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Exhibit 10.6    
    

 
 

ASSET PURCHASE AGREEMENT    
    

        THIS ASSET PURCHASE AGREEMENT (the "Agreement") is entered into this 16th day of May 2005 (the "Effective
Date"): 

BETWEEN:  

AMAZING TECHNOLOGIES CORP., a corporation duly incorporated under the laws of the State of Nevada, having offices at Suite 200, 23 Corporate Plaza,
Newport Beach, California 92660; 

("Amazing"
or the "Purchaser") 

AND:  

VERSIFI TECHNOLOGIES INC., a corporation duly incorporated under the laws of the State of California, having offices at 32 Journey, Suite150,
Aliso Viejo, CA 92656; 

("Versifi"
or the "Seller") 

(Sellers
along with Purchaser referred to herein as "our", "we", "us" the "Parties" or individually as each "Party" as the case may be). 

 
 

RECITALS    
    

        A.    Amazing
is engaged in the business of the acquisition of Real Time Solutions and Web Based Services that can be dynamically identified, located, accessed, compiled and
assembled in pre-specified configurations; 

        B.    Versifi
owns intellectual property which relates to the business of Amazing and in particular, patents and trademarks applicable to Content Management software, as well
as personalization and wireless technologies (the "Business"); 

        C.    The
Parties desire that Purchaser acquire and purchase from Sellers, and that Sellers sell, convey, transfer, and assign to Purchaser, all assets of Seller which relate
to the Business, as specifically set out herein. 

        D.    Versifi
desires to Liquidate the Trust Agreement created by the Adaptiveinfo Liquidating Trust Agreement (the "Trust Agreement") which was made by and between
AdaptiveInfo, Inc. ("Adaptive") and certain Shareholders and Trustees, identified in the Trust Agreement. (a true and correct copy of the Trust Agreement is attached hereto as
Exhibit "B") 

        NOW, THEREFORE, in consideration of the promises and of their mutual representations, warranties, covenants, agreements and conditions
contained in this Agreement, the Parties agree as follows: 

 
 

ARTICLE I.    
    
    DEFINITIONS AND INTERPRETATION    
    

 
 
        1.1    Defined Terms.     

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

        (a)   "Affiliate" means a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by
or is under common control with, a specified Person. The term "control" (including, with correlative meanings, the terms "controlled by" and "under common control with"), as applied to any Person,
means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or other
ownership interest, by contract or otherwise. 

 

        (b)   "Applicable Laws" shall mean any law, rule, regulation, order, judgment, or determination of any governmental authority,
or any restrictive covenant or deed restriction (recorded or otherwise) applicable to the Business. 

        (c)   "Assets" means all assets, properties, intellectual properties, privileges, rights, interests and claims, real and
personal, tangible and intangible, of every type and description that are owned, leased, held, used or useful in the Business in which Seller has any right, title, or interest or in which Seller
acquires any right, title, or interest on or before the Closing Date, as set out on Schedule "A" hereto. 

        (d)   "Business" means the operation and maintenance of assets owned by Seller. 

        (e)   "Business Day" means any day other than a Saturday, Sunday, or a day on which the banking institutions in Vancouver,
British Columbia, or New York, New York are required or authorized to be closed. 

        (f)    "Closing" means the closing of the transactions contemplated by this Agreement. 

        (g)   "Closing Date" means 11:59 p.m. on the day on which the Closing occurs. 

        (h)   "Code" means the Internal Revenue Code of 1986, as amended. 

        (i)    "Consent" means any authorization, consent, approval, permit, or license of, or filing with, any governmental or public
body or authority, any lender, franchisor, or any other person or entity. 

        (j)    "Contracts" means any contract or agreement relative to the Business or entered into and material to the obligations or
benefits of the Seller. 

        (k)   "Damages" means losses, claims, obligations, demands, assessments, penalties, liabilities, costs, damages, interest, and
expenses (including attorneys' fees and costs). 

        (l)    "Encumbrances" means all liabilities, obligations, claims, use and occupancy rights, options, pledges, mortgages,
security interests, liens, charges, burdens, and encumbrances, other than the rights of third parties under Contracts to grant or withhold their consent to the transfer of such assets to Purchaser. 

        (m)  "Governmental Entity" means any government or any agency, bureau, board, commission, court, department, official,
political subdivision, tribunal, or other instrumentality of any government, whether federal, state or local, domestic or foreign. 

        (n)   "Intangibles" means all intangible assets other than Licenses and Contracts, including claims owned, used, or held for
use in the Business. 

        (o)   "Knowledge", when used herein with respect to Seller, means the actual knowledge of Seller without independent
investigation or inquiry. 

        (p)   "Licenses" means all licenses, permits, consents and authorizations issued by any Governmental Entity to Seller in
connection with the Business. 

        (q)   "Litigation" means any pending, instituted, or threatened legal action or administrative proceeding or investigation. 

        (r)   "Order" means any continuing court or administrative order, judgment, writ, injunction, or decree applicable specifically
to Seller, the Business, or the Assets. 

        (s)   "Permitted Encumbrance" means any (a) Encumbrance securing Taxes, assessments and governmental charges not yet due
and payable, (b) zoning law or ordinance or any similar law, rule, regulation, or requirement of any Governmental Entity, (c) right reserved to any Governmental Entity to regulate the
affected property, and (d) as to Owned Property and 

2

 

Easements,
any Encumbrance that does not individually or in the aggregate interfere with the right or ability to own, use, or operate the Owned Property or Easement as they are being used or operated
or to convey title to the same; provided that "Permitted Encumbrance" will not include any Encumbrance securing a debt or claim (other than inchoate
material men's, mechanics', workmen's, repairmen's, or other like Encumbrances arising in the ordinary course of business, or any Encumbrance described in clause (e)(ii) above) or any
Encumbrance that could prevent or impair in any way the marketability of the Real Property or the conduct of the Business as it is currently being conducted. 

        (t)    "Person" means an association, a corporation, an individual, a partnership, a limited liability company, a trust, or any
other entity or organization, including a Governmental Entity. 

        (u)   "Personal Property" means all tangible personal property used or necessary for the conduct of the Business. 

        (v)   "Taxes" means all federal, state, local, foreign, and other net income, gross income, gross receipts, sales, use, ad
valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, windfall profits, customs,
duties, or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest
and any penalties, additions to tax or additional amounts with respect thereto, and the term "Tax" means any one of the foregoing Taxes. The term
"Tax Returns" means all returns, declarations, reports, statements and other documents required to be filed in respect of Taxes, and the term
"Tax Return" means any one of the foregoing Tax Returns. 

        (w)  "Transaction Documents" means all of the documents executed by the Parties in connection with the consummation of the
transactions contemplated by this Agreement. 

 
 

          1.2    Other Definitions.     The following terms are defined in the Sections or Recitals indicated:

	Term
 
	 	Section or Recital

	Agreement	 	First Paragraph
	Assumed Liabilities	 	3.1
	GAAP	 	1.3
	Purchase Price	 	4.1

 
 

           1.3    Accounting Terms.     All accounting terms not otherwise defined in this Agreement will have the
meanings ascribed to them under generally acceptable accounting principles
("GAAP") as in effect from time to time in the United States. 

 
 

ARTICLE II.    
    
    PURCHASE AND SALE OF ASSETS    
    

 
 
        2.1    Purchased Assets.     Subject to the terms and conditions of this Agreement, effective as of the sale date,
Sellers shall sell, convey, transfer, assign, and deliver to Purchaser, free
and clear of all Liens except permitted Liens, and Purchaser shall purchase, all rights, title, and interest in and to all of the assets of Sellers, including but not limited to the following
(collectively, the "Purchased Assets"): 

 
 

           (a)    Inventory.     All inventories in anyway related to or used in the Business (other than any Excluded
Inventory), (collectively, the
"Inventory"). 

 
 

           (b)    Tangible Personal Property.     All tangible personal property in anyway related to or used in the
Business, wherever located, including, but not limited to, all machinery, equipment, test
equipment, and computers. 

3

 

 
 

           (c)    Warranty Rights.     All of the Business' rights in, to and under third-party manufactures'
warranties. 

 
 

          (e)    Intellectual Property Rights.     The Transferred Intellectual Property Rights. 

 
 

           (f)    Equity Interests.     Any and all equity interests in the aforementioned assets. 

 
 

          (g)    Assumed Contracts.     The following Contracts and all rights of any kind relating thereto (the
"Assumed Contracts"). 

	•
	San
Diego Union Tribune retainer agreement

	•
	Los
Angeles Times (Tribune Corporation) co licensing agreement 

 
 

          (h)    Cash.     The sum of all prorated pre-paid accounts receivables received prior to the Sale Date for
services rendered on or after the Sale Date, and any and all
vendor deposits as of the Sale Date. 

 
 

           (i)    Trade and Copy Rights.     Any and all Versifi Technologies, Inc., Trade and Copy Rights.

 
 

          (j)    Accounts Receivables.     Any and all Accounts Receivables paid or that are due to be paid before and
after the Sale Date as defined by GAAP. 

 
 

           2.2    Retained Assets,     Sellers shall not sell, convey, transfer, assign, or deliver, and Purchaser
shall not purchase or acquire any of the following assets (collectively, the
"Retained Assets"). 

 
 

          (a)    Cash.     None 

 
 

           (b)    Receivables.     All accounts receivables, note receivables, and miscellaneous receivables of the
Business for services rendered prior to the Closing Date. 

 
 

          (c)    Retained Contracts.     None 

 
 

           (d)    Insurance Policies.     None 

 
 

           (e)    Tax Claims.     None 

 
 

          (f)    Claims.     Any claims relating to Versifi Technologies, Inc., which are not specifically set out
herein. 

 
 

           (g)    Certain Records.     None 

 
 

          (h)    Excluded Equity Interests.     Any equity interests not specifically noted herein. 

 
 

           (i)    Excluded Inventory.     None 

 
 

           (j)    Excluded Tangible Personal Property.     None 

 
 

          (k)    Excluded Real Property.     None 

 
 

           (l)    Excluded Contractual Rights or Claims.     None 

 
 

          (m)    Excluded Intellectual Property.     None 

 
 

           2.3    Deemed Consents and Cures.     For all purposes of this Agreement (including all representations and
warranties of Sellers contained herein), Sellers shall be deemed to have obtained all
required consents, as applicable, in respect of the assignment and transfer of any Purchased Asset and to have cured all accounts payable owed and all defaults prior to the Sale Date thereunder if,
and to the extent that, pursuant to the Sale Date, Sellers are authorized to assign any Purchased Assets to Purchaser. Purchaser and Seller have exchanged and reviewed each others' applicable board
and shareholder resolutions approving the contemplated assignments and transfers in the Agreement and after doing so are satisfied with the contents of such board and shareholder resolutions. 

4

 
 
 

ARTICLE III    
    
    ASSUMPTION OF LIABILITIES    
    

 
 
        3.1    Assumed Liabilities.     Upon the terms and subject to the conditions of this Agreement, Purchaser shall
assume, pay, perform and discharge when due, effective as of the Sale Date and
thereafter, any and all liabilities as set forth on Schedule "B" hereto (collectively "Assumed Liabilities"). 

        3.2   Purchaser
will, upon the Closing Date, assume the existing obligation of Versifi regarding the legal fees, administrative fees and other fees associated with, and
necessary to, the wind down, or termination, of the AdapativeInfo Liquidating Trust. Such wind down, or termination, and the fees associated therewith are made pursuant to Section 8 of the
Trust Agreement attached hereto as Exhibit "B". Additionally, on the Closing Date herein, the wind down and termination of the AdaptiveInfo Liquidating Trust, including the manner of, reasons
for and timing of the wind down and termination, has been agreed to by those who are, and were, party to the AdaptiveInfo Liquidating Trust, including those defined as "Trustees" or "Shareholders"
therein. 

        3.2.1   Purchaser's
assumption of the obligation referenced in section 3.2 above, i.e., Versifi's obligation regarding the legal fees, administrative fees
and other fees associated with, and necessary to, the wind down, or termination, of the AdapativeInfo Liquidating Trust, shall be limited to and not exceed fifteen thousand dollars ($15,000.00). 

        3.3   Purchaser
expressly does not assume the liability of any of Seller's tax, income or otherwise, whether Federal, State, Local, or other governmental entity or
subdivision, or whether past, present or future. As such, said tax is to remain the liability of Seller, unless otherwise expressly provided for herein. 

 
 

ARTICLE IV    
    
    CONSIDERATION    
    

 
 
        4.1    Purchase Price.     Subject to any deductions and prorations and upon the terms of this Agreement, in
consideration of the aforesaid sale, transfer, conveyance, and assignment, at
the Closing, the total consideration to be paid by the Purchaser and which shall be delivered or caused to be delivered to the Sellers in full payment for the Purchased Assets, the amount of 1,200,000
common shares, such shares to be issued under Regulation 144 of the Rules and Regulations of the United States Securities and Exchange Acts and to be subject to certain trade restrictions
thereto (the "Purchase Price"). 

        (a)   Purchaser
acknowledges that on the Closing Date the common shares of the Purchaser shall be trading at a minimum price of USD$1.00 per share (the "Minimum Price"). 

        (b)   If
the Purchaser's shares are not trading at a minimum price of $1.00 on the Closing Date, a condition to the Seller's obligation to closing the transaction shall be the
Purchaser's closing on a fund raising of a minimum of $750,000 USD of an anticipated $1,350,000 USD initial financing. 

        (c)   Seller
has acquired the consent and agreement of all of its existing shareholders to hold its shares, i.e., those provided for in
Section 4.1, herein, for a minimum of twelve (12) months from the Closing Date at which time, such Amazing shares may be unrestricted. The purpose and intent of
requiring the Seller's shareholders to hold the restricted Amazing shares for a minimum of twelve (12) months (i.e., without selling the Amazing shares) provided for in Section 4.1,
herein, is that at the time of the Closing Date, it will be difficult to value the Amazing shares provided for in Section 4.1, herein, since such shares are, and will be, restricted
(Section 144 stock) in a "pinksheet" company. 

5

 

        (d)   All
parties agree that if in twelve (12) months from the Closing Date, herein, the Amazing shares become unrestricted, there is a likelihood that the Amazing
shares could be valued more objectively. As such, the expiration of the twelve (12) month holding period, should establish a better occasion to value the Amazing shares and thus a more superior
opportunity to wind down, or terminate, the AdaptiveInfo Liquidating Trust, under Section 3.2, herein, and proportionately distribute the Amazing shares under Section 4.1, herein, than
at the Closing Date, herein. 

        (e)   Purchaser
also agrees to grant 'piggyback registration rights' (i.e. the filing process a company performs in accordance
with Securities and Exchange Commission ("SEC") regulations prior to offering a new issue to the public, enabling the SEC to confirm that the issue meets all regulatory requirements), if Purchaser
completes a financing of at least ten million dollars ($10,000,000.00) involving the issuance of registered securities. As such, permitting Seller's shareholders the piggyback registration will allow
the shareholders of the restricted common shares in Amazing to have their Amazing shares registered with the SEC. 

        (f)    In
addition to the Purchase Price, Seller shall have the right to appoint one director to serve on the Purchaser's board of directors. 

 
 

           4.2    Adjustments to Purchase Price.     The Purchase Price will be adjusted as follows: 

        (a)   Adjustments
on a pro rata basis as of the Closing Date will be made for all prepaid expenses, accrued expenses (including real and personal property taxes), prepaid
income, rental and customer prepayments, and accounts receivable related to the Business, all as determined in accordance with GAAP consistently applied, and to reflect the principle that all expenses
and income attributable to the Business for the period prior to the Closing Date are for the account of Seller, and all expenses and income attributable to the Business for the period on and after the
Closing Date are for the account of the Purchaser. 

        (b)   All
advance payments to, or funds of third parties on deposit with, Seller as of the Closing Date, relating to the Business, including advance payments and deposits by
customers served by the Business, shall be assumed by the Purchaser and credited to the account of the Purchaser. 

 
 

ARTICLE V.    
    
