Document:

Agreement, between Blackstone Holdings I  L.P.  and Laurence A. Tosi

 Exhibit 10.28 
 [Execution Copy] 
 As of June 9, 2008 
 Mr. Laurence A. Tosi 
 388 W. Broadway 
 Loft B 
 New York, New York 10012 
 Dear Laurence: 
 We are pleased to confirm the terms relating
to your becoming a Senior Managing Director (“SMD”) and Chief Financial Officer of Blackstone (as defined below) as soon as possible, but no later than December 10, 2008 (your “Start Date”). This letter
agreement (this “SMD Agreement”) shall be effective as of the “as of” date first set forth above (the “Effective Date”) and sets forth the terms of your becoming an SMD with Blackstone (as defined below).
“Blackstone” or “Blackstone Entities” means The Blackstone Group L.P. and its current and future affiliates; provided, that the terms “Blackstone” and “Blackstone Entities” do not include
any investment fund affiliated with a Blackstone Entity or any portfolio company or underlying investment of any fund affiliated with a Blackstone Entity. The limited liability company agreement, limited partnership agreement or other governing
agreement of any Blackstone Entity in which you have a partnership, membership or other participation interest, in each case now or hereafter in existence and as amended and/or restated, is herein called such Blackstone Entity’s
“Governing Agreement.” “Active Member” of a Blackstone Entity means a person who is (i) an SMD and (ii) an active member or partner (excluding a withdrawn, retaining withdrawn or deceased member or
partner) of such Blackstone Entity. 
 1. Title; Reporting; Key Responsibilities. 
 (a) You will be Chief Financial Officer and an SMD of Blackstone. 
 (b) You will report to Hamilton E. James (“HEJ”), President and Chief Operating Officer of the firm, and, if HEJ is not available, to Stephen A. Schwarzman (“SAS”), Chairman and Chief
Executive Officer of the firm. 
 (c) You will (i) serve on the Executive Committee of Blackstone, (ii) attend meetings of the
Management Committee and (iii) have such other duties as are customary for the chief financial officer of a public company. 
 2.
Your Annual Draw; Health and Related Benefits, Guaranteed Compensation. 
 (a) Except as otherwise provided herein, you will be paid
such distributions and benefits as may be determined by Blackstone from time to time. Effective as of your Start Date, you will be entitled to take a draw at an annual rate equal to the annual draw of other SMDs generally (which rate currently is
$350,000 (prorated for any portion of a calendar year in which you are not an SMD)), payable in equal monthly installments against your allocable share of the net pre-tax income of certain Blackstone Entities and/or your annual bonus compensation
(including the 2008 Minimum Comp (defined below) for purposes of the 2008 calendar year). You understand and agree that (x) the amounts and types of your distributions remain at all times subject to the sole discretion of Blackstone and are
subject to change at any time and (y) Blackstone may alter, amend, modify, discontinue or supplement any and all benefits, policies and programs at any time in its sole discretion, except in each case for 2008 Minimum Comp as provided in
Section 2(d) below and your percentage of net management fee income and carried interest 

 
for 2009 as provided in Section 2(e) below. Your annual bonus may be subject to Blackstone’s policies regarding minimum deferral on a basis
generally consistent with other SMDs; provided that you shall not be required by Blackstone to defer any portion of the 2008 Minimum Comp. 
 (b) You will also receive health care insurance and other benefits related to such health care insurance comparable to those provided generally to all SMDs. You hereby acknowledge that, as an SMD, you will be responsible for the payment of
such insurance and other benefits on the same basis generally as other SMDs. You will also receive all other benefits generally available to other SMDs, including five weeks of annual vacation (prorated for any calendar year in which you are an SMD
for less than the entire calendar year). 
 (c) During your service at Blackstone (in any capacity) and until the expiration of all transfer
restrictions applicable to any limited partner interests or units you may hold of Blackstone Holdings or The Blackstone Group L.P., respectively (collectively, the “BX Units”), you agree (on behalf of yourself and any and all estate
planning vehicles, partnerships or other legal entities controlled by or affiliated with you (“Affiliated Vehicles”)) that all BX Units held by you and all such Affiliated Vehicles will only be held in an account at
Blackstone’s equity plan administrator or otherwise administered by such administrator. 
 (d) If (i) you are still an SMD with
Blackstone on December 31, 2008, (ii) Blackstone terminates your services as an SMD without Cause (as defined below, except that for purposes of this Section 2(d), Section 3(c)(ii) and Section 3(c)(iii), all determinations
of Cause shall be made using an objective, reasonable person standard) prior to December 31, 2008 or (iii) Blackstone breaches its agreement to commence your service on the terms specified in Section 1 on or about your Start Date, you
will be entitled to guaranteed minimum aggregate compensation of $3,500,000 cash for 2008 (“2008 Minimum Comp”), which amount includes the pro rated amount of your annual draw as set forth in Section 2(a) for services performed
in 2008 and your annual bonus (including any portion of such amounts that you may, at your sole discretion, elect to defer). If your service as an SMD is terminated by Blackstone without Cause prior to December 31, 2008 or Blackstone breaches
its agreement to commence your service on the terms specified in Section 1 on or about the Start Date, your 2008 Minimum Comp shall be paid to you within 30 days of such termination or the elapsed Start Date, as applicable. 
 (e) If you are still an SMD with Blackstone on December 31, 2009, you will be entitled to (i) 0.215% of the net management fee income (before
SMD compensation and taxes except New York City unincorporated business tax) from Blackstone Entities that generate (non-performance/non-incentive) management fees from investment funds and portfolio companies affiliated with any Blackstone Entities
and (ii) 0.2% of the profit sharing percentage in all Blackstone carried interest vehicle transactions that close after January 1, 2009, subject to applicable vesting. Carried interest with respect to any transaction will be subject to
customary obligations and conditions contained in the Governing Agreements of the Blackstone Entity (e.g., vesting, clawback, holdback, capital commitment obligations, forfeitures, future dilution) on the same terms applicable to other SMDs
generally working on such transaction. 
 3. Side-by-Side Investment; Funds of Funds; Deferred Units. 
 (a) Side-by-Side Allocations. You will also be allocated $1,250,000 for each election period (or approximately $2,500,000 per year at a normalized
investment rate) (subject to proration for any portion of an annual election period in which you are not an SMD) in side-by-side investment opportunities generated through BCP V, BREP VI, BREP International II and Blackstone Mezzanine Partners II
L.P. (and/or other side-by-side investment opportunities that become available to SMDs generally), such aggregate amount to be allocated among the foregoing funds for each annual 

  

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election period in proportion, as nearly as practicable, to the amounts of side-by-side investment opportunities available through the respective funds for
such annual election period; provided that (i) your allocations will provide you the opportunity, but not the obligation, to invest personally and (ii) your allocations in 2008 shall be made available only if you can demonstrate to
Blackstone that you are a “qualified purchaser” under the Securities Act of 1933, as amended. 
 (b) Funds of Funds. You
will have the opportunity, but not the obligation, to invest personally in Blackstone’s fund of funds investment products managed by Blackstone Alternative Asset Management L.P. (or its successor, “BAAM”) as long as you serve
as an SMD, subject to the same limitations on exclusions from management fees or incentive fees that are applicable to other SMDs generally with respect to their BAAM investments; provided that you invest an amount in such fund of funds
investment products that is reasonably consistent with amounts invested therein generally by other SMDs, as determined by Blackstone. 
 (c)
Deferred Unit Awards 
 (i) Start Date Awards. You will receive promptly after the Start Date, two equity-based
awards (the “Start Date Awards”) under Section 8 of the Blackstone Group L.P. 2007 Equity Incentive Plan (the “Plan”) equal, respectively, to: 
  

	 	1.	155,764 deferred partnership units (“Partnership Units”) of Blackstone Holdings (as defined in the IPO registration statement of The Blackstone Group L.P.)
(“Deferred Units”) (the “Sign-On Grant”); and 

  

	 	2.	338,381 Deferred Units (the “Make-Whole Grant”), representing the forfeiture of compensation-related items from Merrill Lynch (the “Forfeited
Equity”). 

 (ii) 2008 Equity Bonus Award. In addition to the Start Date Awards, if (A) you
are still an SMD with Blackstone on the date in calendar year 2009 when bonuses generally are paid to other SMDs in respect of calendar year 2008 (e.g., around January 15, 2009), (B) Blackstone terminates your services as an SMD without
Cause prior to such payment date or (C) Blackstone breaches its agreement to commence your service on the terms specified in Section 1 on or about your Start Date, then you will receive an equity-based award under Section 8 of the
Plan equal to $4,500,000 of Deferred Units, calculated using the 30-day volume weighted average trading price of Partnership Units prior to the date of grant (the “2008 Equity Bonus Grant” and, together with the Start Date Awards,
the “Awards”). 
 (iii) Vesting. The Deferred Units will vest as follows: 
  

	 	1.	The Deferred Units underlying the Sign-On Grant will vest 100% on the fifth anniversary of the Start Date (with no partial period vesting); 

  

	 	2.	The Deferred Units underlying the Make-Whole Grant will vest and any restrictions shall lapse in accordance with the vesting schedule of the Forfeited Equity (as set forth on
Schedule A); and 

  

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	 	3.	The Deferred Units underlying the 2008 Equity Bonus Grant will vest such that 20% vest upon each of the first, second, third, fourth and fifth anniversaries of the grant date;
provided that if the 2008 Equity Bonus Grant is granted on the date set forth in clause (B) or clause (C) of paragraph (ii) above, then the Deferred Units underlying the 2008 Equity Bonus Grant shall be 100% vested on the
applicable date of grant. 

 The unvested portion of your Awards will be terminated and will be null and void (and cease to
represent a right to receive Partnership Units) once you are no longer an SMD of Blackstone for any reason, except that the then-outstanding, but unvested portion of your Awards will become fully vested (and not subject to call rights or repurchase
rights, except as described in Section 3(c)(v) below or in the Non-Competition Agreement) if (i) your service with Blackstone is terminated by Blackstone without Cause or as a result of your death, permanent disability or (ii) there
is a Change in Control (as defined in the partnership agreements of Blackstone Holdings). The unvested portion of your Award (and any vested Deferred Units which have been retained and not yet delivered to you pursuant to Section 3(c)(iv)
below) will also be terminated and be null and void upon the termination of your service with Blackstone for Cause. 
 (iv)
Delivery of Partnership Units. As of each vesting date with respect to your Awards, the number of Partnership Units corresponding to the vested portion of the respective Awards shall be delivered to you; provided, however, that
any such Partnership Units that would otherwise be subject to continuing transfer and forfeiture restrictions as described in Section 3(c)(v) shall not be delivered to you as of the relevant vesting date and shall instead be retained by
Blackstone and delivered to you as of the date on which the related transfer restrictions lapse and, in the event your services as an SMD are terminated, forfeiture restrictions lapse. Prior to the delivery of the underlying Partnership Units, you
will not be the actual owner of the Partnership Units underlying your Awards and will not have any voting rights or rights with respect to distributions with respect to such Partnership Units, except as provided in Section 3(c)(vi) below.

