Document:

EXHIBIT
4.12

     

    MICROMET, INC.

     

    and

     

    ________,
AS WARRANT AGENT

     

    FORM
OF DEBT SECURITIES

    WARRANT
AGREEMENT

     

    DATED
AS OF [__], 20___

    
      
        
        

         

      

      
         

        
          

        

      

      
         

      

    

    MICROMET, INC.

     

    FORM
OF DEBT SECURITIES WARRANT AGREEMENT

     

    Debt
Securities Warrant Agreement (this “Agreement”),
dated as of                     
between Micromet, Inc.,
a Delaware corporation (the “Company”)
and                     ,
a [corporation] [national banking association] organized and existing under the
laws of                     
and having a corporate trust office in                     ,
as warrant agent (the “Warrant
Agent”).

     

    Whereas,
the Company has entered into an indenture dated as of [                     
(the “Senior
Indenture”), with                     ,
as trustee (such trustee, and any successors to such trustee, herein called the
“Senior
Trustee”), providing for the issuance from time to time of its
unsubordinated debt securities, to be issued in one or more series as provided
in the Senior Indenture (the “Debt
Securities”);] [                    
(the “Subordinated
Indenture”), with                     ,
as trustee (such trustee, and any successors to such trustee, herein called the
“Subordinated
Trustee”), providing for the issuance from time to time of its
subordinated debt securities, to be issued in one or more series as provided in
the Subordinated Indenture (the “Debt
Securities”);]

     

    Whereas,
the Company proposes to sell [If Warrants are sold with other
securities—title of such other securities being offered (the “Other
Securities”) with] warrant certificates evidencing one or more warrants
(the “Warrants”
or, individually, a “Warrant”)
representing the right to purchase [title of Debt Securities purchasable through
exercise of Warrants] (the “Warrant Debt
Securities”), such warrant certificates and other warrant certificates
issued pursuant to this Agreement being herein called the “Warrant
Certificates”; and

     

    Whereas,
the Company desires the Warrant Agent to act on behalf of the Company,
and the Warrant Agent is willing so to act, in connection with the issuance,
registration, transfer, exchange, exercise and replacement of the Warrant
Certificates, and in this Agreement wishes to set forth, among other things, the
form and provisions of the Warrant Certificates and the terms and conditions on
which they may be issued, registered, transferred, exchanged, exercised and
replaced.

     

    Now,
Therefore, in consideration of the premises and of the mutual agreements
herein contained, the parties hereto agree as follows:

    
      
         

      

      
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    ARTICLE
1

     

    ISSUANCE
OF WARRANTS AND EXECUTION AND DELIVERY OF WARRANT CERTIFICATES

     

    1.1           Issuance of Warrants. [If
Warrants alone—Upon issuance, each Warrant Certificate shall evidence one or
more Warrants.] [If Other Securities and Warrants—Warrant Certificates shall be
[initially] issued in connection with the issuance of the Other Securities [but
shall be separately transferable on and after                     
(the “Detachable
Date”)] [and shall not be separately transferable] and each Warrant
Certificate shall evidence one or more Warrants.] Each Warrant evidenced thereby
shall represent the right, subject to the provisions contained herein and
therein, to purchase one Warrant Debt Security. [If Other Securities and
Warrants—Warrant Certificates shall be initially issued in units with the Other
Securities and each Warrant Certificate included in such a unit shall evidence
                    
Warrants for each [$                
principal amount] [            
shares] of Other Securities included in such unit].

     

    1.2           Execution and Delivery of Warrant
Certificates. Each Warrant Certificate, whenever issued, shall be in
registered form substantially in the form set forth in Exhibit A hereto, shall be
dated the date of its countersignature by the Warrant Agent and may have such
letters, numbers, or other marks of identification or designation and such
legends or endorsements printed, lithographed or engraved thereon as the
officers of the Company executing the same may approve (execution thereof to be
conclusive evidence of such approval) and as are not inconsistent with the
provisions of this Agreement, or as may be required to comply with any law or
with any rule or regulation made pursuant thereto or with any rule or regulation
of any securities exchange on which the Warrants may be listed, or to conform to
usage. The Warrant Certificates shall be signed on behalf of the Company by any
of its present or future chief executive officers, presidents, senior vice
presidents, vice presidents, chief financial officers, chief legal officers,
treasurers, assistant treasurers, controllers, assistant controllers,
secretaries or assistant secretaries under its corporate seal reproduced
thereon. Such signatures may be manual or facsimile signatures of such
authorized officers and may be imprinted or otherwise reproduced on the Warrant
Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant
Certificates.

     

    No
Warrant Certificate shall be valid for any purpose, and no Warrant evidenced
thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by
the Warrant Agent upon any Warrant Certificate executed by the Company shall be
conclusive evidence that the Warrant Certificate so countersigned has been duly
issued hereunder.

     

    In case
any officer of the Company who shall have signed any of the Warrant Certificates
either manually or by facsimile signature shall cease to be such officer before
the Warrant Certificates so signed shall have been countersigned and delivered
by the Warrant Agent, such Warrant Certificates may be countersigned and
delivered notwithstanding that the person who signed Warrant Certificates ceased
to be such officer of the Company; and any Warrant Certificate may be signed on
behalf of the Company by such persons as, at the actual date of the execution of
such Warrant Certificate, shall be the proper officers of the Company, although
at the date of the execution of this Agreement any such person was not such
officer.

     

    The term
“holder” or “holder of a Warrant Certificate” as used herein shall mean any
person in whose name at the time any Warrant Certificate shall be registered
upon the books to be maintained by the Warrant Agent for that purpose [If Other
Securities and Warrants are not immediately detachable—or upon the registration
of the Other Securities prior to the Detachable Date. Prior to the Detachable
Date, the Company will, or will cause the registrar of the Other Securities to,
make available at all times to the Warrant Agent such information as to holders
of the Other Securities as may be necessary to keep the Warrant Agent’s records
up to date].

    
      
         

      

      
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    1.3           Issuance of Warrant
Certificates. Warrant Certificates evidencing the right to purchase
Warrant Debt Securities may be executed by the Company and delivered to the
Warrant Agent upon the execution of this Warrant Agreement or from time to time
thereafter. The Warrant Agent shall, upon receipt of Warrant Certificates duly
executed on behalf of the Company, countersign such Warrant Certificates and
shall deliver such Warrant Certificates to or upon the order of the
Company.

     

    ARTICLE
2

     

    WARRANT
PRICE, DURATION AND EXERCISE OF WARRANTS

     

    2.1           Warrant Price. During the
period specified in Section 2.2, each Warrant shall, subject to the terms of
this Warrant Agreement and the applicable Warrant Certificate, entitle the
holder thereof, to purchase the principal amount of Warrant Debt Securities
specified in the applicable Warrant Certificate at an exercise price of                     %
of the principal amount thereof [plus accrued amortization, if any, of the
original issue discount of the Warrant Debt Securities] [plus accrued interest,
if any, from the most recent date from which interest shall have been paid on
the Warrant Debt Securities or, if no interest shall have been paid on the
Warrant Debt Securities, from the date of their initial issuance.] [The original
issue discount ($         
for each $1,000 principal amount of Warrant Debt Securities) will be amortized
at a          %
annual rate, computed on a[n] [semi-] annual basis [using a 360-day year
consisting of twelve 30-day months].] Such purchase price for the Warrant Debt
Securities is referred to in this Agreement as the “Warrant
Price.”

     

    2.2           Duration of Warrants. Each
Warrant may be exercised in whole or in part at any time, as specified herein,
on or after [the date thereof] [                    ]
and at or before [                    ]
p.m., [City] time, on                     
or such later date as the Company may designate by notice to the Warrant Agent
and the holders of Warrant Certificates mailed to their addresses as set forth
in the record books of the Warrant Agent (the “Expiration
Date”). Each Warrant not exercised at or before [             ]
p.m., [City] time, on the Expiration Date shall become void, and all rights of
the holder of the Warrant Certificate evidencing such Warrant under this
Agreement shall cease.

    
      
         

      

      
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    2.3           Exercise
Of Warrants.

     

    (a)           During
the period specified in Section 2.2, the Warrants may be exercised to purchase a
whole number of Warrant Debt Securities in registered form by providing certain
information as set forth on the reverse side of the Warrant Certificate and by
paying in full, in lawful money of the United States of America, [in cash or by
certified check or official bank check in New York Clearing House funds] [by
bank wire transfer in immediately available funds] the Warrant Price for each
Warrant Debt Security with respect to which a Warrant is being exercised to the
Warrant Agent at its corporate trust office, provided that such exercise is
subject to receipt within five business days of such payment by the Warrant
Agent of the Warrant Certificate with the form of election to purchase Warrant
Debt Securities set forth on the reverse side of the Warrant Certificate
properly completed and duly executed. The date on which payment in full of the
Warrant Price is received by the Warrant Agent shall, subject to receipt of the
Warrant Certificate as aforesaid, be deemed to be the date on which the Warrant
is exercised; provided, however, that if, at the date of receipt of such Warrant
Certificates and payment in full of the Warrant Price, the transfer books for
the Warrant Debt Securities purchasable upon the exercise of such Warrants shall
be closed, no such receipt of such Warrant Certificates and no such payment of
such Warrant Price shall be effective to constitute the person so designated to
be named as the holder of record of such Warrant Debt Securities on such date,
but shall be effective to constitute such person as the holder of record of such
Warrant Debt Securities for all purposes at the opening of business on the next
succeeding day on which the transfer books for the Warrant Debt Securities
purchasable upon the exercise of such Warrants shall be opened, and the
certificates for the Warrant Debt Securities in respect of which such Warrants
are then exercised shall be issuable as of the date on such next succeeding day
on which the transfer books shall next be opened, and until such date the
Company shall be under no duty to deliver any certificate for such Warrant Debt
Securities. The Warrant Agent shall deposit all funds received by it in payment
of the Warrant Price in an account of the Company maintained with it and shall
advise the Company by telephone at the end of each day on which a payment for
the exercise of Warrants is received of the amount so deposited to its account.
The Warrant Agent shall promptly confirm such telephone advice to the Company in
writing.

     

    (b)           The
Warrant Agent shall, from time to time, as promptly as practicable, advise the
Company of (i) the number of Warrant Debt Securities with respect to which
Warrants were exercised, (ii) the instructions of each holder of the Warrant
Certificates evidencing such Warrants with respect to delivery of the Warrant
Debt Securities to which such holder is entitled upon such exercise, (iii)
delivery of Warrant Certificates evidencing the balance, if any, of the Warrants
for the remaining Warrant Debt Securities after such exercise, and (iv) such
other information as the Company or the [Senior] [Subordinated] Trustee shall
reasonably require.

