Document:

Stock Purchase Agreement

 Exhibit 10.1 
 STOCK PURCHASE AGREEMENT 
 Dated: April 3rd, 2006 
 Horizon Holding Corporation 
 SELLER 
 AND 
 Ischian Holdings, Ltd. 
 PURCHASER

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I PURCHASE, SALE AND TERMS OF SHARES	  	4
			
	 1.1.
	  	The Shares	  	4
			
	 1.2.
	  	Price; Closing	  	4
			
	 1.3.
	  	Delivery of Purchase Notice	  	5
			
	 1.4.
	  	Obligations of Purchaser to Purchase shares	  	5
			
	 1.5
	  	Escrow of Shares with Transfer Agent	  	5
			
	 1.6
	  	Representations by the Purchaser	  	6
		
	ARTICLE II COVENANTS OF THE COMPANY	  	8
			
	 2.1.
	  	Operations	  	8
			
	 2.2.
	  	Inspection	  	8
			
	 2.3.
	  	Share Registry	  	9
		
	ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	9
			
	 3.1.
	  	Organization and Standing	  	9
			
	 3.2.
	  	Authority for Agreement	  	9
			
	 3.3.
	  	Securities Law Filings, Etc.	  	10

  

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	 3.4.
	  	Capitalization and Issuances of Stock	  	10
			
	 3.5.
	  	Subsidiaries	  	11
			
	 3.6.
	  	Issuance of Securities	  	11
			
	 3.7.
	  	Governmental Consents;	  	11
			
	 3.8.
	  	Offering Exemption	  	11
			
	 3.9.
	  	Litigation	  	12
			
	 3.10.
	  	Financial Statements	  	12
			
	 3.11.
	  	Absence of Liabilities	  	12
			
	 3.12.
	  	Taxes	  	12
			
	 3.13.
	  	Property and Assets	  	13
			
	 3.14.
	  	Intellectual Property	  	13
			
	 3.15.
	  	Compliance	  	13
			
	 3.16.
	  	Employees	  	14
			
	 3.17.
	  	Environmental and Safety Matters	  	14
			
	 3.18.
	  	Books and Records	  	14
			
	 3.19.
	  	Brokers or Finders	  	14
			
	 3.20.
	  	Disclosures	  	14
		
	ARTICLE IV REGISTRATION RIGHTS	  	15
			
	 4.1.
	  	Piggy-Back Registrations	  	15
			
	 4.2.
	  	Effectiveness	  	15
			
	 4.3.
	  	Indemnification by the Company	  	15
			
	 4.4.
	  	Indemnification by Holders of Registrable Shares	  	18
			
	 4.5.
	  	Exchange Act Reports	  	19
			
	 4.6.
	  	Expenses	  	19
			
	 4.7.
	  	Transferability	  	20

  

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	ARTICLE V MISCELLANEOUS	  	20
			
	 5.1.
	  	No Waiver; Cumulative Remedies	  	20
			
	 5.2.
	  	Amendments, Waivers and Consents	  	20
			
	 5.3.
	  	Addresses for Notices	  	20
			
	 5.4.
	  	Costs, Expenses and Taxes	  	20
			
	 5.5.
	  	Effectiveness; Binding Effect; Assignment	  	20
			
	 5.6.
	  	Prior Agreements	  	21
			
	 5.7.
	  	Severability	  	21
			
	 5.8.
	  	Governing Law; Venue.	  	21
			
	 5.9.
	  	Headings	  	21
			
	 5.10.
	  	Survival of Representations and Warranties	  	21
			
	 5.11.
	  	Counterparts	  	22
			
	 5.12.
	  	Further Assurances	  	22

  

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 Stock Purchase Agreement, dated as of this third day of April, 2006 between Horizon Holding
Corporation, a Delaware corporation having offices at 1800 2nd Street, Suite 735, Sarasota, Fl 34236 (the
“Company”), and Ischian Holdings, Ltd, a BVI International Business Company, the registered address of which is; 30 De Castro Street, Road Town Tortola, British Virgin Islands, (the “Purchaser”). 
 WHEREAS, the parties desire that, upon the terms and subject to the conditions contained herein, the Purchaser shall purchase up to 35,000,000
shares of the Company’s common stock, $.001 par value per share (the “COMMON STOCK”); and 
 WHEREAS, the Seller agrees
to place in escrow a share certificate representing 35,000,000 with the Company’s transfer agent, which will be used for the take down of all shares purchased pursuant to this Purchase Agreement; and 
 WHEREAS, such purchase will be made in reliance upon the provisions of Section 4(2) under the Securities Act of 1933, as amended (the
“1933 ACT”) and/or upon such other exemption from the registration requirements of the 1933 Act as may be available with respect to any or all of the purchases of Common Stock to be made hereunder. 
 ARTICLE I 
 PURCHASE, SALE AND TERMS
OF SHARES 
  

	 	1.1.	The Company agrees to issue and sell to the Purchaser in reliance upon the provisions of Section 4(2) under the Securities Act of 1933, as amended (the “1933 ACT”)
and/or upon such other exemption from the registration requirements of the 1933 Act as may be available with respect to any or all of the purchases of Common Stock to be made hereunder in consideration of and in express reliance upon the
representations, warranties, covenants, terms and conditions of this Agreement up to 35,000,000 (the “Shares”) of the Company as set forth below. 

  

	 	1.2.	Closing; Price. 

  

	 	1.2.a 	 The transaction will be closed in a series of individual closings, as provided for herein, with each separate take down being a “Closing”. The Purchaser
will pay the Purchase Price of each take down by wire transfer of immediately available funds in one single payment. Purchaser shall initiate the closing process by sending a written Purchase Notice to Seller at the address set forth below. The
Purchase Notice shall set forth the number of Shares to be purchased, the total consideration to be paid, the 

  

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price per share and the delivery address for the share certificates (the “Closing”). 

  

	 	1.2.b 	The Company shall sell to the Purchaser the shares at a per share purchase price which shall be 15% of the bid price of the Company’s shares of Common Stock (the “Purchase
Price”) as quoted on the OTC Bulletin Board (the “OTCBB”) (or on such other United States stock exchange or public trading market on which the shares of the Company trade if, at the time of purchase, they are not trading on the OTCBB)
for the day immediately preceding the date (the “Call Date”) the purchase order (the “Purchase Notice”) is received by the Company for a Purchase Notice of less than US$50,000 gross; 

  

	 	1.3.	Delivery of Purchase Notice. Purchaser shall have 60 days from the date of this Agreement to deliver one or more Purchase Notices to Seller. A Purchase Notice may be for all
or a part of the shares set forth in Section 1.1 above. Purchaser may deliver more than one Purchase Notice, provided however, that number of shares purchased pursuant to all Purchase Notices shall not exceed the number of Shares set forth in
Section 1.1. A sample Purchase Notice is attached in Schedule 1.3. 

  

	 	1.4.	Obligation of Purchaser to Purchase the shares. The Purchaser agrees to purchase up to 35,000,000 shares between the date hereof and September 1st, 2006. However, Purchaser shall only be liable to purchase the number of Shares set forth in each Purchase Notice; the total
number of shares purchased may be less than 35,000,000. Seller shall have the right to terminate this agreement by delivering a written notification to the Purchaser, at the address set forth below, of Seller’s intent to terminate. The notice
of termination shall become effective thirty (30) days from the date it is received by Purchaser. 

  

	 	1.5.	Escrow of Shares with transfer agent. 

  

	 	1.5.a. 	As a condition for the entry into this Agreement, Purchaser requires the Company to place into an escrow account, as set forth below, a share certificate, made out in the name of
Purchaser, representing thirty five million (35,000,000) shares of the Company’s common securities. The terms and conditions of the escrow are set in the Share Deposit Escrow Agreement described in 1.5.b, below and as further set forth in
this Agreement. The Company shall therefore, pursuant to this Agreement and pursuant to the terms and conditions of the Share Deposit Escrow Agreement, deposit with the Company’s transfer agent a share certificate representing thirty five
million (35,000,000) shares of the Company’s common securities. 

  

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	 	1.5.b. 	The parties shall enter into a Share Deposit Escrow Agreement with the Company’s transfer agent, a copy of which is attached hereto as Schedule 1.5.b. 

 

	 	1.5.c. 	The Escrow Agent shall disburse and deliver to the Purchaser, or to any assignee of the Purchaser as the Purchaser may direct, the number of shares purchased as set forth in the
Purchase Notice as in accordance with the Share Deposit Escrow Agreement, and set otherwise set forth in this Agreement. The shares shall be deducted from the thirty five million (35,000,000) share certificate being held in escrow.

