Document:

Demand Promissory Note

 

	Boca Raton, Florida	    December 31, 2013

 

 

For
Value Received, Banyan Rail Services Inc., a Delaware Corporation (“Maker), promises to pay to Banyan Rail Holding
LLC, a Delaware limited liability company (“Holder”), the principal sum of $150,000, plus accrued interest, as described
below.

 

All amounts outstanding under this Note
shall bear interest at 10.0% per annum beginning on the date of this Note.

 

The Holder may call for payments of outstanding
principal and interest under this Note at any time or from time to time by giving notice in writing to Maker at least five business
days before the date payment is due. This Note may be prepaid in whole or in part at any time without penalty.

 

If Maker fails to make full and timely
payments of principal or interest when due under this Note, then the Maker shall pay to Holder, in addition to such amounts due,
all costs of collection, including reasonable attorneys’ fees.

 

This Note shall be governed and construed
in accordance with the laws of the State of Florida. Any action arising out of or relating to this Note must be brought, if at
all, in the courts of the State of Florida. The parties hereby waive any objections they might otherwise have to such venue and
forum, whether on the basis of inconvenience, lack of personal jurisdiction or otherwise and hereby irrevocably consent to personal
jurisdiction in such forum and venue.

 

The provisions hereof shall inure to the
benefit of, and shall be binding upon, Maker, Holder and their respective, successors and permitted assigns.

 

	Banyan Rail Services Inc.
	 	 
	 	 
	 	 
	/s/ Jon Ryan	 
	By Jon Ryan, President and CFOEXHIBIT 10.1

 

AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT

 

This Amendment to Independent
Contractor Agreement (“Amendment”) is entered into as of the 31st day of December 2013, by and between Eventure
Interactive, Inc. (“EVTI”) and Jigsaw Partners, Inc. (“Jigsaw”) and amends the Independent Contractor Agreement
dated August 15, 2013, between EVTI and Jigsaw (herein referred to as the “Agreement”).

 

The Parties to the
Agreement hereby amend Section 3(e) of the Agreement to read as follows:

 

“(e)  Equity
in Lieu of Cash. Jigsaw may, in its sole discretion, agree to accept shares of EVTI restricted common stock in lieu of any
cash payments due to Jigsaw under this Section 3. Jigsaw may do so by providing written notice thereof to EVTI. In such event the
number of shares issuable to Jigsaw shall be determined at the discretion of Jigsaw based upon (i) the average closing price of
EVTI common stock during the five trading days immediately prior to the date on which such written notice is received by EVTI after
applying a 10% discount to such average closing price, or (ii) to the extent applicable, the price at which EVTI is offering shares
of EVTI’s restricted common stock in a private placement offering taking place at the time that the written notice is received,
or if no such private placement offering is then taking place, at the price at which EVTI sold shares of common stock in a private
placement offering which was completed and closed within 30 days of the date on which the written notice was received. By way of
example with regard to (i) above, if Jigsaw agrees to convert $10,000 of cash compensation based upon an average closing price
of $4.00 per share, Jigsaw would be entitled to receive approximately 2,778 shares which represents 10,000 divided by 3.60. Notwithstanding
the foregoing, the maximum aggregate number of shares of EVTI restricted common stock issuable under this Section 3(e) is 100,000
shares.”

 

This Amendment is hereby
made part of and incorporated into the Agreement, with all of the terms and conditions of the Agreement remaining in full force
and effect, except to the extent modified hereby.

 

This Amendment may
be executed in multiple counterparts, each of which may be executed by less than all of the parties and shall be deemed to be an
original instrument which shall be enforceable against the parties actually executing such counterparts and all of which together
shall constitute one and the same instrument. The exchange of copies of this Amendment and of signature pages by facsimile transmission
or in pdf format shall constitute effective execution and delivery of this Amendment as to the parties and may be used in lieu
of the original Amendment for all purposes. Signatures of the parties transmitted by facsimile or in pdf format shall be deemed
to be their original signatures for all purposes.

 

IN WITNESS WHEREOF, this Amendment has been
executed and delivered by the parties below effective as of the date first set forth above.

 

	EVENTURE INTERACTIVE, INC.	 	JIGSAW PARTNERS, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/ Gannon Giguiere	 	By:	/s/ Vinay Jatwani
	Name:	Gannon Giguiere	 	Name:	Vinay Jatwani
	Title:	CEO	 	Title:	CEOVanell Corp.

