Document:

Exhibit 10.4

 

BUSINESS
Purchase and sale Agreement

 

This Business Purchase and Sale Agreement (the
“Agreement”) is made and entered into this 6th day of December, 2012, by and between Team Sports Super Store, Inc.
a California corporation (“Seller”) and Smack Sportswear., a Nevada corporation (“Buyer”).

 

RECITALS

 

A. Seller is the owner of a sports apparel company,
that specializes in volleyball apparel. (the “Apparel Company”).

 

B. Buyer desires to purchase and acquire from
Seller the Apparel Company, and Seller desires to transfer and convey the same to Buyer, in accordance with the terms and conditions
of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual
representations, warranties and covenants contained herein, and on the terms and subject to the conditions herein set forth, the
parties hereby agree as follows:

 

ARTICLE I

Definitions

 

As used in this Agreement, the following terms
shall have the meanings set forth below:

 

1.1 Closing. “Closing” shall mean
the closing of the transaction contemplated by this Agreement, which shall occur at 11:00 a.m., Pacific Standard Time, on the Closing
Date in the offices of Smack Sportswear, or at such other time and place as shall be mutually agreed in writing by the parties
hereto.

 

1.2 Closing Date. “Closing Date”
shall mean December 6, 2012, unless otherwise mutually agreed in writing by the parties hereto.

 

1.3 Apparel Company. “Apparel Company”
shall mean all rights and interests in the patents, copyrights, trademarks, trade names, etc. concerning the volleyball apparel
produced by Team Sports Super Store.

 

 

ARTICLE II

Purchase and Sale

 

2.1 Sale and Purchase of Assets, Liabilities
and Business Operations. Subject to and upon the terms and conditions contained herein, at the Closing, Seller shall sell, transfer,
assign, convey, and deliver to Buyer, all assets, liabilities, inventory, trade names, equipment, fixtures, property, employment
agreements, employee stock incentive plan and all business operations of Team Sports Super Store and Buyer shall purchase, accept
and acquire from Seller all assets, liabilities, trade names, inventory, equipment, fixtures, property, employment agreements,
employee stock incentive plan and all business operations of Team Sports Super Store.

 

2.2 Purchase Price. The total purchase price
for the Apparel Company shall be ONE DOLLAR ($1.00), payable by Buyer to Seller, effective immediately,

 

ARTICLE III

Representations and Warranties of Buyer

 

Buyer represents and warrants that the following
are true and correct as of this date and will be true and correct through the Closing Date as if made on that date:

 

3.1 Organization and Good Standing. Buyer is
a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, with all the requisite
power and authority to carry on the business in which it is engaged, to own the properties it owns and to execute and deliver this
Agreement and to consummate the transactions contemplated hereby.

 

3.2 Authorization and Validity. The execution,
delivery and performance by Buyer of this Agreement and the other agreements contemplated hereby, and the consummation of the transactions
contemplated hereby, have been duly authorized by Buyer. This Agreement and each other agreement contemplated hereby have been
or will be prior to Closing duly executed and delivered by Buyer and constitute or will constitute legal, valid and binding obligations
of Buyer, enforceable against Buyer in accordance with their respective terms.

 

3.3 No Violation. Neither the execution and
performance of this Agreement or the other agreements contemplated hereby, nor the consummation of the transactions contemplated
hereby or thereby, will (a) conflict with, or result in a breach of the terms, conditions and provisions of, or constitute a default
under, the Articles of Incorporation or Bylaws of Buyer or any agreement, indenture or other instrument under which Buyer is bound,
or (b) violate or conflict with any judgment, decree, order, statute, rule or regulation of any court or any public, governmental
or regulatory agency or body having jurisdiction over Buyer or the properties or assets of Buyer.

 

3.4 Consents. The Buyer has obtained the consent
from its Board of Directors and majority shareholders to make this purchase. No other authorization, consent, approval, permit
or license of, or filing with, any governmental or public body or authority, any lender or lessor or any other person or entity
is required to authorize, or is required in connection with, the execution, delivery and performance of this Agreement or the agreements
contemplated hereby on the part of Buyer.

 

ARTICLE IV

Representations and Warranties of Seller

 

Seller represents and warrants that the following
are true and correct as of this date and will be true and correct through the Closing Date as if made on that date:

 

4.1 Organization and Good Standing. Seller is
a corporation duly organized, validly existing and in good standing under the laws of the State of California, with all the requisite
power and authority to carry on the business in which it is engaged, to own the properties it owns and to execute and deliver this
Agreement and to consummate the transactions contemplated hereby.

 

4.2 Authorization and Validity. The execution,
delivery and performance by Seller of this Agreement and the other agreements contemplated hereby, and the consummation of the
transactions contemplated hereby, have been duly authorized by Seller. This Agreement and each other agreement contemplated hereby
have been or will be prior to Closing duly executed and delivered by Seller and constitute or will constitute legal, valid and
binding obligations of Seller, enforceable against Seller in accordance with their respective terms.

 

4.3 Title. Seller has good and marketable title
to the Apparel Company which are the subject of this Agreement. Upon consummation of the transactions contemplated hereby, Buyer
shall receive good, valid and marketable title to all the Apparel Company business, its assets and liabilities.

 

4.4 Commitments. Seller has not entered into,
nor are the Apparel Company or the business of Seller bound by, whether or not in writing, any (i) partnership or joint venture
agreement; (ii) deed of trust or other security agreement; (iii) guaranty or suretyship, indemnification or contribution agreement
or performance bond; (iv) employment, consulting or compensation agreement or arrangement, including the election or retention
in office of any director or officer; (v) labor or collective bargaining agreement; (vi) debt instrument, loan agreement or other
obligation relating to indebtedness for borrowed money or money lent to another; (vii) deed or other document evidencing an interest
in or contract to purchase or sell real property; (viii) agreement with dealers or sales or commission agents, public relations
or advertising agencies, accountants or attorneys; (ix) lease of real or personal property, whether as lessor, lessee, sublessor,
or sublessee; (x) agreement relating to any material matter or transition in which an interest is held by a person or entity which
is an affiliate of Seller; (xi) powers of attorney; or (xii) contracts containing noncompetition covenants, that has not been disclosed
to the Buyer.

 

4.5 Adverse Agreements. Seller is not a party
to any agreement or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction,
decree, rule or regulation which materially and adversely affects or, so far as Seller can now foresee, may in the future materially
and adversely affect the business operations, prospects, properties, assets or condition, financial or otherwise, of Seller.

 

4.6 No Violation. Neither the execution and
performance of this Agreement or the other agreements contemplated hereby, nor the consummation of the transactions contemplated
hereby or thereby, will (a) conflict with, or result in a breach of the terms, conditions and provisions of, or constitute a default
under, the Articles of Incorporation or Bylaws of Seller or any agreement, indenture or other instrument under which Buyer is bound,
or (b) violate or conflict with any judgment, decree, order, statute, rule or regulation of any court or any public, governmental
or regulatory agency or body having jurisdiction over Seller or the properties or assets of Seller.

 

4.7 Consents. The Seller has obtained the consent
from its Board of Directors and majority shareholders to make this sale. No other authorization, consent, approval, permit or license
of, or filing with, any governmental or public body or authority, any lender or lessor or any other person or entity is required
to authorize, or is required in connection with, the execution, delivery and performance of this Agreement or the agreements contemplated
hereby on the part of Seller.

 

4.8 Compliance with Laws. There are no existing
violations by Seller of any applicable federal, state or local law or regulation, except to the extent that any such violations
would not have a material adverse effect on the property or business of Seller.

 

4.9 Accuracy of Information Furnished. All information
furnished to Buyer by Seller is true, correct and complete in all material respects. Such information states all material facts
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which such statements
are made, true, correct and complete.

 

4.10 Proceedings. No action, proceeding or order
by any court or governmental body or agency shall have been threatened in writing, asserted, instituted or entered to restrain
or prohibit the carrying out of the transactions contemplated by this Agreement.

