Document:

CANCELLATION
AGREEMENT

 

CANCELLATION
AGREEMENT, dated January 17, 2012 (this “Agreement”), by and between, Dynastar Holdings, Inc., a Nevada
corporation (the “Company”), and Dynastar Ventures, Inc., a Delaware corporation (the “Cancelling
Party”).

 

BACKGROUND

 

Concurrently
herewith, the Company is entering into an Agreement and Plan of Merger with Dynastar Acquisition Corp., a Delaware corporation
and its wholly owned subsidiary (“Acquisition Subsidiary”), and the Cancelling Party which contemplates a merger of
the Acquisition Subsidiary with and into the Cancelling Party, with the Cancelling Party remaining as the surviving entity after
the merger (the “Merger”), whereby the stockholders of the Cancelling Party will receive common stock of the Company
in exchange for their capital stock of the Cancelling Party. 

 

It
is a condition to the consummation of the Merger that the Cancelling Party enter into this Agreement, which will effectuate the
cancellation of 271,400,076 shares of the common stock, par value $.001 per share, of the Company held by the Cancelling Party
(the “Subject Shares”). The Cancelling Party is entering into this Agreement to, among other things,
induce the stockholders of the Cancelling Party to consent to the Merger. 

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

1.      Cancellation
of Subject Shares. The Cancelling Party has delivered to the Company for cancellation stock certificates representing the
Subject Shares along with duly executed medallion guaranteed stock powers covering the Subject Shares (or such other documents
acceptable to the Company’s transfer agent) and hereby irrevocably instructs the Company and the Company’s transfer
agent to cancel the Subject Shares such that the Subject Shares will no longer be outstanding on the stock ledger of the Company
and such that the Cancelling Party shall no longer have any interest in the Subject Shares whatsoever. The Company shall immediately
deliver to the Company’s transfer agent irrevocable instructions providing for the cancellation of the Subject Shares.

  

2.      Representations
by the Cancelling Party.

 

(a)       The
Cancelling Party owns the Subject Shares, of record and beneficially, free and clear of all liens, claims, charges, security interests,
and encumbrances of any kind whatsoever. The Cancelling Party has sole control over the Subject Shares or sole discretionary authority
over any account in which they are held. Except for this Agreement, no person has any option or right to purchase or otherwise
acquire the Subject Shares, whether by contract of sale or otherwise, nor is there a “short position” as to the Subject
Shares.

 

(b)       The
Cancelling Party has full right, power and authority to execute, deliver and perform this Agreement and to carry out the transactions
contemplated hereby. This Agreement has been duly and validly executed and delivered by the Cancelling Party and constitutes a
valid, binding obligation of the Cancelling Party, enforceable against it in accordance with its terms (except as such enforceability
may be limited by laws affecting creditor's rights generally).

  

    	 

    	 

    

 

3.       Further
Assurances. Each party to this Agreement will use his or its best efforts to take all action and to do all things necessary,
proper, or advisable in order to consummate and make effective the transactions contemplated by this Agreement (including the
execution and delivery of such other documents and agreements as may be necessary to effectuate the cancellation of the Subject
Shares).

  

4.       Amendment
and Waiver. Any term, covenant, agreement or condition of this Agreement may be amended, with the written consent of the Company
and the Cancelling Party, or compliance therewith may be waived (either generally or in a particular instance and either retroactively
or prospectively), by one or more substantially concurrent written instruments signed by the Company and the Cancelling Party.

  

5.       Survival
of Agreements, Representations and Warranties, etc. All representations and warranties contained herein shall survive the
execution and delivery of this Agreement.

  

6.       Successors
and Assigns. This Agreement shall bind and inure to the benefit of and be enforceable by the Company and the Cancelling Party,
and their respective successors and assigns.

  

7.       Governing
Law. This Agreement (including the validity thereof and the rights and obligations of the parties hereunder and thereunder)
and all amendments and supplements hereof and thereof and all waivers and consents hereunder and thereunder shall be construed
in accordance with and governed by the internal laws of the State of New York without regard to its conflict of laws rules, except
to the extent the laws of Nevada are mandatorily applicable.