    REPRESENTATIONS AND WARRANTIES OF SELLER:    
    

        Seller hereby represents and warrants to Purchaser 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 California, with all requisite powers and authority
to carry on the Business as it is currently conducted and to own its properties as they are currently owned. 

 
 

           5.2    Authorization; No Conflicts.     The execution, delivery, and performance of this Agreement by Seller
has been, or by the Closing Date will have been, duly and validly authorized by all necessary
corporate action on the part of Seller. This Agreement has been duly executed and delivered by Seller and constitutes the legally valid and binding obligation of Seller, enforceable against Seller in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws and equitable principles relating to or limiting
creditors' rights generally. The execution, delivery and performance of this Agreement by Seller will not (a) violate in any material respect any Applicable Law, (b) violate or
constitute a breach or default (whether upon notice or lapse of time or both, and/or the occurrence of any act or event or otherwise) under, the charter documents or bylaws of Seller or any contracts
to which Seller is a party that would impair the ability of Seller in any way to perform its obligations under this Agreement, or (c) result in the imposition of any Encumbrance upon any of the
Assets. 

6

  

 
 

           5.3    Title; Assets; Operation of the Business.     Except for Encumbrances that will be paid in full at
Closing and Permitted Encumbrances, the Assets are, and will be transferred to Purchaser, free and clear of
all Encumbrances. Seller has good and marketable title to the Assets. The Assets and the Intellectual Property are the only assets necessary to conduct the Business as presently conducted. Seller has
complied in all material respects with all Applicable Laws in the operation of the Business. 

 
 

           5.4    Contracts and Licenses.     Except for the permitted encumbrances, Seller is not bound or affected by
any of the following that relate to the Business or the Assets: (i) loan
agreement, mortgage, deed of trust, or other security agreement, which will not be satisfied prior to the Closing; (ii) guaranty or indemnification agreement; (iii) contract to purchase
or sell the Assets; (iv) franchise, distributorship, or other similar agreement; (v) lease of real or personal property; (vi) non-competition covenant;
(vii) option or right of first refusal; or (viii) any other agreement or commitment that would have a material adverse effect on the use and operation of the Assets or the Business. True
and complete copies of all written Contracts and Licenses, and accurate written descriptions of all oral Contracts and Licenses, have been provided to Purchaser. There are no existing material
defaults with respect to the Contracts, Licenses and Intellectual Property. 

 
 

           5.5    Taxes.     With respect to the Business: 

        (a)   Seller
has duly filed all Tax Returns required to be filed under U.S. federal, state, local, and foreign laws, and all of such Tax Returns are true, correct and
complete. 

        (b)   Seller
has timely paid all Taxes due and payable or claimed to be due and payable by any taxing authority. 

        (c)   The
amounts of Taxes withheld by or on behalf of Seller with respect to all compensation paid to any employees for all periods ending on or before the Closing Date have
been (or will be, as the case may be) proper and accurate, and all deposits required with respect to compensation paid to such employees have been (or will be) made in compliance with the provisions
of all Applicable Laws. The transactions contemplated herein are not subject to the tax withholding provisions of the Code. 

        (d)   Seller
will file the 2004 tax return within 15 days of execution of this agreement. 

        (e)   No
deficiency for any Taxes has been proposed, asserted, or assessed against Seller by any Governmental Entity, which has not been resolved and paid in full. 

        (f)    Seller
has not given any outstanding waivers or comparable consents regarding the application of the statute of limitations with respect to any Taxes or Tax Returns. 

        (g)   No
federal, state, local, or foreign audits or other administrative or court proceedings are presently pending with regard to any Taxes or Tax Returns of Seller, and
Seller has not been contacted by any taxing authority or representative thereof regarding pending tax audits related to any Taxes or Tax Return of Seller. 

        (h)   No
power of attorney has been granted by Seller with respect to any matter relating to Taxes, which is currently in force. 

        (i)    Seller
is not a party to any agreement providing for the indemnity, allocation, or sharing of Taxes. 

        (j)    None
of the Assets is property that is required to be treated as being owned by any other Person pursuant to the so-called "safe harbor lease" provisions of
Section 168(f)(8) of the Code (as in effect prior to amendment by the Tax Reform Act of 1986) or that is "tax-exempt use property" within the meaning of Section 168 of the
Code. 

7

 

        (k)   None
of the Assets directly or indirectly secures any debt the interest on which is tax exempt under Section 103(a) of the Code. 

        (l)    Seller
is not required to include in income any adjustment pursuant to Section 481 or Section 482 of the Code or similar provision of any state, local, or
foreign law, and the Internal Revenue Service has not proposed any such adjustment or change. 

        (m)  Seller
has not agreed to make any adjustment by reason of a change in its accounting method that would affect taxable income or deductions of Seller for any period
following the Closing Date, and Seller will not be required to include in a taxable period on or after the Closing Date taxable income attributable to income that economically accrues in a taxable
period ending on or before the Closing Date. 

 
 

           5.6    Consents.     Except for the Required Consents, no Consent is required to authorize, or is required
in connection with, the execution, delivery, or performance of this
Agreement or the Transaction Documents on the part of Seller. 

 
 

           5.7    Litigation.     (i) There is no Litigation, pending or, to Seller's Knowledge, threatened, that
is reasonably likely to have a material adverse effect on any of the Assets
or the Business; (ii) Seller is not subject to or in default of any Order requiring Seller to take any action of any kind with respect to the Assets or the operation of the Business; and
(iii) there is no Litigation pending or, to the Knowledge of Seller, threatened that, if adversely determined, is reasonably likely to restrain or enjoin the consummation of the transactions
contemplated by this Agreement, or declare unlawful the transactions or events contemplated by this Agreement, or cause any of such transactions to be rescinded. 

 
 

ARTICLE VI.    
    
    REPRESENTATIONS AND WARRANTIES OF PURCHASER:    
    

        Purchaser hereby represents and warrants to Seller as follows: 

 
 

           6.1    Organizations; Power and Authority.     Purchaser is duly incorporated, validly existing and in good
standing under all applicable laws, with all requisite powers and authority to carry on its business
and to own its property. Purchaser has the full corporate power and authority to execute, deliver, and perform its obligations under this Agreement and all other agreements and documents Purchaser is
or will be executing in connection with the transactions contemplated hereby. The execution, delivery, and performance of this Agreement by Purchaser has been duly and validly authorized by all
necessary corporate action on the part of Purchaser. This Agreement has been duly executed and delivered by Purchaser and constitutes, and each Transaction Document shall constitute the legal, valid,
and binding obligations of Purchaser, enforceable in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar
laws and equitable principles relating to or limiting creditors' rights generally. 

 
 

          6.2    No Violation; Restrictions.     The execution, delivery, and performance of this Agreement and the
Transaction Documents, and the consummation of the transactions contemplated hereby or thereby,
by Purchaser will not (a) violate in any material respect any Applicable Law or (b) violate, or constitute a material breach or default (whether upon notice or lapse of time or both,
and/or the occurrence of any act or event or otherwise) under, the charter documents or bylaws of Purchaser or any agreements to which Purchaser is a party that would impair the ability of Purchaser
in any way to perform its obligations under this Agreement. 

 
 

           6.3    Litigation.     There is no Litigation pending or, to the knowledge of Purchaser, threatened that, if
adversely determined, is reasonably likely to restrain or enjoin the
consummation of the 

8

 

transactions
contemplated by this Agreement, declare unlawful the transactions or events contemplated by this Agreement, or cause any of such transactions to be rescinded. 

 
 

ARTICLE VII    
    
    CLOSING AND TERMINATION    
    

 
 
        7.1    Closing.     The Closing (the "Closing") of the contemplated Transactions shall be held on Monday
May 16, 2005 (or such other date as the Parties may agree in writing,
but in any event no later than May 16, 2005 at the offices of 23 Corporate Plaza, Suite 200, Newport Beach, California 92660. The date on which
the closing occurs is referred to as the "Closing Date" The transfers and deliveries shall be mutually interdependent and regarded as occurring
simultaneously, and no such transfer or delivery shall become effective until all other transfers and deliveries provided in Article VI have also been made. 

 
 

           7.2    Termination.     This agreement and the Contemplated Transactions may not be terminated except as
follows: 

        (a)   Upon
mutual written consent of Sellers and Purchaser. 

        (b)   By
Sellers, if (i) Purchaser is in material breach of this agreement and (ii) such breach has not been cured on or before the Closing Date. 

        (c)   By
Purchaser, if (i) Sellers is in material breach of this agreement and (ii) such breach has not been cured on or before the Closing Date. 

        (d)   By
Sellers, if the Closing has not occurred on or before (                        ). 

        (f)    By
either Sellers or Purchaser, if there shall be in effect a final non-applicable court order restraining, enjoining or otherwise prohibiting the
consummation of the transactions contemplated hereby. 

 
 

ARTICLE VIII    
    
    COVENANTS    
    

 
 
        8.1    Conduct of Business Before Closing Date.     Except as otherwise provided for in this Agreement, until the
Closing, except as otherwise permitted or required by this Agreement, Seller shall use its best
efforts to: (i) conduct the operations of the Business in the ordinary and usual course and use its reasonable efforts to maintain and preserve intact its business organization and
relationships; (ii) not solicit, initiate, or encourage or authorize, directly or indirectly, any inquiry or proposal for the acquisition of all or any material part of the Assets, or enter
into negotiations for any such proposal, or provide any person with information or assistance in furtherance of any such inquiry or proposal, and promptly notify Purchaser of all inquiries or
proposals received with respect to such matters; (iii) take no action that, or omit to take any action that the failure to take which, would cause or permit Seller's representations and
warranties in this Agreement to be untrue in any material respect at the Closing; (iv) maintain existing insurance coverage for Seller, the Business, and the Assets; (v) not sell,
transfer, mortgage, pledge, or otherwise convey, encumber, or lease any of the Assets; (vi) not accelerate, modify, or cancel any Contracts or Licenses; and (vii) not enter into any
other commitment or transaction that is material to this Agreement or to the transactions contemplated hereby or that could materially and adversely affect the Business or the Assets. 

 
 

           8.2    Post Closing Audits.     For a period of three (3) years after Closing, Seller will cooperate
reasonably with Purchaser and will make reasonably accessible to Purchaser and
Purchaser's accountants the financial books and records of Seller regarding the Assets, to the extent reasonably available to Seller, in connection with any audits required pursuant to the regulations
of the Securities 

9

 

and
Exchange Commission in connection with financings consummated by Purchaser or its successor in interest to the Assets after the Closing. Any such audits shall be performed at the sole cost and
expense of Purchaser. 

 
 

           8.3    Access to Information; Confidentiality.     

        (a)   During
the period from the date of this Agreement through the Closing Date, Seller will give Purchaser and their respective authorized agents, advisors, accountants,
attorneys and representatives reasonable access during customary working hours to all books and records of the Seller relating to the Business as they may reasonably request, for purposes of
conducting inspections and investigations of the same, provided that: 

        (i)    All
such inspections and investigations are conducted at the Purchaser's cost, risk and expense; 

        (ii)   Purchaser
does not unreasonably interfere with the operations of the Business; 

        (iii)   Purchaser
repairs any damage caused to the Assets of Seller by Purchaser or their respective agents or representatives; 

        (iv)  Seller
shall be entitled to have a representative present for all inspections or investigations; and 

        (v)   Sellers
shall have the exclusive right to remove any party that in its sole opinion is damaging the Business. 

        (b)   The
Parties will hold and will cause their respective Affiliates, consultants, and advisors to hold any information that they receive in connection with the transactions
contemplated by this Agreement in strict confidence, and no Party will disclose any such information to a third Person without the prior written consent of the other Parties hereto. 

 
 

           (c)    Public Announcements.     No Party shall publish or use any advertising, sales, promotions, or other
publicity materials that use any other Party's name, brands, logos, trademarks, or
service marks without the prior written approval of such Party. No Party shall issue any publicity materials, press releases, or other public statements that refer to, or describe any aspect of this
Agreement or the transaction contemplated hereby without the prior written approval of the other Parties, which approval may be withheld solely in the non-requesting Parties' discretion. 

 
 

           8.4    Satisfaction of Conditions.     Each party will use its reasonable efforts to satisfy, or cause to be
satisfied, the conditions to the obligations of the other parties to consummate the
transactions contemplated by this Agreement. 

 
 

          8.5    Further Assurances.     

        (a)   Sellers
agrees that, at any time and from time to time after the Closing, it will, upon the request of the Purchaser, do all such further acts as may be reasonably
required to further transfer and assign to Purchaser any of the Purchased Assets, or to vest Purchaser good and marketable title to the Purchased Assets. 

        (b)   Purchaser
agrees that, at any time and from time to time after the Closing, it will, upon the request of the Sellers, do all such further acts as may be reasonably
required to cause Purchaser to assume the Assigned Liabilities in accordance with this Agreement and as may otherwise be appropriate to carry out the transactions contemplated by this agreement. 

10

 

 
 

ARTICLE IX.    
    
    CONDITIONS PRECEDENT    
    

 
 
        9.1    Conditions to the Obligations of Purchaser and Seller.     The obligations of each Party hereunder are
subject to the fulfillment at or before Closing of each of the following conditions: 

 
 

          (a)    Proceedings.     No Litigation or Order shall have been threatened, instituted, or entered to restrain
or prohibit the consummation of this Agreement. 

 
 

           9.2    Conditions to Purchaser's Obligations.     The obligations of Purchaser hereunder are subject to the
fulfillment at or before the Closing of each of the following conditions: 

 
 

          (a)    Representations and Warranties.     Each representation and warranty of Sellers shall be true and
correct in all material respects at and as of the Closing. 

 
 

           (b)    Covenants.     Seller shall have performed and complied in all material respects with all covenants
or conditions required to be performed and complied with by Seller at or
before the Closing. 

 
 

          (c)    No Material Adverse Change.     There shall have occurred no material adverse undisclosed condition or
material adverse change in the Business or in any of the Assets since the date hereof. 

 
 

           (d)    Consents.     Except for the Required Consents, all Consents shall have been obtained. 

 
 

          9.3    Conditions to Seller's Obligations.     The obligations of Seller are subject to fulfillment at or
before the Closing of each of the following conditions: 

 
 

           (a)    Representations and Warranties.     Each representation and warranty of Purchaser shall be true and
correct in all material respects at and as of the Closing. 

 
 

          (b)    Covenants.     Purchaser shall have performed and complied in all material respects with all covenants
or conditions required to be performed and complied with by it at or
before the Closing. 

 
 

           (c)    Consents.     Except for the Required Consents, all Consents shall have been obtained. 

 
 

ARTICLE X.    
    
    INDEMNIFICATION; SURVIVAL:    
    

 
 
        10.1    Indemnification by Seller.     Subject to the terms and conditions of this Article X, Seller hereby
agrees to indemnify, defend, and hold harmless Purchaser, and the officers, directors,
Affiliates, shareholders, and agents of Purchaser from and against all Damages asserted against or incurred by any of them arising out of or relating to: (i) any breach by Seller of any
representation, warranty, covenant, or agreement contained in this Agreement or any of the Transaction Documents; (ii) all liabilities of Seller other than the Assumed Liabilities; and
(iii) the ownership and operation of the Assets and the Business prior to the Closing. 

 
 

           10.2    Indemnification by Purchaser.     Subject to the terms and conditions of this Article X,
Purchaser, hereby agrees to indemnify, defend, and hold harmless Seller and Seller's officers,
directors, Affiliates, shareholders, and agents of Seller from and against all Damages asserted against or incurred by any of them arising out of or relating to: (i) any breach by Purchaser of
any representation, warranty, covenant, or agreement contained in this Agreement or any of the Transaction Documents; (ii) the Assumed Liabilities; and (iii) the ownership and operation
by Purchaser of the Assets and the Business subsequent to the Closing. 

11

  

 
 

          10.3    Conditions of Indemnification.     The indemnification obligations and liabilities of the Parties
hereto with respect to claims made by third parties shall be subject to the following terms and
conditions: 

        (a)   The
indemnified Party will give the indemnifying Party prompt notice of any such claim, and the indemnifying Party shall have the right to undertake the defense thereof,
at the indemnifying Party's expense, by representatives chosen by the indemnifying Party and reasonably acceptable to the indemnified Party. 

