Document:

ex10-2.htm

    EXHIBIT
10.2

     

    CONSULTING
AGREEMENT

     

    This
Consulting Agreement (“Agreement”) is made by and between Exobox Technologies
Corp., a Nevada company, with principal offices at 2121 Sage Road, Suite 200,
Houston, Texas 77056 (“Exobox”) and Sam Skipper, an individual whose address is
3315 Marquart, Houston, Texas 77027 (“Consultant”), effective the 13th day
of January, 2010.

     

    WHEREAS,
Consultant desires to perform certain Services (as hereinafter defined)
for Exobox under the terms and conditions set forth below;
and

     

    WHEREAS,
Exobox desires to retain Consultant to perform certain Services (as
hereinafter defined) under the terms and conditions set forth below;
and

     

    WHEREAS,
Exobox and Consultant desire that this Agreement supersede and replace
all prior written and oral agreements between them;

     

    NOW
THEREFORE, for and in consideration of the mutual covenants and
conditions set forth herein, Exobox and Consultant do hereby agree as
follows:

     

    SPECIFIC
PROVISIONS

     

    
      	
              1.

            	
              SERVICES
      TO BE RENDERED:  Consultant shall perform the following
      Services to the best of his ability: Consultant shall assist Exobox in
      structuring transactions, financial planning, strategic planning and
      general management considerations. Consultant shall not, however, be
      precluded during the term of this Agreement or thereafter, from providing
      services to third parties, including, but not limited to, services of the
      same or similar nature provided or contemplated under this
      Agreement.

            

    

     

    
      	
              2.

            	
              NATURE
      OF RELATIONSHIP:  The parties agree that Consultant is
      retained by Exobox as an Independent
      Consultant.   Consultant is not an employee of Exobox or
      any of Exobox’s affiliates, clients or agents.  Accordingly,
      Consultant agrees not to hold himself, his employees, subcontractors,
      independent contractors, agents or any other Consultant representatives,
      if any, (“Representatives”) out to the public as an employee of Exobox,
      nor shall Consultant have the authority to bind Exobox unless specifically
      authorized in writing by Exobox.  Consultant acknowledges that
      Exobox does not have the right to control the manner in which Consultant
      will perform the Services specified in Paragraph 1, above, other than to
      terminate Consultant for cause for failure to perform his Services as
      agreed.  The manner in which the Services are to be performed
      and the specific hours to be worked by Consultant shall be determined by
      Consultant.  Exobox will rely on Consultant to work as many
      hours as reasonably may be necessary to fulfill Consultant’s obligations
      under this Agreement.

            

    

     

    
      	
              3.

            	
              CONTRACTOR’S
      COMPENSATION:

            

    

     

    
      	
               
      

            	
              a.

            	
              Payments:
      Within two (2) business days of the execution of this Agreement by both
      parties, Exobox shall submit to both Malone & Bailey, P.C. and Brewer
      & Pritchard,  P.C. for their review and written consent an
      S-8 Registration Statement  seeking to clear sufficient shares
      of free-trading S-8 stock to compensate Consultant hereunder
      ("Registration Statement").  Within two (2) business days of the
      date on which Exobox receives such consent from both Malone & Bailey
      and Brewer & Pritchard, Exobox will file the Registration Statement
      with the SEC. Within two (2) business days from the date on which the SEC
      clears the Registration Statement, Exobox shall (a) request from its
      transfer agent, American Stock Transfer Company ("American"), the issuance
      to Consultant of  (i) ten million (10,000,000) shares
      of  unrestricted, fully vested Exobox common stock registered
      with the SEC in the Company’s S-8 Registration Statement then in effect
      (“S-8 Stock”) and ten million (10,000,000) shares of fully vested Exobox
      common stock restricted under Rule 144 ("Initial Shares") and (b) upon
      receipt forward to American the attorney opinion letter to be provided by
      Consultant authorizing the issuance to Consultant of the Initial Shares.
      On or before July 10, 2010,  Exobox shall request American to
      issue to Consultant on July 13, 2010, an additional ten million
      (10,000,000) shares of fully vested Exobox common stock restricted under
      Rule 144 ("Final Shares") and upon receipt, forward to American the
      attorney opinion letter to be provided by Consultant authorizing the
      issuance to Consultant of the Final Shares. Consultant's right to receive
      the thirty million (30,000,000) shares of Exobox stock described herein is
      fully vested as of the date Consultant executes this
      Agreement.

            

    

     

     

     

    
      
        
        

      

      
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              b.

            	
              Taxes:
      Consultant represents and warrants to Exobox that he will, at all times,
      undertake full responsibility for his own federal and state income tax
      withholding, and all other withholding required by
      law.  Consultant shall indemnify and hold Exobox harmless from
      and against any liability against Exobox, which may arise as a result of
      Consultant’s failure to pay same in a timely matter, or a determination by
      any taxing authority that Consultant or his Representatives are, for any
      purpose, deemed to be an employee of Exobox.  Exobox will
      provide contractor with a Form 1099 for all sums paid to the Consultant by
      Exobox.

            

    

     

    
      	
              4.

            	
              OUT-OF-POCKET
      EXPENSES:  Consultant shall pay his own expenses incurred
      in performance of his duties hereunder unless Exobox agrees in writing to
      pay or reimburse specific expenses of Consultant.  However,
      Exobox shall have no obligation to pay or reimburse any expenses incurred
      by Consultant unless previously agreed to in writing by Exobox prior to
      Consultant’s incurring the expenses in
  question.

