Document:

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

This ASSIGNMENT
AND ASSUMPTION AGREEMENT (the “Agreement”) is dated as of January 15, 2013 (the “Effective Date”),
by and between InterCore Energy, Inc., a Delaware corporation (the “Assignor” or “ICOR”),
on the one hand, and HLBC Distribution Company, Inc., a Nevada corporation (“Assignee”), on the other
hand. Each of the Assignor and the Assignee shall be referred to herein as a “Party” and collectively as the
“Parties.”

 

W I T N E S S E T H

 

A.  WHEREAS, the
Assignor is a party to that certain Share Exchange Agreement (the “Share Exchange Agreement”) with SRG,
Inc., a Quebec Province corporation (“SRG”) dated of even date hereof, wherein the Assignor is acquiring 100%
of SRG in exchange for One Million Shares (1,000,000) of the Assignor’s Series C Preferred Stock, which will represent 80%
of the Assignor’s voting control at Closing (as defined in the Share Exchange Agreement).

 

B.  WHEREAS, pursuant
to the Share Exchange Agreement, the Assignor agreed it would assign and transfer to the Assignee all of the Assignor's right,
title and interest in and to all the Assets (as defined below) related and incidental to the business of the Assignor (the “Business”),
as it was conducted on and prior to the closing of the transactions contemplated by the Share Exchange Agreement.

 

C.  WHEREAS, pursuant
to the Share Exchange Agreement and effective with the Closing (as defined in the Share Exchange Agreement) of the transaction
contemplated in the Share Exchange Agreement, as the purchase price for the Assets the Assignee has agreed to assume, fully perform,
satisfy and be liable for all of certain liabilities and obligations of the Assignor as defined below (the “Assumed Liabilities”).”

 

D.  WHEREAS, for
the purpose of this Agreement, “Assets” shall mean all personal property (both tangible and intangible), contracts,
accounts receivables, equipment, fixtures, general Intangibles (such as telephone and fax numbers, e-mail addresses and website
URLs), bank deposit accounts, cash, all present and future contracts, all patents, franchise rights, trademarks, service marks,
trade names, inventions, processes, know-how, trade secrets, copyrights, licenses and other rights related and incidental to the
Business, and as further defined on Exhibit A.

 

E.    WHEREAS, for
the purpose of this Agreement, “Assumed Liabilities” shall mean the obligations of the Assignor listed on Exhibit
B.

 

NOW THEREFORE, in consideration
of the premises and respective mutual agreements, covenants, representations and warranties herein contained, it is agreed between
the Parties hereto as follows:

 

    	 

    	 

    
 

ARTICLE 1

SALE OF ASSETS AND ASSUMPTION OF LIABILITIES

 

1.1 Assignment.
In exchange for the assumption of the Assumed Liabilities, which are valued at more than the value of the Assets, Assignor hereby
grants, sells, assigns, transfers, conveys and delivers to the Assignee, their successors and assigns, all of Assignor's rights,
title and interest under, in and to the Assets and Business"), as well as issue the Assignee 40,203,785 shares of the Assignor’s
common stock (the “Shares”), and warrants to purchase 50,000,000 shares of the Assignor’s common stock, at the
exercise price of $0.0055 per share (the fair market value of Assignor’s common stock as of the date of this Agreement) and
in the form attached hereto as Exhibit E (the “Warrants” and together with the Shares, the “Securities”).

 

1.2 Assumption
of Assumed Liabilities. The Assignee hereby expressly assumes and agrees to pay, perform and/or discharge in accordance with
their terms the Assumed Liabilities.

 

1.3 Further Assurances.
Each of Assignor and Assignee agree to execute such other documents and take such other actions as may be reasonably necessary
or desirable to confirm or effectuate the assignment and assumption contemplated hereby.

 

ARTICLE 2

REPRESENTATIONS AND WARRANTIES

OF ASSIGNEE

 

2.1 Representations
and Warranties of Assignee. To induce the Assignor to enter into this Agreement and to consummate the transactions contemplated
hereby, Assignee represents and warrants as of the date hereof and as of the Closing, as follows:

 

2.1.1 Authority
of Assignee; Acquisition of Assets/Assumption of Assumed Liabilities. Assignee has the full right, power and authority to enter
into this Agreement and to carry out and consummate the transactions contemplated herein. This Agreement, and all of the Exhibits
attached hereto, constitutes the legal, valid and binding obligation of Assignee. As required under this Agreement, Assignee will
acquire the Assets and assume the Assumed Liabilities as set forth herein.

 

2.1.2 Corporate
Existence and Authority of the Assignee. The Assignee is a corporation duly organized, validly existing and in good standing
under the laws of Nevada. It has all requisite corporate power, franchises, licenses, permits and authority to own its properties
and assets and to carry on its business as it has been and is being conducted. It is in good standing in each state, nation or
other jurisdiction in each state, nation or other jurisdiction wherein the character of the business transacted by it makes such
qualification necessary.

 

    	 

    	 

    
 

 

2.1.3 Assets
Acquired “As Is”. The Assignor makes no representations or warranties regarding the Assets, including, but not
limited to, its business, its financial condition or statements, its prospects, its employment matters, and its regulatory matters.
The Assignee acknowledges that it is intimately familiar with the Assets, its business operations, and its financial condition,
and is receiving control of the Assets on an “as is” basis.

