Document:

Horne International, Inc. (formerly
Spectrum Sciences and Software Holdings Corp.)

     

    Amendment to Horne International,
Inc.  2004 Non-Statutory Stock Option Plan

     

    Dated May 10, 2010

     

    

     

    This
amendment to the Horne International, Inc. 2004 Non-Statutory Stock Option Plan,
as previously amended, is effective May 10, 2010.  The Horne
International, Inc. 2004 Non-Statutory Stock Option Plan shall be amended and
such amendment shall be fully incorporated as follows:

     

    3.  SHARES
SUBJECT TO THE PLAN.  The stock subject to Options granted under the
Plan shall be shares of the Company’s Common Stock, par value $.0001 per share
(“the Common Stock”), whether authorized but unissued or held in the Company’s
treasury.  The maximum number of shares of Common Stock which may be
issued pursuant to Options granted under the Plan shall not exceed in the
aggregate Thirty Two Million (32,000,000) shares, subject to adjustment in
accordance with the provisions of Section 11 hereof.  The Company
shall at all times while the Plan is in force reserve such number of shares of
Common Stock as will be sufficient to satisfy the requirements of all
outstanding Options granted under the Plan.  In the event
any  Option granted under the Plan shall expire or terminate for any
reason without having been exercise in full or shall cease for any reason to be
exercisable in whole or in part, the un-purchased shares subject thereto shall
again be available for Options under the Plan.

     

    All other
terms and condition of the Amended 2004 Non-Statutory Stock Option Plan shall
remain in full force and effect.

     

    HORNE
INTERNATIONAL, INC.

     

    
      
        	
                /s/ Darryl K.
      Horne

              	 
      
	
                Darryl
      K. Horne, CEO

              	 
      
	
                Dated:  May
      10, 2010ASSET
PURCHASE AGREEMENT

     

    BY
AND AMONG

     

    INNOVATIVE
WIRELESS TECHNOLOGIES, INC.,

     

    AND

     

    MECHTECH,
LLC

     

    Dated
as of August 6, 2010

    
      
         

      

      
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    DEFINITIONS

     

    “Action”
means any action, complaint, petition, suit or other legal proceeding, whether
civil or criminal, in law or in equity, or before any arbitrator or Governmental
Entity.

     

    “Affiliate”
means with respect to any Person, any other Person that controls, is controlled
by or is under common control with such Person.  For purposes of this
definition, “control” (including, with its correlative meanings, the terms
“controlling,” “controlled by,” and “under common control with”) as applied to
any Person, means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of that Person, whether
through ownership of voting securities or equity interests, by contract, by
family relationship or otherwise.

     

    “Agreement”
has the meaning set forth in the Preamble.

     

    “Assumed
Liabilities” has the meaning set forth in Section
1.2.

     

    “Breach”
means (a) any breach, inaccuracy, failure to perform, failure to comply,
conflict with, failure to notify, default, or violation or (b) any other act,
omission, event, occurrence or condition the existence of which would (i) permit
any Person to accelerate any obligation or terminate, cancel, or modify any
right or obligation or (ii) require the payment of money or other
consideration.

     

    “Business
Day” means any day other than (i) a Saturday or a Sunday or (ii) a day on which
banking and savings and loan institutions are authorized or required by federal
law to be closed.

     

    “Buyer”
has the meaning set forth in the Preamble.

     

    “Closing”
means the closing of the purchase and sale of the Purchased Assets in accordance
with this Agreement.

     

    “Closing
Date” has the meaning set forth in Section
2.1.

     

    “Code”
means the Internal Revenue Code of 1986, as amended, and all guidance
promulgated thereunder.

     

    “Contract”
shall mean written, oral, implied or other agreement, contract, understanding,
arrangement, instrument, note, guaranty, indemnity, representation, warranty,
deed, assignment, power of attorney, certificate, purchase order, work order,
insurance policy, benefit plan, commitment, covenant, assurance or undertaking
of any nature, including without limitation any agreement (i) evidencing an
obligation to pay or receive money in excess of $2,500 annually, (ii) binding
Seller and which does not allow Seller to terminate on 30 days’ or less prior
notice without penalty or payment by Seller or (iii) relating to services or
goods provided by Seller.

     

    “Copyrights”
means copyrights, whether registered or unregistered, in published works and
unpublished works, and pending applications to register the
same.

    
      
         

      

      
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    “Domain
Names” means websites or domain names.

     

    “Encumbrance”
means any claim, charge, lease, covenant, easement, encumbrance, security
interest, lien, option, pledge, rights of others, or restriction (whether on
voting, sale, transfer, disposition or otherwise), whether imposed by agreement,
understanding, law, equity or otherwise, except for any restrictions on transfer
generally arising under any applicable federal or state securities
law.

     

    “GAAP”
means generally accepted accounting principles in the United
States.

     

    “Governmental
Entity” means any government or any agency, bureau, board, commission, court,
department, official, political subdivision, tribunal or other instrumentality
in each case of any government, whether federal, state or local, domestic or
foreign.

     

    “Indemnified
Buyer Parties” has the meaning set forth in Section
7.2.