            

    

     

    
      	
              5.

            	
              BENEFITS:
      Exobox shall have no obligation to provide Consultant with health
      insurance, life insurance, retirement compensation, or any other benefits
      offered now or in the future by Exobox to its employees, if
      any.  To the extent required by law, Consultant shall secure at
      its sole cost and expense, health insurance, workers’ compensation
      insurance, disability insurance, unemployment insurance and/or any other
      insurance, if any, as may be required by
  law.

            

    

     

    
      	
              6.

            	
              SUPERSEDES
      PRIOR AGREEMENTS:  This Agreement supersedes and replaces
      in full all prior oral and/or written Exobox agreements with Skipper,
      including, but not limited to, the consulting agreement between Skipper
      and Exobox effective October 29, 2010 (2009 Consulting Agreement").
      Accordingly, the 2009 Consulting Agreement and any and all other
      agreements between Exobox and Skipper, if any, are null and void and of no
      further effect.

            

    

     

     

     

    
      
        
        

      

      
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    7.           GENERAL
RESPONSIBILITIES:

     

    
      	
               
      

            	
              a.

            	
              The
      Consultant must abide by the rules and regulations, if any, of Exobox as
      may be presented to him by Exobox in writing, while on Exobox
      premises.

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      Consultant acknowledges that he is expected to conduct himself in a
      professional manner on the premises of
Exobox.

            

    

     

    
      	
               
      

            	
              c.

            	
              All
      negligent acts by Consultant, his agents or representatives, are the
      responsibility of the Consultant.  Furthermore, the Consultant
      is responsible for all work-related accidents or injuries he may cause to
      himself or others.

            

    

     

    
      	
               
      

            	
              d.

            	
              Consultant
      shall devote reasonable working time and effort to performing the services
      to be rendered under this Agreement.  Consultant shall not,
      however, be precluded from providing services to other customers,
      including, but not limited to, services that are the same or similar to
      the services provided or contemplated in the Agreement, so long as the
      time spent does not unreasonably interfere with the performance of
      Consultant’s duties for Exobox.  Exobox expressly acknowledges
      that Consultant provides services to other customers and operates as a
      business separate and distinct from
Exobox.

            

    

     

    
      	
              8.

            	
              EMPLOYMENT
      LAWS: Consultant shall comply fully with all applicable laws
      relating to worker’s compensation, social security, unemployment
      insurance, disability benefits, hours of labor, wages, working conditions,
      equal opportunity and affirmative action requirements, and other
      employer-employee matters.

            

    

     

    
      	
              9.

            	
              NO
      INVESTMENT ADVISORY OR BROKERAGE SERVICES; NO LEGAL
      SERVICES:  The Services do not include requiring the
      Consultant to engage in any activities for which an investment advisor’s
      registration or license is required under the U.S. Investment Advisors Act
      of 1940, or under any other applicable federal or state law; or for which
      a “broker’s” or “dealer’s” registration or license is required under the
      U.S. Securities Exchange Act of 1934, or under any other applicable
      federal or state law.  Consultant’s work on this engagement
      shall not constitute the rendering of legal advice, or the providing of
      legal services to Exobox.  Accordingly, Consultant shall not
      express any legal opinions with respect to any matters affecting
      Exobox.

            

    

     

    10.       DISCLOSURE
AND USE RESTRICTIONS:

     

    
      	
               
      

            	
              a.

            	
              Confidentiality.  The
      existence and terms of this Agreement and all information and material
      provided by Exobox to Consultant hereunder, or developed or acquired by or
      for Consultant in connection with the performance of the Services, shall
      be treated as "Confidential Information" under and shall be subject to the
      terms and conditions of the
      Confidentiality,
      Non Disclosure & Non-Circumvention Agreement executed between
      Exobox and Consultant, effective the 4th
      day of September,
2008.

            

    

    
    

     

     

     

     

    
      
        
        

      

      
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              b.

            	
              Work
      for Hire.  It is understood and agreed that all Services
      and work product (“Property”) are being provided to Exobox by Consultant
      on a “work for hire” basis within the scope of 17 United States Code
      Section 201(b).  All rights, including, but not limited to, all
      patent, trademark and copyright ownership rights in the Property are the
      sole property of Exobox.  It is further understood and agreed
      that Consultant hereby transfers to Exobox any and all right, title and
      interest that he has acquired or may acquire in the Property, including,
      but not limited to, all patent, trademark and copyright rights and
      protections under United States Copyright Law, including, but not limited
      to, 17 United States Code Section 106. All internet security software
      design, development and/or coding for which Consultant is responsible or
      contributes to, directly or indirectly, in whole or in part, including,
      but not limited to, that related to Exobox technology known as SUEZ and/or
      SOS, has been done or will be done by Consultant solely on behalf of
      Exobox.  All rights, including, but not limited to, all
      copyright ownership, trademark and patent rights in said Property, and/or
      any and all related continuations, divisions, improvements, reissues,
      extensions and/or developments, are the sole property of
      Exobox.  It is further understood and agreed that Consultant
      hereby transfers to Exobox any and all rights, title and interest that
      he/she has acquired or may acquire in the Property, and /or any and all
      related continuations, divisions, improvements, reissues, extensions
      and/or developments, including, but not limited to, (i) all copyright
      rights and protections under United States Copyright Law, including, but
      not limited to, 17 United States Code Section 106 and (ii) all patent
      rights, domestic and
foreign.