     

    (c)           As
soon as practicable after the exercise of any Warrant, the Company shall issue,
pursuant to the Indenture, in authorized denominations, to or upon the order of
the holder of the Warrant Certificate evidencing such Warrant, the Warrant Debt
Securities to which such holder is entitled, in fully registered form,
registered in such name or names as may be directed by such holder. If fewer
than all of the Warrants evidenced by such Warrant Certificate are exercised,
the Company shall execute, and an authorized officer of the Warrant Agent shall
manually countersign and deliver, a new Warrant Certificate evidencing Warrants
for the number of Warrant Debt Securities remaining unexercised.

     

    (d)           The
Company shall not be required to pay any stamp or other tax or other
governmental charge required to be paid in connection with any transfer involved
in the issue of the Warrant Debt Securities, and in the event that any such
transfer is involved, the Company shall not be required to issue or deliver any
Warrant Debt Securities until such tax or other charge shall have been paid or
it has been established to the Company’s satisfaction that no such tax or other
charge is due.

     

    (e)           Prior
to the issuance of any Warrants there shall have been reserved, and the Company
shall at all times through the Expiration Date keep reserved, out of its
authorized but unissued Warrant Debt Securities, a number of shares sufficient
to provide for the exercise of the Warrants.

    
      
         

      

      
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    ARTICLE
3

     

    OTHER
PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES

     

    3.1           No Rights As Holders of Warrant Debt
Securities Conferred By Warrants or Warrant Certificates. No Warrant
Certificate or Warrant evidenced thereby shall entitle the holder thereof to any
of the rights of a holder of Warrant Debt Securities, including, without
limitation, the right to receive the payment of principal of (or premium, if
any) or interest, if any, on the Warrant Debt Securities or to enforce any of
the covenants in the Indenture.

     

    3.2           Lost, Stolen, Mutilated or Destroyed
Warrant Certificates. Upon receipt by the Warrant Agent of evidence
reasonably satisfactory to it and the Company of the ownership of and the loss,
theft, destruction or mutilation of any Warrant Certificate and/or indemnity
reasonably satisfactory to the Warrant Agent and the Company and, in the case of
mutilation, upon surrender of the mutilated Warrant Certificate to the Warrant
Agent for cancellation, then, in the absence of notice to the Company or the
Warrant Agent that such Warrant Certificate has been acquired by a bona fide
purchaser, the Company shall execute, and an authorized officer of the Warrant
Agent shall manually countersign and deliver, in exchange for or in lieu of the
lost, stolen, destroyed or mutilated Warrant Certificate, a new Warrant
Certificate of the same tenor and evidencing Warrants for a like principal
amount of Warrant Debt Securities. Upon the issuance of any new Warrant
Certificate under this Section 3.2, the Company may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the
Warrant Agent) in connection therewith. Every substitute Warrant Certificate
executed and delivered pursuant to this Section 3.2 in lieu of any lost, stolen
or destroyed Warrant Certificate shall represent an additional contractual
obligation of the Company, whether or not the lost, stolen or destroyed Warrant
Certificate shall be at any time enforceable by anyone, and shall be entitled to
the benefits of this Agreement equally and proportionately with any and all
other Warrant Certificates duly executed and delivered hereunder. The provisions
of this Section 3.2 are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement of mutilated, lost,
stolen or destroyed Warrant Certificates.

     

    3.3           Holder Of Warrant Certificate May
Enforce Rights. Notwithstanding any of the provisions of this Agreement,
any holder of any Warrant Certificate, without the consent of the Warrant Agent,
the [Senior] [Subordinated] Trustee, the holder of any Warrant Debt Securities
or the holder of any other Warrant Certificate, may, in such holder’s own behalf
and for such holder’s own benefit, enforce, and may institute and maintain any
suit, action or proceeding against the Company suitable to enforce, or otherwise
in respect of, such holder’s right to exercise the Warrants evidenced by such
holder’s Warrant Certificate in the manner provided in such holder’s Warrant
Certificates and in this Agreement.

    
      
         

      

      
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    3.4           Merger, Sale, Conveyance or
Lease. In case of (a) any share exchange, merger or similar transaction
of the Company with or into another person or entity (other than a share
exchange, merger or similar transaction in which the Company is the acquiring or
surviving corporation) or (b) the sale, exchange, lease, transfer or other
disposition of all or substantially all of the properties and assets of the
Company as an entirety (in any such case, a “Reorganization
Event”), then, as a condition of such Reorganization Event, lawful
provisions shall be made, and duly executed documents evidencing the same from
the Company’s successor shall be delivered to the holders of the Warrants, so
that such successor shall succeed to and be substituted for the Company, and
assume all the Company’s obligations under, this Agreement and the Warrants. The
Company shall thereupon be relieved of any further obligation hereunder or under
the Warrants, and the Company as the predecessor corporation may thereupon or at
any time thereafter be dissolved, wound up or liquidated. Such successor or
assuming entity thereupon may cause to be signed, and may issue either in its
own name or in the name of the Company, any or all of the Warrants issuable
hereunder which heretofore shall not have been signed by the Company, and may
execute and deliver securities in its own name, in fulfillment of its
obligations to deliver Warrant Debt Securities upon exercise of the Warrants.
All the Warrants so issued shall in all respects have the same legal rank and
benefit under this Agreement as the Warrants theretofore or thereafter issued in
accordance with the terms of this Agreement as though all of such Warrants had
been issued at the date of the execution hereof. In any case of any such
Reorganization Event, such changes in phraseology and form (but not in
substance) may be made in the Warrants thereafter to be issued as may be
appropriate.

     

    3.5           Notice To Warrantholders. In
case the Company shall (a) effect any Reorganization Event or (b) make any
distribution on or in respect of the [title of Warrant Debt Securities] in
connection with the dissolution, liquidation or winding up of the Company, then
the Company shall mail to each holder of Warrants at such holder’s address as it
shall appear on the books of the Warrant Agent, at least ten days prior to the
applicable date hereinafter specified, a notice stating the date on which such
Reorganization Event, dissolution, liquidation or winding up is expected to
become effective, and the date as of which it is expected that holders of [title
of Warrant Debt Securities] of record shall be entitled to exchange their shares
of [title of Warrant Debt Securities] for securities or other property
deliverable upon such Reorganization Event, dissolution, liquidation or winding
up. No failure to mail such notice nor any defect therein or in the mailing
thereof shall affect any such transaction.

    
      
         

      

      
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    ARTICLE
4

     

    EXCHANGE
AND TRANSFER OF WARRANT CERTIFICATES

     

    4.1           Exchange and Transfer of Warrant
Certificates. [If Other Securities with Warrants which are immediately
detachable—Upon] [If Other Securities with Warrants which are not immediately
detachable—Prior to the Detachable Date, a Warrant Certificate may be exchanged
or transferred only together with the Other Security to which the Warrant
Certificate was initially attached, and only for the purpose of effecting or in
conjunction with an exchange or transfer of such Other Security. Prior to any
Detachable Date, each transfer of the Other Security shall operate also to
transfer the related Warrant Certificates. After the Detachable Date, upon]
surrender at the corporate trust office of the Warrant Agent, Warrant
Certificates evidencing Warrants may be exchanged for Warrant Certificates in
other denominations evidencing such Warrants or the transfer thereof may be
registered in whole or in part; provided that such other Warrant Certificates
evidence Warrants for the same aggregate principal amount of Warrant Debt
Securities as the Warrant Certificates so surrendered. The Warrant Agent shall
keep, at its corporate trust office, books in which, subject to such reasonable
regulations as it may prescribe, it shall register Warrant Certificates and
exchanges and transfers of outstanding Warrant Certificates, upon surrender of
the Warrant Certificates to the Warrant Agent at its corporate trust office for
exchange or registration of transfer, properly endorsed or accompanied by
appropriate instruments of registration of transfer and written instructions for
transfer, all in form satisfactory to the Company and the Warrant Agent. No
service charge shall be made for any exchange or registration of transfer of
Warrant Certificates, but the Company may require payment of a sum sufficient to
cover any stamp or other tax or other governmental charge that may be imposed in
connection with any such exchange or registration of transfer. Whenever any
Warrant Certificates are so surrendered for exchange or registration of
transfer, an authorized officer of the Warrant Agent shall manually countersign
and deliver to the person or persons entitled thereto a Warrant Certificate or
Warrant Certificates duly authorized and executed by the Company, as so
requested. The Warrant Agent shall not be required to effect any exchange or
registration of transfer which will result in the issuance of a Warrant
Certificate evidencing a Warrant for a fraction of a Warrant Debt Security or a
number of Warrants for a whole number of Warrant Debt Securities and a fraction
of a Warrant Debt Security. All Warrant Certificates issued upon any exchange or
registration of transfer of Warrant Certificates shall be the valid obligations
of the Company, evidencing the same obligations and entitled to the same
benefits under this Agreement as the Warrant Certificate surrendered for such
exchange or registration of transfer.

     

    4.2           Treatment of Holders of Warrant
Certificates. [If Other Securities and Warrants are not immediately
detachable—Prior to the Detachable Date, the Company, the Warrant Agent and all
other persons may treat the owner of the Other Security as the owner of the
Warrant Certificates initially attached thereto for any purpose and as the
person entitled to exercise the rights represented by the Warrants evidenced by
such Warrant Certificates, any notice to the contrary notwithstanding. After the
Detachable Date and prior to due presentment of a Warrant Certificate for
registration of transfer, the] [The] Company, the Warrant Agent and all other
persons may treat the registered holder of a Warrant Certificate as the absolute
owner thereof for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced thereby, any notice to the contrary
notwithstanding.

     

    4.3           Cancellation of Warrant
Certificates. Any Warrant Certificate surrendered for exchange,
registration of transfer or exercise of the Warrants evidenced thereby shall, if
surrendered to the Company, be delivered to the Warrant Agent and all Warrant
Certificates surrendered or so delivered to the Warrant Agent shall be promptly
canceled by the Warrant Agent and shall not be reissued and, except as expressly
permitted by this Agreement, no Warrant Certificate shall be issued hereunder in
exchange therefor or in lieu thereof. The Warrant Agent shall deliver to the
Company from time to time or otherwise dispose of canceled Warrant Certificates
in a manner satisfactory to the Company.

     

    ARTICLE
5

     

    CONCERNING
THE WARRANT AGENT

     

    5.1           Warrant Agent. The Company
hereby appoints ___________ as Warrant Agent of the Company in respect of the
Warrants and the Warrant Certificates upon the terms and subject to the
conditions herein set forth, and ___________ hereby accepts such appointment.
The Warrant Agent shall have the powers and authority granted to and conferred
upon it in the Warrant Certificates and hereby and such further powers and
authority to act on behalf of the Company as the Company may hereafter grant to
or confer upon it. All of the terms and provisions with respect to such powers
and authority contained in the Warrant Certificates are subject to and governed
by the terms and provisions hereof.

