Document:

Unassociated Document

    SHAREHOLDERS’
      AGREEMENT

     

    THIS
      SHAREHOLDERS’ AGREEMENT DATED THE 15th DAY OF August, 2005

     

    AMONG:

     

    1462869
      ONTARIO INC., a corporation incorporated pursuant to the laws of the Province
      of
      Ontario;

     

    -
      and
      -

     

    FAWARD
      Consulting Corp., a corporation incorporated pursuant to the laws of the State
      of Florida;

     

    -
      and
      -

     

    SDS-SONSITAR
      DATA SERVICES INC., a corporation incorporated pursuant to the laws of the
      Province of Ontario;

     

    -
      and
      -

     

    David
      Clayden of Collier County, Florida, the United States of America;

     

    -
      and
      -

     

    eRoomsystem
      Technologies Inc., a publicly traded corporation incorporated pursuant to the
      laws of the State of Nevada and trading in the United States on the
      Over-the-Counter Bulletin Board (the “OTCBB”) under the symbol
      ERMS.OB;

     

    -
      and
      -

     

    Margreat
      Inc., a
      corporation incorporated pursuant to the laws of the Province of
      Ontario;

     

    -
      and
      -

     

    ASSIF
      S.A., a corporation incorporated pursuant to the laws of the Republic of the
      Marshall Islands;

     

    -
      and
      -

     

    Ruth
      Gillian Dohany of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Judith
      Greenwood of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Rachelle
      Heller of the City of Toronto, Ontario, Canada;

    
      	
              IDENTICA
                SHAREHOLDERS’ AGREEMENT

            	
              Page
                1
                of 9

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    -
      and
      -

     

    Jay
      Smith
      of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Evelyn
      Jacobs of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    David
      Heller of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Frieda
      Wolman of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Philip
      Reichmann of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Evelyn
      Gestetner of the City of Toronto, Ontario, Canada;

     

    -
      and
      -

     

    Identica
      Corp. a corporation incorporated pursuant to the laws of the Province of Ontario
      (the “Corporation”).

    

    WHEREAS
      the Parties have entered into this Agreement to define their rights as
      Shareholders of the Corporation;

     

    NOW
      THEREFORE in consideration of the mutual covenants herein contained, the parties
      hereto agree with each other as follows:

     

    DEFINITIONS

     

    
      	
              1.

            	
              In
                this Agreement, unless the context otherwise
                requires:

            

    

     

    
      	 	
              a)

            	
              “Agreement”
                shall mean this Agreement and all instruments supplemental hereto
                or in
                amendment or confirmation hereof;

            

    

     

    
      	 	
              b)

            	
              “Corporation”
                shall mean Identica Corp., a corporation incorporated under the laws
                of
                the Province of Ontario;

            

    

     

    
      	 	
              c)

            	
              “Common
                Shares” shall mean the common Shares in the capital of the
                Corporation;

            

    

     

    
      	 	
              d)

            	
              “Parties”
                shall mean collectively the parties to this Agreement and “Party” shall
                mean any one of them;

            

    

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page 2
                  of 9

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              e)

            	
              “Shareholders”
                shall mean collectively the Parties to this Agreement who are at
                the
                relevant time holders of Shares in the capital of the Corporation
                and
                “Shareholder” shall mean each of such parties
                individually;

            

    

     

    
      	 	
              f)

            	
              “Shares”
                shall mean the Common Shares in the capital of the Corporation, as
                the
                context may require.

            

    

     

    SHAREHOLDERS
      OF THE CORPORATION

     

    
      	
              2.

            	
              The
                Parties hereto acknowledge and confirm that at the date hereof the
                only
                issued and outstanding Shares of the Corporation are 15,666,666 Common
                Shares all of which are fully paid and non-assessable and owned of
                record
                at the date hereof as follows:

            

    

     

    

    
      	 	
              Shareholder

            	 	
              No.
                of Common Shares

            
	 	
              1. 1462869
                Ontario Inc.

            	 	
              3,000,000

            
	 	
              2. Faward
                Consulting Corp.

            	 	
              1,500,000

            
	 	
              3. SDS-Sonsitar
                Data Services Inc..

            	 	
              1,500,000

            
	 	
              4. David
                Clayden

            	 	
              4,000,000

            
	 	
              “Founding
                Shareholders” Above As a Group

            	 	
              10,000,000

            
	 	 	 	 
	 	
              5. eRoomsystem
                Technologies Inc.

            	 	
              1,666,666

            
	 	
              6. Margreat
                Inc.

            	 	
              166,667

            
	 	
              7. Ruth
                Gillian Dohany

            	 	
              166,667

            
	 	
              8. Judith
                Greenwood

            	 	
              166,667

            
	 	
              9. Rachelle
                Heller

            	 	
              333,333

            
	 	
              10. ASSIF
                S.A.

            	 	
              166,667

            
	 	
              11. Jay
                Smith

            	 	
              666,667

            
	 	
              12. Evelyn
                Jacobs

            	 	
              100,000

            
	 	
              13. David
                Heller

            	 	
              333,333

            
	 	
              14. Frieda
                Wolman

            	 	
              666,667

            
	 	
              15. Philip
                Reichmann ???

            	 	
              666,666

            
	 	
              16. Evelyn
                Gestetner

            	 	
              566,666

            
	 	
              Total
                of the “Non-Founding Shareholders”

            	 	
              5,666,666

            

    

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page 3
                  of 9

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    DEALING
      IN SHARES OF THE CORPORATION

     

    
      	
              3.