            

    

     

    
      	
               
      

            	
              In
      entering into this Agreement to provide Services, Consultant hereby
      transfers to Exobox all right, title and interest, including the copyright
      and all domestic and foreign patent rights, in and to
      Services.  This Agreement is an agreement to transfer all such
      rights.

            

    

     

    
      	
               
      

            	
              All
      rights, title and interest including any copyright and all domestic and
      foreign patent rights in and to Services created under this Agreement
      (including without limitation all derivative works based on or
      incorporating Services), which does not qualify as a “work-for-hire”
      within the scope of 17 U.S.C. §201(b) shall be deemed to have been
      automatically transferred to Exobox from the date of fixation thereof in a
      tangible medium of expression.  Upon Exobox’s request,
      Consultant shall execute any and all documents and render such other
      assistance as Exobox deems reasonably necessary to protect Exobox’s full
      rights, title and interest worldwide including formal conveyance of
      copyright and assignment of patent
rights.

            

    

     

    
      	
               
      

            	
              Further,
      if Services prepared under this Agreement delivered to Exobox by
      Consultant includes any portion of works previously copyrighted by
      Consultant, Consultant herby grants to Exobox a non-exclusive worldwide,
      irrevocable paid-up license
      under such copyrights to reproduce, distribute, and use that portion of
      the works included as a part of
Services.

            

    

    
      	
               
      

            	
            

    

     

    
      	
               
      

            	
              Provided,
      however, that Exobox shall not unreasonably withhold its requested,
      written approval for Consultant to use properly redacted portions of
      Consultant’s work
      product produced hereunder in connection with Consultant’s future business
      solicitation efforts.

            

    

     

     

    
      
        
        

      

      
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              11.

            	
              PAYMENTS
      DUE OTHERS:  Except as is otherwise expressly provided
      herein or subsequently authorized in writing by Exobox and Consultant,
      Consultant will be solely responsible for compensating any and all
      individuals and entities not a party to this Agreement, if any, Consultant
      uses to assist him hereunder or who otherwise have any claim or
      entitlement through Consultant in connection with Consultant’s
      Services.

            

    

     

    
      	
              12

            	
              TERM
      AND TERMINATION: This
      Agreement is for a fixed term of two (2) years. Provided, however, that
      the rights and obligations set forth in paragraph nos. 2, 3, 4, 6, 8, 9,
      10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 26, 27, 28 and
      29 shall survive the termination or expiration of this
      Agreement.

            

    

     

    
      	
              13.

            	
              INDEMNIFICATION:  The
      Consultant and Exobox hereby agree as
  follows:

            

    

     

    
      	
               
      

            	
              a.

            	
              Exobox
      will indemnify and hold harmless the Consultant against and in respect of
      all damages, claims, losses and expenses (including, without limitation,
      attorneys’ fees and disbursements) reasonably incurred (all such amounts
      may hereinafter be referred to as the “Damages”) by the Consultant arising
      out of : (i) any misrepresentations or breach of any warranty made by
      Exobox pursuant to the provisions of this Agreement or in any statement,
      certificate or other document furnished by Exobox pursuant to this
      Agreement and (ii) the nonperformance or breach of any covenant, agreement
      or obligation of Exobox contained in this Agreement which has not been
      waived by the Consultant;

            

    

     

    
      	
               
      

            	
              b.

            	
              Exobox
      will be obligated  to indemnify and hold harmless the Consultant
      with respect to claims for Damages as to which the Consultant shall have
      given written notice to Exobox on or before the close of business on the
      sixtieth day following the expiration of the Term
  hereof;

            

    

     

    
      	
               
      

            	
              c.

            	
              in
      any case where Exobox has indemnified the Consultant for any Damages and
      the Consultant recovers from third parties all or any part of the amount
      so indemnified by Exobox, the Consultant shall promptly pay over to Exobox
      the amount so recovered;

            

    

     

    
      	
               
      

            	
              d.

            	
              with
      respect to claims or demands by third parties, whenever the Consultant
      shall have received notice that such a claim or demand has been asserted
      or threatened which, if valid, would be subject to indemnification
      hereunder, the Consultant shall as soon as reasonably possible and in any
      event within thirty (3) days of receipt of such notice, notify Exobox of
      such claim or demand and of all relevant facts within its knowledge which
      relate thereto.  Exobox shall then have the right at its own
      expense to undertake the defense of any such claims or demands utilizing
      counsel selected by Exobox and approved by the Consultant, which approval
      shall not be unreasonably withheld.  In the event that Exobox
      should fail to give notice of the intention to undertake the defense of
      any such claim or demand within thirty (30) days after receiving notice
      that it has been asserted or threatened, the Consultant shall have the
      right to satisfy and discharge the same by payment, compromise or
      otherwise and shall give written notice of any such payment, compromise or
      settlement to Exobox;

            

    

     

     

     

    
      
        
        

      

      
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              e.

            	
              the
      Consultant will indemnify and hold harmless Exobox against and in respect
      of all Damages reasonably incurred by Exobox arising out of: (i) any
      misrepresentation or breach of any warranty made by the Consultant
      pursuant to the provisions of this Agreement, and (ii) the nonperformance
      or breach of any covenant, agreement or obligation of the Consultant which
      has not been waived by Exobox;

            

    

     

    
      	
               
      

            	
              f.

