Document:

ex101.htm

    Exhibit 10.1

     

    ASSET
PURCHASE AGREEMENT

    

    AGREEMENT, dated as of October 9, 2009
among Beyond Commerce, Inc, a Nevada corporation with offices at 9029 South
Pecos Road, Suite 2800, Henderson, NV 89074 (the “Company”), along with its
wholly-owned subsidiary, LocalAdLink, Inc., a Nevada corporation, with offices
at  9029 South Pecos Road, Suite 2800, Henderson, NV 89074 (the “Sub”)
( collectively, the "Seller") and OmniReliant Holdings, Inc., a Nevada
corporation with offices at 14375 Myerlake Circle, Clearwater, FL 33760
("Purchaser) (each, a “Party” and, collectively, the “Parties”).

    

    RECITALS

    

    A.           Seller
is engaged in the business of certain internet related services and
software.

    

    B.           Purchaser
desires to acquire certain assets from Seller.

    

    C.           Seller
desires to sell the same to Purchaser.

    

    NOW, THEREFORE, in
consideration of the mutual representations, warranties, covenants and
agreements herein set forth, the parties hereto hereby agree as
follows:

    

    1.   Sale of
Asset.  Subject to the terms and conditions of this Agreement,
at the closing under this Agreement (the "Closing"), Seller shall sell, convey,
assign, transfer and deliver to Purchaser, and Purchaser shall purchase, acquire
and accept from Seller all right, title, and interest in and to Seller’s assets,
patents and properties used in, useful to and/or relating to the Software (as
defined below), which shall include (but not be limited to) the following (the
"Asset"):

    
       

      
        	
                  
      1.1           
      

              	
                Software.  The LocalAdLink Software (“LAL”),
      including source codes, as updated, the LAL name rights, and the LAL
      trademark, as well as any additional third party codes that has been
      modified or integrated into the source codes to enable the business
      process operations of LAL, including but not limited to the domain URL
      assets (the
"Software").

              

      

    

     

    
      	
              
                1.2         
       

              

            	
              
                
                
Records.  All
      creative materials, advertising and promotional materials, marketing
      materials, conference materials, database materials, supplier lists,
      equipment repair, maintenance or service records, and all other printed or
      written materials whether written or electronically stored or otherwise
      recorded, as they relate to the Software.

            

    

     

    It is
expressly understood that Purchaser shall not assume, pay or be liable for any
liability or obligation of Seller of any kind or nature at any time existing or
asserted, whether, known, unknown, fixed, contingent or otherwise, not
specifically assumed herein by Purchaser.

    

    2.  Purchase
Consideration.  In consideration of the purchase and sale of
the Asset, Purchaser shall (i) surrender and forgive certain debt evidenced by
original discount secured convertible debentures held in the name of the
Purchaser and issued by the Company (the “Surrendered Debentures”) in the
aggregate amount of Four Million Dollars ($4,000,000) and (ii) return for
cancellation associated warrants (the “Surrendered Warrants”).  The
principal amount of the Surrendered Debentures will be reduced by
$4,000,000, as set forth in more detail on Schedule 2.1.
Additionally, on the Closing Date, the Purchaser agrees to amend the maturity
date of the Surrendered Debentures and the remaining original issue discount
secured convertible debentures (which collectively will have a principal balance
of $1,623,323)  by an additional twelve (12) months from the date
hereof at a ten percent (10%) interest rate (the “Purchase
Consideration”).

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.  Reserved.

    

    4. Closing.

    

    4.1           Place and
Time.  The Closing shall take place at the offices of Sichenzia
Ross Friedman Ference LLP, 61 Broadway, 32nd
Floor New York, New York 10006, on the date as set forth above  or at
such other time or place as Purchaser and Seller may mutually agree as may be
evidenced by their effecting the Closing (the "Closing Date").

    

    4.2           Deliveries by
Seller.  At the Closing Seller shall deliver the following to
the Purchaser:

    

    (a)           The
Asset

    

    (b)           Such
deeds, bills of sale, assignments and other instruments of conveyance and
transfer, and such powers of attorney, as shall be effective to vest in
Purchaser title to or other interest in, and the right to full custody and
control of, the Asset, free and clear of all liens, charges, encumbrances and
security interests whatsoever.

    

    (c.)
Source code and domain related Asset to be placed in escrow with the following
vendor prior to closing: http://www.ironmountain.com/ipm/escrow/

    

    (d)           All
other documents, certificates, instruments or writings reasonably required by
Purchaser to be delivered by Seller at or prior to the Closing pursuant to this
Agreement.

    

    4.3           Deliveries by
Purchaser.  At the Closing, Purchaser shall deliver the
following to the Seller:

    

    (a)           the
Purchase Consideration in the form of a Surrendered Debentures and the
Surrendered Warrants.

    

    4.4           Proceedings.  All
proceedings which shall be taken and all documents which shall be executed and
delivered by the parties on the Closing Date shall be deemed to have been taken
and executed simultaneously, and no proceeding shall be deemed taken nor any
documents executed or delivered until all have been taken, executed and
delivered.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    4.5           Conditions to Purchaser's
Obligations.  The obligations of Purchaser to effect the
Closing shall be subject to the satisfaction at or prior to the Closing of the
following conditions, any one or more of which may be waived by
Purchaser:

    

    (a) The
Seller will obtain executed waivers from any and all creditors that hold a
security interest in the Asset, waiving such security interest and approving the
filing of a UCC-3 Financing Statement

    amending
their security interest to remove the Asset therefrom;

    

    (b) The
Seller will have filed or caused to be filed UCC-3 Financing Statement(s)
deleting the Asset from any and all UCC-1 Financing Statements previously filed
which may have included the Asset as part of a security interest to third party
secured creditors.

    

    (c)  The
Company (i) has entered into a Stock Purchase Agreement with Zurvita Holdings,
Inc. pursuant to which Zurvita Holdings, Inc. agrees to purchase 8,000,000
shares of the Seller's common stock, in installments, at a price of $0.10 per
share (for a total of $800,000), and (ii) has purchased a minimum of 3,000,000
of such shares concurrently with the Closing.

    

    (d) There
shall not be in effect any injunction, order or decree of a court of competent
jurisdiction that prohibits or delays consummation of any or all of the
transactions contemplated in this Agreement nor shall any proceeding seeking any
of the foregoing have been commenced.

    

    
      (e)
The
representations and warranties of Company and the Sub, respectively, as set
forth in this Agreement shall be true and correct in all material respects as of
the date of this Agreement and as of the Closing Date as though made at such
time.

    

    

    
      (f)
Seller
shall have performed and complied in all material respects with the agreements
contained in this Agreement required to be performed and complied with by it
prior to or at the Closing.

    

    

    
      (g)
Purchaser
shall have received a certificate to the effect set forth in clauses (a), (b),
(c), (d), (e) and (f) above signed by the Secretary of the Company and the Sub,
respectively, except that Section (c) herein shall only apply to the
Company.

    

    

    4.6           Conditions to Seller's
Obligations.  The obligations of Seller to effect the Closing
shall be subject to the satisfaction at or prior to the Closing of the following
conditions, any one or more of which may be waived by Seller:

    

    
      (a) 
There
shall not be in effect any injunction, order or decree of a court of competent
jurisdiction that prohibits or delays the consummation of any or all of the
transactions contemplated herein nor shall any proceeding seeking any of the
foregoing have been commenced.

    

    

    
      (b)
The
representations and warranties of Purchaser, set forth in this Agreement shall
be true and correct in all material respects as of the date of this Agreement
and as of the Closing Date as though made at such time.

    

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)
Purchaser shall have performed and complied in all material respects with the
agreements contained in this Agreement required to be performed and complied
with by it prior to or at the Closing.

    

    (d) Seller
shall have received a certificate to the effect set forth in clauses (a), (b)
and (c) above signed by the Secretary of Purchaser.

    

    5.  Representations and
Warranties of Seller.  The Company and the Sub, jointly and
severally hereby represent and warrant to the Purchaser that as
follows:

    

    5.1           Organization and Good
Standing.  Seller is a corporation duly organized, validly
existing and in good standing under the laws of the State of Nevada. Seller has
full power and authority to own its properties and to carry on its business as
it is now being conducted. Seller is duly qualified to transact business and is
in good standing in each jurisdiction wherein the nature of the business done or
the property owned, leased or operated by it requires such qualification, except
where the failure to be so qualified would not have a material adverse effect on
the business, operations, properties, prospects, liabilities, results of
operations, Asset or condition (financial or otherwise) of
Seller.  True, correct and complete copies of Seller’s certificate of
incorporation and bylaws and all amendments thereto have been delivered to
Purchaser. The minutes and records of the Seller that have been made available
to Purchaser and are true, correct and complete in all material
respects.

     

    
      	
              5.2        
        

            	
              Corporate Authority,
      No Conflicts.

            

    

     

    (a)           Seller
has the right, power, authority and capacity to execute and deliver this
Agreement and to perform its obligations under this Agreement.

    

    (b)           Neither
the execution, delivery or performance of this Agreement by Seller nor the
consummation by Seller of the transactions contemplated hereby will, directly or
indirectly (with or without notice or lapse of time or both):

    

    (i)           contravene,
conflict with or result in a violation or breach of (A) any provision of the
organizational documents of Seller, (B) any resolution adopted by the Board of
Directors, or any committee thereof, or the owner of Seller, (C) any legal
requirement or any governmental order to which Seller or any of the properties
or assets owned or used by Seller may be subject, or (D) any authorization,
license or permit of any governmental authority, including any private
investigatory license or other similar license, which is held by Seller or that
otherwise relates to the business of, or any of the assets owned or used by
Seller;

     

    (ii)           result
in a violation or breach of or constitute a default, give rise to a right of
termination, cancellation or acceleration, create any entitlement to any payment
or benefit or require the consent or approval of or any notice to or filing with
any third party under any contract to which Seller is a party or to which
it  or its properties or assets may be bound, or require the consent
or approval of or any notice to or filing with any governmental authority to
which the Seller or its properties or assets may be subject; or

     

    (iii)           result
in the imposition or creation of any encumbrance upon or with respect to any of
the properties or assets owned or used by Seller.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.3           Compliance with Law;
Governmental Authorizations.  To the best of Seller’s
knowledge, Seller is in compliance with all federal, state and local laws,
authorizations, licenses and permits of any governmental authority and all
governmental orders affecting the business, operations, properties or Asset of
Seller, including federal, state and local: (i) Occupational Safety and Health
Laws; (ii) private investigatory and other similar laws; (iii) the Fair Credit
Reporting Act and similar state and local laws; and (iv) laws regarding or
relating to trespass or violation of privacy rights.  Seller has not
been charged with violating, nor to the knowledge of Seller, threatened with a
charge of violating, nor, to the knowledge of Seller, is Seller under
investigation with respect to a possible violation of any provision of any
federal, state or local law relating to any of its respective businesses,
operation, properties or Asset.

    

    5.4           Effect of
Agreement.  This Agreement has been duly executed and delivered
by Seller and constitutes, and such other agreements and instruments to be
executed by Seller pursuant hereto, when so duly executed and delivered, will
constitute, legal, valid and binding obligations of Seller, enforceable in
accordance with their respective terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or
other similar laws relating to or affecting the rights of creditors generally
and by general equity principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law).

    

    5.5           Title to
Asset.  After giving effect to the transactions contemplated by
this Agreement, Purchaser will have good and valid title to the Asset, free and
clear of all, liens, encumbrances, restrictions, security interests, mortgages,
and claims (including any related to duty or customs).

    

    5.6           Broker's
Fees.  Seller has not employed any broker or finder or incurred
any liability for any broker's or finder's fees or commissions in connection
with this Agreement or the transactions contemplated herein.

    

    5.7           Noncontravention.                                Neither
the execution and the delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, will (i) violate any constitution, statute,
regulation, rule, injunction, judgment, order, decree, ruling, charge, or other
restriction of any government, governmental agency, or court to which the
Purchaser is subject or any provision of its charter or bylaws or (ii) conflict
with, result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under any agreement, contract, lease, license,
instrument, or other arrangement to which the Purchaser is a party or by which
it is bound or to which any of its asset is subject. The Purchaser does not need
to give any notice to, make any filing with, or obtain any authorization,
consent, or approval of any government or governmental agency in order for the
Parties to consummate the transactions contemplated by this
Agreement.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5.8           Intellectual
Property.

    

    (a) The
Seller owns or has the right to use pursuant to license, sublicense, agreement
or permission all intellectual property necessary or desirable for the operation
of the Asset as presently conducted and as presently proposed to be conducted
(the “Intellectual Property”).  Each item of the Intellectual Property
owned or used by the Seller as it relates to the Asset immediately prior to the
Closing hereunder will be owned by the Purchaser on identical terms and
conditions immediately subsequent to the Closing hereunder.  The
Seller has taken all necessary and desirable action to maintain and protect each
item of Intellectual Property that it owns or uses.

    

    (b) To the
knowledge of the Seller, Seller has not interfered with, infringed upon,
misappropriated, or otherwise come into conflict with any Intellectual Property
rights of third parties, and none of the directors and officers (and employees
with responsibility for Intellectual Property matters) of the Seller has ever
received any charge, complaint, claim, demand, or notice alleging any such
interference, infringement, misappropriation or violation (including any claim
that the Seller must license or refrain from using any Intellectual Property
rights of any third party).  To the knowledge of any of the directors
and officers (and employees with responsibility for Intellectual Property
matters) of the Seller, no third party has interfered with, infringed upon,
misappropriated, or otherwise come into conflict with any Intellectual Property
rights of the Seller.

    

    (c) Schedule 5.8
identifies each patent or registration which has been issued to the Seller with
respect to the Intellectual Property, identifies each pending patent application
or application for registration which any of the Seller has made with respect to
the Intellectual Property, and identifies each license, agreement, or other
permission which the Seller has granted to any third party with respect to the
Intellectual Property (together with any exceptions). The Seller has delivered
to the Purchaser correct and complete copies of all such patents, registrations,
applications, licenses, agreements, and permissions (as amended to date) and has
made available to the Purchaser correct and complete copies of all other written
documentation evidencing ownership and prosecution (if applicable) of each such
item. Schedule
5.8 also identifies each trade name or unregistered trademark used by the
Seller in connection with any of its businesses. With respect to each item of
Intellectual Property required to be identified in Schedule
5.8:

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (i)

            	
              the
      Seller possesses all right, title, and interest in and to the item, free
      and clear of any Security Interest, license, or other
      restriction;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              the
      item is not subject to any outstanding injunction, judgment, order,
      decree, ruling, or charge;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              no
      action, suit, proceeding, hearing, investigation, charge, complaint,
      claim, or demand is pending or, to the knowledge of the directors and
      officers (and employees with responsibility for Intellectual Property
      matters) of the Seller is threatened which challenges the legality,
      validity, enforceability, use, or ownership of the item;
    and

            

    

    

    
      	
               
      

            	
              (iv)

            	
              the
      Seller has never agreed to indemnify any person or entity for or against
      any interference, infringement, misappropriation, or other conflict with
      respect to the item.