        (b)   If
the indemnifying Party undertakes the defense of any such claim, the indemnified Party shall, to the best of its ability, assist the indemnifying Party, at the
indemnifying Party's expense, in the defense of such claim and shall promptly send to the indemnifying Party, at the indemnifying Party's expense, copies of any documents received by the indemnified
Party that relate to such claim. 

        (c)   If
the indemnifying Party, within a reasonable time after notice of any such claim, fails to defend the indemnified Party against which such claim has been asserted, the
indemnified Party shall (upon further notice to the indemnifying Party) have the right to undertake the defense, compromise, or settlement of such claim on behalf of and for the account and risk of
the indemnifying Party, at the indemnifying Party's expense, subject to the right of the indemnifying Party to assume the defense of such claim at any time prior to settlement, compromise, or final
determination thereof. 

        (d)   If,
in the opinion of the indemnified Party's legal counsel, a conflict of interest with respect to any claim exists between the indemnified Party against which a claim
has been asserted and the indemnifying Party, then such indemnified Party shall have the right to retain its own counsel with respect to such claim; provided
that the reasonable fees and expenses of such counsel shall be at the expense of the indemnifying Party. 

 
 

          10.4    Reliance on Representations, Warranties, Covenants and Agreements.     Notwithstanding any
investigation by Purchaser, or any information obtained pursuant thereto, Purchaser shall be entitled to rely upon the representations,
warranties, covenants, and agreements of Seller contained in this Agreement or any Transaction Document as to compliance with or performance by Seller of the transactions contemplated by this
Agreement and the Transaction Documents. 

 
 

          10.5    Survival of Representations and Warranties.     The representations and warranties in this Agreement
and in any other document delivered in connection herewith shall survive the Closing for a period of six
(6) months; provided that such representations and warranties shall survive as to any claim properly made prior to the termination of such period
until such claim is fully paid or otherwise resolved by the Parties hereto or by a court of competent jurisdiction; and provided, further, that it is
specifically understood that the expiration of any survival period or the exhaustion of any indemnity hereunder shall not have the effect of or be construed as an assumption by Purchaser or any of its
Affiliates of any liability of Seller, the Purchaser having agreed to assume only the Assumed Liabilities. 

 
 

ARTICLE XI.    
    
    MISCELLANEOUS:    
    

 
 
        11.1    Amendment.     This Agreement may be amended or changed only in writing executed by the Party against which
enforcement of the amendment, modification or change is sought. 

 
 

           11.2    Assignment.     Neither this Agreement nor any right created hereby is assignable by any Party
hereto, except by (i) Purchaser to a direct or indirect wholly owned
subsidiary of Purchaser and (ii) by Seller, pursuant to any financings consummated by Seller, and provided that the rights and remedies of
Purchaser hereunder are not materially impaired by such assignment. This Agreement and the rights, 

12

 

interests,
and obligations hereunder shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, personal representatives, estates, devisees, successors, and
permitted assigns. 

 
 

           11.3    Costs and Expenses.     Whether or not the transactions contemplated hereby are consummated, each
Party shall bear its own costs and expenses (including attorneys' fees and costs), and
each Party agrees to pay the costs and expenses, including reasonable attorneys' fees and costs, incurred by the prevailing Party in litigation or other proceeding to enforce or interpret this
Agreement. 

 
 

           11.4    Notices.     All notices or other communications hereunder shall be deemed to have been duly given
and made if in writing and if served by personal delivery upon the Party for
whom it is intended, if delivered by registered or certified mail, return receipt requested, or by a national courier service, to the person at the address set forth below, or such other address as
may be designated in writing hereafter, in the same manner, by such person: 

To
Seller: 

32
Journey, Suite 150, Aliso Viejo, CA 92656

Attention: Mr. Simon Arkell 

To
Purchaser: 

Suite
200, 23 Corporate Plaza, Newport Beach, California 92660

Attention: Mr. J. Bradley Hall 

        Any
such notification shall be deemed delivered when received. 

 
 

           11.5    Entire Agreement.     This Agreement (including all Schedules and Exhibits hereto) contains the
entire agreement among the Parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings, oral or written, with respect to such matters. 

 
 

           11.6    Headings.     The heading references herein and in the table of contents hereto are for convenience
purposes only, do not constitute a part of this Agreement, and shall not be
deemed to limit or affect any of the provisions hereof. 

 
 

           11.7    Specific Performance.     Each Party hereto acknowledges that money damages would be both
incalculable and an insufficient remedy for any breach of this Agreement by such Parties and that
any such breach would cause the other Parties hereto irreparable harm. Accordingly, each Party hereto also agrees that, in the event of any breach or threatened breach of the provisions of this
Agreement by such Party, the other Parties hereto shall be entitled to equitable relief without the requirement of posting a bond or other security, including in the form of injunctions and orders for
specific performance. 

 
 

           11.8    Governing Law.     This Agreement and the rights and obligations of the Parties hereto shall be
governed by and construed and enforced in accordance with the laws of the State of
Nevada. 

 
 

          11.9    Risk of Loss.     The risk of any loss or damage to the Assets shall be borne by Seller for all
periods prior to Closing. In the event that any such loss or damage shall be
sufficiently substantial so as to preclude and prevent resumption of normal operations of any material portion of the Business or the replacement or restoration of the lost or damaged property prior
to the Closing Date, Seller shall immediately notify Purchaser in writing of the inability to resume normal operations or to replace or restore the lost or damaged property, and Purchaser shall have
the right to terminate this Agreement upon ten (10) days notice to Seller. If no such election is timely made by Purchaser, insurance proceeds payable as a result of the occurrence of the event
resulting in such loss or damage shall be delivered by Seller to Purchaser at Closing, or the rights thereto shall be assigned by Seller to Purchaser if not yet paid over to Purchaser. 

13

 

        IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized,
all as of the date first written above. 

	AMAZING TECHNOLOGIES CORP.	 	VERSIFI TECHNOLOGIES INC.
	

Per:	
 	

Per:
	/s/  J. BRADLEY HALL      
	 	/s/  SIMON ARKELL      

	Signature	 	Signature
	CEO
	 	Chairman/CEO

	Title	 	Title
	May 16, 2005
	 	May 16, 2005

	Date	 	Date

14

 

INDEX OF SCHEDULES  

	Schedule "A"	 	Assets
	

Schedule "B"	
 	

Assumed Liabilities

EXHIBITS  

	Exhibit A	 	Formal Letter of Intent
	

Exhibit B	
 	

AdaptiveInfo Liquidating Trust Agreement

15

 
 
 

Schedule "A"    
    
    Assets    
    

	•
	Versifi
Enterprise Content Management software executables and source code

	•
	Versifi
ECM Personalization Server

	•
	Versifi
(AdaptiveInfo) Adaptive Information Server software executables and source code and related applications

	•
	One
1RU Ricoh computer server 

16

 

 
 

Schedule "B"    
    
    Assumed Liabilities    
    

	•
	None

17

QuickLinks

Exhibit 10.6

ASSET PURCHASE AGREEMENT

RECITALS

ARTICLE I. DEFINITIONS AND INTERPRETATION

1.1 Defined Terms.

1.2 Other Definitions.

1.3 Accounting Terms.

ARTICLE II. PURCHASE AND SALE OF ASSETS

2.1 Purchased Assets.

(a)  Inventory.

(b)  Tangible Personal Property.

(c)  Warranty Rights.

(e)  Intellectual Property Rights.

(f)  Equity Interests.

(g)  Assumed Contracts.

(h)  Cash.

(i)  Trade and Copy Rights.

(j)  Accounts Receivables.

2.2 Retained Assets,

(a)  Cash.

(b)  Receivables.

(c)  Retained Contracts.

(d)  Insurance Policies.

(e)  Tax Claims.

(f)  Claims.

(g)  Certain Records.

(h)  Excluded Equity Interests.

(i)  Excluded Inventory.

(j)  Excluded Tangible Personal Property.

(k)  Excluded Real Property.

(l)  Excluded Contractual Rights or Claims.

(m)  Excluded Intellectual Property.

2.3 Deemed Consents and Cures.

ARTICLE III ASSUMPTION OF LIABILITIES

3.1 Assumed Liabilities.

ARTICLE IV CONSIDERATION

4.1 Purchase Price.

4.2 Adjustments to Purchase Price.

ARTICLE V. REPRESENTATIONS AND WARRANTIES OF SELLER

5.1 Organization and Good Standing.

5.2 Authorization; No Conflicts.

5.3 Title; Assets; Operation of the Business.

5.4 Contracts and Licenses.

5.5 Taxes.

5.6 Consents.

5.7 Litigation.

ARTICLE VI. REPRESENTATIONS AND WARRANTIES OF PURCHASER

6.1 Organizations; Power and Authority.

6.2 No Violation; Restrictions.

6.3 Litigation.

ARTICLE VII CLOSING AND TERMINATION

7.1 Closing.

7.2 Termination.

ARTICLE VIII COVENANTS

8.1 Conduct of Business Before Closing Date.

8.2 Post Closing Audits.

8.3 Access to Information; Confidentiality.

(c)  Public Announcements.

8.4 Satisfaction of Conditions.

8.5 Further Assurances.

ARTICLE IX. CONDITIONS PRECEDENT

9.1 Conditions to the Obligations of Purchaser and Seller.

(a)  Proceedings.

9.2 Conditions to Purchaser's Obligations.

(a)  Representations and Warranties.

(b)  Covenants.

(c)  No Material Adverse Change.

(d)  Consents.

9.3 Conditions to Seller's Obligations.

(a)  Representations and Warranties.

(b)  Covenants.

(c)  Consents.

ARTICLE X. INDEMNIFICATION; SURVIVAL

10.1 Indemnification by Seller.

10.2 Indemnification by Purchaser.

10.3 Conditions of Indemnification.

10.4 Reliance on Representations, Warranties, Covenants and Agreements.

10.5 Survival of Representations and Warranties.

ARTICLE XI. MISCELLANEOUS

11.1 Amendment.

11.2 Assignment.

11.3 Costs and Expenses.

11.4 Notices.

11.5 Entire Agreement.

11.6 Headings.

11.7 Specific Performance.

11.8 Governing Law.

11.9 Risk of Loss.

Schedule "A" Assets

Schedule "B" Assumed LiabilitiesQuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.7  

        STOCK PURCHASE AGREEMENT  

 BY AND AMONG  

 AMAZING TECHNOLOGIES CORP.,  

 HANSON PRINCE PTY. LTD, DOING BUSINESS AS CSERV,  

 AND THE SHAREHOLDERS OF CSERV  

 Dated as of June 17, 2005  

 CONFIDENTIAL EXECUTION COPY  

 
  
 

    TABLE OF CONTENTS    
    

	 
	 	 
	 	Page

	ARTICLE 1. PURCHASE AND SALE OF THE SECURITIES	 	2
	 	
 1.1	
 	

Purchase and Sale of the Securities	
 	

2
	 	1.2	 	Closing	 	2
	 	1.3	 	Closing Deliveries	 	2
	 	1.4	 	Further Assurances	 	3
	

ARTICLE 2. REPRESENTATIONS AND WARRANTIES OF CSERV AND THE SHAREHOLDERS	
 	

3
	 	
 2.1	
 	

Organization of CSERV	
 	

3
	 	2.2	 	CSERV Capital Structure	 	4
	 	2.3	 	Obligations With Respect to Capital Stock	 	4
	 	2.4	 	Authority; Non-Contravention	 	5
	 	2.5	 	Taxes	 	5
	 	2.6	 	Title to Properties; Absence of Liens and Encumbrances	 	6
	 	2.7	 	Intellectual Property	 	6
	 	2.8	 	Compliance; Permits; Restrictions	 	8
	 	2.9	 	Litigation	 	9
	 	2.10	 	Brokers' and Finders' Fees	 	9
	 	2.11	 	Employee Benefit Plans	 	9
	 	2.12	 	Agreements, Contracts and Commitments	 	10
	 	2.13	 	Insurance	 	11
	 	2.14	 	Contingent Payment Arrangements	 	11
	

ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF EACH SHAREHOLDER	
 	

12
	 	
 3.1	
 	

Ownership of Shares	
 	

12
	 	3.2	 	Authority; Non-Contravention	 	12
	 	3.3	 	Investment Representations	 	12
	

ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF PURCHASER	
 	

14
	 	
 4.1	
 	

Authority; Non-Contravention	
 	

14
	 	4.2	 	Organization of Purchaser	 	15
	 	4.3	 	Purchaser SEC Filings; Financial Statements	 	15
	 	4.4	 	No Material Adverse Change	 	15
	 	4.5	 	Brokers' and Finders' Fees	 	15
	 	4.6	 	Corporate Approvals	 	15
	 	4.7	 	Share Issuance	 	16
	

ARTICLE 5. CONDUCT PRIOR TO THE CLOSING DATE	
 	

16
	 	
 5.1	
 	

Conduct of Business of CSERV	
 	

16
	 	5.2	 	Exclusivity	 	17
	

ARTICLE 6. ADDITIONAL AGREEMENTS	
 	

18
	 	
 6.1	
 	

Restrictions on Transfer	
 	

18
	 	6.2	 	Access to Information	 	19
	 	6.3	 	Expenses	 	19
	 	6.4	 	Consents	 	19
	 	6.5	 	Reasonable Efforts	 	19
	 	 	 	 	 

i

 

	 	6.6	 	Notification of Certain Matters	 	19
	 	6.7	 	Cooperation of Independent Accountants	 	20
	 	6.8	 	Employment and Non-Competition Agreements	 	20
	 	6.9	 	Contingent Payment Agreements	 	20
	 	6.10	 	Director Resignations	 	20
	 	6.11	 	Release	 	20
	 	6.12	 	Termination of Employment, Contingent Payment and Buyback Arrangements	 	21
	

ARTICLE 7. CONDITIONS TO THE PURCHASE AND SALE OF THE SHARES	
 	

21
	 	
 7.1	
 	

Conditions to Obligations of the Parties	
 	

21
	 	7.2	 	Conditions to Obligations of Purchaser	 	21
	 	7.3	 	Conditions to the Obligations of the Shareholders	 	22
	

ARTICLE 8. SURVIVAL OF REPRESENTATIONS AND WARRANTIES	
 	

23
	 	
 8.1	
 	

Survival of Representations and Warranties	
 	

23
	 	8.2	 	Indemnification	 	23
	

ARTICLE 9. TERMINATION, AMENDMENT AND WAIVER	
 	

23
	 	
 9.1	
 	

Termination	
 	

23
	 	9.2	 	Effect of Termination	 	24
	 	9.3	 	Amendment	 	25
	 	9.4	 	Extension; Waiver	 	25
	

ARTICLE 10. GENERAL PROVISIONS	
 	

25
	 	
 10.1	
 	

Notices	
 	

25
	 	10.2	 	Interpretation	 	26
	 	10.3	 	Counterparts	 	26
	 	10.4	 	Entire Agreement; Assignment	 	26
	 	10.5	 	Severability	 	26
	 	10.6	 	Other Remedies	 	26
	 	10.7	 	Governing Law	 	26
	 	10.8	 	Rules of Construction	 	27
	 	10.9	 	Attorneys' Fees	 	27

Exhibit A
Shareholders and Payments

Exhibit B Consulting Agreement

Exhibit C Consulting Agreement

Exhibit D Cserv Schedules 

ii

  

 
 

STOCK PURCHASE AGREEMENT    
    

        This STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into as of June 14, by and among Amazing Technologies Corp, a Nevada corporation having
offices located at 23 Corporate Plaza, Suite 200, Newport Beach, California 92660 ("Purchaser"), Hanson Prince Pty. Ltd. A.C.N. Number 103 806 953, d.b.a. Cserv, an Australian Corporation
("CSERV") and the shareholders of CSERV as listed on Exhibit A hereto (collectively, the "Shareholders" and each, a "Shareholder"). 

RECITALS  

        A.    The
Shareholders own, or otherwise will own all of the outstanding capital stock of CSERV (including all options, warrants and other rights to acquire capital stock of
CSERV). 