    
      
         

      

      
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    5.2           Conditions of Warrant Agent’s
Obligations. The Warrant Agent accepts its obligations herein set forth
upon the terms and conditions hereof, including the following to all of which
the Company agrees and to all of which the rights hereunder of the holders from
time to time of the Warrant Certificates shall be subject:

     

    (a)           Compensation and
Indemnification. The Company agrees promptly to pay the Warrant Agent the
compensation to be agreed upon with the Company for all services rendered by the
Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket
expenses (including reasonable counsel fees) incurred without negligence, bad
faith or willful misconduct by the Warrant Agent in connection with the services
rendered hereunder by the Warrant Agent. The Company also agrees to indemnify
the Warrant Agent for, and to hold it harmless against, any loss, liability or
expense incurred without negligence, bad faith or willful misconduct on the part
of the Warrant Agent, arising out of or in connection with its acting as Warrant
Agent hereunder, including the reasonable costs and expenses of defending
against any claim of such liability.

     

    (b)           Agent for the Company. In
acting under this Warrant Agreement and in connection with the Warrant
Certificates, the Warrant Agent is acting solely as agent of the Company and
does not assume any obligations or relationship of agency or trust for or with
any of the holders of Warrant Certificates or beneficial owners of
Warrants.

     

    (c)           Counsel. The Warrant Agent may
consult with counsel satisfactory to it, which may include counsel for the
Company, and the written advice of such counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted
by it hereunder in good faith and in accordance with the advice of such
counsel.

     

    (d)           Documents. The Warrant Agent
shall be protected and shall incur no liability for or in respect of any action
taken or omitted by it in reliance upon any Warrant Certificate, notice,
direction, consent, certificate, affidavit, statement or other paper or document
reasonably believed by it to be genuine and to have been presented or signed by
the proper parties.

     

    (e)           Certain Transactions. The
Warrant Agent, and its officers, directors and employees, may become the owner
of, or acquire any interest in, Warrants, with the same rights that it or they
would have if it were not the Warrant Agent hereunder, and, to the extent
permitted by applicable law, it or they may engage or be interested in any
financial or other transaction with the Company and may act on, or as
depositary, trustee or agent for, any committee or body of holders of Warrant
Debt Securities or other obligations of the Company as freely as if it were not
the Warrant Agent hereunder. Nothing in this Warrant Agreement shall be deemed
to prevent the Warrant Agent from acting as [Senior] [Subordinated] Trustee
under the [Senior] [Subordinated] Indenture.

    
      
         

      

      
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    (f)           No Liability for Interest.
Unless otherwise agreed with the Company, the Warrant Agent shall have no
liability for interest on any monies at any time received by it pursuant to any
of the provisions of this Agreement or of the Warrant Certificates.

     

    (g)           No Liability for Invalidity.
The Warrant Agent shall have no liability with respect to any invalidity of this
Agreement or any of the Warrant Certificates (except as to the Warrant Agent’s
countersignature thereon).

     

    (h)           No Responsibility for
Representations. The Warrant Agent shall not be responsible for any of
the recitals or representations herein or in the Warrant Certificates (except as
to the Warrant Agent’s countersignature thereon), all of which are made solely
by the Company.

     

    (i)           No Implied Obligations. The
Warrant Agent shall be obligated to perform only such duties as are herein and
in the Warrant Certificates specifically set forth and no implied duties or
obligations shall be read into this Agreement or the Warrant Certificates
against the Warrant Agent. The Warrant Agent shall not be under any obligation
to take any action hereunder which may tend to involve it in any expense or
liability, the payment of which within a reasonable time is not, in its
reasonable opinion, assured to it. The Warrant Agent shall not be accountable or
under any duty or responsibility for the use by the Company of any of the
Warrant Certificates authenticated by the Warrant Agent and delivered by it to
the Company pursuant to this Agreement or for the application by the Company of
the proceeds of the Warrant Certificates. The Warrant Agent shall have no duty
or responsibility in case of any default by the Company in the performance of
its covenants or agreements contained herein or in the Warrant Certificates or
in the case of the receipt of any written demand from a holder of a Warrant
Certificate with respect to such default, including, without limiting the
generality of the foregoing, any duty or responsibility to initiate or attempt
to initiate any proceedings at law or otherwise or, except as provided in
Section 6.2 hereof, to make any demand upon the Company.

     

    5.3           Resignation
, Removal and Appointment of Successors.

     

    (a)           The
Company agrees, for the benefit of the holders from time to time of the Warrant
Certificates, that there shall at all times be a Warrant Agent hereunder until
all the Warrants have been exercised or are no longer exercisable.

     

    (b)           The
Warrant Agent may at any time resign as agent by giving written notice to the
Company of such intention on its part, specifying the date on which its desired
resignation shall become effective; provided that such date shall not be less
than three months after the date on which such notice is given unless the
Company otherwise agrees. The Warrant Agent hereunder may be removed at any time
by the filing with it of an instrument in writing signed by or on behalf of the
Company and specifying such removal and the intended date when it shall become
effective. Such resignation or removal shall take effect upon the appointment by
the Company, as hereinafter provided, of a successor Warrant Agent (which shall
be a bank or trust company authorized under the laws of the jurisdiction of its
organization to exercise corporate trust powers) and the acceptance of such
appointment by such successor Warrant Agent. The obligation of the Company under
Section 5.2(a) shall continue to the extent set forth therein notwithstanding
the resignation or removal of the Warrant Agent.

    
      
         

      

      
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    (c)           In
case at any time the Warrant Agent shall resign, or shall be removed, or shall
become incapable of acting, or shall be adjudged a bankrupt or insolvent, or
shall commence a voluntary case under the Federal bankruptcy laws, as now or
hereafter constituted, or under any other applicable Federal or state
bankruptcy, insolvency or similar law or shall consent to the appointment of or
taking possession by a receiver, custodian, liquidator, assignee, trustee,
sequestrator (or other similar official) of the Warrant Agent or its property or
affairs, or shall make an assignment for the benefit of creditors, or shall
admit in writing its inability to pay its debts generally as they become due, or
shall take corporate action in furtherance of any such action, or a decree or
order for relief by a court having jurisdiction in the premises shall have been
entered in respect of the Warrant Agent in an involuntary case under the Federal
bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or state bankruptcy, insolvency or similar law, or a decree or order by
a court having jurisdiction in the premises shall have been entered for the
appointment of a receiver, custodian, liquidator, assignee, trustee,
sequestrator (or similar official) of the Warrant Agent or of its property or
affairs, or any public officer shall take charge or control of the Warrant Agent
or of its property or affairs for the purpose of rehabilitation, conservation,
winding up or liquidation, a successor Warrant Agent, qualified as aforesaid,
shall be appointed by the Company by an instrument in writing, filed with the
successor Warrant Agent. Upon the appointment as aforesaid of a successor
Warrant Agent and acceptance by the successor Warrant Agent of such appointment,
the Warrant Agent shall cease to be Warrant Agent hereunder.

     

    (d)           Any
successor Warrant Agent appointed hereunder shall execute, acknowledge and
deliver to its predecessor and to the Company an instrument accepting such
appointment hereunder, and thereupon such successor Warrant Agent, without any
further act, deed or conveyance, shall become vested with all the authority,
rights, powers, trusts, immunities, duties and obligations of such predecessor
with like effect as if originally named as Warrant Agent hereunder, and such
predecessor, upon payment of its charges and disbursements then unpaid, shall
thereupon become obligated to transfer, deliver and pay over, and such successor
Warrant Agent shall be entitled to receive, all monies, securities and other
property on deposit with or held by such predecessor, as Warrant Agent
hereunder.

     

    (e)           Any
corporation into which the Warrant Agent hereunder may be merged or converted or
any corporation with which the Warrant Agent may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the
Warrant Agent shall be a party, or any corporation to which the Warrant Agent
shall sell or otherwise transfer all or substantially all the assets and
business of the Warrant Agent, provided that it shall be qualified as aforesaid,
shall be the successor Warrant Agent under this Agreement without the execution
or filing of any paper or any further act on the part of any of the parties
hereto.

     

    ARTICLE
6

     

    MISCELLANEOUS

     

    6.1           Amendment. This Agreement may
be amended by the parties hereto, without the consent of the holder of any
Warrant Certificate, for the purpose of curing any ambiguity, or of curing,
correcting or supplementing any defective provision contained herein, or making
any other provisions with respect to matters or questions arising under this
Agreement as the Company and the Warrant Agent may deem necessary or desirable;
provided that such action shall not materially adversely affect the interests of
the holders of the Warrant Certificates.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    6.2           Notices and Demands to the Company
and Warrant Agent. If the Warrant Agent shall receive any notice or
demand addressed to the Company by the holder of a Warrant Certificate pursuant
to the provisions of the Warrant Certificates, the Warrant Agent shall promptly
forward such notice or demand to the Company.

     

    6.3           Addresses. Any communication
from the Company to the Warrant Agent with respect to this Agreement shall be
addressed to                     ,
Attention:                      
and any communication from the Warrant Agent to the Company with respect to this
Agreement shall be addressed to Micromet, Inc., 6707 Democracy Blvd., Suite
505, Bethesda, Maryland, 20817, Attention: General Counsel (or such other
address as shall be specified in writing by the Warrant Agent or by the
Company).

     

    6.4           Governing Law. This Agreement
and each Warrant Certificate issued hereunder shall be governed by and construed
in accordance with the laws of the State of New York.

     

    6.5           Delivery Of Prospectus. The
Company shall furnish to the Warrant Agent sufficient copies of a prospectus
meeting the requirements of the Securities Act of 1933, as amended, relating to
the Warrant Debt Securities deliverable upon exercise of the Warrants (the
“Prospectus”),
and the Warrant Agent agrees that upon the exercise of any Warrant, the Warrant
Agent will deliver to the holder of the Warrant Certificate evidencing such
Warrant, prior to or concurrently with the delivery of the Warrant Debt
Securities issued upon such exercise, a Prospectus. The Warrant Agent shall not,
by reason of any such delivery, assume any responsibility for the accuracy or
adequacy of such Prospectus.

     

    6.6           Obtaining of Governmental
Approvals. The Company will from time to time take all action which may
be necessary to obtain and keep effective any and all permits, consents and
approvals of governmental agencies and authorities and securities act filings
under United States Federal and state laws (including without limitation a
registration statement in respect of the Warrants and Warrant Debt Securities
under the Securities Act of 1933, as amended), which may be or become requisite
in connection with the issuance, sale, transfer, and delivery of the Warrant
Debt Securities issued upon exercise of the Warrants, the issuance, sale,
transfer and delivery of the Warrants or upon the expiration of the period
during which the Warrants are exercisable.

     

    6.7           Persons Having Rights Under Warrant
Agreement. Nothing in this Agreement shall give to any person other than
the Company, the Warrant Agent and the holders of the Warrant Certificates any
right, remedy or claim under or by reason of this Agreement.

     

    6.8           Headings. The descriptive
headings of the several Articles and Sections of this Agreement are inserted for
convenience only and shall not control or affect the meaning or construction of
any of the provisions hereof.