411 108th Avenue NE

Suite 1970

Bellevue, Washington 98004

 

 

January 3, 2014

 

Train Travel Holdings, Inc.

2929 Commercial Blvd.

Fort Lauderdale, Florida 33308

Attention: Neil Swartz

 

		Re:	Binding Letter of Intent

 

Dear Mr. Swartz:

 

This letter sets forth
our binding letter of intent (“Letter of Intent”) among Vanell Corp., a Nevada corporation (“Vanell”) and
Train Travel, Holdings, Inc., a Florida Corp. (“Train Travel”), in connection with the transfer and issuance of shares
of Vanell to Train Travel, or its designees, in an amount equal to 78% of the issued and outstanding shares of Vanell on a fully
diluted basis (the “Transaction”), subject to the terms of definitive agreements, to be negotiated and duly executed
by the relevant parties.

 

The proposed terms
of the Transactions are as follows:

 

1.Definitive Agreements.
Consummation of the Transactions as contemplated hereby will be subject to the negotiation and execution of mutually satisfactory
definitive agreements (the “Definitive Agreements”), setting forth the specific terms and conditions of the Transactions
proposed hereby. The execution of the Definitive Agreements by the parties is subject to approval by the Board of Directors of
each party. The parties will use their reasonable best efforts to negotiate in good faith the Definitive Agreements, which shall
contain, among other terms and conditions, the following provisions:

 

		(a)	Vanell shall effectuate a transaction such that Train Travel, or its designees such receive shares
representing 78% of the issued and outstanding shares of Vanell on a fully diluted basis, in consideration for the transfer of
all of the outstanding shares of Train Travel to Vanell so that Train Travel shall become a wholly owned subsidiary of Vanell (“Purchase
Price”).

 

		(b)	The shares directors, executives, officers and affiliates of Vanell shall indemnify and hold harmless
Train Travel and its shareholders from any liabilities arising or related to any action that occurred prior to the Transactions.

 

		(c)	The current officers and directors of Vanell shall resign effective immediately after the closing
of the Transaction, with such vacancies filled by the nominees of Train Travel.

 

		(d)	Any required and necessary third-party consents shall be obtained prior to execution of the Definitive
Agreement, including, but not limited to, any consents required to be obtained from Vanell’s lenders, creditors, vendors
and lessors.

 

    	 

    	 

    

 

 

		(e)	At closing of the Transaction, Vanell will cease its operation and satisfy all of its outstanding
liabilities in full.

 

		(f)	At closing of the Transaction, each party shall have completed their due diligence review of the
other party and shall be reasonably satisfied with the result of such review.

 

2.Conduct of
Business. Prior to the execution of the Definitive Agreement and the closing of the Share Purchase, Vanell will conduct its
operations in the ordinary course consistent with past practice and will not issue any capital stock or grant any options with
respect to its capital stock, nor will Vanell make any distributions, dividends or other payments to any affiliate or shareholders.
Vanell will continue to make timely disclosures and reports as required by federal and state securities laws. Each Party shall
make a good faith effort to complete all terms of this Letter of Intent as soon as practicable.

 

3.Public Announcements.
Neither party will make any public disclosure concerning the matters set forth in this Letter of Intent or the negotiation of the
proposed Transactions without the prior written consent of the other party, which consent shall not be unreasonably withheld. If
and when either party desires to make such public disclosure, after receiving such prior written consent, the disclosing party
will give the other party an opportunity to review and comment on any such disclosure in advance of public release. Notwithstanding
the above, to the extent that disclosure of the matters set forth in this Letter of Intent is required by laws or to the extent
that such disclosure is ordered by a court of competent jurisdiction, then such disclosing party will provide the other party,
if reasonably possible under the circumstances, prior notice of such disclosure as well as an opportunity to review and comment
on such disclosure in advance of the public release.

 

4.Due Diligence;
Confidentiality Agreement. Each party and its representatives, officers, employees and advisors, including accountants and
legal advisors, will provide the other party and its representatives, officers, employees and advisors, including accountants and
legal advisors, with all information, books, records and property (collectively, “Transaction Information”) that such
other party reasonably considers necessary or appropriate in connection with its due diligence inquiry. Each party agrees to make
available to the other party such officers, employees, consultants, advisors and others as reasonably requested by the other party
for meetings, visits, questions and discussions concerning each other and the Transactions. Each of the parties shall maintain
the confidentiality of the Transaction Information, unless all or part of the Transaction Information is required to be disclosed
by applicable securities laws or to the extent that such disclosure is ordered by a court of competent jurisdiction. Each party
will have until 12:00PM Eastern Standard Time on the date that is January 9, 2014 (the “Due Diligence Review Period”)
to complete their initial due diligence review of the respective documents, unless the Definitive Agreement specifies a different
deadline for completion of such due diligence review.

