Document:

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES
PURCHASE AGREEMENT (this “Agreement”), is made effective as of May 16, 2012, and is entered into by and among Max
Cash Media, Inc., a Nevada corporation (the “Company”), and the Buyer(s) set forth on the signature pages affixed
hereto (individually, a “Buyer” or collectively, the “Buyers”).

 

WITNESSETH:

 

WHEREAS, the
Company and the Buyer(s) are executing and delivering this Agreement in reliance upon an exemption from securities registration
pursuant to Section 4(2) and/or Rule 506 of Regulation D (“Regulation D”) and/or Regulation S (“Regulation
S”) as promulgated by the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933,
as amended (the “Securities Act”);

 

WHEREAS, the
parties desire that, upon the terms and subject to the conditions contained herein, the Company shall sell to the Buyers, as provided
herein, and the Buyers shall purchase (the “Bridge Offering”) a minimum (the “Minimum Amount”) of One Million
Five Hundred Thousand Dollars ($1,500,000) and a maximum (the “Maximum Amount”) of Two Million Dollars ($2,000,000)
(the “Purchase Price”) in principal amount of 10% Secured Convertible Promissory Notes (the “Notes”), the
principal amount of which, simultaneously upon the closing of the Merger (defined below) and at least the Minimum PPO (defined
below), shall be converted into (i) five year warrants of the Company (the “Conversion Warrants”) to purchase such
number of shares of Company common stock, $0.001 par value per share (the “Common Stock”), as is equal to the number
of units of the Company into which the Notes are convertible pursuant to (ii) immediately below, 50% of which Conversion Warrants
will have an exercise price of $0.25 per share and 50% of which Conversion Warrants will have an exercise price of $0.50 per share;
and (ii) units of the Company (the “Conversion Units”) at a price of $0.25 per unit, each unit consisting of one share
of Common Stock and one redeemable five year warrant (the “Unit Conversion Warrants”) to purchase one additional share
of Common Stock at a price of $1.00 per share; and the total Purchase Price shall be allocated among the Buyer(s) in the respective
amounts set forth on the Buyer Omnibus Signature Page(s), affixed hereto (the “Subscription Amount”); and

 

WHEREAS, all
of the total principal amount of the Notes, subject to the deduction of any and all fees and expenses, shall be utilized by the
Company to make a loan (the “Bridge Loan”) to Boldface Licensing + Branding, a Nevada corporation (collectively with
its subsidiaries, “Newco”); and

 

WHEREAS, the
Bridge Loan proceeds will be utilized by Newco to (i) timely meet its obligation under the May 9, 2012 Licensing Agreement (the
“Licensing Agreement”) by and among BOLDFACE Licensing + Branding, a Nevada corporation, on one hand, and 2Die4Kourt,
Inc., Kimsaprincess, Inc., and Khlomoney, Inc. (collectively, the “Licensors”), on the other hand, to pay a $1,000,000
advance to the Licensors; and (ii) for Newco working capital; and

 

    	 

    	 

    

 

WHEREAS, pursuant
to a personal services agreement by and among the Company, on one hand, and each of the Licensors, on the other hand, the Licensors
(taken as a whole) will receive, at their discretion, either 10,000,000 shares of the Company’s restricted Common Stock or
warrants to purchase 10,000,000 shares of the Company’s Common Stock, each warrant exercisable at a price equal to the fair
market value of the Company’s Common Stock at the time of warrant issuance (the “Talent Issuance”); and

 

WHEREAS, the
Company (i) is currently negotiating a reverse triangular merger with Newco (the “Merger”) under which the Newco shareholders
shall receive an aggregate of 20,000,000 shares of the Company’s Common Stock in exchange for their Newco shares and (ii)
will conduct a private placement offering (the “PPO”) for a minimum of 12,000,000 units (the “Minimum PPO”)
and a maximum of 20,000,000 units (the “Maximum PPO”) with an additional 3,000,000 units subject to offer and sale
pursuant to an over-allotment option, at a price of $0.25 per unit, with each PPO unit (the “PPO Units”) being identical
to the Conversion Units, including with respect to weighted average anti-dilution protection; and

 

WHEREAS, the
Newco shareholders shall receive post-Merger (i) an additional 5,000,000 shares of the Company’s Common Stock or, at their
option, warrants to purchase an additional 5,000,000 shares of the Company’s Common Stock, exercisable at $0.25 per share
upon Newco closing a second licensing agreement; and (ii) an additional 2,500,000 warrants to purchase up to an additional 2,500,000
shares of the Company’s Common Stock upon Newco closing a third licensing agreement; and

 

WHEREAS, upon
the closing of the Merger and at least the Minimum PPO amount, the Company shall have adopted a 20,000,000 share Equity Incentive
Plan for the future issuance of awards to officers, directors, key employees and consultants of the Company; and

 

WHEREAS, the
PPO, in at least the Minimum PPO amount, shall close simultaneously with the closing of the Merger; and

 

WHEREAS, the
conversion of the principal amount of the Notes into Conversion Units will count towards the achievement of the Minimum PPO; and

 

WHEREAS, the
Buyers of the Notes in the Bridge Offering will have weighted average anti-dilution protection, subject to customary exceptions,
with respect to (i) the Common Stock comprising part of the Conversion Units; (ii) the Common Stock underlying the Unit Conversion
Warrants comprising part of the Conversion Units; and (iii) the Common Stock underlying the Conversion Warrants, if within two
years after the closing of the Merger, the Company issues additional shares of Common Stock or Common Stock equivalents for a consideration
per share less than the PPO Offering price of $0.25 per PPO Unit, as such PPO Offering price may be adjusted; and

 

WHEREAS, in
anticipation of the Merger and the PPO, the Company will (i) change its name to such name as shall be approved by Newco (the “Name
Change”) and (ii) will conduct a forward stock split in the form of a stock dividend in the ratio of approximately 37.9562:1
(the “Forward Split”); and;

 

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WHEREAS, simultaneously
with the closing of the Merger and the PPO, if any, the Company will transfer all of its pre-Merger operating assets and liabilities
to a newly formed wholly owned subsidiary (“Split-Off Subsidiary”), and thereafter, the Company shall transfer all
of the outstanding shares of capital stock of Split-Off Subsidiary to the Company’s pre-Merger insiders in exchange for the
surrender and cancellation of shares of Common Stock held by such insiders (the “Split-Off”) (the Merger, the PPO,
the Forward Split, the Name Change, the Split-Off, the Talent Issuance, and the transactions contemplated thereby are sometimes
hereinafter referred to as the “Transactions”); and

 

WHEREAS, all
of the Transactions give retroactive effect to the Forward Split such that the number of Company securities to be issued in connection
with the conversion of the Notes and Conversion Units and Conversion Warrants, the number of Company securities to be issued in
connection with the PPO, the number of Company securities to be issued pursuant to the Talent Issuance, and all other issuances
of Company securities contemplated by this Agreement, will not be effected by the subsequent effectuation of the Forward Split;
and

 

WHEREAS, the
Notes, subject to earlier conversion, will be due and payable six months from the date of issuance and will accrue interest at
the rate of 10% per annum, with such interest being due and payable at maturity; and

 

WHEREAS, in
the event of earlier conversion of the Notes into Conversion Warrants and Conversion Units, the accrued interest due on the Notes
at the time of conversion will be forgiven; and

 

WHEREAS, Gottbetter
Capital Markets, LLC (the “Placement Agent”), a FINRA registered broker-dealer, will act as the Company’s Placement
Agent on a best efforts basis, in connection with the Bridge Offering and the PPO and, with respect to the Bridge Offering, will
be paid a cash commission of 4% of funds raised from Buyers introduced to the Bridge Offering by it, provided that, upon the conversion
of the Notes upon the closing of the Merger and at least the Minimum PPO, the Placement Agent will be paid an additional 4% of
funds raised from Buyers introduced to the Bridge Offering by it, plus a warrant commission in the form of a Placement Agent Warrant
to purchase such number of shares of the Company’s Common Stock as is equal to 8% of the number of Conversion Units into
which the Notes sold to Buyers introduced to the Bridge Offering by it are converted with each Placement Agent Warrant having a
term of 5 years and an exercise price of $0.25 per share; and

 

WHEREAS, the
aggregate proceeds from the sale of the Notes shall be held in escrow pursuant to the terms of an escrow agreement substantially
in the form of Exhibit A to this Agreement among the Company and the Escrow Agent (as defined below) (the “Escrow
Agreement”) for ultimate transfer to Newco;

 

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement the Company and the Buyer(s) hereby agree
as follows:

 

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1.           PURCHASE
AND SALE OF NOTES.

 

(a)          Purchase
of Notes. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally
and not jointly, to purchase at Closing (as defined below), and the Company agrees to sell and issue to each Buyer, severally and
not jointly, at Closing, Notes in principal amounts set forth on the Buyer Omnibus Signature Page, attached hereto as Annex A,
for each Buyer affixed hereto. The Notes shall be substantially in the form attached as Exhibit B to this Agreement. Upon
execution of this Agreement on the Buyer Omnibus Signature Page and completion of the Investor Certification, the Investor Profile,
the Anti-Money Laundering Information Form and if applicable, the Wire Transfer Authorization (each attached hereto) by a Buyer,
the Buyer shall wire transfer the Subscription Amount set forth on its Buyer Omnibus Signature Page, in same-day funds in accordance
with the instructions set forth immediately below, which Subscription Amount shall be held in escrow pursuant to the terms of the
Escrow Agreement and disbursed in accordance therewith.

 

Wire Instructions

 

	Bank Name:	PNC Bank
		300 Delaware Avenue 
		Wilmington, DE 19899 
	ABA Routing Number:	031100089
	Account Name:	CSC Trust Company of Delaware
	Account Number:	5605012373
	Reference:	Max Cash Media, Inc.; 79-1730; [insert Buyer’s name]
	Escrow Agent Contact:	Alan R. Halpern

 

(b)          Closing
Date. The initial closing of the purchase and sale of the Notes (the “Closing”) shall take place at 10:00 a.m.
New York time on or before the 3rd business day following the satisfaction of the conditions to the Closing set forth
herein and in Sections 7 and 8 below (or such later date as is mutually agreed to by the Company and the Buyer(s)). There may be
multiple Closings until such time as subscriptions for the Maximum Amount are accepted (the date of any such Closing is hereinafter
referred to as a “Closing Date”). The Closing shall occur on the Closing Date at the offices of Gottbetter & Partners,
LLP, 488 Madison Avenue, New York, New York 10022 (or such other place as is mutually agreed to by the Company and the Buyer(s)).

 

(c)          Escrow
Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited
in a non-interest bearing escrow account with CSC Trust Company of Delaware, as escrow agent (the “Escrow Agent”),
pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the
Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase
Price for the Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) the Company shall deliver to the Buyer(s),
the Notes, duly executed on behalf of the Company.

 

(d)          Brokers
or their sub-agents who introduce to the Company Buyers may be paid a commission in amounts and on terms as indicated in the placement
agency agreement to be entered into between the Company and such brokers (collectively, the “Brokers’ Fees”).

 

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2.           BUYER’S
REPRESENTATIONS AND WARRANTIES.

 

Each Buyer represents
and warrants, severally and not jointly, as to such Buyer, that:

 

(a)          Investment
Purpose. Each Buyer is acquiring the Notes, and, upon closing of the Merger and at least the Minimum PPO and conversion of
the Notes, the Buyer will acquire the Conversion Warrants and Conversion Units, for its own account for investment only and not
with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered
or exempted under the Securities Act; provided, however, that by making the representations herein, such Buyer reserves the right
to dispose of the Common Stock comprising part of the Conversion Units and the Common Stock underlying the Conversion Warrants
and Conversion Unit Warrants at any time in accordance with or pursuant to an effective registration statement covering such Common
Stock, or an available exemption under the Securities Act. The Buyer agrees not to sell, hypothecate or otherwise transfer the
Buyer’s securities unless such securities are registered under the federal and applicable state securities laws or unless,
in the opinion of counsel satisfactory to the Company, an exemption from such law is available.

 

(b)          Residence
of Buyer. Each Buyer resides in the jurisdiction set forth on the Buyer Omnibus Signature Page affixed hereto.

 

(c)          Investor
Status. The Buyer meets the requirements of at least one of the suitability standards for an “Accredited Investor”
as that term is defined in Rule 501(a)(3) of Regulation D or is not a “U.S. Person” as that term is defined
in Rule 902(k) of Regulation S, and as set forth on the Investor Certification attached hereto.

 

(d)          Non-US
Person. If a Buyer is not a person in the United States or a U.S. Person (as defined in Rule 902(k) of Regulation S) or is
not purchasing the Notes on behalf of a person in the United States or a U.S. Person:

 

(i)          neither
the Buyer nor any disclosed principal is a U.S. Person nor are they subscribing for the Notes for the account of a U.S. Person
or for resale in the United States and the Buyer confirms that the Notes have not been offered to the Buyer in the United States
and that this Agreement has not been signed in the United States;

 

(ii)         the
Buyer acknowledges that the Notes have not been registered under the Securities Act and may not be offered or sold in the United
States or to a U.S. Person unless the securities are registered under the U.S. Securities Act and all applicable state securities
laws or an exemption from such registration requirements is available, and further agrees that hedging transactions involving such
securities may not be conducted unless in compliance with the U.S. Securities Act;

 

(iii)        the
Buyer and if applicable, the disclosed principal for whom the Buyer is acting, understands that the Company is the seller of the
Notes and underlying securities and that, for purposes of Regulation S, a “distributor” is any underwriter, dealer
or other person who participates pursuant to a contractual arrangement in the distribution of securities sold in reliance on Regulation
S and that an “affiliate” is any partner, officer, director or any person directly or indirectly controlling, controlled
by or under common control with any person in question. Except as otherwise permitted by Regulation S, the Buyer and if applicable,
the disclosed principal for whom the Buyer is acting, agrees that it will not, during a one year distribution compliance period,
act as a distributor, either directly or through any affiliate, or sell, transfer, hypothecate or otherwise convey the Notes or
underlying securities other than to a non-U.S. Person;

 

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(iv)        the
Buyer and if applicable, the disclosed principal for whom the Buyer is acting, acknowledges and understands that in the event the
Notes are offered, sold or otherwise transferred by the Buyer or if applicable, the disclosed principal for whom the Buyer is acting,
to a non-U.S Person prior to the expiration of a one year distribution compliance period, the purchaser or transferee must agree
not to resell such securities except in accordance with the provisions of Regulation S, pursuant to registration under the Securities
Act, or pursuant to an available exemption from registration; and must further agree not to engage in hedging transactions with
regard to such securities unless in compliance with the Securities Act; and

 

(v)         neither
the Buyer nor any disclosed principal will offer, sell or otherwise dispose of the Notes or the underlying securities in the United
States or to a U.S. Person unless (A) the Company has consented to such offer, sale or disposition and such offer, sale or disposition
is made in accordance with an exemption from the registration requirements under the Securities Act and the securities laws of
all applicable states of the United States or, (B) the SEC has declared effective a registration statement in respect of such securities.