 (v) Post-Vesting Transferability and Forfeiture Restrictions. The Partnership Units delivered to you under any
vested portion of your Deferred Units will generally be freely transferable after vesting (subject to the partnership agreements of Blackstone Holdings and any trading procedures established by Blackstone and generally applicable to SMDs), except
that (i) you may only transfer up to 33 1/3%, 66 2/3% and 75% of the aggregate number of Deferred Units which vested under each Award on and after the first, second and third anniversaries, respectively, of your Start Date and (ii) you
will not be permitted to transfer more than 75% of the aggregate number of Deferred Units which vested under your Awards during your service with Blackstone and, following your termination of service, during the non-compete and non-solicit periods
described in the Non-Competition Agreement. The Partnership Units underlying your Awards which are unvested or which are not transferable and thus remain undelivered pursuant to Section 3(c)(iv), will also remain subject to the forfeiture terms
described under Section 3(c)(v) hereof and Section IV of the Non-Competition Agreement until such restrictions lapse. All transfer restrictions will lapse upon (i) your death or permanent disability or (ii) a Change in Control.

  

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 (vi) Dividends. To the extent that distributions or dividends are made with
respect to Partnership Units underlying your Deferred Units (i.e., those Partnership Units that have not yet been delivered to you), you will receive such distributions or dividends with respect to those Deferred Units (whether or not vested and/or
delivered) related to Blackstone earnings accruing during the periods you are associated with Blackstone; provided that you will not be entitled to dividends if you do not hold your vested units on any record date (due to for example, your
selling such units prior to a record date). 
 4. Compliance Policies; Non-Competition. 
 (a) You acknowledge and agree that you are subject to all applicable provisions of the Blackstone compliance policies applicable to you that have been
made available to you, including the Compliance Policies and Procedures Manual (to the extent applicable to you), Investment Adviser Compliance Policies and Procedures and its related supplements (each, to the extent applicable to you), and USA
Patriot Act Anti-Money Laundering Policies, as well as Blackstone’s Code of Business Conduct and Ethics (including the Code of Ethics for Financial Professionals, if applicable) and the Employee Handbook and Business Continuity Plan (or in the
case of UK-based SMDs, the U.K. AML Manual and U.K. Compliance Manual) (collectively, the “Blackstone Compliance Policies”). 
 (b) You acknowledge that you have executed the SMD Non-Competition and Non-Solicitation Agreement, attached hereto as Schedule B (the “Non-Competition Agreement”), and agree that the terms thereof are incorporated herein by
reference. 
 (c) Subject to Section 5.5 of the Agreement of Limited Partnership of The Blackstone Group L.P., you acknowledge and agree
that becoming a party to this SMD Agreement does not afford you any rights with respect to the management and/or operation of Blackstone. 
 5. Termination; Resignation 
 (a) You acknowledge and agree that Blackstone may terminate your service at any time for any
reason, or for no reason at all with or without Cause; provided, however, that Blackstone shall provide you with written notice at least ninety days prior to the date of the termination of your service during which Blackstone may elect to
place you on paid leave for all or part of such ninety-day period; provided, further, that during such ninety-day period, you shall continue to receive your base draw and benefits, subject to applicable law and the payment of benefits-related
premiums, but shall not receive or participate in any profit sharing or bonus arrangements (including participation in any carried interest or fee-sharing program). 
 (b) Notwithstanding the foregoing, you acknowledge and agree that Blackstone may terminate your services hereunder for Cause and such termination shall be effective immediately. For purposes of this SMD Agreement,
Cause means the occurrence or existence of any of the following as determined fairly, reasonably, on an informed basis and in good faith by Blackstone: (i) (w) any breach by you of any provision of the Non-Competition Agreement,
(x) any material breach of any rules or regulations of Blackstone applicable to you, (y) your deliberate failure to perform your duties to Blackstone, or (z) your committing to or engaging in any conduct or behavior that is or may be
harmful to Blackstone in a material way; provided that, in the case of any of the foregoing clauses (w), (x), (y) and (z), Blackstone has given you written notice (a “Notice of Breach”) within fifteen days after
Blackstone becomes aware of such action and you fail to cure such breach, failure to perform or conduct or behavior within fifteen days after receipt by you of such Notice of Breach from Blackstone (or such longer period, not to exceed an additional
fifteen days, as shall be reasonably required for such cure, provided that you are diligently pursuing such cure); (ii) any act of fraud, misappropriation, dishonesty, embezzlement or 

  

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similar conduct against Blackstone; or (iii) conviction (on the basis of a trial or by an accepted plea of guilty or nolo contendere) of a felony
or crime (including any misdemeanor charge involving moral turpitude, false statements or misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery), or a determination by a court of competent jurisdiction, by a regulatory
body or by a self-regulatory body having authority with respect to securities laws, rules or regulations of the applicable securities industry, that you individually have violated any applicable securities laws or any rules or regulations
thereunder, or any rules of any such self-regulatory body (including, without limitation, any licensing requirement), if such conviction or determination has a material adverse effect on (A) your ability to function as an SMD, taking into
account the services required of you and the nature of Blackstone’s business or (B) the business of Blackstone. 
 (c) You agree to
provide Blackstone with written notice of your intention to terminate your service with Blackstone at least ninety days prior to the date of such termination (the “Notice Period”). Written notice pursuant to this Section 5(c)
shall be provided to any of the Chief Executive Officer, Chief Operating Officer or Chief Legal Officer of Blackstone. During the Notice Period, you shall perform any and all duties as directed by Blackstone, in its sole discretion. 
 (d) You shall be placed on garden leave status for a period commencing on the day following the conclusion of the ninety-day Notice Period and continuing
for ninety days thereafter (the “Garden Leave Period”). During the Garden Leave Period, you shall continue to receive your base draw and benefits, subject to the payment of related premiums, but shall not receive or participate in
any profit sharing or bonus arrangements (including participation in any carried interest or fee-sharing program). During the Garden Leave Period, you shall not be required to carry out any duties for or on behalf of Blackstone. You agree that you
will not enter into any employment or other business relationship with any other employer or otherwise prior to the conclusion of the Garden Leave Period. 
 (e) The provisions of Sections 5(c) and 5(d) shall not be applicable in instances in which your service with Blackstone is terminated by Blackstone with or without Cause (including if Blackstone elects to terminate
your service during the Garden Leave Period). 
 6. Representations, Warranties and Covenants. 
 (a) Except as set forth on Schedule 6(a) and except for the agreements, arrangements and plans listed on Schedule 6(a) hereto (true, correct and complete
copies of which have been delivered to Blackstone prior to the date hereof), you represent and warrant, as of the date hereof and (except as would not materially impair your ability to perform your duties as described herein) as of your Start Date,
as follows: 
 (i) This SMD Agreement and the Non-Competition Agreement (this SMD Agreement and the Non-Competition Agreement being herein
collectively called the “Other Business Agreements”), constitute valid and binding obligations of you and your affiliates, enforceable against you or any of your affiliates in accordance with the terms thereof. 
 (ii) You are not subject to: 
 1. any restrictive covenants, including without limitation, relating to competition, solicitation or confidentiality (other than general obligations to maintain confidentiality consistent with your fiduciary and other executive duties),
arising from any agreement, oral, written or otherwise, between you and any Other Person (as defined below); or 
  

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 2. any agreement, oral, written or otherwise, between you and any Other Person, or any
common law, statutory or fiduciary duty owed to any Other Person, that will in any way (I) materially compromise, limit or restrict your ability to perform your duties commencing on your Start Date on behalf of all Blackstone Entities pursuant
to any Other Business Agreement, (II) purport to bind contractually or otherwise any of the Blackstone Entities, or (III) subject any Blackstone Entity (or any partner, member, affiliate, officer or employee of any of the foregoing) to any liability
of any kind or to any claim by any Other Person. 
 “Other Person” means any corporation, partnership, limited liability company, sole
proprietorship or other person, entity or association (other than a Blackstone Entity), including, without limitation, any Employer-affiliated Entity (as hereinafter defined). “Past or Present Employer” means any corporation,
partnership, limited liability company, sole proprietorship or other person, entity or association with which you have or have had any employment, partnership, limited liability company, consulting or similar business relationship or of which you
are or have been an officer or director. “Employer-affiliated Entity” means, collectively, any Past or Present Employer and any corporation, partnership, limited liability company, sole proprietorship or other person, entity or
association that is an affiliate, subsidiary, predecessor or successor of any Past or Present Employer. 
 (iii) None of (A) the
execution, delivery and performance of any of the Other Business Agreements, (B) the consummation of the transactions contemplated hereby or thereby or (C) compliance by you with any of the provisions hereof or thereof will
(x) (I) violate or conflict with, or result in a breach of, or default under, any of the provisions of any contract, agreement or other instrument or obligation (including, without limitation, any common law, statutory or fiduciary duty)
to which you are a party, or by which you or any of your properties or assets may be bound or affected (including, without limitation, any agreement with, or any common law, statutory or fiduciary duty owed to, any Employer-affiliated Entity), or
(II) subject any Blackstone Entity (or any partner, member, affiliate, officer or employee of any of the forgoing) to any liability of any kind or to any claim by any Other Person; (y) result in a violation of any law, statute, rule,
regulation, order, writ, injunction or decree applicable to you or to your properties or assets; or (z) require any consent or approval by, or any notification of, or filing with, any person (including any Employer-affiliated Entity,
governmental body or self-regulatory organization). 
 (iv) There are no actions, suits, governmental investigations, claims or other legal
proceedings pending or, to your knowledge, threatened against you. 
 (v) You have not, directly or indirectly, solicited any partners,
members, executives, officers or employees of any Other Person (including, without limitation, any Employer-affiliated Entity) for any employment, partnership, limited liability company, consulting or similar business relationship with Blackstone or
any other entity. 
 (vi) You have all of the proper and necessary licenses (regulatory or otherwise) to conduct your business activities
contemplated by this SMD Agreement. 
 (vii) You have not violated, in any manner that might affect Blackstone, any of the applicable
provisions of any Employer-affiliated Entity’s employment agreements, employee handbooks, benefit plans and similar instruments to which you are or were subject prohibiting competition with such Employer-affiliated Entity, solicitation of its
clients or solicitation and/or hiring of its employees (collectively referred to herein as “Employer-affiliated Entity Restrictive Provisions”). 
  