        B.    Upon
the terms and subject to the conditions hereof, the Shareholders wish to sell to the Purchaser, and the Purchaser wishes to purchase from the Shareholders, all of
the outstanding capital stock of CSERV (including all options, warrants and other rights to acquire capital stock of CSERV) for an aggregate purchase price of, and in, and as calculated herein
following below, shares of common stock of the Purchaser to be issued and delivered at the Closing. 

        C.    As
a material inducement for Purchaser to purchase the capital stock of CSERV, certain key employees of CSERV are entering into consulting and non-competition
agreements (the "Consulting Agreement") with Purchaser, the executed copies attached hereto as Exhibits B and C, with Purchaser, each of which shall become effective as of the Closing. 

        D.    As
a material inducement for Purchaser to purchase the capital stock of CSERV, certain stockholders and employees of CSERV are terminating existing employment and
contingent payment obligations on the part of CSERV. 

        E.    The
parties hereto desire to make certain representations, warranties, covenants and other agreements in connection with the transactions contemplated hereby. 

1

 

        NOW,
THEREFORE, in consideration of the covenants, promises and representations set forth herein, and for other good and valuable consideration, the parties agree as follows: 

 
 

ARTICLE 1.    
    
    PURCHASE AND SALE OF THE SECURITIES    
    

 
 
        1.1    Purchase and Sale of the Securities.     On the Closing Date and effective as of the Closing (each as
defined in Section 1.2 hereof), upon the terms and subject to the conditions of this
Agreement, the Shareholders shall sell, convey, assign, transfer and deliver to the Purchaser, and the Purchaser shall purchase from the Shareholders, the securities set forth opposite each such
shareholder's name on Exhibit A hereto, in exchange for the total consideration, consisting of the Share Payment (the "Total Consideration"). The Total Consideration shall be payable by the
Purchaser to the Shareholders in accordance with the following: 

	(a)
	The
issuance of restricted common stock of the Purchaser, specifically Securities and Exchange Commission Rule 144 common stock, the number of which shall be calculated as
follows:

	(i)
	The
"Net Accounting Profit Before Taxation" (as defined by either Generally Accepted Accounting Principles or the Australian Standard of Accounting Practices) of CSERV
for the twelve months ending June 30, 2005, multiplied by 4.3, plus A$250,000.00 (which is consideration for the intellectual property developed by CSERV) divided by the closing price of the
Purchaser's common stock at 10am US PST on the Closing date. However, such closing price must first be converted to Australian Dollars. The calculated number of shares of Common Stock of the Purchaser
shall be delivered at Closing (i.e., the "Share Payment"); and

	(b)
	The
Share Payment shall be allocated among Shareholders in accordance with, in proportion to and in the manner set forth on Exhibit A hereto (such allocation being referred to
herein as the "Allocation Portion"). 

 
 

          1.2    Closing.     Subject to the satisfaction or waiver of the conditions set forth in Article 7
hereof, the consummation of the transactions contemplated hereby pursuant to
the terms and provisions hereof (the "Closing") shall take place at the offices of Amazing Technologies Corp, 23 Corporate Plaza, Newport Beach, California 92660, at 10:00 a.m. local California
time, no later than the second business day after satisfaction or waiver of the conditions set forth in Article 7 hereof, or at such other place, time and date as shall be mutually agreed upon
in writing by the parties hereto. The date upon which the Closing shall actually occur shall be referred to herein as the "Closing Date." 

        1.2.1    Closing
documentation shall be approved by the Shareholders' appointed solicitors to ensure compliance with Australian Taxation Office "scrip for scrip" requirements
before the transaction is finalized. 

 
 

           1.3    Closing Deliveries.     

	(a)
	At
the Closing, upon the terms and subject to the conditions set forth herein, Shareholders shall jointly deliver each of the following:

	(i)
	Certificates
representing all of the outstanding capital stock of CSERV (including all original instruments evidencing outstanding options, warrants or other rights to
acquire capital stock of CSERV);

	(ii)
	Duly
and validly executed Consulting Agreement from JAROLUIN PTY LTD and MUSHROOM SYSTEMS INTERNATIONAL PTY LTD copies of which are attached hereto as
Exhibits B and C and made a part hereof. 

2

 

	(b)
	The
Purchaser shall deliver:

	(i)
	Stock
certificates representing the Share Payment, registered in the names designated by the Shareholders, which stock certificates shall carry the legend set forth in
Section 6.1(a) hereof. 

 
 

           1.4    Further Assurances.     On and after the Closing, upon the reasonable request of any of the other
parties hereto, the parties hereto shall prepare, execute and deliver such other and
further agreements, instruments, certificates, and other documents, and take, do and perform such other and further actions, as may be necessary or appropriate in order to effectuate completely the
purposes and intent of this Agreement and to fully consummate the transactions contemplated hereby. 

 
 

ARTICLE 2.    
    
    REPRESENTATIONS AND WARRANTIES OF CSERV AND THE SHAREHOLDERS    
    

        As of the date hereof and as of the Closing Date, CSERV and each of the Shareholders represents and warrants to Purchaser, subject to the exceptions specifically
disclosed in writing in the disclosure letter and referencing a specific representation (unless it would be clearly apparent to a reasonable person that the disclosure would be relevant to another
representation) supplied by CSERV and the Shareholders to Purchaser dated as of the date hereof and certified by a duly authorized officer of CSERV and each of the Shareholders (the "CSERV
Schedules"), as follows: 

 
 

           2.1    Organization of CSERV.     

	(a)
	Except
as disclosed in Part 2.1(a) of the CSERV Schedules, CSERV has no subsidiaries and CSERV owns no capital stock of, or any equity interest of any nature in, any other
entity. CSERV has not agreed and is not obligated to make, nor bound by any written, oral or other agreement, contract, subcontract, lease, binding understanding, instrument, note, option, warranty,
purchase order, license, sublicense, insurance policy, benefit plan or legally binding commitment or undertaking of any nature, as in effect as of the date hereof or as may hereinafter be in effect
("Contract") under which Contract it may become obligated to make any future investment in or capital contribution to any other entity. CSERV has not, at any time, been a general partner of any
general partnership, limited partnership or other entity. When used herein, as applicable "CSERV" refers to CSERV, its subsidiaries and predecessor entities.

	(b)
	CSERV
is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all necessary power and authority:
(i) to conduct its business in the manner in which its business is currently being conducted; (ii) to own and use its assets in the manner in which its assets are currently owned and
used; and (iii) to perform its obligations under all Contracts by which it is bound.

	(c)
	CSERV
is qualified to do business as a foreign corporation, and is in good standing, under the laws of all jurisdictions where the nature of its business requires such qualification
and where the failure to so qualify would have a Material Adverse Effect (as defined below) on CSERV. With respect to any entity, "Material Adverse Effect" shall mean any change, event or effect that
is materially adverse to the consolidated business, assets (including intangible assets), financial condition or results of operations of such entity.

	(d)
	CSERV
has delivered or made available to Purchaser a true and correct copy of the Articles of Incorporation and Bylaws of CSERV, each as amended to date (collectively, the "CSERV
Charter Documents"), and each such instrument is in full force and effect. CSERV is not in violation of any of the provisions of the CSERV Charter Documents.

	(e)
	There
are no proposed or considered amendments to CSERV Charter Documents. 

3

 

 
 

          2.2    CSERV Capital Structure.     

	(a)
	The
authorized capital stock of CSERV consists of:100 shares of CSERV Common Stock, of which 100 shares are outstanding as of the date of this Agreement. The CSERV Common Stock,
together with any other capital stock (including any options, warrants or other rights to acquire CSERV capital stock), shall herein be referred to as the "CSERV Capital Stock". All of the outstanding
shares of CSERV Capital Stock have been duly authorized and validly issued, and are fully paid and nonassessable. As of the date of this Agreement, there are no shares of CSERV Capital Stock held in
treasury by CSERV. Part 2.2(a) of the CSERV Schedules contains a true, correct and complete list of the persons and entities who are record holders of any issued and outstanding shares of CSERV
Capital Stock, the respective number of shares, and the class or series, of CSERV Capital Stock held by each such person or entity, as of the date hereof and as of the Closing. There are no declared
or accrued and unpaid dividends payable in respect of any shares of CSERV Capital Stock.

	(b)
	All
outstanding shares of CSERV Capital Stock have been issued and granted in compliance with (i) all applicable securities laws and other applicable Legal Requirements (as
defined below) and (ii) all requirements set forth in applicable Contracts. For the purposes of this Agreement, "Legal Requirements" means any Australian, state, local, municipal, foreign or
other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or
otherwise put into effect by or under the authority of any Governmental Entity (as defined below). 

 
 

           2.3    Obligations With Respect to Capital Stock.     Except as set forth in Section 2.2(a) hereof,
there are no equity securities, partnership interests or similar ownership interests of any class of any
CSERV equity security, or any securities exchangeable or convertible into or exercisable for such equity securities, partnership interests or similar ownership interests, issued, reserved for issuance
or outstanding. Except for securities CSERV owns free and clear of all claims and Encumbrances, as of the date of this Agreement, there are no equity securities, partnership interests or similar
ownership interests of any class of equity security of any subsidiary of CSERV, or any security exchangeable or convertible into or exercisable for such equity securities, partnership interests or
similar ownership interests, issued, reserved for issuance or outstanding. For the purposes of this Agreement, "Encumbrances" means any lien, pledge, hypothecation, charge, mortgage, security
interest, encumbrance, claim, infringement, interference, option, trust, right of first refusal, preemptive right, community property interest or restriction of any nature (including any restriction
on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the receipt of any income derived from any asset, any restriction on the use of any
asset and any restriction on the possession, exercise or transfer of any other attribute of ownership of any asset). There are no subscriptions, options, warrants, equity securities, partnership
interests or similar ownership interests, calls, rights (including preemptive rights), commitments or agreements of any character to which CSERV is a party or by which it is bound obligating CSERV to
issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem or otherwise acquire, or cause the repurchase, redemption or acquisition of, any shares of capital stock,
partnership interests or similar ownership interests of CSERV or obligating CSERV to grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, equity security,
call, right, commitment or agreement. As of the date of this Agreement, there are no registration rights and there is no voting trust, proxy, rights plan, antitakeover plan or other agreement or
understanding to which CSERV is a party or by which it is bound with respect to any equity security of any class of CSERV. 

4

 

 
 

           2.4    Authority; Non-Contravention.     

	(a)
	CSERV
has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of CSERV. This Agreement has been duly executed and delivered by
CSERV and, assuming due execution and delivery by the other parties hereto, constitutes a valid and binding obligation of CSERV, enforceable against CSERV in accordance with its terms, except as
enforceability may be limited by bankruptcy and other similar laws and general principles of equity in the United States or Australia. The execution and delivery of this Agreement by CSERV does not,
and the performance of this Agreement by CSERV will not, (i) conflict with or violate the CSERV Charter Documents, (ii) conflict with or violate any law, rule, regulation, order,
judgment or decree applicable to CSERV or by which CSERV or any of its respective properties is bound or affected, subject to compliance with the requirements set forth in Section 2.4(b) below
or (iii) result in any material breach of or constitute a material default (or an event that with notice or lapse of time or both would become a material default) under, or impair CSERV's
rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a material
lien or Encumbrance on any of the material properties or assets of CSERV or any of its subsidiaries pursuant to, any material note, bond, mortgage, indenture, contract, agreement, lease, license,
permit, franchise, concession, or other instrument or obligation to which CSERV or any of its subsidiaries is a party or by which CSERV or any of its subsidiaries or its or any of their respective
assets are bound or affected. Part 2.4(a) of the CSERV Schedules lists all consents, waivers and approvals under any of CSERV's or any of its subsidiaries' agreements, contracts, licenses or
leases required to be obtained in connection with the consummation of the transactions contemplated hereby, which, if individually or in the aggregate not obtained, would result in a material loss of
benefits to CSERV or the Purchaser.

	(b)
	No
consent, approval, order or authorization of, or registration, declaration or filing with any court, administrative agency or commission or other governmental authority or
instrumentality, foreign or domestic ("Governmental Entity"), is required to be obtained or made by CSERV in connection with the execution and delivery of this Agreement or the consummation of the
transactions contemplated by this Agreement, except for (i) such consents, approvals, orders, authorizations, registrations, declarations and filings as may be required under applicable United
States or Australian federal, foreign and state securities (or related) laws, and the securities or antitrust laws of any foreign country, and (ii) such other consents, authorizations, filings,
approvals and registrations which if not obtained or made would not be material to Purchaser or CSERV or have a material adverse effect on the ability of the parties hereto to consummate the
transactions contemplated hereby. 

 
 

          2.5    Taxes.     

	(a)
	Definition of Taxes.    For the purposes of this Agreement, "Tax" or "Taxes" refers to any and all Australian or United
States federal, state, local and foreign taxes, assessments and other governmental charges, duties, impositions and liabilities relating to taxes, including taxes based upon or measured by gross
receipts, income, profits, sales, use and occupation, and value added, ad valorem, transfer, franchise, withholding, payroll, recapture, employment, excise and property taxes, together with all
interest, penalties and additions imposed with respect to such amounts and any obligations under any agreements or arrangements with any other person with respect to such amounts and including any
liability for taxes of a predecessor entity. 

5

 

	(b)
	Tax Returns and Audits

	(i)
	CSERV
has timely filed all Australian returns, estimates, information statements and reports ("Returns") relating to Taxes required to be filed by CSERV with any Tax
authority. CSERV has paid all Taxes shown to be due on such Returns.

	(ii)
	CSERV
as of the Closing will have withheld and remitted on a timely basis to the appropriate authority all income taxes.

	(iii)
	CSERV
has not been delinquent in the payment of any Tax nor is there any material Tax deficiency outstanding, proposed or assessed against CSERV, nor has CSERV
executed any unexpired waiver of any statute of limitations on or extending the period for the assessment or collection of any material Tax.

	(iv)
	No
audit or other examination of any Return of CSERV by any Tax authority is presently in progress, nor has CSERV been notified of any request for such an audit or
other examination.

	(v)
	No
adjustment relating to any Returns filed by CSERV has been proposed in writing formally or informally by any Tax authority to CSERV or any of its representatives.

	(vi)
	CSERV
is not a party to or has any obligation under any tax-sharing, tax indemnity or tax allocation agreement or arrangement. 

 
 

          2.6    Title to Properties; Absence of Liens and Encumbrances.     

	(a)
	CSERV
has informed the Purchaser in writing of all real property leases to which CSERV is a party as of the date of this Agreement and each amendment thereto that is in effect as of
the date of this Agreement. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any
existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would give rise to a material claim. Other than the leaseholds created
under the real property leases identified by CSERV in writing, CSERV owns no interest in real property.

	(b)
	CSERV
has good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of its tangible properties and assets, real, personal and mixed,
used or held for use in its business, free and clear of any liens, pledges, charges, claims, security interests or other encumbrances of any sort ("Liens") and except for liens for taxes not yet due
and payable, statutory liens and such Liens or other imperfections of title and encumbrances, if any, which are not material in character, amount or extent, and which do not materially detract from
the value, or materially interfere with the present use, of the property subject thereto or affected thereby. 

 
 

           2.7    Intellectual Property.     For the purposes of this Agreement, the following terms have the following
definitions: 

        "Intellectual
Property" shall mean any or all of the following and all rights in, arising out of, or associated therewith: (i) all Australian, United States, international and
foreign patents and applications therefor and all reissues, divisions, renewals, extensions, provisionals, continuations and continuations-in-part thereof; (ii) all
inventions (whether patentable or not), invention disclosures, improvements, trade secrets, proprietary information, know how, technology, technical data and customer lists, and all documentation
relating to any of the foregoing; (iii) all copyrights, copyrights registrations and applications therefor, and all other rights corresponding thereto throughout the world; (iv) all
industrial designs and any registrations and applications therefor throughout the world; (v) all trade names,logos, URLs, common law trademarks and service 

6

 

marks,
trademark and service mark registrations and applications therefore throughout the world; (vi) all databases and data collections and all rights therein throughout the world;
(vii) all moral and economic rights of authors and inventors, however denominated, throughout the world and (viii) any similar or equivalent rights to any of the foregoing anywhere in
the world. 