  

	 	1.5.d. 	The Escrow Agent is irrevocably instructed to deliver the number of shares set forth a Purchase Notice upon receipt by the Escrow Agent of an executed Purchase Notice and evidence
of payment of the purchase price. Evidence of payment for said shares shall be conclusive upon receipt by Escrow Agent of the “wire transfer” form, properly executed by the Purchaser’s sending banking institution. At such time as the
Escrow Agent disburses the thirty five million (35,000,000) shares, or receives evidence of a termination of this Agreement, the obligations of the transfer agent pursuant to the Share Deposit Escrow Agreement shall be terminated.

  

	 	1.6.	Representations by the Purchaser. The Purchaser makes the following representations and warranties to the Company: 

  

	 	A.	Access to Information. The Purchaser, in making the decision to purchase the Shares, has relied upon the representations and warranties contained in this Agreement as well as
independent investigations made by it and/or its representatives, if any. The Purchaser and/or its representatives during the course of this transaction, and prior to the purchase of any Shares, has had the opportunity to ask questions of and
receive answers from the management of the Company concerning the business of the Company and to receive any additional information, documents, records and books relative to the business, assets, financial condition, results of operations and
liabilities (contingent or otherwise) of the Company. 

  

	 	B.	 Sophistication and Knowledge. The Purchaser and/or its representatives has such knowledge and experience in financial and business matters that it can
represent itself and is capable of evaluating the merits and risks of the purchase of the Shares. The Purchaser is not relying on the Company with respect to the tax and other economic considerations of an investment in the Shares, 

  

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and the Purchaser has relied on the advice of, or has consulted with, only the Purchaser’s own advisor(s). The Purchaser represents that it has not been
organized for the purpose of acquiring the Shares. 

  

	 	C.	Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of
the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares are restricted, and are subject to various resale restrictions in accordance with the securities laws of the United
States. The Purchaser has no present need for liquidity in connection with its purchase of the Shares. 

  

	 	D.	No Public Solicitation. The Purchaser is not subscribing for the Shares as a result of or subsequent to any advertisement, article, notice or other communication published in
any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any solicitation of a subscription by a person not previously known to the Purchaser in connection with investments in
securities generally. 

  

	 	E.	Authority. The Purchaser has full right and power to enter into and perform pursuant to this Agreement and make an investment in the Company, and this Agreement constitutes
the Purchaser’s valid and legally binding obligation, enforceable in accordance with its terms. The Purchaser is authorized and otherwise duly qualified to purchase and hold the Shares and to enter into this Agreement. 

 

	 	F.	Brokers or Finders. No person has or will have, as a result of the transactions contemplated by this Agreement, any right, interest or valid claim against or upon the Company
for any commission, fee or other compensation as a finder or broker because of any act or omission by such Purchaser or its respective agents. 

  

	 	G.	Requirements for Transfer. Purchaser agrees that it will not transfer the Shares, and the Company shall not be required to transfer the shares unless the transferee executes
a representation letter substantially in accordance with Exhibit A hereto. 

  

	 	H.	Each certificate representing the Shares shall be endorsed with the following legends, in addition to any other legend required to be placed thereon by applicable federal or state
securities laws: 

 THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
“ACT”), 

  

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AS AMENDED AND HAVE BEEN TAKEN BY THE ISSUEE FOR INVESTMENT PURPOSES. SAID SHARES MAY NOT BE SOLD OR TRANSFERRED UNLESS (A) THEY HAVE BEEN REGISTERED
UNDER SAID ACT, OR (B) THE COMPANY IS PRESENTED WITH EITHER A WRITTEN OPINION OF COUNSEL OR A “NO-ACTION” LETTER FROM SEC, IN EITHER CASE IN FORM AND SUBSTANCE ACCEPTABLE TO THE COMPANY, TO THE EFFECT THAT SUCH REGISTRATION IS NOT
REQUIRED UNDER THE CIRCUMSTANCES OF SUCH SALE OR TRANSFER. 
  

	 	a.	The Purchaser consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company in order to implement the restrictions on transfer
of the Shares set forth in this Section 1.5. 

  

	 	b.	The Purchaser and any transferees of the shares of the Company’s Common Stock purchased by the Purchaser pursuant to this Agreement shall not be named or identified on any
lists of the Office of Foreign Assets Control who are prohibited from purchasing securities of U.S. domestic companies. Further, this transaction and any resale of shares by the Purchaser to transferees shall not violate the anti-money laundering
and other provisions of the Bank Secrecy Act, as amended by the U.S. Patriot Act. 

  

	 	c.	Notwithstanding anything contained herein to the contrary, the Company may refuse to register any transfer of the shares of common stock of the Company that are not made in
accordance with the Act or pursuant to an available exemption from registration. 

 ARTICLE II 
 COVENANTS OF THE COMPANY 
  

	 	2.1.	Operations. From and after the date hereof through the final purchase of the Shares, the Company will operate only in the ordinary course of business.

  

	 	2.2.	Inspection. The Company shall permit authorized representatives of the Purchaser to visit and inspect any of the properties of the Company, including its books of account
(and to make copies thereof and take extracts there from), and to discuss its affairs, finances and accounts with its officers, employees, independent accountants, consultants and attorneys, all at such reasonable times and as often as may be
reasonably requested. 

  

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	 	2.3.	Share Registry; Removal of Legend. The Company consents to Purchaser reselling Shares and to requesting the issuance of share certificates to third parties, provided however
that all such sales are conducted in full compliance with then applicable United States security laws and the Company and its transfer agent are advised of the identity of each subsequent purchaser. The Company agrees that it shall instruct its
transfer agent to automatically remove any legend upon compliance with all rules and regulations of the United States security laws pertaining to such transactions. Holders of shares bearing a legend may have the legend removed by submitting
certificate(s) together with appropriate opinions of counsel and any other documentation required by company or transfer agent. Neither the Company nor the stock transfer agent shall be obligated to remove any other legend required by law.

 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 The Company represents and warrants to the Purchaser as follows, which
representations and warranties shall be true and correct in all material respects on the date of each closing of the purchase of the Shares: 
  

	 	3.1.	Organization and Standing. The Company has been duly incorporated and is validly existing and in good standing under the laws of the State of Delaware and has the
requisite corporate power and authority necessary to own its properties and to conduct its business as presently conducted, to deliver this Agreement and all other agreements required to be executed by the Company in connection with performance
under this Agreement (collectively, the “Ancillary Agreements”, and collectively with this Agreement, the “Transaction Documents”), to issue and sell the Shares and to carry out the provisions of Transaction Documents. The
Company is duly qualified to transact business as a foreign corporation and is in good standing in every jurisdiction in which the failure to so qualify would have a material adverse effect on the operations or financial condition of the Company.

  

	 	3.2.	 Authority for Agreement. The execution and delivery by the Company of the Transaction Documents, and the performance by the Company of its
obligations there under, have been duly and validly authorized by all requisite corporate action on the part of the Company. The Transaction Documents, when executed and delivered, will be legally valid and binding obligations of the Company,
enforceable against the Company in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, and general
principles of equity that restrict the availability of equitable remedies. To the Company’s knowledge, the execution and delivery of the Transaction Documents by the Company and the performance by the Company of its 

  

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obligations there under do not, as of the date hereof, (i) conflict with or violate the provisions of the Company’s Restated Charter or Bylaws,
(ii) require on the part of the Company any filing with, or any permit, authorization, consent or approval of, any Governmental Entity, (iii) conflict with, result in a breach of, constitute (with or without due notice or lapse of time or
both) a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify or cancel, or require any notice, consent or waiver under, any contract, lease, sublease, license, sublicense, franchise, permit,
indenture, agreement or mortgage for borrowed money, instrument of indebtedness, lien, encumbrance or other arrangement to which the Company is a party or by which the Company is bound or to which its assets are subject, (iv) result in the
imposition of any Security Interest upon any assets of the Company or (v) violate or contravene any United States federal, Delaware corporate or applicable state statute, rule or regulation applicable to the Company or any order, writ,
judgment, injunction, decree, determination or award. 

  

	 	3.3.	Securities Law Filings, Etc. The Company has previously furnished to the Investors the Company’s filings with the Securities and Exchange Commission as on the attached
schedule 3.3 (collectively the “SEC Filings”). The SEC Filings, as of the date of the filing thereof with the SEC, complied in all material respects with the provisions of the Securities Exchange Act of 1934 (the “Exchange Act”),
and in each case the rules and regulations promulgated thereunder, and none of such filings contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading. 

