Document:

Exhibit 10.1

   
 EXHIBIT 10.1
 THIS INTERIM SALE AND PURCHASE AGREEMENT (the “Agreement”) is made effective the 10th day of January, 2018 (the “Effective Date”), by and among Infinite Conferencing, Inc. (“Infinite”) and Entertainment Digital Network, Inc. (“EDNet”, and collectively with Infinite, the “Seller”), and Infinite Conferencing Partners, LLC (“Buyer”).
 In consideration of $610,000 received to date from Buyer, Seller and Buyer are hereby entering into this Agreement, which is meant as a good faith statement of intent but not as a completely binding document, in that subsequent changes may be made to the terms upon the consent of all parties. It is understood that Buyer will remit an additional $390,000 to Seller, for total payments of $1.0 million. The $1.0 million is being paid for Buyer’s purchase from Seller of a sufficient number of Infinite and EDNet client accounts so that, when combined with accounts previously sold by Seller to Buyer, expected revenues will be approximately $725,000 per month, or approximately $8.7 million per year. Upon completion of this sale, and combined with previous sales of client accounts by Seller to Buyer, the Buyer will have paid $7.0 million to Seller.  
 In addition to the above, Buyer agrees that it will provide, or cause to be provided, an additional investment of $200,000 to reimburse Seller for funds Seller expended to purchase on a temporary basis a membership interest in Buyer from the original purchaser of that membership interest.
 As soon as practicable, and once the full $1.0 million purchase price has been paid, and the additional $200,000 is provided, Buyer and Seller agree that the final terms of the sale and purchase, and related transactions, will be agreed upon and formal documentation and agreements executed.   
  
 Subject to receiving the consent of the Majority Members (as defined in the Operating Agreement), Buyer agrees to make certain amendments to the Buyer’s Amended and Restated Operating Agreement (the “Operating Agreement”) and the Option Agreement referred in Section 1.8 of the Operating Agreement, as follows:
  
             The intended amendments to the Operating Agreement are as follows:
  
 1.                Section 1.8 of the Option Agreement will be amended to change the effective date of the Option Agreement to December 18, 2017.
  
 2.                The definition of “Preferred Return” will be amended to reduce the thirty percent (30%) per annum to twenty percent (20%), effective January 1, 2018.  
  
 The intended amendments to the Amended and Restated Option Agreement are as follows:
  
 1.                In Section 2(b) the deadline for the exercise of the option will be extended until December 31, 2018.
  
 2.                Section 2(e) will be amended to reduce the Preferred Return to twenty percent (20%) per annum in accordance with the change to the Operating Agreement. Holders of a membership interest in Buyer (“Owners”) will continue to accrue the 1.25% quarterly repurchase option premium (maximum 5% per annum).  
  
  
  
 
 
  
  
 3.                Section 3 will be revised to provide for an additional payment to existing Owners who vote for these amendments and continue to hold their membership interests, as well as new Owners.  These Owners will be entitled to receive an additional five percent (5%) of the Owner’s capital contribution at the time of a future repurchase of their membership interest.
  
 In addition, the end of the term of the Amended and Restated Management Services Agreement will be extended from December 18, 2017 through December 31, 2018 and the Mandatory Distribution calculation contained therein will reflect the new Preferred Return of twenty percent (20%) per annum. It is also agreed that, since there have been no shortfalls requiring reimbursement under the Amended and Restated Make Whole Agreement, such Amended and Restated Make Whole Agreement will terminate on December 18, 2017 and will not be extended.
  
 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date and year first above written.
  
  
  
 	 	 	 “SELLER”

	 	 	 INFINITE CONFERENCING, INC. 

	 	 	
	 	 By:
	 /s/ Randy S. Selman

	 	 Name:
	 Randy S. Selman

	 	 Title:
	 Chief Executive Officer

	 	 	
	 	 	
	 	 	 “SELLER”

	 	 	 ENTERTAINMENT DIGITAL NETWORK, INC. 