 

ARTICLE V

Indemnification

 

5.1 Seller’s Indemnity. Subject to the
terms of this Section, Seller hereby agrees to indemnify, defend and hold harmless Buyer and its officers, directors, agents, attorneys,
accountants and affiliates from and against any and all losses, claims, obligations, demands, assessments, penalties, liabilities,
costs, damages, reasonable attorneys’ fees and expenses (“Damages”) asserted against or incurred by Buyer by
reason of or resulting from a breach by Seller of any representation, warranty or covenant contained herein, or in any agreement
executed pursuant thereto.

 

5.2 Limitations on Seller’s Indemnification
Obligations.

 

5.2.1 Buyer and its successors and permitted
assigns shall not be entitled to indemnification under this Section unless a claim has been asserted by written notice delivered
to Seller on or prior to the twenty four (24) month anniversary of the Closing, specifying the details of such alleged breach.

 

5.2.2 Seller shall have no indemnification obligation
under this Section unless and until the aggregate amount recoverable against Seller exceeds $25,000, in which event Seller shall
be responsible for all amounts recoverable in excess of said $25,000 aggregate amount up to the individual limits provided for
in Section 5.2.3 below.

 

5.3 Buyer’s Indemnity. Subject to the
terms of this Section, Buyer hereby agrees to indemnify, defend and hold harmless Seller and its officers, directors, agents, attorneys,
accountants and affiliates from and against any and all losses, claims, obligations, demands, assessments, penalties, liabilities,
costs, damages, reasonable attorneys’ fees and expenses (“Damages”) asserted against or incurred by Seller by
reason of or resulting from a breach by Buyer of any representation, warranty or covenant contained herein, or in any agreement
executed pursuant thereto.

 

5.4 Conditions of Indemnification. The respective
obligations and liabilities of Seller and Buyer (Indemnifying Party) to the other (Party to be Indemnified) under Sections 5.1,
5.2 and 5.3 hereof, with respect to claims resulting from the assertion of liability by third parties, shall be subject to the
following terms and conditions:

 

5.5 Remedies Not Exclusive. The remedies provided
for in this Section shall not be exclusive of any other rights or remedies available by one party against the other, either at
law or in equity.

 

ARTICLE VI

Termination

 

6.1 Termination for Cause. This Agreement may
be terminated prior to Closing upon notice to the other party at any time by a party if any representation or warranty of the other
party contained in this Agreement or in any certificate or other document executed and delivered by one party to the other is or
becomes untrue or breached in any material respect or if one party fails to comply in any material respect with any covenant or
agreement contained herein, and any such misrepresentation, breach or noncompliance is not cured, waived, or eliminated before
Closing.

 

6.2 Termination Without Cause. Anything herein
or elsewhere to the contrary notwithstanding, this Agreement may be terminated and abandoned at any time without further obligation
or liability on the part of any party in favor of any other by mutual consent of Purchaser and Seller.

 

ARTICLE VII

Miscellaneous Provisions

 

7.1 Amendment and Modification. Subject to applicable
law, this Agreement may be amended, modified or supplemented only by a written agreement signed by Buyer and Seller.

 

7.2 Waiver of Compliance; Consents.

 

7.2.1 Any failure of any party to comply with
any obligation, covenant, agreement or condition herein may be waived by the party entitled to the performance of such obligation,
covenant or agreement or who has the benefit of such condition, but such waiver or failure to insist upon strict compliance with
such obligation, covenant, or agreement or condition will not operate as a waiver of, or estoppel with respect to, any subsequent
or other failure.

 

7.2.2 Whenever this Agreement requires or permits
consent by or on behalf of any party hereto, such consent will be given in a manner consistent with the requirements for a waiver
of compliance as set forth above.

 

7.3 Notices. All Notices, requests, demands
and other communications required or permitted hereunder will be in writing and will be deemed to have been duly given when delivered
by (i) hand; (ii) reliable overnight delivery service; or (iii) facsimile transmission.

 

7.4 Titles and Captions. All section titles
or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor effect the interpretation
of this Agreement.

 

7.5 Entire Agreement. This Agreement contains
the entire understanding between and among the parties and supersedes any prior understandings and agreements among them respecting
the subject matter of this Agreement.

 

7.6 Agreement Binding. This Agreement shall
be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

7.7 Attorneys’ Fees. In the event an arbitration,
suit or action is brought by any party under this Agreement to enforce any of its terms, or in any appeal therefrom, it is agreed
that the prevailing party shall be entitled to reasonable attorneys fees to be fixed by the arbitrator, trial court, and/or appellate
court.

 

7.8 Computation of Time. In computing any period
of time pursuant to this Agreement, the day of the act, event or default from which the designated period of time begins to run
shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period shall begin to run on the next
day that is not a Saturday, Sunday or legal holiday.

 

7.9 Pronouns and Plurals. All pronouns and any
variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the person
or persons may require.

 

7.10 Governing Law. THIS AGREEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA.
THE PARTIES AGREE THAT ANY LITIGATION RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT MUST BE BROUGHT BEFORE AND DETERMINED BY
A COURT OF COMPETENT JURISDICTION WITHIN THE STATE OF NEVADA.

 

7.11 Arbitration. If at any time during the
term of this Agreement any dispute, difference, or disagreement shall arise upon or in respect of this Agreement, and the meaning
and construction hereof, every such dispute, difference, and disagreement shall be referred to a single arbiter agreed upon by
the parties, or if no single arbiter can be agreed upon, an arbiter or arbiters shall be selected in accordance with the rules
of the American Arbitration Association and such dispute, difference or disagreement shall be settled by arbitration in accordance
with the then prevailing commercial rules of the American Arbitration Association, and judgment upon the award rendered by the
arbiter may be entered in any court having jurisdiction thereof.

 

7.12 Presumption. This Agreement or any Section
thereof shall not be construed against any party due to the fact that said Agreement or any section thereof was drafted by said
party.

 

7.13 Further Action. The parties hereto shall
execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate
to achieve the purposes of the Agreement.

 

7.14 Parties in Interest. Nothing herein shall
be construed to be to the benefit of any third party, nor is it intended that any provision shall be for the benefit of any third
party.

 

7.15 Savings Clause. If any provision of this
Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement,
or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be
affected hereby.

 

7.16 Confidentiality. The parties shall keep
this Agreement and its terms confidential, but any party may make such disclosures as it reasonably considers are required by law
or necessary to obtain financing. In the event that the transactions contemplated by this Agreement are not consummated for any
reason whatsoever, the parties hereto agree not to disclose or use any confidential information they may have concerning the affairs
of other parties, except for information which is required by law to be disclosed. Confidential information includes, but is not
limited to, financial records, surveys, reports, plans, proposals, financial information, information relating to personnel contracts,
stock ownership, liabilities and litigation.

 

7.17 Costs, Expenses and Legal Fees. Whether
or not the transactions contemplated hereby are consummated, each party hereto shall bear its own costs and expenses (including
attorneys’ fees), except as set forth in the Escrow Agreement.

 

7.18 Severability. If any provision of this
Agreement is held to be illegal, invalid or unenforceable under present or future laws effecting during the term hereof, such provision
shall be fully severable and this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision
never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not be affected
by the illegal, invalid or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid
and unenforceable provision, there shall be added automatically as part of this Agreement a provision as similar in nature in its
terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.

 

7.19 Counterparts and Facsimile Signatures.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. For purposes of this Agreement, facsimile signatures shall be treated as originals
until such time that applicable pages bearing non-facsimile signatures are obtained from the relevant party or parties.

 

IN WITNESS WHEREOF, the parties hereto have
set their hands this 6th day

of December, 2012.

 

 

SMACK SPORTSWEAR
Team Sports SuperStore, Inc.

A Nevada CorporationA California Corporation

 

 

 

By: /s/ Bill Sigler_____________ By: /s/ Bill Sigler_____________

Bill Sigler Bill Sigler

Its: Chief Executive Officer Its: Chief Executive
OfficerExhibit 10.5

 

 

Team
Sports Superstore, Inc.