            	
              The
                Parties hereto acknowledge and confirm that this Section 3. will
                govern
                the dealing in the Shares of the
                Corporation.

            

    

     

    
      	 	
              a)

            	
              The
                Founding Shareholders listed above (being the owners of ten million
                (10,000,000) Shares being one hundred percent (100%) of the outstanding
                Shares of the Corporation prior to the purchase of Shares by the
                Non-Founding Shareholders), shall be restricted from selling their
                Shares
                for a period of twelve (12) months from the commencement of quotation
                of
                the Shares of the Corporation on the OTCBB; provided, however, such
                Founding Shareholders shall be permitted to sell the Shares at any
                time
                after the six-month anniversary date of the commencement of trading
                of
                Shares on the OTCBB, provided that such Shares of the Founding
                Shareholders can only be sold during such period as follows: Each
                such
                Founding Shareholder shall not sell more than five (5) percent of
                its own
                respective holdings in any given five (5) day period, provided that
                such
                percentage does not exceed the average trading volume of the Shares
                for
                the previous five (5) day period, multiplied by a fraction the numerator
                of which is the number of Shares held by such Founding Shareholder
                and the
                denominator is 16,666,666. Notwithstanding the foregoing, this right
                to
                sell Shares by the Founding Shareholders shall only apply if the
                Non-Founding Shareholders could have sold their Shares pursuant to
                the
                formula provided herein in 3.b)
                below.

            

    

     

    
      	 	
              b)

            	
              The
                Non-Founding Shareholders shall be restricted from selling their
                Shares
                (i) for a period of six (6) months from the commencement of quotation
                of
                its Shares on the OTCBB; however, during such six month period the
                Non-Founding Shareholders shall be permitted to sell Shares of common
                stock in accordance with the following formula: Each such Non-Founding
                Shareholder shall not sell more than five (5) percent of its own
                respective holdings in any given five (5) day period, provided that
                such
                percentage does not exceed the average trading volume of the stock
                for the
                previous five (5) day period, multiplied by a fraction the numerator
                of
                which is the number of Shares held by such Non-Founding Shareholder
                and
                the denominator of which is 16,666,666.

            

    

     

    
      	
            	c)	
              The
                foregoing are in addition to any further restrictions under applicable
                securities law.

            

    

     

    EROOMSYSTEM
      TECHNOLOGIES, INC. LOAN AND WARRANT

     

    
      	
              4.

            	
              In
                addition to the purchase of 1,666,666 Shares purchased by eRoomsystem
                Technologies, Inc. (“eRoom”) pursuant to a subscription agreement, eRoom
                has provided the following to the
                Corporation:

            

    

     

    
      	 	
              a)

            	
              A
                secured loan to the Corporation in the original principal amount
                of ONE
                HUNDRED FIFTY THOUSAND ($150,000) US DOLLARS (the “Loan”). The Loan has
                been evidenced by a promissory note with a term of twenty-five (25)
                months, and is interest free for the twenty-four (24) months from
                the date
                of funding (the “Term”), after which time the loan shall incur simple
                interest at the rate of ten percent (10%) per annum (the “Note”). The Note
                is secured by all of the assets of The Corporation and shall rank
                senior,
                at all times, to any other security interest in any of the assets
                of the
                Corporation. However, the holder of the Note shall subordinate its
                position to any other asset-based lenders of the Corporation. The
                Note may
                be prepaid without penalty or premium prior to the Term at any
                time.

            

    

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page
                  4
                  of 9

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              b)

            	
              In
                consideration of the Note, the Corporation has issued to eRoom a
                warrant
                (the “eRoom Warrant”) to purchase 1,000,000 Shares which, calculated on a
                fully diluted basis, is equal to six percent (6%) of the issued and
                outstanding capital stock of the Corporation. The eRoom Warrant shall
                be
                exercisable at a price of US$0.15 per
                share.

            

    

     

    
      	 	
              c)

            	
              eRoom
                shall have the right to exercise the Warrant at any time from the
                date of
                issuance of the Note through the close of business on the fifth
                anniversary date of its issuance, in whole or in part, at the sole
                election of eRoom. eRoom can exercise the Warrant by tendering the
                Note
                (or part thereof for a partial exercise of the Warrant) in payment
                of the
                exercise price.

            

    

     

    
      	 	
              d)

            	
              All
                of the Shares underlying the Warrant (the “Warrant Shares”) shall be
                included in the registration statement to be filed by the Corporation
                with
                the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the
                Securities Act of 1933, as amended.

            

    

     

    
      	 	
              e)

            	
              When
                eRoom exercises the Warrant, then eRoom shall be permitted to sell
                Shares
                during the restricted period in accordance with the formula provided
                in
                Section 3.b) above.

            

    

     

    REGISTRATION
      STATEMENT

     

    
      	
              5.

            	
              Upon
                the issuance of share certificates representing the Shares purchased
                by
                Non-Founding Shareholders then, within sixty days, the Corporation
                shall
                file a registration statement with the U.S. Securities and Exchange
                Commission (the “SEC”) pursuant to the Securities Act of 1933, as amended,
                to register the re-sale of all the Shares.

            

    

     

    MISCELLANEOUS

     

    
      	
              6.