     

    “Intellectual
Property” means any rights, licenses, liens, security interests, charges,
encumbrances, equities, and other claims that any Person may have to claim
ownership, authorship or invention, to use, to object to or prevent the
modification of, to withdraw from circulation, or control the publication or
distribution of any Marks, Patents, Copyrights, Trade Secrets or Domain
Names.

     

    “IRS”
means the Internal Revenue Service or any successor entity.

     

    “Law”
means any constitutional provision, statute or other law, rule, regulation, or
interpretation of any Governmental Entity, and any Order.

     

    “Liability”
means all indebtedness, obligations and other liabilities of a Person (whether
absolute, accrued, contingent, fixed or otherwise, or whether due or to become
due), including those arising under any Law, action, investigation, inquiry or
order and those arising under any Contract.

     

    “Loss” or
“Losses” means any action, cost, damage, disbursement, expense, Liability, loss,
obligation, diminution in value, or penalty of any kind or nature which may be
imposed on or otherwise incurred or suffered by the specified Person and solely
in the case of the defense of Third-Party Claims, shall include reasonable
legal, accounting and other professional fees and expenses.

     

    “Mark”
means any brand name, logos, service mark, trademark, trade name, and all
registrations or application for registration of any of the
foregoing.

     

    “Material
Adverse Effect” means a material adverse effect on the business, operations,
condition (financial or otherwise), properties, liabilities, prospects, and
assets of Seller.

     

    “Order”
means any decree, injunction, judgment, order, ruling, assessment or
writ.

    
      
         

      

      
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    “Organizational
Documents” means the articles of incorporation, certificate of incorporation,
charter, bylaws, articles of formation, regulations, operating agreement,
certificate of limited partnership, partnership agreement, and all other similar
documents, instruments, or certificates executed, adopted, or filed in
connection with the creation, formation, or organization of a Person, including
any amendments thereto.

     

    “Party”
or “Parties” has the meaning set forth in the Preamble.

     

    “Patents”
means all (a) patents and patent applications, and (b) business methods,
inventions, and discoveries that may be patentable.

     

    “Permit”
means any license, permit, franchise, certificate of authority, or any waiver of
the foregoing, required to be issued by any Governmental Entity.

     

    “Person”
means an association, a corporation, an individual, a partnership, a trust or
any other entity or organization, including a Governmental Entity.

     

    “Personal
Property” means machinery, equipment, computer programs, computer software,
tools, motor vehicles, furniture, furnishings, leasehold improvements, office
equipment, inventories, supplies, plant, spare parts, and other tangible or
intangible personal property.

     

    “Purchase
Price” has the meaning specified in Section
1.3.

     

    “Purchased
Assets” has the meaning set forth in Section
1.1.

     

    “Required
Third Party Consents” has the meaning set forth in Section
3.3.

     

    “Seller”
has the meaning set forth in the Preamble.

     

    “Software”
means computer software or middleware.

     

    “Tax”
means any gross receipts, license, payroll, employment, excise, severance,
stamp, occupation, premium, windfall profits, environmental (including taxes
under Code §59A), customs duties, capital stock, franchise, profits,
withholding, social security (or similar), unemployment, disability, real
property, Personal Property, sales, use, transfer, registration, value added,
alternative or add-on minimum, estimated, or other tax of any kind whatsoever,
including any interest, penalty, or addition thereto, whether disputed or not,
and including any obligations to indemnify or otherwise assume or succeed to the
Tax liability of any other Person, including pursuant to any tax sharing
agreement or any other contract relating to the sharing or payment of any such
tax.

     

    “Tax
Return” means any return (including any information return), report, statement,
schedule, notice, form, or other document or information filed with or submitted
to, or required to be filed with or submitted to, any Taxing Authority in
connection with the determination, assessment, collection, or payment of any Tax
or in connection with the administration, implementation, or enforcement of or
compliance with any Law relating to any Tax, including any amendment
thereof.

    
      
         

      

      
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    “Taxing
Authority” means the IRS or any other authority (whether domestic or foreign
including, without limitation, any state, local or foreign government or any
subdivision or taxing agency thereof (including a United States possession))
responsible for the administration of any Tax.

     

    “Third
Party Claim” has the meaning set forth in 7.4(a).

     

    “Trade
Secrets” means all know-how, trade secrets, confidential information, customer
lists, Software (source code and object code), technical information, data,
process technology, plans, drawings, and blue prints.

     

    “Transaction
Documents” means this Agreement, the Bill of Sale, Assignment and Assumption
Agreement, and any amendments thereto.

    
      
         

      

      
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    ASSET
PURCHASE AGREEMENT

     

    This
Asset Purchase Agreement (this “Agreement”) is
entered into as of August 6, 2010 by and among Innovative Wireless Technologies,
Inc., a Delaware corporation (formerly known as Bayrock Ventures, Inc.) (“Buyer”), and
MechTech, LLC, a California limited liability company (“Seller”). Buyer and
Seller are collectively referred to as the “Parties”, and each, a
“Party”.

