Document:

ex402.htm

    

    
      

      MEMORANDUM
        OF
        UNDERSTANDING

    

    
      

      This
        Memorandum of Understanding
        ("Memorandum") is entered into on this , 25thday
        May, 2007, by and among SinoFresh
        HealthCare, Inc. (SinoFresh)
        and a group of
        investors to be named (The
Financial
        Group-or
        "Nominee" or "Investors") hereto, collectively,
        (the "Parties") and sets
        forth those points upon which the Parties have agreed in principle.
        This Memorandum
        confirms the Parties' joint intentions to finalize details and execute final
        documentation related to an investment in SinoFresh by the The Financial Group pursuant
        to the
        following terms:

    

    
      

       

      
        	
                1.  

              	
                Investment
                  - An initial
                  investment by the The Financial Group, of Five
                  Million

              

      

    

    
      ($5,000,000-00)
        USD in consideration of
        Twenty Five Million (25,000,000)
Common
        shares of stock in SinoFresh
        HealthCare, Inc., said investment to be

    

    
      
        allocated
          as
          follows:

      

    

    
      

       

      
        	
                2.  

              	
                To
                  Immediate
                  Advance - A total
                  of
                  One Hundred Fifty Thousand
                  ($150,000.00)

              

      

    

    
       

      
        USD
          shall be advanced upon execution of
          this agreement to SinoFresh.   In

      

    

    
      
        consideration
          for the $150,000.00
          advance, Seven   Hundred Fifty
          Thousand

      

    

    
      
        
          (750,000)
            Common shares shall be granted
            to The Financial Group. Registration

          rights, (SB :2),
            shall be filed in conjunction with this
            conveyance.

        

      

    

    
       

    

    
      

      3.      
        Upon
        Closing:

    

    
      

      

    

    
      

      
        	
                a.

              	
                Of
                  the Initial Five Million
                  ($5,000,000.00) USD commitment, after
                  setting

              

      

    

    
      

      
        	
                 

              	
                aside
                  the One Hundred Fifty
                  Thousand ($150,000.00) USD described
                  in

              

      

    

    
      

      
        	
                 

              	
                paragraph
                  (2) above, the remaining
                  Four Million Eight Hundred
                  Fifty

              

      

    

    
      

      
        	
                 

              	
                Thousand
                  ($4,850,000.00) USD will
                  be allocated as
                  follows:

              

      

    

    
      

      
        	
                b.

              	
                Two
                  Million Eight Hundred Fifty
                  Thousand ($2,850,000.00) USD shall
                  be

              

      

    

    
      

      
        	
                 

              	
                invested
                  in SinoFresh, which
                  amount, in addition to the One
                  Hundred

              

      

    

    
      

      
        	
                 

              	
                Fifty
                  Thousand ($150,000.00) USD
                  described in paragraph (2) above
                  shall

              

      

    

    
      

      
        	
                 

              	
                constitute
                  a total investment of
                  Three Million ($3,000,000.00) USD
                  in

              

      

    

    
      

      
        	
                 

              	
                SinoFresh.
                  SinoFresh guarantees,
                  upon closing, that the debenture
                  holders

              

      

    

    
      

      
        	
                 

              	
                shall
                  be paid in full. It is
                  further agreed, if the debenture holders wish
                  to

              

      

    

    
      

      
        	
                 

              	
                accept
                  the principal amount of
                  their note in full, amounting
                  to

              

      

    

    
       

      approximately
        One Million Five Hundred
        Thousand ($1,500,000.00) USD, and re-invest their interest and penalties,
        approximately Five Hundred
        Thousand ($500,000.00) USD, they shall be given that
        right

    

    
      

      SinoFresh
        further agrees as to the
        approximate following Use of Proceeds:

    

    
      

      1.  Completion
        of the Phase n
        components of Drug Development for Antibiotic Resistant Staphylococcus Aureus
        (MRSA). An amount budgeted
        approximately at One Million Two Hundred Thousand ($1,200,000.00)
        USD.