            	
              The
                following represents additional terms of this
                Agreement:

            

    

    
      	 	
              a)

            	
              The
                Founding Shareholders shall restrict their compensation to the amounts
                attached hereto in Schedule “A” for a period of three (3) years; provided
                however, such schedule shall be increased to twenty percent (20%)
                of the
                Corporation’s earnings before interest, taxes, depreciation and
                amortization (“EBITDA”), such additional amounts to be calculated annually
                based upon the audited financial statements of the Corporation.
                

            

    

     

    
      	 	
              b)

            	
              This
                Agreement is governed by the substantive laws of the Province of
                Ontario
                without regard to conflict of law principles. This Agreement constitutes
                the entire understanding and agreement among the parties hereto and
                their
                affiliates with respect to its subject matter and supersedes all
                prior or
                contemporaneous agreements, representations, warranties and understandings
                of such parties (whether oral or written), No promise, inducement,
                representation or agreement, other than as expressly set forth herein,
                has
                been made to or by the parties hereto. This Agreement may be amended
                only
                by written agreement, signed by the parties to be bound by the amendment.
                Evidence shall be inadmissible to show agreement by and among such
                parties
                to any term or condition contrary to or in addition to the terms
                and
                conditions contained in this Agreement. This Agreement shall be construed
                according to its fair meaning and not strictly for or against any
                party.

            

    

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page
                  5
                  of 9

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      each of
      the parties hereto has caused this Agreement to be executed in counterpart
      by
      its duly authorized representative as of the date first set forth
      above.

     

    IDENTICA
      CORP.

     

    
      	
              By:
                

            	
              /s/
                Terry Wheeler

            	 
	 	 	 
	
              Name:
                

            	
              Terry
                Wheeler

            	 
	 	 	 
	
              Its:
                

            	
              President

            	 
	 	 	 
	
              Name:
                

            	
              /s/
                Francine Foster

            	 
	 	 	 
	
              Its:
                

            	
              Secretary

            	 

    

     

    eROOMSYSTEM
      TECHNOLOGIES, INC. 

     

    
      	
              By:
                

            	
              
                /s/
                  David Gestetner

              

            	 
	 	 	 
	
              Name:
                

            	
              David
                Gestetner

            	 
	 	 	 
	
              Its:
                

            	
               

            	 

    

     

    1462869
      ONTARIO INC.

     

    
      	
              By:
                

            	
              
                /s/
                  Terry Wheeler

              

            	 
	 	 	 
	
              Name:
                

            	
              
                Terry
                  Wheeler

              

            	 
	 	 	 
	
              Its:
                

            	
              CEO

            	 

    

     

    FAWARD
      CONSULTING CORP.

     

    
      	
              By:
                

            	
              /s/
                Edward Foster

            	 
	 	 	 
	
              Name:
                

            	
              Edward
                Foster

            	 
	 	 	 
	
              Its:
                

            	
              CEO

            	 

    

     

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page 6
                  of 9

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SDS-SONSITAR
      DATA SERVICES INC.

     

    
      	
              By:
                

            	
              /s/
                Sid Tarek

            	 
	 	 	 
	
              Name:
                

            	
              Sid
                Tarek

            	 
	 	 	 
	
              Its:
                

            	
              President

            	 

    

     

    DAVID
      CLAYDEN 

     

    
      	
              By:
                

            	
              /s/
                David Clayden

            	 

    

     

    MARGREAT
      INC. 

     

    
      	
              By:
                

            	
              /s/
                Shelly Fenton

            	 
	 	 	 
	
              Name:
                

            	
              Shelly
                Fenton

            	 
	 	 	 
	
              Its:
                

            	
              President

            	 

    

     

    ASSIF
      S.A.

     

    
      	
              By:
                

            	
              /s/
                Shelly Saltsman

            	 
	 	 	 
	
              Name:
                

            	
              Shelly
                Saltsman

            	 
	 	 	 
	
              Its:
                

            	
              Partner

            	 

    

     

    RUTH
      GILLIAN DOHANY 

     

    
      	
              By:
                

            	
              /s/
                Ruth Gillian Dohany

            	 

    

     

    JUDITH
      GREENWOOD

     

    
      	
              By:
                

            	
              /s/
                Judith Greenwood

            	 

    

     

    RACHELLE
      HELLER

     

    
      	
              By:
                

            	
              /s/
                Rachelle Heller

            	 

    

     

    JAY
      SMITH

     

    
      	
              By:
                

            	
              /s/
                Jay Smith

            	 

    

     

    
      	
              IDENTICA
                SHAREHOLDERS’ AGREEMENT

            	
              Page 7
                of 9

            

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    EVELYN
      JACOBS

     

    
      	
              By:
                

            	
              /s/
                Evelyn Jacobs

            	 

    

     

    DAVID
      HELLER

     

    
      	
              By:
                

            	
              /s/
                David Heller

            	 

    

     

    FRIEDA
      WOLMAN 

     

    
      	
              By:
                

            	
              /s/
                Frieda Wolman

            	 

    

     

    PHILIP
      REICHMANN 

     

    
      	
              By:
                

            	
              /s/
                Philip Reichmann

            	 

    

     

    EVELYN
      GESTETNER

     

    
      	
              By:
                

            	
              /s/
                Evelyn Gestetner

            	 

    

     

    
      	
              IDENTICA
                SHAREHOLDERS’ AGREEMENT

            	
              Page 8
                of 9

            

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    SCHEDULE
      “A”

     

    Founding
      Shareholders’ Compensation

     

    The
      Founding Shareholders (through their respective holding companies)
      are:

    
       

      
        	 	
                §

              	
                Mr.
                  Terry Wheeler, of 1462869 Ontario
                  Inc.;

              

      

       

      
        	 	
                §

              	
                Mr.
                  David Clayden, of David Clayden
                  Consulting;

              

      

       

      
        	 	
                §

              	
                Mr.
                  Sid Tarek, of SDS-Sonsitar Data Services Inc.;
                  and,

              

      

       

      
        	 	
                §

              	
                Mr.
                  Edward Foster, of Faward Consulting
                  Corp.

