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fs1a2ex10vi_bluevictory.htm

Exhibit 10.6

 

 

  

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3fs1a2ex10viii_bluevictory.htm

Exhibit 10.8

 

 

  

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3fs1a2ex10ix_bluevictory.htm

Exhibit 10.9

 

 

STATE OF LOUISIANA

 

PARISH OF LAFAYETTE                                             ACT OF CASH SALE

 

BE IT KNOWN, that on the date hereinafter set forth, before the undersigned Notaries Public, duly commissioned and qualified in and for the States, Parish and Counties hereinafter named, and in the presence of the undersigned competent witnesses, personally came and appeared:

 

BLUE VICTORY HOLDINGS, INC. (TIM XX-XXX9633), a Nevada Corporation, authorized to do and doing business in the State of Louisiana, herein represented by Seenu G. Kasturi, it's President, duly authorized per corporate resolution attached hereto, whose mailing address is 4400 Ambassador Caffery Parkway, Suite A, Box 347, Lafayette, LA 70508;

 

hereinafter referred to as "Seller" (notwithstanding that there may be more than one) who declared that for the price and sum of ONE HUNDRED THIRTY THOUSAND AND NO/100 ($130,000.00) DOLLARS, cash, paid to Seller, who hereby acknowledges receipt thereof, Seller does grant, bargain, sell, convey, transfer, assign, set over, abandon and deliver, with legal warranties and with full substitution and subrogation in and to all the rights and actions of warranty which Seller has or may have against all preceding owners and vendors, unto:

 

SEENU KASTURI (SS# XXX-XX-5826), married to and living with Divya Kasturi, herein purchasing with his separate funds for his separate estate, as acknowledged by Divya Kasturi herein;

 

hereinafter referred to as "Buyer" (notwithstanding that there may be more than one), here present accepting, and purchasing for Buyer, Buyer's heirs, successors and assigns and acknowledging due delivery and possession thereof, all and singular the following described property, to-wit:

 

That certain lot of ground, together with all improvements thereon, situated in the QUAIL HOLLOW SUBDIVISION to the Parish of Lafayette, Louisiana, and being known and designated as LOT 82 thereof; the said lot having a frontage of 70 feet on Quail Drive by a depth between parallel lines of 130 feet and is bounded Northeasterly by Lot 102, Southwesterly by said Quail Drive, Southeasterly by Lot 83, and Northwesterly by Lot 81. Said parcel of ground having such other dimensions and boundaries as are shown on that certain plat of survey prepared by P. L. Bennett and Associates, dated December 10, 1975, attached to act bearing Entry No. 658474, records of Lafayette Parish, Louisiana.

 

Being the same property acquired by Blue Victory Holdings, LLC from Julia Frances Bingham, Sally Frances Bingham Ghanim and Billy Burton Bingham per act of Cash Sale filed for record September 10, 2010; and by Julia Frances Bingham, Sally Frances Bingham and Billy Burton Bingham per Judgment of Possession in the Succession of Billy Bingham, Jr., filed for record November 29, 1993, bearing Entry No. 93-43498, records of Lafayette Parish, Louisiana.

 

BEARING MUNICIPAL ADDRESS: 413 Quail Drive, Lafayette, LA 70508

 

This sale is made, executed and accepted subject to any and all restrictive covenants, easements, mineral reservations, royalty reservations, mineral leases, rights of way, and obligations of ownership including, but not limited to restrictions contained in the official records of Lafayette Parish, Louisiana, but

 

  

  

  

 

deleting any covenant, condition or restriction, if any, based upon race, color, religion, sex, handicap, family status, or national origin unless and only to the extent that such covenants, conditions or restrictions (a) are exempt under Chapter 42, Section 3607 of the United States Code or (b) relate to handicap but do not discriminate against handicapped persons.

 

The parties hereto further agree that this sale is made subject to all rights of way and/or easements for utilities and/or drainage filed in the office of the Clerk of Court, Parish of Lafayette, Louisiana and as shown on plats filed of record, as well as any servitudes granted to public operation of law or private utilities which may be filed of record.

 

Notary takes no responsibility as to any adverse possessory rights, deficiency of quantity of land, boundary line disputes, unrecorded servitudes, easements or encumbrances, or any such other matters as would be determined by a survey of the subject property.

 

Title to said property will be taken subject to any and all laws, ordinances or governmental regulations (including but not limited to building and zoning ordinances, Environmental Protection Statues and/or Department of Environmental Quality Regulations, and/or any US Army Corps of Engineers Wetlands regulations) restricting or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvements now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation.

 

TO HAVE AND TO HOLD the above-described property unto the Buyer, Buyer's heirs, successors and assigns, forever.