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 (b) You covenant and agree that you will at all times (i) perform your obligations under the Other
Business Agreements in a manner (A) consistent with: (I) your obligations under all other agreements to which you are a party, or by which you or any of your properties or assets may be bound or affected (including, without limitation, any
agreement with any Employer-affiliated Entity), and (II) any other legal obligations or duties to any Other Person (including without limitation, any common law, statutory or fiduciary duties owed to any Other Person), (ii) act in good faith in
a manner that you reasonably believe to be in Blackstone’s best interests; and (iii) remain in full compliance with all Employer-affiliated Entity Restrictive Provisions to which you are subject. 
 (c) Blackstone represents and warrants that the Other Business Agreements constitute valid and binding obligations of Blackstone and its affiliates,
enforceable against Blackstone or its affiliates in accordance with the terms thereof. 
 7. Arbitration; Venue. Any dispute,
controversy or claim between you and Blackstone, arising out of or concerning the provisions of this SMD Agreement, your service with Blackstone or otherwise concerning any rights, obligations or other aspects of your relationship with Blackstone,
shall be finally resolved in accordance with the provisions of Section VII of the Non-Competition Agreement. Without limiting the foregoing, you acknowledge that a violation on your part of this SMD Agreement would cause irreparable damage to
Blackstone. Accordingly, you agree that Blackstone will be entitled to injunctive relief for any actual or threatened violation of this SMD Agreement in addition to any other remedies it may have. 
 8. Successors and Assigns. This SMD Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
predecessors, successors, assigns, heirs, executors, administrators and personal representatives, and each of them, whether so expressed or not, and to the extent provided herein, the affiliates of the parties and Blackstone. This SMD Agreement is
not assignable by you without the prior written consent of Blackstone, and any attempted assignment of this SMD Agreement, without such prior written consent, shall be void. 
 9. Entire Agreement. This SMD Agreement (including the schedule hereto, which is incorporated herein by reference and made a part hereof),
embodies the complete agreement and understanding among the parties with respect to the subject matter hereof and thereof and supersedes and terminates any prior understandings, agreements or representations, written or oral, which may have related
to the subject matter hereof or thereof in any way, except, to the extent you become a party thereto after the date hereof, for any (i) governing agreements of the general partners or managing members (collectively, “General
Partners”) of Blackstone sponsored investment funds; and (ii) any guarantees executed by you for the benefit of any limited partners or General Partners of any Blackstone sponsored investment fund in respect of any “clawback”
obligation to such Blackstone sponsored investment fund. For the sake of clarity, to the extent of any conflict between Sections 2 and 3 of this SMD Agreement, on the one hand, and the Plan or any Governing Agreement, on the other hand, the
provisions of Sections 2 and 3 of this SMD Agreement shall govern. 
 10. No Implied Duty. Except as otherwise expressly provided in
this SMD Agreement, neither the Blackstone Entities nor any of their members, partners or affiliates will be under any duty, express or implied, of any kind or nature whatsoever (including, without limitation, any implied duty of good faith and fair
dealing) to have revenues, earnings, income or carried interest distributions of any particular amount or at any particular level such that you will be entitled to compensation, earnings, income or distributions of any particular amount, to cause
any amount to be available for distribution to any person, or to distribute any amount to any person, or to maintain your profit sharing percentage at, or raise your profit sharing percentage to, any level, or to retain you as a member or partner of
any Blackstone Entity for any period of time or through any particular date that may be necessary to entitle you to receive any amount. 
  

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 11. Legal Fees. Blackstone will reimburse you for your legal fees and expenses related to the
negotiation and execution of this SMD Agreement; provided that such reimbursement shall not exceed $15,000. 
 12. Indemnification.
You will be entitled to the indemnification provisions on the terms provided in the partnership agreements of Blackstone Holdings (in the form that they exist at the relevant time of such indemnification with respect to the senior executive officers
of Blackstone), during and following the termination of your service with Blackstone, and your rights under this Section 12 and partnership agreements of Blackstone Holdings shall survive indefinitely regardless of termination of this SMD
Agreement for any reason. 
 13. Headings. The section headings in this SMD Agreement are for convenience of reference only and shall
in no event affect the meaning or interpretation of this SMD Agreement. 
 14. Modification or Waiver in Writing. This SMD Agreement
may not be modified or amended except by a writing signed by each of the parties hereto. No waiver of this SMD Agreement or of any promises, obligations or conditions contained herein shall be valid unless in writing and signed by the party against
whom such waiver is to be enforced. No delay on the part of any person in exercising any right, remedy or power hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any person of any such right, remedy or power, nor any
single or partial exercise of any such right, remedy or power, preclude any further exercise thereof or the exercise of any other right, remedy or power. 
 15. Blackstone Partnership Agreement. This SMD Agreement shall be treated as part of the partnership agreements of Blackstone Holdings for purposes of Section 761(c) of the Code and Sections
1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations. Unless otherwise determined by Blackstone, the amounts payable hereunder shall be paid to you in your capacity as a member or partner of one or more applicable Blackstone Entities and
shall be appropriately reflected on your IRS Schedule(s) K-1. The parties do not intend to create an employer-employee relationship hereby and no amounts payable hereunder shall be treated as compensation paid to an employee for tax purposes. You
covenant and agree that you will pay all U.S. federal, state, local and foreign taxes on the amounts payable hereunder that are required by law to be paid by you. 
 16. Governing Law. This SMD Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed entirely within such State.

 17. Counterparts. This SMD Agreement may be executed in any number of counterparts, each of which shall be an original and all of
which shall constitute one and the same instrument. Signatures delivered by facsimile shall be effective for all purposes. 
 18.
Conditions. This SMD Agreement shall not be effective until the completion of a satisfactory drug screening and background check (with respect to education, criminal, employment and credit records). You hereby acknowledge and accept
Blackstone’s employee policies and procedures. 
  

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 WHEREOF, the parties hereto have duly executed this Senior Managing Director Agreement as of the date
first above written, 
  

			
	BLACKSTONE HOLDINGS I L.P.
		
	By:	 	Blackstone Holdings I/II GP Inc., its general partner
		
	By:	 	 /s/ Stephen A. Schwarzman

	Name:	 	Stephen A. Schwarzman
	Title:	 	Chairman and Chief Executive Officer

			
	By:	 	 /s/ Laurence A. Tosi

		 	(Please sign above)
	
	Print Name:    Laurence A. Tosi

 SMD Non-Competition and Non-Solicitation Agreement 
 This SMD Non-Competition and Non-Solicitation Agreement, dated as of June 9, 2008 (the “Non-Competition Agreement”), between
Blackstone Holdings I L.P., a Delaware limited partnership, Blackstone Holdings II L.P., a Delaware limited partnership, Blackstone Holdings III L.P., a Delaware limited partnership, Blackstone Holdings IV L.P., a Québec société
en commandite, and Blackstone Holdings V L.P., a Québec société en commandite (collectively, “Blackstone Holdings” and, together with its subsidiaries and affiliated entities, “Blackstone”), and
each of the other persons from time to time party hereto (each, an “SMD”). 
 WHEREAS, 
 (a) Each SMD acknowledges and agrees that it is essential to the success of Blackstone that Blackstone be protected by non-competition and
non-solicitation agreements that will be entered into by such SMD and other SMDs of Blackstone; 
 (b) Each SMD acknowledges and agrees that
Blackstone would suffer significant and irreparable harm from SMD competing with Blackstone after the termination of SMD’s service with Blackstone; and 
 (c) Each SMD acknowledges and agrees that in the course of such SMD’s service with Blackstone, such SMD has been and will be provided with Confidential Information (as hereinafter defined) of Blackstone, and has
been and will be provided with the opportunity to develop relationships with investors and clients, prospective investors and clients, employees and other agents of Blackstone, and such SMD further acknowledges that such Confidential Information and
relationships are extremely valuable assets in which Blackstone has invested and will continue to invest substantial time, effort and expense; 
 NOW, THEREFORE, for good and valuable consideration, each SMD and Blackstone hereby covenant and agree to the following restrictions which such SMD acknowledges and agrees are reasonable and necessary to protect the legitimate business
interests of Blackstone and which will not unnecessarily or unreasonably restrict such SMD’s professional opportunities should his or her service with Blackstone terminate: 
 I. Non-Competition and Non-Solicitation Covenants 
 A. Non-Competition. Each SMD shall not,
directly or indirectly, during such SMD’s service with Blackstone, and for a period ending twelve months following (i) the termination by Blackstone of such SMD’s service pursuant to Sections 5(a) or 5(b) of the SMD Agreement, or
(ii) the commencement of such SMD’s Garden Leave Period pursuant to Section 5(d) of the SMD Agreement, associate (including but not limited to association as a sole proprietor, owner, employer, principal, investor, joint venturer,
shareholder, associate, employee, member, consultant, contractor or otherwise) with any Competitive Business or any of the affiliates, related entities, successors or assigns of any Competitive Business; provided however that with respect to
the equity of any Competitive Business which is or becomes publicly traded, such SMD’s ownership as a passive investor of less than 3% of the outstanding publicly traded stock of a Competitive Business shall not be deemed a violation of this
Non-Competition Agreement; provided further that if such SMD’s service with Blackstone is terminated without Cause by Blackstone, then the foregoing period of time will be reduced to 90 days rather than twelve months. For purposes of
this Non-Competition Agreement, “Competitive Business” means any business, in any geographical or market area where Blackstone conducts business or provides products or services, that competes with the business of Blackstone,
including any business in which Blackstone 

  