              

      

    

     

    The
      Regular Compensation (not including: bonus as described in Section 6.a) herein;
      benefits; and reimbursable business expenses) for the four (4) Founding
      Shareholders named above shall not exceed an aggregate of four hundred thousand
      ($400,000) US dollars per year for the three years following May 1,
      2005.

     

    

      
        	
                IDENTICA
                  SHAREHOLDERS’ AGREEMENT

              	
                Page 9
                  of 9Unassociated Document

    

      FORM
        OF SHARE EXCHANGE AGREEMENT

      

      SHARE
        EXCHANGE AGREEMENT (this “Agreement”) dated as of November 10th, 2005, by and
        among Identica Holdings Corporation, a Nevada corporation (the “Holding
        Company”), Identica Corp., a Canadian corporation (“Identica”), and the
        stockholders of Identica set forth in
        Exhibit A
        hereto
        (collectively, the “Stockholders”).

      

      R
        E C I
        TA L S 

      

      A. Holding
        Company was formed by Identica on November 10th, 2005 as a Nevada corporation
        for the purpose of entering into this Agreement, and its Board of Directors
        of
        Identica is comprised of the same individuals serving on Identica’s Board of
        Directors. As of the date of this Agreement, Holding Company has not issued
        any
        shares of its capital stock, owns no assets, and has not conducted any
        business.

      

      B.
         The
        parties hereto desire to enter into this Agreement so that the stockholders
        of
        Identica shall become the stockholders of Holding Company and Identica shall
        become a wholly owned subsidiary of Holding Company.

      

      C.
         Pursuant
        to the terms and conditions of this Agreement, the Stockholders, who in the
        aggregate own all of the outstanding and issued shares of Identica’s capital
        stock (the “Identica Shares”), shall exchange the Identica Shares for newly
        issued shares of common stock of Holding Company in accordance with an exchange
        ratio of 1:1, so that each issued and outstanding Identica Share shall be
        converted into one (1) share of common stock of Holding Company. 

      

      NOW,
        THEREFORE, in consideration of the covenants, promises and representations
        set
        forth herein, and for other good and valuable consideration, the receipt
        and
        sufficiency of which is hereby acknowledged, and intending to be legally
        bound
        hereby, the parties agree as follows: 

      

      ARTICLE
        I

      DEFINITIONS

      

      1.1
         Certain
        Definitions.
        As used
        in this Agreement and the schedules hereto, the following terms have the
        respective meanings set forth below:

      

      (a)
         “Claims”
        means any and all claims, demands or causes of action, relating to or resulting
        from such Person being a stockholder of Identica. 

      

      (b) “Closing”
        has the meaning given to such term in Section 3.1. 

      

      (c)
         “Contract”
        means any contract, agreement, indenture, deed of trust, license, note, bond,
        mortgage, lease, guarantee and any similar understanding or arrangement,
        whether
        written or oral. 

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      (d)
         “Encumbrances”
        means security interests, liens, Claims, charges, title defects, deficiencies
        or
        exceptions (including, with respect to real property, defects, deficiencies
        or
        exceptions in, or relating to, marketability of title, or leases, subleases
        or
        the like affecting title), mortgages, pledges, easements, encroachments,
        restrictions on use, rights of-way, rights of first refusal, conditional
        sales
        or other title retention agreements, covenants, conditions or other similar
        restrictions (including restrictions on transfer) or other encumbrances of
        any
        nature whatsoever. 

      

      (e) “Exchange
        Shares” has the meaning given to such term in Section 2.1.

      

      (f)
         “Identica
        Shares” has the meaning given to such terms in the Recitals. 

      

      (g)
         “Person”
        means an individual, partnership, corporation, limited liability company,
        joint
        stock company, unincorporated organization or association, trust, joint venture
        or governmental authority. 

      

      (h)
         “Securities
        Act” means the Securities Act of 1933, as amended.

      

      1.2
         References
        and Title.
        All
        references in this Agreement to articles, sections, subsections and other
        subdivisions refer to the articles, sections, subsections and other subdivisions
        of this Agreement unless expressly provided otherwise. Titles appearing at
        the
        beginning of any section or subdivision are for convenience only and do not
        constitute any part of such subdivisions and shall be disregarded in construing
        the language contained in such subdivisions. The words “this Agreement,” “this
        instrument,” “herein,” “hereof,” “hereby,” “hereunder” and words of similar
        import refer to this Agreement as a whole and not to any particular subdivision
        unless expressly so limited. The phrases “this Section” and “this subsection”
and similar phrases refer only to the sections or subsections hereof in which
        such phrases occur. Pronouns in masculine, feminine and neuter genders shall
        be
        construed to include any other gender, and words in the singular form shall
        be
        construed to include the plural and vice versa, unless the context otherwise
        requires.

