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Exhibit 10.5    
    

SOFTWARE LICENSE AGREEMENT  

        This
Software License Agreement ("Agreement"), dated as of March 15th, 2005, by and between Amazing Technologies Corp. a Nevada corporation ("Licensee") and 4159748
Canada Inc., a Canadian corporation ("Licensor"). 

WITNESSETH:  

        WHEREAS, Licensee and Licensor are parties to a certain Software License Agreement (the "Agreement"), dated of
even date herewith, pursuant to which Licensor will be entitled to a one time payment of One hundred and fifty thousand United States Dollars ($150,000 usd) (the "License Acquisition Cost") and an
ongoing royalty payment of 1% of gross sales of the Licensee as full consideration for the rights granted pursuant to this Agreement (the "Royalty") up to and including a maximum royalty of one
million dollars ($1,000,000 usd) based on an aggregate of one hundred million dollars ($100,000,000 usd) in gross sales; 

        AND
WHEREAS the Royalty shall constitute payment for the exclusive License, such License to continue in full force and effect unless terminated pursuant to the termination provisions set
out herein; 

        AND
WHEREAS the Licensee agrees to an advance payment against the Royalty of $25,000 usd per calendar quarter (the "Royalty Advance") payable at the beginning of each quarter subject to
the terms and conditions herein; 

        AND
WHEREAS, Licensee desires to commercialize certain software and intellectual property owned by Licensor and Licensee wishes to continue using such software and intellectual property
thereafter in connection with its own research and development; 

        AND
WHEREAS, Licensee is desirous of obtaining from Licensor a license to use, develop and commercialize such software and intellectual property, and Licensor is willing to grant such a
license, on the terms and conditions herein. 

        NOW,
THEREFORE, in consideration of the aforesaid premises and mutual covenants and promises herein, and other good and valuable consideration, including the initial royalty payment, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

	1.
	LICENSE GRANT

	1.1
	During
the Term (as defined in Section 8) and subject to the terms and conditions herein, Licensor hereby grants to Licensee a perpetual, worldwide, exclusive right and license
under the copyrights and other intellectual property rights in the software listed on Schedule A (the "Software"), to use, reproduce, distribute
and make derivative works based upon such software.

	1.2
	Licensor
does not grant any licenses to Licensee with respect to any third-party intellectual property rights incorporated or embodied in, or relied upon by the Software. Licensee
accepts the license in Section 1.1 "as is" with respect to such third-party rights.

	1.3
	All
rights not expressly granted to Licensee herein are reserved to Licensor. Licensee disclaims any right to use any other software or technology of Licensor other than the Software
licensed herein. 

1

 

	2.
	OWNERSHIP

	2.1
	Licensee
acknowledges and agrees that the Software constitutes the confidential, exclusive and valuable property of Licensor. Licensor agrees to transfer all Title and Intellectual
property rights exclusively to the Licensor pursuant to the terms of this Agreement.

	2.2
	Licensee
shall take no action inconsistent with Licensor's ownership rights as set forth above, including in any claim, action, dispute, suit, arbitration or proceeding
("Action"). Without limiting the foregoing, Licensee shall be entitled to allow or engage third parties to register or attempt to register title or any
intellectual property rights to any of the Software, provided that all terms of the licensing agreement have been met.

	2.3
	The
parties shall cooperate, do all acts and execute all documents necessary or expedient for vesting, securing, maintaining and recording title and ownership of any Software, or any
intellectual property rights therein, with all appropriate Governmental Authorities.

	2.4
	After
the date hereof only the Licensee may, but is not obligated to, create, design or develop any modifications, revisions, improvements, upgrades, translations (into foreign or
other programming languages) or enhancements to the Software ("Derivatives"). If the Licensee does create, design or develop any Derivatives, such party
shall own title and all intellectual property rights therein with respect to any Derivatives.

 

	3.
	OBLIGATIONS

	3.1
	Licensor
shall use commercially reasonable efforts to assist Licensee in obtaining, registering, perfecting and enforcing all intellectual property rights of Licensee with respect to
the Software, including without limitation, disclosing pertinent information and executing documents in connection therewith.

	3.2
	Licensor
agrees (i) to notify Licensee in writing of any actual or potential infringement, imitation, misappropriation or other impairment
("Infringement") of the Software of which it is or becomes aware; and (ii) to cooperate with Licensee in the prosecution or defense of any
Infringement Action with regard to the Software.

	3.3
	Licensee
shall comply with all laws, statutes, rules, regulations, directives (including export control and data transfer laws and directives) and reputable business practice in the
operation of its businesses and its use of the Software.

	3.4
	Licensor
shall reproduce any patent, copyright or other legal notices and legends contained in the Software, required by law, and/or reasonably requested by Licensee.

 

	4.
	ASSISTANCE

	4.1
	Licensor
shall provide, deliver or otherwise make available to the Licensee the Software at a mutually-agreeable location within 15 days of the date of this Agreement.