 

(e)          Investor
Qualifications. The Buyer (i) if a natural person, represents that the Buyer has reached the age of 21 and has full power and
authority to execute and deliver this Agreement and all other related agreements or certificates and to carry out the provisions
hereof and thereof; (ii) if a corporation, partnership, or limited liability company or partnership, or association, joint stock
company, trust, unincorporated organization or other entity, represents that such entity was not formed for the specific purpose
of acquiring the Notes, such entity is duly organized, validly existing and in good standing under the laws of the state of its
organization, the consummation of the transactions contemplated hereby is authorized by, and will not result in a violation of
state law or its charter or other organizational documents, such entity has full power and authority to execute and deliver this
Agreement and all other related agreements or certificates and to carry out the provisions hereof and thereof and to purchase and
hold the Notes, the execution and delivery of this Agreement has been duly authorized by all necessary action, this Agreement has
been duly executed and delivered on behalf of such entity and is a legal, valid and binding obligation of such entity; or (iii)
if executing this Agreement in a representative or fiduciary capacity, represents that it has full power and authority to execute
and deliver this Agreement in such capacity and on behalf of the subscribing individual, ward, partnership, trust, estate, corporation,
or limited liability company or partnership, or other entity for whom the Buyer is executing this Agreement, and such individual,
partnership, ward, trust, estate, corporation, or limited liability company or partnership, or other entity has full right and
power to perform pursuant to this Agreement and make an investment in the Company, and represents that this Agreement constitutes
a legal, valid and binding obligation of such entity. The execution and delivery of this Agreement will not violate or be in conflict
with any order, judgment, injunction, agreement or controlling document to which the Buyer is a party or by which it is bound.

 

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(f)          Buyer
Relationship with Brokers The Buyer’s substantive relationship with any broker for the transactions contemplated hereby
or subagent thereof (collectively, “Brokers”) through which the Buyer is subscribing for the Notes predates such Broker’s
contact with the Buyer regarding an investment in the Notes.

 

(g)          Solicitation.
The Buyer is unaware of, is in no way relying on, and did not become aware of the offering of the Notes through or as a result
of, any form of general solicitation or general advertising including, without limitation, any article, notice, advertisement or
other communication published in any newspaper, magazine or similar media or broadcast over television or radio, in connection
with the offering and sale of the Notes and is not subscribing for the Notes and did not become aware of the offering of the Notes
through or as a result of any seminar or meeting to which the Buyer was invited by, or any solicitation of a subscription by, a
person not previously known to the Buyer in connection with investments in securities generally.

 

(h)          Brokerage
Fees. The Buyer has taken no action that would give rise to any claim by any person for brokerage commissions, finders’
fees or the like relating to this Agreement or the transaction contemplated hereby (other than commissions to be paid by the Company
to the Brokers, as described above).

 

(i)          Buyer’s
Advisors. The Buyer and the Buyer’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”), as the case may be, has such knowledge and experience in financial, tax, and business matters, and,
in particular, investments in securities, so as to enable it to utilize the information made available to it in connection with
the Notes to evaluate the merits and risks of an investment in the Notes and the Company and to make an informed investment decision
with respect thereto.

 

(j)          Buyer
Liquidity. Each Buyer has adequate means of providing for such Buyer’s current financial needs and foreseeable contingencies
and has no need for liquidity of its investment in the Notes for an indefinite period of time.

 

(k)          High
Risk Investment; Review of Risk Factors. The Buyer is aware that an investment in the Notes, and upon closing of the Merger
and at least the Minimum PPO and conversion of the Notes, the Common Stock, including the Common Stock underlying the Conversion
Warrants and Conversion Unit Warrants, involves a number of very significant risks and has carefully reviewed and understands the
risks of, and other considerations relating to, the purchase of the Notes, and upon closing of the Merger and at least the Minimum
PPO and conversion of the Notes, the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion
Unit Warrants, and in particular, acknowledges that the Company is a shell company and its ability to repay the Notes is based
on the consummation of the Transactions.

 

(l)          Reliance
on Exemptions. Each Buyer understands that the Notes are being offered and sold to it in reliance on specific exemptions from
the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the
truth and accuracy of, and such Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and
understandings of such Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of
such Buyer to acquire such securities.

 

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(m)          Information.
Each Buyer and its Advisors have been furnished with all documents and materials relating to the business, finances and operations
of the Company and information that Buyer requested and deemed material to making an informed investment decision regarding its
purchase of the Notes and the underlying securities. Each Buyer and its Advisors have been afforded the opportunity to review such
documents and materials, as well as the Company’s SEC Filings, as such term is defined below (hard copies of which were made
available to the Buyer upon request to the Company or were otherwise accessible to the Buyer via the SEC’s EDGAR system),
and the information contained therein. Each Buyer and its Advisors have been afforded the opportunity to ask questions of the Company
and its management. Each Buyer understands that such discussions, as well as any written information provided by the Company, were
intended to describe the aspects of the Company’s business and prospects which the Company believes to be material, but were
not necessarily a thorough or exhaustive description, and except as expressly set forth in this Agreement, the Company makes no
representation or warranty with respect to the completeness of such information and makes no representation or warranty of any
kind with respect to any information provided by any entity other than the Company. Some of such information may include projections
as to the future performance of the Company, which projections may not be realized, may be based on assumptions which may not be
correct and may be subject to numerous factors both beyond and within the Company’s control. Additionally, the Subscriber
understands and represents that he is purchasing the Notes notwithstanding the fact that the Company may disclose in the future
certain material information the Subscriber has not received, including its financial results for its current fiscal quarter. Neither
such inquiries nor any other due diligence investigations conducted by such Buyer or its Advisors shall modify, amend or affect
such Buyer’s right to rely on the Company’s representations and warranties contained in Section 3 below. Each Buyer
has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect
to its acquisition of the Notes.

 

(n)          No
Other Representations or Information. In evaluating the suitability of an investment in the Notes, the Buyer has not relied
upon any representation or information (oral or written) other than as stated in this Agreement. No oral or written representations
have been made, or oral or written information furnished, to the Buyer or its Advisors, if any, in connection with the offering
of the Notes.

 

(o)          No
Governmental Review. Each Buyer understands that no United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Notes (or the Common Stock, including
the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants), or the fairness or suitability of the
investment in the Notes (and the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit
Warrants), nor have such authorities passed upon or endorsed the merits of the offering of the Notes (or the Common Stock, including
the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants).

 

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(p)          Transfer
or Resale. (A) Each Buyer understands that: (i) the Notes have not been and are not being registered under the Securities Act
or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered
thereunder, or (B) such Buyer shall have delivered to the Company an opinion of counsel, in a generally acceptable form, to the
effect that such securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from
such registration requirements; (ii) any sale of such securities made in reliance on Rule 144 under the Securities Act (or a successor
rule thereto) (“Rule 144”) may be made only in accordance with the terms of Rule 144 and further,
if Rule 144 is not applicable, any resale of such securities under circumstances in which the seller (or the person through
whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance
with some other exemption under the Securities Act or the rules and regulations of the SEC thereunder; and (iii) except as otherwise
set forth in this Agreement and the Registration Rights Agreement (substantially in the form attached as Exhibit C), neither
the Company nor any other person is under any obligation to register such securities under the Securities Act or any state securities
laws or to comply with the terms and conditions of any exemption thereunder. The Company reserves the right to place stop transfer
instructions against the shares and certificates for the Conversion Shares to the extent specifically set forth under this Agreement.
There can be no assurance that there will be any market or resale for the Notes (or the Common Stock,
including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants), nor can there be any assurance
that the Notes (or the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants)
will be freely transferable at any time in the foreseeable future.

 

(B) Each Buyer
understands that the Company is currently a “shell company” as defined in Rule 12b-2 under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”).  Pursuant to Rule 144(i), securities issued by a current or former
shell company (that is, the Notes(and the Conversion Shares)) that otherwise meet the holding period and other requirements of
Rule 144 nevertheless cannot be sold in reliance on Rule 144 until one year after the Company (a) is no longer a shell company;
and (b) has filed current “Form 10 information” (as defined in Rule 144(i)) with the SEC reflecting that it is no longer
a shell company, and provided that at the time of a proposed sale pursuant to Rule 144, the Company is subject to the reporting
requirements of section 13 or 15(d) of the Exchange Act and has filed all reports and other materials required to be filed by section
13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months (or for such shorter period that the issuer was
required to file such reports and materials), other than Form 8-K reports.  As a result, the restrictive legends on certificates
for the Securities cannot be removed except in connection with an actual sale meeting the foregoing requirements or pursuant to
an effective registration statement.

 

(q)          Legends.
Each Buyer understands that the certificates or other instruments representing the Notes (and the Common Stock, including the Common
Stock underlying the Conversion Warrants and Conversion Unit Warrants) shall bear a restrictive legend in substantially the following
form (and a stop transfer order may be placed against transfer of such stock certificates):

 

 

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For U.S.
Persons:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES
IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (C) IN COMPLIANCE WITH RULE 144 OR 144A THEREUNDER, IF AVAILABLE,
AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, (D) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, OR (E) IN A TRANSACTION
THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS, PRIOR
TO SUCH SALE, FURNISHED TO THE COMPANY AN OPINION OF COUNSEL OR OTHER EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY
TO THE COMPANY. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

 

For Non-U.S.
Persons:

 

THESE SECURITIES WERE ISSUED
IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S) PURSUANT TO REGULATION S UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE
MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT,
AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.

 

The legend set forth above shall be removed
and the Company within three (3) business days shall issue a certificate without such legend to the holder of the Notes (and the
Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants,) upon which it is stamped,
if, unless otherwise required by state securities laws, (i) the Buyer or its broker make the necessary representations and warranties
to the transfer agent for the Common Stock that it has complied with the prospectus delivery requirements in connection with a
sale transaction, provided the Notes (and the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion
Unit Warrants, are registered under the Securities Act or (ii) in connection with a sale transaction, after such holder provides
the Company with an opinion of counsel satisfactory to the Company, which opinion shall be in form, substance and scope customary
for opinions of counsel in comparable transactions, to the effect that a public sale, assignment or transfer of the Notes (or the
Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants) may be made without registration
under the Securities Act.

 

    	10

    	 

    

 

(r)          Authorization,
Enforcement. This Agreement has been duly and validly authorized, executed and delivered on behalf of such Buyer and is a valid
and binding agreement of such Buyer enforceable in accordance with its terms, except as such enforceability may be limited by general
principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating
to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

 

(s)          Receipt
of Documents. Each Buyer and its counsel have received and read in their entirety: (i) this Agreement and each representation,
warranty and covenant set forth herein; and (ii) all due diligence and other information necessary to verify the accuracy and completeness
of such representations, warranties and covenants; each Buyer has received answers to all questions such Buyer submitted to the
Company regarding an investment in the Company; and each Buyer has relied on the information contained therein and has not been
furnished any other documents, literature, memorandum or prospectus.

 

(t)          Trading
Activities. The Buyer’s trading activities with respect to the Company’s Common Stock shall be in compliance with
all applicable federal and state securities laws, rules and regulations and the rules and regulations of the principal market on
which the Company’s Common Stock is listed or traded. Neither the Buyer nor its affiliates has an open short position in
the Common Stock of the Company and, except as set forth below, the Buyer shall not, and shall not cause any of its affiliates
under common control with the Buyer, to engage in any short sale as defined in any applicable SEC or Financial Industry Regulatory
Authority (FINRA) rules on any hedging transactions with respect to the Common Stock until the earlier to occur of (i) the third
anniversary of the Closing Date and (ii) the Buyer(s) no longer own a principal balance of the Notes. Without limiting the foregoing,
the Buyer agrees not to engage in any naked short transactions in excess of the amount of shares owned (or an offsetting long position)
by the Buyer.

 

(u)          Regulation
FD. Each Buyer acknowledges and agrees that all of the information received by it in connection with the transactions contemplated
by this Agreement and the other Transactions is of a confidential nature and may be regarded as material non-public information
under Regulation FD promulgated by the SEC and that such information has been furnished to the Buyer for the sole purpose of enabling
the Buyer to consider and evaluate an investment in the Notes. The Buyer agrees that it will treat such information in a confidential
manner, will not use such information for any purpose other than evaluating an investment in the Notes, will not, directly or indirectly,
trade or permit the Buyer’s agents, representatives or affiliates to trade in any securities of the Company while in possession
of such information and will not, directly or indirectly, disclose or permit the Buyer’s agents, representatives or affiliates
to disclose any of such information without the Company’s prior written consent. The Buyer shall make its agents, affiliates
and representatives aware of the confidential nature of the information contained herein and the terms of this section including
the Buyer’s agreement to not disclose such information, to not trade in the Company’s securities while in the possession
of such information and to be responsible for any disclosure or other improper use of such information by such agents, affiliates
or representatives. Likewise, without the Company’s prior written consent, the Buyer will not, directly or indirectly, make
any statements, public announcements or other release or provision of information in any form to any trade publication, to the
press or to any other person or entity whose primary business is or includes the publication or dissemination of information related
to the transactions contemplated by this Agreement. In the event the Merger (or other business combination if such transaction
assumes a different corporate form) is not entered into, the Company acknowledges that the information covered by this Section
2(u) will no longer be deemed material, non public information under Regulation FD.