            	
              the
      Consultant will be obligated to indemnify Exobox for Damages as to which
      Exobox shall have given written notice to the Consultant on or before the
      close of business on the sixtieth day following the second anniversary
      hereof;

            

    

     

    
      	
               
      

            	
              g.

            	
              in
      any case where the Consultant has indemnified Exobox for any Damages and
      Exobox recovers from third parties all or any part of the amount so
      indemnified by the Consultant, Exobox shall promptly pay over to the
      Consultant the amount so recovered;
and

            

    

     

    
      	
               
      

            	
              h.

            	
              with
      respect to claims or demands by third parties, whenever Exobox shall have
      received notice that such a claim or demand has been asserted or
      threatened, which, if valid, would be subject to indemnification
      hereunder, Exobox shall as soon as reasonably possible and in any event
      within thirty (30) days of receipt of such notice, notify the Consultant
      of such claim or demand and of all relevant facts within its knowledge
      which relate thereto.  The Consultant shall have the right at
      its expense to undertake the defense of any such claim or demand utilizing
      counsel selected by the Consultant and approved by Exobox, which approval
      shall not be unreasonably withheld.  In the event that the
      Consultant should fail to give notice of its intention to undertake the
      defense of any such claim or demand  within thirty (30) days
      after receiving  notice that it has been asserted or threatened,
      Exobox shall have the right to satisfy and discharge the same by payment,
      compromise or otherwise and shall give written notice of any such payment,
      compromise or settlement to the
Consultant.

            

    

     

    GENERAL
PROVISIONS

     

    
      	
              14.

            	
              AUTHORITY:  The
      parties represent to each other that each has the full authority to enter
      into this Agreement.

            

    

     

    
      	
              15.

            	
              COMPLETE
      AGREEMENT: This is the complete agreement of the Parties hereto
      regarding the subject matter of this Agreement, superseding all
      others.  No term or provision of this Agreement may be added,
      changed, modified, deleted or waived, in whole or in part, without the
      express, signed written consent of Exobox and
      Consultant.

            

    

     

    
      	
              16.

            	
              GOVERNING
      LAW: This
      Agreement is made in Houston, Texas and is to be construed and enforced in
      accordance with the laws of the State of Texas applicable to contracts
      between residents of the State of Texas that are to be wholly performed
      within Texas and without regard to the choice of law or conflicts of law
      principles of Texas or any other jurisdiction.  All parties to
      this Agreement hereby irrevocably and unconditionally consent to the
      jurisdiction and venue provisions set forth in Paragraph No. 22 below and
      hereby irrevocably and unconditionally waive any defense of an
      inconvenient forum to the maintenance of suit as specified below, any
      objection to venue with respect to any such jurisdiction and any right of
      jurisdiction or venue on account of the place of residence or domicile of
      any party hereto.

            

    

     

     

     

    
      
        
        

      

      
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              17.

            	
              PARTIES
      BOUND:  This Agreement shall be binding on Exobox and
      Consultant, their respective agents, representatives, assignees,
      successors, executors and
administrators.

            

    

     

    
      	
              18.

            	
              THIRD
      PARTY BENEFICIARIES:
      Except as expressly provided herein, this Agreement is solely
      between and for the benefit of Exobox and Consultant, and no individual or
      entity that is not a signatory to this Agreement may enforce or claim any
      benefit under any of the provisions
  hereof.

            

    

     

    
      	
              19.

            	
              FURTHER
      ASSURANCES:  Exobox
      and Consultant shall execute all such other documents and do such other
      things as may be reasonably required in order to effectuate, evidence,
      and/or confirm the intended purpose of this
    Agreement.

            

    

     

    
      	
              20.

            	
              CUMULATIVE
      REMEDIES:  The rights and remedies provided herein are
      cumulative and not exclusive of any rights or remedies provided by law or
      in equity, and may be pursued separately, successively, or
      concurrently.

            

    

     

    
      	
              21.

            	
              REPRESENTATIONS
      AND WARRANTIES:  Exobox and Consultant each represents
      and warrants to the other that, as of the Effective Date:  (i)
      it has all requisite power and authority to enter into this Agreement and
      perform its obligations hereunder; (ii) the execution, delivery, and
      performance of its obligations under this Agreement have been duly
      authorized by it and this Agreement has been duly executed and delivered
      by its authorized representative; (iii) its execution and delivery of, and
      the performance of its obligations under, this Agreement will not (a)
      result in a breach of, or constitute a default under, any agreement,
      lease, or instrument (including any organizational instrument or document)
      to which it is a party or by which it or its properties may be bound or
      affected, or (b) violate any applicable legal requirement, including any
      law, rule, regulation, statute, ordinance, writ, order, or determination
      of an arbitrator or a court or other governmental authority; (iv) no
      litigation, investigation, or other legal, administrative, or arbitration
      proceeding is pending or, to the best of its best knowledge, threatened
      against it or any of its properties or revenues, existing or future, which
      if adversely determined could prevent the performance of or have a
      material adverse effect on its ability to perform its obligations
      hereunder; and (v) its obligations under this Agreement are legal, valid,
      and binding against it, except to the extent enforcement may be limited by
      applicable bankruptcy, insolvency, reorganization, or other similar legal
      requirements affecting creditor's rights generally and by principles of
      equity.

            

    

     

    
      
        	
                22.