    

    
      

       

      
        	
                2.  

              	
                Sales
                  and Marketing budgeted at
                  One Million Two
                  Hundred

              

      

    

    
      

      
        	
                 

              	
                Thousand
                  ($1,200,000.00)
                  USD

              

      

    

    
      

       

      
        	
                3.  

              	
                Unsecured    Debt   budgeted   at    Seven    Hundred    Thousand

              

      

    

    
      

      
        	
                 

              	
                ($700,000.00)
                  USD.

              

      

    

    
      

       

      
        	
                4.  

              	
                The
                  remaining Two Hundred Fifty
                  ($250,000.00) USD budgeted
                  to

              

      

    

    
      

      
        	
                 

              	
                Product
                  Manufacturing and
                  Operational needs supplemented
                  by

              

      

    

    
      

      
        	
                 

              	
                revenue
                  generated from the
                  SinoFresh national distribution
                  system

              

      

    

    
      

      
        	
                 

              	
                (25,000
                  points of retail
                  purchase).

              

      

    

    
      

      
        	
                5.

              	
                Three
                  (3) Board seats on a five
                  (5) member Board of Directors
                  for

              

      

    

    
      

      
        	
                 

              	
                SinoFresh
                  Healthcare,
                  Inc.

              

      

    

    
      

      (NOTE:
        If the Debenture Holders elect
        not to participate with an equity arrangement,
        all budgets will be
        adjusted accordingly.)

    

    
      

      
        	
                 

              	
                c.
                  In consideration for an
                  additional Two Million ($2,000,000.00) USD investment,
                  The Financial Group
                  shall be granted Fifty Percent Interest (50%), in
                  profits generated from
                  ALL foreign sales. This shall include but not be limited
                  to: Technology
                  Transfer Fees, Royalties, Licensing Fees or any other
                  funds received in
                  connection with a SinoFresh transaction. These fees
                  are considered to be a
                  "Net" amount as opposed to a "Gross" amount) allowing
                  for certain
                  agreed upon expenses to be deducted such as Regulatory
                  Administration, Patent
                  Maintenance, Travel associated with Foreign Partnering,
                  Technology
                  Transfer, and other related
                  expenses.

              

      

    

    
      

      In
        further consideration of the above
        representations, The Financial Group shall receive the following
        considerations:

    

    
       

      
        	
                1.  

              	
                If
                  the need arises, and is agreed
                  upon by both parties, to form a new
                  entity

              

      

    

    
      

      
        	
                 

              	
                for
                  foreign transactions, in
                  addition to conditions set forth above,
                  The

              

      

    

    
      

      
        	
                 

              	
                Financial;
                  Group shall receive
                  three (3) board seats on a five (5)
                  member

              

      

    

    
      

      
        	
                 

              	
                board
                  for any such
                  entity.

              

      

    

    
      

       

      
        	
                2.  

              	
                It
                  is agreed upon, SinoFresh shall
                  provide a list of all unsecured
                  debtors

              

      

       

    

    
      
        	
                 

              	
                listing
                  the amount of discount
                  agreed upon by both the Creditor
                  and

              

      

       

    

    
      
        	
                 

              	
                3.  The
                  Financial Group
                  shall have full access to the Patents, Technology, Scientific
                  Pursuits, and any other
                  related resources associated with SinoFresh
                  products. SinoFresh
                  further agrees not to encumber any such resources'" without the
                  full
                  approval of The Financial Group. These rights shall apply
                  to all SinoFresh
                  staff, Board Members, affiliates and pertain to issues, past,
                  present, and the
                  future.

              

      

    

    
       

      4.
        Closing.
Unless mutually extended
        by
        agreement of all the patties, closing shall occur within, but no later
        than, 45 days from
        the date set forth below, in the offices of Otto Law * Group, Seattle Washington
        or at a
        mutually acceptable designated address in San Francisco, j. California Bay
        area.   ...