            

    

    

    
      	
               
      

            	
              Schedule 5.8
      identifies each item of Intellectual Property that any third party
      owns and that the Seller uses pursuant to license, sublicense, agreement,
      or permission. The Seller has delivered to the Purchaser correct and
      complete copies of all such licenses, sublicenses, agreements, and
      permissions (as amended to date). With respect to each item of
      Intellectual Property required to be identified in Schedule
      5.8;

            

    

    

    
      	
               
      

            	
              (i)

            	
              the
      license, sublicense, agreement, or permission covering the item is legal,
      valid, binding, enforceable, and in full force and
  effect;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              the
      license, sublicense, agreement, or permission will continue to be legal,
      valid, binding, enforceable, and in full force and effect on identical
      terms following the consummation of the transactions contemplated
      hereby;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              no
      party to the license, sublicense, agreement, or permission is in breach or
      default, and no event has occurred which with notice or lapse of time
      would constitute a breach or default or permit termination, modification,
      or acceleration thereunder;

            

    

    

    
      	
               
      

            	
              (iv)

            	
              no
      party to the license, sublicense, agreement, or permission has repudiated
      any provision thereof;

            

    

    

    
      	
               
      

            	
              (v)

            	
              with
      respect to each sublicense, the representations and warranties set forth
      in subsections (A) through (D) above are true and correct with respect to
      the underlying license;

            

    

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      	
                

            	
              (vi)

            	
              the
      underlying item of Intellectual Property is not subject to any outstanding
      injunction, judgment, order, decree, ruling, or
  charge;

            

    

    

    
      	
               
      

            	
              (vii)

            	
              no
      action, suit, proceeding, hearing, investigation, charge, complaint,
      claim, or demand is pending or, to the knowledge of the the directors and
      officers (and employees with responsibility for Intellectual Property
      matters) of the Seller is threatened which challenges the legality,
      validity, or enforceability of the underlying item of Intellectual
      Property; and

            

    

    

    
      	
               
      

            	
              (viii)

            	
              the
      Seller has not granted any sublicense or similar right with respect to the
      license, sublicense, agreement, or
permission.

            

    

    

    5.9           Assets.  The
Asset being sold hereunder does not represent 100% of the property and assets of
the Seller and as such, approval of the shareholders of the Seller representing
at least a majority of the voting power is not required.

    

    5.10           Disclosure.  No
representation or warranty by Seller in this Agreement, nor in any certificate,
schedule or exhibit delivered or to be delivered pursuant to this Agreement
contains or will contain any untrue statement of material fact, or omits or will
omit to state a material fact necessary to make the statements herein or
therein, in light of the circumstances under which they were made, not
misleading.

    

    5.11           Liabilities.  Obligations
of any pre-existing liabilities of the Seller prior to the sale of Asset remain
the obligation of the Seller.

    

    5.12           No Material Adverse
Change.  Since the date of the Seller’s latest SEC filings,
there has not been a material adverse change in the business, except as set
forth on Schedule
5.12.

    

                5.13    Reserved.

    

    5.14           Condition and Sufficiency of
Asset. The Asset is in good operating condition and repair, and is
adequate for the uses to which it is being put, and the Asset is not in need of
maintenance or repairs except for ordinary, routine maintenance and repairs that
are not material in nature or cost. The Asset is sufficient for the continued
conduct of its business after the Closing in substantially the same manner as
conducted prior to the Closing.

    

    5.15           Legal
Proceedings.  There is no pending claim, action, investigation,
arbitration, litigation, suit or other proceeding (“Proceeding”):

     
 

    (a)  that has been commenced
by or against the Seller or that otherwise relates to or may affect the business
of, or any of the properties or assets owned, held or used by, the Seller;
or

    

    (b)  that challenges, or
that may have the effect of preventing, delaying, making illegal, or otherwise
interfering with, any of the transactions contemplated hereby.

    

    To the knowledge of the Seller, (A) no
such Proceeding has been threatened, and (B) no event has occurred or
circumstance exists that may give rise to or serve as a basis for the
commencement of any such Proceeding.

    

     
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6.  Reserved.

    

    7.  Representations and
Warranties of Purchaser.  Purchaser hereby represents and
warrants to Seller as follows:

    

    7.1           Organization and Good
Standing.  Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of
Nevada.   Purchaser has full corporate power and authority to own
its properties and to carry on its business as it is now being
conducted.  Purchaser is duly qualified to transact business and is in
good standing in each jurisdiction wherein the nature of the business done or
the property owned, leased or operated by it requires such qualification, except
where the failure to be so qualified would not have a material adverse effect on
the business, operations, properties, prospects, liabilities, results of
operations, assets or condition (financial or otherwise) of
Purchaser.

    

    7.2    Corporate Authority, No
Conflicts.

    

    (a)           Purchaser
has the right, power, authority and capacity to execute and deliver this
Agreement and to perform its obligations under this Agreement.

    

    (b)           Neither
the execution, delivery or performance of this Agreement by Purchaser nor the
consummation by Purchaser of the transactions contemplated hereby will, directly
or indirectly (with or without notice or lapse of time or both):

    

    (i)           contravene,
conflict with or result in a violation or breach of (A) any provision of the
organizational documents of Purchaser, (B) any resolution adopted by the Board
of Directors, or any committee thereof, or the owner of Purchaser, (C) any legal
requirement or any governmental order to which Purchaser or any of the
properties or assets owned or used by Purchaser may be subject, or (D) any
authorization, license or permit of any governmental authority, including any
private investigatory license or other similar license, which is held by
Purchaser or that otherwise relates to the business of, or any of the assets
owned or used by Purchaser;

     

    (ii)           result
in a violation or breach of or constitute a default, give rise to a right of
termination, cancellation or acceleration, create any entitlement to any payment
or benefit or require the consent or approval of or any notice to or filing with
any third party under any contract to which Purchaser is a party or to which
it  or its properties or assets may be bound, or require the consent
or approval of or any notice to or filing with any governmental authority to
which the Purchaser or its properties or assets may be subject; or

     

    (iii)           result
in the imposition or creation of any encumbrance upon or with respect to any of
the properties or assets owned or used by Purchaser.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7.3           No Undisclosed
Liabilities.  Purchaser has no material liabilities or
obligations of any nature (whether absolute, accrued, contingent, or otherwise)
except for liabilities or obligations reflected or reserved against in the its
financial statements filed with the Securities and Exchange Commission and
current liabilities incurred in the ordinary course of business since the date
of the therefrom, which current liabilities are consistent with the
representations and warranties contained in this Agreement and will not,
individually or in the aggregate, have a material adverse effect on the
business, operations, properties, prospects, liabilities, results of operations,
assets or condition (financial or otherwise) of Purchaser.

    

    7.4           Taxes.  Purchaser
has properly and timely filed all federal, state and local Tax returns and has
paid all Taxes, assessments and penalties due and payable. All such Tax returns
were complete and correct in all respects as filed, and no claims have been
assessed with respect to such returns. The provisions made for Taxes on the
balance sheet of the Purchaser included in the financial statements of the
Purchaser which have been filed with the Securities and Exchange Commission are
sufficient in all respects for the payment of all Taxes whether disputed or not
that are due or are hereafter found to have been due with respect to the conduct
of the business of the Purchaser up to and through the date of such financial
statements. There are no present, pending, or threatened audit, investigations,
assessments or disputes as to Taxes of any nature payable by the Purchaser, nor
any Tax liens whether existing or inchoate on any of the assets of the
Purchaser, except for current year Taxes not presently due and payable. The
federal income Tax returns of the Purchaser have never been audited. No IRS or
foreign, state, county or local Tax audit is currently in progress. The
Purchaser has not waived the expiration of the statute of limitations with
respect to any Taxes. There are no outstanding requests by the Purchaser for any
extension of time within which to file any Tax return or to pay Taxes shown to
be due on any Tax return. Other than with respect to the Purchaser, the
Purchaser is not liable for Taxes of any other person or entity or is currently
under any contractual obligation to indemnify any person or entity with respect
to Taxes or is a party to any Tax sharing agreement or any other agreement
providing for payments by the Purchaser with respect to Taxes.

    

    For purposes of this Agreement, the
term “Tax” shall mean any United States federal, national, state, provincial,
local or other jurisdictional income, gross receipts, property, sales, use,
license, excise, franchise, employment, payroll, estimated, alternative or
add-on minimum, ad valorem, transfer or excise tax, or any other tax, custom,
duty, governmental fee or other like assessment or charge imposed by any
governmental authority, together with any interest or penalty imposed
thereon.

    

    7.5           Effect of
Agreement.  This Agreement has been duly executed and delivered
by Purchaser and constitutes, and each other agreement, document or instrument
to be executed by Purchaser pursuant hereto, when so duly executed and
delivered, will constitute, legal, valid and binding obligations of Purchaser,
enforceable against Purchaser in accordance with their terms, except as such
enforcement may be limited by bankruptcy, insolvency, reorganization,
receivership, moratorium or other similar laws relating to or affecting the
rights of creditors generally and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in equity or at
law).

    

    7.6           Knowledge.  Purchaser's
determination with respect to entering into this Agreement was based solely on
the knowledge of its officers and directors and the representations and
warranties made by Seller herein.  Purchaser has not relied on any
representations or warranties of any Seller or any agent of any Seller, whether
implied or otherwise, other than those expressly made by Seller in this
Agreement, in making its determination to enter into and consummate this
Agreement.

    

    7.7           Broker's
Fees.  Purchaser has not employed any broker or finder or
incurred any liability for any broker's or finder's fees or commissions in
connection with this Agreement or the transactions contemplated
herein.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    8.           Pre-Closing
Covenants.

    

    8.1           Transition.  This
Agreement is subject to a full and timely transition of the LAL operations,
technology platform and associated LAL representatives to the Purchaser and its
licensees.  “Transition” is defined, for purposes herein, as the
ability for the Purchaser, to be fully functional to operate and sell LAL
products independently from BYOC resources.  The Seller hereby agrees
to train the employees of the Purchaser (or Purchaser's licensee, Zurvita
Holdings, Inc.) and provide support services to transition the LAL operations,
technology platform and associated LAL representatives to the Purchaser and its
licensees.  The Seller will train the employees of the Purchaser and
Purchaser’s licensee, Zurvita Holdings, Inc. (“Zurvita”), to manage the Software
platform, along with all relevant functions which allow the Purchaser and/or
Zurvita to sell ads and manage the entire Software platform and processes
independently while working out of the Seller’s main offices.  If the
Transition requirements are not satisfied or the Company breaches its
obligations under Section 4.6(e) of the Stock Purchase Agreement dated October
9, 2009 between the Company and Zurvita, this Agreement will be deemed null and
void.

    

    8.2           Reserved.

    

    8.3           Compliance with
Conditions.  The parties hereto shall use their best efforts to
cause the Closing to be consummated and to cause the execution and delivery of
the documents referred to in Section 4 hereof and to bring about the
satisfaction of the conditions to the obligations of the parties hereto set
forth herein.

    

    8.4           Update of
Exhibits.  From and after the date hereof and up to the Closing
Date, the parties hereto shall update the exhibits to this Agreement to the
extent necessary to make such exhibits true and accurate as of the Closing Date
and shall deliver copies of such updated exhibits to Purchaser or Seller, as the
case may be, immediately upon their preparation.

    

    8.5           Consents.  From
and after the date hereof, the parties hereto shall use their best efforts to
obtain all of the certificates, authorizations, consents or approvals required
as set forth herein.  Evidence of such certificates, authorizations,
consents or approvals shall be delivered to Purchaser or Seller, as the case may
be, on or prior to the Closing.

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8.6           Business
Practices.  From and after the date hereof, Seller shall
continue to run the business of Seller in a manner consistent with past business
practices including the satisfaction of all of its then current obligations to
ensure a smooth and timely transition as noted in 8.1 above.

    

    9.           Indemnifications
by Seller and Purchaser.

    

    9.1           Indemnification by
Seller.  Seller shall indemnify and hold harmless Purchaser and
shall reimburse Purchaser, for any loss, liability, claim, damage, expense
(including, without limitation, costs of investigation and defense and
reasonable attorney's fees) or diminution of value (collectively, "Damages")
arising from or in connection with:

    

    (a)           any
inaccuracy in any of the representations and warranties of Seller in this
Agreement or in any certificate delivered by Seller pursuant to this Agreement,
or any actions, omissions or state of facts inconsistent with any such
representation or warranty (for purposes of this clause (a), each schedule and
exhibit to this Agreement shall be deemed a representation and
warranty);

    

    (b)           any
failure by Seller to perform or comply with any agreement made by it under this
Agreement;

    

    (c)           any
operations or business conducted, commitment made, service rendered or condition
existing or any action taken or omitted by or on behalf of Seller, except for
any claims for which Purchaser is required to indemnify Seller pursuant to this
Agreement;

    

    (d)           any
claim by any person for brokerage or finder's fees or commissions or similar
payments based upon any agreement or understanding alleged to have been made by
any such person with Seller (or any person acting on its behalf) in connection
with any of the transactions contemplated herein; and

    

    (e)           Seller's
failure to comply with the "Bulk Sales Laws" under the Uniform Commercial
Code;

    

    provided, however, that (i)
Seller shall have no obligation to indemnify Purchaser for Damages until the
aggregate Damages exceed $20,000 and, in such event, for the full amount of such
Damages, (ii) Seller' aggregate liability for Damages shall in no event exceed
the Purchase Consideration, and (iii) Seller shall have no obligation to
indemnify Purchaser for any claims made by Purchaser after eighteen (24) months
after the Closing Date.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    9.2           Indemnification by
Purchaser.  Purchaser shall indemnify and hold harmless Seller,
and shall reimburse Seller, for any Damages arising from or in connection
with:

    

    (a)           any
inaccuracy in any of the representations and warranties of Purchaser in this
Agreement or in any certificate delivered by Purchaser pursuant to this
Agreement, or any actions, omissions or state of facts inconsistent with any
such representation or warranty (for purposes of this clause (a), each schedule
and exhibit to this Agreement shall be deemed a representation and
warranty);

    

    (b)           any
failure by Purchaser to perform or comply with any agreement made by it under
this Agreement;

    

    (c)           any
claim by any person for brokerage or finder's fees or commissions or similar
payments based upon any agreement or understanding alleged to have been made by
such person with Purchaser (or any person acting on its behalf, regardless of
whether such person purported to act on behalf of Seller) in connection with any
of the transactions contemplated in this Agreement; and

    

    (d)           obligations
with respect to any product liability associated with the Asset for the period
after the Closing Date; provided, however, that (i)
Purchaser shall have no obligation to indemnify Seller for Damages until the
aggregate Damages exceed $20,000, each and, in such event, for the full amount
of such Damages, (ii) Purchaser's aggregate liability for Damages shall in no
event exceed the Purchase consideration, and (iii) Purchaser shall have no
obligation to indemnify Seller for any claims made by the Seller under this
Agreement after eighteen (18) months after the Closing Date.

    

    9.3       Reserved.

    

    9.4           Procedure for
Indemnification.  Promptly after receipt by an indemnified
party under Section 9.1or 9.2 hereof of notice of the commencement of any action
or assertion of any claim, such indemnified party shall, if a claim in respect
thereof is to be made against an indemnifying party under such Section, give
notice to the indemnifying party of the commencement or assertion thereof, but
the failure so to notify the indemnifying party shall not relieve it of any
liability that it may have to any indemnified party except to the extent the
indemnifying party demonstrates that the defense of such action is materially
prejudiced thereby.  If any such action shall be brought against an
indemnified party and it shall give notice to the indemnifying party of the
commencement thereof, the indemnifying party shall be entitled to participate
therein and, to the extent that it shall wish, to assume the defense thereof
with counsel satisfactory to such indemnified party and, after notice from the
indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party shall not be liable to such indemnified
party under such Section for any fees of other counsel or any other expenses, in
each case subsequently incurred by such indemnified party in connection with the
defense thereof, other than reasonable costs of investigation.  If an
indemnifying party assumes the defense of such an action:

    

    (a)           no
compromise or settlement thereof may be effected by the indemnifying party
without the indemnified party's consent which shall not be unreasonably withheld
unless (i) there is no finding or admission of any violation of law or any
violation of the rights of any person and no effect on any other claims that may
be made against the indemnified party and (ii) the sole relief provided is
monetary damages that are paid in full by the indemnifying party;
and

    

    (b)           the
indemnifying party shall have no liability with respect to any compromise or
settlement thereof effected without its consent.  If notice is given
to an indemnifying party of the commencement of any action and it does not,
within ten (10) business days after the indemnified party's notice is given,
give notice to the indemnified party of its election to assume the defense
thereof, the indemnifying party shall be bound by any determination made in such
action or any compromise or settlement thereof effected by the indemnified
party.  Notwithstanding the foregoing, if an indemnified party
determines in good faith that there is a reasonable probability that an action
may materially and adversely affect it or its affiliates other than as a result
of monetary damages, such indemnified party may, by notice to the indemnifying
party, assume the exclusive right to defend, compromise or settle such action at
its cost or expense, but the indemnifying party shall not be bound by any
determination of an action so defended or any compromise or settlement thereof
effected without its consent (which shall not be unreasonably
withheld).

