Document:

Kore Nutrition Inc.: Exhibit 10.16 - Filed by newsfilecorp.com

NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE 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. 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 

  (US Subscriber) 

	TO: 	Kore Nutrition Incorporated
      (the “Company”) 
	 	2506 Anthem Village
      Suite E460 
	  	Henderson, Nevada 89052
  

ISSUANCE OF SHARES OF COMMON STOCK 

1.              
Subscription 

1.1             On
the basis of the representations and warranties and subject to the terms and
conditions set forth herein, the undersigned (the “Subscriber”) hereby
irrevocably subscribes for and agrees to purchase common shares (the
“Shares”) of the Company at a price of US$0.40 per Share (such
subscription and agreement to purchase being the “Subscription”), for an
aggregate purchase price as set out on the signature page of this Subscription
Agreement (the “Subscription Proceeds”) which is tendered herewith, on
the basis of the representations and warranties and subject to the terms and
conditions set forth herein. 

1.2             The
Company hereby agrees to sell, on the basis of the representations and
warranties and subject to the terms and conditions set forth herein, to the
Subscriber the Shares. Subject to the terms hereof, the Subscription Agreement
will be effective upon its acceptance by the Company. 

1.3            
Unless otherwise provided, all dollar amounts referred to in this Subscription
Agreement are in lawful money of the United States of America. 

2.             
 Payment 

2.1            
The Subscription Proceeds must accompany this Subscription and shall be paid by
certified cheque or bank draft, and made payable and delivered to the Company.
Alternatively, the Subscription Proceeds may be wired to the Company or its
lawyers pursuant to wiring instructions that will be provided to the Subscriber
upon request. If the funds are wired to the Company’s lawyers, the Subscriber
irrevocably authorizes such lawyers to immediately deliver the funds to the
Company upon receipt of the funds from the Subscriber even if the Subscription
has not been consummated. 

2.2            
The Subscriber acknowledges and agrees that this Subscription Agreement, the
Subscription Proceeds and any other documents delivered in connection herewith
will be held on behalf of the Company. In the event that this Subscription
Agreement is not accepted by the Company for whatever reason, which the Company
expressly reserves the right to do, this Subscription Agreement, the
Subscription Proceeds (without interest thereon) and any other documents
delivered in connection herewith will be returned to the Subscriber at the
address of the Subscriber as set forth in this Subscription Agreement. 

- 2 - 

3.             
 Documents Required from Subscriber and Independent Legal
Advice 

3.1            
The Subscriber must complete, sign and return to the Company the following
documents: 

	 	(a) 	
      two (2) executed copies of this Subscription
      Agreement;

	 	 	 
	 	(b) 	
      a US Investor Questionnaire (the “US
      Questionnaire”) attached as Exhibit A hereto; and

	 	 	 
	 	(c) 	
      a Canadian Investor Questionnaire (the “Canadian
      Questionnaire”, and together with the US Questionnaire, the
      “Questionnaires”) attached as Exhibit B
hereto.

3.2            The
Subscriber shall complete, sign and return to the Company as soon as possible,
on request by the Company, any additional documents, questionnaires, notices and
undertakings as may be required by any regulatory authorities and applicable
law. 

3.3            
Both parties to this Subscription Agreement acknowledge and agree that Clark
Wilson LLP has acted as counsel only to the Company and is not protecting the
rights and interests of the Subscriber. The Subscriber acknowledges and agrees
that the Company and Clark Wilson LLP have given him the opportunity to seek,
and have recommended that the Subscriber obtain, independent legal advice with
respect to the subject matter of this Subscription Agreement and, further, the
Subscriber hereby represents and warrants to the Company and Clark Wilson LLP
that the Subscriber has sought independent legal advice or waives such advice.

4.              
Conditions and Closing 

4.1             Closing
of the offering of the Shares (the “Closing”) shall occur on or before
June 15, 2010, or on such other date as may be determined by the Company (the
“Closing Date”) in its sole discretion. The Company may, at its
discretion, elect to close the offering in one or more closings, in which event
the Company may agree with one or more subscribers (including the Subscriber
hereunder) to complete delivery of the Shares to such subscriber(s) against
payment therefor at any time on or prior to the Closing Date. 