    

    
      

      Closing
        period is get forth to allow due
        diligence for the parties to review documents by Dubai/Middle East
        counsel.   .

    

    
       

    

    
      5.
        Representations and Warranties of the
        Parties

    

    
      

      To
        induce Investors to enter into and
        perform this Agreement, the parties mutually represent and warrant
        as
        follows:

    

    
      

      a.       
        Organization,
        Good Standing, etc. - Sinofresh
        is a corporation
        duly

    

    
      

      organized,
        validly existing and in good
        standing under the laws of the State of

    

    
      

      Florida.
        SinoFresh has all requisite
        corporate power and authority to own, operate

    

    
      

      and
        lease its assets and to carry its
        business as now being conducted. Sinofresh is

    

    
      

      duly
        -qualified, to do business, and is
        in good standing in the jurisdictions required.

    

    
      

      b.            
        Corporate
        Authority

    

    
      

      Sinofresh
        and Investors have full
        corporate power and authority to execute and deliver this Agreement
        and the Ancillary
        Agreements to which it is a party and to preform its obligations hereunder
        and
        thereunder. The execution and delivery by the parties of this Agreement and
        the
        Ancillary Agreements, the performance by the parties of its obligations
        hereunder and
        thereunder, and the consummation by the parties of the transactions
        contemplated
        hereby and thereby have been duly authorized, by all
        necessary corporate
        action, and constitute valid and binding obligations of parties, enforceable
        against each other in accordance with their terms.

    

    
      

      c.          
        No
        Conflict

    

    

    
      

      The
        execution, delivery arid performance
        of this Agreement or the Ancillary Agreements by Buyer
        and the
        consumination of the transactions contemplated hereby or thereby will
        not (a) violate,
        conflict with, or result in any breach of, any provision of the parties charter
        documents; or (b) violate, conflict with, result in any breach of, or constitute
        a default (or
        an event that, with notice or lapse
        of time or both, would, constitute
        a default) under
        any Contract or Judgment to which the parties are a party
        or by which they are
        bound; violate any applicable law, statute, rule, ordinance or
        regulation of any
        Governmental Body; or (d) violate or result in the suspension, revocation,
        modification, invalidity or limitation of any Permit relating to the Parties
        business; or (e)
        give any party with rights under any Contract, Judgment or other restriction
        to which
        the parties are a party or by which it is bound or which relates to its
        business, the right to terminate, modify or accelerate any rights, obligations
        or performance under
        such Contract, Judgment or restriction.

    

    
      

    

    
      d.        Consents
        and Approvals

    

    
      

      No
        consent, approval or authorization
        of, or declaration, filing or registration with,

    

    
      

      

    

    
      

      

    

    
      

       MEMORANDUM
        OF UNDERSTANDING SINOFRESH
        HEALTHCARE,  INC-AUGUST 6,
        2004-3

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      

      any
        Governmental Body is required for
        the execution, delivery and performance by the patties of this
        Agreement and the
        Ancillary Agreements to which they are a party and for the consummation
        by the parties
        of the transactions contemplated hereby and thereby, and the parties have
        obtained the approval of the holders of the requisite number of
        shares of the
        parties capital stock required to approve this Agreement and the Ancillary
        Agreements and the transactions contemplated herein and therein, including,
        without limitation, issuance of the shares representing the investment Consideration,
        and no other
        consent, approval or authorization of any third party is required
        for die
        execution, delivery and performance by the Parties of this Agreement and
        the Ancillary
        Agreements.

    

    
      

      e.             
        Absence of Certain
        Changes.