        "CSERV
Intellectual Property" shall mean any Intellectual Property that is owned by, or exclusively licensed to, CSERV. 

        "Registered
Intellectual Property" means all United States, international and foreign: (i) patents and patent applications (including provisional applications);
(ii) registered trademarks, applications to register trademarks, intent-to-use applications, or other registrations or applications related to trademarks;
(iii) registered copyrights and applications for copyright registration; and (iv) any other Intellectual Property that is the subject of an application, certificate, filing, registration
or other document issued, filed with, or recorded by any state, government or other public legal authority. 

        "CSERV
Registered Intellectual Property" means all of the Registered Intellectual Property owned by, or filed in the name of, CSERV. 

	(a)
	No
material CSERV Intellectual Property or product or service of CSERV is subject to any proceeding or outstanding decree, order, judgment, agreement or stipulation restricting in any
manner the use, transfer, or licensing thereof by CSERV, or which may affect the validity, use or enforceability of such CSERV Intellectual Property.

	(b)
	Part 2.7(b)
of the CSERV Schedules is a complete and accurate list of all CSERV Registered Intellectual Property as of the date hereof and specifies, where applicable, the
jurisdictions in which each such item of CSERV Registered Intellectual Property has been issued or registered or in which an application for such issuance and registration has been filed, including
the respective registration or application numbers. Each material item of CSERV Registered Intellectual Property is valid and subsisting, all necessary registration, maintenance and renewal fees
currently due in connection with such Registered Intellectual Property have been made and all necessary documents, recordations and certificates currently due in connection with such Registered
Intellectual Property have been filed with the relevant patent, copyright, trademark or other authorities in the United States or foreign jurisdictions, as the case may be, for the purposes of
maintaining such Registered Intellectual Property.

	(c)
	CSERV
owns and has good and exclusive title to, or has license (sufficient for the conduct of its business as currently conducted and as currently proposed to be conducted) to, each
item of CSERV Intellectual Property or other material Intellectual Property used by CSERV free and clear of any lien or encumbrance (excluding licenses and related restrictions); and CSERV is the
exclusive owner of all trademarks and trade names used in connection with the operation or conduct of the business of CSERV, including the sale of any products or the provision of any services by
CSERV, within the scope of CSERV's use of such trademarks and trade names.

	(d)
	CSERV
owns exclusively, and has good title to, all copyrighted works that are CSERV products or which CSERV otherwise expressly purports to own.

	(e)
	To
the extent that any material Intellectual Property has been developed or created by a third party for CSERV, CSERV has a written agreement with such third party with respect
thereto and CSERV thereby either (i) has obtained ownership of, and is the exclusive owner of or (ii) has obtained a license (sufficient for the conduct of its business as currently
conducted and as currently proposed to be conducted) to all such third party's Intellectual Property in such work, material or invention by operation of law or by valid assignment, to the fullest
extent it is legally possible to do so. 

7

  

	(f)
	CSERV
has not transferred ownership of, or granted any exclusive license with respect to, any Intellectual Property that is or was material to CSERV Intellectual Property, to any
third party.

	(g)
	The
CSERV Schedules list all material contracts, licenses and agreements to which CSERV is a party as of the date hereof (i) with respect to CSERV Intellectual Property
licensed or transferred to any third party (other than end-user licenses in the ordinary course); or (ii) pursuant to which a third party has licensed or transferred any material
Intellectual Property to CSERV. All material contracts, licenses and agreements relating to CSERV Intellectual Property are in full force and effect. The consummation of the transactions contemplated
by this Agreement will neither violate nor result in the breach, modification, cancellation, termination or suspension of such contracts, licenses and agreements. CSERV is in material compliance with,
and has not materially breached any term of any of such contracts, licenses and agreements and, to the knowledge of CSERV, all other parties to such contracts, licenses and agreements are in
compliance with, and have not materially breached any term of, such contracts, licenses and agreements. Following the Closing Date, the CSERV will be permitted to exercise all of CSERV's rights under
such contracts, licenses and agreements to the same extent CSERV would have been able to had the transactions contemplated by this Agreement not occurred and without the payment of any additional
amounts or consideration other than ongoing fees, royalties or payments which CSERV would otherwise be required to pay.

	(h)
	The
operation of the business of CSERV, including CSERV's design, development, manufacture, marketing and sale of the products or services of CSERV (including products and services
currently under development) has not, does not and will not infringe or misappropriate the Intellectual Property of any third party in any respect adverse to such party or constitute unfair
competition or trade practices under the laws of any jurisdiction.

	(i)
	CSERV
has not received notice from any third party that the operation of the business of CSERV or any act, product or service of CSERV, infringes or misappropriates the Intellectual
Property of any third party or constitutes unfair competition or trade practices under the laws of any jurisdiction.

	(j)
	To
the knowledge of CSERV, no person has or is infringing or misappropriating, in any respect materially adverse to CSERV, any CSERV Intellectual Property.

	(k)
	CSERV
has taken reasonable steps to protect CSERV's rights in CSERV's confidential information and trade secrets that it wishes to protect or any trade secrets or confidential
information of third parties provided to CSERV, and, without limiting the foregoing, CSERV has and enforces a policy requiring each employee and software and/or web development contractor (and the
like) to execute a proprietary information/confidentiality agreement and all current employees (including leased employees from), software and/or web development contractors (and the like) of CSERV
have executed such an agreement. CSERV has attached and incorporated herein by this reference a list of individuals, employees, independent contractors and consultants who have signed and executed
confidentiality agreements with CSERV in CSERV Schedule 2.7(k). Furthermore, as part of its due diligence CSERV has and will provide Purchaser with copies of any, all, contracts and agreements
with individuals, employees, independent contractors and consultants who have signed and executed confidentiality agreements with CSERV. 

 
 

           2.8    Compliance; Permits; Restrictions.     CSERV is not in any material respect in conflict with, or in
default or in violation of (i) any law, rule, regulation, order, judgment or decree applicable
to CSERV or by which CSERV or any of its respective properties is bound or affected or (ii) any material note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise
or other instrument or 

8

 

obligation
to which CSERV is a party or by which CSERV or any of its respective properties is bound or affected, except for conflicts, violations and defaults that (individually or in the aggregate)
would not cause CSERV to lose any material benefit or incur any material liability. To CSERV's knowledge, no investigation or review by any Governmental Entity is pending or has been threatened
against CSERV, nor, to CSERV's knowledge, has any Governmental Entity indicated an intention to conduct an investigation of CSERV. There is no material agreement, judgment, injunction, order or decree
binding upon CSERV which has or would reasonably be expected to have the effect of prohibiting or materially impairing any business practice of CSERV or Purchaser, any acquisition of material property
by CSERV or the conduct of business by CSERV as currently conducted. 

	(a)
	CSERV
holds, to the extent legally required, all permits, licenses, variances, exemptions, orders and approvals from Governmental Entities that are material to and required for the
operation of the business of CSERV as currently conducted (collectively, the "CSERV Permits"). CSERV is in compliance in all material respects with the terms of the CSERV Permits, except where the
failure to be in compliance with the terms of the CSERV Permits would not be material to CSERV or Purchaser.

	(b)
	There
is no agreement (non-compete or otherwise), commitment, judgment, injunction, order or decree to which CSERV is a party or otherwise binding upon CSERV which has, or
may have the effect of, prohibiting or impairing any business practice of CSERV, any acquisition of property or assets (whether tangible or intangible) by CSERV, the conduct of business by CSERV in
any manner or otherwise limiting the freedom of CSERV to engage in any line of business or compete with any person. CSERV has not entered into any agreement, understanding or other arrangement under
which CSERV is prohibited or restricted in any manner from selling, licensing or otherwise distributing any technology or products to, or providing services to, customers or potential customers or any
class of customers, in any geographic area, during any period of time or in any segment of the market. 

 
 

           2.9    Litigation.     There are no claims, suits, actions or proceedings pending or, to the knowledge of
CSERV, threatened against, relating to or affecting CSERV, before any court,
governmental department, commission, agency, instrumentality or authority, or any arbitrator that seeks to restrain or enjoin the consummation of the transactions contemplated by this Agreement or
which would reasonably be expected, either singularly or in the aggregate with all such claims, suits, actions or proceedings, to be material and adverse to CSERV. No Governmental Entity has at any
time challenged or questioned in a writing delivered to CSERV the legal right of CSERV to design, manufacture, offer or sell any of its products or services in the present manner or style thereof. As
of the date hereof, to the knowledge of CSERV, no event has occurred, and no claim, dispute or other condition or circumstance exists, that will, or that would reasonably be expected to, cause or
provide a bona fide basis for a director or executive officer of CSERV to seek indemnification from CSERV. 

 
 

           2.10    Brokers' and Finders' Fees.     CSERV has not incurred, nor will it incur, directly or indirectly,
any liability for brokerage or finders' fees or agents' commissions or any similar charges in
connection with this Agreement or any transaction contemplated hereby. 

 
 

           2.11    Employee Benefit Plans.     

	(a)
	Effect of Transaction.    The execution of this Agreement and the consummation of the transactions contemplated hereby will
not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any CSERV Employee Plan or Employee Agreement that will or may result in any payment (whether
of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee. 

9

 

	(b)
	Employment Matters.    CSERV: (i) is in compliance in all material respects with all applicable foreign, federal,
state and local laws, rules and regulations respecting employment, employment practices, terms and conditions of employment and wages and hours, in each case, with respect to Employees;
(ii) has withheld all amounts required by law or by agreement to be withheld from the wages, salaries and other payments to Employees; (iii) is not liable for any arrears of wages or any
taxes or any penalty for failure to comply with any of the foregoing; and (iv) is not liable for any material payment to any trust or other fund or to any governmental or administrative
authority, with respect to unemployment compensation benefits, social security or other benefits or obligations for Employees (other than routine payments to be made in the normal course of business
and consistent with past practice). There are no pending, threatened or reasonably anticipated claims or actions against CSERV under any worker's compensation policy or long-term
disability policy. To CSERV's knowledge, no employee of CSERV has violated any employment contract, nondisclosure agreement or noncompetition agreement by which such employee is bound due to such
employee being employed by CSERV and disclosing to CSERV or using trade secrets or proprietary information of any other person or entity.

	(c)
	Labor.    To the knowledge of CSERV, no work stoppage or labor strike against CSERV is pending, threatened or reasonably
anticipated. CSERV has no knowledge of any activities or proceedings of any labor union to organize any Employees. To the knowledge of CSERV, there are no actions, suits, claims, labor disputes or
grievances pending, threatened or reasonably anticipated relating to any labor, safety or discrimination matters involving any Employee, including, without limitation, charges of unfair labor
practices or discrimination complaints, which, if adversely determined, would, individually or in the aggregate, result in any material liability to CSERV. CSERV has not engaged in any unfair labor
practices within the meaning of the National Labor Relations Act. CSERV is not presently, nor has it been in the past, a party to, or bound by, any collective bargaining agreement or union contract
with respect to Employees and no collective bargaining agreement is being negotiated by CSERV.

	(d)
	International Employee Plan.    CSERV does not now, nor has it ever had the obligation to, maintain, establish, sponsor,
participate in, or contribute to any International Employee Plan. 

 
 

          2.12    Agreements, Contracts and Commitments.     Except as otherwise set forth in Part 2.12 of the
CSERV Schedules, as of the date hereof CSERV is not a party to or bound by: 

	(a)
	any
employment or consulting agreement, contract or commitment currently in force with any employee, officer or member of CSERV's Board of Directors, other than those that are
terminable by CSERV or any of its subsidiaries on no more than thirty (30) days' notice without liability or financial obligation, except to the extent general principles of wrongful
termination law may limit CSERV's ability to terminate employees at will;

	(b)
	any
agreement of indemnification or any guaranty by CSERV currently in force other than any agreement of indemnification entered into in connection with the sale or license of
software products in the ordinary course of business;

	(c)
	any
agreement, contract or commitment containing any covenant currently in force limiting in any respect the right of CSERV to engage in any line of business or to compete with any
person or granting any exclusive distribution rights;

	(d)
	any
agreement, contract or commitment currently in force relating to the disposition or acquisition by CSERV after the date of this Agreement of a material amount of assets not in the
ordinary course of business or pursuant to which CSERV has any material ownership interest in any corporation, partnership, joint venture or other business enterprise other than CSERV's subsidiaries; 

10

 

	(e)
	any
joint marketing or development agreement currently in force under which CSERV or any of its subsidiaries have continuing material obligations to jointly market any product,
technology or service and which may not be canceled without penalty upon notice of ninety (90) days or less, or any material agreement pursuant to which CSERV has continuing material
obligations to jointly develop any intellectual property that will not be owned, in whole or in part, by CSERV and which may not be canceled without penalty upon notice of ninety (90) days or
less;

	(f)
	any
agreement, contract or commitment currently in force to provide source code to any third party for any product or technology that is material to CSERV;

	(g)
	any
agreement or plan currently in force, including, without limitation, any stock option plan, stock appreciation right plan or stock purchase plan, any of the benefits of which will
be increased, or the vesting of benefits of which will be accelerated, by the occurrence of any of the transactions contemplated by this Agreement or the value of any of the benefits of which will be
calculated on the basis of any of the transactions contemplated by this Agreement;

	(h)
	any
agreement, contract or commitment currently in force to sell or distribute any CSERV products, service or technology except agreements with distributors or sales representatives
in the normal course of business cancelable without penalty upon notice of ninety (90) days or less and substantially in the form previously provided or made available to Purchaser;

	(i)
	any
mortgages, indentures, guarantees, loans or credit agreements, security agreements or other agreements or instruments currently in force relating to the borrowing of money or
extension of credit;

	(j)
	any
settlement agreement entered into within two (2) years prior to the date of this Agreement; or

	(k)
	any
other agreement, contract or commitment that has a value of A$25,000 or more individually, excluding payments to Clear Objective Pty. Ltd. for license fees.

	(l)
	Neither
CSERV, nor to CSERV's knowledge any other party to a material Contract, is in breach, violation or default under, and CSERV has not received written notice that it has
breached, violated or defaulted under, any of the material terms or conditions of any material Contract to which CSERV is bound, in such a manner as would permit any other party to cancel or terminate
any such material Contract, or would permit any other party to seek material damages or other remedies (for any or all of such breaches, violations or defaults, in the aggregate). 

 
 

          2.13    Insurance.     CSERV maintains insurance policies and fidelity bonds covering the assets, business,
equipment, properties, operations, employees, officers and directors of CSERV
(collectively, the "Insurance Policies") which are set forth on Part 2.13 of the CSERV Schedules. There is no material claim by CSERV pending under any of the material Insurance Policies as to
which coverage has been questioned, denied or disputed by the underwriters of such policies or bonds. 

 
 

           2.14    Contingent Payment Arrangements.     Following the Closing, neither Purchaser nor CSERV will have
any obligation to make any payments to any individual or entity based upon the financial performance
of CSERV. 

11

 
 
 

ARTICLE 3.    
    
    REPRESENTATIONS AND WARRANTIES OF EACH SHAREHOLDER    
    

        As of the date hereof and as of the Closing Date, each of the Shareholders further represents and warrants to Purchaser, as follows: 

 
 

          3.1    Ownership of Shares.     As of the date hereof, such Shareholder is the sole record and beneficial
owner of the shares of CSERV Capital Stock designated as being owned by such Shareholder
opposite such Shareholder's name in Part 2.2(a) of the CSERV Schedules. As of the Closing, such Shareholder will be the sole record and beneficial owner of the shares of CSERV Capital Stock
designated as being owned by such Shareholder opposite such Shareholder's name in Part 2.2(a) of the CSERV Schedules. Such shares are not subject to any Encumbrances and will not become subject
to any Encumbrances upon transfer to the Purchaser, and such Shareholder has not granted any rights to purchase such shares to any other person or entity. Such Shareholder has the sole right to
transfer such shares to Purchaser. Such shares constitute all of the CSERV Capital Stock owned by such Shareholder, and such Shareholder has no options, warrants or other rights to acquire CSERV
Capital Stock. Upon the Closing, Purchaser will receive good title to such shares, subject to no Encumbrances retained, granted or permitted by such stockholder or CSERV. Such Shareholder has not
engaged in any sale or other transfer of any CSERV Capital Stock in contemplation of the transactions contemplated by this Agreement. 