 

    	11

    	 

    

 

(v)         No
Legal Advice from the Company. Each Buyer acknowledges that it had the opportunity to review this Agreement and the transactions
contemplated by this Agreement with its own legal counsel and investment and tax advisors. Each Buyer is relying solely on such
Advisors and not on any statements or representations of the Company or any of its representatives or agents for legal, tax or
investment advice with respect to this investment, the transactions contemplated by this Agreement or the securities laws of any
jurisdiction.

 

(w)          No
Group Participation. Each Buyer and its affiliates is not a member of any group, nor is any Buyer acting in concert with any
other person, including any other Buyer, with respect to its acquisition of the Notes (and the Common Stock, including the Common
Stock underlying the Conversion Warrants and Conversion Unit Warrants).

 

(x)          Reliance.
Any information which the Buyer has heretofore furnished or is furnishing herewith to the Company or any Broker is complete and
accurate and may be relied upon by the Company and any Broker in determining the availability of an exemption from registration
under federal and state securities laws in connection with the offering of securities as described in the Transmittal Letter. The
Buyer further represents and warrants that it will notify and supply corrective information to the Company immediately upon the
occurrence of any change therein occurring prior to the Company’s issuance of the Notes. Within five (5) days after receipt
of a request from the Company or any Broker, the Buyer will provide such information and deliver such documents as may reasonably
be necessary to comply with any and all laws and ordinances to which the Company or any Broker is subject.

 

(y)          (For
ERISA plan Buyers only). The fiduciary of the ERISA plan represents that such fiduciary has been informed of and understands
the Company’s investment objectives, policies and strategies, and that the decision to invest “plan assets” (as
such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require diversification of plan assets
and impose other fiduciary responsibilities. The Buyer fiduciary or Plan (a) is responsible for the decision to invest in the Company;
(b) is independent of the Company or any of its affiliates; (c) is qualified to make such investment decision; and (d) in making
such decision, the Buyer fiduciary or Plan has not relied primarily on any advice or recommendation of the Company or any of its
affiliates;

 

    	12

    	 

    

 

(z)          [The
Buyer should check the Office of Foreign Assets Control (“OFAC”) website at http://www.treas.gov/ofac before making
the following representations.] The Buyer represents that the amounts invested by it in the Company in the Notes were not
and are not directly or indirectly derived from activities that contravene federal, state or international laws and regulations,
including anti-money laundering laws and regulations. Federal regulations and Executive Orders administered by OFAC prohibit,
among other things, the engagement in transactions with, and the provision of services to, certain foreign countries, territories,
entities and individuals. The lists of OFAC prohibited countries, territories, persons and entities can be found on the OFAC website
at http://www.treas.gov/ofac. In addition, the programs administered by OFAC (the “OFAC Programs”) prohibit dealing
with individuals1 or entities in certain countries regardless of whether such individuals or entities appear on the
OFAC lists;

 

(aa)         To
the best of the Buyer’s knowledge, none of: (1) the Buyer; (2) any person controlling or controlled by the Buyer; (3) if
the Buyer is a privately-held entity, any person having a beneficial interest in the Buyer; or (4) any person for whom the Buyer
is acting as agent or nominee in connection with this investment is a country, territory, individual or entity named on an OFAC
list, or a person or entity prohibited under the OFAC Programs. Please be advised that the Company may not accept any amounts from
a prospective investor if such prospective investor cannot make the representation set forth in the preceding paragraph. The Buyer
agrees to promptly notify the Company should the Buyer become aware of any change in the information set forth in these representations.
The Buyer understands and acknowledges that, by law, the Company may be obligated to “freeze the account” of the Buyer,
either by prohibiting additional subscriptions from the Buyer, declining any redemption requests and/or segregating the assets
in the account in compliance with governmental regulations, and a Broker may also be required to report such action and to disclose
the Buyer’s identity to OFAC. The Buyer further acknowledges that the Company may, by written notice to the Buyer, suspend
the redemption rights, if any, of the Buyer if the Company reasonably deems it necessary to do so to comply with anti-money laundering
regulations applicable to the Company or any Broker or any of the Company’s other service providers. These individuals include
specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo
programs;

 

(bb)         To
the best of the Buyer’s knowledge, none of: (1) the Buyer; (2) any person controlling or controlled by the Buyer; (3) if
the Buyer is a privately-held entity, any person having a beneficial interest in the Buyer; or (4) any person for whom the Buyer
is acting as agent or nominee in connection with this investment is a senior foreign political figure2, or
any immediate family3 member or close associate4 of a senior foreign political figure, as such
terms are defined in the footnotes below; and

 

 

		1	These individuals include
specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo
programs.

 

		2	A “senior foreign political figure” is defined as a senior
official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected
or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation.
In addition, a “senior foreign political figure” includes any corporation, business or other entity that has been formed
by, or for the benefit of, a senior foreign political figure.

 

		3	“Immediate family” of a senior foreign political figure
typically includes the figure’s parents, siblings, spouse, children and in-laws.

 

		4	A “close associate” of a senior foreign political figure
is a person who is widely and publicly known to maintain an unusually close relationship with the senior foreign political figure,
and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of
the senior foreign political figure.

 

    	13

    	 

    

 

(cc)         If
the Buyer is affiliated with a non-U.S. banking institution (a “Foreign Bank”), or if the Buyer receives deposits from,
makes payments on behalf of, or handles other financial transactions related to a Foreign Bank, the Buyer represents and warrants
to the Company that: (1) the Foreign Bank has a fixed address, other than solely an electronic address, in a country in which the
Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related to its banking
activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank to conduct banking
activities; and (4) the Foreign Bank does not provide banking services to any other Foreign Bank that does not have a physical
presence in any country and that is not a regulated affiliate.

 

3.           REPRESENTATIONS
AND WARRANTIES OF THE COMPANY.

 

The Company represents
and warrants to each of the Buyers that:

 

(a)          Organization
and Qualification. The Company is a corporation duly organized and validly existing in good standing under the laws of the
State of Nevada, and has the requisite corporate power to own its properties and to carry on its business as now being conducted.
The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the
nature of the business conducted by it makes such qualification necessary, except to the extent that the failure to be so qualified
or be in good standing would not have a Material Adverse Effect, as defined below. The Company has no subsidiaries.

 

(b)          Authorization,
Enforcement, Compliance with Other Instruments. (i) The Company has the requisite corporate power and authority to enter
into and perform this Agreement and the Escrow Agreement and all other documents necessary or desirable to effect the transactions
contemplated hereby (collectively the “Transaction Documents”) to which it is a party and to issue the Notes (and the
Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants) in accordance with the
terms hereof and thereof, (ii) the execution and delivery of the Transaction Documents by the Company and the consummation by it
of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Notes (and the Common
Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants) and the reservation for
issuance of the Conversion Shares have been duly authorized by the Company’s Board of Directors and no further consent or
authorization is required by the Company, its Board of Directors or its stockholders, (iii) the Transaction Documents will be duly
executed and delivered by the Company, (iv) the Transaction Documents when executed will constitute the valid and binding obligations
of the Company enforceable against the Company in accordance with their terms, except as such enforceability may be limited by
general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating
to, or affecting generally, the enforcement of creditors’ rights and remedies.

  

    	14

    	 

    

 

(c)          Capitalization.
The authorized capital stock of the Company consists of 100,000,000 shares of Common Stock and 10,000,000 shares of preferred stock,
$0.001 par value per share (“Preferred Stock”). In connection with the Transactions, the Company will increase its
authorized capitalization to 300,000,000 shares of Common Stock and 10,000,000 shares of blank check Preferred Stock. As of the
date hereof, the Company has 6,370,000 shares of Common Stock issued and outstanding (of which it is anticipated that 5,000,000
shares will be surrendered and retired in connection with the Split-Off) and no shares of Preferred Stock outstanding. All of such
outstanding shares have been duly authorized, validly issued and are fully paid and nonassessable. No shares of Common Stock are
subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by the Company. As
of May 8, 2012 and except as set forth on Schedule 3(c) or as contemplated by the Merger or PPO, (i) there are no outstanding options,
warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights
convertible into, any shares of capital stock of the Company, or contracts, commitments, understandings or arrangements by which
the Company is or may become bound to issue additional shares of capital stock of the Company or options, warrants, scrip, rights
to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares
of capital stock of the Company, (ii) there are no outstanding debt securities and (iii) there are no agreements or arrangements
under which the Company is obligated to register the sale of any of their securities under the Securities Act (except in connection
with the Merger and the PPO), and (iv) there are no outstanding registration statements and there are no outstanding comment letters
from the SEC or any other regulatory agency. There are no securities or instruments containing anti-dilution or similar provisions
that will be triggered by the issuance of the Notes as described in this Agreement. The Notes (and the Common
Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants) when issued, will be
free and clear of all pledges, liens, encumbrances and other restrictions (other than those arising under federal or state securities
laws as a result of the issuance of the Notes). No co-sale right, right of first refusal or other similar right exists with respect
to the Notes (or the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants)
or the issuance and sale thereof. The issue and sale of the Notes (and the Common Stock, including the Common Stock underlying
the Conversion Warrants and Conversion Unit Warrants) will not result in a right of any holder of Company securities to adjust
the exercise, exchange or reset price under such securities. The Company has made available to the Buyer true and correct copies
of the Company’s Articles of Incorporation, and as in effect on the date hereof (the “Articles of Incorporation”),
and the Company’s By-laws, as in effect on the date hereof (the “By-laws”), and the terms of all securities exercisable
for Common Stock and the material rights of the holders thereof in respect thereto other than stock options issued to employees
and consultants.

 

(d)          Issuance
of Securities. The Notes are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued,
fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Common
Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants, have been duly authorized
and reserved for issuance. Upon conversion in accordance with the Transaction Documents, the Common Stock, including the Common
Stock underlying the Conversion Warrants and Conversion Unit Warrants will be duly issued, fully paid and nonassessable.

 

    	15

    	 

    

 

(e)          No
Conflicts. The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the
Company of the transactions contemplated hereby will not (i) result in a violation of the Articles of Incorporation, any certificate
of designations of any outstanding series of preferred stock of the Company or the By-laws or (ii) violate or conflict with, or
result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both would become
a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture
or instrument to which the Company is a party, or result in a violation of any law, rule, regulation, order, judgment or decree
(including federal and state securities laws and regulations and the rules and regulations of the OTC Bulletin Board (the “OTCBB”)
on which the Common Stock is quoted) applicable to the Company or by which any property or asset of the Company is bound or affected
except for those which could not reasonably be expected to have a material adverse effect on the assets, business, condition (financial
or otherwise), results of operations or future prospects of the Company (a “Material Adverse Effect”). Except those
which could not reasonably be expected to have a Material Adverse Effect, the Company is not in violation of any term of or in
default under its Articles of Incorporation or By-laws. Except as set forth on Schedule 3(c) and except for those which could not
reasonably be expected to have a Material Adverse Effect, the Company is not in violation of any term of or in default under any
material contract, agreement, mortgage, indebtedness, indenture, instrument, judgment, decree or order or any statute, rule or
regulation applicable to the Company. The business of the Company is not being conducted, and
shall not be conducted in violation of any material law, ordinance, or regulation of any governmental entity. Except as specifically
contemplated by this Agreement and as required under the Securities Act and any applicable state securities laws, the Company is
not required to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental
agency in order for it to execute, deliver or perform any of its obligations under or contemplated by this Agreement or the Escrow
Agreement in accordance with the terms hereof or thereof. All consents, authorizations, orders, filings and registrations which
the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof.
The Company is unaware of any facts or circumstance, which might give rise to any of the foregoing.

 

    	16

    	 

    

 

(f)          SEC
Filings; Financial Statements. The Company has filed (and, except for certain Current Reports on Form 8-K, has timely filed
(subject to 12b-25 filings with respect to certain periodic filings)) all reports, schedules, forms, statements and other documents
required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) (all of the foregoing and all other documents filed with the SEC prior to the date hereof and
all exhibits included therein and financial statements and schedules thereto and documents incorporated by reference therein, being
hereinafter referred to herein as the “SEC Filings”). The SEC Filings are
available to the Buyers via the SEC’s EDGAR system. As of their respective dates, the SEC Filings complied in all material
respects with the requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder, and none of
the SEC Filings, at the time they were filed with the SEC, contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading. As of their respective dates, the audited financial statements of the Company included
in the Company’s SEC Filings for the period from inception on July 9, 2007, to September 30, 2011, and the subsequent unaudited
interim financial statements included in the Company’s SEC Filings (collectively, the “Financial Statements”)
complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of
the SEC with respect thereto. Such financial statements were prepared in accordance with generally accepted accounting principles,
consistently applied, during the periods involved (except (i) as may be otherwise indicated in such Financial Statements or the
notes thereto, or (ii) in the case of unaudited interim statements, to the extent they may exclude footnotes or may be condensed
or summary statements), and fairly present in all material respects the financial position of the Company as of the dates thereof
and the results of its operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal
year-end audit adjustments). As of the date hereof, there are no outstanding or unresolved comments in comment letters received
from the staff of the SEC with respect to any of the SEC Filings. No other information provided by or on behalf of the Company
to the Buyer including, without limitation, information referred to in this Agreement, contains any untrue statement of a material
fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under
which they were made, not misleading.

 

(g)          Absence
of Litigation. Except as set forth in the Company’s SEC filings, there is no action, suit, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending against or affecting the
Company or the Common Stock, wherein an unfavorable decision, ruling or finding would (i) adversely affect the validity or enforceability
of, or the authority or ability of the Company to perform its obligations under, this Agreement or any of the documents contemplated
herein, or (ii) have a Material Adverse Effect.

