Document:

ADDENDUM TO SHARE EXCHANGE AGREEMENT

 

This ADDENDUM TO
THE SHARE EXCHANGE AGREEMENT (the "Addendum") dated this 18th day of March, 2014 is made
by and among Canna-Life Corporation, a Colorado corporation (“Canna-Life”), and the shareholders of Canna-Life
(the “Canna-Life Shareholders”), and Mountain High Acquisitions Corp., formerly known as Wireless Attachments,
Inc., a Colorado corporation (the “Company”), and the controlling stockholders of the Company (the “Company
Controlling Stockholders”). Canna-Life, the Canna-Life Shareholders, the Company, and the Company Controlling Stockholders
are sometimes referred to herein individually as a “Party” or collectively as the “Parties”.

 

RECITALS

 

WHEREAS,
on March 6, 2014, the Parties entered into an agreement pursuant to which: (i) the Company acquired 8,096,000 (100%) shares of
common stock of Canna-Life from the Canna-Life Shareholders (the “Canna-Life Shares”) and in exchange issued 8,096,000
restricted shares of its common stock to the Canna-Life Shareholders (the “Company Shares”); and (ii) Canna-Life became
a wholly-owned subsidiary of the Company (the “Share Exchange Agreement”).

 

WHEREAS,
by entering into this Addendum, the Parties mutually agree that the Share Exchange Agreement shall be amended to correct a clerical
error in the number of Company Shares and Canna-Life Shares disclosed. The true and correct number of Canna-Life Shares issued
and outstanding as of the effective date of the Share Exchange Agreement and acquired by the Company from the Canna-Life Shareholders
was 8,104,000, and the true and correct number of Company Shares issued to Canna-Life Shareholders in exchange was 8,104,000.

 

WHEREAS,
pursuant to Section 3.4 of the Share Exchange Agreement, Canna-Life represented that it was a party to certain letters of intent
that would enable Canna-Life to acquire certain properties in Colorado, as disclosed in the Share Exchange Agreement (the “Letters
of Intent”).

 

WHEREAS,
by entering into this Addendum, the Parties mutually agree that Section 3.4 of the Share Exchange Agreement shall be amended to
include the terms of certain addendums to the Letters of Intent.

 

WHEREAS,
pursuant to the Share Exchange Agreement, the shareholders of record of Canna-Life were composed of those certain shareholders
set forth in Schedule I of the Share Exchange Agreement.

 

WHEREAS,
by entering into this Addendum, the Parties mutually agree that the true and correct shareholders of record of Canna-Life are those
certain shareholders set forth in Schedule I of this Addendum and that Schedule I of the Share Exchange Agreement is hereby revoked,
repealed, and replaced in its entirety.

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants, agreements, and considerations herein contained and set forth in this
Addendum, which consideration the Parties hereby acknowledge and confirm the sufficiency thereof, the Parties hereto agree as follows:

 

1. Recitals. The
Parties acknowledge that the Recitals set forth above are true and correct and are incorporated herein by reference.

2. Amendment to Share
Exchange Agreement; Correction to the Number of Company Shares and Canna-Life Shares.

Section
1.7 (A). The Parties have agreed that Section 1.7 (A) of the Share Exchange Agreement is hereby revoked, repealed, and
replaced in its entirety with the following:

 

“A.Canna-Life
and Wireless Attachments have selected Globex Transfer LLC (the “Exchange Agent”) for the issuance and delivery of
the Wireless Attachments Shares to the Canna-Life Shareholders. At Closing, Wireless Attachments shall reserve such number of Wireless
Attachments Common Stock to satisfy the issuance of the Wireless Attachments Shares, and shall cause to be provided to the Exchange
Agent at the Closing, a duly signed Directors Resolution authorizing the issuance of the shares of Wireless Attachments Common
Stock to the Canna-Life Shareholders pursuant to this Agreement. Each issued and outstanding share of common stock of Canna-Life
shall be converted into the right to receive a pro rata portion of the Wireless Attachments Shares, as described in this Agreement,
consisting of 8,104,000 shares of Common Stock of Wireless Attachments, rounded up to the next whole share.”

 

Section 3.2.
The Parties have agreed that Section 3.2 of the Share Exchange Agreement is hereby revoked, repealed, and replaced in its
entirety with the following:

 

“Section
3.2 Capitalization of Canna-Life. The authorized capital stock of Canna-Life consists of: (i) 100,000,000 shares authorized
as common stock, par value $0.001, of which 8,104,000 shares of common stock are issued and outstanding immediately prior to this
Share Exchange; and (ii) 5,000,000 shares authorized as preferred stock, par value $0.001, of which 0 shares of preferred stock
are issued and outstanding immediately prior to this Share Exchange.” 