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    10.           Miscellaneous.

    

    10.1           License.   The
Parties hereto hereby agree in good faith to engage in the future negotiations
of a license agreement whereby the Licensor may license the Asset to Licensee
pursuant to mutually agreed upon terms and
conditions.  Notwithstanding the foregoing, the failure of the Parties
to enter into such license agreement shall not be considered a breach of either
Party’s respective obligations under this Agreement.

    

    10.2           Bulk Sales
Laws:  The Parties hereto hereby agree to waive compliance with
"Bulk Sales Laws" under the Uniform Commercial Code and the related notice
provisions thereof.

    

    10.3           Survival.  All
representations, warranties and agreements contained in this Agreement or in any
certificate delivered pursuant to this Agreement shall survive eighteen (24)
months after Closing.

    

    10.4           Waivers and
Amendments.

    

    (a)           This
Agreement may be amended, modified or supplemented only by a written instrument
executed by the parties hereto.  The provisions of this Agreement may
be waived only by an instrument in writing executed by the party granting the
waiver.  No action taken pursuant to this Agreement, including without
limitation, any investigation by or on behalf of any party, shall be deemed to
constitute a waiver by the party taking such action of compliance with any
representation, warranty, covenant or agreement contained herein.  The
waiver by any party hereto of a breach of any provision of this Agreement shall
not operate or be construed as a further or continuing waiver of such breach or
as a waiver of any other or subsequent breach.

    

    (b)           No
failure on the part of any party to exercise, and no delay in exercising any
right, power or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of such right, power or remedy by such party
preclude any other or further exercise thereof or the exercise of any other
right, power or remedy.  All remedies hereunder are cumulative and are
not exclusive of any other remedies provided by law.

    

    10.5           Fees and
Expenses.  The Seller shall be responsible for all fees and
expenses incurred in connection with this transaction.

    

    10.6           Notices.  All
notices, requests, demands and other communications that are required or may be
given under this Agreement shall be in writing and shall be deemed to have been
duly given or made:  if by hand, immediately upon delivery; if by
telex, telecopier, telegram or similar electronic device, immediately upon
sending, provided it is sent on a business day, but if not, then immediately
upon the beginning of the first business day after being sent; if by Federal
Express, Express Mail or any other overnight delivery service, on the first
business day after dispatch; if by registered or certified mail, return receipt
requested, upon receipt by the addressee.  All notices, requests and
demands are to be given or made to the parties at the following addresses (or to
such other address as either party may designate by notice in accordance with
the provisions of this paragraph):

    

    If to
Company:                      Beyond
Commerce, Inc.

    9029 South Pecos, Suite
2800

    Henderson, NV 89074

    Telephone:702.463.7000

    Facsimile:702.463.7007

    

    If to
Sub:                                LocalAdLink,
Inc.

    9029 South Pecos, Suite
2800

    Henderson, NV 89074

    Telephone:702.463.7000

    Facsimile:702.463.7007

    

    

    If to
Purchaser:                   OmniReliant
Holdings, Inc.

    14375 Myerlake Circle

    Clearwater,
FL 33760

    Telephone: 727.230.1031

    Facsimile: 727.230.1032

    

    10.7           Entire
Agreement.  This Agreement and the schedules and exhibits
hereto set forth the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof and supersede any prior
negotiations, agreements, letters of intent, understandings or arrangements
between the parties hereto with respect to the subject matter
hereof.

    

    10.8           Binding Effect, Benefits,
Construction.  This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective
successors.  Nothing in this Agreement, expressed or implied, is
intended to confer on any person other than the parties hereto, or their
respective successors, any rights, remedies, obligations or liabilities under or
by reason of this Agreement.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    10.9           Non-Assignability.  This
Agreement and any rights pursuant hereto shall not be assignable by any party
hereto without the prior written consent of the other party.

    

    10.10           Counsel.  Each
Party acknowledges that it has been advised by competent and independent legal
counsel of their own choosing in connection with the execution of this
Agreement, that it understands their rights and obligations hereunder, and that
it is entering into this Agreement of its own free will.  Each Party
agrees to bear its own costs and attorneys’ fees which have been or may be
incurred in connection with the negotiation and consummation of this Agreement
or any action to enforce the provisions of this Agreement

    

    10.11            Applicable
Law, Venue, Jurisdiction.  This Agreement shall be
governed by, and construed in accordance with, the internal laws of the State of
New York without regard to the choice of law principles thereof.  Each
of the parties hereto irrevocably submits to the exclusive jurisdiction of the
courts of the State of New York, County of New York for the purpose of any suit,
action, proceeding or judgment relating to or arising out of this Agreement and
the transactions contemplated hereby.  Service of process in
connection with any such suit, action or proceeding may be served on each party
hereto anywhere in the world by the same methods as are specified for the giving
of notices under this Agreement.  Each of the parties hereto
irrevocably consents to the jurisdiction of any such court in any such suit,
action or proceeding and to the laying of venue in such court.  Each
party hereto irrevocably waives any objection to the laying of venue of any such
suit, action or proceeding brought in such courts and irrevocably waives any
claim that any such suit, action or proceeding brought in any such court has
been brought in an inconvenient forum. EACH OF THE PARTIES
HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH
RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED
SPECIFICALLY AS TO THIS WAIVER.

     

    .           10.11           
Section and Other
Headings.  The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.

    

    10.12           
Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    IN WITNESS WHEREOF, Purchaser
and Seller have caused this Agreement to be signed by their duly authorized
respective officers all as of the date first written above.

    

     

     

     

    

      
        	
                COMPANY: 
      BEYOND COMMERCE, INC.

                A
      Nevada Corporation

              	 
	 	 	 
	
                By:
      

              	/s/ Mark
      Noffke	 
	 	Name:
      Mark Noffke 	 
	 	Title:
      Chief Financial Officer	 
	 	 	 

      

    

    

    
       

      

        
          	
                  SUB: LOCALADLINK,
      INC.

                  A
      Nevada Corporation

                	 
	 	 	 
	
                  By:
      

                	/s/ Mark
      Noffke	 
	 	Name:
      Mark Noffke 	 
	 	Title:
      Chief Financial Officer	 
	 	 	 

        

      

       

       

    

    
      

        
          	
                  PURCHASER: 
      OMNIRELIANT HOLDINGS, INC.

                  A
      Nevada Corporation

                	 
	 	 	 
	
                  By:
      

                	/s/ Paul
      Morrison	 
	 	Name:
      Paul Morrison	 
	 	Title:
      Chief Executive Officer	 
	 	 	 

        

      

      

 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      	
               
      

            	
              Schedule 2.1 The
      Purchase Consideration

            

    

    

    SURRENDERED
DEBENTURES

    
      	
              1.  

            	
              Debenture
      dated June 29, 2009- Face value of
$583,330

            

    

    
      	
              2.  

            	
              Debenture
      dated July 2, 2009- Face value of
$583,330

            

    

    
      	
              3.  

            	
              Debenture
      dated July 10, 2009- Face value of
$583,330

            

    

    
      	
              4.  

            	
              Debenture
      dated July 21, 2009- Face value of
$1,750,010

            

    

    
      	
              5.  

            	
              Debenture
      dated July 30, 2009- Face value $641,663- reduce to Face Value of
      $141,663

            

    

    SURRENDERED
WARRANTS

    
      	
              1.  

            	
              Warrant
      issued June 29, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
              2.  

            	
              Warrant
      issued July 2, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
              3.  

            	
              Warrant
      issued July 10, 2009 to purchase 2,499,986 shares of common
      stock

            

    

    
      	
              4.  

            	
              Warrant
      issued July 21, 2009 to purchase 7,500,042 shares of common
      stock

            

    

    
      	
              5.  

            	
              Warrant
      issued July 30, 2009 to purchase 2,750,000 shares of common
      stock

            

    

    
      	
              6.  

            	
              Warrant
      issued August 11, 2009 to purchase 1,250,000 shares of common stock
      reduced to right to purchase 678,963 shares of common
  stock

            

    

    

    Schedule 5.8 Intellectual
Property

    ByDesign

    iCentris

    CRM

    RackSpace

    Search
Boost

    RightNow
Technologies

    LasVegas.net

    LocalAdLink

    

    Schedule 5.12 Material
Adverse Changes

    Seller
has not been able to pay commissions to its reps, but the Asset still is
functional in its entirety.ex102.htm

    
      Exhibit
10.2

       

      SECURITIES
PURCHASE AGREEMENT

       

      This
Securities Purchase Agreement (this “Agreement”) is dated
as of October 9, 2009, between Beyond Commerce, Inc, a Nevada corporation (the
“Company”), and
Zurvita Holdings, Inc., (the “Purchaser”).

       

      WHEREAS,
concurrently with the execution of this Agreement, the Company is entering into
an asset purchase agreement with OmniReliant Holdings, Inc. (“OmniReliant”),
pursuant to which OmniReliant is acquiring certain software (the “Software”) of the
Company (the “Asset
Purchase Agreement”).

       

      WHEREAS,
immediately following the purchase of the Software by OmniReliant, OmniReliant
is entering into a license agreement with the Purchaser (the “License Agreement”),
pursuant to which OmniRelaint shall grant the Purchaser a license to use the
Software.

       

      WHEREAS,
the Company and the Purchaser are executing and delivering  this
Agreement in reliance upon an exemption from securities registration pursuant to
Section 4(2) and/or Rule 506 of Regulation D ("Regulation  D") as
promulgated by the U.S. Securities and Exchange Commission (the "SEC") under the
Securities Act of 1933, as amended (the "Securities Act");

       

      WHEREAS,
the parties desire that, upon the terms and subject to the
conditions  contained herein, the Company shall issue and sell to the
Purchaser, as provided herein, and the Purchaser shall  purchase up to
Eight Hundred Thousand Dollars  ($800,000) of shares of the Company's
common stock, of which Three
Hundred  Thousand  Dollars  ($300,000) has been
previously advanced to the Company on behalf of the Purchasers and the closing
upon which will occur on the date hereof (the "First Closing"), Two
Hundred Thousand Dollars ($200,000) shall be funded upon the ability to sell
advertising (the "Second  Closing"),
One Hundred Thousand Dollars  ($100,000) shall be funded on October
23rd,
2009 (the "Third  Closing")
and Two Hundred Thousand Dollars ($200,000) shall be funded on such date as the
entire sales, operational and technical transition has taken place to effectuate
the sales cycle allowing OmniReliant Holdings, Inc. (“OmniReliant”) and the
Purchaser to operate independently on its own platform but, in any evernt, no
later than November 1st 2009
.. (the “Fourth
Closing”) (individually referred to as a "Closing" collectively
referred to as the "Closings"), for a
total purchase price of up to Eight Hundred Thousand Dollars ($800,000), (the
"Purchase Price");

       

      WHEREAS,
as a condition to the purchase of securities by the Purchaser, the Company shall
be required to provide certain support services related to the Software to the
Purchaser subject to the terms and conditions as described in this
Agreement.

       

      NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
and for other good and valuable consideration the receipt and adequacy of which
are hereby acknowledged, the Company and each Purchaser agree as
follows:

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      ARTICLE
I.

       

      DEFINITIONS

       

      1.1 Definitions. In
addition to the terms defined elsewhere in this Agreement, for all purposes of
this Agreement, the following terms have the meanings set forth in this Section
1.1:

       

      “Acquiring Person”
shall have the meaning ascribed to such term in Section 4.5.

       

      “Action” shall have
the meaning ascribed to such term in Section 3.1(j).

       

      “Affiliate” means any
Person that, directly or indirectly through one or more intermediaries, controls
or is controlled by or is under common control with a Person as such terms are
used in and construed under Rule 405 under the Securities Act.

       

       “Board of Directors”
means the board of directors of the Company.

       

      “Business Day” means
any day except Saturday, Sunday, any day which is a federal legal holiday in the
United States or any day on which banking institutions in the State of New York
are authorized or required by law or other governmental action to
close.

       

       “Closings” means the
First Closing, the Second Closing, the Third Closing and the Fourth
Closing.

       

      “Closing Dates” means
the First Closing Date, the Second Closing Date, the Third Closing Date and the
Fourth Closing Date.

       

       “Closing Statement”
means the Closing Statement in the form Annex A attached
hereto.

       

       “Commission” means the
United States Securities and Exchange Commission.

       

      “Common Stock” means
the common stock of the Company, $0.001 par value, and any other class of
securities into which such securities may hereafter be reclassified or changed
into.

       

      “Common Stock
Equivalents” means any securities of the Company or the Subsidiaries
which would entitle the holder thereof to acquire at any time Common Stock,
including, without limitation, any debt, preferred stock, rights, options,
warrants or other instrument that is at any time convertible into or exercisable
or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

       

      “Company Counsel”
means Sichenzia Ross Friedman Ference LLP, with offices located at 61 Broadway,
New York, New York 10006.

       

      “Disclosure Schedules”
means the Disclosure Schedules of the Company delivered concurrently
herewith.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      “Discussion Time”
shall have the meaning ascribed to such term in Section 3.2(f).

       

      “Escrow Agent” means
Sichenzia Ross Friedman Ference LLP, with offices located at 61 Broadway, New
York, New York 10006.

       

       “Escrow Agreement”
shall mean the Escrow Agreement in substantially the form of Exhibit D hereto
executed and delivered contemporaneously with this Agreement.

       

       “Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

      

      “First Closing Date”
means the date first written above.

       

       “First Closing Shares”
means the First Closing Subscription Amount divided by the Per Share Purchase
Price.

       

      “First Closing Subscription
Amount” shall have the meaning ascribed to such term in Section
2.1.

       

      “Fourth Closing Date”
means the date the entire sales, operational and technical transition has taken
place to effectuate the sales cycle allowing OmniReliant and the Purchaser to
operate independently on its own platform but, in any event, no later than
November 1st.

       

      “Fourth Closing
Shares” means the Fourth Closing Subscription Amount divided by the Per
Share Purchase Price.

       

      “Fourth Closing Subscription
Amount” shall have the meaning ascribed to such term in Section
2.1.

       

       “GAAP” shall have the
meaning ascribed to such term in Section 3.1(h).

       

      “Indebtedness” shall
have the meaning ascribed to such term in Section 3.1(aa).

       

       “Intellectual Property
Rights” shall have the meaning ascribed to such term in Section
3.1(o).

       

       “Legend Removal Date”
shall have the meaning ascribed to such term in Section 4.1(c).

       

      “Liens” means a lien,
charge, security interest, encumbrance, right of first refusal, preemptive right
or other restriction.

       

       “Material Adverse
Effect” shall have the meaning assigned to such term in Section
3.1(b).

       

      “Material Permits”
shall have the meaning ascribed to such term in Section 3.1(m).

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

       “Per Share Purchase
Price” equals $0.10, subject to adjustment for reverse and forward stock
splits, stock dividends, stock combinations and other similar transactions of
the Common Stock that occur after the date of this Agreement and before the
Fourth Closing Date.