 

2.2 Investment
Representations. The Assignee hereby represents and warrants to the Assignor as follows:

 

2.2.1 Acknowledgment.
The Assignee understands and agrees that the Securities have not been registered under the Securities Act of 1933, as amended,
or the securities laws of any state of the U.S. and that the issuance of the Securities is being effected in reliance upon an exemption
from registration afforded either under Section 4(2) of the Securities Act for transactions by an issuer not involving a public
offering.

 

2.2.2 Status.
By its execution of this Agreement, the Assignee represents and warrants to the Assignor that the Assignee is a sophisticated investor,
familiar with the Assignor’s company and business. The Assignee understands that the Securities are being offered and sold
to the Assignee in reliance upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings
of the Assignee set forth in this Agreement, in order that the Assignor may determine the applicability and availability of the
exemptions from registration of the Securities on which the Assignor is relying.

 

2.2.3 Stock
Legends.

 

(a)     The
Assignee understands and agrees that the certificates and agreements evidencing the Shares and the Warrants issued to the Assignee
will bear the following legend:

 

THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO INTERCORE ENERGY, INC. AN OPINION OF COUNSEL, WHICH COUNSEL
AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND APPLICABLE STATE SECURITIES LAWS.

 

    	 

    	 

    
 

 

(b)     Other
Legends. The certificates representing the Securities, and each certificate issued in transfer thereof, will also bear any other
legend required under any applicable Law, including, without limitation, any U.S. state corporate and state securities law, or
contract.

 

ARTICLE 3

REPRESENTATIONS AND WARRANTIES

OF THE ASSIGNOR

 

3.1 Representations
and Warranties of the Assignor. To induce Assignee to enter into this Agreement and to consummate the transactions contemplated
hereby, the Assignor represents and warrants, as of the date hereof and as of the Closing, as follows:

 

3.1.1 Authority
of the Assignor/Transfer of Assets. The Assignor has the full right, power and authority to enter into this Agreement and to
carry out and consummate the transactions contemplated herein. This Agreement, and all of the Exhibits attached hereto, constitutes
the legal, valid and binding obligation of the Assignor. The Assignor shall transfer title in and to the Assets to Assignee.

 

3.1.2 Corporate
Existence and Authority of the Assignor. The Assignor is a corporation duly organized, validly existing and in good standing
under the laws of Delaware. It has all requisite corporate power, franchises, licenses, permits and authority to own its properties
and assets and to carry on its business as it has been and is being conducted. It is in good standing in each state, nation or
other jurisdiction in each state, nation or other jurisdiction wherein the character of the business transacted by it makes such
qualification necessary.

 

3.1.3 Execution
of Agreement. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated
hereby will not: (a) violate, conflict with, modify or cause any default under or acceleration of (or give any Party any right
to declare any default or acceleration upon notice or passage of time or both), in whole or in part, any charter, article of incorporation,
bylaw, mortgage, lien, deed of trust, indenture, lease, agreement, instrument, order, injunction, decree, judgment, law or any
other restriction of any kind to which the Assignor is a party or by which it or any of its properties are bound; (b) result in
the creation of any security interest, lien, encumbrance, adverse claim, proscription or restriction on any property or asset (whether
real, personal, mixed, tangible or intangible), right, contract, agreement or business of the Assignor; (c) violate any law, rule
or regulation of any federal or state regulatory agency; or (d) permit any federal or state regulatory agency to impose any restrictions
or limitations of any nature on the Assignor or any of its actions.

 

    	 

    	 

    
 

 

ARTICLE 4

CLOSING AND DELIVERY OF DOCUMENTS

 

4.1Closing.
The closing of the transaction contemplated herein will be coordinated with the closing of the transactions contemplated by that
certain Share Exchange Agreement by and between InterCore Energy, Inc., SRG, Inc. and certain SRG shareholders and dated of even
date hereof, and it is the intent of the parties that the transactions contemplated by both agreements close simultaneously.

 

4.2Deliveries
by Assignor. At the Closing, the Assignor shall deliver the following:

 

(a)   a signed copy of this Agreement;

 

(b)   written confirmation of the approval of this Agreement and the herein described transactions by ICOR’s Board of Directors;
and

 

(c)   a signed
Instrument of Transfer effecting the transfer of the Assets to the Assignee in the form attached hereto as Exhibit C.

 

4.3Delivery by Assignee:
At the Closing, Assignee shall deliver the following:

 

(a)   a signed
copy of this Agreement;

 

(b)  written
confirmation of the approval of this Agreement and the herein described transactions by Assignee’s Board of Directors, if
a corporation; and

 

(c)    a
signed copy of the Assumption of Liabilities in the form attached hereto as Exhibit D.

 

ARTICLE 5

TERMINATION, AMENDMENT AND WAIVER

 

5.1Termination.
Notwithstanding anything to the contrary contained in this Agreement, this Agreement may be terminated and the transactions contemplated
hereby may be abandoned prior to the Closing Date only by the mutual consent of all of the Parties.