    

    
      

      Since
        December 31, 2006, SinoFresh has
        conducted its business in the ordinary course consistent with
        past practice and
        there has not occurred (a) any change, event or condition (whether
        or not covered by
        insurance) that has resulted in, or could reasonably be expected to result
        in, a
        Material Adverse Effect on Investor; (b) any acquisition, sale or transfer
        of
        any material asset of SinoFresh odier than in the ordinary course the
        business and
        consistent with past practice; (c) any change in accounting  methods
        or practices (including any change in depreciation or amortization
        policies  or rates) by SinoFresh or any revaluation by SinoFresh of
        any of its assets;
        (d):any
        declaration, setting aside, or
        payment of a dividend or other distribution with respect
        to the shares
        of SinoFresh or any direct or indirect redemption, purchase
        or other
        acquisition by SiaoFresh of any of its shares of capital stock} (e) any material
        Contract entered
        into by SinoFresh, other than in the ordinary course of business
        and as provided to
        Invester or its counsel, or any material amendment or termination
        of, or default
        under, any material Contract to which SinoFresh is a party
        or by which it is
        bound; (f) any amendment or change to the Articles of Incorporation
        or Bylaws of
        SinoFresh; (g) any increase in or modification of the compensation
        or benefits payable
        or to become payable by SinoFresh to any of its directors, officers
        or employees;
        or (h) any negotiation, or agreement by SinoFresh to do any
        of the things
        described in the preceding clauses (a) through (h) (other than negotiations
        -with The
        Investors and its representatives regarding die transactions contemplated
        by
        this Agreement).

    

    
      

      f.             
        Taxes

    

    
      

      All
        Tax' obligation of SinoFresh have
        been timely paid, and, except as reflected in the Financial Statements,
        SinoFresh has
        no liability for any Tax obligation.

    

     

    
      SinoFresh
        has performed the obligations
        required to be performed by it under all material Contracts, and no breach
        or
        default by SinoFresh of any provision thereof, nor any condition or event
        that,
        with notice or lapse of time or both, would constitute such a breach
or default, has occurred.
        No breach or default by any other party to any such material Contract of any provision
        thereof, nor
        any condition or event that, with notice or lapse of time or both, would
        constitute such a breach or default, has occurred. SinoFresh has not received
        any notice of any modification, termination or cancellation of any such
        material

    

    
       

    

    
      MEMORANDUM
        OF UNDERSTANDING SINOFRESH
        HEALTHCARE,  INC-AUGUST 6,
        2004-3

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      Contract
        and knows of NO intent to
        effect the same or any reasonable basis therefor. No consent, approval or
        authorization of
        any third party is required as a result of the transactions contemplated
        under this
        Agreement, and all such material Contracts will continue to be binding on
        the
        other parties thereto following the Closing. SinoFresh has no reason to believe
        that any obligations that remain to be performed under any such material
        Contract cannot be fulfilled. No such material Contract will result in a
        material loss to or have a material adverse effect on the assets or the conduct,
        business, operations, properties, condition (financial
        or otherwise) or
        prospects of SinoFresh, and there is no dispute with any party under any
        such
        material Contract.

    

    
      

      h.
        Claims and Legal
        Proceedings

    

    
      

      There
        are no Claims
        pending or threatened against the Parties, before or by any Governmental
        Body or
        nongovernmental department, commission, board, bureau, agency or instrumentality
        or any other person. To The Parties knowledge, there is no valid basis for
        any
        Claim, adverse to the parties by or before any Governmental Body or
        nongovernmental department, commission, board, bureau, agency or instrumentality,
        or any
        other person. There are no outstanding or unsatisfied judgements,
        orders,
        decrees or stipulations to which the Parties is a party, that would,
        alone or in the
        aggrecate, or could reasonably be expected to have, a Material Adverse
        Effect on the Parties.

    

    
      

      I.
        Labor
        Matters

    

    
      

    

    
      There
        are no disputes, employee
        grievances or disciplinary actions pending or threatened between Sinofresh
        and
        any employees of Sinofresh. SinoFresh has complied
        in all respects
        with all provisions of all
        laws relating to the employment of labor and has no liability for any arrearages
        of wages or Taxes or
        penalties for failure to comply with any such laws.   SinoFresh
        has no knowledge of any organizational efforts presently being  made
        or threatened by or on behalf of any labor union with respect to any
        employees of
        SinoFresh.