       

      “Permitted
Indebtedness” means (a) the Indebtedness existing on the date hereof and
set forth on Schedule
3.1(aa) attached hereto, (b) lease obligations and purchase money
indebtedness incurred in connection with the acquisition of capital assets and
lease obligations with respect to newly acquired or leased assets and (c) any
unsecured debt incurred after the date hereof.

      “Permitted Lien” means
the individual and collective reference to the following: (a) Liens for taxes,
assessments and other governmental charges or levies not yet due or Liens for
taxes, assessments and other governmental charges or levies being contested in
good faith and by appropriate proceedings for which adequate reserves (in the
good faith judgment of the management of the Company) have been established in
accordance with GAAP; (b) Liens imposed by law which were incurred in the
ordinary course of the Company’s business, such as carriers’, warehousemen’s and
mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in
the ordinary course of the Company’s business, and which (x) do not individually
or in the aggregate materially detract from the value of such property or assets
or materially impair the use thereof in the operation of the business of the
Company and its consolidated Subsidiaries or (y) are being contested in good
faith by appropriate proceedings, which proceedings have the effect of
preventing for the foreseeable future the forfeiture or sale of the property or
asset subject to such Lien; and (c) Liens incurred in connection with Permitted
Indebtedness.

       

      “Person” means an
individual or corporation, partnership, trust, incorporated or unincorporated
association, joint venture, limited liability company, joint stock company,
government (or an agency or subdivision thereof) or other entity of any
kind.

       

       “Proceeding” means an
action, claim, suit, investigation or proceeding (including, without limitation,
an informal investigation or partial proceeding, such as a deposition), whether
commenced or threatened.

       

      “Public Information
Failure” shall have the meaning ascribed to such term in Section
4.2(b).

       

      “Public Information Failure
Payments” shall have the meaning ascribed to such term in Section
4.2(b).

       

       “Purchaser Party”
shall have the meaning ascribed to such term in Section 4.8.

       

       “Required Approvals”
shall have the meaning ascribed to such term in Section 3.1(e).

       

      “Restriction Period”
shall have the meaning ascribed to such term in Section 4.14

       

      “Rule 144” means Rule
144 promulgated by the Commission pursuant to the Securities Act, as such Rule
may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission having substantially the same effect as such
Rule.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

      “SEC Reports” shall
have the meaning ascribed to such term in Section 3.1(h).

       

       “Second Closing Date”
means the ability of Zurvita to sell advertising.

       

      “Second Closing
Shares” means the Second Closing Subscription Amount divided by the Per
Share Purchase Price.

       

       “Second Closing Subscription
Amount” shall have the meaning ascribed to such term in Section
2.1.

       

       “Securities Act” means
the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder.

       

      “Shares” means the
First Closing Shares, the Seocnd Closing Shares, the Third Closing Shares and
the Fourth Closing Shares.

       

      “Short Sales” means
all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange
Act (but shall not be deemed to include the location and/or reservation of
borrowable shares of Common Stock). 

       

       “Subscription Amount”
means collectively, the First Closing Subscription Amount, the Second Closing
Subscription Amount, the Third Closing Subscription Amount and the Fourth
Closing Subscription Amount..

       

      “Subsequent Financing”
shall have the meaning ascribed to such term in Section 4.12(a).

       

      “Subsequent Financing
Notice” shall have the meaning ascribed to such term in Section
4.12(b).

       

      “Subsidiary” means any
subsidiary of the Company as set forth on Schedule 3.1(a), and
shall, where applicable, also include any direct or indirect subsidiary of the
Company formed or acquired after the date hereof.

       

      “Support Period” shall
have the meaning ascribed to such term in Section 4.11.

       

      “Third Closing Date”
means the date October 23, 2009

       

      “Third Closing Shares”
means the Third Closing Subscription Amount divided by the Per Share Purchase
Price.

       

      “Third Closing Subscription
Amount” shall have the meaning ascribed to such term in Section
2.1.

       

       “Trading Day” means a
day on which the New York Stock Exchange is open for trading.

       

       

      
        
          
          

        

        
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      “Trading Market” means
the following markets or exchanges on which the Common Stock is listed or quoted
for trading on the date in question: the American Stock Exchange, the Nasdaq
Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the
New York Stock Exchange or the OTC Bulletin Board.

       

      “Transaction
Documents” means this Agreement, the Escrow Agreement, and any other
documents or agreements executed in connection with the transactions
contemplated hereunder.

       

      “Transfer Agent” means
TranShare  the current transfer agent of the Company, with a mailing
address of 5105 DTC Parkway Suite 325 Greenwood Village, CO 80111and a facsimile
number of (303) 662-1113, and any successor transfer agent of the
Company.

       

      “Variable Rate
Transaction” shall have the meaning ascribed to such term in Section
4.13(b).

       

       “VWAP” means, for any
date, the price determined by the first of the following clauses that applies:
(a) if the Common Stock is then listed or quoted on a Trading Market, the daily
volume weighted average price of the Common Stock for such date (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed
or quoted for trading as reported by Bloomberg L.P. (based on a Trading Day from
9:30 a.m. (New York City time) to 4:02 p.m. (New York City time); (b)  if
the OTC Bulletin Board is not a Trading Market, the volume weighted average
price of the Common Stock for such date (or the nearest preceding date) on the
OTC Bulletin Board; (c) if the Common Stock is not then listed or quoted for
trading on the OTC Bulletin Board and if prices for the Common Stock are then
reported in the “Pink Sheets” published by Pink Sheets, LLC (or a similar
organization or agency succeeding to its functions of reporting prices), the
most recent bid price per share of the Common Stock so reported; or (d) in
all other cases, the fair market value of a share of Common Stock as determined
by an independent appraiser selected in good faith by the Purchasers of a
majority in interest of the Shares then outstanding and reasonably acceptable to
the Company, the fees and expenses of which shall be paid by the
Company.

       

      ARTICLE
II.

       

      PURCHASE
AND SALE

       

      2.1 Closing.  On
the First Closing Date, upon the terms and subject to the conditions set forth
herein, substantially concurrent with the execution and delivery of this
Agreement by the parties hereto, the Company agrees to sell, and the Purchaser
agrees to purchase, up to an aggregate of Three Hundred Thousand Dollars
$300,000 (the “First
Closing Subscription Amount”) of Shares.  The Company and the
Purchaser hereby acknowledge that funds equal to the First Closing Subscription
Amount have previously been advanced on behalf of the Purchaser to the Company
and on the First Closing Date, the Company shall deliver to the Purchaser its
First Closing Shares, and the Company and the Purchaser shall deliver the other
items set forth in Section 2.2 deliverable at the First Closing.  Upon
satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3,
the First Closing shall occur at the offices of Company Counsel or such other
location as the parties shall mutually agree.  On the Second Closing
Date, upon the terms and subject to the conditions set forth herein, the Company
agrees to sell, and the Purchaser agrees to purchase, up to an aggregate of Two
Hundred Thousand Dollars $200,000 (the “Second Closing Subscription
Amount”) of Shares.  The Purchaser shall deliver to the Company
via wire transfer or a certified check immediately available funds equal to the
Second Closing Subscription Amount and the Company shall deliver to the
Purchaser the Second Closing Shares.  Upon satisfaction of the
covenants and conditions set forth in Sections 2.2 and 2.3, the Second Closing
shall occur at the offices of Company Counsel or such other location as the
parties shall mutually agree.  On the Third Closing Date, upon the
terms and subject to the conditions set forth herein, the Company agrees to
sell, and the Purchaser agrees to purchase, up to an aggregate of One Hundred
Thousand Dollars $100,000 (the “Third Closing Subscription
Amount”)of Shares.  The Purchaser shall deliver to the Company
via wire transfer or a certified check immediately available funds equal to the
Third Closing Subscription Amount and the Company shall deliver to the Purchaser
the Third Closing Shares.  Upon satisfaction of the covenants and
conditions set forth in Sections 2.2 and 2.3, the Third Closing shall occur at
the offices of Company Counsel or such other location as the parties shall
mutually agree.  On the Fourth Closing Date, upon the terms and
subject to the conditions set forth herein, the Company agrees to sell, and the
Purchaser agrees to purchase, up to an aggregate of One Hundred Thousand Dollars
$200,000 (the “Fourth
Closing Subscription Amount”)of Shares.  The Purchaser shall
deliver to the Company via wire transfer or a certified check immediately
available funds equal to the Fourth Closing Subscription Amount and the Company
shall deliver to the Purchaser the Fourth Closing Shares.  Upon
satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3,
the Third Closing shall occur at the offices of Company Counsel or such other
location as the parties shall mutually agree.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      2.2 Deliveries.

       

      (a) On or
prior to the First Closing Date, the Company shall deliver or cause to be
delivered to the Escrow Agent with respect to each Purchaser the
following:

       

      (i) this
Agreement duly executed by the Company;

       

      (ii) waivers
duly executed by each of the parties identified on Schedule
2.2(a)(ii);

       

      (iii) a copy of
the irrevocable instructions to the Transfer Agent instructing the Transfer
Agent to deliver, on an expedited basis, a certificate evidencing the First
Closing Shares, registered in the name of the Purchaser;

       

      (iv) a copy of
the irrevocable instructions to the Transfer Agent instructing the Transfer
Agent to deliver, on an expedited basis, a certificate evidencing the Second
Closing Shares, registered in the name of the Purchaser, which instructions
shall be held in escrow by the Escrow Agent until the Second Closing, pursuant
to the terms of the Escrow Agreement;

       

      (v) a copy of
the irrevocable instructions to the Transfer Agent instructing the Transfer
Agent to deliver, on an expedited basis, a certificate evidencing the Third
Closing Shares, registered in the name of the Purchaser, which instructions
shall be held in escrow by the Escrow Agent until the Third Closing, pursuant to
the terms of the Escrow Agreement;

       

      
        
          
          

        

        
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      (vi) a copy of
the irrevocable instructions to the Transfer Agent instructing the Transfer
Agent to deliver, on an expedited basis, a certificate evidencing the Fourth
Closing Shares, registered in the name of the Purchaser, which instructions
shall be held in escrow by the Escrow Agent until the Fourth Closing, pursuant
to the terms of the Escrow Agreement; and

       

      (vii) the
Escrow Agreement duly executed by the Company.

       

      (b) On or
prior to the First Closing Date, the Purchaser shall deliver or cause to be
delivered to the Escrow Agent the following:

       

      (i) this
Agreement duly executed by the Purchaser;

       

      (ii) the
Escrow Agreement duly executed by the Purchaser; and

       

      (iii) the
Purchaser’s First Closing Subscription Amount by wire transfer to the Escrow
Agent.

       

      (c) On or
prior to the Second Closing Date, the Purchaser shall deliver or cause to be
delivered to the Escrow Agent the Purchaser’s Second Closing Subscription Amount
by wire transfer to the Escrow Agent.

       

      (d) On or
prior to the Third Closing Date, the Purchaser shall deliver or cause to be
delivered to the Escrow Agent the Purchaser’s Third Closing Subscription Amount
by wire transfer to the Escrow Agent.

       

      (e) On or
prior to the Fourth Closing Date, the Purchaser shall deliver or cause to be
delivered to the Escrow Agent the Purchaser’s Fourth Closing Subscription Amount
by wire transfer to the Escrow Agent.

       

      2.3 Closing
Conditions.

       

      (a)           The
obligations of the Company hereunder in connection with each of the the Closings
are subject to the following conditions being met:

       

      (i) the
accuracy in all material respects when made and on each of the Closing Dates of
the representations and warranties of the Purchaser contained
herein;

       

      (ii) all
obligations, covenants and agreements of the Purchaser required to be performed
at or prior to each of the Closing Dates have been performed; and

       

      (iii) the
delivery by the Purchaser of the items set forth in Section 2.2(b), 2.2(c),
2.2(d), and 2.2(e)  of this Agreement.

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      (b) The
respective obligations of the Purchaser hereunder in connection with each of the
Closings are subject to the following conditions being met:

       

      (i) the
transactions contemplated by the Asset Purchase Agreement shall have been
consummated;

       

      (ii) the
Purchaser shall have entered into the License Agreement with
OmniReliant;

       

      (iii) the
accuracy in all material respects on each of the Closing Dates of the
representations and warranties of the Company contained herein;

       

      (iv) all
obligations, covenants and agreements of the Company required to be performed at
or prior to each of the Closing Dates shall have been performed;

       

      (v) the
delivery by the Company of the items set forth in Section 2.2(a) of this
Agreement;

       

      (vi) as of
each of the Closing Dates, the Company shall have performed its obligations
under Section 4.11 of this Agreement;

       

      (vii) as of
each of the Closing Dates, no event shall be in effect that materially and
adversely effects the (i) legality, validity or enforceability of any
Transaction Document, or (ii) the Company’s ability to perform in any material
respect on a timely basis its obligations under any Transaction Document;
andfrom the date hereof to each of the Closing Dates, trading in the Common
Stock shall not have been suspended by the Commission or the Company’s principal
Trading Market (except for any suspension of trading of limited duration agreed
to by the Company, which suspension shall be terminated prior to the Closing),
and, at any time prior to each of the Closing Dates, trading in securities
generally as reported by Bloomberg L.P. shall not have been suspended or
limited, or minimum prices shall not have been established on securities whose
trades are reported by such service, or on any Trading Market, nor shall a
banking moratorium have been declared either by the United States or New York
State authorities nor shall there have occurred any material outbreak or
escalation of hostilities or other national or international calamity of such
magnitude in its effect on, or any material adverse change in, any financial
market which, in each case, in the reasonable judgment of the Purchaser, makes
it impracticable or inadvisable to purchase the Shares at each of the
Closings.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      ARTICLE
III.

       

      REPRESENTATIONS
AND WARRANTIES

       

      3.1 Representations and
Warranties of the Company. Except as set forth in the Disclosure
Schedules, which Disclosure Schedules shall be deemed a part hereof and shall
qualify any representation or otherwise made herein to the extent of the
disclosure contained in the corresponding section of the Disclosure Schedules,
the Company hereby makes the following representations and warranties to each
Purchaser:

       

      (a) Subsidiaries.  All
of the direct and indirect subsidiaries of the Company are set forth on Schedule
3.1(a).  The Company owns, directly or indirectly, all of the
capital stock or other equity interests of each Subsidiary free and clear of any
Liens, and all of the issued and outstanding shares of capital stock of each
Subsidiary are validly issued and are fully paid, non-assessable and free of
preemptive and similar rights to subscribe for or purchase
securities.  If the Company has no subsidiaries, then all other
references to the Subsidiaries or any of them in the Transaction Documents shall
be disregarded.

       

      (b) Organization and
Qualification.  The Company and each of the Subsidiaries is an
entity duly incorporated or otherwise organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation or
organization, with the requisite power and authority to own and use its
properties and assets and to carry on its business as currently
conducted.  Neither the Company nor any Subsidiary is in violation nor
default of any of the provisions of its respective certificate or articles of
incorporation, bylaws or other organizational or charter
documents.  Each of the Company and the Subsidiaries is duly qualified
to conduct business and is in good standing as a foreign corporation or other
entity in each jurisdiction in which the nature of the business conducted or
property owned by it makes such qualification necessary, except where the
failure to be so qualified or in good standing, as the case may be, could not
have or reasonably be expected. to result in: (i) a material adverse effect on
the legality, validity or enforceability of any Transaction Document, (ii) a
material adverse effect on the results of operations, assets, business,
prospects or condition (financial or otherwise) of the Company and the
Subsidiaries, taken as a whole, or (iii) a material adverse effect on the
Company’s ability to perform in any material respect on a timely basis its
obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse
Effect”) and no Proceeding has been instituted in any such jurisdiction
revoking, limiting or curtailing or seeking to revoke, limit or curtail such
power and authority or qualification.