 

3. Amendment to Share
Exchange Agreement; Additions to Section 3.4. The Parties have agreed that Section 3.4 of the Share Exchange Agreement
shall be amended to include the terms of certain addendums to the Letters of Intent. In addition to the terms of Section 3.4
as originally set forth in the Share Exchange Agreement, Section 3.4 shall also contain the following language:

“On
March 1, 2014, Canna-Life, URSource Holdings, Inc. (“URSource”).and New Alternatives Consulting LLC (“NAC”),
entered into an Addendum to the Madison Letter Agreement (the “Madison Addendum”) pursuant to which: (i) NAC is deemed
to be the seller of the interests in the Madison St. Property; (ii) the closing of the acquisition of the interests in the Madison
St. Property is extended to a future date to be agreed upon by the parties; and (iii) NAC assumes all of URSource’s rights
and obligations under the Madison Letter Agreement.

 

On March
1, 2014, Canna-Life, URSource and NAC entered into an Addendum to the Isabelle Letter Agreement (the “Isabelle Addendum”)
pursuant to which: (i) NAC is deemed to be the seller of the interests in the Isabelle Property; (ii) the closing of the acquisition
of the interests in the Isabelle Property is extended to a future date to be agreed upon by the parties; and (iii) NAC assumes
all of URSource’s rights and obligations under the Isabelle Letter Agreement.

 

On March
1, 2014, Canna-Life, URSource and NAC entered into an Addendum to the Pueblo Letter Agreement (the “Pueblo Addendum”)
pursuant to which: (i) NAC is deemed to be the seller of the interests in the Pueblo Property; (ii) the closing of the acquisition
of the interests in the Pueblo Property is extended to a future date to be agreed upon by the parties; and (iii) NAC assumes all
of URSource’s rights and obligations under the Pueblo Letter Agreement.”

 

4.  Amendment to Share
Exchange Agreement; Replacement of Schedule I. The Parties have agreed that Schedule I of the Share Exchange Agreement is
hereby revoked, repealed, and replaced in its entirety with the provisions of Schedule I of this Addendum. Each reference in
the Share Exchange Agreement to the “Canna-Life Shareholders,” “the shareholders of Canna-Life,” or
words of like import shall mean and be a reference to those shareholders set forth in the Schedule I of this Addendum.

5. Reconfirmation of
the Share Exchange Agreement. The Parties hereby reaffirm all terms, conditions, covenants, representations and
warranties made in the Share Exchange Agreement, to the extent the same are not amended hereby.

6. Effect of
Addendum. Upon the effectiveness of this Addendum, each reference in the Share Exchange Agreement to
“Agreement,” “Share Exchange Agreement,” “hereunder,” “hereof,”
“herein” or words of like import shall mean and be a reference to such Share Exchange Agreement as modified or
waived hereby.

7. Share Exchange
Agreement to Continue in Full Force and Effect. Except as specifically modified herein, the Share Exchange Agreement and
the terms and conditions thereof shall remain in full force and effect.

8. Effect of Facsimile
and Photocopied Signatures. This Addendum may be executed in several counterparts, each of which is an original. It shall
not be necessary in making proof of this Addendum or any counterpart hereof to produce or account for any of the other
counterparts. A copy of this Addendum signed by one Party and faxed to another Party shall be deemed to have been executed
and delivered by the signing Party as though an original. A photocopy of this Addendum shall be effective as an original for
all purposes.

 

 

[REMAINDER OF THE PAGE INTENTIONALLY
LEFT BLANK;

PLEASE SEE FOLLOWING PAGE FOR
SIGNATURE]

    	 

    	 

    

 

SIGNATURE

IN WITNESS WHEREOF, the Parties
hereto have caused this ADDENDUM TO THE SHARE EXCHANGE AGREEMENT to be executed as though executed as of the date first written
above.

 

 

 

MOUNTAIN HIGH ACQUISITIONS CORPORATION,

FORMERLY KNOWN AS WIRELESS
ATTACHMENTS, INC. 

(“COMPANY”)

 

 

 

/s/ Alan Smith

Name: Alan Smith

Title: Chief Executive Officer

 

 

 

COMPANY CONTROLLING STOCKHOLDERS

 

 

/s/ Alan Smith

Name: Alan Smith

Percentage of Control of Mountain High
Acquisitions Corp.: 92.816%

 

 

 

CANNA-LIFE CORPORATION 

(“CANNA-LIFE”)

 

 

/s/ Alan Smith

Name: Alan Smith

Title: Chief Executive Officer

 

 

    	 

    	 

    

 

ADDENDUM SCHEDULE I

CANNA-LIFE
SHAREHOLDERS

 