  

	 	3.4.	 Capitalization and Issuances of Stock. (a) The Company has authorized and outstanding capital stock as set forth in its SEC Filings. All outstanding
shares of capital stock of the Company are duly authorized, validly issued and outstanding, fully paid and non-assessable. Except as set forth in the SEC Filings: (i) there are no outstanding options, stock subscription agreements, warrants or
other rights permitting or requiring the Company or others to purchase or acquire any shares of capital stock or other equity securities of the Company; (ii) there are no securities issued or outstanding which are convertible into or
exchangeable for any of the foregoing and there are no contracts, commitments or understandings, whether or not in writing, to issue or grant any such option, warrant, right or convertible or exchangeable security; (iii) there are no shares of
stock or other securities of the Company reserved for issuance for any purpose; (iv) there are no voting trusts or other contracts, commitments, understandings, arrangements or restrictions of any kind with respect to the ownership, voting or
transfer of shares of stock or other securities of the Company to which the Company or, to the best of the Company’s knowledge, any stockholder of the Company is a party, 

  

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including without limitation, any preemptive rights, rights of first refusal, proxies or similar rights and (v) there is no person who holds a right to
require the Company to register any securities of the Company under the Securities Act or to participate in any such registration. The issued and outstanding shares of capital stock of the Company conform to all statements in relation thereto
contained in the SEC Filings, and the SEC Filings describe all material terms and conditions thereof. All issuances by the Company of its securities were exempt from registration under the Securities Act and any applicable state securities laws or
were issued pursuant to a registration statement declared effective by the SEC under the Securities Act and which registration statement was available for the sale of the type of securities sold thereunder. 

  

	 	3.5.	Subsidiaries. The Company has the following subsidiaries: Delta Insights Corporation, Liquidgolf.com Acquisition Corporation, and Leathercraft Technology Corporation.

  

	 	3.6.	Issuance of Securities. The issuance, sale and delivery of the Securities in accordance with this Agreement, have been, or will be on or prior to the Closing, duly
authorized, and the Shares reserved for issuance by all necessary corporate action on the part of the Company. The Securities, when so issued, sold and delivered against payment therefore in accordance with the provisions of this Agreement will be
duly and validly issued, fully paid and non-assessable, and will be free of all liens, charges, claims, encumbrances and restrictions on transfer other than the restrictions on transfer under the Transaction Documents and under applicable state and
federal securities laws. 

  

	 	3.7.	Governmental Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any governmental entity or
regulatory body (a “Governmental Entity”) is required on the part of the Company in connection with the execution and delivery of the Transaction Documents, the offer, issue, sale and delivery of the Securities or the other transactions to
be consummated as contemplated by this Agreement except qualifications or filings under the Securities Act and other applicable state securities laws which qualifications or filings, if required, will be obtained or made and will be effective within
the time periods required by law. 

  

	 	3.8.	 Offering Exemption. Assuming the accuracy of the representations and warranties made by the Purchaser, the offer, sale and issuance of the Securities to the
Purchaser will be exempt from the registration requirements of the Securities Act and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all
applicable state securities laws. Neither the Company nor any agent on its behalf has solicited or will solicit any offers to sell or has offered to sell or will offer 

  

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to sell all or any part of the Securities to any person or persons so as to bring the sale of such Securities by the Company within the registration
provisions of the Securities Act or any state securities laws. 

  

	 	3.9.	Litigation. There is no action, suit, proceeding or investigation pending or, to the Company’s knowledge, is currently threatened, against the Company, except as
described on Schedule 3.9 to this Agreement. The Company is not aware of any basis for any of the foregoing or any intent on its part to initiate any of the foregoing. 

  

	 	3.10. 	Financial Statements. The financial statements set forth in the Company’s SEC Filings (the “Financial Statements”) are complete and
correct in all material respects, are in accordance with the books and records of the Company as at the dates and for the periods indicated, and have been prepared in accordance with generally accepted accounting principles consistently applied to
companies domiciled in the United States, except to the extent that the un-audited financial statements may not contain all required footnotes and are subject to normal year-end audit adjustments that in the aggregate will not be material.

  

	 	3.11. 	Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) liabilities
incurred in the ordinary course of business, that individually or in the aggregate are not material to the financial condition or operating results of the Company, and (ii) obligations not required under generally accepted accounting principles
to be reflected in the Financial Statements. 

  

	 	3.12. 	 Taxes. The Company has paid all taxes due as of the date hereof. The Company has timely filed or has obtained presently effective extensions with respect to
all Federal, state, county, local and foreign tax returns (collectively, “Tax Returns”) that the Company are required to file. The Tax Returns are true and correct and all taxes shown thereon to be due have been
timely paid, with any exceptions permitted by any taxing authority not having a materially adverse effect on the Company. No penalties or other chares are or will become due with respect to any such Tax Returns as the result of the late filing
thereof. The Company has either paid or established in the Financial Statements adequate reserves for the payment of all such taxes due or claimed to be due by any taxing authority in connection with any such Tax Returns. None of the Company’s
federal income tax returns have been audited by the Internal Revenue Service, and no controversy with respect to taxes of any type is pending or, to the knowledge of the Company, threatened. The Company has withheld or collected from each payment
made to its employees the amount of all taxes required to be withheld or collected therefrom and has paid all such amounts to the appropriate taxing authorities when due. Neither the Company nor any of its stockholders has ever filed (i) an

  

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election pursuant to Section 1362 of the Internal Revenue Code of 1986, as amended (the “Code”), that the Company be taxed as an
S Corporation, or (ii) a consent pursuant to Section 341(f) of the Code relating to collapsible corporations. 

  

	 	3.13. 	Property and Assets. The Company has good title to, or a valid leasehold interest in, all of its material properties and assets, including all properties and assets reflected
in the Balance Sheet. None of such properties or assets is subject to any mortgage, pledge, lien, security interest, lease, charge or encumbrance other than those the material terms of which are described in the Balance Sheet or in Schedule
3.13. The Company does not own any real estate. All personal property of the Company is in good operating condition and repair (ordinary wear and tear and routinely scheduled maintenance excepted) and is suitable and adequate for the uses for
which it is intended or is being used. 

  

	 	3.14. 	Intellectual Property. To the best of the Company’s knowledge the Company owns, or has the right to use, free and clear of all liens, charges, claims and restrictions,
all patents, patent applications, trademarks, service marks, trademark and service mark applications, trade names, copyrights and licenses presently owned or held by the Company or employed or proposed to be employed by it in its business as now
conducted or proposed to be conducted, as well as any agreement under which the Company has access to any confidential information used by the Company in its business (the “Intellectual Property Rights”). Except as set forth on Schedule
3.14, the Company has not received any communications alleging that the Company has violated any of the patents, trademarks, service marks, trade names, copyrights, licenses, trade secrets or other proprietary rights of any other person or
entity (“Third-Party Intellectual Property Rights”), and to the best of Company’s knowledge the business proposed by the Company will not cause the Company to infringe or violate any Third Party Intellectual Property Rights. The
Company is not aware of any violation by any third party of any Intellectual Property Rights of the Company or of any defects therein or in the title thereto. The Company is not aware that any employee is obligated under any contract (including any
license, covenant or commitment of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would conflict or interfere with: (i) the performance of such employee’s duties as
an officer, employee or director of the Company; (ii) the use of such employee’s best efforts to promote the interests of the Company; or (iii) the Company’s business as conducted. 

  

	 	3.15. 	 Compliance. The Company has, in all material respects, complied with all laws, regulations and orders applicable to their business and have all material
permits and licenses required thereby. There is no term or provision of any material mortgage, indenture, contract, agreement or 

  

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instrument to which the Company is a party or by which it is bound, or, to the best of the Company’s knowledge, of any state or Federal judgment,
decree, order, statute, rule or regulation applicable to or binding upon the Company that materially adversely affects the business, prospects, condition, affairs or operations of the Company or any of its properties or assets. To the Company’s
knowledge, no employee of the Company is in violation of any contract or covenant (either with the Company or with another entity) relating to employment, patent, other proprietary information disclosure, non-competition, or non-solicitation.