4.2             The
Subscriber acknowledges that certificates representing the Shares to be issued
on the respective Closing Dates will be available for delivery upon the
respective Closing Dates, or such other date as may be determined by the Company
in its sole discretion, provided that the Subscriber has satisfied the
requirements of Sections 2 and 3 hereof and the Company has accepted this
Subscription Agreement. 

5.              
Acknowledgements and Agreements of Subscriber 

5.1            
The Subscriber acknowledges and agrees that: 

	 	(a) 	
      none of the Shares have been or will be registered under
      the 1933 Act, or under any state securities or “blue sky” laws of any
      state of the United States, and, unless so registered, may not be offered
      or sold in the United States or, directly or indirectly, to U.S. Persons,
      as that term is defined in Regulation S under the 1933 Act (“Regulation
      S”), except in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act, 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, foreign and provincial securities
      laws;

	 	 	 
	 	(b) 	
      the Company has not undertaken, and will have no
      obligation, to register any of the Shares under the 1933 Act or any other
      securities legislation;

	 	 	 
	 	(c) 	
      by completing the Questionnaires, the Subscriber is
      representing and warranting that the Subscriber is an “Accredited
      Investor”, as the term is defined in Regulation D of the 1933 Act and that
      the Subscriber satisfies one of the categories of registration and
      prospectus exemptions provided in National Instrument 45-106 (“NI
      45-106”) adopted by the British Columbia Securities Commission (the
      “BCSC”) and other provincial securities
  commissions;

- 3 - 

	 	(d) 	
      the decision to execute this Subscription Agreement and
      acquire the Shares agreed to be acquired hereunder has not been based upon
      any oral or written representation as to fact or otherwise made by or on
      behalf of the Company and such decision is based entirely upon a review of
      any public information which has been filed by the Company with the
      Securities and Exchange Commission (“SEC”) in compliance, or
      intended compliance, with applicable securities legislation;

	 	 	 	 
	 	(e) 	
      the Subscriber and the Subscriber’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Company in connection with the distribution of the Shares hereunder, and
      to obtain additional information, to the extent possessed or obtainable
      without unreasonable effort or expense, necessary to verify the accuracy
      of the information about the Company;

	 	 	 	 
	 	(f) 	
      the books and records of the Company were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Shares hereunder have been made
      available for inspection by the Subscriber, the Subscriber’s lawyer and/or
      advisor(s);

	 	 	 	 
	 	(g) 	
      all of the information which the Subscriber has provided
      to the Company is correct and complete as of the date the Subscription
      Agreement is signed, and if there should be any change in such information
      prior to this Subscription Agreement being executed by the Company, the
      Subscriber will immediately provide the Company with such
    information;

	 	 	 	 
	 	(h) 	
      the Company is entitled to rely on the representations
      and warranties of the Subscriber contained in this Subscription Agreement
      and the Questionnaires and the Subscriber will hold harmless the Company
      from any loss or damage it or they may suffer as a result of the
      Subscriber’s failure to correctly complete this Subscription Agreement or
      the Questionnaires;

	 	 	 	 
	 	(i) 	
      the Subscriber will indemnify and hold harmless the
      Company and, where applicable, its directors, officers, employees, agents,
      advisors and shareholders, from and against any and all loss, liability,
      claim, damage and expense whatsoever (including, but not limited to, any
      and all fees, costs and expenses whatsoever reasonably incurred in
      investigating, preparing or defending against any claim, lawsuit,
      administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any representation or warranty of
      the Subscriber contained in this Subscription Agreement, the
      Questionnaires or in any document furnished by the Subscriber to the
      Company in connection herewith being untrue in any material respect or any
      breach or failure by the Subscriber to comply with any covenant or
      agreement made by the Subscriber to the Company in connection
      therewith;