 

5.2Waiver and
Amendment. Any term, provision, covenant, representation, warranty or condition of this Agreement may be waived, but only by
a written instrument signed by the Party entitled to the benefits thereof. The failure or delay of any Party at any time or times
to require performance of any provision hereof or to exercise its rights with respect to any provision hereof shall in no manner
operate as a waiver of or affect such Party’s right at a later time to enforce the same. No waiver by any Party of any condition,
or of the breach of any term, provision, covenant, representation or warranty contained in this Agreement, in any one or more instances,
shall be deemed to be or construed as a further or continuing waiver of any such condition or breach or waiver of any other condition
or of the breach of any other term, provision, covenant, representation or warranty. No modification or amendment of this Agreement
shall be valid and binding unless it be in writing and signed by all Parties hereto.

 

    	 

    	 

    
 

 

ARTICLE 6

COVENANTS, INDEMNIFICATION

 

6.1To induce the
other Party to enter into this Agreement and to consummate the transactions contemplated hereby, and without limiting any covenant,
agreement, representation or warranty made, the Parties covenants and agrees as follows:

 

6.1.1 Notices
and Approvals. The Parties agree: (a) to give all notices to third parties which may be necessary or desired by either Party
in connection with this Agreement and the consummation of the transactions contemplated hereby; (b) to use their best efforts to
obtain all federal and state governmental regulatory agency approvals, consents, permit, authorizations, and orders required or
requested by either Party in connection with this Agreement and the consummation of the transaction contemplated hereby; and (c)
to use their best efforts to obtain all consents and authorizations of any other third parties necessary or requested by either
Party in connection with this Agreement and the consummation of the transactions contemplated hereby.

 

6.1.2 Information
for Statements and Applications. Each Party, and its accountants and attorneys shall cooperate fully with other Party in the
preparation of any filings, statements or applications made by either Party to any federal or state governmental regulatory agency
in connection with this Agreement and the transactions contemplated hereby and to furnish either Party with all information concerning
the Party and/or the Assets and Assumed Liabilities necessary or deemed desirable by either Party for inclusion in such statements
and applications, including, without limitation, all requisite financial statements and schedules.

 

6.1.3Access
to Information. Each Party, together with its appropriate attorneys, agents and representatives, shall be permitted to make
the full and complete investigation of the other Party relative to the transaction contemplated by this Agreement and have full
access to all of the books and records of the Party, relative to the transaction contemplated by this Agreement, and the Assets
and Assumed Liabilities during reasonable business hours. Notwithstanding the foregoing, such Party shall treat all such information
as confidential and shall not disclose such information without the prior consent of the other Party.

 

    	 

    	 

    
 

 

ARTICLE 7

MISCELLANEOUS

 

7.1Expenses.
Except as otherwise specifically provided for herein, whether or not the transactions contemplated hereby are consummated, each
of the Parties hereto shall bear the cost of all fees and expenses relating to or arising from its compliance with the various
provisions of this Agreement and such Party’s covenants to be performed hereunder, and except as otherwise specifically provided
for herein, each of the Parties hereto agrees to pay all of its own expenses (including, without limitation, attorneys and accountants’
fees and printing expenses) incurred in connection with this Agreement, the transactions contemplated hereby, the negotiations
leading to the same and the preparations made for carrying the same into effect, and all such fees and expenses of the Parties
hereto shall be paid prior to Closing.

 

7.2Any notice,
request, instruction or other document required by the terms of this Agreement, or deemed by any of the parties hereto to be desirable,
to be given to any other party hereto shall be in writing and shall be delivered by facsimile or overnight courier to the following
addresses:

 

If to Assignee:

 

HLBC Distribution Company,
Inc.

8270 S. 33rd Street,
#307

Lincoln, Nebraska 68516

Attn. M. Scott Stevens

Telephone: ______________

Facsimile: _______________

Email: _______________

 

If to the Assignor:

 

InterCore Energy, Inc.

1 International Boulevard - Suite 400

Mahwah, NJ 07495-0027

Attention: James F. Groelinger, CEO

Telephone:______________

Facsimile:_______________

 

The persons and addresses
set forth above may be changed from time to time by a notice sent as aforesaid. Notice shall be conclusively deemed given at the
time of delivery if made during normal business hours, otherwise notice shall be deemed given on the next business day.

 

    	 

    	 

    
 

 

7.3Entire Agreement.
This Agreement, together with the schedules and exhibits hereto, sets forth the entire agreement and understanding of the Parties
hereto with respect to the transactions contemplated hereby, and supersedes all prior agreements, arrangements and understandings
related to the subject matter hereof. No understanding, promise, inducement, statement of intention, representation, warranty,
covenant or condition, written or oral, express or implied, whether by statute or otherwise, has been made by any Party hereto
which is not embodied in this Agreement, or exhibits hereto or the written statements, certificates, or other documents delivered
pursuant hereto or in connection with the transactions contemplated hereby, and no Party hereto shall be bound by or liable for
any alleged understanding, promise, inducement, statement, representation, warranty, covenant or condition not so set forth.