       

      (c) Authorization;
Enforcement.  The Company has the requisite corporate power and
authority to enter into and to consummate the transactions contemplated by each
of the Transaction Documents and otherwise to carry out its obligations
hereunder and thereunder.  The execution and delivery of each of the
Transaction Documents by the Company and the consummation by it of the
transactions contemplated hereby and thereby have been duly authorized by all
necessary action on the part of the Company and no further action is required by
the Company, the Board of Directors or the Company’s stockholders in connection
therewith other than in connection with the Required Approvals.  Each
Transaction Document to which it is a party has been (or upon delivery will have
been) duly executed by the Company and, when delivered in accordance with the
terms hereof and thereof, will constitute the valid and binding obligation of
the Company enforceable against the Company in accordance with its terms, except: (i)
as limited by general equitable principles and applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws
relating to the availability of specific performance, injunctive relief or other
equitable remedies and (iii) insofar as indemnification and contribution
provisions may be limited by applicable law.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      (d) No
Conflicts.  The execution, delivery and performance by the
Company of the Transaction Documents, the issuance and sale of the Securities
and the consummation by it to which it is a party of the other transactions
contemplated hereby and thereby do not and will not: (i) conflict with or
violate any provision of the Company’s or any Subsidiary’s certificate or
articles of incorporation, bylaws or other organizational or charter documents,
(ii) conflict with, or constitute a default (or an event that with notice or
lapse of time or both would become a default) under, result in the creation of
any Lien upon any of the properties or assets of the Company or any Subsidiary,
or give to others any rights of termination, amendment, acceleration or
cancellation (with or without notice, lapse of time or both) of, any agreement,
credit facility, debt or other instrument (evidencing a Company or Subsidiary
debt or otherwise) or other understanding to which the Company or any Subsidiary
is a party or by which any property or asset of the Company or any Subsidiary is
bound or affected, or (iii) subject to the Required Approvals, conflict with or
result in a violation of any law, rule, regulation, order, judgment, injunction,
decree or other restriction of any court or governmental authority to which the
Company or a Subsidiary is subject (including federal and state securities laws
and regulations), or by which any property or asset of the Company or a
Subsidiary is bound or affected; except in the case of each of clauses (ii) and
(iii), such as could not have or reasonably be expected to result in a Material
Adverse Effect.

       

      (e) Filings, Consents and
Approvals.  The Company is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other
governmental authority or other Person in connection with the execution,
delivery and performance by the Company of the Transaction Documents, other
than: (i) the filings required pursuant to Section 4.4 of this Agreement, (ii)
the notice and/or application(s) to each applicable Trading Market for the
issuance and sale of the Securities and the listing of the Securities for
trading thereon in the time and manner required thereby, and (iii) the filing of
Form D with the Commission and such filings as are required to be made under
applicable state securities laws (collectively, the “Required
Approvals”).

       

      (f) Issuance of the
Shares.  The Shares are duly authorized and, when issued and
paid for in accordance with the applicable Transaction Documents, will be duly
and validly issued, fully paid and nonassessable, free and clear of all Liens
imposed by the Company other than restrictions on transfer provided for in the
Transaction Documents.  The Company has reserved from its duly
authorized capital stock the maximum number of shares of Common Stock issuable
pursuant to this Agreement.

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

         

      

      (g) Capitalization.  The
capitalization of the Company is as set forth on Schedule 3.1(g),
which Schedule
3.1(g) shall also include the number of shares of Common Stock owned
beneficially, and of record, by Affiliates of the Company as of the date hereof.
The Company has issued capital stock since its most recently filed periodic
report under the Exchange Act, which is reflected in schedule
3.1(g)  All of the outstanding shares of capital stock of the Company
are validly issued, fully paid and nonassessable, have been issued in compliance
with all federal and state securities laws, and none of such outstanding shares
was issued in violation of any preemptive rights or similar rights to subscribe
for or purchase securities.  No further approval or authorization of
any stockholder, the Board of Directors or others is required for the issuance
and sale of the Securities.  There are no stockholders agreements,
voting agreements or other similar agreements with respect to the Company’s
capital stock to which the Company is a party or, to the knowledge of the
Company, between or among any of the Company’s stockholders.

       

      (h) SEC Reports; Financial
Statements.  Except as set forth on Schedule 3.1(h), the
Company has filed all reports, schedules, forms, statements and other documents
required to be filed by the Company under the Securities Act and the Exchange
Act, including pursuant to Section 13(a) or 15(d) thereof, for the two years
preceding the date hereof (or such shorter period as the Company was required by
law or regulation to file such material) (the foregoing materials, including the
exhibits thereto and documents incorporated by reference therein, being
collectively referred to herein as the “SEC Reports”) on a
timely basis or has received a valid extension of such time of filing and has
filed any such SEC Reports prior to the expiration of any such
extension.  As of their respective dates, the SEC Reports complied in
all material respects with the requirements of the Securities Act and the
Exchange Act, as applicable, and none of the SEC Reports, when filed, contained
any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.  Except as set forth on Schedule 3.1(h), the
Company has never been an issuer subject to Rule 144(i) under the Securities
Act. The financial statements of the Company included in the SEC Reports comply
in all material respects with applicable accounting requirements and the rules
and regulations of the Commission with respect thereto as in effect at the time
of filing.  Such financial statements have been prepared in accordance
with United States generally accepted accounting principles applied on a
consistent basis during the periods involved (“GAAP”), except as may
be otherwise specified in such financial statements or the notes thereto and
except that unaudited financial statements may not contain all footnotes
required by GAAP, and fairly present in all material respects the financial
position of the Company and its consolidated Subsidiaries as of and for the
dates thereof and the results of operations and cash flows for the periods then
ended, subject, in the case of unaudited statements, to normal, immaterial,
year-end audit adjustments.

       

      (i) Material Changes;
Undisclosed Events, Liabilities or Developments.  Since the
date of the latest audited financial statements included within the SEC Reports,
except as specifically disclosed in a subsequent SEC Report filed prior to the
date hereof: (i) there has been no event, occurrence or development that has had
or that could reasonably be expected to result in a Material Adverse Effect,
(ii) the Company has not incurred any liabilities (contingent or otherwise)
other than (A) trade payables and accrued expenses incurred in the ordinary
course of business consistent with past practice and (B) liabilities not
required to be reflected in the Company’s financial statements pursuant to GAAP
or disclosed in filings made with the Commission, (iii) the Company has not
altered its method of accounting, (iv) the Company has not declared or made any
dividend or distribution of cash or other property to its stockholders or
purchased, redeemed or made any agreements to purchase or redeem any shares of
its capital stock and (v) the Company has not issued any equity securities to
any officer, director or Affiliate, except pursuant to existing Company stock
option plans.  The Company does not have pending before the Commission
any request for confidential treatment of information.  Except for the
issuance of the Securities contemplated by this Agreement or as set forth on
Schedule
3.1(i), no event, liability or development has occurred or exists with
respect to the Company or its Subsidiaries or their respective business,
properties, operations or financial condition, that would be required to be
disclosed by the Company under applicable securities laws at the time this
representation is made or deemed made that has not been publicly disclosed at
least 1 Trading Day prior to the date that this representation is
made.

       

      
        
          
          

        

        
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      (j) Litigation.  There
is no action, suit, inquiry, notice of violation, proceeding or investigation
pending or, to the knowledge of the Company, threatened against or affecting the
Company, any Subsidiary or any of their respective properties before or by any
court, arbitrator, governmental or administrative agency or regulatory authority
(federal, state, county, local or foreign) (collectively, an “Action”) which (i)
adversely affects or challenges the legality, validity or enforceability of any
of the Transaction Documents or the Securities or (ii) could, if there were an
unfavorable decision, have or reasonably be expected to result in a Material
Adverse Effect.  Neither the Company nor any Subsidiary, nor any
director or officer thereof, is or has been the subject of any Action involving
a claim of violation of or liability under federal or state securities laws or a
claim of breach of fiduciary duty.  There has not been, and to the
knowledge of the Company, there is not pending or contemplated, any
investigation by the Commission involving the Company or any current or former
director or officer of the Company.  The Commission has not issued any
stop order or other order suspending the effectiveness of any registration
statement filed by the Company or any Subsidiary under the Exchange Act or the
Securities Act.

       

      (k) Compliance.  Neither
the Company nor any Subsidiary: (i) is in default under or in violation of (and
no event has occurred that has not been waived that, with notice or lapse of
time or both, would result in a default by the Company or any Subsidiary under),
nor has the Company or any Subsidiary received notice of a claim that it is in
default under or that it is in violation of, any indenture, loan or credit
agreement or any other agreement or instrument to which it is a party or by
which it or any of its properties is bound (whether or not such default or
violation has been waived), (ii) is in violation of any order of any court,
arbitrator or governmental body or (iii) is or has been in violation of any
statute, rule or regulation of any governmental authority, including without
limitation all foreign, federal, state and local laws applicable to its business
and all such laws that affect the environment, except in each case as could not
have or reasonably be expected to result in a Material Adverse
Effect.

       

      (l) Regulatory
Permits.  The Company and the Subsidiaries possess all
certificates, authorizations and permits issued by the appropriate federal,
state, local or foreign regulatory authorities necessary to conduct their
respective businesses as described in the SEC Reports, except where the failure
to possess such permits could not reasonably be expected to result in a Material
Adverse Effect (“Material Permits”),
and neither the Company nor any Subsidiary has received any notice of
proceedings relating to the revocation or modification of any Material
Permit.

       

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      (m) Title to
Assets.  The Company and the Subsidiaries have good and
marketable title in fee simple to all real property owned by them and good and
marketable title in all personal property owned by them that is material to the
business of the Company and the Subsidiaries, in each case free and clear of all
Liens, except for Liens as do not materially affect the value of such property
and do not materially interfere with the use made and proposed to be made of
such property by the Company and the Subsidiaries and Liens for the payment of
federal, state or other taxes, the payment of which is neither delinquent nor
subject to penalties.  Any real property and facilities held under
lease by the Company and the Subsidiaries are held by them under valid,
subsisting and enforceable leases with which the Company and the Subsidiaries
are in compliance.

       

      (n) Patents and
Trademarks.  The Company and the Subsidiaries have, or have
rights to use, all patents, patent applications, trademarks, trademark
applications, service marks, trade names, trade secrets, inventions, copyrights,
licenses and other intellectual property rights and similar rights as described
in the SEC Reports as necessary or material for use in connection with their
respective businesses and which the failure to so have could have a Material
Adverse Effect (collectively, the “Intellectual Property
Rights”).  Neither the Company nor any Subsidiary has received
a notice (written or otherwise) that any of the Intellectual Property Rights
used by the Company or any Subsidiary violates or infringes upon the rights of
any Person.  To the knowledge of the Company, all such Intellectual
Property Rights are enforceable and there is no existing infringement by another
Person of any of the Intellectual Property Rights.  The Company and
its Subsidiaries have taken reasonable security measures to protect the secrecy,
confidentiality and value of all of their intellectual properties, except where
failure to do so could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.

       

      (o) Insurance.  The
Company and the Subsidiaries are insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts as are prudent
and customary in the businesses in which the Company and the Subsidiaries are
engaged, including, but not limited to, directors and officers insurance
coverage at least equal to the aggregate Subscription Amount.  Neither
the Company nor any Subsidiary has any reason to believe that it will not be
able to renew its existing insurance coverage as and when such coverage expires
or to obtain similar coverage from similar insurers as may be necessary to
continue its business without a significant increase in cost.

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      (p) Transactions With Affiliates
and Employees.  Except as set forth in the SEC Reports, none of
the officers or directors of the Company and, to the knowledge of the Company,
none of the employees of the Company is presently a party to any transaction
with the Company or any Subsidiary (other than for services as employees,
officers and directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real
or personal property to or from, or otherwise requiring payments to or from any
officer, director or such employee or, to the knowledge of the Company, any
entity in which any officer, director, or any such employee has a substantial
interest or is an officer, director, trustee or partner, in each case in excess
of $120,000 other than for: (i) payment of salary or consulting fees for
services rendered, (ii) reimbursement for expenses incurred on behalf of the
Company and (iii) other employee benefits, including stock option agreements
under any stock option plan of the Company.

       

      (q) Sarbanes-Oxley; Internal
Accounting Controls.  The Company is in material compliance
with all provisions of the Sarbanes-Oxley Act of 2002 which are applicable to it
as of the Closing Date.  The Company and the Subsidiaries maintain a
system of internal accounting controls sufficient to provide reasonable
assurance that: (i) transactions are executed in accordance with management’s
general or specific authorizations, (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with GAAP and to
maintain asset accountability, (iii) access to assets is permitted only in
accordance with management’s general or specific authorization, and (iv) the
recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any
differences. The Company has established disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and
designed such disclosure controls and procedures to ensure that information
required to be disclosed by the Company in the reports it files or submits under
the Exchange Act is recorded, processed, summarized and reported, within the
time periods specified in the Commission’s rules and forms.  The
Company’s certifying officers have evaluated the effectiveness of the Company’s
disclosure controls and procedures as of the end of the period covered by the
Company’s most recently filed periodic report under the Exchange Act (such date,
the “Evaluation
Date”).  The Company presented in its most recently filed
periodic report under the Exchange Act the conclusions of the certifying
officers about the effectiveness of the disclosure controls and procedures based
on their evaluations as of the Evaluation Date.  Since the Evaluation
Date, there have been no changes in the Company’s internal control over
financial reporting (as such term is defined in the Exchange Act) that has
materially affected, or is reasonably likely to materially affect, the Company’s
internal control over financial reporting.

       

      (r) Certain
Fees.  No brokerage or finder’s fees or commissions are or will
be payable by the Company to any broker, financial advisor or consultant,
finder, placement agent, investment banker, bank or other Person with respect to
the transactions contemplated by the Transaction Documents.  The
Purchasers shall have no obligation with respect to any fees or with respect to
any claims made by or on behalf of other Persons for fees of a type contemplated
in this Section that may be due in connection with the transactions contemplated
by the Transaction Documents.

       

      
        
          
          

        

        
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      (s) Private Placement.
Assuming the accuracy of the Purchasers representations and warranties set forth
in Section 3.2, no registration under the Securities Act is required for the
offer and sale of the Securities by the Company to the Purchasers as
contemplated hereby. The issuance and sale of the Securities hereunder does not
contravene the rules and regulations of the Trading Market.

       

      (t) Investment Company.
The Company is not, and is not an Affiliate of, and immediately after receipt of
payment for the Securities, will not be or be an Affiliate of, an “investment
company” within the meaning of the Investment Company Act of 1940, as
amended.  The Company shall conduct its business in a manner so that
it will not become subject to the Investment Company Act of 1940, as
amended.

       

      (u) Registration
Rights.  Except as set forth in Schedule 3.1(v), no
Person has any right to cause the Company to effect the registration under the
Securities Act of any securities of the Company accept as previously disclosed
in the Company’s SEC filings.

       

      (v) Listing and Maintenance
Requirements.  The Common Stock is registered pursuant to
Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action
designed to, or which to its knowledge is likely to have the effect of,
terminating the registration of the Common Stock under the Exchange Act nor has
the Company received any notification that the Commission is contemplating
terminating such registration.  The Company has not, in the 12 months
preceding the date hereof, received notice from any Trading Market on which the
Common Stock is or has been listed or quoted to the effect that the Company is
not in compliance with the listing or maintenance requirements of such Trading
Market. The Company is, and has no reason to believe that it will not in the
foreseeable future continue to be, in compliance with all such listing and
maintenance requirements.