     

    6.9           Counterparts. This Agreement
may be executed in any number of counterparts, each of which as so executed
shall be deemed to be an original, but such counterparts shall together
constitute but one and the same instrument.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    6.10        Inspection of Agreement. A
copy of this Agreement shall be available at all reasonable times at the
principal corporate trust office of the Warrant Agent for inspection by the
holder of any Warrant Certificate. The Warrant Agent may require such holder to
submit his Warrant Certificate for inspection by it.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    In Witness
Whereof, the parties hereto have caused this Agreement to be duly
executed, all as of the day and year first above written.

     

    
      
        	 
      	
                Micromet,
      Inc.

              
	 
      	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	 
      	 
      
	 
      	
                Name:

              	 
      
	 
      	 
      	 
      
	 
      	
                Title:

              	 
      
	 
      	 
      
	 
      	
                [Warrant
      Agent], as Warrant Agent

              
	 
      	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	 
      	 
      
	 
      	
                Name:

              	 
      
	 
      	 
      	 
      
	 
      	
                Title:

              	 
      

      

    

     

    [SIGNATURE
PAGE TO DEBT SECURITIES WARRANT AGREEMENT]

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    FORM
OF WARRANT CERTIFICATE

    [FACE
OF WARRANT CERTIFICATE]

     

    
      
        
          
            	
                    [[Form
      if Warrants are attached to Other Securities and are not immediately
      detachable.]

                  	 
      	
                    [Prior
      to
      _________, this Warrant Certificate cannot be transferred or
      exchanged unless attached to a [Title of Other
    Securities].]

                  
	 
      	 
      	 
      
	
                    [Form
      of Legend if Warrants are not immediately exercisable.]

                  	 
      	
                    [Prior
      to _________, Warrants evidenced by this Warrant Certificate cannot be
      exercised.]

                  

          

        

      

    

     

    EXERCISABLE
ONLY IF COUNTERSIGNED BY THE WARRANT AGENT AS PROVIDED HEREIN

     

    VOID
AFTER [        ]
P.M., [___________] TIME, ON                     ,

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    MICROMET, INC.

    WARRANT
CERTIFICATE REPRESENTING

    WARRANTS
TO PURCHASE

    [TITLE
OF WARRANT DEBT SECURITIES]

     

    
      
        
          
            
              
                
                  	
                          No.

                        	 
      	 
      	
                          Warrants

                        

                

              

            

          

        

      

    

     

    This
certifies that                                
or registered assigns is the registered owner of the above indicated number of
Warrants, each Warrant entitling such owner [If Warrants are attached to Other
Securities and are not immediately detachable —, subject to the registered owner
qualifying as a “Holder” of this Warrant Certificate, as hereinafter defined)]
to purchase, at any time [after [          ]
p.m., [City] time, on                                
and] on or before [        ]
p.m., [City] time, on                                ,
$       
principal amount of [Title of Warrant Debt Securities] (the “Warrant Debt
Securities”), of Micromet, Inc. (the “Company”),
issued or to be issued under the Indenture (as hereinafter defined), on the
following basis: during the period from                                ,
through and including                                ,
each Warrant shall entitle the Holder thereof, subject to the provisions of this
Agreement, to purchase the principal amount of Warrant Debt Securities stated in
the Warrant Certificate at the warrant price (the “Warrant
Price”) of        %
of the principal amount thereof [plus accrued amortization, if any, of the
original issue discount of the Warrant Debt Securities] [plus accrued interest,
if any, from the most recent date from which interest shall have been paid on
the Warrant Debt Securities or, if no interest shall have been paid on the
Warrant Debt Securities, from the date of their original issuance]. [The
original issue discount ($         
for each $1,000 principal amount of Warrant Debt Securities) will be amortized
at a           %
annual rate, computed on a[n] [semi-]annual basis [using a 360-day year
consisting of twelve 30-day months]. The Holder may exercise the Warrants
evidenced hereby by providing certain information set forth on the back hereof
and by paying in full, in lawful money of the United States of America, [in cash
or by certified check or official bank check in New York Clearing House funds]
[by bank wire transfer in immediately available funds], the Warrant Price for
each Warrant Debt Security with respect to which this Warrant is exercised to
the Warrant Agent (as hereinafter defined) and by surrendering this Warrant
Certificate, with the purchase form on the back hereof duly executed, at the
corporate trust office of [name of Warrant Agent], or its successor as warrant
agent (the “Warrant
Agent”), which is, on the date hereof, at the address specified on the
reverse hereof, and upon compliance with and subject to the conditions set forth
herein and in the Warrant Agreement (as hereinafter defined).

     

    The term
“Holder” as used herein shall mean [If Warrants are attached to Other Securities
and are not immediately detachable—, prior to                            ,
           
(the “Detachable
Date”), the registered owner of the Company’s [title of Other Securities]
to which this Warrant Certificate was initially attached, and after such
Detachable Date,] the person in whose name at the time this Warrant Certificate
shall be registered upon the books to be maintained by the Warrant Agent for
that purpose pursuant to Section 4 of the Warrant Agreement.

     

    The
Warrants evidenced by this Warrant Certificate may be exercised to purchase
Warrant Debt Securities in the principal amount of $1,000 or any integral
multiple thereof in registered form. Upon any exercise of fewer than all of the
Warrants evidenced by this Warrant Certificate, there shall be issued to the
Holder hereof a new Warrant Certificate evidencing Warrants for the aggregate
principal amount of Warrant Debt Securities remaining
unexercised.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    This
Warrant Certificate is issued under and in accordance with the Warrant Agreement
dated as of                        ,
         
(the “Warrant
Agreement”), between the Company and the Warrant Agent and is subject to
the terms and provisions contained in the Warrant Agreement, to all of which
terms and provisions the Holder of this Warrant Certificate consents by
acceptance hereof. Copies of the Warrant Agreement are on file at the
above-mentioned office of the Warrant Agent.

     

    The
Warrant Debt Securities to be issued and delivered upon the exercise of Warrants
evidenced by this Warrant Certificate will be issued under and in accordance
with an Indenture, [dated as of                      ,
             
(the “Senior
Indenture”), between the Company and                                 ,
as trustee (such trustee, and any successors to such trustee, the “Senior
Trustee”)] [dated as of                                ,
                               ,
(the “Subordinated
Indenture”), between the Company and                                ,
as trustee (such trustee, and any successors to such trustee, the “Subordinated
Trustee”)] and will be subject to the terms and provisions contained in
the Warrant Debt Securities and in the Indenture. Copies of the [Senior]
[Subordinated] Indenture, including the form of the Warrant Debt Securities, are
on file at the corporate trust office of the Trustee.

     

    [If
Warrants are attached to Other Securities and are not immediately
detachable—Prior to the Detachable Date, this Warrant Certificate may be
exchanged or transferred only together with the [Title of Other Securities] (the
“Other
Securities”) to which this Warrant Certificate was initially attached,
and only for the purpose of effecting or in conjunction with, an exchange or
transfer of such Other Security. Additionally, on or prior to the Detachable
Date, each transfer of such Other Security on the register of the Other
Securities shall operate also to transfer this Warrant Certificate. After such
date, transfer of this] [If Warrants are attached to Other Securities and are
immediately detachable—Transfer of this] Warrant Certificate may be registered
when this Warrant Certificate is surrendered at the corporate trust office of
the Warrant Agent by the registered owner or such owner’s assigns, in the manner
and subject to the limitations provided in the Warrant Agreement.

     

    [If Other
Securities with Warrants which are not immediately detachable-Except as provided
in the immediately preceding paragraph, after] [If Other Securities with
Warrants which are immediately detachable or Warrants alone—After]
countersignature by the Warrant Agent and prior to the expiration of this
Warrant Certificate, this Warrant Certificate may be exchanged at the corporate
trust office of the Warrant Agent for Warrant Certificates representing Warrants
for the same aggregate principal amount of Warrant Debt Securities.

     

    This
Warrant Certificate shall not entitle the Holder hereof to any of the rights of
a holder of the Warrant Debt Securities, including, without limitation, the
right to receive payments of principal of (and premium, if any) or interest, if
any, on the Warrant Debt Securities or to enforce any of the covenants of the
Indenture.

     

    Reference
is hereby made to the further provisions of this Warrant Certificate set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

    This
Warrant Certificate shall not be valid or obligatory for any purpose until
countersigned by the Warrant Agent.

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    In Witness
Whereof, the Company has caused this Warrant to be executed in its name
and on its behalf by the facsimile signatures of its duly authorized
officers.

     

    
      
        	
                Dated:

              	 
      	 
      

      

    

    

    
      
        	 
      	
                Micromet,
      Inc.

              
	 
      	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	 
      	 
      
	 
      	
                Name:

              	 
      
	 
      	 
      	 
      
	 
      	
                Title:

              	 
      

      

    

    

    
      
        	 
      	
                Countersigned:

              

      

    

    

    
      
        	 
      	
                [Warrant
      Agent], as Warrant Agent

              
	 
      	 
      	 
      
	 
      	
                By:

              	 
      
	 
      	 
      	 
      
	 
      	
                Name:

              	 
      
	 
      	 
      	 
      
	 
      	
                Title:

              	 
      

      

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    [REVERSE
OF WARRANT CERTIFICATE]

     

    (Instructions
for Exercise of Warrant)

     

    To
exercise any Warrants evidenced hereby for Warrant Debt Securities (as
hereinafter defined), the Holder must pay, in lawful money of the United States
of America, [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds],
the Warrant Price in full for Warrants exercised, to [Warrant Agent] [address of
Warrant Agent], Attn:                         ,
which payment must specify the name of the Holder and the number of Warrants
exercised by such Holder. In addition, the Holder must complete the information
required below and present this Warrant Certificate in person or by mail
(certified or registered mail is recommended) to the Warrant Agent at the
appropriate address set forth above. This Warrant Certificate, completed and
duly executed, must be received by the Warrant Agent within five business days
of the payment.

     

    (To be
executed upon exercise of Warrants)

     

    The
undersigned hereby irrevocably elects to exercise                   
Warrants, represented by this Warrant Certificate, to purchase $           
principal amount of the [Title of Warrant Debt Securities] (the “Warrant Debt
Securities”) of Micromet, Inc. and represents that he has tendered
payment for such Warrant Debt Securities, in lawful money of the United States
of America, [in cash or by certified check or official bank check in New York
Clearing House funds] [by bank wire transfer in immediately available funds], to
the order of Micromet, Inc., c/o [insert name and address of Warrant
Agent], in the amount of $            
in accordance with the terms hereof. The undersigned requests that said
principal amount of Warrant Debt Securities be in fully registered form in the
authorized denominations, registered in such names and delivered all as
specified in accordance with the instructions set forth below.

     

    If the
number of Warrants exercised is less than all the Warrants evidenced hereby, the
undersigned requests that a new Warrant Certificate evidencing the Warrants for
the aggregate principal amount of Warrant Debt Securities remaining unexercised
be issued and delivered to the undersigned unless otherwise specified in the
instructions below.