	 	 	 	 
	 	(j) 	
      the Subscriber has been advised to consult the
      Subscriber’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Shares and with respect to applicable
      resale restrictions, and it is solely responsible (and the Company is not
      in any way responsible) for compliance with:

	 	 	 	 
	 		(i) 	
      any applicable laws of the jurisdiction in which the
      Subscriber is resident in connection with the distribution of the Shares
      hereunder, and

	 	 	 	 
	 		(ii) 	
      applicable resale restrictions;

	 	 	 	 
	 	(k) 	
      the Company has advised the Subscriber that the Company
      is relying on an exemption from the requirements to provide the Subscriber
      with a prospectus to issue the Shares and, as a consequence of purchasing
      the Shares pursuant to such exemption certain protections, rights and
      remedies provided by the applicable securities legislation of British
      Columbia including statutory rights of rescission or damages, will not be
      available to the Subscriber;

- 4 - 

	 	(l) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of any
      of the Shares and no documents in connection with the sale of the Shares
      hereunder have been reviewed by the SEC or any state securities
      administrators;

	 	 	 
	 	(m) 	
      there is no government or other insurance covering any of
      the Shares;

	 	 	 
	 	(n) 	
      the Company will refuse to register the transfer any of
      the Shares not made in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from the registration requirements of
      the 1933 Act and in each case in accordance with applicable securities
      laws; and

	 	 	 
	 	(o) 	
      this Subscription Agreement is not enforceable by the
      Subscriber unless it has been accepted by the Company, and the Subscriber
      acknowledges and agrees that the Company reserves the right to reject any
      Subscription for any reason whatsoever.

6.              
Representations, Warranties and Covenants of the Subscriber

6.1             The
Subscriber hereby represents and warrants to and covenants with the Company
(which representations, warranties and covenants shall survive the Closing)
that: 

	 	(a) 	
      the Subscriber is a U.S. Person;

	 	 	 
	 	(b) 	
      the Subscriber is resident in the jurisdiction set out
      under the heading “Name and Address of Subscriber” on the signature page
      of this Subscription Agreement;

	 	 	 
	 	(c) 	
      it has the legal capacity and competence to enter into
      and execute this Subscription Agreement and to take all actions required
      pursuant hereto and, if the Subscriber is a corporate entity, it is duly
      incorporated and validly subsisting under the laws of its jurisdiction of
      incorporation and all necessary approvals by its directors, shareholders
      and others have been obtained to authorize execution and performance of
      this Subscription Agreement on behalf of the Subscriber;

	 	 	 
	 	(d) 	
      the entering into of this Subscription Agreement and the
      transactions contemplated hereby do not result in the violation of any of
      the terms and provisions of any law applicable to, or the constating
      documents of, the Subscriber or of any agreement, written or oral, to
      which the Subscriber may be a party or by which the Subscriber is or may
      be bound;

	 	 	 
	 	(e) 	
      the Subscriber has duly executed and delivered this
      Subscription Agreement and it constitutes a valid and binding agreement of
      the Subscriber enforceable against the Subscriber;

	 	 	 
	 	(f) 	
      the Subscriber has received and carefully read this
      Subscription Agreement;

	 	 	 
	 	(g) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the entire investment;

	 	 	 
	 	(h) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Shares and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in any way whatsoever for the
      Subscriber’s decision to invest in the Shares and the Company;

	 	 	 
	 	(i) 	
      the Subscriber (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, and
      (iii) is able to bear the economic risks of an investment in the Shares
      for an indefinite period of time;

	 	 	 
	 	(j) 	
      the Subscriber (i) is able to fend for him/her/itself in
      the Subscription; (ii) has such knowledge and experience in business
      matters as to be capable of evaluating the merits and risks of its
      prospective investment in the Shares; and (iii) has the ability to
      bear the economic risks of its prospective investment and can afford the
  complete loss of such investment;

- 5 - 

	 	(k) 	
      all information contained in the Questionnaires is
      complete and accurate and may be relied upon by the Company;