2012 STOCK INCENTIVE PLAN

 

ARTICLE I -- PREAMBLE

 

1.1           This
2012 Stock Incentive Plan of Team Sports Superstore, Inc. (the "Company") is intended to secure for the Company
and its Affiliates the benefits arising from ownership of the Company's Common Stock by the Employees, Officers, Directors and
Consultants of the Company, special Athletics and its Affiliates, all of whom are and will be responsible for the Company's future
growth. The Plan is designed to help attract and retain for the Company and its Affiliates personnel of superior ability for positions
of exceptional responsibility, to reward Employees, Officers, Directors, Consultants and Athletics for their services and to motivate
such individuals through added incentives to further contribute to the success of the Company and its Affiliates. This Plan enables
these persons to acquire or increase a proprietary interest in the Company. With respect to persons subject to Section 16 of the
Act, transactions under this Plan are intended to satisfy the requirements of Rule 16b-3 of the Act.

 

1.2           Awards
under the Plan may be made to an Eligible Person in the form of (i) Incentive Stock Options; (ii) Nonqualified Stock Options; (iii)
Restricted Stock; (iv) Stock Awards; (v) Performance Shares; or (vi) any combination of the foregoing.

 

1.3           The
Company’s board of directors and all of the shareholders adopted the Plan on November 19, 2012. The Plan shall be effective
December 1, 2012 (the "Effective Date"). Unless sooner terminated as provided elsewhere in this Plan, this
Plan shall terminate upon the close of business on the day next preceding the tenth (10th) anniversary of the Effective Date. Award
Agreements outstanding on such date shall continue to have force and effect in accordance with the provisions thereof.

 

1.4           The
Plan shall be governed by, and construed in accordance with, the laws of the State of California (except its choice-of-law provisions).

 

1.5           Capitalized
terms shall have the meaning provided in Article II unless otherwise provided in this Plan or any related Award Agreement.

 

ARTICLE II -- DEFINITIONS

 

DEFINITIONS.  Except where
the context otherwise indicates, the following definitions apply:

 

2.1           "Act"
means the Securities Exchange Act of 1934, as now in effect or as hereafter amended.

 

2.2           "Affiliate"
means any parent corporation or subsidiary corporation of the Company, whether now or hereinafter existing, as those terms are
defined in Sections 424(e) and (f), respectively, of the Code.

 

2.3       
  "Award" means an award granted to a Participant in accordance with the provisions of the Plan,
including, but not limited to, Stock Options, Restricted Stock, Stock Awards, Performance Shares, or any combination of the foregoing.

 

2.4        "Award
Agreement" means the separate written agreement evidencing each Award granted to a Participant under the Plan.

 

2.5        "Board
of Directors" or "Board" means the Board of Directors of the Company, as constituted from
time to time.

 

2.6        “Bylaws”
shall mean the Bylaws of the Company as amended from time to time.

 

2.7           "Change
of Control" means (i) the adoption of a plan of merger or consolidation of the Company with any other corporation
or association as a result of which the holders of the voting capital stock of the Company as a group would receive less than 50%
of the voting capital stock of the surviving or resulting corporation; (ii) the approval by the Board of Directors of an agreement
providing for the sale or transfer (other than as security for obligations of the Company) of substantially all the assets of the
Company; or (iii) in the absence of a prior expression of approval by the Board of Directors, the acquisition of more than 20%
of the Company's voting capital stock by any person within the meaning of Rule 13d-3 under the Act (other than the Company or a
person that directly or indirectly controls, is controlled by, or is under common control with, the Company).

 

2.8            
"Code" means the Internal Revenue Code of 1986, as amended, and the regulations and interpretations promulgated
thereunder.

 

2.9          
"Committee" means a committee of two or more members of the Board appointed by the Board in accordance
with Section 3.2 of the Plan.

 

2.10      "Common
Stock" means the Company’s common stock.

 

2.11      "Company"
means Team Sports Superstore, Inc., a California corporation.

 

2.12.      "Consultant"
means any person, including an advisor engaged by the Company or an Affiliate to render bona fide consulting or advisory services
to the Company or an Affiliate, also included are the “Athletic Ambassadors” who are typically
high level volleyball players, and other individuals who are not an Employee, Director or Non-Employee Director of the Company.

 

2.13       "Director"
means a member of the Board of Directors of the Company.

 

2.14           "Disability"
means the permanent and total disability of a person within the meaning of Section 22(e)(3) of the Code.

 

2.15      "Effective
Date" shall be the date set forth in Section 1.3 of the Plan.

 

2.16           "Eligible
Employee" means an Eligible Person who is an Employee of the Company or any Affiliate.

 

2.17           "Eligible
Person" means any Employee, Officer, Director, Non-Employee Director or Consultant of the Company or any Affiliate,
except for instances where services are in connection with the offer or sale of securities in a capital-raising transaction, or
they directly or indirectly promote or maintain a market for the Company’s securities, subject to any other limitations as
may be provided by the Code, the Act, or the Board.  In making such determinations, the Board may take into account the
nature of the services rendered by such person, his or her present and potential contribution to the Company’s success, and
such other factors as the Board in its discretion shall deem relevant.

 

2.19           “Employee”
means an individual who is a common-law employee of the Company or an Affiliate including employment as an Officer. Mere service
as a Director or payment of a director's fee by the Company or an Affiliate shall not be sufficient to constitute "employment"
by the Company or an Affiliate.

 

2.20           "ERISA"
means the Employee Retirement Income Security Act of 1974, as now in effect or as hereafter amended.

 

2.21           "Fair
Market Value" means:

 

(a) for purposes of an Incentive
Stock Option, if there is a market for the Company’s stock, on a stock exchange or in an over-the-counter market or pink
sheets trading market, or otherwise, the Fair Market Value shall be the mean between the highest and lowest quoted selling prices
on the valuation date of the Incentive Stock Option, or if there were no sales of the Company’s Common Stock on the valuation
date, the Fair Market Value shall be the weighted average of the means between the highest and lowest sales on the nearest date
before and the nearest date after the valuation date. If a valuation pursuant to this paragraph is not available, the appropriate
method described in Section 20.2031-2 of the Treasury Regulations adopted under the Code shall be used for the Fair Market Value,
and

 

(b) for all other purposes,
the mean between the highest and lowest quoted selling prices of the Common Stock (if actual sales price information on such trading
day is not available, the mean between the bona fide bid and asked prices on such trading day shall be used) on the trading day
immediately prior to the date on which a determination is being made pursuant to this Section 2.21 (the “Mean Selling
Price”), as reported by the National Association of Securities Dealers Automated Quotation System (“NASDAQ”),
or if the Common Stock is not traded on NASDAQ, the Mean Selling Price in the over-the-counter market or pink sheets trading market;
provided, however, that if the Common Stock is listed on a stock exchange, the Fair Market Value shall be the Mean Selling Price
on such exchange; and, provided further, that if the Common Stock is not quoted or listed by any organization, the fair value of
the Common Stock, as determined by the Board, whose determination shall be conclusive, shall be used.  In no event shall
the Fair Market Value of any share of Common Stock be less than its par value.

 

2.22         "Grant
Date" means, as to any Award, the latest of:

 

(a) the date on which the
Board authorizes the grant of the Award; or

 

(b) the date the Participant
receiving the Award becomes an Employee or a Director of the Company or its Affiliate, to the extent employment status is a condition
of the grant or a requirement of the Code or the Act; or

 

(c) such other date (later
than the dates described in (a) and (b) above) as the Board may designate and as set forth in the Participant's Award Agreement.

 

2.23           "Immediate
Family" means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law or sister-in-law and shall include adoptive relationships.

 

2.24           "Incentive
Stock Option" means a Stock Option intended to qualify as an incentive stock option within the meaning of Section
422 of the Code and is granted under Article IV of the Plan and designated as an Incentive Stock Option in a Participant's Award
Agreement.

 

2.25           "Non-Employee
Director" shall have the meaning set forth in Rule 16b-3 under the Act.

 

2.26           "Nonqualified
Stock Option" means a Stock Option not intended to qualify as an Incentive Stock Option and is not so designated in
the Participant's Award Agreement.

 

2.27           “Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Act.

 

2.28           "Option
Period" means the period during which a Stock Option may be exercised from time to time, as established by the Board
and set forth in the Award Agreement for each Participant who is granted a Stock Option.

 

  2.29           "Option
Price" means the purchase price for a share of Common Stock subject to purchase pursuant to a Stock Option, as established
by the Board and set forth in the Award Agreement for each Participant who is granted a Stock Option.