  

	 	3.16. 	Employees. All employees of the Company who have access to confidential or proprietary information of the Company have executed and delivered nondisclosure agreements, and
all of such agreements are in full force and effect. The Company is not aware that any employee of the Company has plans to terminate his or her employment relationship with the Company. The Company has complied in all material respects with all
applicable laws relating to wages, hours, equal opportunity, collective bargaining, workers’ compensation insurance and the payment of social security and other taxes. None of the employees of the Company is represented by any labor union, and
there is no labor strike or other labor trouble (including, without limitation, any organizational drive) pending or, to the knowledge of the Company, threatened with respect to the Company. 

  

	 	3.17. 	Environmental and Safety Matters. To the Company’s knowledge, the Company is not in material violation of any applicable environmental law, and to its knowledge, no
material expenditures are or will be required in order to comply with any such environmental law. 

  

	 	3.18. 	Books and Records. The books of account, ledgers, order books, records and documents of the Company accurately and completely reflect all material information relating to the
business of the Company the location and collection of its assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company. 

  

	 	3.19. 	Brokers or Finders. The Company has not agreed to incur, directly or indirectly, any liability for brokerage or finders’ fees, agents’ commissions or other similar
charges in connection with the Transaction Documents or any of the transactions contemplated hereby or thereby. 

  

	 	3.20. 	Disclosures. The Company has provided the Purchaser with all information requested by the Purchaser in connection with their decision to purchase the Securities. Neither this
Agreement, any Exhibit hereto nor the Transaction Documents, nor any report, certificate or instrument furnished to the Purchaser or its agents in connection with the transactions contemplated by this Agreement, when read together, contains or will
contain any material misstatement of fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading. 

  

 14 

 ARTICLE IV 
 REGISTRATION RIGHTS 
  

	 	4.1.	Piggy-Back Registrations. If at any time after the first anniversary of the purchase of the Shares, the Company shall determine to register for its own account or the account
of others under the Securities Act (including pursuant a demand for registration of any stockholder of the Company) any of its equity securities, other than on Form S-4 or Form S-8 or their then equivalents relating to shares of Common Stock to be
issued solely in connection with any acquisition of any entity or business or shares of Common Stock issuable in connection with stock option or other employee benefit plans, it shall send to each holder of Registrable Shares who is entitled to
registration rights under this Section 4.1 written notice of such determination and, if within 15 days after receipt of such notice, such holder shall so request in writing, the Company shall use its best efforts to include in such registration
statement all or any part of the Registrable Shares such holder requests to be registered, except that if; in connection with a public offering of the Company the managing underwriter shall impose a limitation on the number of shares of such Common
Stock which may be included in the registration statement because, in its judgment, such limitation is necessary to effect an orderly public distribution, then the Company shall be obligated to include in such registration statement only such
limited portion of the Registrable Shares with respect to which such holder has requested inclusion hereunder on a pro rata basis. 

 “Registrable Shares” shall mean and include the Shares provided, however, that shares of Common Stock which are Registrable Shares shall cease to be Registrable Shares upon the consummation of any sale pursuant to a
registration statement or Rule 144 under the Securities Act. 
  

	 	4.2.	Effectiveness. The Company will use its best efforts to maintain the effectiveness for up to 90 days (or such shorter period of time as the underwriters need to complete the
distribution of the registered offering) of any registration statement pursuant to which any of the Registrable Shares are being offered, and from time to time will amend or supplement such registration statement and the prospectus contained therein
to the extent necessary to comply with the Securities Act and any applicable state securities statute or regulation. The Company will also provide each holder of Registrable Shares with as many copies of the prospectus contained in any such
registration statement as it may reasonably request. 

  

	 	4.3.	 Indemnification by the Company. (a) In the event that the Company registers any of the Registrable Shares under the Securities Act, the 

  

 15 

	 	 
Company will indemnify and hold harmless each holder and each underwriter of the Registrable Shares (including their officers, directors, affiliates and
partners) so registered (including any broker or dealer through whom such shares may be sold) and each person, if any, who controls such holder or any such underwriter within the meaning of Section 15 of the Securities Act from and against any
and all losses, claims, damages, expenses or liabilities, joint or several, to which they or any of them become subject under the Securities Act, applicable state securities laws or under any other statute or at common law or otherwise, as incurred,
and, except as hereinafter provided, will reimburse each such holder, each such underwriter and each such controlling person, if any, for any legal or other expenses reasonably incurred by them or any of them in connection with investigating or
defending any actions whether or not resulting in any liability, as incurred, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material
fact contained in the registration statement, in any preliminary or amended preliminary prospectus or in the final prospectus (or the registration statement or prospectus as from time to time amended or supplemented by the Company) or arise out of
or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or any violation by the Company of any rule or regulation
promulgated under the Securities Act or any state securities laws applicable to the Company and relating to action or inaction required of the Company in connection with such registration, unless (i) such untrue statement or alleged
untrue statement or omission or alleged omission was made in such registration statement, preliminary or amended preliminary prospectus or final prospectus in reliance upon and in conformity with information furnished in writing to the Company in
connection therewith by any such holder of Registrable Shares (in the case of indemnification of such holder), any such underwriter (in the case of indemnification of such underwriter) or any such controlling person (in the case of indemnification
of such controlling person) expressly for use therein, or unless (ii) in the case of a sale directly by such holder of Registrable Shares (including a sale of such Registrable Shares through any underwriter retained by such holder of
Registrable Shares to engage in a distribution solely on behalf of such holder of Registrable Shares), such untrue statement or alleged untrue statement or omission or alleged omission was contained in a preliminary prospectus and corrected in a
final or amended prospectus copies of which were delivered to such holder of Registrable Shares or such underwriter on a timely basis, and such holder of Registrable Shares failed to deliver a copy of the final or amended prospectus at or prior to
the confirmation for the sale of the Registrable Shares to the person asserting any such loss, claim, damage or liability in any case where such delivery is required by the Securities Act. 

  

 16 

 (b) Promptly after receipt by any holder of Registrable Shares, any underwriter or any controlling person
of notice of the commencement of any action in respect of which indemnity may be sought against the Company, such holder of Registrable Shares, or such underwriter or such controlling person, as the case may be, will notify the Company in writing of
the commencement thereof (provided, that failure by any such person to so notify the Company shall not relieve the Company from any liability it may have hereunder to any other person entitled to claim indemnity or contribution hereunder) and,
subject to the provisions hereinafter stated, the Company shall be entitled to assume the defense of such action (including the employment of counsel, who shall be counsel reasonably satisfactory to such holder of Registrable Shares, such
underwriter or such controlling person, as the case may be), and the payment of expenses insofar as such action shall relate to any alleged liability in respect of which indemnity may be sought against the Company. 
 (c) In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which any holder of Registrable
Shares exercising rights under this Article V or any controlling person of any such holder, makes a claim for indemnification pursuant to this Section 4.3 but it is judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 4.3 provides for indemnification in
such case, then, the Company and such holder will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of
the Company on the one hand and of the holder of Registrable Shares on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations.
The relative fault of the Company on the one hand and of the holder of Registrable Shares on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by the Company on the one hand or by the holder of Registrable Shares on the other, and each party’s relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission; provided, however, that, in any such case, (A) no such holder will be required to contribute any amount in excess of the public offering price of all such Registrable Shares offered by it
pursuant to such registration statement, net of any underwriting discounts or commissions paid by such holder; and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 
  

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	 	4.4.	Indemnification by Holders of Registrable Shares. (a) In the event that the Company registers any of the Registrable Shares under the Securities Act, each holder of the
Registrable Shares so registered will, as a condition to registration of the Registrable Shares, agree to indemnify and hold harmless the Company, each of its directors, each of its officers who have signed or otherwise participated in the
preparation of the registration statement, each underwriter of the Registrable Shares so registered (including any broker or dealer through whom such of the shares may be sold) and each person, if any, who controls the Company within the meaning of
Section 15 of the Securities Act from and against any and all losses, claims, damages, expenses or liabilities, joint or several, to which they or any of them may become subject under the Securities Act, applicable state securities laws or
under any other statute or at common law or otherwise, and, except as hereinafter provided, will reimburse the Company and each such director, officer, underwriter or controlling person for any legal or other expenses reasonably incurred by them or
any of them in connection with investigating or defending any actions whether or not resulting in any liability, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in the registration statement, in any preliminary or amended preliminary prospectus or in the final prospectus (or in the registration statement or prospectus as from time to time amended or
supplemented) or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, but only insofar as any such
statement or omission was made in reliance upon and in conformity with information furnished in writing to the Company in connection therewith by such holder of Registrable shares expressly for use therein; provided, however, that such
holder’s obligations hereunder shall be limited to an amount equal to the aggregate public offering price of the Registrable Shares sold by such holder in such registration, net of any underwriting discounts or commissions paid by such holder.