  

8.       Miscellaneous.
This Agreement embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements
and understandings relating to the subject matter hereof. In case any provision of this Agreement shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. This Agreement may be executed in any number of counterparts and by the parties hereto on separate counterparts but all
such counterparts shall together constitute but one and the same instrument. This Agreement may be reproduced by any electronic,
photographic, photostatic, magnetic, microfilm, microfiche, microcard, miniature photographic, facsimile or other similar process
and the original thereof may be destroyed. The parties agree that any such reproduction shall, to the extent permitted by law,
be as admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original
is in existence and whether or not the reproduction was made in the regular course of business) and that any enlargement, facsimile
or further reproduction shall likewise be admissible in evidence. Facsimile execution and delivery of this Agreement is legal,
valid and binding execution and delivery for all purposes.

  

[Signature
Page Follows]

  

    	2

    	 

    

   

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

 

	 	DYNASTAR HOLDINGS, INC.	 
	 	 	 
	 	By:	/s/ Kenneth Spiegeland	 
	 	Name: Kenneth Spiegeland	 
	 	Title: Chief Executive Officer	 
	 	 	 
	 	DYNASTAR VENTURES, INC.	 
	 	 	 
	 	By:	/s/ John S. Henderson IV	 
	 	Name: John S. Henderson IV	 
	 	Title: Chief Executive Officer	 

   

[Signature
Page to Cancellation Agreement]CONSULTING
SERVICES AGREEMENT

 

This
Consulting Services Agreement ("Agreement"), dated effective as of January 17, 2012, is made by and between Navesink
Capital Advisors, LLC, a Delaware limited liability company (“NCA”), whose address is 1200 Federal Highway, Suite
200, Boca Raton, FL 33432 and, Dynastar Holdings, Inc., a Nevada corporation (the “Company”), having its principal
place of business at 1311 Herr Lane, Suite 205, Louisville, KY 40222.

 

WHEREAS,
the Company desires assistance in the business development and corporate finance areas; and

 

WHEREAS,
NCA has agreed that NCA or its affiliates and/or assigns (collectively, “Consultant”) shall perform consulting work
for the Company in providing business development and corporate finance advice as well as consulting services and other related
activities as directed by the Company;

 

NOW,
THEREFORE, in consideration for those services Consultant provides to the Company, the Company and Consultant (collectively,
the “Parties”) agree as follows:

 

1.       Services
of Consultant.

 

Consultant
shall perform for the Company certain professional consulting services relating to business development and corporate finance. Consultant
is not a broker-dealer and none of the services required to be provided by Consultant under this Agreement shall require that
it be a broker-dealer. The services to be provided by Consultant will not be in connection with the offer or sale of any securities
in any capital-raising transaction, and will not directly or indirectly promote or maintain a market for the Company's securities. 
Consultant may provide the services in conjunction with professionals who may act under Consultant’s direct supervision. 
Consultant and/or such professionals shall provide such consulting work monthly through the term of this Agreement (“Consulting
Services”).

 

2.       Consideration.

 

The
Company agrees upon the execution of this Agreement to issue and deliver to Consultant warrants (the “Warrants”),
in the Form of Exhibit A hereto, to purchase up to 2,000,000 shares of the Company’s Common Stock (the “Warrant Shares”)
during the five year period from January 17, 2012 through and including January 16, 2017 at an exercise price of $.20 per share.
The Warrant Shares will be subject to piggback registration rights at the Company’s discretion. To the extent the Warrant
shares are not registered, the Warrants may be exercised on a cashless basis.

 

3.       Expenses.

 

The
Company agrees to reimburse Consultant for reasonable out-of-pocket expenses upon prior written approval by the Company.

 

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4.       Confidentiality.