	 	 	 	 
	 	(l) 	
      the Subscriber understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations and agreements contained in this Subscription Agreement
      and the Questionnaires and agrees that if any of such acknowledgements,
      representations and agreements are no longer accurate or have been
      breached, the Subscriber shall promptly notify the Company;

	 	 	 	 
	 	(m) 	
      the Subscriber is purchasing the Shares for its own
      account for investment purposes only and not for the account of any other
      person and not for distribution, assignment or resale to others, and no
      other person has a direct or indirect beneficial interest is such Shares,
      and the Subscriber has not subdivided his interest in the Shares with any
      other person;

	 	 	 	 
	 	(n) 	
      the Subscriber is not an underwriter of, or dealer in,
      the common shares of the Company, nor is the Subscriber participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Shares;

	 	 	 	 
	 	(o) 	
      the Subscriber is not aware of any advertisement of any
      of the Shares and is not purchasing the Shares as a result of any form of
      general solicitation or general advertising including advertisements,
      articles, notices or other communications published in any newspaper,
      magazine or similar media or broadcast over radio or television, or any
      seminar or meeting whose attendees have been invited by general
      solicitation or general advertising;

	 	 	 	 
	 	(p) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Shares,

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Shares,

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the Shares,
      or

	 	 	 	 
	 		(iv) 	
      that any of the Shares will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Shares of the
      Company on any stock exchange or automated dealer quotation system;
    and

	 	 	 	 
	 	(q) 	
      the Subscriber acknowledges and agrees that the Company
      shall not consider the Subscriber’s Subscription for acceptance unless the
      undersigned provides to the Company, along with an executed copy of this
      Subscription Agreement:

	 	 	 	 
	 		(i) 	
      fully completed and executed Questionnaires in the forms
      attached hereto as Exhibit A and B, respectively; and

	 	 	 	 
	 		(ii) 	
      such other supporting documentation that the Company or
      its legal counsel may request to establish the Subscriber’s qualification
      as a qualified investor.

6.2            
In this Subscription Agreement, the term “U.S. Person” shall have the
meaning ascribed thereto in Regulation S promulgated under the 1933 Act and for
the purpose of the Subscription Agreement includes any person in the United
States. 

- 6 - 

7.              
Representations and Warranties will be Relied Upon by the Company

7.1            
The Subscriber acknowledges that the representations and warranties contained
herein and in the Questionnaires are made by it with the intention that such
representations and warranties may be relied upon by the Company and its legal
counsel in determining the Subscriber’s eligibility to purchase the Shares under
applicable securities legislation, or (if applicable) the eligibility of others
on whose behalf it is contracting hereunder to purchase the Shares under
applicable securities legislation. The Subscriber further agrees that by
accepting delivery of the certificates representing the Shares on the Closing
Date, it will be representing and warranting that the representations and
warranties contained herein and in the Questionnaires are true and correct as at
the Closing Date with the same force and effect as if they had been made by the
Subscriber on the Closing Date and that they will survive the purchase by the
Subscriber of the Shares and will continue in full force and effect
notwithstanding any subsequent disposition by the Subscriber of such Shares.

8.             
 Acknowledgement and Waiver 

8.1             The
Subscriber has acknowledged that the decision to purchase the Shares was solely
made on the basis of publicly available information. The Subscriber hereby
waives, to the fullest extent permitted by law, any rights of withdrawal,
rescission or compensation for damages to which the Subscriber might be entitled
in connection with the distribution of any of the Shares. 

9.              
Legending and Registration of Subject Shares 

9.1            
The Subscriber hereby consents to the placement of a legend on any certificate
or other document evidencing any of the Shares to the effect that such
securities have not been registered under the 1933 Act or any state securities
or “blue sky” laws and setting forth or referring to the restrictions on
transferability and sale thereof contained in this Subscription Agreement such
legend to be substantially as follows: 

  
    
      
        “NONE OF THE SECURITIES REPRESENTED HEREBY HAVE
          BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS,
          AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
          IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN
          ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
          TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT
          TO AN AVAILABLE 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.” 