       

      (w) Application of Takeover
Protections.  The Company and the Board of Directors have taken
all necessary action, if any, in order to render inapplicable any control share
acquisition, business combination, poison pill (including any distribution under
a rights agreement) or other similar anti-takeover provision under the Company’s
certificate of incorporation (or similar charter documents) or the laws of its
state of incorporation that is or could become applicable to the Purchasers as a
result of the Purchasers and the Company fulfilling their obligations or
exercising their rights under the Transaction Documents, including without
limitation as a result of the Company’s issuance of the Securities and the
Purchasers’ ownership of the Securities.

       

      
        
          
          

        

        
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      (x) Disclosure.  Except
with respect to the material terms and conditions of the transactions
contemplated by the Transaction Documents, the Company confirms that neither it
nor any other Person acting on its behalf has provided any of the Purchasers or
their agents or counsel with any information that it believes constitutes or
might constitute material, non-public information.   The Company
understands and confirms that the Purchasers will rely on the foregoing
representation in effecting transactions in securities of the
Company.  All disclosure furnished by or on behalf of the Company to
the Purchasers regarding the Company, its business and the transactions
contemplated hereby, including the Disclosure Schedules to this Agreement, is
true and correct and does not contain any untrue statement of a material fact or
omit to state any material fact necessary in order to make the statements made
therein, in light of the circumstances under which they were made, not
misleading. The press releases disseminated by the Company during the twelve
months preceding the date of this Agreement taken as a whole do not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made and when made, not
misleading.  The Company acknowledges and agrees that no Purchaser
makes or has made any representations or warranties with respect to the
transactions contemplated hereby other than those specifically set forth in
Section 3.2 hereof.

       

      (y) No Integrated
Offering. Assuming the accuracy of the Purchasers’ representations and
warranties set forth in Section 3.2, neither the Company, nor any of its
Affiliates, nor any Person acting on its or their behalf has, directly or
indirectly, made any offers or sales of any security or solicited any offers to
buy any security, under circumstances that would cause this offering of the
Shares to be integrated with prior offerings by the Company for purposes of (i)
the Securities Act which would require the registration of any such securities
under the Securities Act, or (ii) any applicable shareholder approval provisions
of any Trading Market on which any of the securities of the Company are listed
or designated.

       

      (z) Tax
Status.  Except for matters that would not, individually or in
the aggregate, have or reasonably be expected to result in a Material Adverse
Effect, the Company and each Subsidiary has filed all necessary federal, state
and foreign income and franchise tax returns and has paid or accrued all taxes
shown as due thereon, and the Company has no knowledge of a tax deficiency which
has been asserted or threatened against the Company or any
Subsidiary.

       

      (aa) No General
Solicitation.  Neither the Company nor any person acting on
behalf of the Company has offered or sold any of the Securities by any form of
general solicitation or general advertising.  The Company has offered
the Securities for sale only to the Purchasers and certain other “accredited
investors” within the meaning of Rule 501 under the Securities Act.

       

      (bb) Foreign Corrupt
Practices.  Neither the Company, nor to the knowledge of the
Company, any agent or other person acting on behalf of the Company, has: (i)
directly or indirectly, used any funds for unlawful contributions, gifts,
entertainment or other unlawful expenses related to foreign or domestic
political activity, (ii) made any unlawful payment to foreign or domestic
government officials or employees or to any foreign or domestic political
parties or campaigns from corporate funds, (iii) failed to disclose fully any
contribution made by the Company (or made by any person acting on its behalf of
which the Company is aware) which is in violation of law or (iv) violated in any
material respect any provision of the Foreign Corrupt Practices Act of 1977, as
amended.

       

      
        
          
          

        

        
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      (cc) Accountants.  The
Company’s accounting firm is set forth on Schedule 3.1(ee) of
the Disclosure Schedules.  To the knowledge and belief of the Company,
such accounting firm: (i) is a registered public accounting firm as required by
the Exchange Act and (ii) shall express its opinion with respect to the
financial statements to be included in the Company’s Annual Report for the year
ending December 31, 2009.

       

      (dd) No Disagreements with
Accountants and
Lawyers.                                                                                                There
are no disagreements of any kind presently existing, or reasonably anticipated
by the Company to arise, between the Company and the accountants and lawyers
formerly or presently employed by the Company which could affect the Company’s
ability to perform any of its obligations under any of the Transaction
Documents, and the Company is current with respect to any fees owed to its
accountants and lawyers.

       

      (ee)  Acknowledgment Regarding
Purchaser’s Purchase of Shares.  The Company acknowledges and
agrees that the Purchaser is acting solely in the capacity of an arm’s length
purchaser with respect to the Transaction Documents and the transactions
contemplated thereby.  The Company further acknowledges that the
Purchaser is not acting as a financial advisor or fiduciary of the Company (or
in any similar capacity) with respect to the Transaction Documents and the
transactions contemplated thereby and any advice given by the Purchaser or any
of the Purchasser’s representatives or agents in connection with the Transaction
Documents and the transactions contemplated thereby is merely incidental to the
Purchaser’s purchase of the Shares.  The Company further represents to
the Purchaser that the Company’s decision to enter into this Agreement and the
other Transaction Documents has been based solely on the independent evaluation
of the transactions contemplated hereby by the Company and its
representatives.

       

      (ff) Acknowledgment
Regarding Purchaser’s Trading Activity.  Anything in this Agreement or elsewhere
herein to the contrary notwithstanding (except for Sections 3.2(f) and 4.15
hereof), it is understood and acknowledged by the Company that: (i) the
Purchaser has not been asked to agree by the Company, nor has the Purchaser
agreed, to desist from purchasing or selling, long and/or short, securities of
the Company, or “derivative” securities based on securities issued by the
Company or to hold the Shares for any specified term, (ii) past or future open
market or other transactions by any Purchaser, specifically including, without
limitation, Short Sales or “derivative” transactions, before or after the
closing of this or future private placement transactions, may negatively impact
the market price of the Company’s publicly-traded securities, (iii) the
Purchaser, and counter-parties in “derivative” transactions to which the
Purchaser is a party, directly or indirectly, may presently have a “short”
position in the Common Stock and (iv) the Purchaser shall not be deemed to have
any affiliation with or control over any arm’s length counter-party in any
“derivative” transaction.

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

       

      (gg) Regulation M
Compliance.  The Company has not, and to its knowledge no one acting
on its behalf has, (i) taken, directly or indirectly, any action designed to
cause or to result in the stabilization or manipulation of the price of any
security of the Company to facilitate the sale or resale of any of the Shares,
(ii) sold, bid for, purchased, or, paid any compensation for soliciting
purchases of, any of the securities of the Company, or (iii) paid or agreed to
pay to any Person any compensation for soliciting another to purchase any other
securities of the Company, other than, in the case of clauses (ii) and (iii),
compensation paid to the Company’s placement agent in connection with the
placement of the Shares.

       

      (hh) Stock Option Plans.
Each stock option granted by the Company under the Company’s stock option plan
was granted (i) in accordance with the terms of the Company’s stock option plan
and (ii) with an exercise price at least equal to the fair market value of the
Common Stock on the date such stock option would be considered granted under
GAAP and applicable law. No stock option granted under the Company’s stock
option plan has been backdated.  The Company has not knowingly
granted, and there is no and has been no Company policy or practice to knowingly
grant, stock options prior to, or otherwise knowingly coordinate the grant of
stock options with, the release or other public announcement of material
information regarding the Company or its Subsidiaries or their financial results
or prospects.

       

      3.2 Representations and
Warranties of the Purchasers.  Each Purchaser, for itself and
for no other Purchaser, hereby represents and warrants as of the date hereof and
as of each of the Closing Dates to the Company as follows:

       

      (a) Organization;
Authority.  Such Purchaser is an entity duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization with full right, corporate or partnership power and authority to
enter into and to consummate the transactions contemplated by the Transaction
Documents and otherwise to carry out its obligations hereunder and thereunder.
The execution and delivery of the Transaction Documents and performance by such
Purchaser of the transactions contemplated by the Transaction Documents have
been duly authorized by all necessary corporate or similar action on the part of
such Purchaser.  Each Transaction Document to which it is a party has
been duly executed by such Purchaser, and when delivered by such Purchaser in
accordance with the terms hereof, will constitute the valid and legally binding
obligation of such Purchaser, enforceable against it in accordance with its
terms, except: (i) as limited by general equitable principles and applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies and (iii) insofar as indemnification and
contribution provisions may be limited by applicable law.

       

      (b) Own
Account.  Such Purchaser understands that the Shares are
“restricted securities” and have not been registered under the Securities Act or
any applicable state securities law and is acquiring the Shares as principal for
its own account and not with a view to or for distributing or reselling such
Shares or any part thereof in violation of the Securities Act or any applicable
state securities law, has no present intention of distributing any of such
Shares in violation of the Securities Act or any applicable state securities law
and has no direct or indirect arrangement or understandings with any other
persons to distribute or regarding the distribution of such Shares (this
representation and warranty not limiting such Purchaser’s right to sell the
Shares in compliance with applicable federal and state securities laws) in
violation of the Securities Act or any applicable state securities
law.  Such Purchaser is acquiring the Shares hereunder in the ordinary
course of its business.

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

       

       

      (c) Purchaser
Status.  At the time such Purchaser was offered the Shares, it
was, and as of the date hereof it is, either: (i) an “accredited investor” as
defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities
Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under
the Securities Act.  Such Purchaser is not required to be registered
as a broker-dealer under Section 15 of the Exchange Act.

       

      (d) Experience of Such
Purchaser.  Such Purchaser, either alone or together with its
representatives, has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of
the prospective investment in the Shares, and has so evaluated the merits and
risks of such investment.  Such Purchaser is able to bear the economic
risk of an investment in the Shares and, at the present time, is able to afford
a complete loss of such investment.

       

      (e) General
Solicitation.  Such Purchaser is not purchasing the Shares as a
result of any advertisement, article, notice or other communication regarding
the Shares published in any newspaper, magazine or similar media or broadcast
over television or radio or presented at any seminar or any other general
solicitation or general advertisement.

       

      (f) Short Sales and
Confidentiality Prior To The Date Hereof.  Other than
consummating the transactions contemplated hereunder, such Purchaser has not,
nor has any Person acting on behalf of or pursuant to any understanding with
such Purchaser, directly or indirectly executed any purchases or sales,
including Short Sales, of the securities of the Company during the period
commencing from the time that such Purchaser first received a term sheet
(written or oral) from the Company or any other Person representing the Company
setting forth the material terms of the transactions contemplated hereunder
until the date hereof (“Discussion Time”).  Notwithstanding
the foregoing, in the case of a Purchaser that is a multi-managed investment
vehicle whereby separate portfolio managers manage separate portions of such
Purchaser’s assets and the portfolio managers have no direct knowledge of the
investment decisions made by the portfolio managers managing other portions of
such Purchaser’s assets, the representation set forth above shall only apply
with respect to the portion of assets managed by the portfolio manager that made
the investment decision to purchase the Shares covered by this
Agreement.  Other than to other Persons party to this Agreement, such
Purchaser has maintained the confidentiality of all disclosures made to it in
connection with this transaction (including the existence and terms of this
transaction).

       

      ARTICLE
IV.

       

      OTHER
AGREEMENTS OF THE PARTIES

       

      4.1 Transfer
Restrictions.

       

      (a) The
Shares may only be disposed of in compliance with state and federal securities
laws.  In connection with any transfer of Shares other than pursuant
to an effective registration statement or Rule 144, to the Company or to an
Affiliate of a Purchaser or in connection with a pledge as contemplated in
Section 4.1(b), the Company may require the transferor thereof to provide to the
Company an opinion of counsel selected by the transferor and reasonably
acceptable to the Company, the form and substance of which opinion shall be
reasonably satisfactory to the Company, to the effect that such transfer does
not require registration of such transferred Shares under the Securities
Act.  As a condition of transfer, any such transferee shall agree in
writing to be bound by the terms of this Agreement and shall have the rights of
a Purchaser under this Agreement.

       

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

         

      

      (b) The
Purchasers agree to the imprinting, so long as is required by this Section 4.1,
of a legend on any of the Shares in the following form:

       

      THIS
SECURITY HAS NOT BEEN  REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO
THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE COMPANY.  THIS SECURITY MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN
WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE
501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH
SECURITIES.

       

      The
Company acknowledges and agrees that a Purchaser may from time to time pledge
pursuant to a bona fide margin agreement with a registered broker-dealer or
grant a security interest in some or all of the Shares to a financial
institution that is an “accredited investor” as defined in Rule 501(a) under the
Securities Act and who agrees to be bound by the provisions of this Agreement
and, if required under the terms of such arrangement, such Purchaser may
transfer pledged or secured Shares to the pledgees or secured
parties.  Such a pledge or transfer would not be subject to approval
of the Company and no legal opinion of legal counsel of the pledgee, secured
party or pledgor shall be required in connection therewith.  Further,
no notice shall be required of such pledge.  At the appropriate
Purchaser’s expense, the Company will execute and deliver such reasonable
documentation as a pledgee or secured party of Shares may reasonably request in
connection with a pledge or transfer of the Shares.

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

         

         

      

      (c) Certificates
evidencing the Shares shall not contain any legend (including the legend set
forth in Section 4.1(b) hereof), (i) while a registration statement covering the
resale of such security is effective under the Securities Act, (ii) following
any sale of such Shares pursuant to Rule 144, (iii) if such Shares are eligible
for sale under Rule 144, without the requirement for the Company to be in
compliance with the current public information required under Rule 144 as to
such Underlying Shares and without volume or manner-of-sale restrictions, or
(iv) if such legend is not required under applicable requirements of the
Securities Act (including judicial interpretations and pronouncements issued by
the staff of the Commission).  The Company shall cause its counsel to
issue a legal opinion to the Transfer Agent if required by the Transfer Agent to
effect the removal of the legend hereunder.  The Company agrees that
at such time as such legend is no longer required under this Section 4.1(c), it
will, no later than three Trading Days following the delivery by a Purchaser to
the Company or the Transfer Agent of a certificate representing Shares issued
with a restrictive legend (such third Trading Day, the “Legend Removal
Date”), deliver or cause to be delivered to such Purchaser a certificate
representing such shares that is free from all restrictive and other
legends.  The Company may not make any notation on its records or give
instructions to the Transfer Agent that enlarge the restrictions on transfer set
forth in this Section 4.  Certificates for Shares subject to legend
removal hereunder shall be transmitted by the Transfer Agent to the Purchaser by
crediting the account of the Purchaser’s prime broker with the Depository Trust
Company System as directed by such Purchaser.

      

      (d) In
addition to such Purchaser’s other available remedies, the Company shall pay to
a Purchaser, in cash, as partial liquidated damages and not as a penalty, for
each $1,000 of Shares (based on the VWAP of the Common Stock on the date such
Shares are submitted to the Transfer Agent) delivered for removal of the
restrictive legend and subject to Section 4.1(c), $10 per Trading Day
(increasing to $20 per Trading Day five (5) Trading Days after such damages have
begun to accrue) for each Trading Day after the Legend Removal Date until such
certificate is delivered without a legend. Nothing herein shall limit such
Purchaser’s right to pursue actual damages for the Company’s failure to deliver
certificates representing any Shares as required by the Transaction Documents,
and such Purchaser shall have the right to pursue all remedies available to it
at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief.

       

      (e) Each
Purchaser, severally and not jointly with the other Purchasers, agrees that such
Purchaser will sell any Shares pursuant to either the registration requirements
of the Securities Act, including any applicable prospectus delivery
requirements, or an exemption therefrom, and that if Shares are sold pursuant to
an effective registration statement, they will be sold in compliance with the
plan of distribution set forth therein, and acknowledges that the removal of the
restrictive legend from certificates representing Shares as set forth in this
Section 4.1 is predicated upon the Company’s reliance upon this
understanding.