 

The sale of the subject property is made "AS IS" and "WHERE IS", which is acknowledged by Buyer. Buyer further declares and acknowledges that the Seller does not warrant that the subject property is free from redhibitory or latent defects or vices and releases the Seller of any liability for redhibitory or latent defects or vices under Louisiana Civil Code Article 2520 (1870) through Article 2548 (1870). Buyer declares and acknowledges that Buyer does hereby waive the warranty of fitness for the intended purpose of guarantee against hidden or latent redhibitory vices under Louisiana law, including Louisiana Civil Code Articles 2520 (1870) through Article 2548 (1870), and that warranty imposed by Louisiana Civil Code Article 2475, and waives all rights in redhibition pursuant to Louisiana Civil Code Article 2520, et seq. Buyer further declares and acknowledges that this express waiver shall be considered a material and integral part of this sale and the consideration thereof. Buyer further declares and acknowledges that this waiver has been brought to the attention of the Buyer and explained in detail and that Buyer has voluntarily and knowingly consented to this waiver of warranty of fitness and/or warranty against redhibitory vices and defects for the herein conveyed property.

 

All State, Parish and City taxes assessed against the property have been paid through 2009. Property taxes for the year 2010 will be assumed by Buyer.

 

All parties signing this instrument have declared themselves of the full age of majority, and of full legal capacity.

 

 

AND NOW TO THESE PRESENTS came and appeared DIVYA KASTURI, appearing herein for the sole purpose of acknowledging that the property being purchased herein is the sole and separate property of her husband, Seenu G. Kasturi, being purchased with his separate funds for his separate estate; and forms no part of the community of acquets and gains which exists between them.

 

  

  

  

 

 

THUS DONE AND PASSED in Lafayette. Louisiana, on this 20th day of December, 2010, before the undersigned competent witnesses, after due reading of the whole.

 

 

	 	WITNESSES:	 	BLUE VICTORY HOLDINGS, INC.	 
	 	 	 	 	 
	 	/s/ Rebecca T. Trahan	 	/s/ Seenu G. Kasturi, President	 
	 	Rebecca T. Trahan	 	By: Seenu G. Kasturi, President	 
	 	 	 	 	 
	 	/s/ Carleen Devoltz	 	 	 
	 	Carleen Devoltz	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	 	 	 
	 	NOTARY PUBLIC	 
	 	ID# 27722	 

 

 

THUS DONE AND PASSED in Lafayette, Louisiana, on this 20th day of December, 2010, before the undersigned competent witnesses, after due reading of the whole.

 

	 	WITNESSES:	 	BLUE VICTORY HOLDINGS, INC.	 
	 	 	 	 	 
	 	/s/ Rebecca T. Trahan	 	/s/ Seenu G. Kasturi, President	 
	 	Rebecca T. Trahan	 	By: Seenu G. Kasturi, President	 
	 	 	 	 	 
	 	/s/ Carleen Devoltz	 	 	 
	 	Carleen Devoltz	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	 	 	 
	 	NOTARY PUBLIC	 
	 	ID# 27722	 

 

THUS DONE AND PASSED in Windermere. Orange County, Florida, on this 17 of December, 2010, before the undersigned competent witnesses, a er due reading of the whole.

 

WITNESSES:

 

	 	WITNESSES:	 	BLUE VICTORY HOLDINGS, INC.	 
	 	 	 	 	 
	 	/s/ Karl L. Williamson	 	/s/ Divya Kasturi	 
	 	Karl L. Williamson	 	DIVYA KASTURI, Intervenor	 
	 	 	 	 	 
	 	/s/ Kamal Ruparcher	 	 	 
	 	Kamal Ruparcher	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	 	Priti K. Rupariela	   12/18/10
	 	NOTARY PUBLIC	 
	 	ID#fs1a2ex10x_bluevictory.htm

Exhibit 10.10

 

MANAGEMENT AGREEMENT

 

THIS MANAGEMENT AGREEMENT (this "Agreement), dated as of March 15, 2011 is made by and between Blue Victory Holdings, Inc., a Nevada Company (Blue Victory) and Star Brands, LLC., a Louisiana Limited Liability Company (Company).

 

WHEREAS, the Company desires to receive financial and management consulting services from Blue Victory, and thereby obtain the benefit of the experience of Blue Victory in business and financial management generally and its knowledge of the Company and the Company's financial affairs in particular. Blue Victory is willing to provide financial and management consulting services to the Company. Accordingly, the compensation arrangements set forth in this Agreement are designed to compensate Blue Victory for such services;

 

NOW, THEREFORE, in consideration of the foregoing premises and the respective agreements hereinafter set forth and the mutual benefits to be derived herefrom, Blue Victory and the Company hereby agree as follows:

 

TERMS

 

1. 

Engagement. The Company hereby engages Blue Victory as a financial and management consultant, and Blue Victory hereby agrees to provide financial and management consulting services to the Company, all on the terms and subject to the conditions set forth below.

 

2. 