     

    
      
        
          	
                  Dated

                	 
      	 
      	
                  Name

                	 
      
	 
      	 
      	 
      	 
      	
                  Please
      Print

                

        

      

    

     

    
      
        
          
            
              
                	
                        Address:

                      	 
      	 
      
	 
      	 
      	 
      
	 	 	 

              

            

          

        

      

    

    

    
      
        
          
            
              
                
                  
                    	 
      	 
      
	
                            (Insert
      Social Security or Other Identifying Number of Holder)

                          	 
      

                  

                

              

            

          

        

      

    

    

    
      
        	
                Signature
      Guaranteed

              	 
      	 
      
	 
      	
                Signature

              	 
      

      

    

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    (Signature
must conform in all respects to name of holder as specified on the face of this
Warrant Certificate and must bear a signature guarantee by a bank, trust company
or member broker of the New York, Midwest or Pacific Stock
Exchange).

     

    This
Warrant may be exercised at the following addresses:

     

    
      
        
          
            
              	
                      By
      hand at

                    	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                      By
      mail at

                    	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

            

          

        

      

    

     

    [Instructions
as to form and delivery of Warrant Debt Securities and, if applicable, Warrant
Certificates evidencing Warrants for the number of Warrant Debt Securities
remaining unexercised—complete as appropriate.]

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    ASSIGNMENT

     

    [Form of
assignment to be executed if Warrant Holder desires to transfer
Warrant]

     

    FOR VALUE
RECEIVED,                     
hereby sells, assigns and transfers unto:

     

    
      
        
          	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  (Please
      print name and address including zip code)

                	 
      	
                  Please
      print Social Security or other identifying
  number

                

        

      

    

     

    the right
represented by the within Warrant to purchase $           
aggregate principal amount of [Title of Warrant Debt Securities] of
Micromet, Inc. to which the within Warrant relates and appoints                     
attorney to transfer such right on the books of the Warrant Agent with full
power of substitution in the premises.

     

    
      
        	
                Dated

              	 
      	 
      	 
      
	 
      	 
      	
                Signature

              

      

    

    (Signature
must conform in all respects to name of holder as specified on the face of the
Warrant)

     

    
      
        	
                Signature
      Guaranteed

              	 
      
	 
      	 
      
	 
      	 
      

      

    

     

    
      
         

      

      
        21ASSET
PURCHASE AGREEMENT

    

    AGREEMENT, dated as of October 9, 2009
among Beyond Commerce, Inc, a Nevada corporation with offices at 9029 South
Pecos Road, Suite 2800, Henderson, NV 89074 (the “Company”), along with its
wholly-owned subsidiary, LocalAdLink, Inc., a Nevada corporation, with offices
at  9029 South Pecos Road, Suite 2800, Henderson, NV 89074 (the “Sub”)
( collectively, the "Seller") and OmniReliant Holdings, Inc., a Nevada
corporation with offices at 14375 Myerlake Circle, Clearwater, FL 33760
("Purchaser) (each, a “Party” and, collectively, the “Parties”).

    

    RECITALS

    

    A.           Seller
is engaged in the business of certain internet related services and
software.

    

    B.           Purchaser
desires to acquire certain assets from Seller.

    

    C.           Seller
desires to sell the same to Purchaser.

    

    NOW, THEREFORE, in
consideration of the mutual representations, warranties, covenants and
agreements herein set forth, the parties hereto hereby agree as
follows:

    

    1.   Sale of
Asset.  Subject to the terms and conditions of this Agreement,
at the closing under this Agreement (the "Closing"), Seller shall sell, convey,
assign, transfer and deliver to Purchaser, and Purchaser shall purchase, acquire
and accept from Seller all right, title, and interest in and to Seller’s assets,
patents and properties used in, useful to and/or relating to the Software (as
defined below), which shall include (but not be limited to) the following (the
"Asset"):

    

    
      	
               
      

            	
              1.1

            	
              Software.  The LocalAdLink
      Software (“LAL”), including
      source codes, as updated, the LAL name rights, and the LAL trademark, as
      well as any additional third party codes that has been modified or
      integrated into the source codes to enable the business process operations
      of LAL, including but not limited to the domain URL assets (the
      "Software").

            

    

    

    
      
        	
              	
                1.2 

              	
                Records.  All
      creative materials, advertising and promotional materials, marketing
      materials, conference materials, database materials, supplier lists,
      equipment repair, maintenance or service records, and all other printed or
      written materials whether written or electronically stored or otherwise
      recorded, as they relate to the
Software.

              

      

    

    

    It is
expressly understood that Purchaser shall not assume, pay or be liable for any
liability or obligation of Seller of any kind or nature at any time existing or
asserted, whether, known, unknown, fixed, contingent or otherwise, not
specifically assumed herein by Purchaser.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2.  Purchase
Consideration.  In consideration of the purchase and sale of
the Asset, Purchaser shall (i) surrender and forgive certain debt evidenced by
original discount secured convertible debentures held in the name of the
Purchaser and issued by the Company (the “Surrendered Debentures”) in the
aggregate amount of Four Million Dollars ($4,000,000) and (ii) return for
cancellation associated warrants (the “Surrendered Warrants”).  The
principal amount of the Surrendered Debentures will be reduced by
$4,000,000, as set forth in more detail on Schedule 2.1.
Additionally, on the Closing Date, the Purchaser agrees to amend the maturity
date of the Surrendered Debentures and the remaining original issue discount
secured convertible debentures (which collectively will have a principal balance
of $1,623,323)  by an additional twelve (12) months from the date
hereof at a ten percent (10%) interest rate (the “Purchase
Consideration”).

    

    3.  Reserved.

    

    4. Closing.

    

    4.1          Place and
Time.  The Closing shall take place at the offices of Sichenzia
Ross Friedman Ference LLP, 61 Broadway, 32nd Floor
New York, New York 10006, on the date as set forth above  or at such
other time or place as Purchaser and Seller may mutually agree as may be
evidenced by their effecting the Closing (the "Closing Date").

    

    4.2          Deliveries by
Seller.  At the Closing Seller shall deliver the following to
the Purchaser:

    

    (a)           The
Asset

    

    (b)           Such
deeds, bills of sale, assignments and other instruments of conveyance and
transfer, and such powers of attorney, as shall be effective to vest in
Purchaser title to or other interest in, and the right to full custody and
control of, the Asset, free and clear of all liens, charges, encumbrances and
security interests whatsoever.

    

    (c.)
Source code and domain related Asset to be placed in escrow with the following
vendor prior to closing: http://www.ironmountain.com/ipm/escrow/

    

    (d)           All
other documents, certificates, instruments or writings reasonably required by
Purchaser to be delivered by Seller at or prior to the Closing pursuant to this
Agreement.

    

    4.3          Deliveries by
Purchaser.  At the Closing, Purchaser shall deliver the
following to the Seller:

    

    (a)           the
Purchase Consideration in the form of a Surrendered Debentures and the
Surrendered Warrants.

    

    4.4          Proceedings.  All
proceedings which shall be taken and all documents which shall be executed and
delivered by the parties on the Closing Date shall be deemed to have been taken
and executed simultaneously, and no proceeding shall be deemed taken nor any
documents executed or delivered until all have been taken, executed and
delivered.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.5          Conditions to Purchaser's
Obligations.  The obligations of Purchaser to effect the
Closing shall be subject to the satisfaction at or prior to the Closing of the
following conditions, any one or more of which may be waived by
Purchaser:

    

    (a)           The
Seller will obtain executed waivers from any and all creditors that hold a
security interest in the Asset, waiving such security interest and approving the
filing of a UCC-3 Financing Statement amending their security interest to remove
the Asset therefrom;

    

    (b)           The
Seller will have filed or caused to be filed UCC-3 Financing Statement(s)
deleting the Asset from any and all UCC-1 Financing Statements previously filed
which may have included the Asset as part of a security interest to third party
secured creditors.

    

    (c)           
The Company (i) has entered into a Stock Purchase Agreement with Zurvita
Holdings, Inc. pursuant to which Zurvita Holdings, Inc. agrees to purchase
8,000,000 shares of the Seller's common stock, in installments, at a price of
$0.10 per share (for a total of $800,000), and (ii) has purchased a minimum of
3,000,000 of such shares concurrently with the Closing.

    

    (d) There
shall not be in effect any injunction, order or decree of a court of competent
jurisdiction that prohibits or delays consummation of any or all of the
transactions contemplated in this Agreement nor shall any proceeding seeking any
of the foregoing have been commenced.

    

    
      (e)            
The
representations and warranties of Company and the Sub, respectively, as set
forth in this Agreement shall be true and correct in all material respects as of
the date of this Agreement and as of the Closing Date as though made at such
time.

    

    

    
      (f)            
Seller
shall have performed and complied in all material respects with the agreements
contained in this Agreement required to be performed and complied with by it
prior to or at the Closing.

    

    

    
      (g)            
Purchaser
shall have received a certificate to the effect set forth in clauses (a), (b),
(c), (d), (e) and (f) above signed by the Secretary of the Company and the Sub,
respectively, except that Section (c) herein shall only apply to the
Company.

    

    

    4.6          Conditions to Seller's
Obligations.  The obligations of Seller to effect the Closing
shall be subject to the satisfaction at or prior to the Closing of the following
conditions, any one or more of which may be waived by Seller:

    

    
      (a)            
There
shall not be in effect any injunction, order or decree of a court of competent
jurisdiction that prohibits or delays the consummation of any or all of the
transactions contemplated herein nor shall any proceeding seeking any of the
foregoing have been commenced.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      (b)            
The
representations and warranties of Purchaser, set forth in this Agreement shall
be true and correct in all material respects as of the date of this Agreement
and as of the Closing Date as though made at such time.

    

    

    (c)Purchaser
shall have performed and complied in all material respects with the agreements
contained in this Agreement required to be performed and complied with by it
prior to or at the Closing.

    

    (d)           Seller
shall have received a certificate to the effect set forth in clauses (a), (b)
and (c) above signed by the Secretary of Purchaser.

    

    5.  Representations and
Warranties of Seller.  The Company and the Sub, jointly and
severally hereby represent and warrant to the Purchaser that as
follows:

    

    5.1          Organization and Good
Standing.  Seller is a corporation duly organized, validly
existing and in good standing under the laws of the State of Nevada. Seller has
full power and authority to own its properties and to carry on its business as
it is now being conducted. Seller is duly qualified to transact business and is
in good standing in each jurisdiction wherein the nature of the business done or
the property owned, leased or operated by it requires such qualification, except
where the failure to be so qualified would not have a material adverse effect on
the business, operations, properties, prospects, liabilities, results of
operations, Asset or condition (financial or otherwise) of
Seller.  True, correct and complete copies of Seller’s certificate of
incorporation and bylaws and all amendments thereto have been delivered to
Purchaser. The minutes and records of the Seller that have been made available
to Purchaser and are true, correct and complete in all material
respects.