 

(h)          Acknowledgment
Regarding Buyer’s Purchase of the Notes. The Company acknowledges and agrees that each Buyer is acting solely in the
capacity of an arm’s length purchaser with respect to this Agreement and the transactions contemplated hereby. The Company
further acknowledges that each Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity)
with respect to this Agreement and the transactions contemplated hereby and any advice given by such Buyer or any of their respective
representatives or agents in connection with this Agreement and the transactions contemplated hereby is merely incidental to such
Buyer’s purchase of the Notes (and the Conversion Shares). The Company further represents to the Buyers that the Company’s
decision to enter into this Agreement has been based solely on the independent evaluation by the Company and its representatives.

 

(i)          No
General Solicitation. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has engaged
in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer or
sale of the Notes (or the Conversion Shares).

 

(j)          No
Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf has, directly
or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would
require registration of the Notes under the Securities Act or cause this offering of the Notes to be integrated with prior offerings
by the Company for purposes of the Securities Act.

 

    	17

    	 

    

 

(k)          Employee
Relations. The Company is not involved in any labor dispute nor, to the knowledge of the Company, is any such dispute threatened.
The Company has no employees.

 

(l)          Intellectual
Property Rights. The Company has no proprietary intellectual property. The Company has not received any notice of infringement
of, or conflict with, the asserted rights of others with respect to any intellectual property that it utilizes.

 

(m)        Environmental
Laws.

 

(i)          The
Company has complied with all applicable Environmental Laws (as defined below), except for violations of Environmental Laws that,
individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect. There is
no pending or, to the knowledge of the Company, threatened civil or criminal litigation, written notice of violation, formal administrative
proceeding, or investigation, inquiry or information request, relating to any Environmental Law involving the Company, except for
litigation, notices of violations, formal administrative proceedings or investigations, inquiries or information requests that,
individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect. For purposes
of this Agreement, “Environmental Law” means any federal, state or local law, statute, rule or regulation or the common
law relating to the environment or occupational health and safety, including without limitation any statute, regulation, administrative
decision or order pertaining to (i) treatment, storage, disposal, generation and transportation of industrial, toxic or hazardous
materials or substances or solid or hazardous waste; (ii) air, water and noise pollution; (iii) groundwater and soil contamination;
(iv) the release or threatened release into the environment of industrial, toxic or hazardous materials or substances, or solid
or hazardous waste, including without limitation emissions, discharges, injections, spills, escapes or dumping of pollutants, contaminants
or chemicals; (v) the protection of wild life, marine life and wetlands, including without limitation all endangered and threatened
species; (vi) storage tanks, vessels, containers, abandoned or discarded barrels, and other closed receptacles; (vii) health and
safety of employees and other persons; and (viii) manufacturing, processing, using, distributing, treating, storing, disposing,
transporting or handling of materials regulated under any law as pollutants, contaminants, toxic or hazardous materials or substances
or oil or petroleum products or solid or hazardous waste. As used above, the terms “release” and “environment”
shall have the meaning set forth in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended
(“CERCLA”).

 

(ii)         To
the knowledge of the Company there is no material environmental liability with respect to any solid or hazardous waste transporter
or treatment, storage or disposal facility that has been used by the Company.

 

(iii)        The
Company (i) has received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct
its business and (ii) is in compliance with all terms and conditions of any such permit, license or approval.

 

    	18

    	 

    

 

(n)          Title.
The Company does not own or lease any real or personal property.

 

(o)          Internal
Accounting Controls. The Company is in material compliance with
the provisions of the Sarbanes-Oxley Act of 2002 currently applicable to the Company. The Company maintains a system of
internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s
general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in
conformity with generally accepted accounting principles and to maintain asset accountability, and (iii) the recorded amounts for
assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

 

(p)          No
Material Adverse Breaches, etc. Except as set forth in the SEC Filings, the Company is not subject to any charter, corporate
or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers
has or is expected in the future to have a Material Adverse Effect. Except as set forth in the SEC Filings, the Company is not
in breach of any contract or agreement which breach, in the judgment of the Company’s officers, has or is expected to have
a Material Adverse Effect.

 

(q)          Tax
Status. The Company has made and filed all federal and state income and all other tax returns, reports and declarations required
by any jurisdiction to which it is subject and (unless and only to the extent that the Company has set aside on its books provisions
reasonably adequate for the payment of all unpaid and unreported taxes) has paid all taxes and other governmental assessments and
charges that are material in amount, shown or determined to be due on such returns, reports and declarations, except those being
contested in good faith and has set aside on its books provision reasonably adequate for the payment of all taxes for periods subsequent
to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to
be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.

 

(r)          Certain
Transactions. Except as set forth in the SEC Filings, and except for arm’s length transactions pursuant to which the
Company makes payments in the ordinary course of business upon terms no less favorable than the Company could obtain from third
parties, none of the officers, directors, or employees of the Company is presently a party to any transaction with the Company
(other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing
for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments
to or from any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership, trust or other
entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner.

 

(s)          Rights
of First Refusal. The Company is not obligated to offer the securities offered hereunder on a right of first refusal basis
or otherwise to any third parties including, but not limited to, current or former stockholders of the Company, underwriters, brokers,
agents or other third parties.

 

    	19

    	 

    

 

(t)          Reliance.
The Company acknowledges that the Buyers are relying on the representations and warranties made by the Company hereunder and that
such representations and warranties are a material inducement to the Buyer purchasing the Notes. The Company further acknowledges
that without such representations and warranties of the Company made hereunder, the Buyers would not enter into this Agreement.

 

(u)          Brokers’
Fees. The Company does not have any liability or obligation to pay any fees or commissions to any broker, finder or agent with
respect to the transactions contemplated by this Agreement, except for the payment of the Brokers’ Fees to the Brokers, as
described above.

 

4.           COVENANTS.

 

(a)          Best
Efforts. Each party shall use its best efforts timely to satisfy each of the conditions to be satisfied by it as provided in
Sections 5 and 6 of this Agreement.

 

(b)          Form
D. The Company agrees to file a Form D with respect to the offer and sale of the Notes as required under Regulation D. The
Company shall, on or before the Closing Date, take such action as the Company shall reasonably determine is necessary to qualify
the Notes (and the Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants), or
obtain an exemption for the Notes (and the Common Stock, including the Common Stock underlying the Conversion
Warrants and Conversion Unit Warrants) for sale to the Buyers at the Closing pursuant to this Agreement under applicable
securities or “Blue Sky” laws of the states of the United States, and shall provide evidence of any such action so
taken to the Buyers on or prior to the Closing Date.

 

(c)          Reporting
Status. Until the date on which (A) the Buyer(s) shall have sold all the Common Stock, including
the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants and (B) none of the Notes are outstanding,
the Company shall file in a timely manner (or, with respect to Form 8-K reports, shall use its reasonable commercial efforts to
file in a timely manner) all reports required to be filed with the SEC pursuant to the Exchange Act, and the regulations of the
SEC thereunder, and the Company shall not terminate its status as an issuer required to file reports under the Exchange Act even
if the Exchange Act or the rules and regulations thereunder would otherwise permit such termination.

 

(d)          Use
of Proceeds. The Company shall use 100% of the net proceeds from the sale of the Notes (after deducting Brokers’ Fees,
fees and expenses payable to Gottbetter & Partners, LLP and fees payable to the Escrow Agent) to make the Bridge Loan to Newco.
The principal amount of the Bridge Loan shall equal the gross proceeds from the sale of the Notes.

 

(e)          Company
Notes. In conjunction with the closing of the Merger and the Minimum PPO, the Company Notes referenced in Schedule 3(c) hereof,
will either be cancelled or will be spun off to the Split-Off Subsidiary in the Split-Off.

 

(f)          Listings
or Quotation. The Company shall use its best efforts to maintain the listing or quotation of its Common Stock upon the OTC
Bulletin Board.

 

    	20

    	 

    

 

(g)          Corporate
Existence. So long as any of the Notes remain outstanding, the Company shall not directly or indirectly consummate any merger,
reorganization, restructuring, reverse stock split consolidation, sale of all or substantially all of the Company’s assets,
enter into a change of control transaction, or any similar transaction or related transactions (each such transaction, an “Organizational
Change”), other than the Name Change, the Split-Off, the PPO, and the Merger, unless, prior to the consummation of an Organizational
Change, the Company obtains the written consent of each Buyer. In any such case, the Company will make appropriate provision with
respect to such holders’ rights and interests to insure that the provisions of this Section 4(g) will thereafter be applicable
to the Notes. The provisions of this Section 4(g) shall be inapplicable with respect to any Organizational Change, including the
Name Change, the Split-Off, and the PPO, if any, effected in connection with the Merger.

 

(h)          Resales
Absent Effective Registration Statement. Each of the Buyers understands and acknowledges that (i) this Agreement and the agreements
contemplated hereby may require the Company to issue and deliver the Common Stock, including the Common
Stock underlying the Conversion Warrants and Conversion Unit Warrants to the Buyers with legends restricting their transferability
under the Securities Act, and (ii) it is aware that resales of such Common Stock, including the Common
Stock underlying the Conversion Warrants and Conversion Unit Warrants may not be made unless, at the time of resale, there
is an effective registration statement under the Securities Act covering such Buyer’s resale(s) or an applicable exemption
from registration.

 

(i)          [RESERVED]

 

(j)          Disclosure
of Information in Form 8-K.  Company will disclose in a Form 8-K filed with the SEC within 4 business days of closing
the Merger (or business combination if such transaction assumes a different corporate form) all of the confidential information
provided to Buyers as described in Section 2(u) of this Agreement so that Buyers will not be privy to any confidential information
not made generally available to the public (it being understood that information not disclosed in the Form 8-K filing will no longer
be deemed material non-public information under Regulation FD).

 

5.           CONDITIONS
TO THE COMPANY’S OBLIGATION TO SELL.

 

The obligation of the
Company hereunder to issue and sell the Notes to the Buyer(s) at the Closing is subject to the satisfaction, at or before the Closing
Date, of each of the following conditions, provided that these conditions are for the Company’s sole benefit and may be waived
by the Company at any time in its sole discretion:

 

(a)          Each
Buyer shall have executed this Agreement and completed and executed the Investor Certification and the Investor Profile and delivered
them to the Company.

 

(b)          The
Buyer(s) shall have delivered to the Escrow Agent the Purchase Price for Notes in respective amounts as set forth on the signature
page(s) affixed hereto and the Escrow Agent shall have delivered the net proceeds to the Company by wire transfer of immediately
available U.S. funds pursuant to the wire instructions provided by the Company.

 

    	21

    	 

    

 

(c)          The
representations and warranties of the Buyer(s) contained in this Agreement shall be true and correct in all material respects as
of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak
as of a specific date), and the Buyer(s) shall have performed, satisfied and complied in all material respects with the covenants,
agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Buyer(s) at or prior to
the Closing Date.

 

6.           CONDITIONS
TO THE BUYER’S OBLIGATION TO PURCHASE.

 

(a)          The
obligation of the Buyer(s) hereunder to purchase the Notes at the Closing is subject to the satisfaction, at or before the Closing
Date, of each of the following conditions:

 

(i)          The
Company shall have entered into a security agreement of even date herewith substantially in the form attached as Exhibit D
to this Agreement (the “Company Security Agreement”) with Gottbetter & Partners, LLP, as collateral agent (the
“Collateral Agent”), pursuant to which the Company shall have granted and conveyed to the Buyers a first priority security
interest in all of the tangible and intangible assets of the Company relating to Newco or the Transactions (including the Bridge
Loan Agreement, the Newco Note, the Newco Pledge Agreement and the Newco Security Agreement (each as defined below)), now owned
or hereafter acquired by the Company, as security for the full and timely repayment of the Notes in accordance with the terms of
the Notes.

 

(ii)         Newco
shall have executed and delivered to the Company a bridge loan agreement, substantially in the form attached as Exhibit E
to this Agreement (the “Bridge Loan Agreement”) and a secured promissory note substantially in the form attached to
the Bridge Loan Agreement (the “Newco Note”) in the face amount of at least One Million Five Hundred Thousand Dollars
($1,500,000), each of even date herewith.

 

(iii)        Those
stockholders of Newco listed on Schedule 1 to the Newco Pledge Agreement (defined below) (the “Pledgors”) beneficially
owning in the aggregate 100,000 shares of the capital stock of Newco, representing all of the issued and outstanding shares of
Newco (the “Newco Control Shares”) shall have entered into a pledge and escrow agreement of even date herewith, substantially
in the form attached as Exhibit F to this Agreement (the “Newco Pledge Agreement”) with the Collateral Agent,
pursuant to which the Pledgors shall have pledged to, and deposited with, the Collateral Agent the Newco Control Shares, for the
benefit of the “Buyers”, as security for the full and timely repayment of the Notes.

 

(iv)        Newco
shall have entered into a security agreement of even date herewith substantially in the form attached as Exhibit G to this
Agreement (the “Newco Security Agreement”) with the Company, pursuant to which Newco shall have granted and conveyed
to the Collateral Agent, for the benefit of the Buyers, a first priority security interest in all of the tangible and intangible
assets of Newco now owned or hereafter acquired by Newco, as security for the full and timely repayment of the Notes in accordance
with the terms of the Notes.

 

    	22

    	 

    

 

(v)         The
representations and warranties of the Company contained in this Agreement shall be true and correct in all material respects (except
to the extent that any of such representations and warranties is already qualified as to materiality in Section 3 above, in which
case, such representations and warranties shall be true and correct without further qualification) as of the date when made and
as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date)
and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Company
shall have obtained any and all consents, permits, approvals, registrations and waivers necessary or appropriate for consummation
of the purchase and sale of the Notes, all of which shall be in full force and effect. The Buyers shall have received a certificate,
executed by the President of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as
may be reasonably requested by the Buyers, including, without limitation, an update as of the Closing Date regarding the representation
contained in Section 3(c) above.