 (b) In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which
the Company or another person entitled to indemnification pursuant to this Section 4.4 makes a claim for indemnification pursuant to this Section 4.4, but it is judicially determined (by the entry of a final judgment or decree by a court
of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding that this Section 4.4 provides for indemnification, in such
case, then, the Company and such holder will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of the
Company on the one hand and of the holder of Registrable Shares on the other in connection with the 

  

 18 

 
statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative
fault of the Company on the one hand and of the holder of Registrable Shares on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to
state a material fact relates to information supplied by the Company on the one hand or by the holder of Registrable Shares on the other, and each party’s relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission; provided, however, that, in any such case, (A) no such holder will be required to contribute any amount in excess of the public offering price of all such Registrable Shares offered by it pursuant to
such registration statement, net of any underwriting discounts or commissions paid by such holder; and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be
entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 
  

	 	4.5.	Exchange Act Reports. The Company will use its best efforts to timely file with the Commission such information as the Commission may require under the Exchange Act and shall
use its best efforts to take all action as may be required as a condition to the availability of Rule 144 or Rule 144A under the Securities Act (or any successor exemptive rule hereafter in effect) with respect to such Common Stock. The Company
shall furnish to any holder of Registrable Shares forthwith upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144, (ii) a copy of the most recent annual or quarterly report of
the Company as filed with the Commission, and (iii) such other reports and documents as a holder may reasonably request in availing itself of any rule or regulation of the Commission allowing a holder to sell any such Registrable Securities
without registration. The Company agrees to use its best efforts to facilitate and expedite transfers of the Shares pursuant to Rule 144 under the Securities Act, which efforts shall include timely notice to its transfer agent to expedite such
transfers of Shares. 

  

	 	4.6.	Expenses. In the case of each registration effected under Section 4.1, the Company shall bear all reasonable costs and expenses of each such registration on behalf of
the selling holders of Registrable Shares, including, but not limited to, the Company’s printing, legal and accounting fees and expenses, Commission and NASD filing fees and “Blue Sky” fees; provided, however, that the
Company shall have no obligation to pay or otherwise bear any portion of the underwriters’ commissions or discounts attributable to the Registrable Shares being offered and sold by the holders of the Registrable Shares, or the fees and expenses
of counsel for the selling holders of Registrable Shares in connection with the registration of the Registrable Shares. 

  

 19 

	 	4.7.	Transferability. (a) For all purposes of Article IV of this Agreement, a Purchaser or assignee thereof who agrees to be bound by the provisions of this Article IV shall
be deemed at any particular time to be the holder of all Registrable Securities of which such person shall at such time be the “beneficial owner,” determined in accordance with Rule 13d-3 under the Exchange Act. 

ARTICLE V 
 MISCELLANEOUS

  

	 	5.1.	No Waiver; Cumulative Remedies. No failure or delay on the part of any party to this Agreement in exercising any right, power or remedy hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. 

  

	 	5.2.	Amendments, Waivers and Consents. Any provision in the Agreement to the contrary notwithstanding, and except as hereinafter provided, changes in, termination or amendments of
or additions to this Agreement may be made, and compliance with any covenant or provision set forth herein may be omitted or waived, if the Company shall obtain consent thereto in writing from the Purchaser. Any waiver or consent may be given
subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

  

	 	5.3.	Addresses for Notices. All notices, requests, demands and other communications provided for hereunder shall be in writing (including telegraphic communication) and mailed,
telegraphed or delivered to each applicable party at the address set forth on Schedule 5.3 hereto or at such other address as to which such party may inform the other parties in writing in compliance with the terms of this Section. All such notices,
requests, demands and other communications shall be considered to be effective when delivered. 

  

	 	5.4.	Costs, Expenses and Taxes. All parties to bear their own expenses. 

  

	 	5.5.	Effectiveness; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, the Purchaser and the respective successors and
assigns; provided, that, the Company may not assign any of its rights or obligations under this Agreement without the prior written consent of the Purchaser. The Purchaser may assign all or any part of its rights and obligations hereunder to
any person who acquires any Shares or Warrants owned by the Purchaser subject to the conditions of this Agreement. 

  

 20 

	 	5.6.	Prior Agreements. The Transaction Documents executed and delivered in connection herewith constitute the entire agreement between the parties and supersede any prior
understandings or agreements concerning the subject matter hereof. 

  

	 	5.7.	Severability. The provisions of the Transaction Documents are severable and, in the event that any court of competent jurisdiction shall determine that any one or more of the
provisions or part of a provision contained therein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision or part of a provision of
such Transaction Document and the terms of the Shares shall be reformed and construed as if such invalid or illegal or unenforceable provision, or part of a provision, had never been contained herein, and such provisions or part reformed so that it
would be valid, legal and enforceable to the maximum extent possible. 

  

	 	5.8.	Governing Law; Venue.  

  

	 	A.	This Agreement shall be enforced, governed and construed in accordance with the laws the State of Florida or federal securities law where applicable without giving effect to choice
of laws principles or conflict of laws provisions. Any suit, action or proceeding pertaining to this Agreement or any transaction relating hereto shall be brought to the courts sitting in Delaware, United States of America, and the undersigned
hereby irrevocably consents and submits to the jurisdiction of such courts for the purpose of any such suit, action, or proceeding. Purchaser acknowledges and agrees that venue hereunder shall lie exclusively in Delaware. 

 

	 	B.	Purchaser hereby waives, and agrees not to assert against the Company, or any successor assignee thereof, by way of motion, as a defense, or otherwise, in any such suit, action or
proceeding, (i) any claim that the Purchaser is not personally subject to the jurisdiction of the above-named courts, and (ii) to the extent permitted by applicable law, any claim that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of any such suit, action or proceeding is improper or that this Agreement may not be enforced in or by such courts 

  

	 	5.9.	Headings. Article, section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement
for any other purpose. 

  

	 	5.10.	 Survival of Representations and Warranties. All representations and warranties made in the Transaction Documents, the Shares, or any other 

  

 21 

	 	 
instrument or document delivered in connection herewith or therewith, shall survive the execution and delivery hereof or thereof.

  

	 	5.11.	Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties
hereto may execute this Agreement by signing any such counterpart. 

  

	 	5.12.	Further Assurances. From and after the date of this Agreement, upon the request of the Purchaser or the Company, the Company and the Purchaser shall execute and deliver such
instruments, documents and other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of the Transaction Documents and the Shares. 

 IN WITNESS WHEREOF, the parties hereto have caused this Stock Purchase Agreement to be executed as of the date first above written. 
  

					
		 	Horizon Holding Corporation:
			
		 	By:	 	 /s/ Stewart York

		 	 NAME:
	 	 Stewart York

		 	 TITLE:
	 	 Chief Executive Officer

	
	 PURCHASER: Ischian Holdings, Ltd.

			
		 	By:	 	 /s/ John Mattera

		 	 NAME:
	 	 John Mattera

		 	 TITLE:
	 	 Director

  

 22Investment Advisory Agreement

 Exhibit 10.2 
 INVESTMENT ADVISORY AGREEMENT 
 THIS AGREEMENT (the “Agreement”) dated as of February 17, 2006, by and
between Horizon Holding Corporation, having its principal business at 1583 East Silver Star Road, Suite 346, Ocoee, FL 34761 and its subsidiaries (collectively, the “Company”) and Galileo Asset Management, SA, a Swiss Corporation and
member of the ARIF (Association Romande des Intermédiaires Fiduciares) located at the World Trade Center, Avenue Gratta-Paille 2, Case Postale 4767, CH – 10000 Lausanne 30, Switzerland (the “Advisor”). 
 WITNESSETH: 
 WHEREAS, the
Company desires to retain the Advisor and the Advisor desires to be retained by the Company pursuant to the terms and conditions hereinafter set forth: 
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein contained, it is hereby agreed as follows: 
 SECTION 1. Retention 
 (a) The
Company hereby retains the Advisor on an exclusive basis to perform the services set forth in Section 1 (b) below during the two (2) year period commencing on the date hereof. This Agreement shall automatically renew for additional
six-month periods unless terminated in writing not less than thirty (30) days prior to the original or any subsequent expiration date (the initial two-year period and any renewals thereof, the “Term”). The Advisor hereby accepts such
retention and shall perform for the Company the duties described herein, faithfully and to the best of its ability. During the Term, the Advisor shall report directly to the President of the Company or to any other senior officer designated in
writing by the President of the Company. 
 (b) The Advisor shall serve as an investment Advisor to the Company and render such advice and
services to the Company as may be reasonably requested by the Company concerning equity and/or debt financings, strategic planning, merger and acquisition possibilities and business development activities including, without limitation, the
following: 
 (i) Study and review of the business, operations, and historical financial performance of the Company (based
upon management’s forecast of financial performance) so as to enable the Advisor to provide advice to the Company; 
 (ii) Assist the Company in attempting to formulate the best strategy to meet the Company’s working capital and capital resource needs; 
 (iii) Assist in the formulation of the terms and structure of any reasonable proposed business combination transaction involving the Company, including without limitation, any merger or consolidation, sale of assets,
or sale or exchange of stock (a “Business Combination”); 
 (iv) Assist in the presentation to the Board of
Directors of the Company of any proposed transaction; 
  