 

7.4Survival
of Representations. All statements of fact (including financial statements) contained in the schedules, the exhibits, the certificates
or any other instrument delivered by or on behalf of the Parties hereto, or in connection with the transactions contemplated hereby,
shall be deemed representations and warranties by the respective Party hereunder. All representations, warranties, agreements,
and covenants hereunder shall survive the Closing and remain effective regardless of any investigation or audit at any time made
by or on behalf of the Parties or of any information a Party may have in respect thereto. Consummation of the transactions contemplated
hereby shall not be deemed or construed to be a waiver of any right or remedy possessed by any Party hereto, notwithstanding that
such Party knew or should have known at the time of Closing that such right or remedy existed.

 

7.5Incorporated
by Reference. All documents (including, without limitation, all financial statements) delivered as part hereof or incident
hereto are incorporated as a part of this Agreement by reference.

 

7.6Remedies
Cumulative. No remedy herein conferred upon any Party is intended to be exclusive of any other remedy and each and every such
remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or
in equity or by statute or otherwise.

 

7.7Execution
of Additional Documents. Each Party hereto shall make, execute, acknowledge and deliver such other instruments and documents,
and take all such other actions as may be reasonably required in order to effectuate the purposes of this Agreement and to consummate
the transactions contemplated hereby.

 

7.8Finders’
and Related Fees. Each of the Parties hereto is responsible for, and shall indemnify the other against, any claim by any third
party to a fee, commission, bonus or other remuneration arising by reason of any services alleged to have been rendered to or at
the instance of said Party to this Agreement with respect to this Agreement or to any of the transactions contemplated hereby.

 

7.9Governing
Law. This Agreement has been negotiated and executed in the State of Texas and shall be construed and enforced in accordance
with the laws of such state.

 

    	 

    	 

    
 

 

7.10Forum.
Each of the Parties hereto agrees that any action or suit which may be brought by any Party hereto against any other Party hereto
in connection with this Agreement or the transactions contemplated hereby may be brought only in a federal or state court in Fort
Bend County, Texas.

 

7.11Attorneys’
Fees. Except as otherwise provided herein, if a dispute should arise between the Parties including, but not limited to arbitration,
the prevailing Party shall be reimbursed by the nonprevailing Party for all reasonable expenses incurred in resolving such dispute,
including reasonable attorneys’ fees exclusive of such amount of attorneys’ fees as shall be a premium for result or
for risk of loss under a contingency fee arrangement.

 

7.12Binding
Effect and Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective
heirs, executors, administrators, legal representatives and assigns. This Agreement may not be assigned by either Party without
the express written consent of the other Party.

 

7.13Third Party
Beneficiary. This Agreement is not intended to and does not confer any rights on any third party, and no such third party shall
be a third party beneficiary under or in respect of this Agreement.

 

7.14Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. In making proof of this Agreement, it shall not be necessary to produce or account for more than one
such counterpart.

 

 

 

[Remainder of page
intentionally left blank; signatures to follow]

 

 

    	 

    	 

    

 

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

 

	“Assignee”	 	“Assignor”	 
	 	 	 	 
	HLBC Distribution Company, Inc.	 	InterCore Energy, Inc.	 
	a Nevada corporation	 	a Delaware corporation	 
	 	 		 
	 	 	 	 
	/s/ M. Scott Stevens	 	/s/ James F. Groelinger	 
	By: M. Scott Stevens	 	By: James F. Groelinger	 
	Its: President	 	Its: Chief Executive Officer	 
	 	 	 	 
	 	 	 	 

 

The undersigned consents to the assignment of the Soft and Smooth
Assets and to the transfer of those assets to HLBC Distribution Company, Inc.

 

		
	 	 
	 		/s/ Harry Pond
	 	 	Harry Pond, President

Biopack Environmental
Solutions, Inc

 

 

    	 

    	 

    

 

Exhibit A

 

List of Assets

 

	Asset Description	 	Value on ICOR Financial Statements	 
	 	 	 	 
	Myself Cash Flow	 	$ 0	 
	82,723 shares of Legends and Heroes, Inc. common stock	 	$ 325,000	 
	9,000,000 shares of Epec Biofuels Holdings, Inc.	 	$ 375,000	 
	Soft and Smooth Assets*	 	$ 0	 
	 	 	 	 	 

 

* The asset known as the Soft and Smooth
Assets, are defined as the Patent Assignment and all rights, interests and legal claim to that certain invention, entitled DELIVERY
DEVICE WITH INVERTIBLE DIAPHRAGM, including all intellectual property related to said invention.

 

The Assets, include, but are not limited
to the following patent applications have been filed regarding the invention:

 

U.S. Provisional Application No. 61/071,766,
filed May 16, 2008

 

PCT Patent Application No. PCT/US2009/044400,
filed May 18, 2009

 

U.S. Continuation-in-Part Application
No. 12/946,671, filed November 15, 2010.

 

And also includes any and all of ICOR’s
interest and rights under that certain Marketing and Development Services Agreement entered into by and between ICOR and Biopack
Environmental Solutions, Inc. regarding marketing, development and possible sale of the Soft & Smooth Assets.