      

      ARTICLE
        II

      SHARE
        EXCHANGE

      

      2.1
         Share
        Exchange.
        Subject
        to the terms and conditions stated herein, at the Closing:

      

      (a)
         each
        Stockholder shall assign, transfer, convey, and deliver to Holding Company
        all
        Identica Shares held by such Stockholder and any and all rights in such shares
        to which such Stockholder is entitled, and by doing so will be deemed to
        have
        assigned all of such Stockholder’s respective right, title and interest in and
        to all such Identica Shares to Holding Company; and 

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      (b)
         in
        exchange for each Identica Share assigned by such Stockholder to Holding
        Company, Holding Company shall issue to such Stockholder, and such Stockholder
        shall accept and acquire from Holding Company, one (1) newly issued share
        of the
        common stock of Holding Company (the “Exchange Shares”).

      

      ARTICLE
        III

      CLOSING

      

      3.1
         Date
        and Location of the Closing.
        The
        closing (the "Closing") of the transactions contemplated hereunder shall
        take
        place at the offices of Identica simultaneously with the execution of this
        Agreement by all the parties hereto, or at such other time and place as is
        mutually agreed upon in writing.

      

      3.2 Deliveries.
        At the
        Closing, 

      

      (a)
        Identica and the Stockholders shall deliver to Holding Company the following:
        

      

      (i)
        stock
        certificates evidencing all the Identica Shares, duly endorsed in blank or
        accompanied by stock powers duly executed in blank, signature medallion
        guaranteed, in proper form for transfer to Holding Company; 

      

      (ii)
        any
        documentary evidence of the due recordation in Identica’s share register of
        Holding Company’s full and unrestricted title to all of the Identica Shares;
        and

      

      (iii)
        such other documents as may be required under applicable law or reasonably
        requested by Holding Company.

      

      (b)
        Holding Company shall deliver to each of the Stockholders: 

      

      (i)
        certificates evidencing the Exchange Shares to which each respective Stockholder
        is entitled to receive hereunder; and

      

      (ii)
        such
        other documents as may be required under applicable law or reasonably requested
        by a Stockholder.

      

      (c)
        The
        Exchange Shares issued upon the surrender for exchange of the Identica Shares
        in
        accordance with the terms hereof shall be deemed to have been issued in full
        satisfaction of all rights of the Stockholders pertaining to such Shares.
        Accordingly, at the Closing the Stockholders shall have no rights in
        Identica.

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      3.3  Wholly-Owned
        Subsidiary.
        At and
        after the Closing, the share exchange contemplated hereby will have the effects
        set forth in this Agreement, and Identica shall become a wholly-owned subsidiary
        of Holding Company.

      

      3.4  
        Restrictive Legends.
        Certificates evidencing the Exchange Shares pursuant to this Agreement may
        bear
        the following legend, including without limitation, any legend required by
        the
        laws of the jurisdiction in which the Stockholders reside, and any legend
        required by any applicable law, including without limitation, any legend
        that
        will be useful to aid compliance with Regulation D or other regulations adopted
        by the Securities and Exchange Commission under the Securities Act:

      

      “THESE
        SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
        IN THE
        ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES
        UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
        SUCH
        REGISTRATION IS NOT REQUIRED OR UNLESS TRANSFERRED PURSUANT TO ANY VALID
        EXEMPTION FROM REGISTRATION AVAILABLE UNDER SUCH ACT.”

      

      ARTICLE
        IV

      REPRESENTATIONS
        AND WARRANTIES OF THE STOCKHOLDERS

      

      As
        an
        inducement to Holding Company to enter into this Agreement and to consummate
        the
        transactions contemplated herein, each Stockholder represents and warrants
        to
        Holding Company as follows:

      

      4.1
         Authority.
        The
        Stockholder has the right, power, authority and capacity to execute and deliver
        this Agreement to which it is or will become a party, to consummate the Exchange
        and the other transactions contemplated hereby and thereby and to perform
        its
        respective obligations under this Agreement to which it is or will become
        a
        party. Any of the Stockholders that is an entity has all requisite corporate
        power and authority to enter into and deliver this Agreement and to consummate
        the transactions contemplated hereby. This Agreement has been duly authorized,
        executed and delivered by each Stockholder and is enforceable against such
        Stockholder in accordance with the terms hereof. Each Stockholder has all
        authorizations and consents necessary for the execution and delivery of this
        Agreement, and for the performance of its obligations hereunder. This Agreement
        constitutes the legal, valid and binding obligations of the Stockholders,
        enforceable against it in accordance with the terms hereof.

      

      4.2 Ownership.
        Each
        Stockholder has, and at the Closing will have, (i) good and marketable title
        to
        such Stockholder’s respective Identica Shares, free and clear of all
        Encumbrances, other than any restrictions under the Securities Act and
        applicable state securities laws and (ii) full legal right and power to sell,
        transfer and deliver such Identica Shares to Holding Company in accordance
        with
        this Agreement. The Identica Shares are the only equity securities of Identica
        held by each Stockholder. Upon delivery of the Identica Shares to be exchanged
        to Holding Company in accordance with this Agreement, Holding Company will
        receive good and marketable title to all the Identica Shares, free and clear
        of
        all Encumbrances, other than any restrictions under the Securities Act and
        applicable state securities laws.