 

2.30           “Outside
Director” means a Director who either (i) is not a current employee of the Company or an "affiliated corporation"
(within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company
or an "affiliated corporation" receiving compensation for prior services (other than benefits under a tax
qualified pension plan), was not an officer of the Company or an "affiliated corporation" at any time and
is not currently receiving direct or indirect remuneration from the Company or an "affiliated corporation"
for services in any capacity other than as a Director or (ii) is otherwise considered an "outside director"
for purposes of Section 162(m) of the Code.

 

2.31           "Participant"
means an Eligible Person to whom an Award has been granted and who has entered into an Award Agreement evidencing the Award or,
if applicable, such other person who holds an outstanding Award.

 

2.32           "Performance
Objectives" shall have the meaning set forth in Article IX of the Plan.

 

2.33           "Performance
Period" shall have the meaning set forth in Article IX of the Plan.

 

2.34           "Performance
Share" means an Award under Article IX of the Plan of a unit valued by reference to the Common Stock, the payout of
which is subject to achievement of such Performance Objectives, measured during one or more Performance Periods, as the Board,
in its sole discretion, shall establish at the time of such Award and set forth in a Participant's Award Agreement.

 

2.35           "Plan"
means this Team Sports Superstore Inc. 2010 Stock Incentive Plan, as it may be amended from time to time.

 

2.36           “Reporting
Person” means a person required to file reports under Section 16(a) of the Act.

 

2.37           "Restricted
Stock" means an Award under Article VII of the Plan of shares of Common Stock that are at the time of the Award subject
to restrictions or limitations as to the Participant's ability to sell, transfer, pledge or assign such shares, which restrictions
or limitations may lapse separately or in combination at such time or times, in installments or otherwise, as the Board, in its
sole discretion, shall determine at the time of such Award and set forth in a Participant's Award Agreement.

 

 

2.38           "Restriction
Period" means the period commencing on the Grant Date with respect to such shares of Restricted Stock and ending on
such date as the Board, in its sole discretion, shall establish and set forth in a Participant's Award Agreement.

 

2.39           "Retirement"
means retirement as determined under procedures established by the Board or in any Award, as set forth in a Participant's Award
Agreement.

 

2.40           “Rule
16b-3” means Rule 16b-3 promulgated under the Act or any successor to Rule 16b-3, as in effect from time to time.
Those provisions of the Plan which make express reference to Rule 16b-3, or which are required in order for certain option transactions
to qualify for exemption under Rule 16b-3, shall apply only to a Reporting Person.

 

2.41           "Stock
Award" means an Award of shares of Common Stock under Article VIII of the Plan.

 

2.42           "Stock
Option" means an Award under Article IV or Article V of the Plan of an option to purchase Common Stock. A Stock Option
may be either an Incentive Stock Option or a Nonqualified Stock Option.

 

2.43           "Ten
Percent Stockholder" means an individual who owns (or is deemed to own pursuant to Section 424(d) of the Code), at
the time of grant, stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the
Company or any of its Affiliates.

 

2.44           "Termination
of Service" means (i) in the case of an Eligible Employee, the discontinuance of employment of such Participant with
the Company or its Subsidiaries for any reason other than a transfer to another member of the group consisting of the Company and
its Affiliates and (ii) in the case of a Director who is not an Employee of the Company or any Affiliate, the date such Participant
ceases to serve as a Director. The determination of whether a Participant has discontinued service shall be made by the Board in
its sole discretion. In determining whether a Termination of Service has occurred, the Board may provide that service as a Consultant
or service with a business enterprise in which the Company has a significant ownership interest shall be treated as employment
with the Company.

   

ARTICLE III – ADMINISTRATION

 

3.1           The
Plan shall be administered by the Board of Directors of the Company. The Board shall have the exclusive right to interpret and
construe the Plan, to select the Eligible Persons who shall receive an Award, and to act in all matters pertaining to the grant
of an Award and the determination and interpretation of the provisions of the related Award Agreement, including, without limitation,
the determination of the number of shares subject to Stock Options and the Option Period(s) and Option Price(s) thereof, the number
of shares of Restricted Stock or shares subject to Stock Awards or Performance Shares subject to an Award, the vesting periods
(if any) and the form, terms, conditions and duration of each Award, and any amendment thereof consistent with the provisions of
the Plan.  The Board may adopt, establish, amend and rescind such rules, regulations and procedures as it may deem appropriate
for the proper administration of the Plan, make all other determinations which are, in the Board’s judgment, necessary or
desirable for the proper administration of the Plan, amend the Plan or a Stock Award as provided in Article XI, and terminate or
suspend the Plan as provided in Article XI. All acts, determinations and decisions of the Board made or taken pursuant to the Plan
or with respect to any questions arising in connection with the administration and interpretation of the Plan or any Award Agreement,
including the severability of any and all of the provisions thereof, shall be conclusive, final and binding upon all persons.

 

3.2           The
Board may, to the full extent permitted by and consistent with applicable law and the Company’s Bylaws, and subject to Subparagraph
3.2(b) hereinbelow, delegate any or all of its powers with respect to the administration of the Plan to a Committee consisting
of not fewer than two members of the Board each of whom shall qualify (at the time of appointment to the Committee and during all
periods of service on the Committee) in all respects as a Non-Employee Director and as an Outside Director.

 

(a)           If
administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers
theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee
is authorized to exercise (and references in the Plan to the Board shall thereafter be to the Committee or subcommittee), subject,
however, to such resolutions, not consistent with the provisions of the Plan, as may be adopted from time to time by the Board.

 

(b)           The
Board may abolish the Committee at any time and reassume all powers and authority previously delegated to the Committee.

 

(c)           In
addition to, and not in limitation of, the right of any Committee so designated by the Board to administer this Plan to grant Awards
to Eligible Persons under this Plan, the full Board of Directors may from time to time grant Awards to Eligible Persons pursuant
to the terms and conditions of this Plan, subject to the requirements of the Code, Rule 16b-3 under the Act or any other applicable
law, rule or regulation. In connection with any such grants, the Board of Directors shall have all of the power and authority of
the Committee to determine the Eligible Persons to whom such Awards shall be granted and the other terms and conditions of such
Awards.

 

3.3           Without
limiting the provisions of this Article III, and subject to the provisions of Article X, the Board is authorized to take such action
as it determines to be necessary or advisable, and fair and equitable to Participants and to the Company, with respect to an outstanding
Award in the event of a Change of Control as described in Article X or other similar event. Such action may include, but shall
not be limited to, establishing, amending or waiving the form, terms, conditions and duration of an Award and the related Award
Agreement, so as to provide for earlier, later, extended or additional times for exercise or payments, differing methods for calculating
payments, alternate forms and amounts of payment, an accelerated release of restrictions or other modifications. The Board may
take such actions pursuant to this Section 3.3 by adopting rules and regulations of general applicability to all Participants or
to certain categories of Participants, by including, amending or waiving terms and conditions in an Award and the related Award
Agreement, or by taking action with respect to individual Participants from time to time.

   

3.4           Subject
to the provisions of Section 3.9, the maximum aggregate number of shares of Common Stock which may be issued pursuant to Awards
under the Plan shall be 2,500,000 shares. Such shares of Common Stock shall be made available from authorized and unissued shares
of the Company.

 

(a)           For
all purposes under the Plan, each Performance Share awarded shall be counted as one share of Common Stock subject to an Award.

 

(b)           If,
for any reason, any shares of Common Stock (including shares of Common Stock subject to Performance Shares) that have been awarded
or are subject to issuance or purchase pursuant to Awards outstanding under the Plan are not delivered or purchased, or are reacquired
by the Company, for any reason, including but not limited to a forfeiture of Restricted Stock or failure to earn Performance Shares
or the termination, expiration or cancellation of a Stock Option, or any other termination of an Award without payment being made
in the form of shares of Common Stock (whether or not Restricted Stock), such shares of Common Stock shall not be charged against
the aggregate number of shares of Common Stock available for Award under the Plan and shall again be available for Awards under
the Plan. In no event, however, may Common Stock that is surrendered or withheld to pay the exercise price of a Stock Option or
to satisfy tax withholding requirements be available for future grants under the Plan.