 

Total Value of Assets Being Transferred:
$700,000

 

 

    	B-1

    	 

    

 

Exhibit B

 

List of Assumed Liabilities

 

 

Management Fees to be Transferred

 

	Creditor Name	Liability Amount
	 	 
	Stephen Gifis	$28,000
	James F. Groelinger	$92,000
	Frederick Larcombe	$92,000
	Wayne LeBlanc	$82,500
	Fred Voight	$92,000
	 	 
	Subtotal:	$386,500

 

  

Trade Payables to be Transferred

 

	Creditor Name	Liability Amount
	 	 
	Rivercoach Partners, LP	$27,380
	Rockland Group	$11,500
	RWIP, LLC	$106,418
	Alan Voight	$4,150
	 	 
	Subtotal:	$149,448

 

 

Notes Payables to be Transferred

 

	Creditor Name	Liability Amount
	 	 
	New Horizon, Inc.	$450,000
	 	 
	Subtotal:	$450,000

 

 

Total Liabilities to be Transferred:
$985,948

 

    	B-2

    	 

    
  

Exhibit C

 

Instrument of Transfer

 

 

    	B-3

    	 

    

 

Exhibit D

 

Instrument of Assumption

 

    	B-4

    	 

    

 

Exhibit E

 

Form of Warrant

 

 

 

 

    	B-5ASSET PURCHASE AGREEMENT

 

This
Asset Purchase Agreement (the “Agreement”) is entered into as of January 15, 2013 (the “Closing Date”)
by and between InterCore Energy, Inc., a Delaware corporation (“Seller”), and Rockland Group, LLC, a Texas limited
liability company (“Purchaser”). The Seller and the Purchaser shall each be referred
to individually as a “Party” and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, the Seller
is the owner of the assets described on Exhibit A (the “Assets”);

 

WHEREAS, the Seller
currently has an outstanding obligation due to the Purchaser that is in excess of the value of the Assets;

 

WHEREAS, the Seller
believes that selling the Assets in exchange for the extinguishment of amounts owed to the Purchaser equal to the value of the
Assets is in the best interest of the Seller and its shareholders;

 

WHEREAS, the Seller
desires to sell to Purchaser, and the Purchaser desires to purchase and acquire from the Seller, Seller’s interest in the
Assets according to the terms set forth herein.

 

NOW, THEREFORE, in consideration
of the mutual promises herein contained, the Parties hereby agree as follows:

 

I.Purchase and Sale of the
Assets

 

1.1 Purchase and
Sale of Assets. The Seller hereby sells, transfers, assigns, and delivers to the Purchaser, free and clear of any liens or
encumbrances of any kind, all of the Seller’s right, title, and interest in the Assets.

 

1.2Assumption
of Liabilities. The Purchaser will not assume any liabilities or obligations related to the Assets, and Seller represents that
there are no liabilities or obligations related to the Assets.

 

1.3Closing.
The closing shall be deemed to have taken place on the Closing Date. 

 

1.4Post-Closing
Activities. At any time after the Closing Date, upon any Party’s written request and without further consideration, the
other Party shall take such other actions as the requesting Party may reasonably deem necessary or desirable in order to consummate
the terms, and recognize the benefits, of obligations under and transactions contemplated by this Agreement.

 

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II.Purchase Price

 

In consideration of
the Seller’s sale, transfer, and assignment of the Assets, the Purchaser shall issue the Seller the following:

 

2.1Forgiveness
of Debt. The Seller currently owes the Purchaser $789,938. In exchange for the Assets, the Purchaser is signing a forgiveness
of debt, in the form attached hereto as Exhibit B, evidencing its agreement to forgive $210,000 of the debt in exchange
for the Assets (the “Purchase Price”).

 

III.Representations and Warranties
of the Seller

 

The Seller represents
and warrants to the Purchaser, as of the date of this Agreement and again as of the Closing, as follows:

 

3.1Organization.
The Seller is a corporation, duly organized, validly existing, and in good standing under the laws of Delaware, and has all requisite
corporate power and authority to carry on its business as now conducted by it and to own and operate its assets as now owned and
operated by it. The Seller has delivered to the Purchaser true and correct copies of the Seller’s Articles of Incorporation
(the “Organizational Documents”) as currently in effect.

 

3.2Authority;
Enforceability.

 

(a)The Seller has
the right, power, and authority to execute and deliver this Agreement and all other documents executed or to be executed by the
Seller pursuant to this Agreement (the “Transaction Documents”), and to perform its obligations thereunder. The Transaction
Documents, to which the Seller is a Party, constitute (or will, when executed and delivered as contemplated herein, constitute)
the legally binding obligations of the Seller, enforceable in accordance with their respective terms.

 

(b)The execution,
delivery, and performance of the Transaction Documents by the Seller, and the consummation of the transactions contemplated thereby,
do not and will not: (i) require the consent, waiver, approval, license, or other authorization of any Person, except as provided
for herein; (ii) violate any of provision of applicable law; (iii) contravene, conflict with, or result in a violation of any provision
of the Seller’s Organizational Documents; (iv) conflict with, require a consent or waiver under, result in the termination
of any provisions of, constitute a default under, accelerate any obligations arising under, trigger any payment under, result in
the creation of any lien pursuant to, or otherwise adversely affect, any contract to which the Seller is a party or by which any
of its assets are bound, in each such case whether with or without the giving of notice, the passage of time, or both.