              	
                      
                  JURISDICTION
      & VENUE:  The
      parties unconditionally consent to exclusive jurisdiction and venue in the
      courts of Houston, Harris County, Texas for resolution of any and all
      claims, disputes, injunctive relief and suits pertaining to this Agreement
      for actual and/or punitive damages, costs, attorneys' fees or interest,
      whether general or specific, at law or in
  equity.

                

              

      

    

     

     

     

     

    
      
         

      

      
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              23.

            	
              NOTICE:
      Any notice required to be given under this Agreement shall be (i) sent by
      certified mail, return receipt requested; (ii) faxed as set forth herein;
      (iii) e-mailed as set forth herein or (iv) hand
      delivered.  Notice shall be effective upon the earlier of actual
      receipt by the Party to whom said notice is sent or the expiration of
      three (3) business days if sent by certified mail, return receipt
      requested.  Notice sent by fax or e-mail shall be effective upon
      receipt by the Party to whom said notice is sent if received on regular
      business days between the hours of 9:00 a.m. and 5:00 p.m.; provided,
      however, that notice received by fax or e-mail after 5:00 p.m. and before
      9:00 a.m. the next business day shall be deemed to have been received at
      9:00 a.m. the first business day following receipt of said
      notice.  Hand delivered notice shall be effective only upon
      actual receipt by the Party to whom said notice is
      sent.  Notices sent hereunder shall be addressed as
      follows.

            

    

     

    If by
certified mail, return receipt requested, or by hand delivery to Exobox,
then:

     

    Richard
J. Kampa, CEO

    Exobox
Technologies Corp.

    2121 Sage
Road, Suite 200

    Houston,
Texas  77056

     

    With a
copy not constituting notice to:

     

    Thomas
Pritchard

    Brewer
& Pritchard, P.C.

    3
Riverway, 18th
Floor

    Houston, Texas
77056

     

    Or, if by
fax to Exobox, then: (713) 625-7890,

     

    With a
non-notice copy to Thomas Pritchard: (713) 209-2921.

     

    Or, if by
e-mail to Exobox, then: Richard.Kampa@exobox.com.

     

    With a non-notice copy to
Thomas Pritchard: Pritchard@bplaw.com.

     

    If by
certified mail, return receipt requested, or by hand delivery to Consultant,
then:

     

    Sam
Skipper

    3315
Marquart

    Houston,
Texas 77027

     

    Or, if by
fax to Consultant, then: (713) 771-5556,

     

    Or if by
e-mail to Consultant, then: skipper@eccoenergy.com.

     

    
      	
              24.

            	
              SEVERABILITY:  If
      any term or provision hereof is held to be unenforceable, in whole or in
      part, by any court, arbitration panel or other entity having valid
      jurisdiction to construe or enforce this Agreement, then said term or
      provision shall be amended or deleted as necessary, and the remaining
      portions of this Agreement shall continue in full force and
      effect.

            

    

     

     

     

    
      
         

      

      
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              25.

            	
              TIME:  Time
      shall be of the essence of this
  Agreement.

            

    

     

    
      	
              26.

            	
              HEADINGS:
      All headings used herein are for convenience only and shall not be used or
      referred to in the construction, amendment or interpretation of any term
      or provision of this
Agreement.

            

    

     

    
      	
              27.

            	
              AMBIGUITY:  If
      an ambiguity or question of intent or interpretation arises, this
      Agreement shall be construed as if drafted jointly by all parties to this
      Agreement, and no presumption or burden of proof shall arise favoring or
      disfavoring any party by virtue of the authorship of any of the provisions
      of this Agreement.

            

    

     

    
      	
              28.

            	
              GENDER
      AND TENSE: Unless the text specifically requires otherwise, the
      masculine shall include the feminine, the feminine shall include the
      masculine, the singular shall include the plural and the plural shall
      include the singular.

            

    

     

    
      	
              29.

            	
              ASSIGNMENT:  Neither
      Exobox nor Consultant may assign this Agreement or any of its rights and
      obligations hereunder, whether voluntarily, involuntarily, or by operation
      of law, to any person or entity without the other Party’s prior, written
      consent.

            

    

     

    
      	
              30.

            	
              COUNTERPART
      AND FACSIMILE SIGNATURES:  This Agreement may be executed
      simultaneously in two or more counterparts, each of which shall be deemed
      an original, but all of which taken together shall constitute one and the
      same instrument.  Execution and delivery of this Agreement by
      exchange of facsimile copies bearing the facsimile signature of a party
      hereto shall constitute a valid and binding execution and delivery of this
      Agreement by such party.  Such facsimile copies shall constitute
      enforceable original
documents.

            

    

     

    
      	
              31.

            	
              ACKNOWLEDGEMENT: EACH
      PARTY SPECIFICALLY ACKNOWLEDGES AND AGREES (1) THAT IT HAS READ THIS
      AGREEMENT AND IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS HEREOF,
      AND (2) THAT IT IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE
      TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT.  EACH PARTY
      FURTHER AGREES THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILTIY OF
      ANY SUCH PROVISIONS OF THIS AGREEMENT ON THE BASIS THAT THE PARTY HAD NO
      NOTICE OR KNOWLEDGE OF SUCH PROVISIONS OR THAT SUCH PROVISIONS ARE NOT
      “CONSPICUOUS’.  IN ADDITON, EACH PARTY ACKNOWLEDGES AND AGREES
      THAT NO CONSIDERATION SHALL BE GIVEN TO THE FACT OR PRESUMPTION THAT ONE
      PARTY HAD A GREATER OR LESSER ROLE IN THE DRAFTING OF THIS AGREEMENT, OR
      ANY PORTION THEREOF, AND THAT EXAMPLES SHALL NOT BE CONSTRUED TO LIMIT,
      EXPRESSLY OR BY IMPLICATION, THE MATTER THEY
      ILLUSTRATE.