 

5.Exclusivity.
In consideration for the mutual covenants and agreements contained herein, until the termination of this Letter of Intent in accordance
with its terms, Vanell, its officers, directors, employees, shareholders and other representatives, will not, and will not permit
any of their respective affiliates to, directly or indirectly, solicit, discuss, accept, approve, respond to or encourage (including
by way of furnishing information) any inquiries or proposals relating to, or engage in any negotiations with any third party with
respect to any transaction similar to the Transaction or Transaction or any transaction involving the transfer of a significant
or controlling interest in the assets or capital stock of Vanell, including, but not limited to, a merger, acquisition, strategic
investment or similar transaction (“Acquisition Proposal”). Vanell and its officers or their respective affiliates
will immediately notify Train Travel in writing of the receipt of any third party inquiry or proposal relating to an Acquisition
Proposal and will provide Train Travel with copies of any such notice inquiry or proposal. Notwithstanding the foregoing, nothing
in this Section 5 will be construed as prohibiting the board of directors of Vanell from (a) making any disclosure to its stockholders
required by applicable law; or (b) responding to any unsolicited proposal or inquiry to Vanell (other than an Acquisition Proposal)
by a third party by advising such third party the existence of this Section 5.

 

    	 

    	 

    

 

6.Termination.
This Letter of Intent may be terminated (a) by mutual written consent of the parties hereto, (b) by either party (i) after 5:00
p.m. Eastern standard time on January 30, 2014, which date may be extended for a period of thirty (30) days at the written request
of either party, if a Definitive Agreement is not executed and delivered by the parties prior to such time, (c) if the Transactions
are enjoined by a court or any governmental body, or (d) by Train Travel, if Train Travel is not satisfied with the results of
its due diligence investigation of Vanell in its sole and absolute discretion.

 

7.No Brokers.
Each party represents and warrants to the other that there are no brokers or finders entitled to any compensation with respect
to the execution of this Letter of Intent, and each agrees to indemnify and hold the other harmless from and against any expenses
or damages incurred as a result of a breach of this representation and warranty.

 

8. Expenses.
Each of the parties will be responsible for its own expenses in connection with the Transactions, including fees and expenses of
legal, accounting and financial advisors.

 

9.Compliance
with the Securities Laws. Train Travel acknowledges that it and its officers, directors, shareholders and employees and other
representatives may, in connection with their consideration of the proposed Transactions, come into possession of material non-public
information about Vanell. Accordingly, Vanell will use its best efforts to ensure that none of its officers, directors, shareholders
and employees or other representatives will trade (or cause or encourage any third party to trade) in any of the securities which
they will receive as a result of the Share Purchase while in possession of any such material, non-public information. Vanell acknowledges
that it and its officers, directors, shareholders and employees and other representatives may, in connection with their consideration
of the proposed Transactions, come into possession of material non-public information about Train Travel and its respective affiliates.
Accordingly, Vanell will use its best efforts to ensure that none of its officers, directors, shareholders, employees or other
representatives will trade (or cause or encourage any third party to trade) in any of the securities which they will receive as
a result of the proposed Transactions while in possession of any such material, non-public information.

 

10.Counterparts.
This Letter of Intent maybe executed in counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Fax and PDF copies of signatures shall be treated as originals for all purposes.

 

11.Effect.
Other than Section 2 to Section 10 hereof, which are binding obligations of the parties govern by the laws of the State of Nevada,
no parties have obligations with respect to the Transactions contemplated unless and until the Definitive Agreements are duly executed.

 

    	 

    	 

    

 

This Letter of Intent
will expire and be void unless it has been duly executed by or on behalf of the parties prior to at 5:00 p.m. (Eastern Standard
Time) on January 3, 2014.

 

Very truly yours,  

 

VANELL CORP.

 

By:/s/ Francisco Douglas Magana                 

Name:Francisco Douglas Magana

Title:Director

 

Agreed and Accepted:

 

TRAIN TRAVEL HOLDINGS, INC.

 

By:          /s/Neil Swartz               

Name:Neil Swartz

Title: President

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