	4.2
	Licensee
acknowledges and agrees that Licensor sha1l have no other obligation whatsoever regarding the Software with respect to the maintenance, support, modifications, customization,
debugging or error correction.

 

	5.
	WARRANTIES

	5.1
	Both
the Licensee and Licensor hereby represent and warrant to each other that:

	a)
	such
party is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and
authority to enter into this Agreement and to perform its obligations hereunder; 

2

 

	b)
	the
execution, delivery and performance by such party of this Agreement have been duly and validly authorized by all necessary corporate action on the part of such party; and

	c)
	this
Agreement has been duly executed and delivered by such party and constitutes a valid and legally biding obligation of such party, enforceable against such party in accordance with
its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting the enforcement or creditors' rights
generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

	5.2
	EXCEPT
AS PROVIDED IN SECTION 5.1, LICENSOR MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THE SOFTWARE, WHICH IS LICENSED TO LICENSEE HEREUNDER "AS IS." LICENSOR DISCLAIMS ANY IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SOFTWARE, AND ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, ARE HEREBY DISCLAIMED AND EXCLUDED. WITHOUT LIMITING THE
FOREGOING, LICENSOR EXPRESSLY DISCLAIMS AND EXCLUDES ANY WARRANTY OF OWNERSHIP, NON-INFRINGEMENT, RELIABILITY, SUITABILITY, FUNCTIONALITY, ABILITY TO PRODUCE A PARTICULAR RESULT, VALIDITY,
AND FREEDOM FROM BUGS, ERRORS, DEFECTS AND VIRUSES, REGARDING THE SOFTWARE.

 

	6.
	INDEMNIFICATION

Pursuant
to this Agreement, each party shall indemnify and hold harmless the other party and its officers, directors, representatives, employees and agents harmless from and against any and all
damages, costs, judgments, awards, compromises, settlements, expenses (including reasonable attorneys' fees and costs of litigation), losses and liabilities arising from or relating to any Action
alleging that any Derivatives created by or on behalf of such first party or any sub-licensee or that any use of the Software or any Derivatives by or on behalf of such first party or any
sub-licensee (either alone or in combination with other software or technology) constitutes Infringement of the rights of any third party. 

	7.
	CONFIDENTIALITY

	7.1
	Licensor
shall hold in confidence, and not disclose, display or provide access to any other Person, any non-public information, data, materials or documents underlying,
incorporated within or provided or received in connection with, the Software ("Information").

	7.2
	"Information" does not include any information that is:

	a)
	published
or otherwise made available to the public other than by breach of this Agreement by Licensor or any wrongful act of any Person, including Licensor, its affiliates, directors,
officers, employees, agents or representatives;

	b)
	rightfully
received by Licensor from a third party without any restrictions on its disclosure;

	c)
	independently
developed by Licensor's employees having no access to any Information;

	d)
	already
known to Licensee prior to its first receipt of any applicable Information from Licensor hereunder; 

3

 

	e)
	hereinafter
disclosed by Licensor to a third party without restriction on disclosure; or

	f)
	required
to be disclosed by applicable law, statute, regulation, court order or judicial process, based upon the reasonable advice of counsel;  provided that Licensee shall inform Licensor promptly of such
requirement and shall cooperate full with Licensor to obtain a protective order or other
similar remedy.

 

	8.
	TERM, TERMINATION AND SURVIVAL

	8.1
	The
term of this Agreement ("Term") shall commence on the date hereof and last in perpetuity, unless termination occurs pursuant to
Section 8.2.

	8.2
	Licensor
may terminate this Agreement and this Agreement shall be of no further force or effect, immediately upon notice to Licensee if:

	a)
	(i) Licensee
makes an assignment for the benefit of creditors; (ii) Licensee admits in writing its inability to pay debts as they mature; (iii) a trustee or
receiver is appointed for a substantial part of Licensee's assets; or (iv) to the extent termination is enforceable under the Canadian Bankruptcy Code, a proceeding in bankruptcy is instituted
against Licensee which is acquiesced in, is not dismissed within 120 days, or results in an adjudication or bankruptcy;

	b)
	Licensee
asserts any Action in any court or other forum, whether in law or equity, stating that this Agreement is not enforceable or should not be enforced against it or otherwise
limiting, challenging or questioning the validity, binding effect or enforceability of this Agreement, the Software or Licensor's rights therein; or

	c)
	Licensee
defaults on payment of any Royalty or Royalty Advance (the "Default") provided that such Default is not cured within 30 days from the due date of such Royalty or
Royalty Advance Payment.

	8.3
	Licensee
may terminate this Agreement and this Agreement shall be of no further force or effect upon the Licensee providing thirty (30) days written notice to Licensor of such
termination.