	NAME	
        CANNA-LIFE

        SHARES HELD
	WIRELESS ATTACHMENTS SHARES TO BE ISSUED
	Alan Smith	7,500,000	7,500,000
	Lisa Goldberg	10,000	10,000
	Mark Timm	30,000	30,000
	2BTimms, LLC	18,000	18,000
	Aftab and Asma Saleem	15,000	15,000
	J. Felix Campos	10,000	10,000
	Alan and Susan Berger	10,000	10,000
	Shaheed and Sofia Khan	10,000	10,000
	Evelina Lekster	10,000	10,000
	Ted WenGrofsky	10,000	10,000
	William J. Albert	10,000	10,000
	Assad S. Mirza	12,000	12,000
	Jason and Shoshana Feuer	15,000	15,000
	Ashley Goldstein	15,000	15,000
	Rosa Golish	15,000	15,000
	NuView IRA Inc. FBO James Wagy	20,000	20,000
	Barry and Dana Schechter	35,000	35,000
	Karl T. Lunney	15,000	15,000
	Joetey Attariwala	10,000	10,000
	Bert & Associates, Inc.	10,000	10,000
	Ryan Kuhlman	10,000	10,000
	The Four 9's Group, LLC (Livshin)	30,000	30,000
	Anish Dave	8,000	8,000
	Pitam Inc.	10,000	10,000
	Gurinder Guiliani	10,000	10,000
	Henry Pedraza	25,000	25,000
	John Piscopo	6,000	6,000
	K. Barbara Virk	12,500	12,500
	Tavinder S. Malhotra	12,500	12,500
	Benjamin L Henschel	50,000	50,000
	Daniel A. Calitri	20,000	20,000
	Mohanjit Dhoot	20,000	20,000
	Zenmark Limited	50,000	50,000
	Vir Sennik	10,000	10,000
	1869521 Ontario Inc.	25,000	25,000
	Mawlood Hermiz	25,000	25,000
	TOTALS	8,104,000	8,104,000ex10-15.htm

EXHIBIT 10.15

 

 

 

March 10, 2014

GulfSlope Energy, Inc.

2500 CityWest Blvd, Suite 1800

Houston, Texas 77042

Attn: John Seitz

Re:           Definitive Farmout Agreement of Offshore Oil & Gas Prospects

Gentlemen:

GulfSlope Energy, Inc (“GSPE” or "Farmor") and Texas South Energy, Inc. ("Farmee") desire to enter into this binding letter agreement to form a Farm Out Agreement. The terms of this definitive Farm Out Agreement are as follows:

	
  

	
1.

	
The Farmee will acquire a 20% working interest (“Working Interest”) in each of the five prospects listed on Exhibit #1 or other prospects as mutually agreed and contemplated in paragraph 4 hereof (“Prospects”).

	
  

	
2.

	
The Farmee will pay Farmor $10 million to acquire a 20% Working Interest in each of the Prospects.

	
  

	
3.

	
The initial funding from the Farmee to the Farmor will be $2.5 million due immediately for the purposes described in Exhibit 1.  Upon high bid notice of leases covering five or more Prospects on or about March 19th, 2014, an additional $4 million will be delivered by Farmee to Farmor.  The balance of the $10 million purchase price will be paid by Farmee to Farmor on April 11th, 2014 (pursuant to the provisions of paragraph 4 below), unless such date is extended by the parties to a later date to match the Farmor’s lease payment schedule.  Notwithstanding any of the foregoing, in the event that Farmor is not the high bid on any prospect on or about March 19, 2014, Farmor will refund Farmee its initial funding at the earliest possible date.

	
  

	
4.

	
Upon acceptance of funds, GSPE shall prove ownership or reasonable expectation of ownership of the Prospects on or before March 21st in the form of a detailed list of the leases covered in Exhibit #1.  The Prospects and associated leases may be amended at the mutual agreement of both parties on or before August 1st, 2014 if the Farmor is unsuccessful in acquiring any of the Prospects covering the leases.  Failure of the Farmor to deliver a 20% Working Interest ownership to Farmee in the five Prospects (as identified in Exhibit #1 or as substituted as mutually agreed by the parties to include similar or greater prospectivity) as soon as practicable shall be cause to refund, at Farmee’s option, all payments paid to Farmor to date or a refund on a pro-rata basis, based on prospectivity.

	
  

	
5.

	
Assignment of Working Interest shall be made without warranty of title, either express or implied. However, Farmor shall warrant and represent that the 20% Working Interests in the Leases are free from all liens and encumbrances, production payments, overriding royalty interests or other lease burdens, other than the standard royalty due to the lessor.

	
  

	
6.

	
Farmee's only penalty for failure to pay, as provided for in this Agreement, shall be to forfeit its right to earn the full assignment as provided for herein.

	
  

	
7.

	
The Farmee agrees to pay net rental costs associated with their Working Interests as acquired by August 1, 2014.

	
  

	
8.

	
GSPE shall be the operator of record following this farm out.  GSPE may elect to sell future working interest on any terms at GSPE’s sole discretion, which may include operatorship of the leases owned by the parties.

	
  

	
9.

	
Farmee shall be subject to all future joint operating agreements as negotiated solely by GSPE without exception.

 

 

  

  

  

 

EXHIBIT 10.15

 

 

 

	 	 	

 

Regards,

Texas South Energy, Inc.

By: /s/ James Askew                                      

James Askew

Chairman & CEO

	 	 	 	 
	

AGREED TO AND ACCEPTED THIS 10th DAY

OF MARCH, 2014.

By:           /s/ Ronald A. Bain                                           

Ronald A. Bain

President & COO

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