 1 

 
engaged during the term of such SMD’s service and any business that Blackstone was actively considering conducting at the time of such SMD’s
termination of service and of which such SMD has, or reasonably should have, knowledge. 
 B. Non-Solicitation of Clients/Investors.
Each SMD shall not, directly or indirectly, during such SMD’s service with Blackstone, and for a period ending twelve months following (i) the termination by Blackstone of such SMD’s service pursuant to Sections 5(a) or 5(b) of the
SMD Agreement, or (ii) the commencement of such SMD’s Garden Leave Period pursuant to Section 5(d) of the SMD Agreement, (a) solicit, or assist any other individual, person, firm or other entity in soliciting, the business of any
Client or Prospective Client for or on behalf of an existing or prospective Competitive Business; (b) perform, provide or assist any other individual, person, firm or other entity in performing or providing, services similar to those provided
by Blackstone, for any Client or Prospective Client; or (c) impede or otherwise interfere with or damage (or attempt to impede or otherwise interfere with or damage) any business relationship and/or agreement between Blackstone and (i) a
Client or Prospective Client or (ii) any supplier. 
 1. For purposes of this Non-Competition Agreement, “Client” shall
mean any person, firm, corporation or other organization whatsoever for whom Blackstone provided services (including without limitation any investor in any Blackstone fund, any portfolio company of a Blackstone fund, any client of any Blackstone
business group or any other person for whom Blackstone renders any service) with respect to whom each SMD, individuals reporting to such SMD or individuals over whom such SMD had direct or indirect responsibility, had personal contact or dealings on
Blackstone’s behalf during the three-year period immediately preceding such SMD’s termination of service. “Prospective Client” shall mean any person, firm, corporation or other organization whatsoever with whom Blackstone
has had any negotiations or discussions regarding the possible engagement of business, investment in a Blackstone fund, investment in or provision of services to any portfolio company of a Blackstone fund, or the performance of business services
within the eighteen months preceding such SMD’s termination of service with Blackstone with respect to whom such SMD, individuals reporting to such SMD or individuals over whom such SMD had direct or indirect responsibility, had personal
contact or dealing on Blackstone’s behalf during such eighteen-month period. 
 2. For purposes of this Section I.B.,
“solicit” means to have any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, encouraging or requesting any individual, person, firm or other entity, in any manner, to take or
refrain from taking any action. 
 C. Non-Solicitation of Employees/Consultants. Each SMD shall not, directly or indirectly, during
such SMD’s service with Blackstone, and for a period ending two years following (i) the termination by Blackstone of such SMD’s service pursuant to Sections 5(a) or 5(b) of the SMD Agreement or (ii) the commencement of such
SMD’s Garden Leave Period pursuant to Section 5(d) of the SMD Agreement (such period, the “Restricted Period”), solicit, employ, engage or retain, or assist any other individual, person, firm or other entity in soliciting,
employing, engaging or retaining, (a) any employee or other agent of Blackstone, including without limitation any former employee or other agent of Blackstone who ceased working for Blackstone within the twelve-month period immediately
preceding or following the date on which such SMD’s service with Blackstone terminated, or (b) any consultant or senior adviser that such SMD knows or should know is under contract with Blackstone. For purposes of this Section I.C.,
“solicit” means to have any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising, encouraging or requesting any person or entity, in any manner, to terminate their employment or
business relationship with Blackstone, or recommending or suggesting (including by identifying a person or entity to a third party) that a third party take any of the foregoing actions. 
  

 2 

 II. Confidentiality 
 A. Each SMD expressly agrees, at all times, during and subsequent to such SMD’s service with Blackstone, to maintain the confidentiality of, and not to disclose to or discuss with, any person any Confidential
Information (as hereinafter defined), except (i) to the extent reasonably necessary or appropriate to perform such SMD’s duties and responsibilities as an SMD including without limitation furthering the interests of Blackstone and/or
developing new business for Blackstone (provided that Confidential Information relating to (x) personnel matters related to any present or former employee, partner or member of Blackstone (including such SMD himself or herself),
including compensation and investment arrangements, or (y) the financial structure, financial position or financial results of the Blackstone Entities, shall not be so used without the prior consent of Blackstone), (ii) with the prior
written consent of Blackstone, or (iii) as otherwise required by law, regulation or legal process or by any regulatory or self-regulatory organization having jurisdiction; provided that such SMD agrees that a copy of the provisions set
forth in Section I may be disclosed to such SMD’s prospective future employers upon request in connection with such SMD’s application for employment. 
 B. For purposes of this Non-Competition Agreement, “Confidential Information” means information concerning the business, affairs, operations, strategies, policies, procedures, organizational and
personnel matters related to any present or former employee, partner or member of Blackstone (including each SMD himself or herself), including compensation and investment arrangements, terms of agreements, financial structure, financial position,
financial results or other financial affairs, actual or proposed transactions or investments, investment results, existing or prospective clients or investors, computer programs or other confidential information related to the business of Blackstone
or to its members, actual or prospective clients or investors (including funds managed by affiliates of Blackstone), their respective portfolio companies or other third parties. Such information may have been or may be provided in written or
electronic form or orally. All of such information, from whatever source learned or obtained and regardless of Blackstone’s connection to the information, is referred to herein as “Confidential Information.” Confidential Information
excludes information that has been made generally available to the public (although it does include any confidential information received by Blackstone from any clients), but information that when viewed in isolation may be publicly known or can be
accessed by a member of the public will still constitute Confidential Information for these purposes if such information has become proprietary to Blackstone through Blackstone’s aggregation or interpretation of such information. Without
limiting the foregoing, Confidential Information includes any information, whether public or not, which (1) represents, or is aggregated in such a way as to represent, or purport to represent, all or any portion of the investment results of, or
any other information about the investment “track record” of, (a) Blackstone, (b) a business group of Blackstone, (c) one or more funds managed by Blackstone, or (d) any individual or group of individuals during their
time at Blackstone, or (2) describes an individual’s role in achieving or contributing to any such investment results. 
 III. Non-Disparagement

 Each SMD agrees that, during and at any time after such SMD’s service with Blackstone, such SMD will not, directly or indirectly,
through any agent or affiliate, make any disparaging comments or criticisms (whether of a professional or personal nature) to any individual or other third party (including without limitation any present or former member, partner or employee of
Blackstone) or entity regarding Blackstone (or the terms of any agreement or arrangement of any Blackstone entity) or any of their respective affiliates, members, partners or employees, or regarding such SMD’s relationship with Blackstone or
the termination of such relationship which, in each case, are reasonably expected to result in material damage to the business or reputation of Blackstone or any of its affiliates, members, partners or employees. 
  

 3 

 IV. Remedies 
 A. Injunctive Relief. Each SMD acknowledges and agrees that Blackstone’s remedy at law for any breach of the Restrictive Covenants would be inadequate and that for any breach of such covenants, Blackstone shall, in addition to
other remedies as may be available to it at law or in equity, or as provided for in this Non-Competition Agreement, be entitled to an injunction, restraining order or other equitable relief, without the necessity of posting a bond, restraining such
SMD from committing or continuing to commit any violation of such covenants. Each SMD agrees that proof shall not be required that monetary damages for breach of the provisions of this Non-Competition Agreement would be difficult to calculate and
that remedies at law would be inadequate. 
 B. Forfeiture. In the event of any breach of this Non-Competition Agreement, the SMD
Agreement or any limited liability company agreement, partnership agreement or other governing document of Blackstone to which such SMD is a party, or any termination for Cause of such SMD’s services, (i) such SMD shall no longer be
entitled to receive payment of any amounts that would otherwise be payable to such SMD following such SMD’s withdrawal as an SMD, member or partner, as the case may be, of Blackstone (including, without limitation, return of such SMD’s
capital contributions), (ii) all of such SMD’s remaining SMD, member, partner or other interests (including carried interests) in Blackstone (whether vested or unvested and whether delivered or not yet delivered) shall immediately
terminate and be null and void and all of the securities of Blackstone Holdings or the Blackstone Group L.P., a Delaware limited partnership (whether vested or unvested and whether delivered or not yet delivered) held by such SMD or such SMD’s
personal planning vehicle(s) shall be forfeited, (iii) no further such interests or securities will be awarded to such SMD, and (iv) all unrealized gains (by investment) related to such SMD’s side by side investments will be
forfeited. 
 V. Amendment; Waiver 
 A.
This Non-Competition Agreement may not be modified, other than by a written agreement executed by each SMD and Blackstone, nor may any provision hereof be waived other than by a writing executed by Blackstone. 
 B. The waiver by Blackstone of any particular default by each SMD or any employee of Blackstone, shall not affect or impair the rights of Blackstone with
respect to any subsequent default of the same or of a different kind by such SMD or any employee of Blackstone; nor shall any delay or omission by Blackstone to exercise any right arising from any default by such SMD affect or impair any rights that
Blackstone may have with respect to the same or any future default by such SMD or any employee of Blackstone. 
 VI. Governing Law 
 This Non-Competition Agreement and the rights and duties hereunder shall be governed by and construed and enforced in accordance with the laws of the
State of New York. 
 VII. Resolution of Disputes; Submission to Jurisdiction; Waiver of Jury Trial 
 Any and all disputes which cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in connection with the
validity, negotiation, execution, interpretation, performance or non-performance of this Non-Competition Agreement (including the validity, scope and enforceability of this arbitration provision) or otherwise relating to Blackstone (including,
without limitation, any claim of discrimination in connection with such SMD’s tenure as an SMD, partner or member of Blackstone or any aspect of any relationship between such SMD and Blackstone or any 

  

 4 

 
termination of such SMD’s services as such member or partner or of any aspect of any relationship between such SMD and Blackstone) shall be finally
settled by arbitration conducted by a single arbitrator in New York in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the dispute fail to agree on the selection of an arbitrator
within thirty days of the receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language. Performance under this
Non-Competition Agreement shall continue if reasonably possible during any arbitration proceedings. 
 A. Notwithstanding the provisions of
this Section VII, Blackstone may bring an action or special proceeding in any court of competent jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder and/or
enforcing an arbitration award and, for the purposes of this Section VII.A, each SMD (i) expressly consents to the application of this Section to any such action or proceeding, (ii) agrees that proof shall not be required that monetary
damages for breach of the provisions of this Non-Competition Agreement would be difficult to calculate and that remedies at law would be inadequate, and (iii) irrevocably appoints the Chief Legal Officer of Blackstone as such SMD’s agent
for service of process in connection with any such action or proceeding and agrees that service of process upon such agent, who shall promptly advise such SMD of any such service of process, shall be deemed in every respect effective service of
process upon such SMD in any such action or proceeding. 
 B. EACH SMD HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED IN
NEW YORK, NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF SECTION VII.A, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING
THIS NON-COMPETITION AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration or to confirm an arbitration award. The
parties acknowledge that the forum designated by this Section VII.B will have a reasonable relation to this Non-Competition Agreement, and to the parties’ relationship with one another. 
 C. Each SMD hereby waives, to the fullest extent permitted by applicable law, any objection which such SMD now or hereafter may have to personal
jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in Sections VII.A and VII.B and agrees not to plead or claim the same. 
 D. Each SMD hereby agrees that such SMD shall not, nor shall such SMD allow anyone acting on such SMD’s behalf to, subpoena or otherwise seek to
gain access to any financial statements or other confidential financial information relating to Blackstone, or any of their respective members or partners, except as specifically permitted by the terms of this Non-Competition Agreement or by the
provisions of any limited liability company agreement, partnership agreement or other governing document of Blackstone to which such SMD is a party; provided, that in any proceeding referred to in this Section VII, each SMD shall have the right to
use firm financial statements previously provided to such SMD to the extent expressly provided in Section II of this Agreement. 
 VIII. Entire Agreement

 This Non-Competition Agreement contains the entire agreement between the parties with respect to the subject matter herein and
supersedes all prior oral and written agreements between the parties pertaining to such matters. 
  

 5 

 IX. Severability 
 If any provision of this Non-Competition Agreement shall be held or deemed to be invalid, illegal or unenforceable in any jurisdiction for any reason, the invalidity of that provision shall not have the effect of
rendering the provision in question unenforceable in any other jurisdiction or in any other case or of rendering any other provisions herein unenforceable, but the invalid provision shall be substituted with a valid provision which most closely
approximates the intent and the economic effect of the invalid provision and which would be enforceable to the maximum extent permitted in such jurisdiction or in such case. 
  