 

(c)           The
foregoing subsections (a) and (b) of this Section 3.4 shall be subject to any limitations provided by the Code or by Rule 16b-3
under the Act or by any other applicable law, rule or regulation.

 

3.5           Each
Award granted under the Plan shall be evidenced by a written Award Agreement, which shall be subject to and shall incorporate (by
reference or otherwise) the applicable terms and conditions of the Plan and shall include any other terms and conditions (not inconsistent
with the Plan) required by the Board.

 

3.6           The
Company shall not be required to issue or deliver any certificates for shares of Common Stock under the Plan prior to:

 

(a)           any
required approval of the Plan by the shareholders of the Company; and

 

(b)           the
completion of any registration or qualification of such shares of Common Stock under any federal or state law, or any ruling or
regulation of any governmental body that the Company shall, in its sole discretion, determine to be necessary or advisable.

 

3.7           The
Board may require any Participant acquiring shares of Common Stock pursuant to any Award under the Plan to represent to and agree
with the Company in writing that such person is acquiring the shares of Common Stock for investment purposes and without a view
to resale or distribution thereof.  Shares of Common Stock issued and delivered under the Plan shall also be subject
to such stop-transfer orders and other restrictions as the Board may deem advisable under the rules, regulations and other requirements
of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed and any applicable federal
or state laws, and the Board may cause a legend or legends to be placed on the certificate or certificates representing any such
shares to make appropriate reference to any such restrictions. In making such determination, the Board may rely upon an opinion
of counsel for the Company.

 

3.8           Except
as otherwise expressly provided in the Plan or in an Award Agreement with respect to an Award, no Participant shall have any right
as a shareholder of the Company with respect to any shares of Common Stock subject to such Participant's Award except to the extent
that, and until, one or more certificates representing such shares of Common Stock shall have been delivered to the Participant.
No shares shall be required to be issued, and no certificates shall be required to be delivered, under the Plan unless and until
all of the terms and conditions applicable to such Award shall have, in the sole discretion of the Board, been satisfied in full
and any restrictions shall have lapsed in full, and unless and until all of the requirements of law and of all regulatory bodies
having jurisdiction over the offer and sale, or issuance and delivery, of the shares shall have been fully complied with.

 

3.9           The
total amount of shares with respect to which Awards may be granted under the Plan and rights of outstanding Awards (both as to
the number of shares subject to the outstanding Awards and the Option Price(s) or other purchase price(s) of such shares, as applicable)
shall be appropriately adjusted for any increase or decrease in the number of outstanding shares of Common Stock of the Company
resulting from payment of a stock dividend on the Common Stock, a stock split or subdivision or combination of shares of the Common
Stock, or a reorganization or reclassification of the Common Stock, or any other change in the structure of shares of the Common
Stock. The foregoing adjustments and the manner of application of the foregoing provisions shall be determined by the Board in
its sole discretion. Any such adjustment may provide for the elimination of any fractional shares which might otherwise become
subject to an Award. All adjustments made as the result of the foregoing in respect of each Incentive Stock Option shall be made
so that such Incentive Stock Option shall continue to be an Incentive Stock Option, as defined in Section 422 of the Code.

   

3.10           No
director or person acting pursuant to authority delegated by the Board shall be liable for any action or determination under the
Plan made in good faith.  The members of the Board shall be entitled to indemnification by the Company in the manner
and to the extent set forth in the Company's Articles of Incorporation, as amended, Bylaws or as otherwise provided from time to
time regarding indemnification of Directors.

 

3.11           The
Board shall be authorized to make adjustments in any performance based criteria or in the other terms and conditions of outstanding
Awards in recognition of unusual or nonrecurring events affecting the Company (or any Affiliate, if applicable) or its financial
statements or changes in applicable laws, regulations or accounting principles. The Board may correct any defect, supply any omission
or reconcile any inconsistency in the Plan or any Award Agreement in the manner and to the extent it shall deem necessary or desirable
to reflect any such adjustment. In the event the Company (or any Affiliate, if applicable) shall assume outstanding employee benefit
awards or the right or obligation to make future such awards in connection with the acquisition of another corporation or business
entity, the Board may, in its sole discretion, make such adjustments in the terms of outstanding Awards under the Plan as it shall
deem appropriate.

 

3.12           Subject
to the express provisions of the Plan, the Board shall have full power and authority to determine whether, to what extent and under
what circumstances any outstanding Award shall be terminated, canceled, forfeited or suspended. Notwithstanding the foregoing or
any other provision of the Plan or an Award Agreement, all Awards to any Participant that are subject to any restriction or have
not been earned or exercised in full by the Participant shall be terminated and canceled if the Participant is terminated for cause,
as determined by the Board in its sole discretion.

 

ARTICLE IV -- INCENTIVE STOCK OPTIONS

 

4.1           The
Board, in its sole discretion, may from time-to-time on or after the Effective Date grant Incentive Stock Options to Eligible Employees,
as an Award for past service and an incentive for the performance of future services that will contribute materially to the successful
operation of the Company subject to the provisions of this Article IV and Articles III and VI and subject to the following conditions:

 

(a)           Incentive
Stock Options shall be granted only to Eligible Employees, each of whom may be granted one or more of such Incentive Stock Options
at such time or times determined by the Board.

 

(b)           Incentive
Stock shall be issued to the Employees for their services as an Award for their loyalty to the Company
when cash compensation is uncertain. The Board will determine the amount of stock incentives each employee will receive. 

 

(c)           Incentive
Stock issued to the Employees will vest over a five year period, vesting in the Incentive Stock will start in the second year of
employment.

 

Employment Year Incentive
Stock

Completed Vested

 

Year 1 0%

Year 2 25%

Year 3 50%

Year 4 75%

Year 5100%

 

(d)           The
Award Agreement for each Incentive Stock Option shall provide that the Participant shall notify the Company if such Participant
sells or otherwise transfers any shares of Common Stock acquired upon exercise of the Incentive Stock Option within two (2) years
of the Grant Date of such Incentive Stock Option or within one (1) year of the date such shares were acquired upon the exercise
of such Incentive Stock Option.

 

4.2           Subject
to the limitations of Section 3.4, the maximum aggregate number of shares of Common Stock subject to Incentive Stock Option Awards
shall be the maximum aggregate number of shares available for Awards under the Plan.

 

4.3           The
Board may provide for any other terms and conditions which it determines should be imposed for an Incentive Stock Option to qualify
under Section 422 of the Code, as well as any other terms and conditions not inconsistent with this Article IV or Articles III
or VI, as determined in its sole discretion and set forth in the Award Agreement for such Incentive Stock Option.

 

4.4           Each
provision of this Article IV and of each Incentive Stock Option granted hereunder shall be construed in accordance with the provisions
of Section 422 of the Code, and any provision hereof that cannot be so construed shall be disregarded.

     

     

    

 

ARTICLE V -- NONQUALIFIED STOCK OPTIONS

 

5.1           The
Board, in its sole discretion, may from time-to- time on or after the Effective Date grant Nonqualified Stock Options to Eligible
Persons, subject to the provisions of this Article V and Articles III and VI and subject to the following conditions:

 

(a)           Nonqualified
Stock Options may be granted to any Eligible Person, each of whom may be granted one or more of such Nonqualified Stock Options,
at such time or times determined by the Board.

 

(b)           The
Option Price per share of Common Stock for a Nonqualified Stock Option shall be set in the Award Agreement and may be less than
one hundred percent (100%) of the Fair Market Value of the Common Stock at the Grant Date; provided, however, that the exercise
price of each Nonqualified Stock Option granted under the Plan shall in no event be less than the par value per share of the Company’s
Common Stock.

 

(c)           A
Nonqualified Stock Option may be exercised in full or in part from time to time within the Option Period specified by the Board
and set forth in the Award Agreement; provided, however, that, in any event, the Nonqualified Stock Option shall lapse and cease
to be exercisable upon a Termination of Service or within such period following a Termination of Service as shall have been determined
by the Board and set forth in the related Award Agreement.

 

5.2           The
Board may provide for any other terms and conditions for a Nonqualified Stock Option not inconsistent with this Article V or Articles
III or VI, as determined in its sole discretion and set forth in the Award Agreement for such Nonqualified Stock Option.