     

    RECITALS

     

    WHEREAS, Seller desires to
sell and Buyer desires to purchase, the assets of Seller set forth on Schedule 1.1 attached
hereto;

     

    NOW, THEREFORE, in
consideration of the above recitals and mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree to the definitions set forth on
pages 2, 3, 4 and 5, and as follows:

     

    ARTICLE
1

     

    SALE
AND PURCHASE OF ASSETS

     

    1.1   Purchase and Sale of the
Purchased Assets.  On and subject to the terms and conditions
of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to
sell to Buyer, all of the Purchased Assets for the Purchase Price.  On
the Closing Date, the Purchased Assets shall be sold, transferred and conveyed
to Buyer free and clear of all Encumbrances, except as provided herein, and
Buyer will purchase, acquire and accept for the Purchase Price, the Purchased
Assets and will assume the Assumed Liabilities.  The purchased assets
shall be defined as the assets set forth on Schedule 1.1 attached
hereto (collectively, the “Purchased
Assets”).

     

    1.2   1.2 Assumed
Liabilities.  For purposes of this Agreement, “Assumed Liabilities”
shall mean only the Liabilities of any kind whatsoever arising out of or
relating to the Purchased Assets or the operation of the Buyer’s business after
the Closing Date, including any infringement claims related to the Purchased
Assets asserted after the Closing Date.

     

    1.3   Purchase Price;
Payment.  As payment for the Purchased Assets, free and clear
of all Encumbrances, Buyer agrees to issue to Seller at the Closing, 5,530,388
shares of Common Stock (the “Common Stock”) of the
Buyer, free and clear of all Encumbrances (the “Purchase
Price”).

    
      
         

      

      
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    1.4   Tax
Treatment.

     

    (a)           Buyer
and Seller agree that the Purchase Price, liabilities of Seller, and other
relevant items shall be allocated among the Purchase Assets in accordance with
such Parties’ mutual agreement (the “Purchase Price
Allocation”).  Buyer and Seller hereby agree to report the
transactions contemplated herein for all income tax purposes (including, without
limitation, for purposes of reporting on any income tax returns filed by Buyer
or Seller) in a manner that is consistent with the Purchase Price Allocation and
none of the parties shall take any position (whether in audits, or Tax Returns
or otherwise) that is inconsistent with the Purchase Price Allocation unless
required to do so by law.

     

    ARTICLE
2

     

    CLOSING
DELIVERIES

     

    2.1   Closing.  The
closing of the purchase and sale of the Purchased Assets (the “Closing”) shall take
place at the offices of Fortis General Counsel, LLP, 120 Vantis, Suite 440,
Aliso Viejo, CA 92656, following the satisfaction or waiver of all conditions to
the obligations of the parties hereto to consummate the purchase and sale of the
Purchased Assets (other than conditions with respect to actions the respective
parties will take at the Closing itself, but subject to the fulfillment or
waiver of those conditions) or such later date as the parties may mutually
determine (the “Closing
Date”).

     

    2.2   Closing Deliveries by
Seller.  On the Closing Date, Seller shall deliver or cause to
be delivered to Buyer:

     

    (a)           A
duly executed Bill of Sale, Assignment and Assumption Agreement, in
substantially the form attached hereto as Exhibit A (the “Bill of Sale, Assignment and
Assumption Agreement”);

     

    (b)           Such
other certificates, opinions, documents or instruments as may reasonably be
requested by Buyer, consistent with the terms of and transactions contemplated
by this Agreement.

     

    2.3   Closing Deliveries by
Buyer.  Except as specified otherwise, concurrently with the
execution of this Agreement, Buyer shall deliver to Seller:

     

    (a)           Payment
of the Purchase Price;

     

    (b)           A
duly executed Bill of Sale, Assignment and Assumption Agreement;

     

    ARTICLE
3

     

    REPRESENTATIONS
AND WARRANTIES OF SELLER

     

    The
Seller represents and warrants to Buyer that the following statements contained
in this Article
3 are true, correct and complete as of the Closing Date (except as
expressly provided in a representation or warranty):

     

    3.1   Organization and Good
Standing.  Seller is a limited liability company duly
organized, validly existing, and in good standing under the laws of the State of
California.  Seller is duly authorized to conduct its business and is
in good standing under the laws of each such jurisdiction where such
qualification is required.  Seller has the requisite power and
authority necessary to own or lease its properties and to carry on its business
as presently conducted and in which it currently proposes to
engage.  There is no pending or threatened Action for the dissolution,
liquidation or insolvency of Seller.

    
      
         

      

      
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    3.2   Power and Authority;
Enforceability.  Seller has all requisite corporate power and authority to
enter into each of the Transaction Documents to which
Seller is a party and to consummate the transactions contemplated hereby or
thereby.  The execution and delivery of each of the Transaction
Documents by Seller and the consummation by Seller of the transactions
contemplated hereby or thereby have been duly authorized by all necessary action
on the part of Seller.  Each of the Transaction Documents has been, or
upon execution and delivery will be, duly executed and delivered and constitute,
or upon execution and delivery will constitute, the valid and binding
obligations of the Seller, enforceable against such Seller in accordance with
their terms, subject to applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and similar laws affecting creditors’
rights and remedies generally, and to general principles of equity (regardless
of whether enforcement is sought in a proceeding at law or in
equity).