      

    

  

9.2           
 The Subscriber hereby acknowledges and agrees to the Company making a
notation on its records or giving instructions to the registrar and transfer
agent of the Company in order to implement the restrictions on transfer set
forth and described in this Subscription Agreement. 

10.            
Resale Restrictions 

10.1          
The Subscriber acknowledges that any resale of any of the Shares will be subject
to resale restrictions contained in the securities legislation applicable to the
Subscriber or proposed transferee. The Subscriber acknowledges that none of the
Shares have been registered under the 1933 Act or the securities laws of any
state of the United States. The Shares may not be offered or sold in the United
States unless registered in accordance with federal securities laws and all
applicable state securities laws or exemptions from such registration
requirements are available. 

10.2           The
Subscriber acknowledges that in addition to resale restrictions imposed under
U.S. securities laws, there are additional restrictions on the Subscriber’s
ability to resell the Shares in Canada and the Shares may not be traded in Canada except as permitted by the applicable
provincial securities laws and the rules made thereunder. 

- 7 - 

10.3           Pursuant
to British Columbia Instrument 51-509 – Issuers Quoted in the U.S.
Over–the-Counter Markets (“BCI 51-509”), as adopted by the BCSC, a
subsequent trade in the Shares in or from British Columbia will be a
distribution subject to the prospectus and registration requirements of
applicable Canadian securities legislation (including the BC Act) unless certain
conditions are met, which conditions include, among others, a requirement that
any certificate representing the Shares (or ownership statement issued under a
direct registration system or other book entry system) bear the restrictive
legend (the “BC Legend”) specified in BCI 51-509. 

10.4                     The
Subscriber represents and warrants that the Subscriber is not a resident of
British Columbia and undertakes not to trade or resell any of the Shares in or
from British Columbia unless the trade or resale is made in accordance with BCI
51.509. The Subscriber understands and agrees that the Company and others will
rely upon the truth and accuracy of these representations and warranties made in
this Section 10, and agrees that if such representations and warranties are no
longer accurate or have been breached, the Subscriber shall immediately notify
the Company. 

10.5          
By executing and delivering this Agreement and as a consequence of the
representations and warranties made by the Subscriber in this Section 10, the
Subscriber will have directed the Company not to include the BC Legend on any
certificates representing the Shares to be issued to the Subscriber. As a
consequence, the Subscriber will not be able to rely on the resale provisions of
BCI 51-509, and any subsequent trade in any of the Shares in or from British
Columbia will be a distribution subject to the prospectus and registration
requirements of the BC Act. 

10.6          
If the Subscriber wishes to trade or resell any of the Shares in or from British
Columbia, the Subscriber agrees and undertakes to return, prior to any such
trade or resale, any certificate representing the Shares to the Company’s
transfer agent to have the BC Legend imprinted on such certificate or to
instruct the Company’s transfer agent to include the BC Legend on any ownership
statement issued under a direct registration system or other book entry system.

11.            
Collection of Personal Information 

11.1          
The Subscriber acknowledges and consents to the fact that the Company is
collecting the Subscriber’s personal information for the purpose of fulfilling
this Subscription Agreement. The Subscriber’s personal information (and, if
applicable, the personal information of those on whose behalf the Subscriber is
contracting hereunder) may be disclosed by the Company to (a) stock exchanges or
securities regulatory authorities, (b) the Company’s registrar and transfer
agent, (c) Canadian tax authorities, (d) authorities pursuant to the Proceeds
of Crime (Money Laundering) and Terrorist Financing Act (Canada) and (e) any
of the other parties involved in the issuance of the Shares, including legal
counsel, and may be included in record books in connection with the issuance of
the Shares. By executing this Subscription Agreement, the Subscriber is deemed
to be consenting to the foregoing collection, use and disclosure of the
Subscriber’s personal information (and, if applicable, the personal information
of those on whose behalf the Subscriber is contracting hereunder) and to the
retention of such personal information for as long as permitted or required by
law or business practice. Notwithstanding that the Subscriber may be purchasing
Shares as agent on behalf of an undisclosed principal, the Subscriber agrees to
provide, on request, particulars as to the identity of such undisclosed
principal as may be required by the Company in order to comply with the
foregoing. 