 

ARTICLE VI -- STOCK OPTIONS

 

6.1           Each
Stock Option shall be granted subject to such terms and conditions, if any, not inconsistent with this Plan, as shall be determined
by the Board and set forth in the related Award Agreement, including any provisions as to continued employment as consideration
for the grant or exercise of such Stock Option and any provisions which may be advisable to comply with applicable laws, regulations
or rulings of any governmental authority.

 

 

6.2           Except
as hereinafter described, a Stock Option shall not be transferable by the Participant other than by will or by the laws of descent
and distribution, and shall be exercisable during the lifetime of the Participant only by the Participant or the Participant's
guardian or legal representative. In the event of the death of a Participant, any unexercised Stock Options may be exercised to
the extent otherwise provided herein or in such Participant's Award Agreement by the executor or personal representative of such
Participant's estate or by any person who acquired the right to exercise such Stock Options by bequest under the Participant's
will or by inheritance. The Board, in its sole discretion, may at any time permit a Participant to transfer a Nonqualified Stock
Option for no consideration to or for the benefit of one or more members of the Participant's Immediate Family (including, without
limitation, to a trust for the benefit of the Participant and/or one or more members of such Participant's Immediate Family or
a corporation, partnership or limited liability company established and controlled by the Participant and/or one or more members
of such Participant's Immediate Family), subject to such limits as the Board may establish. The transferee of such Nonqualified
Stock Option shall remain subject to all terms and conditions applicable to such Nonqualified Stock Option prior to such transfer.
The foregoing right to transfer the Nonqualified Stock Option, if granted by the Board shall apply to the right to consent to amendments
to the Award Agreement.

 

6.3           Shares
of Common Stock purchased upon exercise of a Stock Option shall be paid for in such amounts, at such times and upon such terms
as shall be determined by the Board, subject to limitations set forth in the Stock Option Award Agreement. The Board may, in its
sole discretion, permit the exercise of a Stock Option by payment in cash or by tendering shares of Common Stock (either by actual
delivery of such shares or by attestation), or any combination thereof, as determined by the Board. In the sole discretion of the
Board, payment in shares of Common Stock also may be made with shares received upon the exercise or partial exercise of the Stock
Option, whether or not involving a series of exercises or partial exercises and whether or not share certificates for such shares
surrendered have been delivered to the Participant. The Board also may, in its sole discretion, permit the payment of the exercise
price of a Stock Option by the voluntary surrender of all or a portion of the Stock Option. Shares of Common Stock previously held
by the Participant and surrendered in payment of the Option Price of a Stock Option shall be valued for such purpose at the Fair
Market Value thereof on the date the Stock Option is exercised.

 

6.4           The
holder of a Stock Option shall have no rights as a shareholder with respect to any shares covered by the Stock Option (including,
without limitation, any voting rights, the right to inspect or receive the Company’s balance sheets or financial statements
or any rights to receive dividends or non-cash distributions with respect to such shares) until such time as the holder has exercised
the Stock Option and then only with respect to the number of shares which are the subject of the exercise.  No adjustment
shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

 

6.5           The
Board may permit the voluntary surrender of all or a portion of any Stock Option granted under the Plan to be conditioned upon
the granting to the Participant of a new Stock Option for the same or a different number of shares of Common Stock as the Stock
Option surrendered, or may require such voluntary surrender as a condition precedent to a grant of a new Stock Option to such Participant.
Subject to the provisions of the Plan, such new Stock Option shall be exercisable at such Option Price, during such Option Period
and on such other terms and conditions as are specified by the Board at the time the new Stock Option is granted. Upon surrender,
the Stock Options surrendered shall be canceled and the shares of Common Stock previously subject to them shall be available for
the grant of other Stock Options.

 

6.6           The
Board may at any time offer to purchase a Participant's outstanding Stock Option for a payment equal to the value of such Stock
Option payable in cash, shares of Common Stock or Restricted Stock or other property upon surrender of the Participant's Stock
Option, based on such terms and conditions as the Board shall establish and communicate to the Participant at the time that such
offer is made.

 

6.7           The
Board shall have the discretion, exercisable either at the time the Award is granted or at the time the Participant discontinues
employment, to establish as a provision applicable to the exercise of one or more Stock Options that, during a limited period of
exercisability following a Termination of Service, the Stock Option may be exercised not only with respect to the number of shares
of Common Stock for which it is exercisable at the time of the Termination of Service but also with respect to one or more subsequent
installments for which the Stock Option would have become exercisable had the Termination of Service not occurred.

 

ARTICLE VII -- RESTRICTED STOCK

 

7.1           The
Board, in its sole discretion, may from time-to-time on or after the Effective Date award shares of Restricted Stock to Eligible
Persons as a reward for past service and an incentive for the performance of future services that will contribute materially to
the successful operation of the Company an its Affiliates, subject to the terms and conditions set forth in this Article VII.

 

7.2           The
Board shall determine the terms and conditions of any Award of Restricted Stock, which shall be set forth in the related Award
Agreement, including without limitation:

 

(a)           the
purchase price, if any, to be paid for such Restricted Stock, which may be zero, subject to such minimum consideration as may be
required by applicable law;

 

(b)           the
duration of the Restriction Period or Restriction Periods with respect to such Restricted Stock and whether any events may accelerate
or delay the end of such Restriction Period(s);

 

(c)           the
circumstances upon which the restrictions or limitations shall lapse, and whether such restrictions or limitations shall lapse
as to all shares of Restricted Stock at the end of the Restriction Period or as to a portion of the shares of Restricted Stock
in installments during the Restriction Period by means of one or more vesting schedules;

 

(d)           whether
such Restricted Stock is subject to repurchase by the Company or to a right of first refusal at a predetermined price or if the
Restricted Stock may be forfeited entirely under certain conditions;

 

(e)           whether
any performance goals may apply to a Restriction Period to shorten or lengthen such period; and

 

(f)           whether
dividends and other distributions with respect to such Restricted Stock are to be paid currently to the Participant or withheld
by the Company for the account of the Participant.

 

 

7.3           Awards
of Restricted Stock must be accepted within a period of thirty (30) days after the Grant Date (or such shorter or longer period
as the Board may specify at such time) by executing an Award Agreement with respect to such Restricted Stock and tendering the
purchase price, if any. A prospective recipient of an Award of Restricted Stock shall not have any rights with respect to such
Award, unless such recipient has executed an Award Agreement with respect to such Restricted Stock, has delivered a fully executed
copy thereof to the Board and has otherwise complied with the applicable terms and conditions of such Award.

 

7.4           In
the sole discretion of the Board and as set forth in the Award Agreement for an Award of Restricted Stock, all shares of Restricted
Stock held by a Participant and still subject to restrictions shall be forfeited by the Participant upon the Participant's Termination
of Service and shall be reacquired, canceled and retired by the Company. Notwithstanding the foregoing, unless otherwise provided
in an Award Agreement with respect to an Award of Restricted Stock, in the event of the death, Disability or Retirement of a Participant
during the Restriction Period, or in other cases of special circumstances (including hardship or other special circumstances of
a Participant whose employment is involuntarily terminated), the Board may elect to waive in whole or in part any remaining restrictions
with respect to all or any part of such Participant's Restricted Stock, if it finds that a waiver would be appropriate.

 

7.5           Except
as otherwise provided in this Article VII, no shares of Restricted Stock received by a Participant shall be sold, exchanged, transferred,
pledged, hypothecated or otherwise disposed of during the Restriction Period.

 

7.6           Upon
an Award of Restricted Stock to a Participant, a certificate or certificates representing the shares of such Restricted Stock will
be issued to and registered in the name of the Participant. Unless otherwise determined by the Board, such certificate or certificates
will be held in custody by the Company until (i) the Restriction Period expires and the restrictions or limitations lapse, in which
case one or more certificates representing such shares of Restricted Stock that do not bear a restrictive legend (other than any
legend as required under applicable federal or state securities laws) shall be delivered to the Participant, or (ii) a prior forfeiture
by the Participant of the shares of Restricted Stock subject to such Restriction Period, in which case the Company shall cause
such certificate or certificates to be canceled and the shares represented thereby to be retired, all as set forth in the Participant's
Award Agreement.  It shall be a condition of an Award of Restricted Stock that the Participant deliver to the Company
a stock power endorsed in blank relating to the shares of Restricted Stock to be held in custody by the Company.