     

    3.3   No Conflict; Required
Consents.  The execution and delivery of the Transaction
Documents by Seller does not, and the performance by Seller of the transactions
contemplated hereby or thereby will not, (a) violate, conflict with, or result
in any breach of any provision of its Organizational Documents, (b) violate,
conflict with, or result in a violation or breach of, or constitute a default
(with or without due notice or lapse of time or both) under, or permit the
termination of, or result in the acceleration of, or entitle any party to
accelerate any obligation of Seller, or result in the loss of any benefit, or
give rise to the creation of any lien, upon any property or asset of Seller
under any of the terms, conditions or provisions of any instrument or obligation
to which any property or asset of Seller may be bound or subject, or (c) violate
any Law applicable to Seller or by which or to which any property or asset of
Seller is bound or subject.  No consent, approval, waiver or
authorization is required to be obtained by Seller from any Person in connection
with the execution, delivery and performance by Seller of this Agreement (the
“Required Third Party
Consents”).

     

    3.4   Availability, Title to and
Condition of Purchased Assets.  All of the Purchased Assets
that consists of Personal Property, whether owned or leased, has been maintained
in accordance with normal industry practice.  Seller has good and
defensible title to all Personal Property that is part of the Purchased Assets
that it purports to own, free and clear of any Encumbrances.

     

    3.5   Title to
Assets.  Seller has good and valid title to, or in the case of
any leased property has a valid leasehold interest in, all of the Purchased
Assets, free and clear of all Encumbrances, except as provided
herein.

     

    3.6   No Brokers or
Finders.  No agent, broker, finder or investment or commercial
banker, or other Person or firm engaged by or acting on behalf of Seller in
connection with the negotiation, execution or performance of this Agreement or
the transactions contemplated by this Agreement, is or will be entitled to any
broker’s or finder’s or similar fees or other commissions as a result of this
Agreement or such transactions.

    
      
         

      

      
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    3.7   Restricted
Securities.  Seller understands and acknowledges that the
Common Stock must be held indefinitely unless they are subsequently registered
under the Securities Act or unless an exemption from such registration is
otherwise available.  Seller further acknowledges and understands that
Seller is under no obligation to register the Common Stock.  In
addition, Seller understands that the certificate evidencing the Common Stock
will be imprinted with a legend which prohibits the transfer of the Common Stock
unless they are registered or such registration is not required in the opinion
of counsel satisfactory to Buyer.

     

    3.8   Further Limitations on
Disposition.  Without in any way limiting Seller’s
representations set forth above, Seller further agrees that Seller shall in no
event make any disposition of all or any portion of the Common Stock unless and
until (A) there is then in effect a Registration Statement under the Act
covering such proposed disposition and such disposition is made in accordance
with said Registration Statement; or, (B)(1) Seller shall have notified Buyer of
the proposed disposition and shall have furnished Buyer with a detailed
statement of the circumstances surrounding the proposed disposition, (2) Seller
shall have furnished Buyer with an opinion of Seller’s counsel to the effect
that such disposition will not require registration of such shares under the
Act, and (3) such opinion of Seller’s counsel shall have been concurred in by
counsel for Buyer (and such concurrence shall not be unreasonably withheld) and
Buyer shall have advised Seller of such concurrence.

     

    ARTICLE
4

     

    REPRESENTATIONS
AND WARRANTIES OF BUYER

     

    Buyer
represents and warrants to Seller that the statements contained in this
Agreement are true, correct and complete as of the Closing Date (except as
expressly provided in a representation or warranty).

     

    4.1   Organization and Related
Matters.  Buyer is a corporation duly organized, validly
existing and in good standing under the Laws of the state of
Delaware.  Buyer has all necessary corporate power and authority to
carry on its business as now being conducted.

     

    4.2   Authority.  Buyer
has all requisite corporate power and authority to enter into each of the
Transaction Documents to which Buyer
is a party and to consummate the transactions contemplated hereby or
thereby.  The execution and delivery of each of the Transaction
Documents by Buyer and the consummation by Buyer of the transactions
contemplated hereby or thereby have been duly authorized by all necessary action
on the part of Buyer.  Each of the Transaction Documents has been, or
upon execution and delivery will be, duly executed and delivered and constitute,
or upon execution and delivery will constitute, the valid and binding
obligations of Buyer, enforceable against Buyer in accordance with their terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and similar laws affecting creditors’ rights and
remedies generally, and to general principles of equity (regardless of whether
enforcement is sought in a proceeding at law or in equity).

    
      
         

      

      
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    4.3   No
Conflicts.  The execution and delivery of the Transaction
Documents by Buyer does not and the performance by Buyer of the transactions
contemplated hereby or thereby will not (a) violate, conflict with, or result in
any breach of any provision of Buyer’s Organizational Documents, (b) violate,
conflict with, or result in a violation or breach of, or constitute a default
(with or without due notice or lapse of time or both) under, or permit the
termination of, or result in the acceleration of, or entitle any party to
accelerate any obligation of Buyer, or result in the loss of any benefit, or
give rise to the creation of any lien, upon any property or asset of Buyer under
any of the terms, conditions or provisions of any instrument or obligation to
which any property or asset of Buyer may be bound or subject, or (c) violate any
Law applicable to Buyer or by which or to which any property or asset of Buyer
is bound or subject.