            

    

     

     

    
      
         

      

      
        Page 9 of
10

        
          

        

      

      
         

      

    

     

    
      	
              32.

            	
              EFFECTIVE
      DATE: This
      Agreement is executed in multiple originals effective the date first set
      forth above.

            

    

     

    ACCEPTED
AND AGREED TO:

     

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
         

      

      
        Page 10
of 10ex10_1.htm

     

    
      OFFSHORE
SUBSCRIPTION AGREEMENT

       
 

      This
Offshore Subscription Agreement (the “Agreement”) is entered into this 12th day
of January, 2010(the “Effective Date”), by and between China Fruits Corporation,
a Nevada corporation (“CHFR”) and Huang, JunJie (“MR. HUANG”), an
individual.

       
 

      WHEREAS,
MR. HUANG desires to subscribe to and purchase nine hundred thousand shares
(900,000) of restricted common stock of CHFR (the “Shares”); and

       
 

      WHEREAS,
CHFR agrees to deliver the Shares for the Consideration (as defined below) to be
paid by MR. HUANG, subject to the terms and conditions set forth
below.

       
 

      NOW,
THEREFORE, for and in consideration of the mutual promises herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

       
 

      1.
Purchase and Sale. On the basis of the representations and warranties herein
contained, subject to the terms and conditions set forth herein, MR. HUANG
hereby agrees to purchase the Shares at a purchase price of twenty cents
(US$.20) per share (aggregate sum of $180,000), and CHFR hereby agrees to sell
the Shares to MR. HUANG for such Consideration.

       

      2.
Closing . The closing of the purchase and sale contemplated by this Agreement
(the “Closing”) shall occur upon the transfer of the Consideration to CHFR at Fu
Xi Technology & Industry Park, Nan Feng County, Jiang Xi Province, P. R.
China (the “Corporate Address”). CHFR shall deliver the Shares to MR. HUANG
within 14 days of receiving full payment under this Agreement.

       

      A.
Transactions and Document Exchange at Closing. Prior to or at the Closing, the
following transactions shall occur and documents shall be exchanged, all of
which shall be deemed to occur simultaneously: (1) by MR. HUANG : MR. HUANG
shall deliver, or cause to be deliver, to CHFR: (a) the balance of the
Consideration (if any); and (b) such other documents, instruments, and/or
certificates, if any, as are required to be delivered pursuant to the provisions
of this Agreement, or which are reasonably determined by the parties to be
required to effectuate the transactions contemplated in this Agreement, or as
otherwise maybe reasonably requested by CHFR in furtherance of the intent of
this Agreement; (2) by CHFR : CHFR shall deliver, or cause the following to be
delivered, to MR. HUANG: (a) the Shares; and (b) such other documents,
instruments, and/or certificates, if any, as are required to be delivered
pursuant to the provisions of this Agreement, or which are reasonably determined
by the parties to be required to effectuate the transactions contemplated in
this Agreement, or as otherwise may be reasonably requested by MR. HUANG in
furtherance of the intent of this Agreement.

       

      B. Post
-Closing Documents. From time to time after the Closing, upon the reasonable
request of any party, the party to whom the request is made shall deliver such
other and further documents, instruments, and/or certificates as may be
necessary to more fully vest in the requesting party the Consideration or the
Shares as provided for in this Agreement, or to enable the requesting party to
obtain the rights and benefits contemplated by this Agreement.

       

      C.
Payment. MR. HUANG will ensure that all payments are forwarded to the Corporate
Address.

       

      3.
Private Offering . MR. HUANG and CHFR both understand and agree that the
purchase   and sale of securities contemplated herein constitutes
a private, arms-length transaction between a willing seller and willing buyer
without the use or reliance upon a broker, distributor or securities
underwriter.

       

      A.
Purchase for Investment. Neither MR. HUANG nor CHFR are underwriters of, or
dealers in, the securities to be sold and exchanged hereunder.

       

      B.
Investment Risk. Because of CHFR’s financial position and other factors as
disclosed in CHFR’s business plan (which MR. HUANG represents it has received
and reviewed), the transaction contemplated by this Agreement may involve a high
degree of financial risk, including the risk that one or both parties may lose
its entire investment, and both parties hereby agree that they have each
undertaken an independent evaluation of the risks associated with the Shares,
and both parties understand those risks and are willing to accept the risk that
they may be required to bear the financial risks of this investment for an
indefinite period of time.

       

      C. Access
to Information. MR. HUANG and CHFR and their advisors have been afforded the
opportunity to discuss the transaction with legal and accounting professionals
and to examine and evaluate the financial impact of the sale and exchange
contemplated herein. MR. HUANG acknowledges that it has been furnished with the
information required to conform with the provisions of subparagraph (a)(5) of
Rule 15c2-11 of the Securities and Exchange Commission.

       

      4.
Representations and Warranties of MR. HUANG: MR. HUANG hereby covenants and
represents and warrants to CHFR that:

       

      A.
Organization. MR. HUANG is an individual, with the power and authority to carry
on business as now being conducted. This Agreement has been duly executed and
delivered by MR. HUANG and constitutes a binding and enforceable obligation of
MR. HUANG.