 

(c)All requisite
corporate action has been taken by the Seller to authorize and approve the execution and delivery of the Transaction Documents,
the performance by the Seller of its obligations thereunder, and of all other acts necessary or appropriate for the consummation
of the transactions contemplated by the Transaction Documents.

 

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3.3Legal
Actions. There is no demand, action, suit, claim, proceeding, complaint, grievance, charge, inquiry, hearing, arbitration,
or governmental investigation of any nature, public or private, (each, a “Proceeding”) pending or, to the knowledge
of the Seller, threatened by or against the Seller (or any of its officers, directors, partners, or employees) related to the Assets,
or involving any of the Assets, nor is there any basis for any such legal proceeding.

 

3.4Personal
Property, Inventory, and Title of Assets. The Assets were acquired by the Seller in bona fide, arms-length transactions entered
into in the ordinary course of business. The Seller owns, and at the Closing, the Purchaser shall be vested with, all right, title,
and interest in and to all of the Assets free and clear of any and all liens.

 

3.5Material
Contracts.

 

(a)               
The Seller has previously delivered to the Purchaser true and correct copies of all such material contracts (or accurate
written summaries of any oral material contract) related to the Assets, each as currently in effect.

 

(b)              
The Seller has not breached, violated, or defaulted under (or taken or failed to take any action that, with the giving of
notice, the passage of time, or both would constitute a breach, violation, or default under), or received notice alleging that
the Seller has breached, violated, or defaulted under (or taken or failed to take any action that, with the giving of notice, the
passage of time, or both would constitute a breach, violation, or default under) any contract included in the Assets. No other
party obligated to the Seller pursuant to any such contract has breached, violated, or defaulted under (or taken or failed to take
any action that, with the giving of notice, the passage of time, or both would constitute a breach, violation, or default under)
any such contract.

 

(c)               
All of the contracts included in the Assets: (i) were entered into in the ordinary course of business on commercially reasonable
terms, with bona fide third parties in arms-length transactions; (ii) are valid and enforceable in accordance with their terms;
(iii) are in full force and effect; and (iv) will continue to be valid and enforceable and in full force and effect on identical
terms following the Closing. All such contracts can be fulfilled or performed in accordance with their respective terms in the
ordinary course of business without undue or unusual expenditures of money or effort.

 

3.6Brokers.
Neither the Seller nor any other person acting on its behalf has incurred any obligation or liability to any person for any brokerage
fees, agent’s commissions, or finder’s fees in connection with the execution or delivery of the

 

IV.Representations and Warranties
of the Purchaser

 

4.1Organization.
The Purchaser is a limited liability company duly organized, validly existing, and in good standing under the laws of the State
of Texas.

 

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4.2Authority;
Enforceability. The Purchaser has full corporate power and authority to execute and deliver the Transaction Documents to which
it is, or will be, a party, and to perform its obligations thereunder. The Transaction Documents to which the Purchaser is a party
constitute (or will, when executed and delivered at the Closing, constitute) the legally binding obligations of the Purchaser,
enforceable in accordance with their respective terms. The execution, delivery, and performance of the Transaction Documents by
the Purchaser, and the consummation of the transactions contemplated thereby, do not and will not: (a) require the consent, waiver,
approval, license or other authorization of any Person; (b) violate any provision of Applicable Law applicable to the Purchaser;
(c) contravene, conflict with, or result in a violation of: (i) any provision of the Purchaser’s Articles of Incorporation,
Regulations, or any other governing or constitutive documents of the Purchaser; or (ii) any resolution adopted by the manager,
member, or other governing bodies of the Purchaser; or (d) conflict with, result in the termination of any provisions of, constitute
a default under, accelerate any obligations arising under, trigger any payment under, or otherwise adversely affect, any material
contract to which the Purchaser is a party, which, as to each of (a) through (d), would materially and adversely affect the Purchaser’s
ability to consummate the transactions contemplated herein or to perform its obligations under the Transaction Documents to which
the Purchaser is a party. All requisite corporate action has been taken by the Purchaser authorizing and approving the execution
and delivery by the Purchaser of the Transaction Documents to which the Purchaser is or will be a party, the performance by the
Purchaser of its duties and obligations thereunder, and the taking of all other acts necessary and appropriate for the consummation
of the transactions contemplated thereby.

 

4.3Brokers.
The Purchaser has not incurred any obligation or liability to any Person for any brokerage fees, agent’s commissions, or
finder’s fees in connection with the execution or delivery of the Transaction Documents or the transactions contemplated
hereby.

 

4.4Purchase
for Own Account. The Purchaser represents that it is acquiring the Assets solely for its own account and beneficial interest
for investment and not for sale or with a view to distribution of the Assets or any part thereof, has no present intention of selling
(in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the same, and does not
presently have reason to anticipate a change in such intention.

 

4.5Ability to
Bear Economic Risk. The Purchaser acknowledges that investment in the Assets involves a high degree of risk, and represents
that it is able, without materially impairing its financial condition, to hold the Assets for an indefinite period of time and
to suffer a complete loss of its investment.