 

(vi)        The
Company shall have executed and delivered to the Buyers the Notes in the respective amounts set forth on the Buyer Omnibus Signature
Pages affixed hereto and the Disbursement of Funds Memorandum.

 

(vii)       [RESERVED]

 

(viii)      The
Company shall have delivered to the Buyers a certificate, executed on behalf of the Company by its Secretary, dated as of the Closing
Date, certifying the resolutions adopted by the Board of Directors of the Company approving the transactions contemplated by this
Agreement and the issuance of the Notes and the Common Stock, including the Common Stock underlying the Conversion Warrants and
Conversion Unit Warrants, certifying the current versions of the Articles of Incorporation and By-laws of the Company and certifying
as to the signatures and authority of persons signing this Agreement on behalf of the Company. The foregoing certificate shall
only be required to be delivered on the first Closing Date, unless any information contained in the certificate has changed.

 

(ix)         The
Buyer(s) shall have received opinions from the Company’s and Newco’s legal counsels, dated as of the Closing Date,
in substantially the forms of Exhibits H-1 and H-2 attached hereto.

 

(x)          Newco
and the Pledgors shall have performed and complied in all material respects with all agreements, covenants and conditions to closing
required to be performed and complied by it or them under the Bridge Loan Agreement, the Newco Note, the Newco Pledge Agreement
and the Newco Security Agreement, unless such agreements, covenants and conditions have been waived by the Company.

 

(b)          Indemnification
of Buyers. In consideration of the Buyer’s execution and delivery of this Agreement and acquiring the Notes (and the
Common Stock, including the Common Stock underlying the Conversion Warrants and Conversion Unit Warrants) hereunder, and in addition
to all of the Company’s other obligations under this Agreement, the Company shall defend, protect, indemnify and hold harmless
the Buyer(s) and each other holder of the Notes (and the Common Stock, including the Common Stock underlying the Conversion Warrants
and Conversion Unit Warrants), and all of their officers, directors, employees and agents (including, without limitation,
those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Buyer Indemnitees”)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Buyer Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”),
incurred by the Buyer Indemnitees or any of them as a result of, or arising out of, or relating to (a) any material breach of any
covenant, agreement or obligation of the Company contained in this Agreement, or (b) any cause of action, suit or claim brought
or made against such Buyer Indemnitee and arising out of or resulting from the execution, delivery, performance or enforcement
of this Agreement by any of the Buyer Indemnitees. To the extent that the foregoing undertaking by the Company may be unenforceable
for any reason, the Company shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities,
which is permissible under applicable law.

 

    	23

    	 

    

 

(c)          Authority
of Collateral Agent. Each Buyer hereby irrevocably appoints, designates and authorizes the Collateral Agent to take such action
on its behalf under the provisions of the Company Security Agreement, the Newco Pledge Agreement and the Newco Security Agreement
(collectively, the “Collateral Agreements”) and to exercise such powers and perform such duties as are expressly delegated
to it by the terms of the Collateral Agreements, together with such powers as are reasonably incidental thereto, and grants and
affirms the immunities and indemnities provided to the Collateral Agent Related Persons (as defined below) and its affiliates in
each of the Collateral Agreements. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any
of the Collateral Agreements, the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth
in the Collateral Agreements, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be
read into this Agreement or any of the Collateral Agreements or otherwise exist against the Collateral Agent.
Each Buyer acknowledges that none of the Collateral Agent Related Persons has made any representation or warranty to it,
and that no act by the Collateral Agent hereinafter taken, including any review of the affairs of the Company or Newco, shall be
deemed to constitute any representation or warranty by any Collateral Agent-Related Person to any Buyer. Each Buyer represents
to the Collateral Agent that it has, independently and without reliance upon any Collateral Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of the Company and Newco and made its own decision to
enter into this Agreement and to invest in the Notes. Each Buyer also represents that it will, independently and without reliance
upon any Collateral Agent Related Person and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the
other Transaction Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects,
operations, property, financial and other condition and creditworthiness of the Company and Newco. Except for notices, reports
and other documents expressly herein required to be furnished to the Buyers by the Collateral Agent, the Collateral Agent shall
not have any duty or responsibility to provide any Buyer with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of the Company which may come into the possession of any
of the Collateral Agent Related Persons. “Collateral Agent Related Persons” means the Collateral Agent and any successor
agent arising hereunder, together with their respective affiliates, and the officers, directors, employees, agents and attorneys-in-fact
of such persons and affiliates.

 

    	24

    	 

    

 

7.           [RESERVED]

 

8.           CONFLICT
WAIVER.

 

The Buyers hereby
acknowledge that the Collateral Agent is counsel to the Company in connection with the transactions contemplated and referred to
herein. The Buyers further acknowledge that Adam S. Gottbetter is the owner of Gottbetter & Partners, LLP and Gottbetter Capital
Markets, LLC and that Adam S. Gottbetter beneficially owns shares in the Company. The Buyers agree that in the event of any dispute
arising in connection with this Agreement, the Pledge Agreement or otherwise in connection with any transaction or agreement contemplated
and referred herein, the Collateral Agent shall be permitted to continue to represent the Company, and the Buyers will not seek
to disqualify such counsel and waive any objection the Buyers might have with respect to the Collateral Agent acting as the Collateral
Agent pursuant to this Agreement and the Pledge Agreement.

 

9.           GOVERNING
LAW: MISCELLANEOUS.

 

(a)          Governing
Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York without regard
to the principles of conflict of laws. The parties further agree that any action between them shall be heard exclusively in federal
or state court sitting in the New York County, New York, and expressly consent to the jurisdiction and venue of the Supreme Court
of New York, sitting in New York County and the United States District Court for the Southern District of New York for the adjudication
of any civil action asserted pursuant to this paragraph.

 

(b)          Counterparts.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event any
signature page is delivered by facsimile transmission, the party using such means of delivery shall cause four (4) additional original
executed signature pages to be physically delivered to the other party within five (5) days of the execution and delivery hereof.

 

(c)          Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

(d)          Severability.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.

 

(e)          Entire
Agreement, Amendments. This Agreement supersedes all other prior oral or written agreements between the Buyer(s), the Company,
their affiliates and persons acting on their behalf with respect to the matters discussed herein (including any term sheet), and
this Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters
covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor any Buyer makes any
representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or
amended other than by an instrument in writing signed by the party to be charged with enforcement.

 

    	25

    	 

    

 

(f)          Notices.
Any notices, consents, waivers, or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon confirmation of
receipt, when sent by facsimile; (iii) upon receipt when sent by U.S. certified mail, return receipt requested, or (iv) one (1)
day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive
the same. The addresses and facsimile numbers for such communications shall be:

 

	If to the Company, to:	Max Cash Media, Inc.
	 	
        50 Brompton Road, Apt. 1X

        Great Neck, NY 11021

	 	Attention:   Noah Levinson, Chief Executive Officer
	 	Facsimile:
	 	 
	With a copy to:	Gottbetter & Partners, LLP
	 	488 Madison Avenue, 12th Floor
	 	New York, New York  10022
	 	Attention:    Adam S. Gottbetter, Esq.
	 	Telephone:  (212) 400-6900
	 	Facsimile:    (212) 400-6901

 

If to the Buyer(s),
to its address and facsimile number set forth on the Buyer Omnibus Signature Page affixed hereto. Each party shall provide five
(5) days’ prior written notice to the other party of any change in address or facsimile number.

 

(g)          Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. No party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other
party hereto.

 

(h)          No
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

(i)          Survival.
Unless this Agreement is terminated under Section 9(l), the representations and warranties of the Company and the Buyer(s) contained
in Sections 2 and 3, the agreements and covenants set forth in Sections 4, 5 and 9, and the indemnification provisions set forth
in Section 6, shall survive the Closing for a period of two (2) years following the date on which the Notes are repaid in full.
The Buyer(s) shall be responsible only for its own representations, warranties, agreements and covenants hereunder.

 

    	26

    	 

    

 

(j)          Publicity.
The Company shall have the right to approve, before issuance any press release or any other public statement with respect to the
transactions contemplated hereby made by any other party; and the Company shall be entitled, without the prior approval of any
Buyer, to issue any press release or other public disclosure with respect to such transactions required under applicable securities
or other laws or regulations or as it otherwise deems appropriate.

 

(k)          Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

(l)          Termination.
In the event that the Closing shall not have occurred with respect to the Buyers on or before five (5) business days from the date
hereof due to the Company’s or the Buyer’s failure to satisfy the conditions set forth in Sections 5 and 6 above (and
the non-breaching party’s failure to waive such unsatisfied condition(s)), the non-breaching party shall have the option
to terminate this Agreement with respect to such breaching party at the close of business on such date without liability of any
party to any other party.

 

(m)          No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

(n)          Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Buyer
and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and hereby
agree to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

 

(o)          ANTI
MONEY LAUNDERING REQUIREMENTS

 

	The USA PATRIOT Act	 	What is money
 laundering?	 	How big is the problem
 and why is it important?
	
         

        The USA PATRIOT Act is designed to detect, deter, and punish
        terrorists in the United States and abroad. The Act imposes new anti-money laundering requirements on brokerage firms and financial
        institutions. Since April 24, 2002, all brokerage firms have been required to have new, comprehensive anti-money laundering programs.

         

        To help you understand these efforts, we want to provide you
        with some information about money laundering and our steps to implement the USA PATRIOT Act.
	 	
         

        Money laundering is the process of disguising illegally obtained
        money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide
        variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering, and terrorism.
	 	
         

        The use of the U.S. financial system by criminals to facilitate
        terrorism or other crimes could well taint our financial markets. According to the U.S. State Department, one recent estimate puts
        the amount of worldwide money laundering activity at $1 trillion a year.

  

    	27

    	 

    

 

	What are we required to do to eliminate money laundering?
	
         

        Under new rules required by the USA PATRIOT Act, our anti-money
        laundering program must designate a special compliance officer, set up employee training, conduct independent audits, and establish
        policies and procedures to detect and report suspicious transaction and ensure compliance with the new laws.
	 	
         

        As part of our required program, we may ask you to provide various
        identification documents or other information. Until you provide the information or documents we need, we may not be able to effect
        any transactions for you.

  

(p)          Omnibus
Signature Page. This Agreement is intended to be read and construed in conjunction with the Registration Rights Agreement.
Accordingly, pursuant to the terms and conditions of this Agreement and such related agreements, it is hereby agreed that the execution
by the Buyer of this Agreement, in the place set forth on the Buyer Omnibus Signature Page below, shall constitute agreement to
be bound by the terms and conditions hereof and the terms and conditions of the Registration Rights Agreement, with the same effect
as if each of such separate but related agreement were separately signed.

 

[REMAINDER
PAGE INTENTIONALLY LEFT BLANK]

 

    	28

    	 

    

 

IN WITNESS WHEREOF,
the Buyers and the Company have caused this Securities Purchase Agreement to be duly executed as of the date first written above.

 

	 	COMPANY:
	 	Max Cash Media, Inc.
	 	 
	 	By:
	 	 
	 	Name: Noah Levinson
	 	Title:  President

 

	 	
        BUYERS:

         

        The Buyers executing the Buyer Omnibus
        Signature Page in the form attached hereto as Annex A and delivering the same to the Company or its agents shall be deemed
        to have executed this Agreement and agreed to the terms hereof.

  

    	 

    	 

    

 

To subscribe for Notes in the private
offering of Max Cash Media, Inc.:

 

		1.	Date and Fill in the principal amount of Notes being purchased and Complete and Sign
the Buyer Omnibus Signature Page of the Securities Purchase Agreement, attached as Annex A.

 

		2.	Initial the Investor Certification attached as Annex B.

 

		3.	Complete and Sign the Investor Profile attached as Annex C.

 

		4.	Complete and Sign the Anti-Money Laundering Information Form attached as Annex D.

 

		5.	Fax or email all forms and then send all signed original documents to:

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th
Floor

New York, NY 10022

Facsimile Number: 212.400.6901

Telephone Number: 212.400.6900

Attention: Kathleen L. Rush

Email: klr@gottbetter.com

 

		6.	If you are paying the Purchase Price by check, a check for the exact dollar amount of the
Purchase Price for the principal amount of Notes you are offering to purchase should be made payable to the order of “CSC
Trust Company of Delaware, as Escrow Agent for Max Cash Media, Inc.” and should be sent to CSC Trust Company of Delaware,
2711 Centerville Road, One little Falls Centre, Wilmington, DE 19808, Attention: Alan R. Halpern.

 

		7.	If you are paying the Purchase Price by wire transfer, you should send a wire transfer for
the exact dollar amount of the Purchase Price of the principal amount of Notes you are offering to purchase according to the following
instructions:

 

	Bank Name:	PNC Bank
	 	300 Delaware Avenue
	 	Wilmington, DE 19899
	ABA Routing Number:	031100089
	Account Name:	CSC Trust Company of Delaware
	Account Number:	5605012373
	Reference:	Max Cash Media, Inc.; 79-1730; [insert Purchaser’s name]
	Escrow Agent Contact:	Alan R. Halpern

  

    	 

    	 

    

 

ANNEX A

 

Buyer
Omnibus Signature Page

to

Securities Purchase Agreement and

Registration Rights Agreement

 

The undersigned, desiring to: (i) enter
into the Securities Purchase Agreement, dated as of _______________1, 2012 (the “Securities Purchase Agreement”),
between the undersigned, Max Cash Media, Inc., a Nevada corporation (the “Company”),
and the other parties thereto, in or substantially in the form furnished to the undersigned, (ii) enter into the Registration
Rights Agreement (the “Registration Rights Agreement”), between the undersigned,
the Company, and the other parties thereto, in or substantially in the form furnished
to the undersigned and (iii) purchase the Notes of the Company as set forth below, hereby agrees to purchase such Notes from the
Company and further agrees to join the Securities Purchase Agreement and the Registration Rights Agreement as a party thereto,
with all the rights and privileges appertaining thereto, and to be bound in all respects by the terms and conditions thereof.
The undersigned specifically acknowledges having read the representations section in the Securities Purchase Agreement entitled
“Buyer’s Representations and Warranties,” and hereby represents that the statements contained therein are complete
and accurate with respect to the undersigned as a Buyer.