	 	 	
	 	 By:
	 /s/ Randy S. Selman

	 	 Name:
	 Randy S. Selman

	 	 Title:
	 Chief Executive Officer

	 	 	
	 	 	
	 	 	 “BUYER”

	 	 	 INFINITE CONFERENCING PARTNERS, LLC

	 	 	
	 	 By:
	 /s/ Jeffrey Miller   

	 	 Name:
	 Jeffrey Miller

	 	 Title:
	 Managing PartnerStrategic
Alliance Agreement

 

This
agreement is made and entered into this 10th day of January, 2018 by and between Bravatek Solutions, Inc., a corporation organized
under the laws of the State of Colorado, (“Bravatek”), with an address at 2028 E. Ben White Blvd., Unit #240-2835,
Austin, Texas 78741 and Fazync LLC, a limited liability company organized under the laws of the State of Colorado with an address
at 2376 Gold River Drive, Rancho Cordova, CA 95670 (“Fazync”). Fazync is a wholly owned subsidiary of publicly traded
company Intelligent Highway Solutions, Inc., (“IHSI”), a Nevada corporation.

 

Whereas,
Bravatek is a corporation, which has technical expertise in security-related software, tools and systems/services (including telecom
services) to support, deploy and test its current and potential customers’ most critical initiatives.

 

Whereas,
Fazync is a company engaged in the business of providing energy-saving solutions and capabilities to the Critical Infrastructure/Key
Resources arena.

 

Whereas,
the parties desire to enter into a business relationship which will designate Bravatek as the project based business partnership
channel for governmental and non-governmental departments / agencies / units for the purpose of promoting Fazync relevant capabilities,
products and/or service solutions. Now therefore, the parties mutually agree to enter into a strategic alliance under the following
terms and conditions:

 

1)
Duties of Bravatek

 

Bravatek
agrees to serve as a non-exclusive project sales lead finder for Fazync. In this capacity, Bravatek will use its best efforts
to provide the following services to Fazync

 

	 	a.	Promote,
    market and introduce the Products to prospective clients in the government space nationwide.
	 	 	 
	 	b.	Provide
    a quarterly Pipeline or project information leads report to Fazync a monthly basis which contains a 3-month rolling forecast
    of potential sales.
	 	 	 
	 	c.	Follow-up
    on on-going project leads that Fazync actively engaged with or believes is appropriate.
	 	 	 
	 	d.	Provide
    Fazync with any promotional materials, technical papers, white papers, proposals, etc. prior to publication or delivery to
    prospective clients.

 

    	 

     

    

 

2)
Duties of Fazync

 

Fazync
agrees to use its best efforts to promote and support project lead finding and after-sales support of Bravatek by:

 

	 	a.	Listing
    Bravatek in all appropriate sales and marketing materials as a non-exclusive alliance partner (with focus of government customers)
	 	 	 
	 	b.	Provide
    timely responses to both technical and administrative questions posed by Bravatek.
	 	 	 
	 	c.	Promote
    Bravatek’s product and service offerings whenever possible.
	 	 	 
	 	d.	Aid
    Bravatek in the writing of any technical/marketing/sales documents when requested and participate in mutually-agreed upon
    sales calls.
	 	 	 
	 	e.	Provide
    Bravatek with co-branded marketing material that can be emailed or handed to prospective clients.

 

3)
Obligations of the Parties

 

Bravatek
and Fazync agree to jointly:

 

	 	a.	Develop
    and implement a joint Product Solution and Application Strategy whereby targeted markets/potential client-types/applications
    are mutually agreed upon;
	 	 	 
	 	b.	Support
    each other in all agreed-upon technical, marketing and promotional efforts;
	 	 	 
	 	c.	Develop
    a joint strategy for developing new product/services/capabilities to mutually benefit both parties;
	 	 	 
	 	d.	Utilize
    each other as Preferred Vendors for services whenever possible upon mutual agreement.

 

4)
Compensation

 

When
custom Products are designed, developed and to be delivered to Bravatek-identified perspective clients, the parties shall agree
to a proposed sales price for use during the project in writing prior to the commencement of each project.