    

    
      

      j.
        Intellectual Property
        Rights

    

    
      

      Sinofresh
        owns all right, title and
        interest in and has legally enforceable rights to exclusive  use and
        exploit without limitation all Intellectual Property used or useful
        in the business
        of SinoFresh free and clear of all Encumbrances. No Person
        other than
        SinoFresh has any right, claim or respect to any such
        IP

    

    
      

      Sinofresh
        is not in breach of any
        license, sublicense or other agreement relating to its IP. Neither the execution,
        delivery or
        performance of thisAgreement or
        any of Ancillary Agreements, nor the
        consummation of the transactions contemplated
        hereby will
        contravene, conflict with or result in an infringement on SinoFresh's right
        to
        own or use any IP, including any licenses, sublicenses
        and other
        agreements to which SinoFresh is a party and pursuant to which
        they are
        authorized to use in its business.

      
 

    

    
      MEMORANDUM
        OF
        UNDERSTANDING

    

    
      

      SINOFRESH
        HEALTHCARE,  INC-

    

    
      

      AUGUST
        6,
        2004-3

    

     

    
      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      k.
        No Adverse
        Events

    

    
       

    

    
      

      The
Parties
have no
        knowledge of any facts or
        circumstances that hinder or adversely affect, or
        in the future are
        reasonably likely to hinder or adversely affect, its assets or the conduct,
        business,
        operations, properties, condition (financial or otherwise) or prospects of
        the
        Parties. Furthermore, there has not been any material adverse change in,
        or any event,
        condition or contingency or any damage, destruction or loss (whether or not
        covered by insurance) that may result in any material adverse change in, the assets
        or the conduct,
        business, operations, properties, condition (financial or otherwise)
        or prospects of
        Buyer.

    

    
      

      1.
        Compliance With
        Law

    

    
      

      The
        Parties are and have been in
        compliance with all laws, statutes, rules, ordinances and regulations promulgated
        by any
        Governmental Body and all Judgments applicable to the ownership
        or operation
        of its assets or the conduct of its business. The parties have not received
        any
        notice of any alleged violation (whether past or present and whether remedied
        or
        not), nor are they aware of any basis for any claim of any such violation
        of any such law,
        statute, rule, ordinance, regulation or Judgment. There is no law, statute,
        rule, ordinance or regulation promulgated by anyGovermental Body or
        any Judgment that materially
        and adversely
        affects or is reasonably expected to have a Material Adverse
        Effect on the
        Parties.

    

    
      

      m.
        Permits and
        Qualifications

    

    
      

      All
        permits that are required for the
        ownership or operation of Parties assets or the conduct of its business
        have been
        obtained by the parties, are in full force and effect.

    

    
      The
        Parties are and.have been in
        compliance with all such Permits, and the Parties

    

    
      have
        not received any notice of any
        alleged violation (whether past or present and

    

    
      whether
        remedied or not) of, nor any
        threat of the suspension, revocation, modification, invalidity
        or limitation
        of, any such Permit, nor are the Parties aware of any basis for any claim
        of any such
        violation or any such threat.

    

    
      

      n.
        Insurance 

    

    
      

    

    
      The
        Parties maintain and have maintained
        adequate insurance protection against all liabilities, Claims
        and risks against
        which they believes customary for corporations engaged in the same
        or a similar
        business similarly situated to insure.

    

    
      

      o.
        Brokerage

    

    
      The
        Parties have not retained any broker
        or finder in connection with the transactions contemplated by this Agreement.
        Any brokerage or finder's fee due to any broker or finder in violation of
        the
        foregoing representation shall be paid by Sinofresh

    

    
       

    

    
      p.
        Customers and Suppliers

    

    
       

    

    
      No
        customers, suppliers, advertisers,
        reseller or distributor of SinoFresh is involved in, threatened with or affected
        by, any Claim, Judgment or circumstances that may affect the Assets or the conduct,
        business,
        operations, properties, condition (financial or

    

    
      

      MEMORANDUM
        OF
        UNDERSTANDING

    

    
      

      SINOFRESH
        HEALTHCARE,  INC-

    

    
      

      AUGUST
        6,
        2004-3

    

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      

      otherwise)
        or prospects of SinoFresh,
        (b) there is no indication that any customer, supplier, advertiser/reseller
        or
        distributor intends to terminate or modify its relationship with SinoFresh,
        and (c) the
        consummation of the transactions contemplated by this
        Agreement and the
        Ancillary Agreements will not adversely affect the post-Closing relationship
        of
        SinoFresh with any customer or supplier of Buyer.