     

    
      5.2
 Corporate Authority, No
Conflicts.

    

     

    (a)           Seller
has the right, power, authority and capacity to execute and deliver this
Agreement and to perform its obligations under this Agreement.

    

    (b)           Neither
the execution, delivery or performance of this Agreement by Seller nor the
consummation by Seller of the transactions contemplated hereby will, directly or
indirectly (with or without notice or lapse of time or both):

    

    (i)           contravene,
conflict with or result in a violation or breach of (A) any provision of the
organizational documents of Seller, (B) any resolution adopted by the Board of
Directors, or any committee thereof, or the owner of Seller, (C) any legal
requirement or any governmental order to which Seller or any of the properties
or assets owned or used by Seller may be subject, or (D) any authorization,
license or permit of any governmental authority, including any private
investigatory license or other similar license, which is held by Seller or that
otherwise relates to the business of, or any of the assets owned or used by
Seller;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (ii)           result
in a violation or breach of or constitute a default, give rise to a right of
termination, cancellation or acceleration, create any entitlement to any payment
or benefit or require the consent or approval of or any notice to or filing with
any third party under any contract to which Seller is a party or to which
it  or its properties or assets may be bound, or require the consent
or approval of or any notice to or filing with any governmental authority to
which the Seller or its properties or assets may be subject; or

     

    (iii)           result
in the imposition or creation of any encumbrance upon or with respect to any of
the properties or assets owned or used by Seller.

     

    5.3          Compliance with Law;
Governmental Authorizations.  To the best of Seller’s
knowledge, Seller is in compliance with all federal, state and local laws,
authorizations, licenses and permits of any governmental authority and all
governmental orders affecting the business, operations, properties or Asset of
Seller, including federal, state and local: (i) Occupational Safety and Health
Laws; (ii) private investigatory and other similar laws; (iii) the Fair Credit
Reporting Act and similar state and local laws; and (iv) laws regarding or
relating to trespass or violation of privacy rights.  Seller has not
been charged with violating, nor to the knowledge of Seller, threatened with a
charge of violating, nor, to the knowledge of Seller, is Seller under
investigation with respect to a possible violation of any provision of any
federal, state or local law relating to any of its respective businesses,
operation, properties or Asset.

    

    5.4          Effect of
Agreement.  This Agreement has been duly executed and delivered
by Seller and constitutes, and such other agreements and instruments to be
executed by Seller pursuant hereto, when so duly executed and delivered, will
constitute, legal, valid and binding obligations of Seller, enforceable in
accordance with their respective terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or
other similar laws relating to or affecting the rights of creditors generally
and by general equity principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law).

    

    5.5          Title to
Asset.  After giving effect to the transactions contemplated by
this Agreement, Purchaser will have good and valid title to the Asset, free and
clear of all, liens, encumbrances, restrictions, security interests, mortgages,
and claims (including any related to duty or customs).

    

    5.6          Broker's
Fees.  Seller has not employed any broker or finder or incurred
any liability for any broker's or finder's fees or commissions in connection
with this Agreement or the transactions contemplated herein.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.7          Noncontravention. 
Neither the execution and the delivery of this Agreement, nor the consummation
of the transactions contemplated hereby, will (i) violate any constitution,
statute, regulation, rule, injunction, judgment, order, decree, ruling, charge,
or other restriction of any government, governmental agency, or court to which
the Purchaser is subject or any provision of its charter or bylaws or (ii)
conflict with, result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under any agreement, contract, lease, license,
instrument, or other arrangement to which the Purchaser is a party or by which
it is bound or to which any of its asset is subject. The Purchaser does not need
to give any notice to, make any filing with, or obtain any authorization,
consent, or approval of any government or governmental agency in order for the
Parties to consummate the transactions contemplated by this
Agreement.

    

    5.8          Intellectual
Property.

    

    (a)           The
Seller owns or has the right to use pursuant to license, sublicense, agreement
or permission all intellectual property necessary or desirable for the operation
of the Asset as presently conducted and as presently proposed to be conducted
(the “Intellectual Property”).  Each item of the Intellectual Property
owned or used by the Seller as it relates to the Asset immediately prior to the
Closing hereunder will be owned by the Purchaser on identical terms and
conditions immediately subsequent to the Closing hereunder.  The
Seller has taken all necessary and desirable action to maintain and protect each
item of Intellectual Property that it owns or uses.

    

    (b)           To
the knowledge of the Seller, Seller has not interfered with, infringed upon,
misappropriated, or otherwise come into conflict with any Intellectual Property
rights of third parties, and none of the directors and officers (and employees
with responsibility for Intellectual Property matters) of the Seller has ever
received any charge, complaint, claim, demand, or notice alleging any such
interference, infringement, misappropriation or violation (including any claim
that the Seller must license or refrain from using any Intellectual Property
rights of any third party).  To the knowledge of any of the directors
and officers (and employees with responsibility for Intellectual Property
matters) of the Seller, no third party has interfered with, infringed upon,
misappropriated, or otherwise come into conflict with any Intellectual Property
rights of the Seller.

    

    (c)           Schedule 5.8
identifies each patent or registration which has been issued to the Seller with
respect to the Intellectual Property, identifies each pending patent application
or application for registration which any of the Seller has made with respect to
the Intellectual Property, and identifies each license, agreement, or other
permission which the Seller has granted to any third party with respect to the
Intellectual Property (together with any exceptions). The Seller has delivered
to the Purchaser correct and complete copies of all such patents, registrations,
applications, licenses, agreements, and permissions (as amended to date) and has
made available to the Purchaser correct and complete copies of all other written
documentation evidencing ownership and prosecution (if applicable) of each such
item. Schedule
5.8 also identifies each trade name or unregistered trademark used by the
Seller in connection with any of its businesses. With respect to each item of
Intellectual Property required to be identified in Schedule
5.8:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (i)

            	
              the
      Seller possesses all right, title, and interest in and to the item, free
      and clear of any Security Interest, license, or other
      restriction;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              the
      item is not subject to any outstanding injunction, judgment, order,
      decree, ruling, or charge;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              no
      action, suit, proceeding, hearing, investigation, charge, complaint,
      claim, or demand is pending or, to the knowledge of the directors and
      officers (and employees with responsibility for Intellectual Property
      matters) of the Seller is threatened which challenges the legality,
      validity, enforceability, use, or ownership of the item;
    and

            

    

    

    
      
        	
                 
      

              	
                (iv)

              	
                the
      Seller has never agreed to indemnify any person or entity for or against
      any interference, infringement, misappropriation, or other conflict with
      respect to the item.

              
	 	 	 
	 	 	
                Schedule
      5.8 identifies each item of Intellectual Property that any third
      party owns and that the Seller uses pursuant to license, sublicense,
      agreement, or permission. The Seller has delivered to the Purchaser
      correct and complete copies of all such licenses, sublicenses, agreements,
      and permissions (as amended to date). With respect to each item of
      Intellectual Property required to be identified in Schedule
      5.8;

              

      

    

    

    
      	
               
      

            	
              (i)

            	
              the
      license, sublicense, agreement, or permission covering the item is legal,
      valid, binding, enforceable, and in full force and
  effect;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              the
      license, sublicense, agreement, or permission will continue to be legal,
      valid, binding, enforceable, and in full force and effect on identical
      terms following the consummation of the transactions contemplated
      hereby;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              no
      party to the license, sublicense, agreement, or permission is in breach or
      default, and no event has occurred which with notice or lapse of time
      would constitute a breach or default or permit termination, modification,
      or acceleration thereunder;

            

    

    

    
      	
               
      

            	
              (iv)

            	
              no
      party to the license, sublicense, agreement, or permission has repudiated
      any provision thereof;

            

    

    

    
      	
               
      

            	
              (v)

            	
              with
      respect to each sublicense, the representations and warranties set forth
      in subsections (A) through (D) above are true and correct with respect to
      the underlying license;

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (vi)

            	
              the
      underlying item of Intellectual Property is not subject to any outstanding
      injunction, judgment, order, decree, ruling, or
  charge;

            

    

    

    
      	
               
      

            	
              (vii)

            	
              no
      action, suit, proceeding, hearing, investigation, charge, complaint,
      claim, or demand is pending or, to the knowledge of the the directors and
      officers (and employees with responsibility for Intellectual Property
      matters) of the Seller is threatened which challenges the legality,
      validity, or enforceability of the underlying item of Intellectual
      Property; and

            

    

    

    
      	
               
      

            	
              (viii)

            	
              the
      Seller has not granted any sublicense or similar right with respect to the
      license, sublicense, agreement, or
permission.

            

    

    

    5.9        Assets.  The
Asset being sold hereunder does not represent 100% of the property and assets of
the Seller and as such, approval of the shareholders of the Seller representing
at least a majority of the voting power is not required.

    

    5.10      Disclosure.  No
representation or warranty by Seller in this Agreement, nor in any certificate,
schedule or exhibit delivered or to be delivered pursuant to this Agreement
contains or will contain any untrue statement of material fact, or omits or will
omit to state a material fact necessary to make the statements herein or
therein, in light of the circumstances under which they were made, not
misleading.

    

    5.11      Liabilities.  Obligations
of any pre-existing liabilities of the Seller prior to the sale of Asset remain
the obligation of the Seller.

    

    5.12      No Material Adverse
Change.  Since the date of the Seller’s latest SEC filings,
there has not been a material adverse change in the business, except as set
forth on Schedule
5.12.

    

               5.13      Reserved.

    

    5.14      Condition and Sufficiency of
Asset. The Asset is in good operating condition and repair, and is
adequate for the uses to which it is being put, and the Asset is not in need of
maintenance or repairs except for ordinary, routine maintenance and repairs that
are not material in nature or cost. The Asset is sufficient for the continued
conduct of its business after the Closing in substantially the same manner as
conducted prior to the Closing.

    

    5.15      Legal
Proceedings.  There is no pending claim, action, investigation,
arbitration, litigation, suit or other proceeding (“Proceeding”):

    

    (a)  that has been commenced
by or against the Seller or that otherwise relates to or may affect the business
of, or any of the properties or assets owned, held or used by, the Seller;
or

    

    (b)  that challenges, or
that may have the effect of preventing, delaying, making illegal, or otherwise
interfering with, any of the transactions contemplated hereby.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    To the knowledge of the Seller, (A) no
such Proceeding has been threatened, and (B) no event has occurred or
circumstance exists that may give rise to or serve as a basis for the
commencement of any such Proceeding.

     

    6.  Reserved.

    

    7. Representations and Warranties of
Purchaser.  Purchaser hereby represents and warrants to Seller
as follows:

    

    7.1          Organization and Good
Standing.  Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of
Nevada.   Purchaser has full corporate power and authority to own
its properties and to carry on its business as it is now being
conducted.  Purchaser is duly qualified to transact business and is in
good standing in each jurisdiction wherein the nature of the business done or
the property owned, leased or operated by it requires such qualification, except
where the failure to be so qualified would not have a material adverse effect on
the business, operations, properties, prospects, liabilities, results of
operations, assets or condition (financial or otherwise) of
Purchaser.