 

4.6Further Limitations
on Disposition. The Purchaser further acknowledges that the Assets are restricted securities under Rule 144 of the Act (as
defined below), and, therefore, when transferred to the Purchaser will contain a restrictive legend substantially similar to the
following:

 

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THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY
TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

Without in any way
limiting the representations set forth above, the Purchaser further agrees not to make any disposition of all or any portion of
the Assets unless and until:

 

(i)There
is then in effect a Registration Statement under the Act covering such proposed disposition and such disposition is made in accordance
with such Registration Statement; or

 

(ii)The
Purchaser shall have notified HepatoChem, Inc. of the proposed disposition and shall have furnished HepatoChem, Inc. with a detailed
statement of the circumstances surrounding the proposed disposition, and if reasonably requested by HepatoChem, Inc., the Purchaser
shall have furnished HepatoChem, Inc. with an opinion of counsel, reasonably satisfactory to HepatoChem, Inc., that such disposition
will not require registration under the Act or any applicable state securities laws.

 

Notwithstanding the
provisions of subparagraphs (i) and (ii) above, no such registration statement or opinion of counsel shall be necessary for a transfer
by the Purchaser to a partner (or retired partner) of the Purchaser, or transfers by gift, will or intestate succession to any
spouse or lineal descendants or ancestors, if all transferees agree in writing to be subject to the terms hereof (including the
Registration Rights Agreement) to the same extent as if they were the Seller hereunder.

 

V.Consents

 

The Seller will
use its reasonable best efforts to obtain or cause to be obtained any consents required in connection with the transactions contemplated
by any of the Transaction Documents that are requested by the Purchaser and that have not been previously obtained prior to or
at the Closing. Notwithstanding anything to the contrary set forth herein, this Agreement shall not constitute an assignment or
attempt to assign or transfer any interest in any contract or permit otherwise included in the Assets, or any claim, right or benefit
arising thereunder or resulting therefrom, if such assignment or transfer is without the consent of a third party and would constitute
a breach or violation thereof or adversely affect the rights of the Purchaser or the Assets. Until all such consents are obtained,
the Seller shall cooperate in any arrangement reasonably satisfactory to the Purchaser designed to fulfill the Seller’s obligations
thereunder and to afford the Purchaser the continued full benefits thereof.

 

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VI.Covenants

 

6.1Further
Assurances. From time to time (including after the Closing), the Parties will execute and deliver such other documents, certificates,
agreements, and other writings and take such other actions as may reasonably be necessary or requested by another Party in order
to consummate, evidence or implement expeditiously the transactions contemplated by this Agreement.

 

6.2Fulfillment
of Conditions. The Parties hereto agree to take and to cause to be taken in good faith commercially reasonable efforts to fulfill,
as soon as reasonably practicable, the conditions to Closing.

 

6.3Certain
Filings. The Parties hereto shall cooperate with one another in determining whether any action by or in respect of, or filing
with, any governmental authority is required, or any action, consent, approval, or waiver from any party to any contract is required,
in connection with the consummation of the transactions contemplated by this Agreement. Subject to the terms and conditions of
this Agreement, in taking such actions or making any such filings, the Parties hereto shall furnish information reasonably required
in connection therewith and timely seek to obtain any such actions, consents, approvals, or waivers.

 

VII.Survival
of Representations, Warranties, and Covenants.

 

Section 7.1Survival of Representations,
Warranties, and Covenants.

 

(a)               
Except as otherwise provided in this Section 7.1, all representations and warranties contained herein, and the right to
assert claims in respect of any breach thereof, shall survive the Closing and any investigation heretofore or hereafter conducted
by or on behalf of the Party entitled to benefit thereof, and shall expire on the third (3rd) anniversary of the Closing Date.

 

(b)              
Notwithstanding anything to the contrary herein, the survival period in respect of any representation or warranty in this
Agreement, or any related claim, shall be extended automatically to include any time period necessary to resolve a claim which
was asserted but not resolved before expiration of such survival period. Liability for any such item shall continue until such
claim shall have been finally settled, decided, or adjudicated.

 

(c)               
Notwithstanding anything herein to the contrary, all covenants, agreements and obligations contained herein shall survive
the Closing and not expire unless otherwise specifically provided in this Agreement.

 

Section
7.2No Other Representations; Express Negligence.

 

(a)               
THE REPRESENTATIONS AND WARRANTIES OF THE SELLER AND PURCHASER CONTAINED IN THIS AGREEMENT AND THE OTHER TRANSACTION DOCUMENTS
CONSTITUTE THE SOLE AND EXCLUSIVE REPRESENTATIONS AND WARRANTIES OF SUCH PARTIES, RESPECTIVELY, IN CONNECTION WITH THE TRANSACTIONS
CONTEMPLATED HEREBY. EXCEPT FOR SUCH REPRESENTATIONS AND WARRANTIES (IN EACH CASE, AS MODIFIED BY THE SCHEDULES), NONE OF SELLER,
PURCHASER OR ANY OTHER PERSON MAKES ANY OTHER EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY WITH RESPECT TO SUCH PARTIES OR THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AND EACH PARTY DISCLAIMS ANY OTHER REPRESENTATIONS OR WARRANTIES, WHETHER MADE BY
SUCH PARTIES OR ANY OF THEIR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR REPRESENTATIVES. PURCHASER ACKNOWLEDGES AND AGREES THAT
IT HAS NOT RELIED ON ANY REPRESENTATIONS AND WARRANTIES OTHER THAN THE EXPRESS REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS
AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IN MAKING ITS INVESTMENT DECISION WITH RESPECT TO THE ASSETS.