    

    
      

      q.
        Full
        Disclosure

    

    
      

      The
        Parties will disclose to each other
        in writing all material facts and information relating to the transaction,
        assets and
        the conduct of their business. None of the representations or
        warranties made by
        the Parties, nor any statement made in any schedule, exhibit or
        certificate
        furnished by the Parties as a condition to this Agreement contains, or will
        contain at the Closing, any untrue statement of a material fact, or omits
        or will omit at
        the Closing to state any material fact necessary in order
        to make the
        statements contained herein or therein, in light of the circumstances under
        which made, not
        misleading.

    

    
       

      6. Documentation
-
        The parties agree that full
        documentation, in compliance with SEC

    

    
      

      regulations,
        shall follow execution of
        this MOU. The parties
        agree to exercise their
        best

    

    
      

      efforts
        to execute and deliver said
        documents in a timely manner consistent with the

    

    
      

      projected
        closing
        date.

    

    
      

       

      7. Fees
-
Each
        party shall pay its own fees and
        expenses incident to closing date set forth

    

    
      

      herein.

    

    
      

       

      8. Confidentiality
        -    The   Parties   to   this   Memorandum   agree   to   maintain   the

    

    
      

      confidentiality
        of the existence and terms
of
        this  Memorandum, including
        (without

    

    
      

      limitation)
        the nature and payment of
        consideration referred to in this Memorandum and to

    

    
      

      make
        no voluntary statement concerning
        this Memorandum, except as may be necessary for

    

    
      

      the
        purposes of audit, tax returns, or
other disclosures
        required by
        law.   The-Parties agree

    

    
      

      that
        die provisions contained in this
        paragraph are legally binding and shall survive the

    

    
      

      termination,
        of this Memorandum or other
        indication by the
Parties
        hereto of
their
        intention

    

    
      

      not
        to proceed with the
settlement

    

    
      

       

      9. No
Shop
        Agreement - The parties mutually
agree
        to suspend discussions
        regarding

    

    
      

      investments
        in SinoFresh with parties
        other than each other up to and including me

    

    
      

      "Closing
        Date", plus any extensions
        thereof, as set forth herein.

    

    
      

      10.          
        Expression of Understanding
        - This
Memorandum
        constitutes an expression
        of

    

    
      

      understanding
        relating to the parties
        intent and does not contain all matters upon which

    

    
      

      agreement
        must be reached A complete
        transaction will result only from the execution of

    

    
      

      definitive
        agreements, subject to the
        terms and conditions  expressed
        therein.    This

    

    
      

      Memorandum
        is not intended to be
legally binding
        upon the Parties hereto, except
        to the

    

    
      

      MEMORANDUM
        OF UNDERSTANDING SINOFRESH HEALTHCARE,
        INC AUGUST 6,2004 -
        6

    

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      

      

    

    

    

    
      extent
        the provisions of the
        confidentiality acknowledgements in the preceding paragraph hereof are meant
        to
        be binding obligations,

    

    
      

    

    
      11.
Execution
        in
        Counterpart - This
        Memorandum may be signed in counterparts and be transmitted by facsimile,
        but
        may not be assigned -without the -written consent of all the parties
        hereto.