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      4.3
         No
        Conflict.
        None
        of
        the execution, delivery or performance of this Agreement to which any of
        the
        Stockholders is or will become a party, and the consummation of the transactions
        contemplated hereunder by such Stockholder conflicts or will conflict with
        or
        results or will result in any breach or violation of any of the terms or
        provisions of, or constitute a default under, or result in the creation or
        imposition of any Encumbrance upon, any of its properties or assets pursuant
        to
        (i) the terms of any Contract to which he is a party or by which he is bound
        or
        to which any of its properties is subject, which conflict, breach, violation
        or
        default would adversely affect the Stockholder's ability to perform its
        obligations hereunder, other than the Shareholders’ Agreement dated August 15,
        2005 (the “Shareholders’ Agreement”); (ii) any statute, rule or regulation of
        any governmental authority having jurisdiction over him or any of his activities
        or properties; or (iii) the terms of any order of any arbitrator or any
        governmental authority having such jurisdiction.

      

      4.4
         No
        Consent.
        No
        consent, approval, authorization or order of, or any filing or declaration
        with
        any governmental authority or any other Person is required for the consummation
        by any of the Stockholders of any of the transactions on its part contemplated
        under this Agreement, other than the Shareholders’ Agreement which will be
        modified and amended in accordance with this Agreement and the transactions
        contemplated hereby.

      

      4.5
         Investment.
        The
        Stockholders are acquiring the Exchange Shares for investment, for such
        Stockholder’s own account and not with a view to distribution. The Stockholders
        acknowledge that the Exchange Shares delivered pursuant to the Exchange will
        not
        be registered under the Securities Act and may only be transferred if the
        shares
        are eventually registered or if an applicable exemption exists for the transfer
        under securities laws. The Stockholders understand and acknowledge that the
        offering of the Exchange Shares pursuant to this Agreement is made on the
        basis
        of an exemption from registration pursuant to Section 4(2) and/or Section
        3(b)
        of the Securities Act and Regulations S and D thereunder and that Holding
        Company's reliance upon such exemption is predicated upon such Stockholder's
        representations as set forth in this Agreement. The Stockholders acknowledge
        that due to this lack of registration, there may not be a market for the
        Exchange Shares.

      

      4.6
         Experience.
        Each
        of
        the Stockholders represent that: (a) such Stockholder has such knowledge
        and
        experience in financial and business matters as to be capable of evaluating
        the
        merits and risks of his prospective investment in the Exchange Shares; and
        (b)
        such Stockholder has received all the information he has requested from Holding
        Company and considers necessary or appropriate for deciding whether to obtain
        the Exchange Shares.

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      4.7
         Agreements
        Regarding Company Shares.
        There
        are no voting trusts or other Contracts or understandings to which any of
        the
        Stockholders is a party with respect to the transfer, Encumbrance, voting
        or
        registration of any the Identica Shares and there are no Contracts relating
        to
        the issuance, sale or transfer of any equity securities or other securities
        of
        Identica, other than as provided for in the Shareholders’
Agreement.

      

      4.8
         Full
        Disclosure.
        No
        representation or warranty of the Stockholders in this Agreement omits to
        state
        a material fact necessary to make the statements herein, in light of the
        circumstances in which they were made, not misleading. 

      

      ARTICLE
        V

      REPRESENTATIONS
        AND WARRANTIES OF HOLDING COMPANY

      

      As
        an
        inducement to the Stockholders to enter into this Agreement and to consummate
        the transactions contemplated herein, Holding Company represents and warrants
        to
        the Stockholders as follows:

      

      5.1 Organization.
        Holding
        Company is a corporation duly organized, validly existing, and in good standing
        under the laws of the State of Nevada. As of the date of this Agreement,
        Holding
        Company has not issued any shares of its capital stock, owns no assets, and
        has
        not conducted any business operations.

      

      5.2
         Corporate
        Power and Authority.
        Holding
        Company has all requisite corporate power and authority to enter into and
        deliver this Agreement and to consummate the transactions contemplated hereby.
        The execution, delivery, and performance of this Agreement by Holding Company
        and the consummation of the transactions contemplated hereby, have been duly
        authorized by all necessary action and no other corporate action or corporate
        proceeding on the part of Holding Company is necessary to authorize the
        execution, delivery, and performance by Holding Company of this Agreement
        and
        the consummation by Holding Company of the transactions contemplated hereby.
        This Agreement has been duly executed and delivered by Holding Company and
        constitutes the legal, valid and binding obligation of Holding Company,
        enforceable against Holding Company in accordance with its terms.

      

      5.3
         Exchange
        Shares.
        The
        Exchange Shares shall constitute all of the issued and outstanding shares
        of the
        common stock of Holding Company on a fully diluted basis. As of the Closing,
        all
        of the Exchange Shares shall be duly authorized, validly issued, fully paid
        and
        nonassessable, and not issued in violation of any preemptive or similar rights.
        Upon delivery to the Stockholders of the certificates representing the Exchange
        Shares at the Closing, the Stockholders will acquire good and valid title
        to
        such shares, free and clear of any Encumbrances, other than restrictions
        under
        the Securities Act and applicable state securities laws.

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      5.4 Full
        Disclosure.
        No
        representation or warranty of Holding Company in this Agreement omits to
        state a
        material fact necessary to make the statements herein, in light of the
        circumstances in which they were made, not misleading. 

      

      ARTICLE
        VI

      ADDITIONAL
        COVENANTS

      

      6.1
         Further
        Assurances.
        From
        time to time whether before, at or following the Closing, each party shall
        make
        reasonable commercial efforts to take, or cause to be taken, all actions,
        and to
        do, or cause to be done, all things reasonably necessary, proper or advisable,
        including as required by applicable laws, to consummate and make effective
        as
        promptly as practicable the transactions contemplated by this
        Agreement.