 6 

 WHEREOF, the parties hereto have duly executed this SMD Non-Competition and Non-Solicitation Agreement as
of the date first above written. 
  

					
		 	BLACKSTONE HOLDINGS I L.P.
			
		 	By:	 	Blackstone Holdings I/II GP Inc., its general partner
			
		 	By:	 	 /s/ Stephen A. Schwarzman

		 	Name:	 	Stephen A. Schwarzman
		 	Title:	 	Chairman and Chief Executive Officer
		
		 	BLACKSTONE HOLDINGS II L.P.
			
		 	By:	 	Blackstone Holdings I/II GP Inc., its general partner
			
		 	By:	 	 /s/ Stephen A. Schwarzman

		 	Name:	 	Stephen A. Schwarzman
		 	Title:	 	Chairman and Chief Executive Officer
		
		 	BLACKSTONE HOLDINGS III L.P.
			
		 	By:	 	Blackstone Holdings III GP L.L.C., its general partner
			
		 	By:	 	 /s/ Stephen A. Schwarzman

		 	Name:	 	Stephen A. Schwarzman
		 	Title:	 	Chairman and Chief Executive Officer
		
		 	BLACKSTONE HOLDINGS IV L.P.
			
		 	By:	 	Blackstone Holdings IV GP L.P., its general partner
			
		 	By:	 	 Blackstone Holdings IV GP Management L.L.C., its
 general
partner

			
		 	By:	 	 /s/ Stephen A. Schwarzman

		 	Name:	 	Stephen A. Schwarzman
		 	Title:	 	Chairman and Chief Executive Officer
		
		 	BLACKSTONE HOLDINGS V L.P.
			
		 	By:	 	Blackstone Holdings V GP L.P., its general partner
			
		 	By:	 	 Blackstone Holdings V GP Management (Delaware) L.P.,
 its
general partner

			
		 	By:	 	 Blackstone Holdings V GP Management L.L.C., its
 general
partner

			
		 	By:	 	 /s/ Stephen A. Schwarzman

		 	Name:	 	Stephen A. Schwarzman
		 	Title:	 	Chairman and Chief Executive Officer

			
	 Agreed and accepted as of the date
 first
above written:

		
	By:	 	 /s/ Laurence A. Tosi

		 	(Please sign above)
	
	Print Name: Laurence A. Tosif8k060608ex10_redrock.htm

    

     

     

    STOCK
FOR STOCK EXCHANGE AGREEMENT

     

    THIS
SHARE EXCHANGE AGREEMENT, dated as of the 6th day of June, 2008 (the
“Agreement”), by and among Red Rock Pictures Holdings, Inc., a Nevada corporation
(the “Company” or “RRPH”); and Studio Store Direct, Inc., a California
corporation (“SSD”) and all of the current SSD shareholders, each of whom has
executed a counterpart signature page to this Agreement (each, a “Shareholder”
and collectively, the “Shareholders”).  RRPH, SSD and the Shareholders
are collectively referred to herein as the “Parties.”

     

    W I T N E
S S E T H:

     

    WHEREAS,
the Shareholders own all of the issued and outstanding capital of SSD (the “SSD
Shares”).

     

    WHEREAS,
the parties to this Agreement intend to enter into share exchange whereby the
SSD Shareholders will exchange 100% of the SSD Shares for designated restricted
common shares of the Company to be issued in accordance with this
Agreement;

     

    WHEREAS,
the Company desires to transfer to the Shareholders, and the Shareholders desire
to acquire from the Company, 11,000,000 (million) restricted common shares of
the Company as listed on Schedule
A attached hereto;

     

    WHEREAS,
it is intended that upon the closing of this Stock for Stock Share Exchange
Agreement, the SSD will become a wholly owned subsidiary of the Company, and
will have its own board of directors.

     

    WHEREAS,
it is intended that simultaneously with the closing of this Agreement the key
SSD employees including the Chief Executive Officer shall enter into employment
agreements with the Company on such terms and conditions as will be
negotiated.  The execution of this Agreement shall be contingent on
the Company and the SSD employees entering into employment
agreements.

     

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

     

    ARTICLE
I

     

    THE
EXCHANGE

     

    1.1 The
Exchange

     

     

    (a) Upon the
terms and subject to the conditions of the Agreement, and in accordance with the
Corporation Laws of the State of Nevada as to the Company and the Corporation
Laws of the State of California as to SSD, the parties hereto shall effect the
following stock for stock exchange as provided herein at Closing effective upon
the Effective Time.  SSD represents it can affirm and approve this
Agreement by consent of its Authorized Representative.

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    (b) In
consideration of the mutual terms, covenants and conditions contained herein,
the Company shall issue and deliver to the Shareholders and/or their designees
11,000,000 shares of Restricted Company Common Stock as set forth opposite their
and/or their designee’s names on Schedule
A hereto or pursuant to separate instructions to be delivered prior to
Closing.  Promptly after Closing, the Company Common Stock will be
delivered by the Company Transfer Agent to the designated owners for the benefit
of each SSD Shareholder or designated assign, or to a shareholder representative
identified in writing who shall be the Authorized Representative of
SSD.  The shares will be legally issued and fully negotiable, except
as to customary restrictions on transferability of unregistered
stock.

     

    (c) In
consideration of the mutual terms, covenants and conditions contained herein,
the SSD Shareholders agree, at closing, to con­tribute, trans­fer,
assign and convey 100% of the outstanding stock equivalent of
SSD.  The SSD Shareholders further covenant and warrant that they will
provide the Company at closing with SSD’s adopted Board of Directors Resolutions
showing that 100% of the SSD Shares are deemed transferred to the Company as
set-out in Schedule
A in exchange for the designated shares of the Company Common
Stock.

     

    (d) The
recitals in this Agreement shall be incorporated as binding facts, conditions,
obligations and undertakings on the parties.

     

    1.2    Prior
to the Closing.Prior to
the Effective Time and as a condition to Closing, SSD shall conduct its business
in ordinary course and there shall be no material adverse change in its
business, financial condition or prospects, and the Company shall have received
final board of directors approval to enter the Share Exchange Agreement before
any Company Common Stock is issued pursuant to this
Agreement.

     

    1.3    Time
and Place of Closing. Subject
to the conditions set forth in Article VII being completed and the delivery of
all documents set forth in Article VI, the closing of the transactions
contemplated hereby (the “Closing”) shall take place upon satisfaction or waiver
by the appropriate parties of all conditions precedent, at the offices of Red
Rock Pictures Holdings, Inc on or before June 15, 2008
(the “Closing Date”) at 5:00 p.m. Pacific Time, or at such place and time as
mutually agreed upon by the parties hereto.

     

    1.4    Effective
Time . The
Exchange shall become effective (the “Effective Time”) at such time as all of
the conditions set forth in Article VII hereof have been satisfied or waived by
the Parties hereto.

     

    1.5    Result
of Stock for Stock Equivalent Exchange.  When the stock for
stock share exchange has been fully consummated and implemented, the following
results or status to the parties shall be extant:

     

    (a)      The
Company will continue as a reporting company under SEC regulations with
ownership of and entitlement to 100% of shares of SSD.

     

    (b)      SSD
will be a wholly owned subsidiary of the Company.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (c)      The
persons nominated below shall be appointed at closing as directors of RRPH
pursuant to this Agreement:

     

    
      	
               
      

            	
              DIRECTORS:

            

    

     

    1.  Reno
R. Rolle

     

    2.  Robert
Levy

     

    3. John
Whitesell

     

    
      	
               
      

            	
              OFFICERS:

            

    

     

    1.   Chairman:  Robert
Levy

     

    2.   CEO/
President:  Reno R. Rolle

     

    3.   CFO:  Lorraine
Evanoff

     

    (d)           The
current officers of SSD shall simultaneously with the execution of this
Agreement enter into an employment agreement with the Company at
closing.

     

    ARTICLE
II

     

    REPRESENTATIONS
AND WARRANTIES OF THE COMPANY 

     

    As an
inducement to, and to obtain the reliance of SSD, the Company represents and
warrants as follows:

     

    2.1    Due
Organization and Qualification; Due Authorization.

     

    (a) The
Company is a corporation duly incorporated, validly existing and in good
standing under the laws of the State of Nevada, with full corporate power and
authority to own, lease and operate its respective business and properties and
to carry on its business in the places and in the manner as presently conducted
or proposed to be conducted.

     

    (b) The
Company has all requisite corporate power and authority to execute and deliver
this Agreement, and to consummate the transactions contemplated hereby and
thereby. The Company has taken all corporate action necessary for the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby, and this Agreement constitutes the valid and binding
obligation of the Company, enforceable against the Company in accordance with
its terms.

     

    2.2    No
Conflicts or Defaults.  The
execution and delivery of this Agreement by the Company and the consummation of
the transactions contemplated hereby do not and shall not (a) contravene the
Articles of Incorporation, as amended, or By-laws of the
Company.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    2.3           Authorization;
Enforcement.  The person or entity executing these documents on
behalf of the Company has the requisite corporate power and authority to enter
into and to consummate the transactions contemplated in this Agreement and
otherwise to carry out its obligations hereunder and thereunder.  The
execution and delivery of this Agreement by the Company and the consummation by
it of the transactions contemplated hereby thereby have been duly authorized by
all necessary action on the part of the Company and no further action is
required by the Company, its board of directors or its stockholders in
connection therewith other than as set forth in this Agreement.  This
Agreement 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.

     

    2.4           Capitalization. The
authorized capital stock of the Company immediately prior to giving effect to
the transactions contemplated hereby consists of 120,000,000 shares of Company
Common Stock at $0.001 par value and 5,000,000 shares preferred stock at
$0.001.  All of the outstanding shares of Company Common Stock are,
and the Company Shares when issued in accordance with the terms hereof, will be,
duly authorized, validly issued, fully paid and nonassessable, and have not been
or, with respect to the Company Shares will not be issued in violation of any
preemptive right of stockholders.

     

    2.5           No
Assets or Liabilities .  Except
as set forth on the Financial Statements and as incurred in the ordinary course
of business, or for those not incurred in the ordinary course of business, the
Company does not have any (a) assets of any kind or (b) liabilities or
obligations, whether secured or unsecured, accrued, determined, absolute or
contingent, asserted or unasserted or otherwise.

     

    2.6           Taxes.  The
Company has filed all United States federal, state, county and local returns and
reports which were required to be filed on or prior to the date hereof in
respect of all income, withholding, franchise, payroll, excise, property, sales,
use, value-added or other taxes or levies, imposts, duties, license and
registration fees, charges, assessments or withholdings of any nature whatsoever
(together, “Taxes”), and has paid all Taxes (and any related penalties, fines
and interest) which have become due pursuant to such returns or reports or
pursuant to any assessment which has become payable, or, to the extent its
liability for any Taxes (and any related penalties, fines and interest) has not
been fully discharged, the same have been properly reflected as a liability on
the books and records of the Company and adequate reserves therefore have been
established.