    

    
      

      [Signature
        Page Follows]

    

    
      

      

    

    

    

    
      
        	 	SinoPrcsh
                Healthcare,	 
	 	 	 	 
	
                Agreed
                  and accepted this 22nd day of May, 2007

              	
                By:
                  

              	/s/ Charles
                Fust	 
	 	 	Charles
                fust	 
	 	 	 	 
	 	 	 	 

      

    

    

    
      
        	The
                Financial Group, "Nominees" or "Investors"	 	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/ Razek
                Azizi	 
	 	 	Razek
                Azizi	 
	 	 	 	 
	 	 	 	 

      

    

    

    
      
        	 	 	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/ Abdul
                S. Rydhan	 
	 	 	Abdul
                S. Rydhanex10-1.htm

    
      

    

    Exhibit
10.1

    

    AGREEMENT AND PLAN OF
MERGER

     

    THIS AGREEMENT AND PLAN OF
MERGER (this “Agreement”) is made
and entered into as of the 25th day of
January, 2008, by and between FINGERPRINT DETECTION TECHNOLOGIES,
INC., a Florida corporation; CONSTELLATION BIOMETRICS
CORPORATION, a Florida corporation; SEQUIAM EDUCATION, INC., a
Florida corporation; SEQUIAM
SPORTS, INC., a Delaware corporation; SEQUIAM SOFTWARE, INC., a
California corporation (collectively, the “Merged
Corporations”), and SEQUIAM BIOMETRICS, INC., a
Florida corporation (the “Surviving
Corporation” and collectively with the Merged Corporation, the “Corporations”), with
the Merged Corporations merging with and into the Surviving Corporation, such
that the separate existence of each of the Merged Corporations shall cease and
the Surviving Corporation shall continue as the surviving corporation (the
“Merger”).

     

    R E C I T A L S:

     

    WHEREAS, the Boards of
Directors of the Corporations deem it advisable and in the best interests of the
Corporations to merge the Corporations.

     

    NOW, THEREFORE, in
consideration of the mutual covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     

    ARTICLE
I

     

    MERGER

     

    1.1           The
Merger.  Upon the terms and subject to the conditions hereof,
and in accordance with the relevant provisions of the Florida Business
Corporation Act (“FBCA), the California
Corporations Code (“CCC”), and the
Delaware General Corporation Law (the “DGCL” and together
with the FBCA and the CCC, “Applicable Law”), the
Merged Corporations shall be merged with and into the Surviving
Corporation.  Following the Merger, the Surviving Corporation shall
continue as the surviving corporation and shall continue its existence under the
laws of the State of Florida, and the separate corporate existence of the Merged
Corporations under the laws of the States of Florida, California and Delaware,
as applicable, shall cease.

     

    1.2           Effective
Date.  Articles of Merger (“Articles”) with
respect to the Merger shall be executed, delivered and filed with the Secretary
of State of the State of Florida in accordance with the provisions of the
FBCA.  A certified copy of such Articles shall be filed with the
Secretary of the State of California in accordance with the CCC.  A
Certificate of Merger shall be filed with the Secretary of State of the State of
Delaware.  The Merger shall be effective upon the filing of the
Articles of Merger with the Florida Secretary of State (the “Effective
Date”).

     

    1.3           Effect of the
Merger.  Upon the Effective Date, and without any further
action on the part of the Surviving Corporation, the Surviving Corporation shall
thereupon and thereafter possess all the rights, privileges, powers and
franchises of a public as well as of a private nature, of each of the
Corporations, and be subject to all the restrictions, disabilities and duties of
each of the Corporations so merged; and all of the rights, privileges, powers
and franchises of each of the Corporations, and all property, real, personal and
mixed, and all debts due to either of the Corporations on whatever account,
shall be vested in the Surviving Corporation; and all property, rights,
privileges, powers and franchises and all and every other interest shall be
thereafter the property of the Surviving Corporation as they were of the
Corporations; and the title to any real estate, vested by deed or otherwise,
under the laws of the State of Florida or otherwise, in either of the
Corporations, shall not revert or in any way be impaired by reason of the
Merger; provided, that all debts, liabilities and duties of the Corporations,
and all rights of creditors and all liens upon any property of either of the
Corporations shall thenceforth attach to the Surviving Corporation, and may be
enforced against it to the same extent as if said debts, liabilities and duties
had been incurred or contracted by it.