 

Each
of the Parties recognizes that during the course of this Agreement, information that is confidential or of a proprietary nature
may be disclosed to the other Party, including, but not limited to, product and business plans, software, technical processes
and formulas, source codes, product designs, customers, suppliers, sales, costs and other unpublished financial information, advertising
revenues, usage rates, advertising relationships, projections, and marketing data ("Confidential Information"). Each
of the Parties agrees to keep all such Confidential Information of the other confidential and not to discuss or disclose it to
anyone other than their agents without the approval of the disclosing Party. Confidential Information shall not include information
that the receiving Party can demonstrate (a) is, as of the time of its disclosure, or thereafter becomes part of the public domain
through a source other than the receiving Party, (b) was known to the receiving Party as of the time of its disclosure, (c) is
independently developed by the receiving Party, or (d) is subsequently learned from a third Party not under a confidentiality
obligation to the disclosing Party.

 

5.      Indemnification.

 

a.       The
Company agrees to indemnify, defend, and hold harmless Consultant, its assignees, and their respective directors, officers, managers,
partners, employees, attorneys and agents, and to defend any action brought against said parties with respect to any and all claims,
demands, causes of action, debts or liabilities, including reasonable attorneys' fees, arising out of work performed under this
Agreement, including breach of the Company of this Agreement, unless caused by the grossly negligent actions of Consultant.

 

b.       Consultant
agrees to indemnify, defend, and shall hold harmless the Company, its directors, officers, employees, attorneys, and agents, and
defend any action brought against same with respect to any claim, demand, cause of action, debt or liability, including reasonable
attorneys' fees, to the extent that such an action arises out of the gross negligence or willful misconduct of Consultant.

 

c.       In
claiming any indemnification hereunder, the indemnified party shall promptly provide the indemnifying Party with written notice
of any claim, which the indemnified party believes falls within the scope of the foregoing paragraphs. The indemnified party may,
at its expense, assist in the defense if it so chooses, provided that the indemnifying Party shall control such defense, and all
negotiations relative to the settlement of any such claim. Any settlement intended to bind the indemnified party shall not be
final without the indemnified party's written consent, which shall not be unreasonably withheld.

 

6.      Limitation
of Liability.

 

Unless
Consultant is found to be grossly negligent, Consultant shall have no liability with respect to Consultant's obligations under
this Agreement or otherwise for consequential, exemplary, special, incidental, or punitive damages. 

 

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7.      Term
and Termination.

 

a.       This
Agreement shall become effective on the date first above written and terminate six (6) months thereafter.

 

b.       The
Company shall have the right to terminate this agreement for any reason upon ten (10) days’ prior written notice to Consultant
during its term. Upon such termination, Consultant shall provide and deliver to the Company any and all outstanding services due
through the effective termination date of this Agreement.

 

In
the event of a termination of this Agreement pursuant to this Section 7, the Company shall not be entitled to request the return
of Warrants or the Cash Fee previously paid to Consultant hereunder, all of which Warrants and the Cash Fee shall be deemed fully
earned upon issuance and payment.

 

8.      Investment
Intent.

 

a.       Consultant
represents that it understands that the Warrant Shares have not been registered for sale under Federal or state securities laws
and that the Warrants, including the underlying Warrant Shares, are being offered and sold to Consultant pursuant to one or more
exemptions from the registration requirements of such securities laws. Each of Consultant and any designee of Consultant to whom
Warrants or Warrant Shares may be issued pursuant to this Agreement is an “accredited investor” within the meaning
of Regulation D under the United States Securities Act of 1933, as amended (the “Act”). In the absence of an effective
registration of the Warrant Shares or an exemption therefrom, any certificates for such securities shall bear an appropriate restrictive
legend. Consultant understands that it must bear the economic risk of its investment in the Warrant Shares for an indefinite period
of time, as such Warrant Shares have not been registered under Federal or state securities laws and therefore cannot be sold unless
subsequently registered under such laws, unless as exemption from such registration is available.

 

b.       Consultant
represents to the Company that each of Consultant and any designee of Consultant to whom Warrants and Warrant Shares may be issued
pursuant to this Agreement is acquiring the Warrants and Warrant Shares for its own account for investment and not with a view
to, or for sale in connection with, any distribution thereof in violation of the Act. The Warrants and Warrant Shares may not
be sold or otherwise transferred unless (i) a registration statement with respect to such transfer is effective under the Act
and any applicable state securities laws or (ii) such sale or transfer is made pursuant to one or more exemptions from the Act.