 

7.7           Except
as provided in this Article VII or in the related Award Agreement, a Participant receiving an Award of shares of Restricted Stock
Award shall have, with respect to such shares, all rights of a shareholder of the Company, including the right to vote the shares
and the right to receive any distributions, unless and until such shares are otherwise forfeited by such Participant; provided,
however, the Board may require that any cash dividends with respect to such shares of Restricted Stock be automatically reinvested
in additional shares of Restricted Stock subject to the same restrictions as the underlying Award, or may require that cash dividends
and other distributions on Restricted Stock be withheld by the Company or its Affiliates for the account of the Participant. The
Board shall determine whether interest shall be paid on amounts withheld, the rate of any such interest, and the other terms applicable
to such withheld amounts.

     

     

    

 

ARTICLE VIII -- STOCK AWARDS

 

8.1           The
Board, in its sole discretion, may from time-to-time on or after the Effective Date grant Stock Awards to Eligible Persons in payment
of compensation that has been earned or as compensation to be earned, including without limitation compensation awarded or earned
concurrently with or prior to the grant of the Stock Award, subject to the terms and conditions set forth in this Article VIII.

 

8.2           For
the purposes of this Plan, in determining the value of a Stock Award, all shares of Common Stock subject to such Stock Award shall
be set in the Award Agreement and may be less than one hundred percent (100%) of the Fair Market Value of the Common Stock at the
Grant Date.

   

8.3           Unless
otherwise determined by the Board and set forth in the related Award Agreement, shares of Common Stock subject to a Stock Award
will be issued, and one or more certificates representing such shares will be delivered, to the Participant as soon as practicable
following the Grant Date of such Stock Award. Upon the issuance of such shares and the delivery of one or more certificates representing
such shares to the Participant, such Participant shall be and become a shareholder of the Company fully entitled to receive dividends,
to vote and to exercise all other rights of a shareholder of the Company. Notwithstanding any other provision of this Plan, unless
the Board expressly provides otherwise with respect to a Stock Award, as set forth in the related Award Agreement, no Stock Award
shall be deemed to be an outstanding Award for purposes of the Plan.

 

 

ARTICLE IX -- PERFORMANCE SHARES

 

9.1           The
Board, in its sole discretion, may from time-to-time on or after the Effective Date award Performance Shares to Eligible Persons
as an incentive for the performance of future services that will contribute materially to the successful operation of the Company
and its Affiliates, subject to the terms and conditions set forth in this Article IX.

 

9.2           The
Board shall determine the terms and conditions of any Award of Performance Shares, which shall be set forth in the related Award
Agreement, including without limitation:

 

(a)           the
purchase price, if any, to be paid for such Performance Shares, which may be zero, subject to such minimum consideration as may
be required by applicable law;

 

(b)           the
performance period (the "Performance Period") and/or performance objectives (the "Performance
Objectives") applicable to such Awards;

 

(c)           the
number of Performance Shares that shall be paid to the Participant if the applicable Performance Objectives are exceeded or met
in whole or in part; and

 

(d)           the
form of settlement of a Performance Share.

 

9.3           At
any date, each Performance Share shall have a value equal to the Fair Market Value of a share of Common Stock.

 

9.4           Performance
Periods may overlap, and Participants may participate simultaneously with respect to Performance Shares for which different Performance
Periods are prescribed.

 

9.5           Performance
Objectives may vary from Participant to Participant and between Awards and shall be based upon such performance criteria or combination
of factors as the Board may deem appropriate, including, but not limited to, minimum earnings per share or return on equity. If
during the course of a Performance Period there shall occur significant events which the Board expects to have a substantial effect
on the applicable Performance Objectives during such period, the Board may revise such Performance Objectives.

 

9.6           In
the sole discretion of the Board and as set forth in the Award Agreement for an Award of Performance Shares, all Performance Shares
held by a Participant and not earned shall be forfeited by the Participant upon the Participant's Termination of Service. Notwithstanding
the foregoing, unless otherwise provided in an Award Agreement with respect to an Award of Performance Shares, in the event of
the death, Disability or Retirement of a Participant during the applicable Performance Period, or in other cases of special circumstances
(including hardship or other special circumstances of a Participant whose employment is involuntarily terminated), the Board may
determine to make a payment in settlement of such Performance Shares at the end of the Performance Period, based upon the extent
to which the Performance Objectives were satisfied at the end of such period and pro rated for the portion of the Performance Period
during which the Participant was employed by the Company or an Affiliate; provided, however, that the Board may provide for an
earlier payment in settlement of such Performance Shares in such amount and under such terms and conditions as the Board deems
appropriate or desirable.

   

9.7           The
settlement of a Performance Share shall be made in cash, whole shares of Common Stock or a combination thereof and shall be made
as soon as practicable after the end of the applicable Performance Period.  Notwithstanding the foregoing, the Board
in its sole discretion may allow a Participant to defer payment in settlement of Performance Shares on terms and conditions approved
by the Board and set forth in the related Award Agreement entered into in advance of the time of receipt or constructive receipt
of payment by the Participant.

 

 

9.8           Performance
Shares shall not be transferable by the Participant. The Board shall have the authority to place additional restrictions on the
Performance Shares including, but not limited to, restrictions on transfer of any shares of Common Stock that are delivered to
a Participant in settlement of any Performance Shares.

 

ARTICLE X -- CHANGES OF CONTROL OR OTHER
FUNDAMENTAL CHANGES

 

10.1           Upon
the occurrence of a Change of Control, where the management and ownership of the Company changes, (this does not include a reverse
merger where the Company is the surviving entity in a merger between two companies) and unless otherwise provided by the Board
or in the Award Agreement with respect to a particular Award:

 

(a)           all
outstanding Stock Options shall become immediately exercisable in full, subject to any appropriate adjustments in the number of
shares subject to the Stock Option and the Option Price, and shall remain exercisable for the remaining Option Period, regardless
of any provision in the related Award Agreement limiting the exercisability of such Stock Option or any portion thereof for any
length of time;

 

(b)           all
outstanding Performance Shares with respect to which the applicable Performance Period has not been completed shall be paid out
as soon as practicable as follows:

 

(i)           all
Performance Objectives applicable to the Award of Performance Shares shall be deemed to have been satisfied to the extent necessary
to earn one hundred percent (100%) of the Performance Shares covered by the Award;

 

(ii)           the
applicable Performance Period shall be deemed to have been completed upon occurrence of the Change of Control;

 

(iii)           the
payment to the Participant in settlement of the Performance Shares shall be the amount determined by the Board, in its sole discretion,
or in the manner stated in the Award Agreement, as multiplied by a fraction, the numerator of which is the number of full calendar
months of the applicable Performance Period that have elapsed prior to occurrence of the Change of Control, and the denominator
of which is the total number of months in the original Performance Period; and

 

(iv)           upon
the making of any such payment, the Award Agreement as to which it relates shall be deemed terminated and of no further force and
effect.

 

(c)           all
outstanding shares of Restricted Stock with respect to which the restrictions have not lapsed shall be deemed vested, and all such
restrictions shall be deemed lapsed and the Restriction Period ended.

 

10.2           Anything
contained herein to the contrary notwithstanding, upon the dissolution or liquidation of the Company, each Award granted under
the Plan and then outstanding shall terminate; provided, however, that following the adoption of a plan of dissolution or liquidation,
and in any event prior to the effective date of such dissolution or liquidation, each such outstanding Award granted hereunder
shall be exercisable in full and all restrictions shall lapse, to the extent set forth in Section 10.1(a), (b) and (c) above.

 

 

ARTICLE XI -- AMENDMENT AND TERMINATION

 

11.1           Subject
to the provisions of Section 11.2, the Board of Directors at any time and from time-to-time may amend or terminate the Plan as
may be necessary or desirable to implement or discontinue the Plan or any provision hereof. To the extent required by the Act or
the Code, however, no amendment, without approval by the Company's shareholders, shall:

 

(a)       materially
alter the group of persons eligible to participate in the Plan;

 

(b)           except
as provided in Section 3.4, change the maximum aggregate number of shares of Common Stock that are available for Awards under the
Plan;

 

(c)           alter
the class of individuals eligible to receive an Incentive Stock Option or increase the limit on Incentive Stock Options set forth
in Section 4.1(d) or the value of shares of Common Stock for which an Eligible Employee may be granted an Incentive Stock Option.