      

      6.2 Release
        of Claims By the Stockholders.
        In
        consideration of the Exchange Shares, from and after the Closing each
        Stockholder and its respective shareholders, directors, officers,
        representatives, heirs, executors, successors and assigns (the "Waiving
        Parties"), hereby releases, waives and forever discharges, any and all Claims,
        known or unknown, that the Waiving Party ever had, now has or may have against
        Identica and its officers, directors, employees or agents in connection with
        or
        arising out of any act or omission of Identica or its officers, directors,
        employees, advisers or agents, in such capacity, at or prior to the Closing;
        provided,
        however,
        that
        nothing in this Section shall be deemed a waiver by the Waiving Parties of
        any
        other rights it may have against Identica (i.e., as a debt holder, option
        or
        warrant holder or otherwise) or under this Agreement.

      

      ARTICLE
        VII

      INDEMNIFICATION;
        SURVIVAL

      

      7.1 Indemnification
        by the Stockholders.
        Each
        Stockholder shall indemnify and hold harmless Holding Company and its
        affiliates, officers, directors, stockholders, employees and agents and the
        successors and assigns of all of them (the "Holding Company Indemnified
        Parties"), and shall reimburse the Holding Company Indemnified Parties for,
        any
        loss, liability, claim, damage, expense (including, but not limited to, costs
        of
        investigation and defense and attorneys' fees) (collectively, "Damages"),
        arising from or in connection with (a) any inaccuracy or breach of any of
        the
        representations and warranties of such Stockholder in this Agreement or in
        any
        certificate or document delivered by such Stockholder pursuant to this
        Agreement, or any actions, omissions or statements of fact inconsistent with
        in
        any respect any such representation or warranty, or (b) any failure by such
        Stockholder to perform or comply with any agreement, covenant or obligation
        in
        this Agreement or in any certificate or document delivered by such Stockholder
        pursuant to this Agreement to be performed by or complied with by such
        Stockholder. 

      

      7.2 Indemnification
        by Holding Company.
        Holding
        Company shall indemnify and hold harmless Identica, the Stockholders, and
        their
        affiliates, officers, directors, stockholders, employees and agents and the
        successors and assigns of all of them (the "Identica Indemnified Parties"),
        and
        shall reimburse the Identica Indemnified Parties for, any Damages arising
        from
        or in connection with (a) any inaccuracy or breach of any of the representations
        and warranties of Holding Company in this Agreement or in any certificate
        or
        document delivered by Holding Company pursuant to this Agreement, or any
        actions, omissions or statements of fact inconsistent with in any respect
        any
        such representation or warranty, or (b) any failure by Holding Company to
        perform or comply with any agreement, covenant or obligation in this Agreement
        or in any certificate or document delivered by Holding Company pursuant to
        this
        Agreement to be performed by or complied with by Holding Company.

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      7.3 Survival.
        All
        representations, warranties, covenants and agreements of the parties contained
        herein or in any other certificate or document delivered pursuant hereto
        shall
        survive for three years from the Closing. 

       

      ARTICLE
        XIII

      MISCELLANEOUS

      

      8.1
         Notices.
        All
        notices or other communications required or permitted hereunder shall be
        in
        writing. Any notice, request, demand, claim or other communication hereunder
        shall be deemed duly given (a) if by personal delivery, when so delivered,
        (b)
        if mailed, three (3) business days after having been sent by registered or
        certified mail, return receipt requested, postage prepaid and addressed to
        the
        intended recipient as set forth below, or (c) if sent through an overnight
        delivery service in circumstances to which such service guarantees next day
        delivery, the day following being so sent:

       

      

      
        	 	
                (1)

              	
                If
                  to Holding Company or Identica:

              
	 	 	 	 
	 	 	 	
                _______________________

              
	 	 	 	
                _______________________

              
	 	 	 	
                _______________________

              
	 	 	 	
                Attn:
                  ___________________

              
	 	 	 	 
	 	 	 	
                With
                  a copy to:

              
	 	 	 	 
	 	 	 	
                David
                  Lubin, Esq.

              
	 	 	 	
                David
                  Lubin & Associates

              
	 	 	 	
                92
                  Washington Avenue

              
	 	 	 	
                Cedarhurst,
                  NY 11516

              

      

      

      (2) If
        to a
        Stockholder, to the address of such Stockholder as set forth on Exhibit
        A.

      

      Any
        party
        may change the address to which notices and other communications hereunder
        are
        to be delivered by giving the other parties notice in the manner herein set
        forth.

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      8.2
         Choice
        of Law.
        This
        Agreement shall be governed, construed and enforced in accordance with the
        laws
        of the State of Nevada and the federal laws of United States applicable therein,
        without giving effect to principles of conflicts of law.

       

      8.3
         Jurisdiction. The parties hereby irrevocably consent to the in
        personam jurisdiction of the state or federal courts located in ___________,
        in
        connection with any action or proceeding arising out of or relating to this
        Agreement or the transactions and the relationships established thereunder.
        The
        parties hereby agree that such courts shall be the venue and exclusive and
        proper forum in which to adjudicate such matters and that they will not contest
        or challenge the jurisdiction or venue of these courts.

       

      8.4 Waiver
        of any and all Rights to a Trial by Jury.
        All
        parties to this Agreement unconditionally, irrevocably and expressly waive
        all
        rights to trial by jury in any action, proceeding, suit, counterclaim or
        cross-claim in any matter (whether sounding in tort, contract or otherwise)
        in
        any way arising out of or otherwise relating to this Agreement or the
        transaction or the relationships established hereunder. All parties confirm
        that
        the foregoing waiver of a trial by jury is informed and freely
        made.