 

The Buyer hereby elects to purchase $____________
principal amount of Notes (to be completed by the Buyer) under the Securities Purchase Agreement.

 

	BUYER (individual)	 	BUYER (entity)
	 	 	 
	 	 	 
	Signature	 	Name of Entity
	 	 	 
	 	 	 
	Print Name	 	Signature
	 	 	 
	 	 	Print Name:	 
	Signature (if Joint Tenants or Tenants in Common)	 	 
	 	 	Title:	 
	 	 	 
	Address of Principal Residence:	 	Address of Executive Offices:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Social Security Number(s):	 	IRS Tax Identification Number: 
	 	 	 
	 	 	 
	Telephone Number:	 	Telephone Number: 
	 	 	 
	 	 	 
	Facsimile Number:	 	Facsimile Number: 
	 	 	 
	 	 	 
	E-mail Address:	 	E-mail Address:
	 	 	 

 

 

1 Will reflect
the Closing Date. Not to be completed by Buyer.  

 

    	 

    	 

    

 

ANNEX B

 

MAX CASH MEDIA, INC.

INVESTOR CERTIFICATION

 

For Individual Accredited Investors Only

(all Individual Accredited Investors
must INITIAL where appropriate):

 

	Initial _______	I have a net worth of at least $1 million either individually or through aggregating my individual holdings and those in which I have a joint, community property or other similar shared ownership interest with my spouse. The net value of an individual’s primary residence must be excluded from the calculation of “net worth” for purposes of this calculation.
	Initial _______	I have had an annual gross income for the past two years of at least $200,000 (or $300,000 jointly with my spouse) and expect my income (or joint income, as appropriate) to reach the same level in the current year.
	Initial _______	I am a director or executive officer of Max Cash Media, Inc.

 

For Non-Individual
Accredited Investors

(all Non-Individual
Accredited Investors must INITIAL where appropriate):

 

	Initial _______	The investor certifies that it is a partnership, corporation, limited liability company or business trust that is 100% owned by persons who meet at least one of the criteria for Individual Investors set forth above.
	Initial _______	The investor certifies that it is a partnership, corporation, limited liability company or business trust that has total assets of at least $5 million and was not formed for the purpose of investing the Company.
	Initial _______	The investor certifies that it is an employee benefit plan whose investment decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is a bank, savings and loan association, insurance company or registered investment advisor.
	Initial _______	The investor certifies that it is an employee benefit plan whose total assets exceed $5,000,000 as of the date of this Agreement.
	Initial _______	The undersigned certifies that it is a self-directed employee benefit plan whose investment decisions are made solely by persons who meet at least one of the criteria for Individual Investors.
	Initial _______	The investor certifies that it is a U.S. bank, U.S. savings and loan association or other similar U.S. institution acting in its individual or fiduciary capacity.
	Initial _______	The undersigned certifies that it is a broker-dealer registered pursuant to §15 of the Securities Exchange Act of 1934.
	Initial _______	The investor certifies that it is an organization described in §501(c)(3) of the Internal Revenue Code with total assets exceeding $5,000,000 and not formed for the specific purpose of investing in the Company.
	Initial _______	The investor certifies that it is a trust with total assets of at least $5,000,000, not formed for the specific purpose of investing in the Company, and whose purchase is directed by a person with such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment.
	Initial _______	The investor certifies that it is a plan established and maintained by a state or its political subdivisions, or any agency or instrumentality thereof, for the benefit of its employees, and which has total assets in excess of $5,000,000.
	Initial _______	The investor certifies that it is an insurance company as defined in §2(13) of the Securities Act of 1933, or a registered investment company.

 

 

    	 

    	 

    

 

For Non-U.S.
Person Investors

 

(all Investors who are not a U.S. Person
must INITIAL this section):

 

	Initial _______	The investor is not a “U.S. Person” as defined in Regulation S; and specifically the investor is not:
	 	 
	A.	a natural person resident in the United States of America, including its territories and possessions (“United States”);
	 	 
	B.	a partnership or corporation organized or incorporated under the laws of the United States;
	 	 
	C.	an estate of which any executor or administrator is a U.S. Person;
	 	 
	D.	a trust of which any trustee is a U.S. Person;
	 	 
	E.	an agency or branch of a foreign entity located in the United States;
	 	 
	F.	a non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
	 	 
	G.	a discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; or
	 	 
	H.	a partnership or corporation: (i) organized or incorporated under the laws of any foreign jurisdiction; and (ii) formed by a U.S. Person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts.

 

And, in
addition:

 

	I.	the investor was not offered the securities in the United States;
	 	 
	J.	at the time the buy-order for the securities was originated, the investor was outside the United States; and
	 	 
	K.	the investor is purchasing the securities for its own account and not on behalf of any U.S. Person (as defined in Regulation S) and a sale of the securities has not been pre-arranged with a purchaser in the United States.

 

 

    	 

    	 

    

 

MAX CASH MEDIA, INC.

Investor Profile

 (Must be completed by Investor)

 

Section A - Personal Investor Information

 

	Investor Name(s):	 
	Individual executing Profile or Trustee:	 
	Social Security Numbers / Federal I.D. Number:	 
	Date of Birth:	 	 	 	Marital Status:	 	 
	Joint Party Date of Birth:	 	 	 	Investment Experience (Years):	 	 
	Annual Income:	 	 	 	Liquid Net Worth:	 	 
	Net Worth (excluding value of primary residence):	 
	Tax Bracket:	 	 	15% or below	 	 	25% - 27.5%	 	 	Over 27.5%
	 	 
	Home Street Address:	 
	Home City, State & Zip Code:	 
	Home Phone:	 	  Home Fax:	 	  Home Email:	 
	Employer:	 
	Employer Street Address:	 
	Employer City, State & Zip Code:	 
	Bus. Phone:	 	  Bus. Fax:	 	  Bus. Email:	 
	Type of Business:	 
	(PLACEMENT AGENT) Account Executive / Outside Broker/Dealer:
	 
	If you are a United States citizen,
    please list the number and jurisdiction of issuance of any other government-issued document evidencing residence and bearing
    a photograph or similar safeguard (such as a driver’s license or passport), and provide a photocopy of each of the documents
    you have listed.
	 
	If you are NOT a United States citizen, for each
    jurisdiction of which you are a citizen or in which you work or reside, please list (i) your passport number and country of
    issuance or (ii) alien identification card number AND (iii) number and country of issuance of any other government-issued
    document evidencing nationality or residence and bearing a photograph or similar safeguard, and provide a photocopy of each
    of these documents you have listed.  These photocopies must be certified by a lawyer as to authenticity. 
	 
	 
	Section
    B – Certificate Delivery Instructions
	 
	 	 	Please deliver certificate to the Employer Address listed in Section A.
	 	 	Please deliver certificate to the Home Address listed in Section A.
	 	 	Please deliver certificate to the following address:	 
	 
	Section
    C – Form of Payment – Check or Wire Transfer
	 
	 	 	Check payable to CSC Trust Company of Delaware , as Escrow Agent for Max Cash
    Media, Inc.
	 	 	Wire funds from my outside account according to Section 1(a) of the Securities
    Purchase Agreement.
	 	 	The funds for this investment are rolled over, tax deferred from __________
    within the allowed 60 day window.
	 
	Please check if you are a FINRA member or affiliate of a FINRA member firm:
    ________
	 
	 	 	 
	Investor Signature	 	Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    	 

    	 

    

 

ANNEX D

 

 

MEMBER: FINRA, SIPC

 

ANTI-MONEY LAUNDERING INFORMATION FORM

The following is required in accordance
with the AML provision of the USA PATRIOT ACT.

 (Please fill out and return with
requested documentation.)

 

	INVESTOR NAME:	 
	 	 
	LEGAL ADDRESS:	 
	 	 
	 	 
	SSN# or TAX ID#	 
	OF INVESTOR:	 

 

FOR INVESTORS WHO ARE INDIVIDUALS: 

 

	YEARLY INCOME:	 	AGE:	 

 

	NET WORTH (excluding value of primary residence):	 

 

	OCCUPATION:	 
	 	 
	ADDRESS OF EMPLOYER:	 
	 	 
	 	 
	 	 
	INVESTMENT OBJECTIVE(S):	 

 

IDENTIFICATION & DOCUMENTATION
AND SOURCE OF FUNDS:

 

		1.	Please submit a copy of non-expired identification for the authorized signatory(ies) on the investment
documents, showing name, date of birth, address and signature. The address shown on the identification document MUST match the
Investor’s address shown on the Investor Signature Page.

 

	Current Driver’s License	or	Valid Passport	or	Identity Card

(Circle one or more)

 

		2.	If the Investor is a corporation, limited liability company, trust or other type of entity, please
submit the following requisite documents: (i) Articles of Incorporation, By-Laws, Certificate of Formation, Operating Agreement,
Trust or other similar documents for the type of entity; and (ii) Corporate Resolution or power of attorney or other similar document
granting authority to signatory(ies) and designating that they are permitted to make the proposed investment.

 

		3.	Please advise where the funds were derived from to make
the proposed investment:

 

	Investments	Savings	Proceeds of Sale	Other ____________

(Circle one or more)

 

	Signature:	 
	 	 
	Print Name:	 
	 	 
	Title (if applicable):	 
	 	 
	Date:	 

 

488 Madison Ave., 12th Fl., New
York, NY 10022-5718

T 212.400.6990      F 212.400.6999

  

    	 

    	 

    

 

EXHIBIT A

 

Form of Escrow Agreement

[See Exhibit 10.20]

 

    	 

    	 

    

 

EXHIBIT B

 

Form of Note

[See Exhibit 4.5]

 

    	 

    	 

    

 

EXHIBIT C

 

Form of Registration Rights Agreement

[See Exhibit 10.6]

 

    	 

    	 

    

 

EXHIBIT D

 

Form of Company Security Agreement

[See Exhibit 10.17]

 

    	 

    	 

    

 

EXHIBIT E

 

Form of Bridge Loan Agreement

[See Exhibit 10.15]

 

    	 

    	 

    

 

EXHIBIT F

 

Form of Newco Pledge Agreement

[See Exhibit 10.16]

 

    	 

    	 

    

 

EXHIBIT G

 

Form of Newco Security Agreement

[See Exhibit 10.17]

 

    	 

    	 

    

 

EXHIBIT H-1

 

Form of Legal Opinion of Company’s
Counsel

 

    	 

    	 

    

 

EXHIBIT H-2

 

Form of Legal Opinion of Newco’s
CounselBRIDGE LOAN AGREEMENT

 

THIS BRIDGE LOAN AGREEMENT
(this “Agreement”) is made this 16th day of May, 2012, by and between BOLDFACE Licensing + Branding,
a Nevada corporation (“Borrower”), and Max Cash Media, Inc., a Nevada corporation (“Lender”).

 

WITNESSETH:

 

WHEREAS, simultaneously
herewith Lender is engaged in an offering (the “Note Offering”) of its 10% Secured Convertible Promissory Notes (the
“Convertible Notes”) in the aggregate principal amount of up to $2,000,000, which offering is being conducted pursuant
to the exemption from registration provided by Rule 506 of Regulation D, Regulation S and/or Section 4(2) under the Securities
Act of 1933, as amended (the “Securities Act”);

 

WHEREAS, Borrower
and Lender are negotiating a reverse triangular merger (the “Merger”), wherein some of the steps include, but are not
limited to, that Lender will transfer all of its pre-merger operating assets and liabilities to a newly formed wholly owned subsidiary,
Lender’s principal shareholder will surrender his shares in exchange for shares in the subsidiary, Borrower will infuse its
assets into Lender, Borrower’s shareholders will take a share position in Lender and at least one of such shareholders will
assume a Board of Director seat, and Lender will begin operations of the acquired assets (Merger and its inherent steps sometimes
referred to as the “Transactions”); and

 

WHEREAS, to
provide Borrower with sufficient working capital to enable Borrower to fulfill its obligations under certain contractual agreements
incident to its business while Lender and Borrower prepare the documentation necessary and appropriate to consummate the Transactions
and obtain all necessary approvals from stockholders and third parties, Lender has agreed to utilize the net proceeds of the Note
Offering to provide Borrower with a temporary loan in the principal amount of up to $2,000,000 in exchange for one or more 10%
secured bridge loan promissory notes (the “Note” or “Notes”), to meet working capital requirements as identified
by Borrower;

 

NOW, THEREFORE,
in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Borrower and Lender, intending to be legally bound, agree as follows:

 

ARTICLE I – LOAN

 

1.1.          Loan.
Lender agrees, on the terms and conditions of this Agreement, and subject to a closing of the Note Offering, to make loans to Borrower
in the amount of up to $2,000,000 (the “Loan”), which amount may be increased upon notice to subscribers.

 

Upon the closing of
a minimum of $1,500,000 in principal amount of Convertible Notes under the Note Offering, the Lender shall disburse the net proceeds
thereof to Borrower as the Loan. Upon the closing of any additional amounts of Convertible Notes under the Note Offering, the Lender
shall disburse the net proceeds thereof to Borrower as additional amounts of the Loan. The aggregate Loan principal shall be equivalent
to the gross proceeds of the Note Offering, without regard to the payment by Lender of any fees or expenses from such gross
proceeds.

 

    	 

    	 

    

 

1.2. The Notes.
Borrower has authorized the issuance of the Notes made in favor of Lender by Borrower, which shall be substantially in the form
set forth in Exhibit A attached hereto. Borrower shall execute and deliver to Lender a Note in the face amount equal to
the gross proceeds of each closing under the Note Offering with respect to which the net proceeds are disbursed to Borrower.
The Loan shall bear interest at the rate or rates, and shall be due and payable on the date or dates, set forth in the Notes; provided,
however, that upon the consummation of the Merger and the minimum offering amount under Lender’s private placement
offering (the “PPO”), all indebtedness (including accrued interest) evidenced by the Notes shall be deemed canceled
and paid in full.