     

    4.4   No Brokers or
Finders.   No agent, broker, finder or investment or
commercial banker, or other Person or firm engaged by or acting on behalf of
Buyer in connection with the negotiation, execution or performance of this
Agreement or the transactions contemplated by this Agreement, is or will be
entitled to any broker’s or finder’s or similar fees or other commissions as a
result of this Agreement or such transactions.

     

    4.5   Legal
Proceedings.  To the knowledge of Buyer, no Law has been
enacted, entered, issued, promulgated or enforced by any Governmental Entity
that prohibits or restricts the transactions contemplated by this
Agreement.  Buyer has received no written notice from any Governmental
Entity that consummation of the transactions contemplated by this Agreement
would constitute a violation of any Laws.

     

    ARTICLE
5

     

    COVENANTS

     

    5.1   Cooperation.  At
all times following the Closing Date, each party agrees (a) to furnish upon
request to each other party such further information, (b) to execute and
deliver to each other party such other documents, and (c) to do such other
acts and things, all as another party may reasonably request for the purpose of
carrying out the intent of this Agreement, the other Transaction Documents, and
the transactions contemplated by this Agreement and the other Transaction
Documents.

     

    5.2   Tax
Matters.

     

    (a)           Notwithstanding
anything herein to the contrary, Seller shall be liable for and shall pay any
transfer Taxes or other similar tax imposed in connection with the transfer of
the Purchased Assets pursuant to this Agreement.

     

    (b)           Seller
and Buyer shall cooperate, to the extent reasonably requested by the other
party, in connection with the preparation and filing of Tax Returns and any
audit, litigation, or other proceeding involving Taxes.  Cooperation
shall include the retention and, upon the other party’s request, the provision
of records and other information reasonably relevant to the preparation of a Tax
Return or the conduct of an audit, litigation, or other proceeding.

     

    5.3   Covenants Against
Disclosure.  Except as may be required by law, Seller and its
affiliates agree not to (i) disclose to any Person in any manner, directly or
indirectly, any confidential information or data ownership of which is
transferred to Buyer pursuant to this Agreement whether of a technical or
commercial nature, or (ii) use, or permit or assist, by acquiescence or
otherwise, any Person to use, in any manner, directly or indirectly, any such
information or data, except to the extent that Seller has retained rights
therein as provided herein and excepting disclosure of such data or information
as is at the time generally known to the public and which did not become
generally known through any breach of any provision of this Section 5.3 hereof by
Seller.

    
      
         

      

      
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    ARTICLE
6

     

    CLOSING
CONDITIONS

     

    6.1   Conditions Precedent to
Obligations of Buyer.  Buyer’s obligation to consummate the
purchase of the Purchased Assets and the other transactions contemplated to
occur in connection with the Closing is subject to the satisfaction of each
condition precedent listed in this Section 6.1, or the
waiver of such condition by Buyer, in its sole and absolute
discretion.

     

    (a)           Accuracy of Representations
and Warranties.  The representations and warranties of Seller
set forth in Article 3, or in
any written certificate delivered to Buyer by Seller pursuant to this Agreement,
shall have been true and correct on and as of the Closing Date (except to the
extent such representation or warranty specifies an earlier date).

     

    (b)           Compliance with
Obligations.  Seller shall have performed all obligations and
covenants required to be performed by Seller under this Agreement prior to the
Closing Date.

     

    (c)           Deliverables.  Seller
shall have delivered all of Seller’s deliverables set forth in Section 2.2
hereof.

     

    6.2   Conditions Precedent to
Obligations of Seller.  Seller’s obligation to consummate the
sale of the Purchased Assets and the other transactions contemplated to occur in
connection with the Closing is subject to the satisfaction of each condition
precedent listed below, or the waiver of such condition by Seller, in Seller’s
sole and absolute discretion.

     

    (a)           Accuracy of Representations
and Warranties.  The representations and warranties of Buyer
set forth in Article
4, or in any written certificate delivered to Seller by Buyer pursuant to
this Agreement, shall have been true and correct on and as of the Closing Date
(except to the extent such representation or warranty specifies an earlier
date).

     

    (b)           Compliance with
Obligations.  Buyer shall have performed all obligations and
covenants required to be performed by Buyer under this Agreement prior to the
Closing Date.

     

    (c)           Deliverables.  Buyer
must have delivered all of Buyer’s deliverables set forth in Section 2.3
hereof.

    
      
         

      

      
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    ARTICLE
7

     

    INDEMNIFICATION

     

    7.1   Survival of Representations
and Warranties.  Each representation and warranty of Seller
contained in Article 3 and any certificate related to such representations and
warranties will survive the date hereof and continue in full force and effect
for two (2) years thereafter.