       

      8.5 Entire
        Agreement.
        This
        Agreement and such other agreements related to this transaction executed
        simultaneously herewith set forth the entire agreement and understanding
        of the
        parties in respect of the transactions contemplated hereby and supersedes
        all
        prior agreements, arrangements and understandings of the parties relating
        to the
        subject matter hereof. No representation, promise, inducement, waiver of
        rights,
        agreement or statement of intention has been made by any of the parties which
        is
        not expressly embodied in this Agreement, such other agreements, notes or
        instruments related to this transaction executed simultaneously herewith,
        or the
        written statements, certificates, schedules or other documents delivered
        pursuant to this Agreement or in connection with the transactions contemplated
        hereby. 

       

      8.6 Assignment.
        Each
        party's rights and obligations under this Agreement shall not be assigned
        or
        delegated, by operation of law or otherwise, without the other party's prior
        consent, and any such assignment or attempted assignment shall be void, of
        no
        force or effect, and shall constitute a material default by such
        party.

       

      8.7
         Amendments.
        This
        Agreement may be amended, modified, superseded or cancelled, and any of the
        terms, covenants, representations, warranties or conditions hereof may be
        waived, only by a written instrument executed by Holding Company, Identica
        and
        the Stockholders, in the case of a waiver, by the party waiving
        compliance.

      

      8.8 Waivers.
        The
        failure of any party at any time or times to require performance of any
        provision hereof shall in no manner affect the right at a later time to enforce
        the same. No waiver by any party of any condition, or the breach of any term,
        covenant, representation or warranty contained in this Agreement, whether
        by
        conduct or otherwise, 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 a
        waiver of any other term, covenant, representation or warranty of this
        Agreement.

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      8.9 Execution.
        This
        Agreement may be executed simultaneously in two or more counterparts and
        by
        facsimile, each of which shall be deemed an original, but all of which together
        shall constitute one and the same instrument.

       

      8.10 Severability. 
        If any
        term, provisions, covenant or restriction of this Agreement is held by a
        court
        of competent jurisdiction or other authority to be invalid, void or
        unenforceable, the remainder of the terms, provisions, covenants and
        restrictions of this Agreement shall remain in full force and effect and
        shall
        in no way be affected, impaired or invalidated so long as the economic or
        legal
        substance of the transactions contemplated hereby is not affected in any
        manner
        materially adverse to any party. Upon such determination, the parties shall
        negotiate in good faith to modify this Agreement so as to effect the original
        intent of the parties as closely as possible in an acceptable manner in order
        that the transactions contemplated hereby be consummated as originally
        contemplated to the fullest extent possible. 

       

      8.11
         Independent
        Representation.
        Each of
        the parties hereto further acknowledges and agrees that he or it, as the
        case
        may be, has been advised by counsel during the course of negotiations leading
        up
        to the execution and delivery of this Agreement and had significant input
        in the
        development of this Agreement. This Agreement shall not, therefore, be construed
        more strictly against any party responsible for its drafting regardless of
        any
        presumption or rule requiring construction against the party whose attorney
        drafted this Agreement. 

       

      

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

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have duly executed this Share Exchange Agreement
        as
        of the date first above written.

      

      

      
        	 	
                IDENTICA
                  HOLDINGS CORPORATION 

              
	 	 
	 	
                By:
                  ___________________________

              
	 	
                Name:
                  

              
	 	
                Title:
                  

              
	 	 
	 	
                IDENTICA
                  CORP.

              
	 	 
	 	
                By:
                  ___________________________

              
	 	
                Name:
                  

              
	 	
                Title:
                  

              

      

      

      [Remainder
        of Page Intentionally Omitted; Signatures of Stockholders to
        Follow]

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      

      STOCKHOLDERS’
        SIGNATURE PAGE

      

      IN
        WITNESS WHEREOF, the undersigned has executed this Share Exchange Agreement,
        dated as of November ___, 2005, by and among Identica Holdings Corporation,
        Identica Corp., and the stockholders of Identica Corp., to which this signature
        page is attached, on the date set forth immediately above the undersigned’s
        signature below, and by doing so agrees to be bound by the terms of such
        Agreement as a Stockholder (defined therein).

      

       

      Date:  
        November
        ___, 2005

      

      

      
        	 	
                INDIVIDUAL:

              
	 	 
	 	
                ___________________________________________________

              
	 	
                (Signature)

              
	 	 
	 	
                
                  ___________________________________________________

                

              
	 	
                (Print
                  Name)

              
	 	 
	 	
                PARTNERSHIP,
                  CORPORATION, LIMITED LIABILITY COMPANY, TRUST, CUSTODIAL ACCOUNT,
                  OTHER:

              
	 	 
	 	
                
                  ___________________________________________________

                

              
	 	
                (Name
                  of Entity)

              
	 	 
	 	
                By:
                  ________________________________________________

              
	 	
                (Signature)

              
	 	 
	 	
                
                        
                    ________________________________________________

                

              
	 	
                (Print
                  Name and Title)

              

      

      

      

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A

      

      

      
        	
                Name
                  of Identica Stockholder

              	
                Address

              	
                Number
                  of Identica Shares 

                to
                  be Exchanged 

                for
                  Exchange Shares

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

      

      

      
        
          
          

        

        
          13

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