    

    7.2    Corporate Authority, No
Conflicts.

    

    (a)           Purchaser
has the right, power, authority and capacity to execute and deliver this
Agreement and to perform its obligations under this Agreement.

    

    (b)           Neither
the execution, delivery or performance of this Agreement by Purchaser nor the
consummation by Purchaser of the transactions contemplated hereby will, directly
or indirectly (with or without notice or lapse of time or both):

    

    (i)           contravene,
conflict with or result in a violation or breach of (A) any provision of the
organizational documents of Purchaser, (B) any resolution adopted by the Board
of Directors, or any committee thereof, or the owner of Purchaser, (C) any legal
requirement or any governmental order to which Purchaser or any of the
properties or assets owned or used by Purchaser may be subject, or (D) any
authorization, license or permit of any governmental authority, including any
private investigatory license or other similar license, which is held by
Purchaser or that otherwise relates to the business of, or any of the assets
owned or used by Purchaser;

     

    (ii)           result
in a violation or breach of or constitute a default, give rise to a right of
termination, cancellation or acceleration, create any entitlement to any payment
or benefit or require the consent or approval of or any notice to or filing with
any third party under any contract to which Purchaser is a party or to which
it  or its properties or assets may be bound, or require the consent
or approval of or any notice to or filing with any governmental authority to
which the Purchaser or its properties or assets may be subject;
or

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii)           result
in the imposition or creation of any encumbrance upon or with respect to any of
the properties or assets owned or used by Purchaser.

     

    7.3           No Undisclosed
Liabilities.  Purchaser has no material liabilities or
obligations of any nature (whether absolute, accrued, contingent, or otherwise)
except for liabilities or obligations reflected or reserved against in the its
financial statements filed with the Securities and Exchange Commission and
current liabilities incurred in the ordinary course of business since the date
of the therefrom, which current liabilities are consistent with the
representations and warranties contained in this Agreement and will not,
individually or in the aggregate, have a material adverse effect on the
business, operations, properties, prospects, liabilities, results of operations,
assets or condition (financial or otherwise) of Purchaser.

    

    7.4           Taxes.  Purchaser
has properly and timely filed all federal, state and local Tax returns and has
paid all Taxes, assessments and penalties due and payable. All such Tax returns
were complete and correct in all respects as filed, and no claims have been
assessed with respect to such returns. The provisions made for Taxes on the
balance sheet of the Purchaser included in the financial statements of the
Purchaser which have been filed with the Securities and Exchange Commission are
sufficient in all respects for the payment of all Taxes whether disputed or not
that are due or are hereafter found to have been due with respect to the conduct
of the business of the Purchaser up to and through the date of such financial
statements. There are no present, pending, or threatened audit, investigations,
assessments or disputes as to Taxes of any nature payable by the Purchaser, nor
any Tax liens whether existing or inchoate on any of the assets of the
Purchaser, except for current year Taxes not presently due and payable. The
federal income Tax returns of the Purchaser have never been audited. No IRS or
foreign, state, county or local Tax audit is currently in progress. The
Purchaser has not waived the expiration of the statute of limitations with
respect to any Taxes. There are no outstanding requests by the Purchaser for any
extension of time within which to file any Tax return or to pay Taxes shown to
be due on any Tax return. Other than with respect to the Purchaser, the
Purchaser is not liable for Taxes of any other person or entity or is currently
under any contractual obligation to indemnify any person or entity with respect
to Taxes or is a party to any Tax sharing agreement or any other agreement
providing for payments by the Purchaser with respect to Taxes.

    

    For purposes of this Agreement, the
term “Tax” shall mean any United States federal, national, state, provincial,
local or other jurisdictional income, gross receipts, property, sales, use,
license, excise, franchise, employment, payroll, estimated, alternative or
add-on minimum, ad valorem, transfer or excise tax, or any other tax, custom,
duty, governmental fee or other like assessment or charge imposed by any
governmental authority, together with any interest or penalty imposed
thereon.

    

    7.5           Effect of
Agreement.  This Agreement has been duly executed and delivered
by Purchaser and constitutes, and each other agreement, document or instrument
to be executed by Purchaser pursuant hereto, when so duly executed and
delivered, will constitute, legal, valid and binding obligations of Purchaser,
enforceable against Purchaser in accordance with their terms, except as such
enforcement may be limited by bankruptcy, insolvency, reorganization,
receivership, moratorium or other similar laws relating to or affecting the
rights of creditors generally and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in equity or at
law).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    7.6           Knowledge.  Purchaser's
determination with respect to entering into this Agreement was based solely on
the knowledge of its officers and directors and the representations and
warranties made by Seller herein.  Purchaser has not relied on any
representations or warranties of any Seller or any agent of any Seller, whether
implied or otherwise, other than those expressly made by Seller in this
Agreement, in making its determination to enter into and consummate this
Agreement.

    

    7.7           Broker's
Fees.  Purchaser has not employed any broker or finder or
incurred any liability for any broker's or finder's fees or commissions in
connection with this Agreement or the transactions contemplated
herein.

    

    8.           Pre-Closing
Covenants.

    

    8.1           Transition.  This
Agreement is subject to a full and timely transition of the LAL operations,
technology platform and associated LAL representatives to the Purchaser and its
licensees.  “Transition” is defined, for purposes herein, as the
ability for the Purchaser, to be fully functional to operate and sell LAL
products independently from BYOC resources.  The Seller hereby agrees
to train the employees of the Purchaser (or Purchaser's licensee, Zurvita
Holdings, Inc.) and provide support services to transition the LAL operations,
technology platform and associated LAL representatives to the Purchaser and its
licensees.  The Seller will train the employees of the Purchaser and
Purchaser’s licensee, Zurvita Holdings, Inc. (“Zurvita”), to manage the Software
platform, along with all relevant functions which allow the Purchaser and/or
Zurvita to sell ads and manage the entire Software platform and processes
independently while working out of the Seller’s main offices.  If the
Transition requirements are not satisfied or the Company breaches its
obligations under Section 4.6(e) of the Stock Purchase Agreement dated October
9, 2009 between the Company and Zurvita, this Agreement will be deemed null and
void.

    

    8.2           Reserved.

    

    8.3           Compliance with
Conditions.  The parties hereto shall use their best efforts to
cause the Closing to be consummated and to cause the execution and delivery of
the documents referred to in Section 4 hereof and to bring about the
satisfaction of the conditions to the obligations of the parties hereto set
forth herein.

    

    8.4           Update of
Exhibits.  From and after the date hereof and up to the Closing
Date, the parties hereto shall update the exhibits to this Agreement to the
extent necessary to make such exhibits true and accurate as of the Closing Date
and shall deliver copies of such updated exhibits to Purchaser or Seller, as the
case may be, immediately upon their preparation.

    

    8.5           Consents.  From
and after the date hereof, the parties hereto shall use their best efforts to
obtain all of the certificates, authorizations, consents or approvals required
as set forth herein.  Evidence of such certificates, authorizations,
consents or approvals shall be delivered to Purchaser or Seller, as the case may
be, on or prior to the Closing.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    8.6          Business
Practices.  From and after the date hereof, Seller shall
continue to run the business of Seller in a manner consistent with past business
practices including the satisfaction of all of its then current obligations to
ensure a smooth and timely transition as noted in 8.1 above.

    

    9.           Indemnifications
by Seller and Purchaser.

    

    9.1          Indemnification by
Seller.  Seller shall indemnify and hold harmless Purchaser and
shall reimburse Purchaser, for any loss, liability, claim, damage, expense
(including, without limitation, costs of investigation and defense and
reasonable attorney's fees) or diminution of value (collectively, "Damages")
arising from or in connection with:

    

    (a)           any
inaccuracy in any of the representations and warranties of Seller in this
Agreement or in any certificate delivered by Seller pursuant to this Agreement,
or any actions, omissions or state of facts inconsistent with any such
representation or warranty (for purposes of this clause (a), each schedule and
exhibit to this Agreement shall be deemed a representation and
warranty);

    

    (b)           any
failure by Seller to perform or comply with any agreement made by it under this
Agreement;

    

    (c)           any
operations or business conducted, commitment made, service rendered or condition
existing or any action taken or omitted by or on behalf of Seller, except for
any claims for which Purchaser is required to indemnify Seller pursuant to this
Agreement;

    

    (d)           any
claim by any person for brokerage or finder's fees or commissions or similar
payments based upon any agreement or understanding alleged to have been made by
any such person with Seller (or any person acting on its behalf) in connection
with any of the transactions contemplated herein; and

    

    (e)           Seller's
failure to comply with the "Bulk Sales Laws" under the Uniform Commercial
Code;

    

    provided, however, that (i)
Seller shall have no obligation to indemnify Purchaser for Damages until the
aggregate Damages exceed $20,000 and, in such event, for the full amount of such
Damages, (ii) Seller' aggregate liability for Damages shall in no event exceed
the Purchase Consideration, and (iii) Seller shall have no obligation to
indemnify Purchaser for any claims made by Purchaser after eighteen (24) months
after the Closing Date.

    

    9.2          Indemnification by
Purchaser.  Purchaser shall indemnify and hold harmless Seller,
and shall reimburse Seller, for any Damages arising from or in connection
with:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (a)           any
inaccuracy in any of the representations and warranties of Purchaser in this
Agreement or in any certificate delivered by Purchaser pursuant to this
Agreement, or any actions, omissions or state of facts inconsistent with any
such representation or warranty (for purposes of this clause (a), each schedule
and exhibit to this Agreement shall be deemed a representation and
warranty);

    

    (b)           any
failure by Purchaser to perform or comply with any agreement made by it under
this Agreement;

    

    (c)           any
claim by any person for brokerage or finder's fees or commissions or similar
payments based upon any agreement or understanding alleged to have been made by
such person with Purchaser (or any person acting on its behalf, regardless of
whether such person purported to act on behalf of Seller) in connection with any
of the transactions contemplated in this Agreement; and

    

    (d)           obligations
with respect to any product liability associated with the Asset for the period
after the Closing Date; provided, however, that (i)
Purchaser shall have no obligation to indemnify Seller for Damages until the
aggregate Damages exceed $20,000, each and, in such event, for the full amount
of such Damages, (ii) Purchaser's aggregate liability for Damages shall in no
event exceed the Purchase consideration, and (iii) Purchaser shall have no
obligation to indemnify Seller for any claims made by the Seller under this
Agreement after eighteen (18) months after the Closing Date.