 

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VIII.Miscellaneous

 

8.1 Assignment.
Neither this Agreement nor any interest hereunder will be assignable in part or in whole by either Party without the prior written
consent of the non-assigning Party, which consent will not be unreasonably withheld, conditioned, or delayed.

 

8.2
Governing Law and Venue. This Agreement is executed pursuant to and shall be interpreted and governed for
all purposes under the laws of the State of Texas. Any cause of action brought to enforce any provision of this Agreement shall
be brought in the appropriate court in Fort Bend County, Texas. If any provision of this Agreement is declared void, such provision
shall be deemed severed from this Agreement, which shall otherwise remain in full force and effect. This Agreement shall supersede
any previous agreements, written or oral, expressed or implied, between the parties relating to the subject matter hereof.

 

8.3 Dispute Resolution.
In the event of any controversy, dispute, or claim arising out of or related to this Agreement or the breach thereof, the Purchaser
and the Seller agree to meet and confer in good faith to attempt to resolve the controversy, dispute, or claim without an adversary
proceeding. If the controversy, dispute, or claim is not resolved to the mutual satisfaction of the Purchaser and the Seller within
ten (10) business days of notice of the controversy, dispute, or claim, the Purchaser and the Seller agree to waive their rights,
if any, to a jury trial, and to submit the controversy, dispute, or claim to a retired judge or justice for binding arbitration
in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The Purchaser and the Seller agree
that the only proper venue for the submission of claims shall be the Fort Bend County, Texas. Judgment on the award rendered by
the arbitrator(s) may be entered in any court having jurisdiction thereof. Any dispute resolution proceedings contemplated by this
provision shall be as confidential and private as permitted by law.

 

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8.4Notices.
Any notice, request, demand, or other communication given pursuant to the terms of this Agreement shall
be deemed given upon delivery, and may only be delivered or sent via hand delivery, facsimile, or by overnight courier, correctly
addressed to the addresses of the parties indicated below or at such other address as such Party shall in writing have advised
the other Party.

 

	If to the Seller:	
        James F. Groelinger

        Chief Executive Officer

        InterCore Energy, Inc.

        1 International Boulevard, Suite 400

        Mahwah, NJ 07495

        E-mail: jgroelinger@hbcapital.com

        Fax: (518) 252-3917

        

	 	 
	With a copy to:	
        Craig V. Butler, Esq.

        Law Offices of Craig V. Butler

        9900 Research Drive

        Irvine, CA 92628

        Facsimile: (949) 209-2545

        

	 	 
	If to the Purchaser:	
        Harry Pond

        Managing Partner

        Rockland Group LLC

        706 Hillcrest Dr.

        Richmond, TX 77469

        E-mail: rockhpond@gmail.com

        Fax: 281-242-0080

        Fax: ____________________

        

	 	 

 

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8.5Amendment. No
amendment, modification, or supplement of any provision of this Agreement will be valid or effective unless made in writing and
signed by a duly authorized officer of each Party.

 

8.6 Waiver.
No provision of this Agreement will be waived by any act, omission, or knowledge of a Party or its agents or employees except by
an instrument in writing expressly waiving such provision and signed by a duly authorized officer of the waiving Party.

 

8.7 Severability.
Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under the applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be
in effective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

8.8 Attorneys’
Fees. In the event that any suit, arbitration, legal action, proceeding, or dispute between the Parties arises in connection
with this Agreement, the prevailing Party shall be entitled to recover all expenses, costs, and fees, including reasonable attorney’s
fees, actually incurred in association with such action.

 

8.9 Entire Agreement.
This Agreement, including all exhibits, is the complete, final, and exclusive understanding and agreement of the Parties and cancels
and supersedes any and all prior negotiations, correspondence, and agreements, whether oral or written, between the Parties respecting
the subject matter of this Agreement.

 

[remainder of page intentionally left blank;
signature page to follow]

 

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

 

	“Seller”	 	“Purchaser”	 
	 	 	 	 
	InterCore Energy, Inc.	 	Rockland Group, LLC	 
	a Delaware corporation	 	a Texas limited liability company	 
	 	 	 	 
	 	 	 	 
	  /s/ James F. Groelinger	 	  /s/ Harry Pond	 
	By:   James F. Groelinger	 	By:    Harry Pond	 
	Its:   Chief Executive Officer	 	Its:    Managing Partner	 
	.	 	 	 
	 	 	 	 

 

 

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Exhibit A

 

Assets

 

The Assets are defined 21,000 shares of
Series A Convertible Preferred Stock of HepatoChem, Inc., a Delaware corporation

 

    	A-1

    	 

    
 

 

 

Exhibit B

 

Form of Debt Forgiveness

 

    	A-2

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