 

11.2           No
amendment to or discontinuance of the Plan or any provision hereof by the Board of Directors or the shareholders of the Company
shall, without the written consent of the Participant, adversely affect (in the sole discretion of the Board) any Award theretofore
granted to such Participant under this Plan; provided, however, that the Board retains the right and power to:

 

(a)           annul
any Award if the Participant is terminated for cause as determined by the Board; and

 

(b)           convert
any outstanding Incentive Stock Option to a Nonqualified Stock Option.

 

11.3           If
a Change of Control has occurred, no amendment or termination shall impair the rights of any person with respect to an outstanding
Award as provided in Article X.

 

ARTICLE XII -- MISCELLANEOUS PROVISIONS

 

12.1           Nothing
in the Plan or any Award granted hereunder shall confer upon any Participant any right to continue in the employ of the Company
or its Affiliates or to serve as a Director or shall interfere in any way with the right of the Company or its Affiliates or the
shareholders of the Company, as applicable, to terminate the employment of a Participant or to release or remove a Director at
any time. Unless specifically provided otherwise, no Award granted under the Plan shall be deemed salary or compensation for the
purpose of computing benefits under any employee benefit plan or other arrangement of the Company or its Affiliates for the benefit
of their respective employees unless the Company shall determine otherwise. No Participant shall have any claim to an Award until
it is actually granted under the Plan and an Award Agreement has been executed and delivered to the Company. To the extent that
any person acquires a right to receive payments from the Company under the Plan, such right shall, except as otherwise provided
by the Board, be no greater than the right of an unsecured general creditor of the Company. All payments to be made hereunder shall
be paid from the general funds of the Company, and no special or separate fund shall be established and no segregation of assets
shall be made to assure payment of such amounts, except as provided in Article VII with respect to Restricted Stock and except
as otherwise provided by the Board.

 

 

12.2          The
Plan and the grant of Awards shall be subject to all applicable federal and state laws, rules, and regulations and to such approvals
by any government or regulatory agency as may be required. Any provision herein relating to compliance with Rule 16b-3 under the
Act shall not be applicable with respect to participation in the Plan by Participants who are not subject to Section 16 of the
Act.

 

12.3           The
terms of the Plan shall be binding upon the Company, its successors and assigns.

 

12.4           Neither
a Stock Option nor any other type of equity-based compensation provided for hereunder shall be transferable except as provided
for in Section 6.2. In addition to the transfer restrictions otherwise contained herein, additional transfer restrictions shall
apply to the extent required by federal or state securities laws.  If any Participant makes such a transfer in violation
hereof, any obligation hereunder of the Company to such Participant shall terminate immediately.

 

12.5           This
Plan and all actions taken hereunder shall be governed by the laws of the State of California.

 

12.6           Each
Participant exercising an Award hereunder agrees to give the Board prompt written notice of any election made by such Participant
under Section 83(b) of the Code, or any similar provision thereof.

 

12.7           If
any provision of this Plan or an Award Agreement is or becomes or is deemed invalid, illegal or unenforceable in any jurisdiction,
or would disqualify the Plan or any Award Agreement under any law deemed applicable by the Board, such provision shall be construed
or deemed amended to conform to applicable laws, or if it cannot be construed or deemed amended without, in the determination of
the Board, materially altering the intent of the Plan or the Award Agreement, it shall be stricken, and the remainder of the Plan
or the Award Agreement shall remain in full force and effect.

 

12.8           The
grant of an Award pursuant to this Plan shall not affect in any way the right or power of the Company or any of its Affiliates
to make adjustments, reclassification, reorganizations, or changes of its capital or business structure, or to merge or consolidate,
or to dissolve, liquidate or sell, or to transfer all or part of its business or assets.

 

12.9           The
Plan is not subject to the provisions of ERISA or qualified under Section 401(a) of the Code.

 

12.10         If
a Participant is required to pay to the Company an amount with respect to income and employment tax withholding obligations in
connection with (i) the exercise of a Nonqualified Stock Option, (ii) certain dispositions of Common Stock acquired upon the exercise
of an Incentive Stock Option, or (iii) the receipt of Common Stock pursuant to any other Award, then the issuance of Common Stock
to such Participant shall not be made (or the transfer of shares by such Participant shall not be required to be effected, as applicable)
unless such withholding tax or other withholding liabilities shall have been satisfied in a manner acceptable to the Company.  To
the extent provided by the terms of an Award Agreement, the Participant may satisfy any federal, state or local tax withholding
obligation relating to the exercise or acquisition of Common Stock under an Award by any of the following means (in addition to
the Company's right to withhold from any compensation paid to the Participant by the Company) or by a combination of such means:
(i) tendering a cash payment; (ii) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise
issuable to the Participant as a result of the exercise or acquisition of Common Stock under the Award, provided, however, that
no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (iii)
delivering to the Company owned and unencumbered shares of Common Stock.

 

 

 

 

     

     

    

 

 

RESOLUTIONS OF THE DIRECTORS OF

 

TEAM SPORTS SUPERSTORE, INC.

 

APPROVAL OF THE EMPLOYEE STOCK OPTION PLAN

 

BE IT RESOLVED THAT:

 

1. the Employee Stock Incentive Plan (the "Plan"),
a copy of which is annexed hereto, be and the same is hereby approved;

 

2. the granting to those Eligible Persons of
the Corporation as the Directors of the Corporation may from time to time determine (the "Grantee" and collectively the
"Grantees"), of options (the "Options") pursuant to the Plan to purchase an aggregate of 2,500,000 common shares
of the Corporation at a price per share and on such other terms and conditions as any director or officer may approve consistent
with the Plan, such approval being conclusively evidenced by the execution and delivery by such director or officer on behalf of
the Corporation of Option Agreements (as hereinafter defined) to each of the Grantees, be and the same is hereby approved

 

3. all of the Options shall be exercisable
in whole or in part at any time and from time-to-time prior to December 1, 2017;

 

4. any director or officer of the Corporation
be and is hereby authorized and directed to execute under the corporate seal of the Corporation and to deliver to each of the Grantees
an option agreement (the "Option Agreement") on such terms and conditions as he may determine, but in each case consistent
with the terms of the Plan and this resolution, such determination to be conclusively evidenced thereby;

 

5. the directors of the Corporation will fix
the exercise price per share at the time of issuance as the consideration for the issuance of the common shares issued pursuant
to this resolution;

 

6. upon the exercise of an Option by a Grantee,
at any time or from time to time in accordance with the Plan, the common shares in respect of which the Option is exercised shall
be issued as fully paid and non-assessable and the transfer agent and registrar of the Corporation is hereby authorized and directed
to issue, countersign and register a certificate or certificates representing such common shares to be issued in the names of such
Grantee;

 

7. any one director or officer be and they
are hereby delegated the authority to execute and deliver, on behalf of the Corporation and under its corporate seal or otherwise,
all agreements, instruments, notices, consents, acknowledgments, certificates and other documents and do all such acts and things
as such officer may consider necessary, desirable or useful for the purposes of giving effect to the foregoing resolutions or any
other agreements or instruments herein referred to, including the registration, recording and filing of any agreement or instrument;
and

 

8. these resolutions may be executed in counterparts
and such counterparts together shall constitute a single instrument. Delivery of an executed counterpart of these resolutions by
electronic means, including, without limitation, by facsimile transmission or by electronic delivery shall be equally effective
as delivery of a manually executed counterpart hereof. Any party delivering an executed counterpart of these resolutions by electronic
means shall also deliver a manually executed counterpart hereof by mail or courier.

 

THE UNDERSIGNED, being
all the directors of the Corporation, hereby sign the foregoing resolution pursuant to the provisions.

 

Dated as of the 19th day of November, 2012.

 

 

 

/s/ Bill Sigler

___________________________________

Bill Sigler

Director

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