Services of Blue Victory. Blue Victory hereby agrees during the term of this engagement to consult with the Managing Members and the management of the Company in such manner and on such business and financial matters as may be reasonably requested from time to time by the Managing Members, including but not limited to: (a) business strategy; (b) budgeting of future business investments; (c) acquisition and divestiture strategies; and (d) debt and equity financings.

 

3. 

Compensation.

 

Monthly Fee. The Company agrees to pay to Blue Victory as compensation for services to be rendered hereunder, a monthly fee equal to 3% of gross sales, payable monthly in arrears on the last day of each month, commencing with the month during which the closing of the Purchase (as defined below) occurs, with the monthly payment for the month in which the Purchase is closed being pro rated for the number of days between the date of such closing and the end of such month.

 

Future Acquisitions. When and as the Company or any of its affiliates consummates the acquisition of any other business, company, product line or enterprise (each, an "Acquisition"), the Company will pay to Blue Victory a fee equal to five percent (5%) of the Acquisition Price (as defined below) of such Acquisition, as compensation for services to be rendered by Blue Victory to the Company in connection with the consummation of such Acquisition. "Acquisition Price" means, with respect to a given Acquisition, the fair value of the total sale proceeds and other consideration received by the target company and its stockholders upon consummation of such Acquisition, including cash, securities, notes,

consulting agreements, non-compete agreements, contingent payments, plus the fair value of all liabilities assumed.

 

  

  

  

 

4. 

Expense Reimbursement. The Company shall promptly reimburse Blue Victory for such reasonable travel expenses and other out-of-pocket fees and expenses as may be incurred by Blue Victory, its partners and employees in connection with the Purchase and future Acquisitions, and in connection with the rendering of services hereunder.

 

5. 

Term. This Agreement shall be in effect for an initial term of five years commencing on the date hereof, and shall be automatically renewed thereafter on a year to year basis unless one party gives 30 days' prior written notice of its desire to terminate this Agreement. No termination of this Agreement, whether pursuant to this paragraph or otherwise, shall affect the Company's obligations with respect to the fees, costs and expenses incurred by Blue Victory in rendering services hereunder and not reimbursed by the Company as of the effective date of such termination.

 

6.

 

Indemnification. The Company agrees to indemnify and hold harmless Blue Victory, its officers and employees against and from any and all loss, liability, suits, claims, costs, damages and expenses (including attorneys' fees) arising from their performance hereunder.

 

7.

 

Blue Victory an Independent Contractor. Blue Victory and the Company agree that Blue Victory shall perform services hereunder as an independent contractor, retaining control over and responsibility for its own operations and personnel. Neither Blue Victory nor its partners or employees shall be considered employees or agents of the Company as a result of this Agreement nor shall any of them have authority to contract in the name of or bind the Company, except as expressly agreed to in writing by the Company.

 

8.

 

Notices. Any notice, report or payment required or permitted to be given or made under this Agreement by one party to the other shall be deemed to have been duly given or made if personally delivered or, if mailed, when mailed by registered or certified mail, postage prepaid, to the other party at the following addresses (or at such other address as shall be given in writing by one party to the other):

 

 

	If to Blue Victory:	Blue Victory Holdings, Inc.
	 	3909 Ambassador Caffery Pkwy 
	 	Building I
	 	Lafayette, LA 70503
	 	Facsimile: (888) 821-4205 
	 	Attn: Seenu Kasturi
	 	 
	If to the Company:	Star Brands, LLC.
	 	4400 Ambassador Caffery Pkwy 
	 	Ste A, Box 347
	 	Lafayette, LA 70508
	 	Facsimile: (888) 821-4205
	 	Attn: John Meyer

 

 

  

  

  

 

9.  

Entire Agreement; Modification. This Agreement (a) contains the complete and entire understanding and agreement of Blue Victory and the Company with respect to the subject matter hereof; (b) supersedes all prior and contemporaneous understandings, conditions and agreements, oral or written, express or implied, respecting the engagement of Blue Victory in connection with the subject matter hereof; and (c) may not be modified except by an instrument in writing executed by Blue Victory and the Company.

 

10. 

Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach of that provision or any other provision hereof.

 

11. 

 

Assignment. Neither Blue Victory nor the Company may assign its rights or obligations under this Agreement without the express written consent of the other.

 

12. 

Choice of Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Louisiana, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Louisiana or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Louisiana.

 

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IN WITNESS WHEREOF, Blue Victory and the Company have caused this Management Agreement to be duly executed and delivered on the date and year first above written.

 

 

	 	BLUE VICTORY HOLDINGS, INC.	 
	 	 	 	 
	 	
By: 

	Seenu Kasturi	 
	 	Its:	CEO	 
	 	 	 	 
	 	 	/s/ Seenu Kasturi	 

 

 

	 	STAR BRANDS, LLC.	 
	 	 	 	 
	 	
By: 

	John Meyer	 
	 	Its:	Managing Member	 
	 	 	 	 
	 	 	/s/  John Meyer

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