 1 

 (v) Advise the Company in the preparation of press releases and other communications with
the financial and investment communities; 
 (vi) Assist the Company in its efforts to analyze the quantitative and
qualitative requirements as required by any exchange or medium, including but not limited to (A) net tangible assets, market capitalization, shareholders equity or net income, (B) public float of the Company’s common stock,
(C) market-makers, (D) shareholders, (E) corporate governance requirements, (F) independent directors, (G) audit and compensation committees and (H) assist, where necessary, in an effort to enable the Company to obtain
a more favorable exchange listing and to be in a position to remain continuously listed thereafter; and 
 (vii) Introduce the
Company to potential lenders of funds as well as to potential investors (whether such investment is in the form of debt and/or equity financing or some combination thereof). 
 SECTION 2. Compensation. 
 (a)
If the Advisor arranges or introduces the Company to any source (each individually, the “Advisor Source”) who provides an equity financing, including any securities convertible into equity (the “Equity Financing”), and the
Company closes a transaction with such provider, the Company shall pay the Advisor at closing (i) commissions in cash in an amount equal to ten percent (10%) of the total gross cash proceeds of the Equity Financing (ii) a
non-accountable expense allowance in cash equal to three percent (3%) of the total gross cash proceeds of the Equity Financing and (iii) warrants to purchase such number of shares of the Company’s common stock (the “Common
Stock”) as shall equal ten percent (10%) of the shares of the Common Stock issued at closing or to be issued thereafter upon conversion of any convertible securities and/or exercise of any derivative securities (including, without
limitation, warrants or options) issued in the Equity Financing on a post-financing, fully-diluted basis at an exercise price equal to the price per share in the placement of such Company Common Stock and exercisable, in whole or in part, during the
five (5) year period commencing on the issuance date of such warrants (the “Warrant Fee”). The Warrant Fee, at the option of the Advisor, may be exercised in cash or by an exchange of the “value” thereof as a “cashless
exercise.” 
 (b) If the Advisor introduces the Company to any Advisor Source for a Business Combination or facilitates or helps bring
about a Business Combination with a public or private company, which the Company closes, the Company shall pay the Advisor at closing (i) commission fees in cash in an amount equal to ten percent (10%) of the total gross cash proceeds and
all other non-cash consideration of the Business Combination paid or received by the Company, (ii) a non-accountable expense allowance in cash equal to three percent (3%) of the total gross cash proceeds and all other non-cash
consideration of the Business Combination paid or received by the Company, and (iii) a Warrant Fee equal to ten percent (10%) of the shares of the Common Stock issued at closing or to be issued upon conversion of any convertible securities
and/or exercise of any derivative securities (including, without limitation, warrants or options) issued in the Business Combination. The Warrant Fee, at the option of the Advisor, may be exercised in cash or by an exchange of the “value”
thereof as a “cashless exercise.” For this purpose, the “value” of the Warrant Fee with respect to the right to 

  

 2 

 
acquire one share of common stock shall be the amount equal to the closing bid price of the Common Stock on the date of exercise less the exercise price. In
the event the Company is not the surviving entity of the Business Combination, then the Warrant Fee shall be issued and convertible into the common stock of such surviving entity. 
 (c) If the Advisor introduces the Company to any Advisor Source who provide any of the following capital related instruments for the Company (each a
“Transaction”), the Company shall pay the Advisor a cash fee at closing based upon the total face value of the Transaction in accordance with the following schedule: (i) an amount equal to six percent (6%) of any and all
consideration received by the Company in any debt financing not convertible into equity and a non-accountable expense allowance in an amount equal to one percent (1%) of any and all consideration received by the Company in such debt financing
(“Senior Financing”); (ii) three percent (3%) of any revolving credit line; (iii) two percent (2%) of any credit enhancement instrument, including on an insured or guaranteed basis; and (iv) ten percent
(10%) of any revenue-producing contract, fee-sharing arrangement, licensing, royalty or similar agreement. 
 (d) Each Advisor Source
introduced to the Company on the date of this Agreement shall be listed in Schedule A annexed hereto and made a part hereof. Subsequent to the date of this Agreement and immediately upon the Advisor’s introduction of a Advisor Source to the
Company, the Advisor shall amend Schedule A to include each additional Advisor Source and deliver such amended Schedule A to the Company within ten (10) days of such introduction. 
 (e) The obligation of the Company to compensate Advisor for any Fee Transaction, whether or not made through or with an Advisor Source, shall survive for
a period of three (3) years from the date of execution of this Agreement for each such Fee Transaction. 
 (f) The Company shall pay the
Advisor a non-refundable retainer fee of Two Thousand, Five Hundred Dollars ($2,500) per month for the Term hereof (the “Retainer Fee”). The retainer fee shall be paid on the first day of each month beginning with March 1, 2006.

 (g) Except as otherwise provided for herein: 
 (i) All fees due to the Advisor hereunder shall have no offsets, are non-refundable, non-cancelable and shall be free and clear of any and all encumbrances. 
 (ii) All cash fees due the Advisor hereunder shall be paid to the Advisor immediately upon closing of any Fee Transaction by wire transfer
of immediately available funds from the proceeds of the Fee Transaction, either directly or from the formal or informal escrow arrangement established for the Fee Transaction by the agent holding such funds (collectively, the “Closing
Agent”), pursuant to the written wire transfer instructions of the Advisor to the Closing Agent. The Closing Agent shall be the attorneys for the Advisor. 
 (iii) All securities fees due the Advisor hereunder shall be made via DTC or the DWAC system if eligible for such system, or by
certificates issued by the transfer agent for the Company or the Company, as applicable, and shall be delivered to the Advisor by the Closing Agent immediately upon closing of any Fee Transaction. 
  

 3 

 (iv) All securities fees due the Advisor hereunder shall be duly issued, fully-paid
(exclusive of warrants or options) and non-assessable and shall be in the same form, with the same terms and conditions as the securities provided to the Company pursuant to any Fee Transaction. 
 (v) For the purposes of this Agreement, “Registrable Securities” shall mean (i) all shares of Common Stock of the Company
paid or payable to the Advisor under this Agreement, (ii) all shares of Common Stock into which convertible securities issued or issuable to the Advisor under this Agreement are convertible and (iii) all shares of common stock into which
derivative securities (including, without limitation, warrants and options) issued or issuable to the Advisor are exercisable. The Company hereby grants to the Advisor “customary piggyback registration rights” and shall register all of the
Registrable Securities on any registration statement it files with the Securities and Exchange Commission relating to its securities (excluding registration statements on Forms S-4 or S-8) and in compliance with any and all federal and state
securities laws, in the name(s) of and to the account(s) designated by the Advisor. The Company agrees to pay all costs associated with registering the Registrable Securities for resale. In order to effectuate the foregoing provisions, at the
Advisor’s request, either simultaneously herewith or at anytime hereafter, the Company shall execute and deliver to the Advisor a Registration Rights Agreement reflecting the foregoing provisions. 
 (h) The Company shall authorize and direct the Closing Agent to distribute directly or from escrow any and all fees due the Advisor hereunder (or the
Company and the Advisor, if required to do so, shall establish an escrow account in accordance with NASD rules). The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of
any Fee Transaction. The Advisor is hereby authorized to notify the Closing Agent, on behalf of the Company and as its agent, to make all payments required hereunder directly to the Advisor. In order to effectuate the foregoing provisions, at the
Advisor’s request, either simultaneously herewith or anytime hereafter, the Company shall execute and deliver (i) a Power of Attorney that gives the Advisor the right to ensure payment to Advisor of any and all fees due hereunder and
(ii) the Irrevocable Disbursement Instructions annexed hereto as Schedule B that require the Closing Agent to pay any and all fees due the Advisor hereunder before it makes any disbursement to the Company. 
 SECTION 3. Expenses. The Company shall reimburse the Advisor, on a monthly basis or at such other times as the Advisors may request, for
all of the Advisor’s reasonable documented out-of-pocket expenses and travel expenses incurred in connection its activities hereunder, without regard to whether or not any closing occurs, including the fees and disbursements for it outside
legal counsel, regarding from or arising out of this engagement. The Advisor’s expenses, exclusive of the reasonable fees and disbursements of its outside counsel, shall not cumulatively exceed $2,500 per month without the prior written
approval of the Company. Notwithstanding the foregoing, the Company shall have a prior opportunity to review the terms of any engagement of outside counsel by the Advisor in connection with the transactions contemplated herein and that the Company
shall promptly provide the Advisor with objections, if any, to the proposed engagement. The Advisor agrees to reasonably consider any such objections in view of the Company’s obligations hereunder to assume responsibility for such expenses.
Reimbursement by the Company to the Advisor will be made within thirty (30) days of the Company’s receipt of said documentation. In addition, the Company shall be responsible for all mailing and printing expenses of the Advisor, and all
blue sky filing fees, if any, incurred or payable in connection with any financing transaction. 
  