 

1.3. Payments.
Subject to the proviso in the preceding Section, Borrower shall repay the unpaid principal amount of, and accrued but unpaid interest
on, the Loan (the “Repayment Amount”) on the Due Date (as defined in the Notes) or as otherwise set forth in the Notes,
as set forth below:

 

Borrower shall
wire the Repayment Amount in same-day funds in accordance with the wire instructions set forth immediately below, which Repayment
Amount shall be held in escrow pursuant to the terms of an escrow agreement by and between Lender and Gottbetter & Partners,
LLP, as escrow agent (the “Bridge Escrow Agent”), and disbursed in accordance therewith solely for repayment of the
aggregate amounts due and payable to the Buyers (defined below) on the Convertible Notes.

 

Wire Instructions

 

	Bank Name and Address:	Citibank, NA
	 	330 Madison Ave.
	 	New York, NY 10017
	ABA#:	021000089
	SWIFT#:	CITIUS33
	A/C NAME:	Gottbetter & Partners, LLP
	A/C#:	9998176923
	Reference:	Max Cash Media, Inc.

 

1.4. Conditions
to Loan. Notwithstanding the foregoing, the obligation of Lender to disburse the Loan to Borrower is subject to the satisfaction
of the following conditions:

 

    	2

    	 

    

 

(a)          Borrower
shall have obtained (and shall have provided copies thereof to Lender) all waivers, consents or approvals, if any, from third parties,
and shall have given all notices to third parties, and the failure of which to obtain or to give notice would result in a conflict
with, result in a breach of, constitute (with or without due notice or lapse of time or both) a default under, result in the acceleration
of obligations under, create in any party the right to terminate, modify or cancel, or require any notice, consent or waiver under,
any contract or instrument to which Borrower or any of its subsidiaries is a party or by which Borrower or any of its subsidiaries
is bound or to which any of their assets is subject, except for any conflict, breach, default, acceleration, termination, modification
or cancellation in any contract or instrument which would not have a Company Material Adverse Effect (as hereinafter defined) and
would not adversely affect the consummation of the Loan or the other transactions contemplated hereby, including but not limited
to the Merger.

 

(b)          Those
stockholders of Borrower listed on Schedule 1 to the Pledge Agreement (defined below) beneficially owning in the aggregate one
hundred percent (100%) of the issued and outstanding shares of the capital stock of Borrower (the “Borrower Control Shares”)
shall have entered into a pledge agreement of even date herewith, substantially in the form attached as Exhibit B to this
Agreement (the “Newco Pledge Agreement”) with the Lender and Gottbetter & Partners, LLP, as collateral agent (the
“Collateral Agent”), pursuant to which such stockholders shall have pledged to, and deposited with, the Collateral
Agent the Borrower Control Shares, for the benefit of the purchasers of the Convertible Notes in the Note Offering (the “Buyers”),
as security for the full and timely repayment of the Convertible Notes in accordance with the terms of the Convertible Notes.

 

(c)          Borrower
shall have entered into a security agreement of even date herewith, substantially in the form attached as Exhibit C to this
Agreement (the “Newco Security Agreement”) with the Lender and the Collateral Agent pursuant to which Borrower shall
have granted and conveyed to the Collateral Agent, for the benefit of the Buyers, a first priority security interest in all of
the tangible and intangible assets of Borrower now owned or hereafter acquired by Borrower, as security for the full and timely
repayment of the Convertible Notes in accordance with the terms of the Convertible Notes.

 

ARTICLE II – REPRESENTATIONS AND WARRANTIES
OF BORROWER

 

Borrower represents and warrants to Lender
as follows:

 

2.1. Organization.
Each of Borrower and its Subsidiaries (as defined below) is a corporation duly existing under the laws of its jurisdiction of organization
and qualified and licensed to do business in any jurisdiction in which the conduct of its business or its ownership of property
requires that it be so qualified, except where the failure to be so qualified would not have a material adverse effect on the business,
operations, condition (financial or otherwise), property or prospects of Borrower or any Subsidiary, or the ability of Borrower
and any Subsidiary to carry out its respective obligations under the Loan Documents (as defined in Section 2.3 below) (a “Company
Material Adverse Effect”).

 

2.2. Subsidiaries.
All of Borrower’s Subsidiaries are listed in Schedule 2.2 attached hereto. For purposes of this Agreement, a “Subsidiary”
means any corporation, partnership, joint venture or other entity in which Borrower (i) has, directly or indirectly, an equity
interest representing 50% or more of the capital stock thereof or other equity interests therein or (ii) by contract or otherwise
controls the management of such entity and operates such entity as a combined business.

 

    	3

    	 

    

 

2.3. Authorization.
All corporate action on the part of Borrower (and its Subsidiaries, as applicable) and its officers, directors and stockholders
necessary for the authorization, execution, delivery and performance of all obligations of Borrower under this Agreement, the Note,
the Security Agreement and all other documents executed in connection with the Loan (collectively, the “Loan Documents”)
to which any of them may be a party have been taken. This Agreement, the Note and the other Loan Documents, when executed and delivered
by Borrower, shall constitute legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with
their terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium or similar laws affecting
creditors’ rights and the enforcement of debtors’ obligations generally and by general principles of equity, regardless
of whether enforcement is pursuant to a proceeding in equity or at law.

 

2.4. Absence of
Conflicts. The execution, delivery and performance of this Agreement and each of the other Loan Documents is not in conflict
with nor does it constitute a breach of any provision contained in Borrower’s organizational documents, nor will it constitute
an event of default under any material agreement to which Borrower is a party or by which Borrower is bound.

 

2.5. Consents and
Approvals. Borrower has obtained all consents, approvals and authorizations of, made all declarations or filings with, and
given all notices to, all governmental authorities and agencies that are necessary for the continued operation of Borrower’s
business as currently conducted, or are required by law.

 

2.6. Capitalization.
The authorized and outstanding capital stock of Borrower is described on Schedule 2.6 attached hereto. Except as set forth on Schedule
2.6 or as contemplated by the Transactions, there are no subscriptions, convertible securities, options, warrants or other rights
(contingent or otherwise) currently outstanding to purchase any of the authorized but unissued capital stock of Borrower. Except
as set forth in Schedule 2.6 or as contemplated by the Transactions, Borrower has no obligation to issue shares of its capital
stock, or subscriptions, convertible securities, options, warrants, or other rights (contingent or otherwise) to purchase any shares
of its capital stock or to distribute to holders of any of its equity securities, any evidence of indebtedness or asset. No shares
of Borrower capital stock are subject to a right of withdrawal or a right of rescission under any applicable securities law. Except
as set forth in Schedule 2.6, there are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect
to Borrower. To the Knowledge (as defined below) of Borrower, except as described in Schedule 2.6 or otherwise contemplated by
this Agreement, there are no agreements to which Borrower is a party or by which it is bound with respect to the voting (including
without limitation voting trusts or proxies), registration under any applicable securities laws, or sale or transfer (including
without limitation agreements relating to pre-emptive rights, rights of first refusal, co-sale rights or “drag-along”
rights) of any securities of Borrower. Except as provided in Schedule 2.6, to the Knowledge of Borrower, there are no agreements
among other parties, to which Borrower is not a party and by which it is not bound, with respect to the voting (including without
limitation voting trusts or proxies) or sale or transfer (including without limitation agreements relating to rights of first refusal,
co-sale rights or “drag-along” rights) of any securities of Borrower.

 

    	4

    	 

    

 

2.7. Litigation.
Except as disclosed on Schedule 2.7, there are no actions, suits, claims, investigations, arbitrations or other legal or administrative
proceedings, to the Knowledge of Borrower, threatened against Borrower at law or in equity, and to Borrower’s Knowledge,
there is no basis for any of the foregoing. Except as disclosed on Schedule 2.7, there are no unsatisfied judgments, penalties
or awards against or affecting Borrower or its businesses, properties or assets. Except as disclosed on Schedule 2.7, Borrower
is not in default, and no event has occurred which with the passage of time or giving of notice or both would constitute a default
by Borrower with respect to any order, writ, injunction or decree known to or served upon Borrower of any court or of any foreign,
federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign.
Except as disclosed on Schedule 2.7, there is no action or suit by Borrower pending or threatened against others. Except as disclosed
on Schedule 2.7, Borrower has complied with all laws, rules, regulations and orders applicable to its current business, operations,
properties, assets, products and services the violation of which would have a Company Material Adverse Effect. There is no existing
law, rule, regulation or order, and Borrower has no Knowledge of any proposed law, rule, regulation or order, whether foreign,
federal or state, that would prohibit or materially restrict Borrower from, or otherwise materially adversely affect Borrower in,
conducting its businesses in any jurisdiction in which it is now conducting business.

 

As defined in this
Agreement, “Knowledge” of Borrower means the actual knowledge by a director or officer of Borrower of a particular
fact or circumstance or such knowledge as may reasonably be imputed to such person as a result of such person’s actual knowledge
of other facts or circumstances as well as any other knowledge which such person would have possessed had such person made reasonable
inquiry of appropriate employees and agents of Borrower with respect to the matter in question.

 

2.8. Absence of
Certain Events. To Borrower’s Knowledge, there is no existing condition, event or series of events which reasonably would
be expected to have a Company Material Adverse Effect.

 

2.9. Title to Property
and Assets. Borrower does not own any real property. Except as set forth on Schedule 2.9, Borrower has good and marketable
title to all of its personal property and assets free and clear of any material restriction, mortgage, deed of trust, pledge, lien,
security interest or other charge, claim or encumbrance which would have a Company Material Adverse Effect. Except as set forth
on Schedule 2.9, with respect to properties and assets it leases, Borrower is in material compliance with such leases and holds
a valid leasehold interest free of any liens, claims or encumbrances which would have a Company Material Adverse Effect.

 

    	5

    	 

    

 

2.10. Governmental
Permits. Borrower and its Subsidiaries hold all licenses, franchises, permits and other governmental authorizations which are
required for the conduct of any aspect of their respective businesses, as presently conducted and as presently contemplated to
be conducted, including, but not limited to, all such business operations contemplated by, or incident to, the Transactions. All
such licenses, franchises, permits and other governmental authorizations are valid and current, and neither Borrower nor any of
its Subsidiaries has received any notice that any governmental authority intends to cancel, terminate or not renew any such license,
franchise, permit or other governmental authorization. Borrower and its Subsidiaries have conducted and are conducting its business
in material compliance with the requirements, standards, criteria and conditions set forth in such licenses, franchises, permits
and other governmental authorizations, and all laws and regulations applicable thereto, and are not in violation of any of the
foregoing. The consummation of the transactions contemplated hereunder will not alter or impair or require changes to any such
license, franchise, permit or other governmental authorization.

 

ARTICLE III.A – COVENANTS OF BORROWER

 

So long as the Note
is outstanding, Borrower agrees that, unless Lender shall give its prior consent in writing:

 

3.1. Ordinary Course.
Borrower shall carry on its business in the ordinary course substantially as conducted heretofore, and shall not engage in any
transaction outside of the ordinary course of business.

 

3.2. Maintain Properties.
Borrower shall maintain its properties and facilities in good working order and condition, reasonable wear and tear excepted.

 

3.3. Performance
under Agreements. Borrower shall perform all of its material obligations under agreements relating to or affecting its assets,
properties or rights.

 

3.4. Cooperation
with Lender. Borrower shall cooperate with Lender and shall use its reasonable best efforts to complete and sign the merger
agreement contemplated by the Merger and shall use its reasonable best efforts to consummate the Transactions contemplated thereby.

 

3.5. Financial Statements.
Borrower shall provide to Lender prior to the Due Date any such audited or unaudited financial statements as may be required under
applicable U.S. Securities Exchange Commission (“SEC”) regulations for inclusion of such statements in Lender’s
SEC and other regulatory filings upon and following the closing of the Merger.

 

3.6. Maintenance
of Business Organization. Borrower shall maintain and preserve its business organization intact and use its reasonable best
efforts to retain its present key employees and relationships with suppliers, customers and others having business relationships
with Borrower.

 

3.7. Compliance
with Permits. Borrower shall maintain material compliance with all permits, laws, rules and regulations, consent orders and
all other orders of applicable courts, regulatory agencies, and similar governmental authorities.

 

3.8. Leases.
Borrower shall maintain its present leases in accordance with their respective terms, and may enter into new or amended lease instruments.

 

    	6

    	 

    

 

3.9. Payments.
Except as specifically set forth in Exhibit D attached hereto and except with respect to fees due to attorneys, accountants, and
investment bankers relating to the Transactions, including with respect to the Loan, Borrower shall not make any payment, or incur
any obligation to make any payment in the ordinary course of business in excess of $10,000 without the prior written consent of
Lender.

 

3.10. Loan Documents.
Borrower shall comply in all respects with the terms of the Loan Documents.

 

3.11. Mergers.
Except as contemplated by the Transactions, Borrower shall not merge or consolidate with or into any other corporation, or sell,
assign, lease or otherwise dispose of or voluntarily part with the control (whether in one transaction or in a series of related
transactions) of assets (whether now owned or hereafter acquired) having a fair market value of more than $25,000 at the time(s)
of transfer, or sell, assign or otherwise dispose of (whether in one transaction or in a series of transactions) any of its accounts
receivable (whether now in existence or hereafter created) at a discount or with recourse, to any person, except sales or other
dispositions of assets in the ordinary course of business, including, but not limited to, Borrower’s sale of existing teams
or territorial, market and team operating rights.

 

3.12. Charter Documents.
Borrower shall not make any amendment to its Certificate of Incorporation, but may amend, revise and/or restate its By-Laws.