 
 

          3.2    Authority; Non-Contravention.     

	(a)
	Such
Shareholder has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Shareholder. This Agreement has been duly executed and
delivered by such Shareholder and, assuming due execution and delivery by other parties hereto, constitutes a valid and binding obligation of such Shareholder, enforceable against such Shareholder in
accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws and general principles of equity. The execution and delivery of this Agreement by such
Shareholder does not, and the performance of this Agreement by such Shareholder will not, (i) if applicable, conflict with the organizational documents of such Shareholder, (ii) conflict
with or violate any law, rule, regulation, order, judgment or decree applicable to such Shareholder or by which Shareholder or, if applicable, any of its respective properties is bound or affected,
subject to compliance with the requirements set forth in Section 3.2(b) below.

	(b)
	No
consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Entity, is required to be obtained or made by such Shareholder in
connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except for (i) such consents, approvals, orders, authorizations,
registrations, declarations and filings as may be required under applicable federal, foreign and state securities (or related) laws, and the securities or antitrust laws of any foreign country, and
(ii) such other consents, authorizations, filings, approvals and registrations which if not obtained or made would not be material to Purchaser or CSERV or have a material adverse effect on the
ability of the parties hereto to consummate the transactions contemplated by the Agreement. 

 
 

          3.3    Investment Representations.     

	(a)
	Shareholder
is aware of the Purchaser's business affairs and financial condition and has acquired sufficient information about the Purchaser to reach an informed and knowledgeable
decision to acquire the securities. Shareholder is purchasing such Shareholder's allocation of 

12

 

the
Share Payment for investment for his own account only and not with a view to, or for resale in connection with, any "distribution" thereof within the meaning of the Securities Act of 1933, as
amended (the "Securities Act"). 

	(b)
	Shareholder
understands that the shares constituting the Share Payment have not been registered under the Securities Act by reason of a specific exemption therefrom, which exemption
depends upon, among other things, the bona fide nature of his investment intent and other representations as expressed herein.

	(c)
	Shareholder
further acknowledges and understands that the Shareholder's portion of the shares constituting the Share Payment must be held relative to the terms and conditions of
Rule 144 by the Securities and Exchange Commission (the "SEC") unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Shareholder
understands that the certificate evidencing such Shareholder's portion of the Share Payment will be imprinted with a legend which prohibits the transfer of the securities unless they are registered or
such registration is not required in the opinion of counsel for the Purchaser. Shareholder further acknowledges that the Purchaser is under no obligation to register the shares constituting the Share
Payment.

	(d)
	Shareholder
is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act or Shareholder, by reason of Shareholder's business
or financial experience has the capacity to protect Shareholder's own interests in connection with the receipt of the shares constituting the Share Payment.

	(e)
	Shareholder
is aware of the adoption of Rule 144 by the Securities and Exchange Commission (the "SEC"), promulgated under the Securities Act, which permits limited public
resale of securities acquired in a non-public offering subject to the satisfaction of certain conditions set forth therein, including, among other things, a one-year holding
period, the availability of certain public information about the issuer, the requirement that the sale be effect through a "broker's transaction" or in transactions directly with a "market maker" (as
defined in Rule 144) and the number of shares being sold in any three-month period not exceeding specific limitations.

	(f)
	Shareholder
further acknowledges that in the event all of the requirements of Rule 144 are not met, some other registration exemption will be required; and that although
Rule 144 is not exclusive, the staff of the SEC has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and other than pursuant
to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales and that such persons and the brokers who
participate in the transactions do so at their own risk.

	(g)
	The
Shareholder understands that Shareholder (and not the Purchaser) shall be responsible for his own federal, state, local or foreign tax liability and any of his other tax
consequences that may arise as a result of the transactions contemplated by this Agreement. Shareholder shall rely solely on the determinations of his tax advisors or his own determinations, and not
on any statements or representations by the Purchaser or any of its agents, with regard to all such tax matters.

	(h)
	Shareholder
understands that the transfer of the Shares has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such securities or
the payment or receipt of any part of the consideration therefore prior to such qualification is unlawful unless the sale of securities is exempt from qualification by the California Corporations
Code. 

13

 

 
 

ARTICLE 4.    
    
    REPRESENTATIONS AND WARRANTIES OF PURCHASER    
    

        As of the date hereof and as of the Closing Date, Purchaser represents and warrants to each Shareholder, subject to the exceptions specifically disclosed in
writing in the disclosure letter and referencing a specific representation (unless it would be clearly apparent to a reasonable person that the disclosure would be relevant to another representation)
supplied by Purchaser to each of the Shareholders dated as of the date hereof and certified by a duly authorized officer of Purchaser (the "Purchaser Schedules"), as follows: 

 
 

           4.1    Authority; Non-Contravention.     

	(a)
	Purchaser
has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Purchaser. This Agreement has been duly executed and
delivered by Purchaser and assuming execution and delivery by the other parties hereto constitutes a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its
terms, except as enforceability may be limited by bankruptcy and other similar laws and general principles of equity. The execution and delivery of this Agreement by Purchaser does not, and the
performance of this Agreement by Purchaser will not, (i) conflict with the Purchaser Charter Documents (as defined below), (ii) conflict with or violate any law, rule, regulation, order,
judgment or decree applicable to Purchaser or any of its subsidiaries or by which Purchaser or any of its subsidiaries or any of their respective properties are bound or affected, subject to
compliance with the requirements set forth in Section 4.1(b) below or (iii) result in any breach of or constitute a default (or an event that with notice or lapse of time or both would
become a material default) under, or impair Purchaser's rights or alter the rights or obligations of any third party under, or give to others any rights of termination, amendment, acceleration or
cancellation of, or result in the creation of lien or Encumbrance on any of the properties or assets of Purchaser or any of its subsidiaries pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit, franchise, concession, or other instrument or obligation to which Purchaser or any of its subsidiaries is a party or by which Purchaser or any of its subsidiaries or
its or any of their respective assets are bound or affected, any of which would result in a Material Adverse Effect on Purchaser. Part 4.1(a) of the Purchaser Schedules lists all consents,
waivers and approvals under any of Purchaser's or any of its subsidiaries' agreements, contracts, licenses or leases required to be obtained in connection with the consummation of the transactions
contemplated hereby, which, if individually or in the aggregate not obtained, would result in a material loss of benefits to the Purchase.

	(b)
	No
consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Entity, is required to be obtained or made by Purchaser or any of its
subsidiaries in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated by this Agreement, except for (i) such consents, approvals,
orders, authorizations, registrations, declarations and filings as may be required under applicable federal, foreign and state securities (or related) laws, the HSR Act and the securities or antitrust
laws of any foreign country and (ii) such other consents, authorizations, filings, approvals and registrations which if not obtained or made would not be material to Purchaser or have a
material adverse effect on the ability of the parties hereto to consummate the transactions contemplated by this Agreement. 

14

 

 
 

          4.2    Organization of Purchaser.     

	(a)
	Purchaser
is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all necessary power and authority:
(i) to conduct its business in the manner in which its business is currently being conducted; (ii) to own and use its assets in the manner in which its assets are currently owned and
used; and (iii) to perform its obligations under all material Contracts by which it is bound.

	(b)
	Purchaser
is qualified to do business as a foreign corporation, and is in good standing, under the laws of all jurisdictions where the nature of its business requires such
qualification and where the failure to so qualify would have a Material Adverse Effect on Purchaser.

	(c)
	Purchaser
has delivered or made available to CSERV a true and correct copy of the Certificate of Incorporation and Bylaws of Purchaser, each as amended to date (collectively, the
"Purchaser Charter Documents"), and each such instrument is in full force and effect. Purchaser is not in violation of any of the provisions of the Purchaser Charter Documents. 

 
 

          4.3    Purchaser SEC Filings; Financial Statements.     

	(a)
	Purchaser
has filed all forms, reports and documents required to be filed with the SEC. All such required forms, reports and documents (including those that Purchaser may file
subsequent to the date hereof) are referred to herein as the "Purchaser SEC Reports"). As of their respective dates (or, if amended, as of the respective dates of such amendments), Purchaser SEC
Reports (i) complied as to form in all material respects with the requirements of the Securities Act, or the Exchange Act of 1934, as amended (the "Exchange Act"), as the case may be, and the
rules and regulations of the SEC thereunder applicable to such Purchaser SEC Reports and (ii) did not at the time they were filed contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. None of
Purchaser's subsidiaries is required to file any forms, reports or other documents with the SEC.

	(b)
	Each
of the consolidated financial statements (including, in each case, any related notes thereto) contained in Purchaser SEC Reports (the "Purchaser Financials") (i) complied
as to form in all material respects with the published rules and regulations of the SEC with respect thereto, (ii) was prepared in accordance with GAAP applied on a consistent basis throughout
the periods involved (except as may be indicated in the notes thereto or, in the case of unaudited interim financial statements, as may be permitted by the SEC on Form 10-Q under
the Exchange Act) and (iii) fairly presented the consolidated financial position of Purchaser and its subsidiaries as at the respective dates thereof and the consolidated results of Purchaser's
operations and cash flows for the periods indicated, except that unaudited interim financial statements may not contain footnotes and were or are subject to normal and recurring year-end
adjustments which would not have a Material Adverse Effect on Purchaser. 

 
 

          4.4    No Material Adverse Change.     Since June 14, 2005, there has not been a Material Adverse Effect
on Purchaser. 

 
 

           4.5    Brokers' and Finders' Fees.     Neither Purchaser nor its subsidiaries have incurred, nor will they
incur, directly or indirectly, any liability for brokerage or finders' fees or agents'
commissions or any similar charges in connection with this Agreement or any transaction contemplated hereby. 

 
 

          4.6    Corporate Approvals.     The Board of Directors of Purchaser has, as of the date of this Agreement,
approved this Agreement and the transactions contemplated hereby. To the extent
necessary, as of the Closing, the Stockholders of the Purchaser will have approved this Agreement and the transactions contemplated hereby. 

15

 

 
 

          4.7    Share Issuance.     The shares representing the Share Payment when delivered will be duly authorized,
fully paid and non-assessable. 

 
 

ARTICLE 5.    
    
    CONDUCT PRIOR TO THE CLOSING DATE    
    

 
 
        5.1    Conduct of Business of CSERV.     During the period from the date of this Agreement and continuing until the
earlier of the termination of this Agreement or the Closing, CSERV agrees to, and the
Shareholders agree to cause CSERV to, carry on CSERV's business in the usual, regular and ordinary course in substantially the same manner as heretofore conducted, to pay the debts and Taxes of CSERV
when due, to pay or perform other obligations when due, and, to the extent consistent with such business, use all reasonable efforts consistent with past practice and policies to preserve intact
CSERV's present business organization, keep available the services of CSERV's present officers and employees and preserve CSERV's relationships with customers, suppliers, distributors, licensors,
licensees and others having business dealings with it, all with the goal of preserving unimpaired CSERV's goodwill and ongoing business at the Closing. Except as expressly contemplated by
Part 5.1(a) of the CSERV Schedules or as otherwise expressly provided in this Agreement, CSERV shall not, and the Shareholders shall cause CSERV to not, without the prior written consent of
Purchaser: 

	(a)
	other
than performing the Contracts listed in the CSERV Schedules in accordance with their terms existing on the date hereof, make any expenditure or enter into any transaction
exceeding A$25,000 or any commitment or transaction of the type described in Section 2.12 hereof, except in the case of License fee payments to Clear Objective Pty. Ltd.;

	(b)
	sell,
license or transfer to any person or entity of any rights to any CSERV Intellectual Property or enter into any agreement with respect to the CSERV Intellectual Property with any
person or entity other than in the ordinary course of business consistent with past practice;

	(c)
	amend
or change its Articles of Incorporation or Bylaws;

	(d)
	revalue
any of its assets, including without limitation writing down the value of inventory or writing off notes or accounts receivable other than in the ordinary course of business
consistent with past practice;

	(e)
	issue,
sell, grant, contract to issue, grant or sell, or authorize the issuance, delivery, sale or purchase of any shares of CSERV Capital Stock or securities convertible into, or
exercisable or exchangeable for, shares of CSERV Capital Stock, or any securities, warrants, options or rights to purchase any of the foregoing;

	(f)
	declare,
set aside or pay any dividends on or make any other distributions (whether in cash, stock or property) in respect of any CSERV Capital Stock, or split, combine or reclassify
any shares of CSERV Capital Stock, or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for shares of CSERV Capital Stock, or repurchase, redeem, or
otherwise acquire, directly or indirectly, any shares of CSERV Capital Stock (or options, warrants or other rights convertible into, exercisable or exchangeable therefor);

	(g)
	grant
any severance or termination pay (i) to any director or officer or (ii) to any employee, or increase in the salary or other compensation payable or to become
payable by CSERV to any of its officers, directors, employees or advisors, or declare, pay or make any commitment or obligation of any kind for the payment by CSERV of a bonus or other additional
salary or compensation to any such person, or adopt or amend any employee benefit plan or enter into any employment contract other than in the ordinary course of business consistent with past
practice; 

16

  

	(h)
	sell,
lease, license or otherwise dispose of any of the assets or properties of CSERV which are not Intellectual Property other than in the ordinary course of business and consistent
with past practices, including but not limited to the performance of obligations under contractual arrangements existing as of the date hereof set forth on the CSERV Schedules, or create any security
interest in such assets or properties;

	(i)
	grant
any loan to any person or entity except for accounts receivable in the ordinary course of business consistent with past practice, incur any indebtedness or guarantee any
indebtedness except for accounts payable incurred in the ordinary course of business consistent with past practice, issue or sell any debt securities, guarantee any debt securities of others, purchase
any debt securities of others or amend the terms of any outstanding agreements related to borrowed money, except for advances to employees for travel and business expenses in the ordinary course of
business consistent with past practice;

	(j)
	amend
in any material respect or otherwise modify (or agree to do so), or violate the terms of any of the Contracts set forth or described in the CSERV Schedules or enter into any
material Contract except in the ordinary course of business consistent with past practice;

	(k)
	commence
or settle any litigation;

	(l)
	acquire
or agree to acquire by merging or consolidating with, or by purchasing any assets or equity securities or, or by any other manner, any business or any corporation,
partnership, association or other business organization or division thereof, or otherwise acquire or agree to acquire any assets which are material, individually or in the aggregate, to CSERV's
businesses;

	(m)
	pay,
discharge or satisfy, in an amount in excess of A$25,000 (in any one case) or A$50,000 (in the aggregate), any claim, liability or obligation (absolute, accrued, asserted or
unasserted, contingent or otherwise), other than the payment, discharge or satisfaction of liabilities in the ordinary course of business and in a manner consistent with past practice;

	(n)
	make
or change any material election in respect of Taxes, adopt or change any accounting method in respect of Taxes, enter into any closing agreement, settle any claim or assessment
in respect of Taxes, or consent to any extension or waiver of the limitation period applicable to any claim or assessment in respect of Taxes;

	(o)
	terminate
any employees other than for cause or encourage any employees to resign from CSERV;

	(p)
	enter
into any contract, purchase order or other agreement pursuant to which CSERV would be required to book any amounts due thereunder as deferred revenue; or

	(q)
	take
or agree in writing or otherwise to take any of the actions described in the preceding clauses (a) through (p) of this Section 5.1 or any other action that
would prevent CSERV from performing or cause CSERV not to perform its covenants hereunder. 