    

    9.3          Reserved.

    

    9.4          Procedure for
Indemnification.  Promptly after receipt by an indemnified
party under Section 9.1or 9.2 hereof of notice of the commencement of any action
or assertion of any claim, such indemnified party shall, if a claim in respect
thereof is to be made against an indemnifying party under such Section, give
notice to the indemnifying party of the commencement or assertion thereof, but
the failure so to notify the indemnifying party shall not relieve it of any
liability that it may have to any indemnified party except to the extent the
indemnifying party demonstrates that the defense of such action is materially
prejudiced thereby.  If any such action shall be brought against an
indemnified party and it shall give notice to the indemnifying party of the
commencement thereof, the indemnifying party shall be entitled to participate
therein and, to the extent that it shall wish, to assume the defense thereof
with counsel satisfactory to such indemnified party and, after notice from the
indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party shall not be liable to such indemnified
party under such Section for any fees of other counsel or any other expenses, in
each case subsequently incurred by such indemnified party in connection with the
defense thereof, other than reasonable costs of investigation.  If an
indemnifying party assumes the defense of such an action:

    

    (a)           no
compromise or settlement thereof may be effected by the indemnifying party
without the indemnified party's consent which shall not be unreasonably withheld
unless (i) there is no finding or admission of any violation of law or any
violation of the rights of any person and no effect on any other claims that may
be made against the indemnified party and (ii) the sole relief provided is
monetary damages that are paid in full by the indemnifying party;
and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b)           the
indemnifying party shall have no liability with respect to any compromise or
settlement thereof effected without its consent.  If notice is given
to an indemnifying party of the commencement of any action and it does not,
within ten (10) business days after the indemnified party's notice is given,
give notice to the indemnified party of its election to assume the defense
thereof, the indemnifying party shall be bound by any determination made in such
action or any compromise or settlement thereof effected by the indemnified
party.  Notwithstanding the foregoing, if an indemnified party
determines in good faith that there is a reasonable probability that an action
may materially and adversely affect it or its affiliates other than as a result
of monetary damages, such indemnified party may, by notice to the indemnifying
party, assume the exclusive right to defend, compromise or settle such action at
its cost or expense, but the indemnifying party shall not be bound by any
determination of an action so defended or any compromise or settlement thereof
effected without its consent (which shall not be unreasonably
withheld).

    

    10.         Miscellaneous.

    

    10.1        License.   The
Parties hereto hereby agree in good faith to engage in the future negotiations
of a license agreement whereby the Licensor may license the Asset to Licensee
pursuant to mutually agreed upon terms and
conditions.  Notwithstanding the foregoing, the failure of the Parties
to enter into such license agreement shall not be considered a breach of either
Party’s respective obligations under this Agreement.

    

    10.2        Bulk Sales
Laws:  The Parties hereto hereby agree to waive compliance with
"Bulk Sales Laws" under the Uniform Commercial Code and the related notice
provisions thereof.

    

    10.3        Survival.  All
representations, warranties and agreements contained in this Agreement or in any
certificate delivered pursuant to this Agreement shall survive eighteen (24)
months after Closing.

    

    10.4        Waivers and
Amendments.

    

    (a)           This
Agreement may be amended, modified or supplemented only by a written instrument
executed by the parties hereto.  The provisions of this Agreement may
be waived only by an instrument in writing executed by the party granting the
waiver.  No action taken pursuant to this Agreement, including without
limitation, any investigation by or on behalf of any party, shall be deemed to
constitute a waiver by the party taking such action of compliance with any
representation, warranty, covenant or agreement contained herein.  The
waiver by any party hereto of a breach of any provision of this Agreement shall
not operate or be construed as a further or continuing waiver of such breach or
as a waiver of any other or subsequent breach.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           No
failure on the part of any party to exercise, and no delay in exercising any
right, power or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of such right, power or remedy by such party
preclude any other or further exercise thereof or the exercise of any other
right, power or remedy.  All remedies hereunder are cumulative and are
not exclusive of any other remedies provided by law.

    

    10.5        Fees and
Expenses.  The Seller shall be responsible for all fees and
expenses incurred in connection with this transaction.

    

    10.6        Notices.  All
notices, requests, demands and other communications that are required or may be
given under this Agreement shall be in writing and shall be deemed to have been
duly given or made:  if by hand, immediately upon delivery; if by
telex, telecopier, telegram or similar electronic device, immediately upon
sending, provided it is sent on a business day, but if not, then immediately
upon the beginning of the first business day after being sent; if by Federal
Express, Express Mail or any other overnight delivery service, on the first
business day after dispatch; if by registered or certified mail, return receipt
requested, upon receipt by the addressee.  All notices, requests and
demands are to be given or made to the parties at the following addresses (or to
such other address as either party may designate by notice in accordance with
the provisions of this paragraph):

    

    
      
        
          
            
              	
                      If to Company:

                    	
                      Beyond
      Commerce, Inc.

                    
	 
      	
                      9029
      South Pecos, Suite 2800

                    
	 
      	
                      Henderson,
      NV 89074

                    
	 
      	
                      Telephone:702.463.7000

                    
	 
      	
                      Facsimile:702.463.7007

                    
	 
      	 
      
	
                      If to
    Sub:

                    	
                      LocalAdLink,
      Inc.

                    
	 
      	
                      9029
      South Pecos, Suite 2800

                    
	 
      	
                      Henderson,
      NV 89074

                    
	 
      	
                      Telephone:702.463.7000

                    
	 
      	
                      Facsimile:702.463.7007

                    
	 
      	 
      
	
                      If to Purchaser:

                    	
                      OmniReliant
      Holdings, Inc.

                    
	 
      	
                      14375
      Myerlake Circle

                    
	 
      	
                      Clearwater,
      FL 33760

                    
	 
      	
                      Telephone:
      727.230.1031

                    
	 
      	
                      Facsimile:
      727.230.1032

                    

            

          

        

      

    

    

    10.7        Entire
Agreement.  This Agreement and the schedules and exhibits
hereto set forth the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof and supersede any prior
negotiations, agreements, letters of intent, understandings or arrangements
between the parties hereto with respect to the subject matter
hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.8        Binding Effect, Benefits,
Construction.  This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective
successors.  Nothing in this Agreement, expressed or implied, is
intended to confer on any person other than the parties hereto, or their
respective successors, any rights, remedies, obligations or liabilities under or
by reason of this Agreement.

    

    10.9        Non-Assignability.  This
Agreement and any rights pursuant hereto shall not be assignable by any party
hereto without the prior written consent of the other party.

    

    10.10      Counsel.  Each
Party acknowledges that it has been advised by competent and independent legal
counsel of their own choosing in connection with the execution of this
Agreement, that it understands their rights and obligations hereunder, and that
it is entering into this Agreement of its own free will.  Each Party
agrees to bear its own costs and attorneys’ fees which have been or may be
incurred in connection with the negotiation and consummation of this Agreement
or any action to enforce the provisions of this Agreement

    

    10.11      Applicable
Law, Venue, Jurisdiction.  This Agreement shall be
governed by, and construed in accordance with, the internal laws of the State of
New York without regard to the choice of law principles thereof.  Each
of the parties hereto irrevocably submits to the exclusive jurisdiction of the
courts of the State of New York, County of New York for the purpose of any suit,
action, proceeding or judgment relating to or arising out of this Agreement and
the transactions contemplated hereby.  Service of process in
connection with any such suit, action or proceeding may be served on each party
hereto anywhere in the world by the same methods as are specified for the giving
of notices under this Agreement.  Each of the parties hereto
irrevocably consents to the jurisdiction of any such court in any such suit,
action or proceeding and to the laying of venue in such court.  Each
party hereto irrevocably waives any objection to the laying of venue of any such
suit, action or proceeding brought in such courts and irrevocably waives any
claim that any such suit, action or proceeding brought in any such court has
been brought in an inconvenient forum. EACH OF THE PARTIES
HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH
RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED
SPECIFICALLY AS TO THIS WAIVER.

     

    .           10.11      Section and Other
Headings.  The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.

    

    10.12      Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN WITNESS WHEREOF, Purchaser
and Seller have caused this Agreement to be signed by their duly authorized
respective officers all as of the date first written above.

    

    
      
        
          
            
              
                
                  
                    
                      	
                              COMPANY:

                            	
                              BEYOND
      COMMERCE, INC.

                            
	 
      	
                              A
      Nevada Corporation

                            
	 
      	 
      	 
      
	 
      	
                              By:

                            	 
      
	 
      	
                              Name:
      Mark Noffke

                            
	 
      	
                              Title:
      Chief Financial Officer

                            
	 
      	 
      	 
      
	
                              SUB:

                            	
                              LOCALADLINK,
      INC.

                            
	 
      	
                              A
      Nevada Corporation

                            
	 
      	 
      	 
      
	 
      	
                              By:

                            	 
      
	 
      	
                              Name:
      Mark Noffke

                            
	 
      	
                              Title:
      Chief Financial Officer

                            
	 
      	 
      	 
      
	
                              PURCHASER:

                            	
                              OMNIRELIANT
      HOLDINGS, INC.

                            
	 
      	
                              A
      Nevada Corporation

                            
	 
      	 
      	 
      
	 
      	
                              By:

                            	 
      
	 
      	
                              Name:
      Paul Morrison

                            
	 
      	
                              Title:  Chief
      Executive
Officer

                            

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      Schedule 2.1 The Purchase
Consideration

    

    

    SURRENDERED
DEBENTURES

    
      	
               
      

            	
              1.

            	
              Debenture
      dated June 29, 2009- Face value of
$583,330

            

    

    
      	
               
      

            	
              2.

            	
              Debenture
      dated July 2, 2009- Face value of
$583,330

            

    

    
      	
               
      

            	
              3.

            	
              Debenture
      dated July 10, 2009- Face value of
$583,330

            

    

    
      	
               
      

            	
              4.

            	
              Debenture
      dated July 21, 2009- Face value of
$1,750,010

            

    

    
      	
               
      

            	
              5.

            	
              Debenture
      dated July 30, 2009- Face value $641,663- reduce to Face Value of
      $141,663

            

    

    SURRENDERED
WARRANTS

    
      	
               
      

            	
              1.

            	
              Warrant
      issued June 29, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
               
      

            	
              2.

            	
              Warrant
      issued July 2, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
               
      

            	
              3.

            	
              Warrant
      issued July 10, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
               
      

            	
              4.

            	
              Warrant
      issued July 21, 2009 to purchase 7,500,042 shares of common
      stock

            

    

    
      	
               
      

            	
              5.

            	
              Warrant
      issued July 30, 2009 to purchase 2,750,000 shares of common
      stock

            

    

    
      	
               
      

            	
              6.

            	
              Warrant
      issued August 11, 2009 to purchase 1,250,000 shares of common stock
      reduced to right to purchase 678,963 shares of common
  stock

            

    

    

    Schedule 5.8 Intellectual
Property

    ByDesign

    iCentris

    CRM

    RackSpace

    Search
Boost

    RightNow
Technologies

    LasVegas.net

    LocalAdLink

    

    Schedule 5.12 Material
Adverse Changes

    Seller
has not been able to pay commissions to its reps, but the Asset still is
functional in its entirety.

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