 

    	 

     

    

 

For
any Product or Solution sold to any perspective clients introduced by Bravatek registered with Fazync via email to IHSI’s
CEO, Devon Jones, and delivered through Bravatek or a Fazync -designated distribution affiliate(s) or sales channel(s), Bravatek
will receive a lead-finder fee, to be mutually discussed and finally decided by Fazync at the range of minimum of 10% to maximum
of 20% of project revenue, with an exact fee to be depending upon the overall project sales margin and cost of development and
delivery of each project, payable NET 30 days after each client payment on delivered products received at Fazync bank account.

 

5)
Confidentiality

 

“Confidential
information” shall mean any and all technical and non-technical information, documents and materials related to client projects
of party and products, services and business of each of the parties. Fazync and Bravatek agree to maintain in strict confidence
and not to disclose or disseminate, or to use for any purposes other than performance of the projects, the Confidential Information
disclosed.

 

The
obligation of non-disclosure shall not apply to the following:

 

	 	a.	Information
    at or after such time that is publicly available through no fault of either party
	 	 	 
	 	b.	Information
    at or after such time that is disclosed to either party by a third party entitled to disclose such information
	 	 	 
	 	c.	Information
    which is required by law to be disclosed to federal, state or local authorities.

 

6)
Term of Confidentiality

 

For
a period of five (5) years after termination of this Agreement, the parties shall treat as confidential all information and take
every reasonable precaution and use all reasonable efforts to prevent the unauthorized disclosure of the same. The parties agree
to take all steps reasonably necessary and appropriate to ensure that their employees, agents, and/or assistants treat all information
as confidential and to ensure that such employees, agents, and/or assistants are familiar with and abide by the terms of this
Agreement.

 

7)
Term

 

The
term of this Agreement is twelve (12) months from the date hereof, and will be automatically renewed for one (1) additional twelve
month period unless either party shall notify the other in writing of its intention not to renew. Such notice must be given ninety
(90) days prior to expiration of the original term. This Agreement may also be terminated by either party upon ninety (90) days
written notice.

 

    	 

     

    

 

8)
Notices

 

Any
notices required under this Agreement shall be delivered to:

 

Bravatek
Technologies, Inc.

2028
E. Ben White Blvd.

Unit
#240-2835

Austin,
Texas 78741

 

Fazync,
Inc.

2376
Gold River dr.

Ranch Cordova, CA 95670

 

9)
Governing Law

 

This
Agreement is entered into in the State of Texas and shall be interpreted according to the laws of the State of Texas.

 

10)
Indemnification

 

Fazync
shall indemnify Bravatek, its directors, officers and employees, for any and all damages, costs, expenses, and other liabilities,
including reasonable attorney’s fees and court costs incurred in connection with any third-party claim, action or proceeding
arising from the negligence or intentional misconduct of Fazync or breach of Fazync of any of its obligations under this Agreement.

 

Bravatek
shall indemnify Fazync, its directors, officers and employees, for any and all damages, costs, expenses, and other liabilities,
including reasonable attorney’s fees and court costs, incurred in connection with any third-party claim, action or proceeding
arising from the negligence or intentional misconduct of Bravatek or breach of Bravatek of any of its obligations under this Agreement.

 

11)
Modifications

 

No
changes or modifications of this Agreement or any of its terms shall be deemed effective unless in writing and executed by the
parties hereto.

 

12)
Assignment

 

This
Agreement shall not be assignable by either party without the prior written consent of the other party.

 

13)
Entire Agreement

 

This
Agreement represents the complete and entire understanding between the parties regarding the subject matter hereof and supersedes
all prior negotiations, representations, or agreements, either written or oral, regarding this subject matter.

 

    	 

     

    

 

This
Agreement shall not be considered accepted, approved or otherwise effective until signed by the appropriate parties.

 

	Bravatek
    Technologies, Inc. 	Fazync
    LLC
	 	 	 	 	 
	By:
    	 	 	By:	 
	 	 	 	 	 
	Name:	Thomas
    A. Cellucci	 	Name:	Devon
    Jones
	 	 	 	 	 
	Title:
    	CEO	 	Title:	Manager
	 	 	 	 	 
	Date:
    	January
    10, 2018	 	Date:	January
    10, 2018

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