 
 

           5.2    Exclusivity.     Until the earlier of (i) the Closing or (ii) the date of termination of
this Agreement pursuant to the provisions of Section 9.1 hereof,
CSERV and the Shareholders, jointly and severally, agree that they shall not (nor shall they permit any of their respective officers, directors, agents, representatives or affiliates to) directly or
indirectly, take any of the following actions with any party other than Purchaser and its designees: (a) solicit, encourage, initiate or participate in any inquiry, negotiations or discussions
or enter into any agreement with respect to any offer or proposal to acquire any portion of CSERV's business and properties or any shares of CSERV Capital Stock (whether or not outstanding) whether by
merger, purchase of assets, tender offer or otherwise, or effect any such transaction, (b) disclose any information not customarily disclosed to such person concerning CSERV's business,
technologies, or properties, or afford to any person or entity access to its properties, technologies, books or records, not customarily afforded such access, (c) assist or cooperate with any 

17

 

person
to make any proposal to purchase all or any part of the CSERV Capital Stock or CSERV's assets or (d) solicit, negotiate or enter into any agreement with any person providing for the
acquisition of CSERV (whether by way of merger, purchase of assets, tender offer or otherwise). In the event CSERV or any Shareholder shall receive, prior to the Closing or the termination of this
Agreement, any offer or proposal, directly or indirectly, of the type referred to in clause (a) or (c) above, or any request for disclosure or access pursuant to clause (b) above,
CSERV and the Shareholders shall immediately inform Purchaser as to any such offer or proposal, including information as to the identity of the offeror or the party making such offer or proposal and
the specific terms of such offer or proposal, as the case may be. The parties hereto agree that irreparable damage would occur in the event that the provisions of this Section 5.2 were not
performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed by CSERV and the Shareholders that Purchaser shall be entitled to seek an injunction or
injunctions to prevent breaches of the provisions of this Section 5.2 and to enforce specifically the terms and provisions hereof in any court of the United States or any state having
jurisdiction, this being in addition to any other remedy to which Purchaser may be entitled at law or in equity. Without limiting the foregoing, it is understood that any violation of the restrictions
set forth in this Section 5.2 by any officer, director or employee of CSERV or a Shareholder or any investment banker, attorney or other advisor or representative of CSERV or a Shareholder
shall be deemed to be a breach of this Section 5.2. 

 
 

ARTICLE 6.    
    
    ADDITIONAL AGREEMENTS    
    

 
 
        6.1    Restrictions on Transfer     

	(a)
	All
certificates representing Common Stock of Purchaser and deliverable to any Shareholder pursuant to this Agreement and any certificates subsequently issued with respect thereto or
in substitution therefor (including any shares issued or issuable in respect of any such shares upon any stock split, stock dividend, recapitalization, conversion or similar event) shall be stamped or
otherwise imprinted with legends in the following form: 

        THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR A LEGAL OPINION IN ACCORDANCE WITH A WRITTEN OPINION OF COUNSEL, REASONABLY ACCEPTABLE TO THE ISSUER IN FORM AND SUBSTANCE, THAT SUCH TRANSFER IS
EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933. 

        THE
TRANSFER RESTRICTIONS APPLICABLE TO THESE SHARES ARE BINDING ON TRANSFEREES OF THESE SHARES. 

	(b)
	The
shares comprising the Share Payment will not be registered under the Securities Act.

	(c)
	No
Shareholder shall be permitted to sell or otherwise dispose of any of the shares comprising the Share Payment pursuant to this Agreement, unless the resale of such shares has been
registered under the Securities Act by the Purchaser or Purchaser receives an unqualified written opinion of counsel reasonably acceptable to it stating that the proposed transfer of such shares may
be effected without registration under the Securities Act.

	(d)
	Purchaser
shall be entitled to impose "stop-transfer" orders with the transfer agent for its Common Stock to enforce the provisions of this Section 6.1. 

18

 

	(e)
	Each
Shareholder agrees not to sell or otherwise transfer or dispose of any shares of Purchaser Common Stock deliverable to pursuant to this Agreement unless the transferee agrees to
be bound by the restrictions of this Section 6.1. 

 
 

           6.2    Access to Information.     Prior to closing, CSERV shall afford, and the Shareholders shall cause
CSERV to afford, Purchaser and its accountants, counsel and other representatives
reasonable access, including an audit, during normal business hours during the period prior to the Closing to (a) all of CSERV's properties, books, contracts, commitments and records,
(b) all other information concerning the business, properties and personnel (subject to restrictions imposed by applicable law) of CSERV and (c) all key employees of CSERV. CSERV agrees,
and the Shareholders shall cause CSERV, to provide to Purchaser and its accountants, counsel and other representatives copies of internal financial statements promptly upon request. No information or
knowledge obtained in any investigation pursuant to this Section 6.2 shall affect or be deemed to modify any representation or warranty contained herein or the conditions to the obligations of
the parties to consummate the transactions contemplated by this Agreement. 

 
 

          6.3    Expenses.     Whether or not the transactions are consummated, all fees and expenses incurred in
connection with the transactions contemplated hereby including, without
limitation, all legal, accounting, financial advisory, consulting and all other fees and expenses of third parties incurred by a party hereto in connection with the negotiation and effectuation of the
terms and conditions of this Agreement and the transactions contemplated hereby or thereby, shall be the obligation of the respective party incurring such fees and expenses. 

 
 

          6.4    Consents.     CSERV shall use commercially reasonable efforts, and the Shareholders shall use
commercially reasonable efforts to cause CSERV, to obtain the consents, waivers
and approvals under any of the Contracts required in connection with the transactions contemplated hereby, including all such consents, waivers and approvals set forth in CSERV Schedules, so as to
preserve all rights of, and benefits to, Purchaser thereunder. 

 
 

           6.5    Reasonable Efforts.     Subject to the terms and conditions provided in this Agreement, each of the
parties hereto shall use commercially reasonable efforts to take promptly, or cause to
be taken, all actions, and to do promptly, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions
contemplated hereby, to obtain all necessary waivers, consents and approvals and to effect all necessary registrations and filings (including any filings or registrations necessary to perfect
Purchaser's ownership of any CSERV Registered Intellectual Property after the Closing) and to remove any injunctions or other impediments or delays, legal or otherwise, in order to consummate and make
effective the transactions contemplated by this Agreement for the purpose of securing to the parties hereto the benefits contemplated by this Agreement. 

 
 

          6.6    Notification of Certain Matters.     CSERV and the Shareholders shall give prompt notice to Purchaser
of (i) the occurrence or non-occurrence of any event, the occurrence or
non-occurrence of which would cause any representation or warranty of CSERV or the Shareholders contained in this Agreement to be untrue or inaccurate, such that the condition set forth in
Section 7.2(a) would not be satisfied and (ii) any failure of CSERV or the Shareholders, as the case may be, to comply with or satisfy in all material respects any covenant, condition or
agreement to be complied with or satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 6.10 shall not limit or otherwise affect any remedies
available to the party receiving such notice. No disclosure by CSERV pursuant to this Section 6.6 shall be deemed to amend or supplement the CSERV Schedules or prevent or cure any
misrepresentation, breach of warranty or breach of covenant. Purchaser shall give prompt notice to CSERV and the Shareholders of (i) the occurrence or non-occurrence of any event,
the occurrence or non-occurrence of would cause any representation or warranty of Purchaser contained in this Agreement to be untrue or inaccurate, such that the condition set forth in 

19

 

Section 7.3(a)
would not be satisfied and (ii) any failure of Purchaser to comply with or satisfy in all material respects any covenant, condition or agreement to be complied with or
satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 6.6 shall not limit or otherwise affect any remedies available to the party receiving such
notice. No disclosure by Purchaser pursuant to this Section 6.6 shall be deemed to amend or supplement the Purchaser Schedules or prevent or cure any misrepresentation, breach of warranty or
breach of covenant. 

 
 

           6.7    Cooperation of Independent Accountants.     At Purchaser's request, CSERV shall use commercially
reasonable efforts, and the Stockholders shall use commercially reasonable efforts to cause CSERV, to cause
its accountants or lawyers, to provide assistance, to Purchaser, its affiliates and successors and Purchaser's independent accountants or lawyers in connection with the filing of any
(i) registration statement under the Securities Act and (ii) periodic or current reports required to be filed by Purchaser pursuant to the Exchange Act. 

 
 

           6.8    Consulting and Non-Competition Agreements.     Prior to the Closing, each Shareholder listed on
Exhibit A shall deliver to Purchaser a duly executed Consulting Agreement between the Australian Companies
he is a principal to and Shareholders shall use all reasonable efforts to deliver or cause to be delivered to Purchaser a duly executed Consulting Agreement from each individual listed on
Exhibit A. Prior to Closing, Shareholders and such companies shall deliver duly executed Consulting Agreements. 

 
 

           6.9    Contingent Payment Agreements.     CSERV and the Shareholders shall use all reasonable efforts to
cause any other existing obligation of CSERV to make payments to any individual or entity based
upon the financial performance of CSERV to be terminated as of immediately prior to the Closing and shall obtain a release from each such individual or entity releasing Purchaser and CSERV and their
respective subsidiaries against any and all claims arising out of such contingent payment arrangement. 

 
 

           6.10    Director Resignations.     Each Shareholder who is a director, by signature below, hereby tenders
resignation from the CSERV Board of Directors, effective on the Closing. Each Shareholder
who has the right to appoint and remove a director shall take all measures to remove all directors elected by such Shareholder effective on the Closing. 

 
 

          6.11    Release.     As of and following the Closing, each Shareholder, on behalf of himself, herself or
itself, as the case may be, and his, her or its respective heirs, family
members, executors, successors and assigns, hereby fully and forever releases CSERV, and their respective officers, directors, employees, investors, shareholders, administrators, affiliates,
divisions, subsidiaries, predecessor and successor corporations, and assigns (collectively, the "Released Parties"), from, and agrees not to sue concerning, any claim, duty, obligation or cause of
action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that he, she or it may possess arising from any omissions, acts or facts that have occurred up
until the Closing (other than with respect to claims for payment of ordinary course salary not in arrears as of the date hereof), including: 

	(a)
	any
and all claims arising under Shareholder's employment arrangements or employment relationship with CSERV and its respective subsidiaries;

	(b)
	any
and all claims arising under that certain Stockholder's Agreement; and

	(c)
	any
and all claims relating to, or arising from, Shareholder's acquisition of shares of stock. 

        Shareholder
agrees that the releases set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does
not extend to any obligations incurred under this Agreement. Each Shareholder represents that he, she or it, as the case may be, is not aware of any claims against the Released Parties other than the
claims released by this Agreement. Each Shareholder acknowledges that he, she or it, as the case may be, has been advised by 

20

 

legal
counsel and is familiar with the provisions of California Civil Code Section 1542, which provides as follows: 

        A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 

        Shareholder,
being aware of said code section, agrees to expressly waive any rights he, she or it, as the case may be, may have thereunder, as well as under any other statute or common
law principles of similar effect. 

 
 

           6.12    Termination of Employment, Contingent Payment and Buyback Arrangements.     If and to the extent a
Shareholder is a party to any employment arrangement with CSERV or any of its subsidiaries, the CSERV Stockholder's Agreement, a Contingent
Payment Arrangement and/or a Buyback Arrangement, such Shareholder agrees that such employment arrangement, CSERV Stockholder's Agreement, Contingent Payment Arrangement or Buyback Arrangement, as the
case may be, shall terminate and be of no further force effect at and following the Closing. 

 
 

ARTICLE 7.    
    
    CONDITIONS TO THE PURCHASE AND SALE OF THE SHARES    
    

 
 
        7.1    Conditions to Obligations of the Parties.     The respective obligations of each party to this Agreement to
the purchase and sale of the securities set forth in Section 1 shall be subject to the
satisfaction at or prior to the Closing of the following conditions: 

	(a)
	No Injunctions or Restraints; Illegality.    No temporary restraining order, preliminary or permanent injunction or other
order issued by any court of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the transaction contemplated by this Agreement shall be in effect, nor shall
any proceeding brought by an administrative agency or commission or other governmental authority or instrumentality, domestic or foreign, seeking any of the foregoing be pending; nor shall there be
any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the transactions contemplated hereby, which makes the consummation of the transactions
contemplated hereby illegal.

	(b)
	Permits.    All approvals from government authorities which are appropriate or necessary for the consummation of the
transactions contemplated by this Agreement, shall have been obtained. 

 
 

           7.2    Conditions to Obligations of Purchaser.     The obligation of Purchaser to consummate and effect this
Agreement and the transactions contemplated hereby shall be subject to the satisfaction at or prior to
the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by Purchaser: 

	(a)
	Representations and Warranties.    Each representation and warranty of CSERV and the Shareholders contained in this Agreement
(i) shall have been true and correct as of the date of this Agreement and (ii) shall be true and correct on and as of the Closing Date with the same force and effect as if made on the
Closing Date except, (A) in each case, or in the aggregate, as does not constitute a Material Adverse Effect on CSERV or materially affect any of the Shareholders' ability to consummate the
transactions contemplated hereby; provided, however, such Material Adverse Effect qualification shall be inapplicable with respect to the representations and warranties contained in
Section 2.2, the first three sentences of Section 2.4(a), Section 3.1 and the first three sentences of Section 3.2(a) (which representations and warranties shall have been,
and shall be, true and correct in all respects) 

21

 

and
(B) for those representations and warranties which address matters only as of a particular date (which representations shall have been true and correct (subject to the qualifications set
forth in the preceding clause (A)) as of such particular date) (it being understood that, for purposes of determining the accuracy of such representations and warranties, any update of or
modification to the CSERV Schedules made or purported to have been made after the execution of this Agreement shall be disregarded). Purchaser shall have received a certificate with respect to the
foregoing signed on behalf of CSERV by an authorized executive officer of CSERV. 

	(b)
	Agreements and Covenants.    CSERV and the Shareholders shall have performed or complied in all material respects with all
agreements and covenants required by this Agreement to be performed or complied with by them on or prior to the Closing Date, and Purchaser shall have received a certificate to such effect signed on
behalf of CSERV by an authorized executive officer of CSERV.

	(c)
	Consulting and Non-Competition.    Each of the individuals set forth on Exhibit A shall have entered into
the Consulting Agreement, and such agreements shall be in full force and effect.

	(d)
	Third Party Consents.    The consents, waivers and approvals listed in the CSERV Schedules shall have been obtained.

	(e)
	Consulting Agreement.    JAROLUIN PTY LTD and MUSHROOM SYSTEMS INTERNATIONAL PTY LTD shall have entered into
the Consulting Agreement, and such agreement shall be in full force and effect. 

 
 

           7.3    Conditions to the Obligations of the Shareholders.     The obligations of the shareholders to
consummate and effect this Agreement and the transactions contemplated hereby shall be subject to the satisfaction at or
prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by the Shareholders acting together: 

	(a)
	Representations and Warranties.    Each representation and warranty of Purchaser contained in this Agreement (i) shall
have been true and correct as of the date of this Agreement and (ii) shall be true and correct on and as of the Closing Date with the same force and effect as if made on the Closing Date
except, (A) in each case, or in the aggregate, as does not constitute a Material Adverse Effect on Purchaser; provided, however, such Material Adverse Effect qualification shall be inapplicable
with respect to the representations and warranties contained in the first three sentences of Section 4.1(a) and Section 4.7 (which representations and warranties shall have been, and
shall be, true and correct in all respects) and (B) for those representations and warranties which address matters only as of a particular date (which representations shall have been true and
correct (subject to the qualifications set forth in the preceding clause (A)) as of such particular date) (it being understood that, for purposes of determining the accuracy of such
representations and warranties, any update of or modification to the Purchaser Schedules made or purported to have been made after the execution of this Agreement shall be disregarded). The
Shareholders shall have received a certificate with respect to the foregoing signed on behalf of Purchaser by an authorized executive officer of Purchaser.

	(b)
	Agreements and Covenants.    Purchaser shall have performed or complied in all material respects with all agreements and
covenants required by this Agreement to be performed or complied with by them on or prior to the Closing Date, and the Shareholders shall have received a certificate to such effect signed on behalf of
Purchaser by an authorized executive officer of Purchaser. 

22

 

 
 

ARTICLE 8.    
    