     

    2.7           Indebtedness;
Contracts; No Defaults. Except
as otherwise disclosed, the Company’s periodic reports available on the EDGAR
filing system contain an accurate, cur­rent and complete list and
description of each contract and agreement required to be disclosed, whether
written or oral, other than this Agree­ment, (the "Contracts") to which the
Company is a party to or by which the Company or any of its assets are
bound.    No claim of breach of contract, tort, product
liability or other claim, con­tingent or otherwise, has been asserted or
threatened against the Company nor, to the best of the Company's knowledge, is
capable of being asserted by any employee, creditor, claimant or other person
against the Company.  No state of facts exists or has ex­isted,
nor has any event occurred, which could give rise to the asser­tion of any
such claim by any person.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    2.8           Offers.  There
are no outstanding offers, bids, proposals or quotations made by the Company,
which, if ac­cepted, would create a Contract with the Company.

     

    2.9           Contracts. On the
Closing Date:

     

    (a) The
Company is not a party to any contract, agreement, commitment or instrument or
subject to any charter or other corporate restriction or any judgment, order,
writ, injunction, decree or award materially and adversely affects, or in the
future may (as far as the Company can now foresee) materially and adversely
affect, the business, operations, properties, assets or conditions of
prevention.

     

    2.10           Permits
and Licenses. The
Company has all certificates of occupancy, rights, permits, certificates,
licenses, franchises, approvals and other authorizations as are reasonably
necessary to conduct its respective business and to own, lease, use, operate and
occupy its assets, at the places and in the manner now conducted and operated,
except those the absence of which would not materially adversely affect its
respective business.

     

    2.11           Litigation. There
is no claim, dispute, action, suit, proceeding or investigation pending or, to
the knowledge of the Company, threatened, against or affecting the business of
the Company, or challenging the validity or propriety of the transactions
contemplated by this Agreement, at law or in equity or admiralty or before any
federal, state, local, foreign or other governmental authority, board, agency,
commission or instrumentality, nor to the knowledge of the Company, has any such
claim, dispute, action, suit, proceeding or investigation been pending or
threatened, during the twelve month period preceding the date hereof.
..

     

    2.12           Securities
Law Compliance. The
Company has complied with all of the applicable requirements of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) and the Securities Act of
1933, as amended (the “Securities Act”), except as otherwise disclosed in the
SEC Reports, and has complied in all material respects with all applicable blue
sky laws in all material respects, except as otherwise disclosed in the SEC
Reports.

     

    2.13           Books
and Records.  The Company’s books and records, financials and
others, are and have been properly prepared and maintained in form and substance
adequate for preparing audited financial statements in accordance with generally
accepted accounting prin­ciples, and fairly and accurately reflect all of
the Company’s assets, obligations and accruals, and all transactions (normally
reflected in books and records in accordance with generally ac­cepted
ac­counting principles) to which the Company is or was a party or by which
the Company or any of its assets are or were affected.

     

    2.14           Consents.  The
execution, delivery and performance by the Company of this Agreement and the
consummation by the Company of the transactions contemplated hereby do not
require any consent that has not been received prior to the date
hereof.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    2.15           Full
Disclosure.  All the representations and warran­ties made
by the Company herein or in any Schedule, and all of the statements, documents
or other information pertaining to the transaction contemplated herein made or
given by the Company, its agents or representatives, are complete and accurate
and does not contain any untrue statement of material fact or omit any
information required to make the statements and information provided, in light
of the transaction con­templated herein, non-misleading, accurate and
meaningful.

     

    ARTICLE
III

     

    REPRESENTATIONS
AND WARRANTIES OF SSD

     

    As an
inducement to, and to obtain the reliance of the Company, SSD represents and
warrants as follows:

     

    3.1    Due
Organization and Qualification; Subsidiaries, Due
Authorization.  SSD is a corporation validly existing and in
good standing under the laws of the State of California has its current
principal business address at 374 Poli Street, Suite 205 Ventura, CA
93001.  SSD and its Authorized Representative has the power and
authority and all material governmental licenses, authorizations, permits,
consents and approvals required to use the land and own, license or lease and
operate its properties and to conduct its business as presently conducted by it
in the manner and location where conducted.

     

    3.2    Authorization;
Enforcement.  The person or entity executing these documents on
behalf of SSD has the requisite corporate power and authority to enter into and
to consummate the transactions contemplated in this Agreement and otherwise to
carry out its obligations hereunder and thereunder.  The execution and
delivery of this Agreement by SSD and the consummation by it of the transactions
contemplated hereby thereby have been duly authorized by all necessary action on
the part of SSD and no further action is required by SSD, its board of directors
or its stockholders in connection therewith other than as set forth in this
Agreement.  This Agreement has been (or upon delivery will have been)
duly executed by SSD and, when delivered in accordance with the terms hereof and
thereof, will constitute the valid and binding obligation of SSD enforceable
against SSD 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.

     

    3.3    No
Conflicts or Defaults . The
execution and delivery of this Agreement by SSD and the consummation of the
transactions contemplated hereby do not and shall not (a) contravene the
governing documents of SSD, or (b) with or without the giving of notice or the
passage of time, (i) violate, conflict with, or result in a breach of, or a
default or loss of rights under, any material covenant, agreement, mortgage,
indenture, lease, instrument, permit or license to which SSD or any of their
respective assets are bound, or any judgment, order or decree, or any law, rule
or regulation to which their assets are subject, (ii) result in the creation of,
or give any party the right to create, any lien upon any of the assets of SSD,
(iii) terminate or give any party the right to terminate, amend, abandon or
refuse to perform any material agreement, arrangement or commitment to which SSD
is a party or by which SSD or any of its assets are bound, or (iv) accelerate or
modify, or give any party the right to accelerate or modify, the time within
which, or the terms under which SSD is to perform any duties or obligations or
receive any rights or benefits under any material agreement, arrangement or
commitment to which it is a party.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    3.4 Capitalization.

     

    (a)           The
entire issued and registered capital of SSD consists of 3,320,250
shares.  In addition:

     

    
      	
              (i)  

            	
              there
      are no warrants, options or other stock rights,  conversion
      privileges, stock purchase plans or other agreements or undertakings which
      obligate SSD now or upon the occurrence of some future event to issue
      shares of capital stock, or to transfer or assign its registered
      capital.

            

    

     

    
      	
              (ii)  

            	
              there
      are no restrictions on the transfer or assignment of proof of payment of
      capital of SSD other than those imposed by relevant U.S. state and federal
      securities laws, and

            

    

     

    
      	
              (iii)  

            	
              no
      capital contributor of SSD is entitled to any preemptive or similar
      statutory or contractual rights, either arising pursuant to an agreement
      or instrument to which SSD is a party or which are otherwise binding on
      SSD.

            

    

     

    (b)       The
capital contributions of the shareholders have been duly made to the
company.

     

    (c)        The
persons named herein as the SSD Shareholders hold all the equity interest of SSD
and such equity interest is transferable pursuant to this Agreement, and title
is fully and exclusively vested in the SSD Shareholders as such capital
contributors’ interest is identified in Schedule
A as attached and incorporated.

     

    3.5           Taxes.  SSD
has filed all returns and reports which were required to be filed on or prior to
the date hereof, and has paid all Taxes (and any related penalties, fines and
interest) which have become due pursuant to such returns or reports or pursuant
to any assessment which has become payable, or, to the extent its liability for
any Taxes (and any related penalties, fines and interest) has not been fully
discharged, the same have been properly reflected as a liability on the books
and records of SSD and adequate reserves therefore have been established. All
such returns and reports filed on or prior to the date hereof have been properly
prepared and are true, correct (and to the extent such returns reflect judgments
made by SSD such judgments were reasonable under the circumstances) and complete
in all material respects. Except as indicated in the Disclosure Schedule, no
extension for the filing of any such return or report is currently in effect.
Except as indicated on the Disclosure Schedule, no tax return or tax return
liability of SSD has been audited or, presently under audit. All taxes and any
penalties, fines and interest which have been asserted to be payable as a result
of any audits have been paid. Except as indicated on the Disclosure Schedule,
SSD has not given or been requested to give waivers of any statute of
limitations relating to the payment of any Taxes (or any related penalties,
fines and interest). There are no claims pending for past due Taxes. Except as
indicated on the Disclosure Statement, all payments for withholding taxes,
unemployment insurance and other amounts required to be paid for periods prior
to the date hereof to any governmental authority in respect of employment
obligations of SSD have been paid or shall be paid prior to the Closing and have
been duly provided for on the books and records of SSD and in the SSD Financial
Statements.

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    3.6           Financial
Statements.  Schedule
B to this Agreement, includes copies of the (i) audited financials of SSD
at December 31, 2006 and 2007, (the “SSD Financial Statements”). The Financial
Statements, together with the notes thereto, have been prepared in accordance
with U.S. generally accepted accounting principles applied on a basis consistent
throughout all periods presented. The Financial Statements present fairly the
financial position of SSD as of the dates and for the periods indicated. The
books of account and other financial records of SSD have been maintained in
accordance with good business practices.

     

    3.7           Compliance
with Law.
SSD is conducting their respective businesses in material compliance with all
applicable law, ordinance, rule, regulation, court or administrative order,
decree or process, or any requirement of insurance carriers material to its
business. SSD has not received any notice of violation or claimed violation of
any such law, ordinance, rule, regulation, order, decree, process or
requirement.

     

    3.8           Litigation:

     

    (a)           There
is no claim, dispute, action, suit, proceeding or investigation pending or
threatened, against or affecting SSD  challenging the validity or
propriety of the transactions contemplated by this Agreement, at law or in
equity or admiralty or before any federal, state, local, foreign or other
governmental authority, board, agency, commission or instrumentality, has any
such claim, dispute, action, suit, proceeding or investigation been pending or
threatened, during the 12-month period preceding the date hereof;

     

    (b)           There
is no outstanding judgment, order, writ, ruling, injunction, stipulation or
decree of any court, arbitrator or federal, state, local, foreign or other
governmental authority, board, agency, commission or instrumentality, against or
materially affecting SSD; and

     

    (c)           SSD  has
not received any written or verbal inquiry from any federal, state, local,
foreign or other governmental authority, board, agency, commission or
instrumentality concerning the possible violation of any law, rule or regulation
or any matter disclosed in respect of its business.

     

    3.9           Consents.  The
execution, delivery and performance by SSD of this Agreement and the
consummation by SSD of the transac­tions contemplated hereby do not require
any consent that has not been received prior to the date hereof, except as
disclosed in Section 7.1.