 4 

 SECTION 4. Termination Fee. Provided that the Advisor is proceeding in good faith at all
times, the Company warrants that it will not terminate this Agreement for any reason unless such termination is made after compliance with Section 5 of this Agreement. The Company agrees that in the event it elects to terminate, cancel or
rescind any agreements, term sheets or letters of intent pursuant to any Equity Financing, Business Combination , Transaction or Other Transaction the Company enters into that was facilitated by the Advisor, excluding any such cancellation that is
made pursuant to pertinent “out clauses” or closing conditions of the respective documents regarding such transactions that allow the Company to terminate such transaction without incurring any liability or obligation to any other party,
then the Company shall immediately pay to the Advisor a termination fee equal to twenty-five percent (25%) of the total fees that would have been paid to the Advisor had the transaction been effected. 
 SECTION 5. Termination. This Agreement and the Advisor’s engagement hereunder shall not be terminated by Company under any
circumstances nor for any reason whatsoever, unless all compensation due to Advisor pursuant to Section 2 above has been distributed to the Advisor from the Closing Agent for all Fee Transactions entered into or closed prior to termination.
Sections 2, 3, 4, 6, 7 and 8 shall survive any termination of this Agreement. 
 SECTION 6. Confidential Information. The
Advisor agrees that during and after the Term, it will keep in strictest confidence, and will not disclose or make accessible to any other person without the written consent of the Company, the Company’s products, services and technology, both
current and under development, promotion and marketing programs, lists, trade secrets and other confidential and proprietary business information of the Company or any of its clients and third parties including, without limitation, Proprietary
Information (as defined in Section 7) (all of the foregoing is referred to herein as the “Confidential Information”). The Advisor agrees (a) not to use any such Confidential Information for itself or others, except in connection
with the performance of its duties hereunder; and (b) not to take any such material or reproductions thereof from the Company’s facilities at any time during the Term except, in each case, as required in connection with the Advisor’s
duties hereunder. 
 Notwithstanding the foregoing, the parties agree that the Advisor is free to use (a) information in the public
domain not as a result of a breach of this Agreement, (b) information lawfully received form a third party who had the right to disclose such information and (c) the Advisor’s own independent skill, knowledge, know-how and experience
to whatever extent and in whatever way he wishes, in each case consistent with his obligations as the Advisor and that, at all times, the Advisor is free to conduct any research relating to the Company’s business. 
 SECTION 7. Ownership of Proprietary Information. The Advisor agrees that all information that has been created, discovered or developed by
the Company, its subsidiaries, affiliates, licensors, licensees, successors or assigns (collectively, the “Affiliates”) (including, without limitation, information relating to the development of the Company’s business created,
discovered, developed by the Company or any of its affiliates during the Term, and information relating to the Company’s customers, suppliers, Advisors, and licensees) and/or in which property rights have been assigned or otherwise conveyed to
the Company or the Affiliates, shall be the sole property of the Company or the Affiliates, as applicable, and the Company or the Affiliates, as the case may be, shall be the sole owner of all patents, copyrights and other rights in connection
therewith, including without limitation the right 

  

 5 

 
to make application for statutory protection. All the aforementioned information is hereinafter called “Proprietary Information.” By way of
illustration, but not limitation, Proprietary Information includes trade secrets, processes, discoveries, structures, inventions, designs, ideas, works of authorship, copyrightable works, trademarks, copyrights, formulas, improvements, inventions,
product concepts, techniques, marketing plans, merger and acquisition targets, strategies, forecasts, blueprints, sketches, records, notes, devices, drawings, customer lists, patent applications, continuation applications, continuation-in-part
applications, file wrapper continuation applications and divisional applications and information about the Company’s Affiliates, its employees and/or Advisors (including, without limitation, the compensation, job responsibility and job
performance of such employees and/or Advisors). 
 All original content, proprietary information, trademarks, copyrights, patents or other
intellectual property created by the Advisor that does not include any specific information relative to the Company’s proprietary information, shall be the sole and exclusive property of the Advisor. 
 SECTION 8. Indemnification. The Company represents that all materials provided or to be provided to the Advisor or any third party
regarding the Company’s financial affairs or operations are and shall be truthful and accurate and in compliance with any and all applicable federal and state securities laws. The Company agrees to indemnify and hold harmless the Advisor and
its Advisors, professionals, lawyers, consultants and affiliates, their respective directors, officers, shareholders, partners, members, managers, agents and employees and each other person, if any, controlling the Advisor or any of its affiliates
to the full extent lawful, from and against all losses, claims, damages, liabilities and expenses incurred by them (including reasonable attorneys’ fees and disbursements) that result from actions taken or omitted to be taken (including any
untrue statements made or any statement omitted to be made) by the Company, its agents or employees which relate to the scope of this Agreement and the performance of the services by the Advisor contemplated hereunder. The Advisor will indemnify and
hold harmless the Company and the respective directors, officers, agents, affiliates and employees of the Company from and against all losses, claims damages, liabilities and expenses that result from bad faith, gross negligence or unauthorized
representations of the Advisor. In no event shall the Advisor be responsible or liable hereunder for an amount in excess of the compensation received by it pursuant to this Agreement. Each person or entity seeking indemnification hereunder shall
promptly notify the Company, or the Advisor, as applicable, of any loss, claim, damage or expense for which the Company or the Advisor, as applicable, may become liable pursuant to this Section 8. No party shall pay, settle or acknowledge
liability under any such claim without consent of the party liable for indemnification, and shall permit the Company or the Advisor, as applicable, a reasonable opportunity to cure any underlying problem or to mitigate actual or potential damages.
The scope of this indemnification between the Advisor and the Company shall be limited to, and pertain only to certain transactions contemplated or entered into pursuant to this Agreement. 
 The Company or the Advisor, as applicable, shall have the opportunity to defend any claim for which it may be liable hereunder, provided it notifies the
party claiming the right to indemnification in writing within fifteen (15) days of notice of the claim. 
 The rights stated pursuant to
this Section 8 shall be in addition to any rights that the Advisor, the Company, or any other person entitled to indemnification may have in common law or otherwise, including, but not limited to, any right to contribution. 
  

 6 

 SECTION 9. Notices. Any notice or other communication under this Agreement shall be in
writing and shall be deemed to have been duly given: (a) upon facsimile transmission (with written transmission confirmation report) at the number designated below; (b) when delivered personally against receipt therefore; (c) one day
after being sent by Federal Express or similar overnight delivery; or (d) five (5) business days after being mailed registered or certified mail, postage prepaid. The addresses for such communications shall be as set forth below or to such
other address as a party shall give by notice hereunder to the other party to this Agreement. 
  

			
	 If to the Company:
	  	 _________________.