    SURVIVAL OF REPRESENTATIONS AND WARRANTIES    
    

 
 
        8.1    Survival of Representations and Warranties.     All representations and warranties in this Agreement or in
any instrument delivered pursuant to this Agreement shall survive the Closing and continue until
5:00 p.m., California time, on the first anniversary of the Closing Date (the "Expiration Date"). 

 
 

           8.2    Indemnification.     

	(a)
	Indemnification.    The Shareholders shall severally indemnify Purchaser for any claims, losses, liabilities, deficiencies,
costs and expenses, including reasonable attorneys' fees and expenses and expenses of investigation and defense, net of any benefits or proceeds of insurance (hereinafter individually a "Loss" and
collectively "Losses") incurred by Purchaser, its officers, directors, or affiliates (including CSERV) as a result of (i) any inaccuracy or breach of a representation or warranty of CSERV or
the Shareholders contained herein (as modified by CSERV Schedules) or (ii) any failure by CSERV to perform or comply with any covenant contained herein. Purchaser, CSERV and the Shareholders
each acknowledge that such Losses, if any, would relate to unresolved contingencies existing at the Closing Date, which if resolved at the Closing Date would have led to a reduction in the aggregate
Total Consideration. Nothing herein shall limit the liability of CSERV or the Shareholders for any breach of any representation, warranty or covenant if the transactions contemplated hereby do not
close.

	(b)
	Third-Party Claims.    In the event Purchaser becomes aware of a third-party claim, which Purchaser believes may result in an
indemnity claim (including those relating to Taxes), Purchaser shall promptly notify the Shareholder Agent of such claim, and the Shareholder Agent, as representative for the former Shareholders shall
be entitled, at the former Shareholders' expense, to participate in any defense of such claim. Purchaser shall have the right in its sole discretion to settle any such claim. In the event that the
Shareholder Agent has consented (which consent shall not be unreasonably withheld) to any such settlement or in the event the Shareholder Agent unreasonably withheld its consent, neither the
Shareholder Agent nor any Shareholder shall have power or authority to object under any provision of this Article 8 to the amount of any such claim by Purchaser.

	(c)
	No Right to Indemnity or Contribution.    The Shareholders shall have no contribution, indemnity or similar right against
CSERV with respect to any claim by the Purchaser for indemnification pursuant to this Article 8. 

 
 

ARTICLE 9.    
    
    TERMINATION, AMENDMENT AND WAIVER    
    

 
 
        9.1    Termination.     Except as provided in Section 9.2 below, this Agreement may be terminated and the
transactions contemplated hereby abandoned at any time prior to the
Effective Time: 

	(a)
	by
mutual consent of each of the parties hereto (other than the Shareholder Agent);

	(b)
	by
Purchaser or CSERV and the Shareholders acting together if: (i) the Effective Time has not occurred by the date that is 100 days following but not including the date
of this Agreement (the "End Date"); provided, however, that the right to terminate this Agreement under this Section 9.1(b)(i), shall not be available to any party whose action or failure to
act has been a principal cause of or resulted in the failure of the transactions contemplated by this Agreement to occur on or before such date and such action or failure to act constitutes a breach
of this Agreement; (ii) there shall be a final nonappealable order of a federal or state 

23

 

court
or governmental entity in effect preventing consummation of the transactions contemplated by this Agreement; or (iii) there shall be any statute, rule, regulation or order enacted,
promulgated or issued or deemed applicable to the transactions contemplated by this Agreement by any Governmental Entity that would make consummation of the transaction contemplated by this Agreement
illegal; 

	(c)
	by
Purchaser if there shall be any action taken other than by Purchaser or at Purchaser's behest, or any statute, rule, regulation or order enacted, promulgated or issued or deemed
applicable to the transactions contemplated by this Agreement by any Governmental Entity, which would: (i) prohibit Purchaser's ownership or operation of any portion of the business of CSERV or
(ii) compel Purchaser to dispose of or hold separate all or a portion of the business or assets of CSERV or Purchaser as a result of the transactions contemplated hereby;

	(d)
	by
Purchaser, upon a breach of any representation, warranty, covenant or agreement on the part of CSERV or any Shareholder set forth in this Agreement, or if any representation or
warranty of CSERV or any Shareholder shall have become untrue, in either case such that the conditions set forth in Section 7.2(a) or Section 7.2(b) would not be satisfied as of the time
of such breach or as of the time such representation or warranty shall have become untrue, provided that if such inaccuracy in CSERV's or any Shareholder representations and warranties or breach by
CSERV or any Shareholder is curable by CSERV or the Shareholder, as the case may be, through the exercise of either of his, her or its commercially reasonable efforts, then Purchaser may not terminate
this Agreement under this Section 9.1(d) prior to the End Date, provided CSERV or such Shareholder, as the case may be, continues to exercise commercially reasonable efforts to cure such breach
(it being understood that Purchaser may not terminate this Agreement pursuant to this Section 9.1(d) if it shall have materially breached this Agreement or if such breach by CSERV or such
Shareholder, as the case may be, is cured prior to the End Date);

	(e)
	by
CSERV and the Shareholders acting together, upon a breach of any representation, warranty, covenant or agreement on the part of Purchaser set forth in this Agreement, or if any
representation or warranty of Purchaser shall have become untrue, in either case such that the conditions set forth in Section 7.3(a) or Section 7.3(b) would not be satisfied as of the time of
such breach or as of the time such representation or warranty shall have become untrue, provided, that if such inaccuracy in Purchaser's representations and warranties or breach by Purchaser is
curable by Purchaser through the exercise of its commercially reasonable efforts, then CSERV and the Shareholders may not terminate this Agreement under this Section 9.1(e) prior to the End
Date, provided Purchaser continues to exercise commercially reasonable efforts to cure such breach (it being understood that CSERV and the Shareholders may not terminate this Agreement pursuant to
this Section 9.1(e) if any of them shall have materially breached this Agreement or if such breach by the Purchaser is cured prior to the End Date).

	(f)
	By
Purchaser at its sole discretion upon the conclusion of its due diligence process. 

Where
action is taken to terminate this Agreement pursuant to this Section 9.1, it shall be sufficient (and required) for such action to be authorized by the Board of Directors (as applicable)
of the party taking such action. 

 
 

           9.2    Effect of Termination.     In the event of termination of this Agreement as provided in
Section 9.1, this Agreement shall forthwith become void and there shall be no liability or
obligation on the part of Purchaser, CSERV, the Shareholders or their respective officers, directors, shareholders or stockholders provided, however, that each party shall remain liable for any
breaches of this Agreement prior to its termination; and provided, further, that the provisions of Sections 6.3, this Section 9.2 and 

24

 

Article 10
of this Agreement shall remain in full force and effect and survive any termination of this Agreement. 

 
 

           9.3    Amendment.     Subject to applicable law, this Agreement may be amended by the parties hereto at any
time by execution of an instrument in writing signed on behalf of each of
the parties hereto; provided, however, execution by the Shareholder Agent shall only be required for amendments relating to Article 8 hereof. 

 
 

           9.4    Extension; Waiver.     At any time prior to the Closing, Purchaser, CSERV and the Shareholders may,
to the extent legally allowed, (i) extend the time for the performance of any
of the obligations of the other party hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto
and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver
shall be valid only if set forth in an instrument in writing signed on behalf of such party. 

 
 

ARTICLE 10.    
    
    GENERAL PROVISIONS    
    

 
 
        10.1    Notices.     Every notice, consent and other communications required or permitted to be given hereunder
shall be in writing and shall be deemed given if delivered personally
or by commercial messenger or courier service, or mailed by registered or certified mail (return receipt requested) or sent via facsimile (with acknowledgment of complete transmission) to the parties
at the following addresses (or at such other address for a party as shall be specified by like notice), provided, however, that notices sent by mail will not be deemed guaranteed received: 

	(a)
	if
to Purchaser to: 

Amazing
Technologies Corp.

23 Corporate Plaza

Suite 200

Newport Beach, California 92660

Telephone No.: (949) 706 7845

Facsimile No.: (949) 706 7854 

with
a copy to: 

Simon
Arkell

President/CEO

29881 White Otter Lane,

Laguna Niguel, CA 92677 USA 

	(b)
	if
to CSERV to: 

Hanson
Prince Pty, Ltd.—Trading as Cserv

Level 23, 127 Creek Street

Brisbane QLD 4000

Australia 

with
a copy to: 

Ross
Hanson

7A Bulimba St.

Bulimba, Qld. 4171, Australia 

25

 

	(c)
	if
to the Shareholders, to: 

Ross
Hanson

7A Bulimba St.

Bulimba, Qld. 4171, Australia 

with
a copy to: 

Warwick
Prince

8 Bolton Close

Brookfield Qld. 4069, Australia 

 
 

           10.2    Interpretation.     The words "include," "includes" and "including" when used herein shall be deemed
in each case to be followed by the words "without limitation." The word
"knowledge" when used herein with respect to a corporation means the actual knowledge of any of the officers or directors of the corporation. The table of contents and headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

 
 

           10.3    Counterparts.     This Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or
more counterparts have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart. 

 
 

           10.4    Entire Agreement; Assignment.     This Agreement, the Exhibits hereto, the CSERV Schedules and the
Purchaser Schedules, and the documents and instruments and other agreements among the parties
hereto referenced herein: (a) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings both written and
oral, among the parties with respect to the subject matter hereof; (b) are not intended to confer upon any other person any rights or remedies hereunder; and (c) may not be assigned
unless agreed to by the other parties hereto, except that Purchaser may assign its rights and delegate its obligations hereunder to majority-owned subsidiaries of Purchaser provided that Purchaser
remains contingently liable. 

 
 

           10.5    Severability.     In the event that any provision of this Agreement or the application thereof,
becomes or is declared by a court of competent jurisdiction to be illegal, void or
unenforceable, the remainder of this Agreement will continue in full force and effect and the application of such provision to other persons or circumstances will be interpreted so as reasonably to
effect the intent of the parties hereto. The parties further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the
extent possible, the economic, business and other purposes of such void or unenforceable provision. 

 
 

           10.6    Other Remedies.     Except as otherwise provided herein, any and all remedies herein expressly
conferred upon a party will be deemed cumulative with and not exclusive of any other
remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy. 

 
 

           10.7    Governing Law.     This Agreement shall be governed by and construed in accordance with the laws of
the State of California, regardless of the laws that might otherwise govern under
applicable principles of conflicts of laws thereof. Each of the parties hereto irrevocably consents to the non-exclusive jurisdiction and venue of any federal or state court within the
Central District, of the Federal Court in the State of California, in connection with any matter based upon or arising out of this Agreement or the matters contemplated herein, agrees that process may
be served upon them in any manner authorized by the laws of the State of California for such persons and waives and covenants not to assert or plead any objection which they might otherwise have to
such jurisdiction, venue and such process. 

26

 

 
 

           10.8    Rules of Construction.     The parties hereto agree that they have been represented by counsel
during the negotiation and execution of this Agreement and, therefore, waive the application
of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

 
 

           10.9    Attorneys' Fees.     If any action or other proceeding relating to the enforcement of any provision
of this Agreement is brought by any party hereto, the prevailing party shall be
entitled to recover reasonable attorneys' fees, costs and disbursements (in addition to any other relief to which the prevailing party may be entitled). 

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

	AMAZING TECHNOLOGIES CORP.	 	HANSON PRINCE PTY. LTD. dba CSERV
	

By:	

/s/ SIMON ARKELL
	
 	

By:	

/s/ ROSS HANSON

	Title:	C.E.O.
	 	Title:	C.E.O.

	Date	 	 	Date	 
	 	
	 	 	

	

 	

 	
 	

 	

 
	

SHAREHOLDERS	
 	

 	

 
	

Ross A Hanson	
 	

Warwick A Prince
	

By:	

/s/ ROSS A. HANSON
	
 	

By:	

/s/ WARWICK A. PRINCE

	Title:	 	 	Title:	 
	 	
	 	 	

	Date	 	 	Date	 
	 	
	 	 	

***CSERV
STOCK PURCHASE AGREEMENT*** 

27

  

 
 

EXHIBIT A    
    
    LIST OF SHAREHOLDERS AND PAYMENTS    
    

Warwick
Anthony Prince (50 shares) 

Ross
Andrew Hanson (50 shares) 

28

 
 
 

EXHIBIT B    
    
    Mushroom Systems International Pty Ltd CONSULTING AGREEMENT    
    

29

 
 
 

EXHIBIT C    
    
    Jaroluin Pty. Ltd. CONSULTING AGREEMENT    
    

30

 
 
 

EXHIBIT D    
    
    CSERV SCHEDULES    
    

	•
	2.1(a)

	•
	2.2(a)

	•
	2.4(a)

	•
	2.7(b)

	•
	2.7(k)

	•
	2.12

	•
	2.13

	•
	Contracts,
Licenses and Agreements 

31

QuickLinks

TABLE OF CONTENTS

STOCK PURCHASE AGREEMENT

ARTICLE 1. PURCHASE AND SALE OF THE SECURITIES

1.1 Purchase and Sale of the Securities.

1.2 Closing.

1.3 Closing Deliveries.

1.4 Further Assurances.

ARTICLE 2. REPRESENTATIONS AND WARRANTIES OF CSERV AND THE SHAREHOLDERS

2.1 Organization of CSERV.

2.2 CSERV Capital Structure.

2.3 Obligations With Respect to Capital Stock.

2.4 Authority; Non-Contravention.

2.5 Taxes.

2.6 Title to Properties; Absence of Liens and Encumbrances.

2.7 Intellectual Property.

2.8 Compliance; Permits; Restrictions.

2.9 Litigation.

2.10 Brokers' and Finders' Fees.

2.11 Employee Benefit Plans.

2.12 Agreements, Contracts and Commitments.

2.13 Insurance.

2.14 Contingent Payment Arrangements.

ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF EACH SHAREHOLDER

3.1 Ownership of Shares.

3.2 Authority; Non-Contravention.

3.3 Investment Representations.

ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF PURCHASER

4.1 Authority; Non-Contravention.

4.2 Organization of Purchaser.

4.3 Purchaser SEC Filings; Financial Statements.

4.4 No Material Adverse Change.

4.5 Brokers' and Finders' Fees.

4.6 Corporate Approvals.

4.7 Share Issuance.

ARTICLE 5. CONDUCT PRIOR TO THE CLOSING DATE

5.1 Conduct of Business of CSERV.

5.2 Exclusivity.

ARTICLE 6. ADDITIONAL AGREEMENTS

6.1 Restrictions on Transfer

6.2 Access to Information.

6.3 Expenses.

6.4 Consents.

6.5 Reasonable Efforts.

6.6 Notification of Certain Matters.

6.7 Cooperation of Independent Accountants.

6.8 Consulting and Non-Competition Agreements.

6.9 Contingent Payment Agreements.

6.10 Director Resignations.

6.11 Release.

6.12 Termination of Employment, Contingent Payment and Buyback Arrangements.

ARTICLE 7. CONDITIONS TO THE PURCHASE AND SALE OF THE SHARES

7.1 Conditions to Obligations of the Parties.

7.2 Conditions to Obligations of Purchaser.

7.3 Conditions to the Obligations of the Shareholders.

ARTICLE 8. SURVIVAL OF REPRESENTATIONS AND WARRANTIES

8.1 Survival of Representations and Warranties.

8.2 Indemnification.

ARTICLE 9. TERMINATION, AMENDMENT AND WAIVER

9.1 Termination.

9.2 Effect of Termination.

9.3 Amendment.

9.4 Extension; Waiver.

ARTICLE 10. GENERAL PROVISIONS

10.1 Notices.

10.2 Interpretation.

10.3 Counterparts.

10.4 Entire Agreement; Assignment.

10.5 Severability.

10.6 Other Remedies.

10.7 Governing Law.

10.8 Rules of Construction.

10.9 Attorneys' Fees.

EXHIBIT A LIST OF SHAREHOLDERS AND PAYMENTS

EXHIBIT B Mushroom Systems International Pty Ltd CONSULTING AGREEMENT

EXHIBIT C Jaroluin Pty. Ltd. CONSULTING AGREEMENT

EXHIBIT D CSERV SCHEDULES

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