     

    3.10           Books
and Records.  SSD's books and records are and have been
properly prepared and maintained in form and substance adequate for preparing
audited financial statements in accordance with generally accepted accounting
prin­ciples, and fairly and accurately reflect all of SSD's assets,
obligations and ac­cruals, and all transactions (normally reflected in books
and records in accordance with generally ac­cepted accounting
prin­ciples) to which SSD is or was a party or by which SSD or any of its
assets are or were affected.

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    3.11           Other
Liabilities.  No claim of breach of contract, tort liability or
other claim (whether arising from SSD's business operations or otherwise),
contingent or otherwise, has been asserted or threatened against SSD­ nor,
to the best of SSD's knowledge, is capable of being asserted by any employee,
creditor, claimant or other person against SSD.  No state of facts
exists or has existed, nor has any event occurred, which could give rise to the
assertion of any such claim by any person.

     

    3.12           Conduct
Since Date of Balance Sheet.  Except as otherwise set forth
herein, none of the following has occurred since the date of the Balance
Sheet:

     

    (a)           Any
material adverse change in the financial con­dition, obligations,
capitalization, business, prospects or operations of SSD, nor are there any
circumstances known to SSD which might result in such a material adverse change
or such an effect;

     

    (b)           Any
increase of indebtedness of SSD other than in the ordinary course of
business;

     

    (c)           Any
settlement or other resolution of any dispute or proceeding other than in the
ordinary course of business;

     

    (d)           Any
obligation incurred by SSD other than in the ordinary course of
business;

     

    (f)           Any
payment, discharge or satisfaction of any obligation or judgment, other than in
the ordinary course of busi­ness; or

     

    (g)           Any
agreement obligating SSD to do or take any of the actions referred to in this
Section outside the ordinary course of business.

     

    3.13           Consents.  The
execution, delivery and performance by SSD of this Agreement and the
consummation by SSD­ of the transac­tions contemplated hereby do not
require any consent that has not been received prior to the date
hereof.

     

    3.14           Judgments.  There
is no outstanding judgment against SSD which would give rise to any right of
in­demnification on the part of any current or former shareholder, partner,
director, officer, employee or agent of SSD, or any heir or personal
representative thereof, against SSD­ or any successor to the business of
SSD.

     

    3.15           Full
Disclosure.  All the representations and warran­ties made
by SSD herein or in any Schedule hereto, and all of the state­ments,
documents or other information pertaining to the transac­tion contemplated
herein made or given by SSD­, its agents or representatives are complete and
accurate, and do not omit any in­formation required to make the statements
and information provided, in light of the transaction con­templated herein,
non-misleading, accurate and meaningful.

     

    ARTICLE
IV

     

    REPRESENTATION
AND WARRANTIES OF THE SHAREHOLDERS

     

    Each
Shareholder for himself, herself or itself only, and not with respect to any
other Shareholder, hereby severally represents and warrants to the Company that
now and/or as of the Closing:

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    4.1    Title
to Shares. Each of
the Shareholders is the legal and beneficial owner of the SSD Shares to be
transferred to the Company by such Shareholders.  Upon consummation of
the exchange contemplated herein, the Company will acquire from each of the
Shareholders good and marketable title to the SSD Shares, free and clear of all
liens excepting only such restrictions upon future transfers by the Company, if
any, as may be imposed by applicable law.

     

    4.2    Due
Authorization. Each of
the Shareholders has all requisite power and authority to execute and deliver
this Agreement, and to consummate the transactions contemplated hereby and
thereby. This Agreement constitutes the valid and binding obligation of each of
the Shareholders, enforceable against such Shareholders in accordance with its
terms, except as may be affected by bankruptcy, insolvency, moratoria or other
similar laws affecting the enforcement of creditors’ rights generally and
subject to the qualification that the availability of equitable remedies is
subject to the discretion of the court before which any proceeding therefore may
be brought.

     

    4.3    Purchase
for Investment.

     

    (a) Each of
the Shareholders is acquiring the Company Shares for investment for each of the
Shareholders’ own account and not as a nominee or agent, and not with a view to
the resale or distribution of any part thereof, and such Shareholders have no
present intention of selling, granting any participation in, or otherwise
distributing the same. Each of the Shareholders further represents that he, she
or it does not have any contract, undertaking, agreement or arrangement with any
person to sell, transfer or grant participation to such person or to any third
person, with respect to any of the Company Shares.

     

    (b) Each of
the Shareholders understands that the Company Shares are not registered under
the Securities Act on the ground that the sale and the issuance of securities
hereunder is exempt from registration under the Act pursuant to Regulation D
thereof, and that the Company’s reliance on such exemption is predicated on each
of the Shareholders’ representations set forth herein.

     

    4.4    Investment
Experience. Each of
the Shareholders acknowledges that he, she or it can bear the economic risk of
his or her investment, and has such knowledge and experience in financial and
business matters that he, she or it is capable of evaluating the merits and
risks of the investment in the Company Shares.

     

    4.5    Information. Each of
the Shareholders has carefully reviewed such information as such Shareholders
deemed necessary to evaluate an investment in the Company Shares. To the full
satisfaction of each of the Shareholders, he, she or it has been furnished all
materials that he, she or it has requested relating to the Company and the
issuance of the Company Shares hereunder, and each Shareholder has been afforded
the opportunity to ask questions of representatives of the Company to obtain any
information necessary to verify the accuracy of any representations or
information made or given to the Shareholders. Notwithstanding the foregoing,
nothing herein shall derogate from or otherwise modify the representations and
warranties of the Company set forth in this Agreement, on which the Shareholders
has relied in making an exchange of the SSD Shares for the Company
Shares.

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    4.6    Restricted
Securities. Each of
the Shareholders understands that the Company Shares may not be sold,
transferred, or otherwise disposed of without registration under the Act or an
exemption therefrom, and that in the absence of an effective registration
statement covering the Company Shares or any available exemption from
registration under the Act, the Company Shares must be held indefinitely. Each
of the Shareholders is aware that the Company Shares may not be sold pursuant to
Rule 144 promulgated under the Securities Act unless all of the conditions of
that Rule are met. Among the conditions for use of Rule 144 may be the
availability of current information to the public about the
Company.

     

    4.7    Exempt
Issuance.  Each
of the Shareholders acknowledges that he, she or it must assure the Company that
the offer and sale of the Company Shares to such Shareholder qualifies for an
exemption from the registration requirements imposed by the Securities Act and
from applicable securities laws of any state of the United
States.  Each of the Shareholders agrees that he meets the criteria
established in one or more of subsections (a) or (b), below.

     

    (a) Accredited
Investor, Section 4(2) of the Securities Act and/or Rule 506 of Regulation
D.  The Shareholder qualifies as an “accredited investor”, as
that term is defined in Rule 501 of Regulation D, promulgated under the
Securities Act.

     

    (b) Offshore
Investor, Rule 903 of Regulation S.  The Shareholder is not a
U.S. Person, as defined in Rule 901 of Regulation S, promulgated under the
Securities Act, and the Shareholder, severally but not jointly, represents and
warrants to the Company that:

     

    (i) The
Shareholder is not acquiring the Company Shares as a result of, and such
Shareholder covenants that he, she or it will not engage in any “directed
selling efforts” (as defined in Regulation S under the Securities Act) in
the United States in respect of the Company Shares which would include any
activities undertaken for the purpose of, or that could reasonably be expected
to have the effect of, conditioning the market in the United States for the
resale of any of the Company Shares;

     

    (ii) The
Shareholder is not acquiring the Company Shares for the account or benefit of,
directly or indirectly, any U.S. Person;

     

    ARTICLE
V

     

    COVENANTS

     

    5.1    Further
Assurances. Each of
the Parties shall use its reasonable commercial efforts to proceed promptly with
the transactions contemplated herein, to fulfill the conditions precedent for
such party’s benefit or to cause the same to be fulfilled and to execute such
further documents and other papers and perform such further acts as may be
reasonably required or desirable to carry out the provisions of this Agreement
and to consummate the transactions contemplated herein.

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
VI

     

    DELIVERIES

     

    6.1    Items to
be delivered to SSD and/or the Shareholders prior to or at Closing by the
Company:

     

    (a) all
applicable schedules hereto;

     

    (b) certificates
representing shares of the Company Shares issued in the denominations as set
forth opposite the name of the Shareholders and/or its designees on Schedule
A to this Agreement;

     

    (c)           any
other document reasonably requested by the Shareholders that it deems necessary
for the consummation of this transaction.

     

    6.2           Items
to be delivered to the Company prior to or at Closing by SSD and the
Shareholders:

     

    (a)      SSD
shall deliver or assign to the Company the SSD proof of share ownership by the
respective shareholders listed on Schedule
A issued by SSD, and execute and deliver the applicable documents of
conveyance and assignment of title;

     

    (b)           a
resolution that grants authority to the person or entity executing this
Agreement on behalf of SSD to enter into the agreement and bind SSD to the terms
and conditions of this Agreement;

     

    (c)           an
agreement from each Shareholder surrendering his or her shares;

     

    (d)           a
copy of a consent of SSD’s  Board of Directors authorizing SSD to take
the necessary steps toward Closing the transaction described by this Agreement
in the form set forth in Schedule B;

     

    (e)           such
other documents, instruments or certificates as shall be reasonably requested by
the Company or its counsel.

     

    ARTICLE
VII

     

    CONDITIONS
PRECEDENT

     

    7.1    Conditions
Precedent to Closing.  The
obligations of the Parties under this Agreement shall be and are subject to
fulfillment, prior to the Effective Time of this Agreement, of each of the
following conditions:

     

    (a) That each
of the representations and warranties of the Parties contained herein shall be
true and correct at the time of the Closing date as if such representations and
warranties were made at such time except for changes permitted or contemplated
by this Agreement;

     

    (b) That the
Parties shall have performed or complied with all agreements, terms and
conditions required by this Agreement to be performed or complied with by them
prior to or at the time of the Closing;

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

     

    (c)           The
Company shall have received all of the shareholder and other third party
consents, approvals and authorizations necessary to consummate the transactions
contemplated by this Agreement;

     

    (d)           No
litigation shall have been in­stituted on or before the time of the Closing
by any person, the result of which did or could prevent or make illegal the
consummation of the transaction contemplated by this Agree­ment, or which
had or could have a material adverse effect on the busi­ness of any of the
Parties.

     

    (j)           SSD
and the Shareholders shall have received all of the shareholder and other third
party consents, approvals and authorizations necessary to consummate the
transactions contemplated by this Agreement; and

     

    (k)           The
Shareholders shall have delivered to the Company the share certificates and duly
executed stock powers from the Shareholders transferring the SSD Shares to the
Company.