 

9.      Miscellaneous.

 

a.       This
Agreement establishes an "independent contractor" relationship between Consultant and the Company. Nothing herein shall
be construed to create an employer-employee relationship between Consultant and the Company or any of its subsidiaries or affiliates.
The consideration set forth in Section 2 of this Agreement shall be the sole consideration due Consultant for the services rendered
hereunder.

 

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b.       The
rights of each of the Parties under this Agreement are cumulative.  The rights of each of the Parties hereunder shall not
be capable of being waived or varied other than by an express waiver or variation in writing.  Any failure to exercise or
any delay in exercising any of such rights shall not operate as a waiver or variation of that or any other such right.  Any
defective or partial exercise of any of such rights shall not preclude any other or further exercise of that or any other such
right.  No act or course of conduct or negotiation on the part of any Party shall in any way preclude such Party from exercising
any such right or constitute a suspension or any variation of any such right.

 

c.       This
Agreement and the terms, covenants, conditions, provisions, obligations, undertakings, rights, and benefits hereof, shall be binding
upon, and shall inure to the benefit of, the undersigned Parties and their heirs, executors, administrators, representatives,
successors, and permitted assigns.

 

d.       This
Agreement contains the entire Agreement between the Parties with respect to the subject matter hereof.  There are no promises,
agreements, conditions, undertakings, understandings, warranties, covenants or representations, oral or written, express or implied,
between them with respect to this Agreement or the matters described in this Agreement, except as set forth in this Agreement. 
Any such negotiations, promises, or understandings shall not be used to interpret or constitute this Agreement.

 

e.       Only
an instrument in writing executed by all the Parties hereto may amend this Agreement.

 

f.       Each
part of this Agreement is intended to be severable.  In the event that any provision of this Agreement is found by any court
or other authority of competent jurisdiction to be illegal or unenforceable, such provision shall be severed or modified to the
extent necessary to render it enforceable and as so severed or modified, this Agreement shall continue in full force and effect.

 

g.       Unless
the context otherwise requires, when used herein, the singular shall be deemed to include the plural, the plural shall be deemed
to include each of the singular, and pronouns of one or no gender shall be deemed to include the equivalent pronoun of the other
or no gender.

 

h.       In
addition to the instruments and documents to be made, executed and delivered pursuant to this Agreement, the Parties hereto agree
to make, execute and deliver or cause to be made, executed and delivered, to the requesting Party such other instruments and to
take such other actions as the requesting Party may reasonably require to carry out the terms of this Agreement and the transactions
contemplated hereby.

 

i.       Any
notice which is required or desired under this Agreement shall be given in writing and may be sent by personal delivery or by
mail (either a. United States mail, postage prepaid, or b. Federal Express or similar generally recognized overnight carrier),
addressed as first written above (subject to the right to designate a different address by notice similarly given).

 

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j.       This
Agreement shall be governed by and interpreted in accordance with the laws of the State of New York without reference to its conflicts
of laws rules or principles. Each of the Parties consents to the exclusive jurisdiction of the federal and state courts having
subject matter jurisdiction that are located in New York County in the State of New York in connection with any dispute arising
under this Agreement and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on
forum non conveniens, to the bringing of any such proceeding in such jurisdictions.

 

k.      The
person signing this Agreement on behalf of each Party hereby represents and warrants that such person has the necessary power,
consent and authority to execute and deliver this Agreement on behalf of such Party.

 

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

 

m.     Unless
the context otherwise requires, when used herein, the singular shall be deemed to include the plural, the plural shall be deemed
to include each of the singular, and pronouns of one or no gender shall be deemed to include the equivalent pronoun of the other
or no gender.

 

[Signature
Page Immediately Follows]

   

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IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed and have agreed to and accepted the terms herein on
the date first written above.

  

	 	NAVESINK CAPITAL ADVISORS, LLC
	 	 
	 	By:	/s/ Alan Goddard	 
	 	Name:  Alan Goddard
	 	Title:  Managing Member
	 	 
	 	DYNASTAR HOLDINGS, INC.
	 	 
	 	By:	John S. Henderson IV	 
	 	Name: John S. Henderson IV
	 	Title: Chief Executive Officer

  

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