     

    7.2   Indemnification
by Seller.  Seller will indemnify and hold harmless Buyer and its
respective representatives, members, managers, controlling persons, affiliates,
successors and assigns (collectively, the “Indemnified Buyer
Parties”) for, and will pay to the Indemnified Buyer Parties the Losses
arising directly or indirectly from or in connection with the
following:

     

    (a)           any
and all Losses caused by, resulting or arising from or otherwise relating to any
failure by Seller to perform or otherwise fulfill or comply with any agreement
or obligation to be performed, fulfilled or complied with by Seller hereunder or
under any other document executed and delivered in connection with this
Agreement;

     

    (b)           any
and all Losses caused by, resulting or arising from or otherwise relating to any
breach of any representation or warranty of Seller contained in this Agreement
and any other document executed and delivered in connection with this
Agreement;

     

    (c)           all
Losses caused by, resulting or arising from or otherwise relating to any of the
Excluded Liabilities or the period prior to the Closing Date; and

     

    (d)           all
Losses resulting from any and all actions, suits, proceedings, claims and
demands, including reasonable attorneys’ fees in connection with any of the
foregoing or such indemnification.

     

    7.3   Limitations on
Indemnification Liability.  Any claims any Indemnified Buyer
Party makes under this Article 7 will be limited as follows:

     

    (a)           Reduction
for Insurance Claims.  The amount of Losses required to be paid for
Losses will be reduced to the extent of any amounts an Indemnified Buyer Party
actually receives pursuant to the terms of the insurance policies (if any)
covering such indemnification claim.

     

    (b)           Limitations
on Seller’s Liability.  The Seller’s aggregate Liability for money
Losses under this Agreement related to Breaches of the representations,
warranties, and covenants herein will not exceed an amount equal to the fair
market value of the Common Stock received as the Purchase Price; provided that
the limitation contemplated hereby will not be applicable with respect to
instances of fraud or willful breach by Seller.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    7.4   Remedies
Cumulative.  Except as herein expressly provided, the remedies
provided herein shall be cumulative and shall not preclude assertion by any
party hereto of any other rights or the seeking of any other remedies against
any other party hereto.

     

    ARTICLE
8

     

    RESTRICTIVE
LEGENDS AND STOP-TRANSFER ORDERS

     

    8.1   Legends.  The
share certificate evidencing the Common Stock issued hereunder shall be endorsed
with the following legend (in addition to any legends required under applicable
state securities laws):

     

    “THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT
WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
THEREOF.  NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933.”

     

    8.2   Stop-Transfer
Notices.  Seller agrees that, in order to ensure compliance
with the restrictions referred to herein, Buyer may issue appropriate “stop
transfer” instructions to its transfer agent, if any, and that, if Buyer
transfers its own securities, it may make appropriate notations to the same
effect in its own records.

     

    8.3   Refusal to
Transfer.  Buyer shall not be required (i) to transfer on its
books any shares of Common Stock that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner
of such Common Stock or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Common Stock shall have been so
transferred.

     

    ARTICLE
9

     

    GENERAL

     

    9.1   Amendments;
Waivers.  This Agreement and any schedule or exhibit attached
hereto may be amended only by agreement in writing of all parties.  No
waiver of any provision nor consent to any exception to the terms of this
Agreement or any agreement contemplated hereby shall be effective unless in
writing and signed by the party to be bound and then only to the specific
purpose, extent and instance so provided.

     

    9.2   Schedules; Exhibits;
Integration.  Each schedule and exhibit delivered pursuant to
the terms of this Agreement shall be in writing and shall constitute a part of
this Agreement.  This Agreement, together with such schedules and
exhibits, constitutes the entire agreement among the parties pertaining to the
subject matter hereof and supersedes all prior agreements and understandings of
the parties in connection therewith.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    9.3   Interpretation.  For
all purposes of this Agreement, except as otherwise indicated,

     

    (a)           the
terms defined herein have the meanings assigned to them in this Agreement and
include the plural as well as the singular,

     

    (b)           all
accounting terms not otherwise defined herein have the meanings assigned under
GAAP,

     

    (c)           pronouns
of either gender or neuter shall include, as appropriate, the other pronoun
forms,

     

    (d)           the
words “include” and “including” shall be without limitation and shall be
construed to mean “include, but not be limited to” or “including, without
limitation”,

     

    (e)           references
to exhibits, schedules, Articles, Sections and paragraphs shall be references to
the exhibits, schedules, Articles, Sections and paragraphs of this Agreement,
and

     

    (f)           the
words “herein,” “hereof” and “hereunder” and other words of similar import refer
to this Agreement as a whole and not to any particular Article, Section or other
subdivision.

     

    9.4   Arbitration; Service of
Process.

     

    (a)           Arbitration. Any
dispute or claim hereunder between the named Parties shall be resolved by
binding arbitration before the American Arbitration Association in San Diego,
California under the laws of the State of California. This shall be the
exclusive remedy between the Parties, and both parties hereby give up any rights
to trial by jury, court, appeal, or any other judicial mechanism for resolving
disputes.

     

    (b)           Service of
Process.  Any Party may make service on any other Party by
sending or delivering a copy of the process to the Party to be served at the
address and in the manner provided for the giving of notices in Section
9.9.  Nothing in this Section 9.4(b) will
affect any Party’s right to serve legal process in any other manner permitted at
Law or in equity.

     

    9.5   Assignment.  Neither
this Agreement (nor any other Transaction Document) nor any rights or
obligations under any of them are assignable by Seller without the prior written
consent of the Buyer.

     

    9.6   Headings.  The
descriptive headings of the articles, sections and subsections of this Agreement
are for convenience only and do not constitute a part of this
Agreement.