 

3.13. Senior or
Pari Passu Indebtedness. Borrower shall not incur, create, assume, guaranty or permit to exist any indebtedness that ranks
senior in priority to, or pari passu with, the obligations under the Notes and the other Loan Documents, except for (i) indebtedness
existing on the date hereof and set forth in Schedule 3.13 attached hereto, and (ii) indebtedness created as a result of a subsequent
financing if the gross proceeds to Borrower of such financing are equal to or greater than the aggregate principal amount of the
Notes and the Notes are repaid in full upon the closing of such financing.

 

3.14. Liens.
Borrower shall not create, incur, assume or permit to exist any lien on any property or assets (including stock or other securities
of Borrower or any of its Subsidiaries) now owned or hereafter acquired by it or on any income or revenues or rights in respect
of any thereof, except:

 

(a)          liens
on property or assets of Borrower and its Subsidiaries existing on the date hereof and set forth in Schedule 3.14 attached hereto,
provided that such liens shall secure only those obligations which they secure on the date hereof;

 

(b)          any
lien created under the Loan Documents;

 

(c)          any
lien existing on any property or asset prior to the acquisition thereof by Borrower or any of its Subsidiaries, provided that

 

1.          such
lien is not created in contemplation of or in connection with such acquisition and

 

    	7

    	 

    

 

2.          such
lien does not apply to any other property or assets of Borrower or any of its Subsidiaries;

 

(d)          liens
for taxes, assessments and governmental charges;

 

(e)          carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s or other like liens arising in
the ordinary course of business and securing obligations that are not due and payable;

 

(f)          pledges
and deposits made in the ordinary course of business in compliance with workmen’s compensation, unemployment insurance and
other social security laws or regulations;

 

(g)          deposits
to secure the performance of bids, trade contracts (other than for indebtedness), leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

 

(h)          zoning
restrictions, easements, licenses, covenants, conditions, rights-of-way, restrictions on use of real property and other similar
encumbrances incurred in the ordinary course of business and minor irregularities of title that, in the aggregate, are not substantial
in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of
the business of Borrower or any of its Subsidiaries;

 

(i)          purchase
money security interests in real property, improvements thereto or equipment hereafter acquired (or, in the case of improvements,
constructed) by Borrower or any of its subsidiaries, provided that

 

1.          such
security interests secure indebtedness permitted by this Agreement,

 

2.          such
security interests are incurred, and the indebtedness secured thereby is created, within 90 days after such acquisition (or construction),

 

3.          the
indebtedness secured thereby does not exceed 85% of the lesser of the cost or the fair market value of such real property, improvements
or equipment at the time of such acquisition (or construction) and

 

4.          such
security interests do not apply to any other property or assets of Borrower or any of its Subsidiaries;

 

(j)          liens
arising out of judgments or awards (other than any judgment that constitutes an Event of Default hereunder) in respect of which
Borrower or any of its Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review and in respect of which
it shall have secured a subsisting stay of execution pending such appeal or proceedings for review, provided Borrower shall have
set aside on its books adequate reserves with respect to such judgment or award; and

 

    	8

    	 

    

 

(k)          deposits,
liens or pledges to secure payments of workmen’s compensation and other payments, public liability, unemployment and other
insurance, old-age pensions or other social security obligations, or the performance of bids, tenders, leases, contracts (other
than contracts for the payment of money), public or statutory obligations, surety, stay or appeal bonds, or other similar obligations
arising in the ordinary course of business.

 

3.15. Dividends
and Distributions. Borrower or any of its Subsidiaries shall not declare or pay, directly or indirectly, any dividend or make
any other distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof,
with respect to any shares of its capital stock or directly or indirectly redeem, purchase, retire or otherwise acquire for value
(or permit any Subsidiary to purchase or acquire) any shares of any class of its capital stock or set aside any amount for any
such purpose.

 

3.16. Subsidiary
Dividends. Borrower shall not permit its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist
or become effective any encumbrance or restriction on the ability of such Subsidiary to:

 

(a)          pay
any dividends or make any other distributions on its capital stock or any other interest or

 

(b)          make
or repay any loans or advances to Borrower.

 

3.17. Limitation
on Certain Payments and Prepayments. Borrower shall not:

 

(a)          pay
in cash any amount in respect of any indebtedness or preferred stock that may at the obligor’s option be paid in kind or
in other securities; or

 

(b)          optionally
prepay, repurchase or redeem or otherwise defease or segregate funds with respect to any indebtedness of Borrower or its Subsidiaries,
other than for indebtedness under the Loan Documents.

 

Within three (3) business
days following Borrower’s request for a waiver of any provision of this Article III, Lender shall provide Borrower with their
response to such request.

 

3.18. Future
issuances. Borrower covenants and agrees that it will not during the term of this Agreement issue any of its equity securities
(a “Future Issuance”) except if (i) Borrower issues equity securities in a capital raising offering  with proceeds
sufficient to repay the Notes and the Notes are repaid in full simultaneously with the closing of such offering, or (ii) Borrower
causes sufficient additional shares of its common stock, or securities convertible into its common stock without additional consideration,
to be delivered under the Pledge Agreement to the Collateral Agent for the Buyers such that the aggregate number of Pledged Shares
as a percentage of the total number of shares of capital stock (on an as-converted-into-common-stock basis) of Borrower outstanding
(the “Pledged Percentage”) as of the date of such Future Issuance equals the Pledged Percentage as of the date hereof,
which is approximately 100%. Capitalized terms used in this Section 3.18 and not otherwise defined in this Agreement shall have
those meanings given to them in the Pledge Agreement.

 

    	9

    	 

    

 

ARTICLE III.B – COVENANTS OF LENDER

 

Lender covenants and
agrees that if Borrower is required to repay the Loans, it shall use the proceeds from Borrower of the Repayment Amount solely
to repay in full the outstanding principal amount of the Convertible Notes, with interest, if any, to the Buyers. Lender further
agrees to issue its instruction letter (the “Instruction Letter”) to the Bridge Escrow Agent authorizing the Bridge
Escrow Agent to release from escrow in favor of Buyers the Repayment Amount in repayment of the Convertible Notes, which Instruction
Letter shall be signed by Lender and held in trust by Gottbetter & Partners, LLP on behalf of Borrower until repayment on the
Due Date or as otherwise set forth herein.

 

ARTICLE IV – DEFAULTS AND REMEDIES

 

4.1. An “Event
of Default” occurs if:

 

(a)          Borrower
defaults in the payment of any principal of the Note within three (3) business days after the same shall become due, either by
the terms thereof or otherwise as herein provided; or

 

(b)          Borrower
defaults, in whole or in part, in the performance or observance of any other material agreement, term or condition contained in
the Note or the other Loan Documents, and such breach shall not have been cured within ten (10) days after receipt of written notice
thereof; or

 

(c)          Borrower
defaults with respect to any other valid indebtedness for borrowed money of Borrower or under any agreement under which such indebtedness
may be issued by Borrower and such default shall continue for more than the period of grace, if any, therein specified, if the
aggregate amount of such indebtedness for which such default shall have occurred exceeds $25,000;

 

(d)          Borrower
defaults with respect to any valid contractual obligation of Borrower under or pursuant to any contract, lease, or other agreement
to which Borrower is a party and such default shall continue for more than the period of grace, if any, therein specified, if the
aggregate amount of Borrower’s contractual liability arising out of such default exceeds or is reasonably estimated to exceed
$25,000;

 

(e)          the
Merger shall not have closed and the Note shall not have been repaid in full by the Due Date; or

 

(f)          Borrower
pursuant to or within the meaning of any Bankruptcy Law (as defined below):

 

    	10

    	 

    

 

(i) commences
a voluntary case,

 

(ii) consents
to the entry of an order for relief against it in an involuntary case,

 

(iii) consents
to the appointment of a Custodian (as defined below) of it or for all or substantially all of its property,

 

(iv) makes
a general assignment for the benefit of its creditors, or

 

(v) is the
debtor in an involuntary case which is not dismissed within thirty (30) days of the commencement thereof, or

 

(g)          a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(i) provides
for relief against Borrower in an involuntary case,

 

(ii) appoints
a Custodian of Borrower for all or substantially all of its property, or

 

(iii) orders
the liquidation of Borrower,

 

(h)          a
final judgment for the payment of money in an amount in excess of $25,000 shall be rendered against Borrower (other than any judgment
as to which a reputable insurance company shall have accepted full liability in writing) and shall remain undischarged for a period
(during which execution shall not be effectively stayed) of 20 days after the date on which the right to appeal has expired; or

 

(i)          an
event shall occur or there exist facts or circumstances which create or result in a Company Material Adverse Effect.

 

then and in any such
case (x) upon the occurrence of any Event of Default described in paragraphs (f) or (g), the unpaid principal amount of the Notes
shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby
waived by Borrower, and (y) upon the occurrence of any other Event of Default, in addition to any other rights, powers and remedies
permitted by law or in equity, Lender may, at its option, by notice in writing to Borrower, declare the Notes to be, and the Notes
shall thereupon be and become, immediately due and payable, together with all other sums due hereunder, without presentment, demand,
protest or other notice of any kind, all of which are waived by Borrower.

 

    	11

    	 

    

 

Upon the occurrence
of any Event of Default, the holder of the Notes may proceed to protect and enforce its rights by an action at law, suit in equity
or other appropriate proceeding, whether for the specific performance of any agreement contained herein or in the Notes held by
it, for an injunction against a violation of any of the terms hereof or thereof, or for the pursuit of any other remedy which it
may have by virtue of this Agreement or pursuant to applicable law. Borrower shall pay to the holder of the Notes upon demand the
reasonable costs and expenses of collection and of any other actions referred to in this Article, including without limitation
reasonable attorneys’ fees, expenses and disbursements.

 

No course of dealing
and no delay on the part of the holder of the Notes in exercising any of its rights shall operate as a waiver thereof or otherwise
prejudice the rights of such holders, nor shall any single or partial exercise of any right, power or remedy preclude any other
or further exercise thereof or the exercise of any other right, power or remedy hereunder. No right, power or remedy conferred
hereby or by the Notes on the holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein
or now or hereafter available at law, in equity, by statute or otherwise.

 

4.2. For purposes of this Article, the following
definitions shall apply:

 

“Bankruptcy Law” means Title
11, U.S. Code or any similar federal or state law for the relief of debtors, or equivalent law of a non-U.S. jurisdiction.

 

“Custodian” means any receiver,
trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

ARTICLE V – NOTICES

 

All notices, requests
and demands shall be given to or made upon the respective parties hereto in writing, at such address as may be designated by it
in a written notice to the other party. All notices, requests, consents and demands hereunder shall be effective when duly deposited
in the mails (by overnight delivery by a nationally-recognized overnight courier service or by United States registered or certified
mail, postage prepaid, return receipt requested) with a copy via facsimile. Unless the parties designate otherwise, notices should
be addressed as follows:

 

If to Borrower:

 

BOLDFACE Licensing + Branding

1945 Euclid Street

Santa Monica, CA 90404

Attn:   Nicole Ostoya, CEO

Facsimile:   310.581.4652

 

with a copy to:

 

Eisner, Kahan & Gorry,

a Professional Corporation

9601 Wilshire Blvd., Suite 700

Beverly Hills, CA 90210

Telephone: 310.855.3200

Attn:   Joseph O’Hara, Esq.

Facsimile:   310.855.3201

 

    	12

    	 

    

 

If to Lender:

 

Max Cash Media, Inc.

50 Brompton Road, Apt. 1X

Great Neck, NY 11021

Attention:   Noah Levinson, Chief Executive Officer

Facsimile:    919.848.7771

 

with a copy to:

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Attn:   Adam S. Gottbetter, Esq.

Facsimile:   212.400.6901

 

ARTICLE VI – MISCELLANEOUS

 

6.1. Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts
of laws principles thereof.

 

6.2. Amendment.
This Agreement may be amended, modified or terminated only by an instrument in writing signed by all parties.

 

6.3. Assignment.
Neither this Agreement nor any right or obligation provided for herein may be assigned by the Borrower without the prior written
consent of the Lender. The Lender may assign this Agreement or any right or obligation provided for herein without the prior written
consent of Borrower.

 

6.4. Successors.
The terms and provisions of this Agreement shall be binding upon and inure to the benefit of, and be enforceable by, the respective
successors and assigns of the parties hereto.

 

6.5. Counterparts.
This Agreement may be executed in any number of counterparts, with the same effect as if all parties had signed the same document.
All such counterparts shall be deemed an original, shall be construed together and shall constitute one and the same instrument.
This Agreement may be executed by facsimile signature.

 

6.6. Construction.
The language used in this Agreement shall be deemed to be the language chosen by the parties to express their mutual intent, and
no rule of strict construction shall be applied against any party.

 

    	13

    	 

    

 

6.8. Headings.
The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning
or interpretation of this Agreement.

 

6.8. Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
declares that any term or provision hereof is invalid or unenforceable, the parties agree that the court making the determination
of invalidity or unenforceability shall have the power to limit the term or provision, to delete specific words or phrases, or
to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes
closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable
as so modified.

 

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Blank]

  

    	14

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Bridge Loan Agreement to be duly executed as of the day and year first above written.

 

	LENDER:	BORROWER:
	 	 
	MAX CASH MEDIA, INC.	BOLDFACE LICENSING + BRANDING
	 	 
	By:	/s/ Noah Levinson	By:	/s/ Nicole Ostoya
	Name:	Noah Levinson	Name:	Nicole Ostoya
	Title:	President	Title:	President

  

    	 

    	 

    

 

EXHIBIT A

 

Form of Note

[See Exhibit 10.19]

 

    	 

    	 

    

 

EXHIBIT B

 

Form of Pledge Agreement

[See Exhibit 10.16]

 

    	 

    	 

    

 

EXHIBIT C

 

Form of Security Agreement

[See Exhibit 10.17]

 

    	 

    	 

    

 

EXHIBIT D

 

Use of Proceeds

 

	USE	 	AMOUNT	 
	 	 	 	 
	Payment of advances under celebrity licensing agreement	 	$	1,000,000	 
	 	 	 	 	 
	Product inventory	 	$	575,000	 
	 	 	 	 	 
	Working capital including salary	 	$	220,000

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