	8.4
	Upon
termination of this Agreement for any reason, (i) Articles 2, 6, 7 and 9 shall survive; and (ii) Licensee shall return to Licensor or destroy, at Licensor's option,
all originals and copies of any Software; cooperate with Licensor to protect its rights in the Software; and discontinue all use of the Software.

 

	9.
	MISCELLANEOUS

	9.1
	Notices. All notices, requests, demands and other communications which are required or may be given under this Agreement shall be in
writing and shall be deemed to have been duly given if delivered personally, if telecopied (followed with confirmatory notice by overnight courier) or if mailed, first class mail, postage prepaid,
return receipt requested, or by overnight courier as follows:

	a)
	If
to Licensee:

4159748 Canada Inc.

Suite 919, 102-4369 Main Street

Whistler, BC V0N 1B4 

4

 

	b)
	If
to Licensor:

Amazing Technologies Corp.

2251 S. Jones Blvd., Suite 121

Las Vegas, Nevada 89146

  
Or
to such other address as either party shall have specified by notice in writing to the other party. All such notices, requests, demands and communications shall be deemed to have been received on
the date of personal delivery or telecopy, on the third Business Day after the mailing thereof or on the first day after delivery by overnight courier. 

	9.2
	Entire Agreement. This Agreement (including the Schedule hereto) constitutes the entire agreement between the parties hereto and
supersedes all prior agreements and understandings, oral and written, between the parties hereto with respect to the subject matter hereof.

	9.3
	Benefit. Nothing in this Agreement, expressed or implied, is intended to confer on any Person other than the parties hereto or their
respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

	9.4
	Assignment. This Agreement shall be assignable by Licensee, in whole or in part or by operation of law or otherwise, without prior
written consent of Licensor; provided that the Licensee (a) bind the assignee to all of Licensee's obligations hereunder and (b) provide
guarantee, with respect to the assignee's performance or (i) as a whole, in connection with a merger, change of control, reorganization or sale of all or substantially all of Licensee's assets
or equity (a "Permitted Assignment"). In the event of a Permitted Assignment, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and
assigns.

	9.5
	Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by the
parties hereto. No waiver by either party of any of the provisions hereof shall be effective unless explicitly set forth in writing and executed by the party so waiving. Except as provided in the
preceding sentence, no action taken pursuant to this Agreement, including without limitation, any investigation by or on behalf of any party, shall be deemed to constitute a waiver by the party taking
such action of compliance with any representations, warranties, covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach.

	9.6
	Section Headings; Construction. The section headings contained in this Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Agreement. This Agreement shall be construed as if it were authored jointly by the parties hereto.

	9.7
	Severability. If any provision of this Agreement shall be declared by any court of competent jurisdiction to be illegal, void or
unenforceable, all other provisions of this Agreement shall not be affected and shall remain in full force and effect.

	9.8
	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of
which together shall be deemed to be one and the same instrument.

	9.9
	Applicable Law. This Agreement shall be governed by, and construed in accordance with, the laws of Nevada applicable to contracts
executed and to be performed entirely within that state. 

5

 

	9.10
	Disputes. (a) Each party hereto (i) irrevocably submits to the non-exclusive jurisdiction of any court located
within the State of Nevada for the purposes of any Action arising out of this Agreement or any transaction contemplated hereby; (ii) agrees that process may be served upon them in any manner
authorized by the laws of the State of Nevada for such persons; and (iii) waives and covenants not to assert or plead any objection which it might otherwise have to such jurisdiction and such
process. 

        (b)   Each
party hereto hereby irrevocably waives all rights to a trial by jury in any Action arising out of or relating to this Agreement or the actions of the parties hereto
in the negotiations, administration, performance or enforcement of this Agreement. 

        (c)   Licensee
acknowledges that any material breach of or default under this Agreement or use of any Software after termination of this Agreement would cause irreparable
injury to Licensor, and agrees that, in such event, Licensor may obtain an injunction by any court of competent jurisdiction without posting bond or other security. 

	9.11
	Independent Contractors. The relationship between Licensor and Licensee shall be that of independent contractors. No party to this
Agreement shall be an agent of the other, and no employees or agents of any party shall be considered the employees or agents of any other party. Each party shall be responsible for its employees' and
agents' compliance with all applicable laws while performing under this Agreement. This Agreement shall not form a joint venture or partnership between or among the parties for tax purposes or
otherwise. 

6

 

        IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date and year first written above by their fully authorized
representative(s). 

	 	 	AMAZING TECHNOLOGIES CORP.
	 	 	 
	 	 	By: /s/  J. BRADLEY HALL      
 Name: J. Bradley Hall

Title: CEO
	 	 	 
	 	 	 
	 	 	4159748 Canada Inc.
	 	 	 
	 	 	By: /s/  J. BRADLEY HALL      
 Name: J. Bradley Hall

Title: Chief Executive Officer

7

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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 

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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 Liabilities

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