     

    1.4           Articles of Incorporation
and Bylaws of Surviving Corporation.  From and after the
Effective Date, the Articles of Incorporation of the Surviving Corporation (the
“Articles”),
and the bylaws of the Surviving Corporation in effect immediately prior to the
Effective Date, shall be the Articles and bylaws, respectively, of the Surviving
Corporation, unless and until altered, amended or repealed as provided in the
Articles or such bylaws.

     

    1.5           Directors and Officers of
Surviving Corporation.  The directors and officers of the
Surviving Corporation immediately prior to the Effective Date shall be the
directors and officers, respectively, of the Surviving Corporation and will hold
such office from the Effective Date until their respective successors are duly
elected and qualified in the manner provided in the Articles and bylaws of the
Surviving Corporation, or as otherwise provided by law.

     

    ARTICLE
II

     

    CONVERSION AND EXCHANGE OF
SECURITIES

     

    2.1           Cancellation of
Shares.  Upon the Effective Date, each then outstanding share
of common stock of the Merged Corporations shall, by virtue of the Merger and
without any action on the part of the holders thereof, be cancelled and cease to
exist and no consideration shall be issued in respect thereof.

     

    ARTICLE
III

     

    MISCELLANEOUS

     

    3.1           Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida without regard to the conflicts
of law rules thereof.

     

    3.2           Headings.  The
headings in this Agreement are inserted for convenience only and shall not
constitute a part hereof.

     

    3.3           Severability.  If
any provision of this Agreement is held by a court of competent jurisdiction to
be contrary to law, then the remaining provisions of this Agreement, as
applicable, if capable of substantial performance, shall remain in full force
and effect.

     

    3.4           Third Party
Beneficiaries.  This Agreement is not intended to confer upon
any other person or entity, other than the parties hereto, any rights or
remedies.

     

    3.5           Authorization.  The
Boards of Directors and the proper officers of the Corporations are hereby
authorized, empowered, and directed to do any and all acts and things, and to
make, execute, deliver, file, and/or record any and all instruments, papers, and
documents which shall be or become necessary, proper, or convenient to
effectuate or consummate any of the provisions of this Agreement or of the
Merger herein provided for.

     

    3.6           Modification or
Amendment. Subject to the applicable provisions of the FBCA, the
parties hereto may modify or amend this Agreement by mutual written agreement
executed and delivered by duly authorized officers or representatives of the
respective parties.

     

    3.7           Termination.  This
Agreement may be terminated and abandoned by the mutual consent of the Boards of
Directors of the Corporations at any time before the Effective
Date.

     

    3.8           Appraisal
Rights.  If applicable, shareholders of the Merged
Corporations, who, except for the applicability of section 607.1104 of the FBCA,
would be entitled to vote and who dissent from the merger pursuant to section
607.1321 of the FBCA, may be entitled, if they comply with the provisions of the
FBCA regarding appraisal rights of dissenting shareholders, to be paid the fair
value of their shares.

     

    IN WITNESS WHEREOF, each of
the parties hereto has caused this Agreement and Plan of Merger to be executed
on its behalf and attested by its officers thereunto duly authorized, all as of
the date first above written.

     

    SEQUIAM SOFTWARE,
INC.,

    a
California corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

    

    SEQUIAM SPORTS,
INC.,

    a
Delaware corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

    

    CONSTELLATION BIOMETRICS
CORPORATION, a Florida
corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

    

    FINGERPRINT DETECTION TECHNOLOGIES,
INC., a Florida corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

    

    SEQUIAM
EDUCATION, INC.

    a Florida
corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

    

    SEQUIAM
BIOMETRICS, INC.

    a Florida
corporation

    

    
      	
               
      

            	
              By:
      ___________________________________

            

    

         Name:
______________________________

          Title:
_______________________________

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