11.2           Furthermore,
the Subscriber is hereby notified that: 

	 	(a) 	
      the Company may deliver to a provincial securities
      commission and/or the SEC certain personal information pertaining to the
      Subscriber, including such Subscriber’s full name, residential address and
      telephone number, the number of shares or other securities of the Company
      owned by the Subscriber, the number of Shares purchased by the Subscriber
      and the total purchase price paid for such Shares, the prospectus
      exemption relied on by the Company and the date of distribution of the
      Shares,

- 8 - 

	 	(b) 	
      such information is being collected indirectly by the
      provincial securities commission under the authority granted to it in
      securities legislation, and

	 	 	 
	 	(c) 	
      such information is being collected for the purposes of
      the administration and enforcement of the securities legislation of
      Canada.

12.     
        Costs

12.1           The
Subscriber acknowledges and agrees that all costs and expenses incurred by the
Subscriber (including any fees and disbursements of any special counsel retained
by the Subscriber) relating to the purchase of the Shares shall be borne by the
Subscriber. 

13.            
Governing Law 

13.1          
This Subscription Agreement is governed by the laws of the Province of British
Columbia. 

14.            
Survival 

14.1           This
Subscription Agreement, including without limitation the representations,
warranties and covenants contained herein, shall survive and continue in full
force and effect and be binding upon the parties hereto notwithstanding the
completion of the purchase of the Shares by the Subscriber pursuant hereto. 

15.            
Assignment 

15.1           This
Subscription Agreement is not transferable or assignable. 

16.            
Severability 

16.1           The
invalidity or unenforceability of any particular provision of this Subscription
Agreement shall not affect or limit the validity or enforceability of the
remaining provisions of this Subscription Agreement. 

17.            
Entire Agreement 

17.1           Except
as expressly provided in this Subscription Agreement and in the agreements,
instruments and other documents contemplated or provided for herein, this
Subscription Agreement contains the entire agreement between the parties with
respect to the sale of the Shares and there are no other terms, conditions,
representations or warranties, whether expressed, implied, oral or written, by
statute or common law, by the Company or by anyone else. 

18.             
Notices 

18.1           Any
notice required or permitted to be given to the Company will be in writing and
may be given by prepaid registered post, electronic facsimile transmission or
other means of electronic communication capable of producing a printed copy to
the address of the Company set forth below or such other address as the Company
may specify by notice in writing to the Holder, and any such notice will be
deemed to have been given and received by the Company to whom it was addressed
if mailed, on the third day following the mailing thereof, if by facsimile or
other electronic communication, on successful transmission, or, if delivered, on
delivery; but if at the time or mailing or between the time of mailing and the
third business day thereafter there is a strike, lockout, or other labour
disturbance affecting postal service, then the notice will not be effectively
given until actually delivered: 

- 9 - 

Kore Nutrition Incorporated 
2506
Anthem Village Suite E460 
Henderson, Nevada USA 89052 

Attention: Jeffrey Todd, CEO &
Director 
Fax No. (702) 548-1160 

with a copy, which shall not
constitute notice, to: 

Clark Wilson LLP 
Barristers and
Solicitors 
800 – 885 West Georgia Street 
Vancouver, British Columbia

Canada V6C 3H1 

Attention: Virgil Z. Hlus 
Fax:
(604) 687-6314 

19.            
Counterparts and Electronic Means 

19.1           This
Subscription Agreement may be executed in any number of counterparts, each of
which, when so executed and delivered, shall constitute an original and all of
which together shall constitute one instrument. Delivery of an executed copy of
this Agreement by electronic facsimile transmission or other means of electronic
communication capable of producing a printed copy will be deemed to be execution
and delivery of this Agreement as of the date hereinafter set forth. 

IN WITNESS WHEREOF the Subscriber has duly executed this
Subscription Agreement as of the date of acceptance by the Company. 