       

      B. Third
Party Consent. No authorization, consent, or approval of, or registration or
filing with, any governmental authority or any other person is required to be
obtained or made by MR. HUANG in connection with the execution, delivery, or
performance of this Agreement or the transfer of the Shares, or if any such is
required, MR. HUANG will have or will obtain the same prior to
Closing.

       

      C.
Litigation. MR. HUANG is not a defendant against whom a claim has been made or a
judgment rendered in any litigation or proceedings before any local, state, or
federal government, including but not limited to the United States, or any
department, board, body, or agency thereof.

       

      D.
Authority. This Agreement has been duly executed by MR. HUANG, and the execution
and performance of this Agreement will not violate, or result in a breach of, or
constitute a default in, any agreement, instrument, judgment, order, or decree
to which MR. HUANG is a party or to which the Consideration is
subject.

       

      E.
Offshore Transaction. MR. HUANG represents and warrants to CHFR as follows: (i)
MR. HUANG is not a “U.S. person” as that term is defined in Rule 902 of
Regulation S; (ii) at the execution of this Agreement, as well as the time this
transaction is or was due, MR. HUANG was outside the United States, and no offer
to purchase the Shares was made in the United States; (iii) MR. HUANG agrees
that all offers and sales of the Shares shall not be made to U.S. persons unless
the Shares are registered or a valid exemption from registration can be relied
on under applicable U.S. state and federal securities laws; (iv) MR. HUANG is
not a distributor or dealer; (v) the transactions contemplated hereby have not
been and will not be made on behalf of any U.S. person or pre-arranged by MR.
HUANG with a purchaser located in the United States or a purchaser which is a
U.S. person, and such transactions are not and will not be part of a plan or
scheme to evade the registration provisions of the Act; (vi)all offering
documents received by MR. HUANG include statements to the effect that the Shares
have not been registered under the Securities Act of 1933 and may not be offered
or sold in the United States or to U.S. Persons (other than distributors as
defined in Regulation S) during the Restricted Period unless the Shares are
registered under the Securities Act of 1933 or an exemption from registration is
available.

       

      The
foregoing representations and warranties are true and accurate as of the date
hereof, shall be true and accurate as of the date of the acceptance by CHFR of
MR. HUANG’s purchase, and shall survive thereafter. If MR. HUANG has knowledge,
prior to the acceptance of this Offshore Subscription Agreement by CHFR, that
any such representations and warranties shall not be true and accurate in any
respect, MR. HUANG prior to such acceptance, will give written notice of such
fact to CHFR specifying which representations and warranties are not true and
accurate and the reasons therefore.

       

      MR. HUANG
agrees to fully indemnify, defend and hold harmless CHFR, its officers,
directors, employees, agents and attorneys from and against any and all losses,
claims, damages, liabilities and expenses, including reasonable attorney's fees
and expenses, which may result from a breach of MR. HUANG’s representations,
warranties and agreements contained herein.

       

      F.
Accredited Investor. MR. HUANG is an accredited investor as that term is defined
in Rule 501(a) of Regulation D promulgated under the Act.

       

      G..
Beneficial Owner. MR. HUANG is purchasing stock for its own account or for the
account of beneficiaries for whom MR. HUANG has full investment discretion with
respect to stock and whom MR. HUANG has full authority to bind, so that each
such beneficiary is bound hereby as if such beneficiary were a direct signatory
hereunder, and all representations, warranties and agreements herein were made
directly by such beneficiary.

       

      H.
Directed Selling Efforts. MR. HUANG will not engage in any activity for the
purpose of, or that could reasonably be expected to have the effect of,
conditioning the market in the United States for any of the Shares sold
hereunder. To the best of its knowledge, neither MR. HUANG nor any person acting
for MR. HUANG has conducted any “directed selling efforts” as that term is
defined in Rule 902 of Regulation S.

       

      I.
Independent Investigation; Access. MR. HUANG, in electing to purchase the Shares
herein, has relied solely upon independent investigation made by him and his
representatives. MR. HUANG has been given no oral or written representation or
warranty from CHFR other than as set forth in this Agreement. MR. HUANG and his
representatives, if any, have, prior to any sale to it, been given access and
the opportunity to examine all material books and records of CHFR, all material
contracts and documents relating to CHFR and this offering and an opportunity to
ask questions of, and to receive answers from, CHFR or any officer of CHFR
acting on its behalf concerning CHFR and the terms and conditions of this
offering. MR. HUANG and his advisors, if any, have been furnished with access to
all publicly available materials relating to the business, finances and
operations of CHFR and materials relating to the offer and sale of the Shares
which have been requested. MR. HUANG and his advisors, if any, have received
complete and satisfactory answers to any such inquiries.

       

      J. No
Government Recommendation or Approval. MR. HUANG understands that no United
States federal or state agency, or similar agency of any other country, has
passed upon or made any recommendation or endorsement of the Shares, or this
transaction.

       

      K. No
Formation or Membership in “Group.” MR. HUANG is not part of a “group” as that
term is defined under the Act. MR. HUANG is not, and does not intend to become,
included with two or more persons acting as a partnership, syndicate, or other
group for the purpose of acquiring, holding or disposing of securities of the
Company.

       

      L.
Hedging Transactions. MR. HUANG hereby agrees not to engage in any hedging
transactions involving the securities described herein unless in compliance with
the Act and Regulation S promulgated thereunder.