		  	 _________________

		  	 _________________

		  	 Telephone: ______________

		  	 Telecopy: _______________

		  	 Attention: _______________

		
	 If to the Advisor:
	  	 Galileo Asset Management, SA

		  	 World Trade Center

		  	 Avenue Gratta-Paille 2

		  	 Case Postale 4767

		  	 CH – 10000 Lausanne 30, Switzerland

		  	 Telephone: +41-21-641-5691

		  	 Telecopy: +41-21-641-5694 and 212-504-3262

		  	 Attention: Marie-Christine Wright

		
	 With a copy to:
	  	 San Rafael Consulting Group, LLC

		  	 8560 Heron Lagoon Circle

		  	 Sarasota, Florida 34242

		  	 Telephone: (941) 346-7550

		  	 Telecopy: (941) 346-9230

		  	 Attention: Office of General Counsel

 SECTION 10. Status of Advisor. The Advisor shall be deemed to be an independent
contractor and, except as expressly provided or authorized in this Agreement, shall have no authority to act for on behalf of or represent the Company. This Agreement does not create a partnership or joint venture. 
 SECTION 11. Other Activities of Advisor. The Company recognizes that the Advisor now renders and may continue to render financial
consulting and other investment advisory services to other companies that may or may not conduct business and activities similar to those of the Company. The Advisor shall not be required to devote its full time and attention to the performance of
its duties under this Agreement, but shall devote only so much of its time and attention as it deems reasonable or necessary for such purposes. 
  

 7 

 SECTION 12. Successors and Assigns. This Agreement and all of the provisions hereof shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement and any of the rights, interests or obligations hereunder may be assigned by the Advisor without the prior written
consent of the Company. This Agreement and any of the rights, interests or obligations hereunder may not be assigned by the Company without the prior written consent of the Advisor, which consent shall not be unreasonably withheld. 
 SECTION 13. Severability of Provisions. If any provision of this Agreement shall be declared by a court of competent jurisdiction to be
invalid, illegal or incapable of being enforced in whole or in part, the remaining conditions and provisions or portions thereof shall nevertheless remain in full force and effect and enforceable to the extent they are valid, legal and enforceable,
and no provision shall be deemed dependent upon any other covenant or provision unless so expressed herein. 
 SECTION 14. Entire
Agreement; Modification. This Agreement and the schedule hereto contains the entire agreement of the parties relating to the subject matter hereof, and the parties hereto and thereto have made no agreements, representations or warranties
relating to the subject matter of this Agreement which are not set forth herein. No amendment or modification of this Agreement shall be valid unless made in writing and signed by each of the parties hereto. 
 SECTION 15. Non-Waiver. The failure of any party to insist upon the strict performance of any of the terms, conditions and provisions of
this Agreement shall not be construed as a waiver or relinquishment of future compliance therewith; and the said terms, conditions and provisions shall remain in full force and effect. No waiver of any term or condition of this Agreement on the part
of any party shall be effective for any purpose whatsoever unless such waiver is in writing and signed by such party. 
 SECTION 16.
Remedies For Breach. The Advisor and Company mutually agree that any breach of Sections 2, 3, 4, 5, 6, 7 or 8 of this Agreement by the Advisor or the Company may cause irreparable damage to the other party and/or their affiliates, and
that monetary damages alone would not be adequate and, in the event of such breach or threat of breach, the damaged party shall have, in addition to any and all remedies at law and without the posting of a bond or other security, the right to an
injunction, specific performance or other equitable relief necessary to prevent or redress the violation of either party’s obligations under such Sections. In the event that an actual proceeding is brought in equity to enforce such Sections,
the offending party shall not urge as a defense that there is an adequate remedy at law nor shall the damaged party be prevented from seeking any other remedies that may be available to it. The defaulting party shall pay all attorney’s fees and
costs incurred by the other party in enforcing this Agreement. 
 SECTION 17. Governing Law. The parties hereto acknowledge
that the transactions contemplated by this Agreement bear a reasonable relation to the state of New York. This Agreement shall be governed by, and construed and interpreted in accordance with, the internal laws of the state of New York without
regard to such state’s principles of conflicts of laws. The parties irrevocably and unconditionally agree that the exclusive place of jurisdiction for any action, suit or proceeding (“Actions”) relating to this Agreement shall be in
the state or federal courts situated in the county and state of New York. Each party irrevocably and unconditionally waives any objection it may have to the venue of any Action brought in such courts or to the convenience of the forum. Final 

  

 8 

 
judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment, a certified or true copy of which shall
be conclusive evidence of the fact and the amount of any indebtedness or liability of any party therein described. Service of process in any Action by any party may be made by serving a copy of the summons and complaint, in addition to any other
relevant documents, by commercial overnight courier to any other party at their address set forth in this Agreement. 
 SECTION 18.
Headings. The headings of the Sections are inserted for convenience of reference only and shall not affect any interpretation of this Agreement. 
 SECTION 19. Counterparts. This Agreement may be executed in counterpart signatures, each of which shall be deemed an original, but all of which, when taken together, shall constitute one and the same
instrument, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of the party executing (or on
whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature page were an original thereof. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement of thirteen (13) pages as of the day and year first written above. 
  

			
	 HORIZON HOLDING CORPORATION

		
	 By: 
	 	  
	 Name: 
	 	 Stewart York

	 Title: 
	 	 Chief Executive Officer

	
	 GALILEO ASSET MANAGEMENT SA

		
	 By: 
	 	  
	 Name: 
	 	 Marie-Christine Wright

	 Title: 
	 	 Director

  

 9 

 SCHEDULE A 
 Merger, Acquisition, Strategic Alliance, Lender & Investor List 
 For: Horizon Holding
Corporation From: Galileo Asset Management SA 
 CONFIDENTIAL 
  

 10 

 Schedule B 
 Irrevocable Disbursement Instructions 
  

			
	Company:	  	____________________.
	Address:	  	____________________
	Contact:	  	____________________
	Telephone:	  	____________________

  

			
	Investment Advisor:	  	 Galileo Asset Management SA

		  	 World Trade Center

		  	 Avenue Gratta-Paille 2

		  	 Case Postale 4767

		  	 CH – 10000 Lausanne 30, Switzerland

		  	 Telephone: +41-21-641-5691

		  	 Telecopy: +41-21-641-5694

		  	 Attention: Marie-Christine Wright

 Reference is made to the Exclusive Investment Advisory Agreement (the “Agreement”) of even date herewith
between Galileo Asset Management SA (“Advisor”) and _____________ (the “Company”), a copy of which is annexed hereto. All capitalized terms used herein shall have the meanings ascribed to them in the Agreement. 
 This Irrevocable Disbursement Instructions (“Instructions Instrument”) confirms the Company’s agreement, instructions and authority to direct the Closing
Agent, to remit funds or securities to Advisor for any and all fees due to Advisor directly from the closing proceeds of any Fee Transaction, pursuant to the terms and conditions of the Agreement. 
 This Irrevocable Payment Authorization has been executed in connection with a proposed transaction facilitated by Advisor for the benefit of the Company. The Company
further agrees, confirms and directs the Closing Agent as follows: 
 1) All of the fees and securities payable and paid to Advisor shall be
made without offsets, claims or encumbrances and shall be paid in certified U.S. funds and be remitted to Advisor upon the closing of any Business Combination, Senior Financing, Equity Financing or other transaction pursuant to the Agreement. THE
CLOSING AGENT SHALL NOT DISBURSE ANY FUNDS TO ANY PERSON UNLESS THE ADVISOR IS PAID AT OR PRIOR TO ANY SUCH DISBURSEMENT. 
 2) This
instrument confirms and directs the Closing Agent to list and include Advisor in any and all required closing documentation and disbursement memoranda, as deemed necessary to effectuate the terms of the Agreement and this Instructions Letter.

  

 11 

 3) This Instructions Authorization is effective for a period of three (3) years from the date of the
Agreement. 
 4) All remittances made to Advisor shall be directed as set forth in the Schedule below. 
 The Company hereby agrees and confirms this Irrevocable Disbursement Instructions is approved by the Company and sets it hand upon this _______ day of ___________, 2006.

  

					
	 Company:
	 		 	Corporate Seal or Notary Public
			
	   	 	   	 	   
	 Print Name & Title
	 		 	
			
	   	 	   	 	   
	 Authorized Signatory
	 		 	

  

 12 

 Schedule C 
 Remittance Information for Company to Advisor 
 Via Federal Wire Transfer: 
 Credit Suisse 
 Lausanne 
 Account No: 0425-497186-92-1 
 Account Name: Galileo Asset Management SA

 SWIFT: CRESCHZZ10A 
 IBAN: CH 63 0442 5049 7186 9200 1

 Clearing No (for payments made within Switzerland): 4425 
 Compte Postal 12-35-2 
 For securities that cannot be wired: 
 Galileo Asset Management SA 
 World Trade Center 
 Avenue Gratta-Paille 2 
 Case Postale 4767 
 CH – 10000 Lausanne 30, Switzerland 
 Telephone: +41-21-641-5691 
 Attention: Marie-Christine Wright 
  

 13

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