     

    9.7   Counterparts.  This
Agreement may be executed in any number of counterparts, any of which may be
executed and transmitted by facsimile, and each of which shall be deemed an
original of this Agreement, and all of which, when taken together, shall be
deemed to constitute one and the same Agreement.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    9.8   Parties in
Interest.  This Agreement shall be binding upon and inure to
the benefit of each party, and nothing in this Agreement, express or implied, is
intended to confer upon any other Person any rights or remedies of any nature
whatsoever under or by reason of this Agreement.  Nothing in this
Agreement is intended to relieve or discharge the obligation of any third Person
to any party to this Agreement.

     

    9.9   Notices.  Any
notice or other communication hereunder must be given in writing and either
(a) delivered in Person, (b) transmitted by telefax or
telecommunications mechanism provided, that
receipt is confirmed and any notice so given is also mailed as provided in the
following clause (c), or (c) mailed by certified or registered mail,
postage prepaid, return receipt requested as follows:

     

    If
to Buyer, addressed to:

     

    Innovative
Wireless Technologies, Inc.

    Address:
306 N. West El Norte Pkwy

    Escondido,
CA 92026

    Email:  HYPERLINK
"mailto:palpatov@mail.ru"  palpatov@mail.ru

    Fax:

     

    If
to Seller, addressed to:

     

    MechTech,
LLC

    Address:
P.O. Box 7103

    Rancho
Santa Fe, CA 92067

    Email:  HYPERLINK
"mailto:mechling@gmail.com" 

    mechling@gmail.com

    Fax:
(858) 777-3426

     

    or to
such other address or to such other Person as either party shall have last
designated by such notice to the other party.  Each such notice or
other communication shall be effective (i) when delivered in Person,
(ii) if given by telecommunication, when transmitted to the applicable
number so specified in (or pursuant to) this Section 9.9 and
an appropriate confirmation is received, and (iii) if given by mail, three
(3) Business Days after delivery or the first attempted delivery.

     

    9.10  Expenses.  Except
as otherwise set forth in this Agreement, each of Seller and Buyer shall pay its
own expenses incident to the negotiation, preparation and performance of this
Agreement and the transactions contemplated hereby, including but not limited to
the fees, expenses and disbursements of its accountants and counsel and of
securing third party consents and approvals required to be obtained by
it.

     

    9.11  Waiver.  No
failure on the part of any party to exercise or delay in exercising any right
hereunder shall be deemed a waiver thereof, nor shall any single or partial
exercise preclude any further or other exercise of such or any other
right.

     

    9.12  Representation By Counsel;
Interpretation.  Seller and Buyer each acknowledge that each
party to this Agreement has been represented by counsel in connection with this
Agreement and the transactions contemplated by this
Agreement.  Accordingly, any rule of Law or any legal decision that
would require interpretation of any claimed ambiguities in this Agreement
against the party that drafted it has no application and is expressly
waived.  The provisions of this Agreement shall be interpreted in a
reasonable manner to effect the intent of Buyer and Seller.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    9.13  Severability.  If
any provision of this Agreement is determined to be invalid, illegal or
unenforceable by any Governmental Entity, the remaining provisions of this
Agreement shall remain in full force and effect; provided that the essential
terms and conditions of this Agreement for all parties remain valid, binding and
enforceable.  In the event of any such determination, the parties
agree to negotiate in good faith to modify this Agreement to fulfill as closely
as possible the original intents and purposes hereof.  To the extent
permitted by Law, the parties hereby to the same extent waive any provision of
Law that renders any provision hereof prohibited or unenforceable in any
respect.

     

    9.14  Recitals.  The
recitals are fully incorporated into this Agreement by reference.

     

    9.15  Governing
Law.  This Agreement shall be governed by and construed in
accordance with the internal laws of the State of California, without regard to
the conflicts of laws provisions of the State of California or any other
state.

     

    [Remainder
of page left intentionally blank]

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the date
first written above.

     

    
      
        
          
            	
                    BUYER

                  
	 
      
	
                    INNOVATIVE
      WIRELESS TECHNOLOGIES, INC.

                  
	
                    a
      Delaware corporation

                  
	 
      
	
                    /s/ Pavel
      Alpatov

                  
	
                    PAVEL
      ALPATOV

                  
	
                    Chief
      Executive Officer

                  
	 
      
	
                    SELLER

                  
	 
      
	
                    MECHTECH,
      LLC

                  
	
                    a
      California limited liability company

                  
	 
      
	
                    /s/ Nicholas Mechling

                  
	
                    NICHOLAS
      MECHLING

                  
	
                    Chief
      Executive Officer

                  
	 
      
	
                    /s/ Chris Mechling

                  
	
                    CHRIS
      MECHLING

                  
	
                    Chief
      Operating
Officer

                  

          

        

      

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    BILL OF SALE, ASSIGNMENT AND
ASSUMPTION AGREEMENT

     

    THIS BILL
OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Bill of Sale”) is
entered into on this 6th day of August, 2010 by and between Innovative Wireless
Technologies, Inc., a Delaware corporation (formerly known as Bayrock Ventures,
Inc.) (“Buyer”), and
MechTech, LLC, a California limited liability company (“Seller”).