       

      5.
Conditions Precedent to CHFR’s Closing . All obligations of CHFR under his
Agreement, and as an inducement to CHFR to enter into this Agreement, are
subject to MR. HUANG’s covenants and agreements to each of the
following:

       

      A.
Acceptance of Documents. All instruments and documents delivered to CHFR
pursuant to this Agreement or reasonably requested by CHFR to verify the
representations and warranties of MR. HUANG herein, shall be satisfactory to
CHFR and its legal counsel.

       

      B.
Representations and Warranties. The representations and warranties by MR. HUANG
set forth in this Agreement shall be true and correct at and as of the Closing
date, with the same force and effect as though made at and as of the date
hereof, except for changes permitted or contemplated by this
Agreement.

       

      C. No
Breach or Default. MR. HUANG shall have performed and complied with all
covenants, agreements, and conditions required by this Agreement to be performed
or complied with by it prior to or at the Closing.

       

      6.
Termination . This Agreement may be terminated at any time prior to the date of
Closing by either party if (a) there shall be any actual or threatened action or
proceeding by or before any court or any other governmental body which shall
seek to restrain, prohibit, or invalidate the transaction contemplated by this
Agreement, and which in the judgment of such party giving notice to terminate
and based upon the advice of legal counsel makes it inadvisable to proceed with
the transaction contemplated by this Agreement, or (b) if this Agreement has not
been approved and properly executed by the parties by January 12,
2010.

       

      7.
Restrictive Legend . MR. HUANG agrees that the Shares shall bear a restrictive
legend to the effect that transfer is prohibited except in accordance with the
provisions of Regulation S, pursuant to registration under the Act, or pursuant
to an available exemption from registration, and that hedging transactions
involving those securities may not be conducted unless in compliance with the
Act.

       

      8. CHFR’s
Obligation to Refuse Transfer . Pursuant to Regulation S promulgated under the
Act, CHFR hereby agrees to refuse to register any transfer of the Shares not
made in accordance with the provisions of Regulation S, pursuant to registration
under the Act, or pursuant to an available exemption from
registration.

       

      9.
Miscellaneous .

       

      A.
Authority. MR. HUANG and the officers of CHFR executing this Agreement are duly
authorized to do so, and each party has taken all action required for valid
execution.

       

      B.
Notices. Any notice under this Agreement shall be deemed to have been
sufficiently given if sent by registered or certified mail, postage prepaid, or
by express mail service substantially equivalent to Federal Express, addressed
as follows

       

      To MR.
HUANG:

      Huang Jun
Jie

      501,
No.14, Zhu Jia Xiang, Ren Min Road,

      QinCheng
Town, Nan Feng County, Fu Zhou City,

      Jiangxi,
P.R. China

       

      To
CHFR:

      China
Fruits Corporation

      Fu Xi
Technology & Industry Park, Nan Feng County

      Jiang Xi
Province, P. R. China

      (86794)
326-6199

       

      C. Entire
Agreement. This Agreement constitutes the entire agreement among the parties
hereto with respect to the subject matter hereof and supersedes any and all
prior or contemporaneous representations, warranties, agreements and
understandings in connection therewith. This Agreement may be amended only by a
writing executed by all parties hereto.

       

      D.
Severability. If a court of competent jurisdiction determines that any clause or
provision of this Agreement is invalid, illegal or unenforceable, the other
clauses and provisions of the Agreement shall remain in full force and effect
and the clauses and provisions which are determined to be void, illegal or
unenforceable shall be limited so that they shall remain in effect to the extent
permissible by law.

       

      E.
Assignment. None of the parties hereto may assign this Agreement without the
express written consent of the other parties and any approved assignment shall
be binding on and inure to the benefit of such successor or, in the event of
death or incapacity, on assignor’s heirs, executors, administrators,
representatives, and successors.

       

      F.
Applicable Law. This Agreement has been negotiated and is being contracted for
in the United States, State of Nevada. It shall be governed by and interpreted
in accordance with the laws of the United States and the State of Nevada,
regardless of any conflict-of-law provision to the contrary.

       

      G.
Attorney’s Fees. If any legal action or other proceeding (including but not
limited to binding arbitration) is brought for the enforcement of or to declare
any right or obligation under this Agreement or as a result of a breach, default
or misrepresentation in connection with any of the provisions of this Agreement,
or otherwise because of a dispute among the parties hereto, the prevailing party
will be entitled to recover actual attorney’s fees (including for appeals and
collection and including the actual cost of in-house counsel, if any) and other
expenses incurred in such action or proceeding, in addition to any other relief
to which such party may be entitled.

       

      H.
Counterparts and Facsimile. This Agreement may be executed in any number of
identical counterparts (except as to signature only), each of which may be
deemed an original for all purposes. A fax, telecopy or other reproduction of
this instrument may be executed by one or more parties hereto and such executed
copy may be delivered by facsimile or similar instantaneous electronic
transmission device pursuant to which the signature of or on behalf of such
party can be seen, and such execution and delivery shall be considered valid,
binding and effective for all purposes.

      
 

      IN
WITNESS WHEREOF, the parties have executed this agreement below.

       
 

      
        Mr.
Huang, Jun
Jie                      China
Fruits Corporation

      

      
By: /s/ Huang, Jun
Jie                    By: /s/ Chen Quan Long

      Huang,
Jun Jie,
Individual              Cheng
Quan Long, President

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