     

    ARTICLE
VIII

     

    INDEMNIFICATION

     

    8.1    Indemnity
of the Company. The
Company agrees as to defend, indemnify and hold harmless the Shareholders from
and against, and to reimburse the Shareholders with respect to, all liabilities,
losses, costs and expenses, including, without limitation, reasonable attorneys’
fees and disbursements (collectively the “Losses”) asserted against or incurred
by the Shareholders by reason of, arising out of, or in connection with any
material breach of any representation or warranty contained in this Agreement
made by the Company or in any document or certificate delivered by the Company
pursuant to the provisions of this Agreement or in connection with the
transactions contemplated thereby.

     

    8.2    Indemnity
of the Shareholders. The
Shareholders, joint and severally, agree to defend, indemnify and hold harmless
the Company from and against, and to reimburse the Company with respect to, all
losses, including, without limitation, reasonable attorneys’ fees and
disbursements, asserted against or incurred by the Company by reason of, arising
out of, or in connection with any material breach of any representation or
warranty contained in this Agreement and made by the Shareholders or in any
document or certificate delivered by the Shareholders pursuant to the provisions
of this Agreement or in connection with the transactions contemplated thereby,
it being understood that the Shareholders shall have responsibility hereunder
only for the representations and warranties made by the
Shareholders.

     

    8.3    Indemnification
Procedure. A party
(an “Indemnified Party”) seeking indemnification shall give prompt notice to the
other party (the “Indemnifying Party”) of any claim for indemnification arising
under this Article VIII. The Indemnifying Party shall have the right to assume
and to control the defense of any such claim with counsel reasonably acceptable
to such Indemnified Party, at the Indemnifying Party’s own cost and expense,
including the cost and expense of reasonable attorneys’ fees and disbursements
in connection with such defense, in which event the Indemnifying Party shall not
be obligated to pay the fees and disbursements of separate counsel for such in
such action. In the event, however, that such Indemnified Party’s legal counsel
shall determine that defenses may be available to such Indemnified Party that
are different from or in addition to those available to the Indemnifying Party,
in that there could reasonably be expected to be a conflict of interest if such
Indemnifying Party and the Indemnified Party have common counsel in any such
proceeding, or if the Indemnified Party has not assumed the defense of the
action or proceedings, then such Indemnifying Party may employ separate counsel
to represent or defend such Indemnified Party, and the Indemnifying Party shall
pay the reasonable fees and disbursements of counsel for such Indemnified Party.
No settlement of any such claim or payment in connection with any such
settlement shall be made without the prior consent of the Indemnifying Parry
which consent shall not be unreasonably withheld.

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
IX

     

    TERMINATION

     

    9.1    Termination. This
Agreement may be terminated at any time before or, at Closing,
by:

     

    (a) The
mutual agreement of the Parties;

     

    (b) Either
the Company or SSD, but not by a Shareholder if-

     

    (i) Any
provision of this Agreement applicable to a party shall be materially untrue or
fail to be accomplished; or

     

    (ii) Any legal
proceeding shall have been instituted or shall be imminently threatening to
delay, restrain or prevent the consummation of this
Agreement;

     

    (c) Upon
termination of this Agreement for any reason, in accordance with the terms and
conditions set forth in this paragraph, each said party shall bear all costs and
expenses as each party has incurred.

     

    ARTICLE
X

     

    MISCELLANEOUS

     

    10.1    Survival
of Representations, Warranties and Agreements. Each of
the parties hereto is executing and carrying out the provisions of this
Agreement in reliance upon the representations, warranties and covenants and
agreements contained in this agreement or at the closing of the transactions
herein provided for and not upon any investigation which it might have made or
any representations, warranty, agreement, promise or information, written or
oral, made by the other party or any other person other than as specifically set
forth herein.  Except as specifically set forth in this Agreement,
representations and warranties and statements made by a party to in this
Agreement or in any document or certificate delivered pursuant hereto shall not
survive the Closing Date, and no claims made by virtue of such representations,
warranties, agreements and covenants shall be made or commenced by any party
hereto from and after the Closing Date.  Each warranty and
representation made by a party in this Agreement or pursuant hereto is
independent of all other warranties and representations made by the same party
in this Agreement or pursuant hereto (whether or not covering identical, related
or similar matters) and must be independently and separately
satisfied.  Exceptions or qualifications to any such warranty or
representation shall not be construed as exceptions or qualifications to any
other warranty or representa­tion.

     

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    10.2    Further
Assurances . If, at
any time after the Closing, the parties shall consider or be advised that any
further deeds, assignments or assurances in law or that any other things are
necessary, desirable or proper to complete the share exchange in accordance with
the terms of this agreement or to vest, perfect or confirm, of record or
otherwise, the title to any property or rights of the parties hereto, the
Parties agree that their proper officers and directors shall execute and deliver
all such proper deeds, assignments and assurances in law and do all things
necessary, desirable or proper to vest, perfect or confirm title to such
property or rights and otherwise to carry out the purpose of this Agreement, and
that the proper officers and directors the parties are fully authorized to take
any and all such action.

     

    10.3    Noticev. All
communications, notices, requests, consents or demands given or required under
this Agreement shall be in writing and shall be deemed to have been duly given
when delivered to, or received by prepaid registered or certified mail or
recognized overnight courier addressed to, or upon receipt of a facsimile sent
to, the party for whom intended, as follows, or to such other address or
facsimile number as may be furnished by such party by notice in the manner
provided herein:

     

              If
to the Shareholders and SSD:

     

    Studio
Store Direct, Inc.

    374 Poli
Street, Suite 205

    Ventura,
CA 93001

     

            With
a copy to:

     

             If
to the Company:

     

    Red Rock
Pictures Holdings, Inc.

    8228
Sunset Boulevard, 3rd
Floor

    Los
Angeles, California 90046

     

    With a
copy to:

     

    Anslow
& Jaclin, LLP

    Attn:
Richard I. Anslow

    195 Route
9 South, Suite 204

    Manalapan,
NJ 07726

     

     

    10.4    Entire
Agreement. This
Agreement, the Disclosure Schedules and any instruments and agreements to be
executed pursuant to this Agreement, sets forth the entire understanding of the
parties hereto with respect to its subject matter, merges and supersedes all
prior and contemporaneous understandings with respect to its subject matter and
may not be waived or modified, in whole or in part, except by a writing signed
by each of the parties hereto. No waiver of any provision of this Agreement in
any instance shall be deemed to be a waiver of the same or any other provision
in any other instance. Failure of any party to enforce any provision of this
Agreement shall not be construed as a waiver of its rights under such
provision.

     

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    10.5    Successors
and Assigns. This
Agreement shall be binding upon, enforceable against and inure to the benefit
of, the parties hereto and their respective heirs, administrators, executors,
personal representatives, successors and assigns, and nothing herein is intended
to confer any right, remedy or benefit upon any other person. This Agreement may
not be assigned by any party hereto except with the prior written consent of the
other parties, which consent shall not be unreasonably
withheld.

     

    10.6     Governing
Law. This
Agreement shall in all respects be governed by and construed in accordance with
the laws of the State of California as applicable to agreements made and fully
to be performed in such state, without giving effect to conflicts of law
principles.

     

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

     

    10.8    Construction.
Headings contained in this Agreement are for convenience only and shall not be
used in the interpretation of this Agreement. References herein to Articles,
Sections and Schedules are to the articles, sections and schedules,
respectively, of this Agreement. The Disclosure Schedule is hereby incorporated
herein by reference and made a part of this Agreement. As used herein, the
singular includes the plural, and the masculine, feminine and neuter gender each
includes the others where the context so indicates.

     

    10.9    Severability. If any
provision of this Agreement is held to be invalid or unenforceable by a court of
competent jurisdiction, this Agreement shall be interpreted and enforceable as
if such provision were severed or limited, but only to the extent necessary to
render such provision and this Agreement enforceable.

     

    11.11    Litigation.  If
any party hereto is required to engage in litigation or arbitration against any
other party hereto, either as plaintiff or as defendant, in order to enforce or
defend any of its or his rights under this Agreement, and such litiga­tion
results in a final judgment in favor of such party (the "Prevailing Party"),
then the party or parties against whom said final judgment is obtained shall
reimburse the Prevailing Party for all direct, indirect or incidental expenses
incurred by the Prevailing Party in so enforcing or defending its or his rights
hereunder, including, but not limited to, all attorneys' fees, paralegals' fees,
court costs and other ex­penses incurred throughout all negotiations, trials
or appeals under­taken in order to enforce the Prevailing Party's rights
hereunder.

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, each of the parties hereto has executed this Agreement as of
the date first set forth above.

     

    Red
Rock Pictures Holdings, Inc.

     

     

    By:_____________________________

    Name:
Robert Levy

    Title:
President, Chief Executive Officer

     

     

     Studio
Store Direct, Inc.

     

     

    By:_____________________________

    Name:
Reno R. Rolle

    Title:
Chief Executive Officer

     

    

     

     

     

     

    [SIGNATURE
PAGES FOR SHAREHOLDERS FOLLOW]

     

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

     

     

    STUDIO
STORE DIRECT, INC.

     

     SHAREHOLDERS’
SIGNATURE PAGE TO

     

    SHARE
EXCHANGE AGREEMENT

     

    Dated:
May___, 2008

     

                                                  Red
Rock Pictures Holdings, Inc.,

    Studio
Store Direct, Inc., and

    the
Shareholders of Studio Store Direct, Inc.

     

               The
undersigned Shareholder hereby executes and delivers the Share Exchange
Agreement (the “Agreement”)
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other parties named in said
Agreement, shall constitute one and the same document in accordance with the
terms of the Agreement.

     

     

     

    
      	 
	
               (Signature)

            
	 	 
	
                (Type
      or print name)

            
	 	 
	
               (Type or print
      name as it should appear on certificate, if different) 

            
	 	 

    

    
      	 Address:	 
	 	 
	 	 
	 Telephone:	(        
      )                                              
      
	 	 
	 Facsimile:	(        
      )
	 	 

    

     

     

     

    Number
of SSD Shares
Held:                                                                                     

     

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
A

    SSD
Capital Ownership Schedule

     

     

     

    
      	
              Name

            	
              Number
      of RRPH Common to be Issued

            
	 
      	 
      
	
              1.
      Reno Rolle and Lynn Rolle

            	
              5,645,200

            
	
              2.
      Daniel Laikin

            	
              1,860,000

            
	
              3.
      Christopher Williams

            	
              980,100

            
	
              4.
      Marc Sperling

            	
              956,000

            
	
              5.
      Anthony Sullivan and Randi Sullivan

            	
              696,300

            
	
              6.
      Robert Rosenblatt and Elizabeth Sullivan

            	
              696,300

            
	
              7.
      Bill Gladstone

            	
              166,100

            
	
              TOTAL

            	
              11,000,000

            

    

     

     

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

     

    SCHEDULE
B

    SSD
ASSETS AND LIABILITIES (FINANCIAL STMTS)

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