       

      
        
          
          

        

        
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      4.2 Furnishing of Information;
Public Information.

       

      (a) If the
Common Stock is not registered under Section 12(b) or 12(g) of the Exchange Act
on the date hereof, the Company agrees to cause the Common Stock to be
registered under Section 12(g) of the Exchange Act on or before the 60th
calendar day following the date hereof. Until the time that no Purchaser owns
Shares, the Company covenants to maintain the registration of the Common Stock
under Section 12(b) or 12(g) of the Exchange Act and to timely file (or obtain
extensions in respect thereof and file within the applicable grace period) all
reports required to be filed by the Company after the date hereof pursuant to
the Exchange Act.  As long as any Purchaser owns Shares, if the
Company is not required to file reports pursuant to the Exchange Act, it will
prepare and furnish to the Purchasers and make publicly available in accordance
with Rule 144(c) such information as is required for the Purchasers to sell the
Shares under Rule 144. The Company further covenants that it will take such
further action as any holder of Shares may reasonably request, to the extent
required from time to time to enable such Person to sell such Shares without
registration under the Securities Act within the requirements of the exemption
provided by Rule 144.

       

      (b) At any
time during the period commencing from the six (6) month anniversary of the date
hereof and ending at such time that all of the Shares may be sold without the
requirement for the Company to be in compliance with Rule 144(c)(1) and
otherwise without restriction or limitation pursuant to Rule 144, if the Company
shall fail for any reason to satisfy the current public information requirement
under Rule 144(c) (a “Public Information
Failure”) then, in addition to such Purchaser’s other available remedies,
the Company shall pay to a Purchaser, in cash, as partial liquidated damages and
not as a penalty, by reason of any such delay in or reduction of its ability to
sell the Shares, an amount in cash equal to two percent (2.0%) of the aggregate
Subscription Amount of such Purchaser’s Shares on the day of a Public
Information Failure and on every thirtieth (30th) day
(pro rated for periods totaling less than thirty days) thereafter until the
earlier of (a) the date such Public Information Failure is cured and (b) such
time that such public information is no longer required  for the Purchasers
to transfer the Underlying Shares pursuant to Rule 144.  The payments to
which a Purchaser shall be entitled pursuant to this Section 4.2(b) are referred
to herein as “Public
Information Failure Payments.”  Public Information Failure Payments shall be paid
on the earlier of (i) the last day of the calendar month during which such
Public Information Failure Payments are incurred
and (ii) the third (3rd)
Business Day after the event or failure giving rise to the Public Information
Failure Payments is
cured.  In the event the Company fails to make Public Information
Failure Payments in
a timely manner, such Public Information Failure Payments shall bear
interest at the rate of 1.5% per month (prorated for partial months) until paid
in full. Nothing herein shall limit such Purchaser’s right to pursue actual
damages for the Public Information Failure, and such Purchaser shall have the
right to pursue all remedies available to it at law or in equity including,
without limitation, a decree of specific performance and/or injunctive
relief.

       

      4.3 Integration.  The
Company shall not sell, offer for sale or solicit offers to buy or otherwise
negotiate in respect of any security (as defined in Section 2 of the Securities
Act) that would be integrated with the offer or sale of the Shares to the
Purchasers in a manner that would require the registration under the Securities
Act of the sale of the Shares to the Purchasers or that would be integrated with
the offer or sale of the Shares to the Purchasers for purposes of the rules and
regulations of any Trading Market such that it would require shareholder
approval prior to the closing of such other transaction unless shareholder
approval is obtained before the closing of such subsequent
transaction.

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

      4.4 Securities Laws Disclosure;
Publicity.  The Company shall, by 5:30 p.m. (New York City
time) within four (4) days following the date hereof, issue a Current Report on
Form 8-K, disclosing the material terms of the transactions contemplated hereby,
and including the Transaction Documents as exhibits thereto.  The
Company and each Purchaser shall consult with each other in issuing any other
press releases with respect to the transactions contemplated hereby, and neither
the Company nor any Purchaser shall issue any such press release nor otherwise
make any such public statement without the prior consent of the Company, with
respect to any press release of any Purchaser, or without the prior consent of
each Purchaser, with respect to any press release of the Company, which consent
shall not unreasonably be withheld or delayed, except if such disclosure is
required by law, in which case the disclosing party shall promptly provide the
other party with prior notice of such public statement or
communication.  Notwithstanding the foregoing, the Company shall not
publicly disclose the name of any Purchaser, or include the name of any
Purchaser in any filing with the Commission or any regulatory agency or Trading
Market, without the prior written consent of such Purchaser, except (a) as
required by federal securities law in connection with the filing of final
Transaction Documents (including signature pages thereto) with the Commission
and (b) to the extent such disclosure is required by law or Trading Market
regulations, in which case the Company shall provide the Purchasers with prior
notice of such disclosure permitted under this clause (b).

       

      4.5 Shareholder Rights
Plan.  No claim will be made or enforced by the Company or,
with the consent of the Company, any other Person, that any Purchaser is an
“Acquiring Person” under any control share acquisition, business combination,
poison pill (including any distribution under a rights agreement) or similar
anti-takeover plan or arrangement in effect or hereafter adopted by the Company,
or that any Purchaser could be deemed to trigger the provisions of any such plan
or arrangement, by virtue of receiving Shares under the Transaction Documents or
under any other agreement between the Company and the Purchasers.

       

      4.6 Non-Public
Information.  Except with respect to the material terms and
conditions of the transactions contemplated by the Transaction Documents, the
Company covenants and agrees that neither it, nor any other Person acting on its
behalf, will provide any Purchaser or its agents or counsel with any information
that the Company believes constitutes material non-public information, unless
prior thereto such Purchaser shall have executed a written agreement regarding
the confidentiality and use of such information.  The Company
understands and confirms that each Purchaser shall be relying on the foregoing
covenant in effecting transactions in securities of the Company.

       

      4.7 Use of
Proceeds.  Except as set forth on Schedule 4.7 attached
hereto, the Company shall use the net proceeds from the sale of the Shares
hereunder for working capital purposes and shall not use such proceeds for: (a)
the satisfaction of any portion of the Company’s debt (other than payment of
trade payables in the ordinary course of the Company’s business and prior
practices), (b) the redemption of any Common Stock or Common Stock Equivalents
or (c) the settlement of any outstanding litigation.

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

       

      4.8 Indemnification of
Purchasers.   Subject to the provisions of this Section
4.8, the Company will indemnify and hold each Purchaser and its directors,
officers, shareholders, members, partners, employees and agents (and any other
Persons with a functionally equivalent role of a Person holding such titles
notwithstanding a lack of such title or any other title), each Person who
controls such Purchaser (within the meaning of Section 15 of the Securities Act
and Section 20 of the Exchange Act), and the directors, officers, shareholders,
agents, members, partners or employees (and any other Persons with a
functionally equivalent role of a Person holding such titles notwithstanding a
lack of such title or any other title) of such controlling persons (each, a
“Purchaser
Party”) harmless from any and all losses, liabilities, obligations,
claims, contingencies, damages, costs and expenses, including all judgments,
amounts paid in settlements, court costs and reasonable attorneys’ fees and
costs of investigation that any such Purchaser Party may suffer or incur as a
result of or relating to (a) any breach of any of the representations,
warranties, covenants or agreements made by the Company in this Agreement or in
the other Transaction Documents or (b) any action instituted against a Purchaser
in any capacity, or any of them or their respective Affiliates, by any
stockholder of the Company who is not an Affiliate of such Purchaser, with
respect to any of the transactions contemplated by the Transaction Documents
(unless such action is based upon a breach of such Purchaser’s representations,
warranties or covenants under the Transaction Documents or any agreements or
understandings such Purchaser may have with any such stockholder or any
violations by the Purchaser of state or federal securities laws or any conduct
by such Purchaser which constitutes fraud, gross negligence, willful misconduct
or malfeasance).  If any action shall be brought against any Purchaser
Party in respect of which indemnity may be sought pursuant to this Agreement,
such Purchaser Party shall promptly notify the Company in writing, and the
Company shall have the right to assume the defense thereof with counsel of its
own choosing reasonably acceptable to the Purchaser Party.  Any
Purchaser Party shall have the right to employ separate counsel in any such
action and participate in the defense thereof, but the fees and expenses of such
counsel shall be at the expense of such Purchaser Party except to the extent
that (i) the employment thereof has been specifically authorized by the Company
in writing, (ii) the Company has failed after a reasonable period of time to
assume such defense and to employ counsel or (iii) in such action there is, in
the reasonable opinion of such separate counsel, a material conflict on any
material issue between the position of the Company and the position of such
Purchaser Party, in which case the Company shall be responsible for the
reasonable fees and expenses of no more than one such separate
counsel.  The Company will not be liable to any Purchaser Party under
this Agreement (y) for any settlement by a Purchaser Party effected without the
Company’s prior written consent, which shall not be unreasonably withheld or
delayed; or (z) to the extent, but only to the extent that a loss, claim, damage
or liability is attributable to any Purchaser Party’s breach of any of the
representations, warranties, covenants or agreements made by such Purchaser
Party in this Agreement or in the other Transaction Documents.

       

      4.9 Reservation of Common
Stock. As of the date hereof, the Company has reserved and the Company
shall continue to reserve and keep available at all times, free of preemptive
rights, a sufficient number of shares of Common Stock for the purpose of
enabling the Company to issue Shares pursuant to this Agreement.

       

      4.10 Listing
of Common Stock. The Company hereby agrees to use best efforts to maintain the
listing of the Common Stock on a Trading Market, and as soon as reasonably
practicable following the First Closing (but not later than the first
anniversary of the First Closing Date) to list all of the Shares on such Trading
Market. The Company further agrees, if the Company applies to have the Common
Stock traded on any other Trading Market, it will then include in such
application all of the Shares, and will take such other action as is necessary
to cause all of the Shares to be listed on such other Trading Market as promptly
as possible.  The Company will then take all action reasonably
necessary to continue the listing and trading of its Common Stock on a Trading
Market and will comply in all respects with the Company’s reporting, filing and
other obligations under the bylaws or rules of the Trading Market.

       

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

         

      

      4.11 Software Support Services
The Company will train the Purchaser’s employees and consultants to
manage the Software platform along with all relevant functions which allow the
Purchaser to sell ads and manage the entire Software platform and processes
independently while working out of the Company’s main offices.  (i)The
Company will begin to cover any direct costs associated with managing the
technical platform until November 13th,
2009. or (ii) until such time as the Purchaser is able to manage the Software
platform along with all relevant functions that allow it to independently sell
ads (the “Support Period”)  These direct costs will include, and not
be to limited items such as the server farm, ByDesign, iCentris CRM,
etc.)  The Company will continue to provide headcount support for the
initial one hundred twenty (120) days of the First Closing, or until such time
as the Purchaser and the Company have exercised one of the options noted
below:

       

      (a) Commencing
on the Initial Closing Date and continuing for a period of thirty (30) calendar
days, the Company will provide the Purchaser with support services (the “Support
Period”).  Upon the expiration of the Support Period, the
Purchaser and the Company will mutually decide to either (1) enter into a
support agreement whereby the Purchaser would pay the Company $6.50 per
user/customer in exchange for managing the back-end operations, with a reduction
in incremental cost to $4.00 per user/customer upon the Purchaser reaching
50,001 users or (2) the Company will train employees compensated by the
Purchaser to manage the back-end CRM systems while working out of the Company’s
main offices.

       

      4.12 Reserved.

       

      4.13 Reserved.

       

      4.14 Reserved.

       

      4.15 Form D; Blue Sky
Filings.  The Company agrees to timely file a Form D with
respect to the Shares as required under Regulation D and to provide a copy
thereof, promptly upon request of any Purchaser. The Company shall take such
action as the Company shall reasonably determine is necessary in order to obtain
an exemption for, or to qualify the Securities for, sale to the Purchasers at
the Closing under applicable securities or “Blue Sky” laws of the states of the
United States, and shall provide evidence of such actions promptly upon request
of any Purchaser.

       

      4.16 Reserved

       

      4.17 Delivery of Shares After
Closing.  The Company shall deliver, or cause to be delivered,
the Shares purchased by the Purchaser to such Purchaser within 3 Trading Days of
each of the Closing Date.

       

      4.18 Reserved.

       

      4.19 Reserved.

       

      
        
          
          

        

        
          26

          
            

          

        

        
          
          

        

      

       

      ARTICLE
V.

       

      MISCELLANEOUS

       

      5.1 Termination. 
This Agreement may be terminated by any Party, as to such parties’ obligations
hereunder only and without any effect whatsoever on the obligations between the
Company and the other Purchasers, by written notice to the other parties, if the
Fourth Closing has not been consummated; provided, however, that no such
termination will affect the right of any party to sue for any breach by the
other party (or parties)..

       

      5.2 Fees and
Expenses.  Each party shall pay the fees and expenses of its
advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution,
delivery and performance of this Agreement.  The Company shall pay all
Transfer Agent fees, stamp taxes and other taxes and duties levied in connection
with the delivery of any Securities to the Purchasers.

       

      5.3 Entire
Agreement.  The Transaction Documents, together with the
exhibits and schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and supersede all prior agreements and
understandings, oral or written, with respect to such matters, which the parties
acknowledge have been merged into such documents, exhibits and
schedules.

       

      5.4 Notices.  Any
and all notices or other communications or deliveries required or permitted to
be provided hereunder shall be in writing and shall be deemed given and
effective on the earliest of: (a) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number set forth on
the signature pages attached hereto prior to 5:30 p.m. (New York City time) on a
Trading Day, (b) the next Trading Day after the date of transmission, if such
notice or communication is delivered via facsimile at the facsimile number set
forth on the signature pages attached hereto on a day that is not a Trading Day
or later than 5:30 p.m. (New York City time) on any Trading Day, (c) the 2nd
Trading Day following the date of mailing, if sent by U.S. nationally recognized
overnight courier service or (d) upon actual receipt by the party to whom such
notice is required to be given.  The address for such notices and
communications shall be as set forth on the signature pages attached
hereto.

       

      5.5 Amendments;
Waivers.  No provision of this Agreement may be waived,
modified, supplemented or amended except in a written instrument signed, in the
case of an amendment, by the Company and the Purchaser or, in the case of a
waiver, by the party against whom enforcement of any such waived provision is
sought.  No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any
other provision, condition or requirement hereof, nor shall any delay or
omission of any party to exercise any right hereunder in any manner impair the
exercise of any such right.

       

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

       

      5.6 Headings.  The
headings herein are for convenience only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the provisions
hereof.

       

      5.7 Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of the parties and their successors and permitted
assigns.  The Company may not assign this Agreement or any rights or
obligations hereunder without the prior written consent of each Purchaser (other
than by merger).  Any Purchaser may assign any or all of its rights
under this Agreement to any Person to whom such Purchaser assigns or transfers
any Securities, provided that such transferee agrees in writing to be bound,
with respect to the transferred Securities, by the provisions of the Transaction
Documents that apply to the “Purchasers.”

       

      5.8 No Third-Party
Beneficiaries.  This Agreement is intended for the benefit of
the parties hereto and their respective successors and permitted assigns and is
not for the benefit of, nor may any provision hereof be enforced by, any other
Person, except as otherwise set forth in Section 4.8.