	 	 	 
	(Name of Subscriber) 	 	(Email Address) 
	 	 	 
	 	 	 
	(Signature) 	 	(Telephone Number) 
	 	 	 
	 	 	 
	(Address) 	 	(Social Security Number, Employment 
	  	 	Identification Number or other Tax
      Identification 
	  	 	Number) 
	 	 	 
	 	 	 
	(City, State, Zip Code) 	 	Number of Shares Purchased 
	  	 	 
	 	 	 
	(Country) 	 	Total Purchase Price

- 10 - 

A C C E P T A N C E 

The above-mentioned Subscription Agreement in respect of the
Shares is hereby accepted by Kore Nutrition Incorporated. 

DATED at Vancouver, British Columbia, the _______ day of
____________________, 2010. 

KORE NUTRITION INCORPORATED 

 

Per:        
______________________________________
               
Authorized Signatory 

EXHIBIT A 

US INVESTOR QUESTIONNAIRE 

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement between the
undersigned and Kore Nutrition Incorporated (the “Company”). 

This Questionnaire is for use by each Subscriber who is a US
person (as that term is defined Regulation S of the United States Securities Act
of 1933 (the “1933 Act”)) and has indicated an interest in purchasing
Shares of the Company. The purpose of this Questionnaire is to assure the
Company that each Subscriber will meet the standards imposed by the 1933 Act and
the appropriate exemptions of applicable state securities laws. The Company will
rely on the information contained in this Questionnaire for the purposes of such
determination. The Shares will not be registered under the 1933 Act in reliance
upon the exemption from registration afforded by Section 3(b) and/or Section
4(2) and Regulation D of the 1933 Act. This Questionnaire is not an offer of the
Shares or any other securities of the Company in any state other than those
specifically authorized by the Company. 

All information contained in this Questionnaire will be treated
as confidential. However, by signing and returning this Questionnaire, each
Subscriber agrees that, if necessary, this Questionnaire may be presented to
such parties as the Company deems appropriate to establish the availability,
under the 1933 Act or applicable state securities law, of exemption from
registration in connection with the sale of the Shares hereunder. 

The Subscriber covenants, represents and warrants to the
Company that it satisfies one or more of the categories of “Accredited
Investors”, as defined by Regulation D promulgated under the 1933 Act, as
indicated below and will continue to satisfy such categories upon each of the
Closing Dates: (Please initial in the space provide those categories, if any, of
an “Accredited Investor” which the Subscriber satisfies.) 

	_______	Category 1 	An organization described in
      Section 501(c)(3) of the United States Internal Revenue Code, a
      corporation, a Massachusetts or similar business trust or partnership, not
      formed for the specific purpose of acquiring the Shares, with total assets
      in excess of US $5,000,000. 
	 	  	  
	_______	Category 2 	A natural person whose individual
      net worth, or joint net worth with that person’s spouse, on the date of
      purchase exceeds US $1,000,000. 
	 	  	  
	_______	Category 3 	A natural person who had an
      individual income in excess of US $200,000 in each of the two most recent
      years or joint income with that person’s spouse in excess of US $300,000
      in each of those years and has a reasonable expectation of reaching the
      same income level in the current year. 
	 	  	  
	_______	Category 4 	A private business development
      company as defined in Section 202(a)(22) of the Investment Advisers Act
      of 1940 (United States). 
	 	  	  
	_______	Category 5 	A director or executive officer
      of the Company. 
	 	  	  
	_______	Category 6 	A trust with total assets in
      excess of $5,000,000, not formed for the specific purpose of acquiring the
      Shares, whose purchase is directed by a sophisticated person as described
      in Rule 506(b)(2)(ii) under the 1933 Act. 
	 	  	  
	_______	Category 7 	An entity in which all of the
      equity owners satisfy the requirements of one or more of the foregoing
      categories. 

Note that prospective Subscribers claiming to satisfy one of
the above categories of Accredited Investor may be required to supply the
Company with a balance sheet, prior years’ federal income tax returns or other
appropriate documentation to verify and substantiate the Subscriber’s status as
an Accredited Investor. 