     

    RECITALS

     

    WHEREAS, Simultaneously with
the execution of this Agreement, the Buyer and the Seller are entering into an
Asset Purchase Agreement (the “Purchase Agreement”)
pursuant to which the Seller has agreed to sell to the Buyer, and the Buyer has
agreed to purchase from the Seller, the Purchased Assets (capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to such terms
in the Purchase Agreement);

     

    WHEREAS, pursuant to the
Purchase Agreement, the Buyer has agreed to assume the Assumed Liabilities;
and

     

    WHEREAS, the Seller desires to
transfer and assign to the Buyer all of the Seller’s right, title, privilege and
interest in and to the Purchased Assets and the Assumed Liabilities, and the
Buyer desires to accept the sale, transfer, conveyance, assignment and delivery
of the Purchased Assets and the Assumed Liabilities.

     

    NOW, THEREFORE, in
consideration of and incorporating the foregoing premises, and good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

     

    
      	
              1.

            	
              Conveyance of the
      Purchased Assets.

            

    

     

    (a)           Pursuant
to the terms of the Purchase Agreement, the Seller does hereby irrevocably
grant, sell, transfer, convey, assign and deliver to the Buyer, all of the
Seller’s right, title, privilege and interest in and to the Purchased Assets, to
have and to hold the same unto the Buyer, its successors and assigns,
forever.

     

    (b)           The
Buyer hereby accepts the grant, sale, transfer, conveyance, assignment and
delivery of the Purchased Assets.

     

    2.           Assumption of Assumed
Liabilities.  Pursuant to the terms of the Purchase Agreement,
the Buyer hereby undertakes and agrees from and after the date hereof to assume
and to pay, perform and discharge in accordance with their respective terms, the
Assumed Liabilities.

     

    
      	
              3.

            	
              Miscellaneous.

            

    

     

    (a)           This
Bill of Sale may be executed in two or more counterparts, all of which shall be
considered one and the same instrument and shall become effective when one or
more counterparts have been signed by each of the parties and delivered to the
other party.  This Bill of Sale may be executed by facsimile signature
and a facsimile signature shall constitute an original for all
purposes.

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    (b)           This
Bill of Sale will be deemed to be a
contract made under the laws of the State of California, and for all purposes
will be governed by and interpreted in accordance with the laws prevailing in
the State of California, without regard to the conflicts of laws provisions of
the State of California or any other state.

     

    (c)           Whenever
possible, each provision or portion of any provision of this Bill of Sale shall
be interpreted in such manner as to be effective and valid under applicable Law,
but if any provision or portion of any provision of this Bill of Sale is held to
be invalid, illegal or unenforceable in any respect under any applicable Law or
rule in any jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other provision or portion of any provision in such jurisdiction,
and this Bill of Sale shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision or portion
of any provision had never been contained herein.

     

    (d)           Notwithstanding
any other provisions of this Bill of Sale to the contrary, nothing contained in
this Bill of Sale shall in any way supersede, modify, replace, amend, change,
rescind, waive, exceed, expand, enlarge or in any way affect the provisions,
including the covenants, agreements, conditions, representations or warranties
or, in general any of the rights and remedies, or any of the obligations and
indemnifications, of the parties set forth in the Purchase Agreement. This Bill
of Sale is intended only to affect the assignment and assumption of certain
assets and liabilities in accordance with the Purchase Agreement and shall be
governed entirely in accordance with the terms and conditions of the Purchase
Agreement.  In the event of a conflict or inconsistency between the
terms of the Purchase Agreement and the terms hereof, the terms of the Purchase
Agreement shall govern.

     

    [Signature
Page Follows]

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    IN WITNESS
WHEREOF, the parties hereto have caused this Bill of Sale, Assignment
and Assumption Agreement to be executed by their duly authorized officers as of
the date first written above.

     

    
      
        	
                BUYER

              
	 
      
	
                INNOVATIVE
      WIRELESS TECHNOLOGIES, INC.

              
	
                a
      Delaware corporation

              
	 
      
	
                /s/ Pavel
      Alpatov

              
	
                PAVEL
      ALPATOV

              
	
                Chief
      Executive Officer

              
	 
      
	
                SELLER

              
	 
      
	
                MECHTECH,
      LLC

              
	
                a
      California limited liability company

              
	 
      
	
                /s/ Nicholas Mechling

              
	
                NICHOLAS
      MECHLING

              
	
                Chief
      Executive Officer

              
	 
      
	
                /s/ Chris Mechling

              
	
                CHRIS
      MECHLING

              
	
                Chief
      Operating Officer

              

      

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    Schedule
1.1

    

    Purchased
Assets

    

    1.           [***************************************************]1

     

    2.           [***************************************************]

     

    3.           [***************************************************]

     

    4.           [***************************************************]

     

    5.           [***************************************************]

     

    6.           [***************************************************]

     

    7.           [***************************************************]

     

    8.           [***************************************************]

    

      
        

      

    

    
      1
Confidential Treatment has been requested with respect to the information
contained in the [***] marking.  Such portions have been omitted from
the filing and have been filed separately with the Securities and Exchange
Commisison.

    

    
      
         

      

      
        21

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