       

      5.9 Governing
Law.  All questions concerning the construction, validity,
enforcement and interpretation of the Transaction Documents shall be governed by
and construed and enforced in accordance with the internal laws of the State of
New York, without regard to the principles of conflicts of law
thereof.  Each party agrees that all legal proceedings concerning the
interpretations, enforcement and defense of the transactions contemplated by
this Agreement and any other Transaction Documents (whether brought against a
party hereto or its respective affiliates, directors, officers, shareholders,
employees or agents) shall be commenced exclusively in the state and federal
courts sitting in the City of New York. Each party hereby irrevocably submits to
the exclusive jurisdiction of the state and federal courts sitting in the City
of New York, borough of Manhattan for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or
discussed herein (including with respect to the enforcement of any of the
Transaction Documents), and hereby irrevocably waives, and agrees not to assert
in any suit, action or proceeding, any claim that it is not personally subject
to the jurisdiction of any such court, that such suit, action or proceeding is
improper or is an inconvenient venue for such proceeding.  Each party
hereby irrevocably waives personal service of process and consents to process
being served in any such suit, action or proceeding by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect for notices to it under this
Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof.  Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner
permitted by law.  If either party shall commence an action or
proceeding to enforce any provisions of the Transaction Documents, then the
prevailing party in such action or proceeding shall be reimbursed by the other
party for its reasonable attorneys’ fees and other costs and expenses incurred
with the investigation, preparation and prosecution of such action or
proceeding.

       

      5.10 Survival.  The
representations and warranties shall survive the Closing and the delivery of the
Shares for the applicable statute of limitations.

       

       

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      5.11 Execution.  This
Agreement may be executed in two or more counterparts, all of which when taken
together shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the
other party, it being understood that both parties need not sign the same
counterpart.  In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such
signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

       

      5.12 Severability.  If
any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction to be invalid, illegal, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions set forth
herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same
or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the
intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

       

      5.13 Rescission and Withdrawal
Right.  Notwithstanding anything to the contrary contained in
(and without limiting any similar provisions of) any of the other Transaction
Documents, whenever any Purchaser exercises a right, election, demand or option
under a Transaction Document and the Company does not timely perform its related
obligations within the periods therein provided, then such Purchaser may rescind
or withdraw, in its sole discretion from time to time upon written notice to the
Company, any relevant notice, demand or election in whole or in part without
prejudice to its future actions and rights.

       

      5.14 Replacement of
Shares.  If any certificate or instrument evidencing any Shares
is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be
issued in exchange and substitution for and upon cancellation thereof (in the
case of mutilation), or in lieu of and substitution therefor, a new certificate
or instrument, but only upon receipt of evidence reasonably satisfactory to the
Company of such loss, theft or destruction.  The applicant for a new
certificate or instrument under such circumstances shall also pay any reasonable
third-party costs (including customary indemnity) associated with the issuance
of such replacement Shares.

       

      5.15 Remedies.  In
addition to being entitled to exercise all rights provided herein or granted by
law, including recovery of damages, the Purchaser and the Company will be
entitled to specific performance under the Transaction Documents.  The
parties agree that monetary damages may not be adequate compensation for any
loss incurred by reason of any breach of obligations contained in the
Transaction Documents and hereby agrees to waive and not to assert in any action
for specific performance of any such obligation the defense that a remedy at law
would be adequate.

       

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

       

      5.16 Payment Set
Aside.  To the extent that the Company makes a payment or
payments to the Purchaser pursuant to any Transaction Document or the Purchaser
enforces or exercises its rights thereunder, and such payment or payments or the
proceeds of such enforcement or exercise or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside, recovered
from, disgorged by or are required to be refunded, repaid or otherwise restored
to the Company, a trustee, receiver or any other person under any law
(including, without limitation, any bankruptcy law, state or federal law, common
law or equitable cause of action), then to the extent of any such restoration
the obligation or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been
made or such enforcement or setoff had not occurred.

       

      5.17 Reserved.

       

      5.18 Liquidated
Damages.  The Company’s obligations to pay any partial
liquidated damages or other amounts owing under the Transaction Documents is a
continuing obligation of the Company and shall not terminate until all unpaid
partial liquidated damages and other amounts have been paid notwithstanding the
fact that the instrument or security pursuant to which such partial liquidated
damages or other amounts are due and payable shall have been
canceled.

       

      5.19 Saturdays, Sundays,
Holidays,
etc.                                                                If
the last or appointed day for the taking of any action or the expiration of any
right required or granted herein shall not be a Business Day, then such action
may be taken or such right may be exercised on the next succeeding Business
Day.

       

      5.20 Construction. The
parties agree that each of them and/or their respective counsel has reviewed and
had an opportunity to revise the Transaction Documents and, therefore, the
normal rule of construction to the effect that any ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation
of the Transaction Documents or any amendments hereto.

       

      5.21 WAIVER OF JURY
TRIAL.  IN ANY ACTION, SUIT, OR
PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE
PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY
APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY
WAIVES FOREVER TRIAL BY JURY.

       

      

       

      (Signature
Pages Follow)

       

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

      

       

      IN
WITNESS WHEREOF, the parties hereto have caused this Securities Purchase
Agreement to be duly executed by their respective authorized signatories as of
the date first indicated above.

       

      

      
        	
                BEYOND
      COMMERCE, INC.

                 

                 

              	
                Address
      for Notice:

                 

              
	
                By:__________________________________________

                     Name:
      Robert J McNulty

                     Title:
      Chief Executive Officer

                With
      a copy to (which shall not constitute notice):

              	
                Fax:

                 

                 

              
	 
      	
                DARRIN
      M. OCASIO

                Sichenzia
      Ross Friedman Ference LLP

                61
      Broadway, New York, New York 10006

                Fax
      (212 ) 930-9725

              

      

      

      

      

      

      
        
          
          

        

        
          31

          
            

          

        

        
          
          

        

      

      

       

      

      

      [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

      SIGNATURE
PAGE FOR PURCHASER FOLLOWS]

       [PURCHASER
SIGNATURE PAGES TO BYOC SECURITIES PURCHASE AGREEMENT]

      

      FIRST
CLOSING

      

      IN
WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement
to be duly executed by their respective authorized signatories as of
_____________, 2009.

       

      Name of
Purchaser: Zurvita Holdings, Inc.

      Signature of Authorized Signatory of
Purchaser: __________________________________

      Name of
Authorized Signatory: Jay Shafer

      Title of
Authorized Signatory: Co-Chief Executive Officer

      Email
Address of Authorized Signatory: jay.shafer@amacoregroup.com

      Facsimile
Number of Authorized Signatory: 321-304-4502

      Address
for Notice of Purchaser:

      485 N.
Keller Road, Suite 450

      Maitland,
Florida 32751

      

      

      Address
for Delivery of Securities for Purchaser (if not same as address for
notice):

      

      

      

      

      

      Subscription
Amount: $300,000.00

      

      Shares:
3,000,000

      

      EIN
Number:  [PROVIDE
THIS UNDER SEPARATE COVER]

       

       

      
        
          
          

        

        
          32

          
            

          

        

        
          
          

        

      

       

      [PURCHASER
SIGNATURE PAGES TO BYOC SECURITIES PURCHASE AGREEMENT]

      

      SECOND
CLOSING

      

      IN
WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement
to be duly executed by their respective authorized signatories as of
______________, 2009.

       

      Name of
Purchaser: Zurvita Holdings, Inc.

      Signature of Authorized Signatory of
Purchaser: __________________________________

      Name of
Authorized Signatory: Jay Shafer

      Title of
Authorized Signatory: Co-Chief Executive Officer

      Email
Address of Authorized Signatory: jay.shafer@amacoregroup.com

      Facsimile
Number of Authorized Signatory: 321-304-4502

      Address
for Notice of Purchaser:

      485 N.
Keller Road, Suite 450

      Maitland,
Florida 32751

      

      

      Address
for Delivery of Securities for Purchaser (if not same as address for
notice):

      

      

      

      

      

      Subscription
Amount: $200,000.00

      

      Shares:
2,000,000

      

      EIN
Number:  [PROVIDE
THIS UNDER SEPARATE COVER]

       

       

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

       

      [PURCHASER
SIGNATURE PAGES TO BYOC SECURITIES PURCHASE AGREEMENT]

      

      THIRD
CLOSING

      

      IN
WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement
to be duly executed by their respective authorized signatories as of
____________, 2009.

       

      Name of
Purchaser:
___________________________________________________________

      Signature of Authorized Signatory of
Purchaser: ____________________________________

      Name of
Authorized Signatory:
____________________________________________________

      Title of
Authorized Signatory:
_____________________________________________________

      Email
Address of Authorized Signatory:
______________________________________________

      Facsimile
Number of Authorized Signatory:
___________________________________________

      Address
for Notice of Purchaser:

      

      

      

      

      Address
for Delivery of Securities for Purchaser (if not same as address for
notice):

      

      

      

      

      

      Subscription
Amount: $100,000

      

      Shares:
1,000,000

      

      EIN
Number:  [PROVIDE
THIS UNDER SEPARATE COVER]

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

       

      [PURCHASER
SIGNATURE PAGES TO BYOC SECURITIES PURCHASE AGREEMENT]

      

      FOURTH
CLOSING

      

      IN
WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement
to be duly executed by their respective authorized signatories as of
__________________, 2009.

       

      Name of
Purchaser:
__________________________________________________________

      Signature of Authorized Signatory of
Purchaser: ____________________________________

      Name of
Authorized Signatory:
___________________________________________________

      Title of
Authorized Signatory:
_____________________________________________________

      Email
Address of Authorized Signatory:
_____________________________________________

      Facsimile
Number of Authorized Signatory:
__________________________________________

      Address
for Notice of Purchaser:

      

      

      

      

      Address
for Delivery of Securities for Purchaser (if not same as address for
notice):

      

      

      

      

      

      Subscription
Amount: $200,000

      

      Shares:
2,000,000

      

      EIN
Number:  [PROVIDE
THIS UNDER SEPARATE COVER]

      

      

      [SIGNATURE
PAGES CONTINUE]

       

      
        
          
          

        

        
          35

          
            

          

        

        
          
          

        

      

      Annex
A

      

      CLOSING
STATEMENT

      

      Pursuant
to the attached Securities Purchase Agreement, dated as of October __, 2009, the
purchaser shall purchase up to $800,000 of Common Stock from Beyond Commerce,
Inc. (the “Company”).  All
funds will be wired into an account maintained by the Company.  All
funds will be disbursed in accordance with this Closing Statement.

      

      
        	
                Disbursement
      Date:

              	
                ___,
      2009

              

      

      

      

      
        	
                I.   PURCHASE PRICE

                 

              	 
      
	 
      	
                Gross
      Proceeds to be Received

              	
                $

              
	 
      	 
      
	
                II.      DISBURSEMENTS

                 

              	 
      
	 
      	
                 

              	
                $

              
	 
      	
                 

              	
                $

              
	 
      	 
      	
                $

              
	 
      	 
      	
                $

              
	 
      	 
      	
                $

              
	 
      	 
      
	
                Total
      Amount Disbursed:

              	
                $

              
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                WIRE INSTRUCTIONS:

                 

                 

              	 
      
	
                To:

                Beyond
      Commerce, Inc.

                Account
      #501008089726

                Wire
      ABA 026009593

                BOFAUS3N

                Bank
      of America

                970
      Transit Road

                West
      Seneca, NY 14224

                 

                Attn:
      Melissa Mercado

                Phone:
      (888) 852.5000 x2415

                Fax:
      (716) 656.2472

                 

                 

                 

                 

                 

              	 
      

         

        
          
            
            

          

          
            36

            
              

            

          

          
            
            

          

        

         

         

        	
                To:
      _____________________________________

                 

                 

                 

                 

                 

              	 
      

      

      Schedule

      
        	
                Beyond
      Commerce, Inc.

              	 	 	 	 	 	 
	 
      	 
      	 	 	 	 	 	 
	
                 Capitalization
      Table

              	 
      	 	 %
      outstanding	 	 	
                No.
      of Shares

              	 
	
                 Common
      Shares

              	 
      	 	
                 

              	 	 	 	 
	
                 Beyond
      Commerce Management (restricted)

              	 	 	3.3	%	 	 	1,577,122	 
	
                 Linlithgow
      Holdings, LLC . > 10% Shareholder

              	 	 	23.1	%	 	 	10,982,000	 
	
                 Unrestricted
      Shareholders

              	 
      	 	 	73.3	%	 	 	34,922,319	 
	
                 Restricted
      (rule 144 free trading 06.30.09)

              	 	 	0.3	%	 	 	159,500	 
	 
      	
                 Common
      stock outstanding

              	 	
                October
      8, 2009

              	 	 	 	47,640,941	 
	 
      	 
      	 	 	 	 	 	 	 	 
	
                Warrants
      Outstanding (includes convertible note payable tranches I,II, III,
      IV)

              	 	 	 	37,103,705	 
	
                 Convertible
      Note (Tranche I,II, III, IV)

              	 	 	 	 	 	 	3,257,143	 
	
                 Employee
      Stock Option Plan

              	 
      	 	 	 	 	 	 	4,637,703	 
	 
      	 
      	 	 	 	 	 	 	 	 
	
                 Total
      Shares and Equivalents Outstanding

              	 	 	 	 	 	 	92,639,491	 

      

      

      

      Schedule
3.1 (aa)

      
        	 
      	 	
                Note
      Balance

              	 	 	
                Conversion

              	 	 	 	 
	 
      	 	
                10/1/2009

              	 	 	
                Rate

              	 	 	
                Shares

              	 
	
                Note
      payable to Carole Harder bearing an annual interest rate of 12%,
      unsecured, due 6/20/09

              	 	$	140,000	 	 	$	0.70	 	 	 	200,000	 
	
                Convertible
      Promissory Notes, bearing an annual interest rate of 12%, secured, due
      1/31/10

              	 	$	2,280,000	 	 	$	0.70	 	 	 	3,257,143	 
	
                DOF/LinlithgowConvertible
      Promissory Notes, bearing an annual interest rate of 18%, secured, due
      12/1/09

              	 	$	1,333,333	 	 	$	0.70	 	 	 	1,904,761	 
	
                St
      George Convertible Promissory Notes due 1/15/2010

              	 	$	-	 	 	$	0.70	 	 	 	0	 
	
                 Omni
      Convertible Promissory Notes due 6/26/2010

              	 	$	583,330	 	 	$	0.70	 	 	 	833,329	 
	
                Omni
      Convertible Promissory Notes due 7/2/2010

              	 	$	583,330	 	 	$	0.70	 	 	 	833,329	 
	
                Omni
      Convertible Promissory Notes due 7/10/2010

              	 	$	583,330	 	 	$	0.70	 	 	 	833,329	 
	
                Omni
      Convertible Promissory Notes due 7/21/2010

              	 	$	1,750,010	 	 	$	0.70	 	 	 	2,500,014	 
	
                Omni
      Convertible Promissory Notes due 7/29/2010

              	 	$	648,145	 	 	$	0.70	 	 	 	925,921	 
	
                Omni
      Convertible Promissory Notes due 8/11/2010

              	 	$	291,665	 	 	$	0.70	 	 	 	416,664	 
	
                Omni
      Convertible Promissory Notes due 8/20/2010

              	 	$	116,666	 	 	$	0.70	 	 	 	166,666	 
	
                Omni
      Convertible Promissory Notes due 8/28/2010

              	 	$	373,332	 	 	$	0.70	 	 	 	533,331	 
	
                Omni
      Convertible Promissory Notes due 9/3/2010

              	 	$	699,996	 	 	$	0.70	 	 	 	999,994	 
	
                Bridge
      Notes, bearing an annual interest rate 12%, unsecured, due
      9/1/2009-10/6/09

              	 	$	480,000	 	 	$	1.00	 	 	 	480,000	 
	
                Bridge
      Notes, bearing an annual interest rate 12%, unsecured, due
      1/6/10

              	 	$	800,000	 	 	$	1.00	 	 	 	800,000	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                TOTAL

              	 	$	10,663,137	 	 	 	 	 	 	 	14,684,481	 

      

      
 

       

       

       

      37

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