If the Subscriber is an entity which initialled Category 7 in
reliance upon the Accredited Investor categories above, state the name and
address for each equity owner of the said entity and which of Categories 1 to 6
each such equity owner falls into.

_____________________________________________________________________________________________

- 12 - 

Note that prospective Subscribers claiming to satisfy one of
the above categories of Accredited Investor may be required to supply the
Company with a balance sheet, prior years’ federal income tax returns or other
appropriate documentation to verify and substantiate the Subscriber’s status as
an Accredited Investor. 

The Subscriber hereby certifies that the information contained
in this Questionnaire is complete and accurate and the Subscriber will notify
the Company promptly of any change in any such information. If this
Questionnaire is being completed on behalf of a corporation, partnership, trust
or estate, the person executing on behalf of the Subscriber represents that it
has the authority to execute and deliver this Questionnaire on behalf of such
entity. 

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the _______ day of __________________, 2010. 

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	 	 	 
	Print of Type Name of Entity 	 	Signature 
	 	 	 
	 	 	 
	Signature of Authorized Signatory 	 	Print or Type Name 
	 	 	 
	 	 	 
	Type of Entity 	 	Social Security/Tax I.D. No.

EXHIBIT B 

CANADIAN INVESTOR QUESTIONNAIRE 

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement between the
undersigned and Kore Nutrition Incorporated (the “Company”). 

The purpose of this Questionnaire is to assure the Company that
the Subscriber will meet certain requirements of National Instrument 45-106 (“NI
45-106”). The Company will rely on the information contained in this
Questionnaire for the purposes of such determination. 

The Subscriber covenants, represents and warrants to the
Company that as of the date hereof and as of each of the Closing Dates: 

	 	1. 	
      The Subscriber is (tick one or more of the following
      boxes):

	 	[  ]	(A) 	
      a director, executive officer, founder or control person
      of the Company or an affiliate of the Company

	 	 	 	 
	 	[  ]	(B) 	
      a spouse, parent, grandparent, brother, sister or child
      of a director, executive officer, founder or control person of the Company
      or an affiliate of the Company

	 	 	 	 
	 	[  ] 	(C) 	
      a parent, grandparent, brother, sister or child of the
      spouse of a director, executive officer, founder or control person of the
      Company or an affiliate of the Company

	 	 	 	 
	 	[  ] 	(D) 	
      a close personal friend of a director, executive officer,
      founder or control person of the Company

	 	 	 	 
	 	[  ] 	(E) 	
      a close business associate of a director, executive
      officer, founder or control person of the Company or an affiliate of the
      Company

	 	 	 	 
	 	[  ] 	(F) 	
      an accredited investor

	 	 	 	 
	 	[  ] 	(G) 	
      a company, partnership or other entity of which a
      majority of the voting securities are beneficially owned by, or a majority
      of the directors are, persons described in paragraphs A to F

	 	 	 	 
	 	[  ] 	(H) 	
      a trust or estate of which all of the beneficiaries or a
      majority of the trustees or executors are persons described in paragraphs
      A to F

	 	2. 	
      If the Subscriber has checked box B, C, D, E, G or H in
      Section 1 above, the director, executive officer, founder or control
      person of the Company with whom the undersigned has the relationship
      is:

	 	 	 
	 	 	 
	 		
      (Instructions to Subscriber: fill in the name of each
      director, executive officer, founder and control person which you have the
      above-mentioned relationship with.).

	 	 	 
	 	3. 	
      If the Subscriber has checked box G or H, indicate which
      of boxes A to F provide the name and address of each shareholder,
      director, trustee or beneficiary of the company, partnership, trust,
      estate or other entity, as applicable. Please attach a separate page if
      necessary.

	 	 	 
	 	 	 
	 	 	 
	 	 	 

- 14 - 

	 	4. 	
      If the Subscriber has ticked box F in Section 1 above,
      the Subscriber satisfies one or more of the categories of “accredited
      investor” (as that term is defined in NI 45-106) indicated below (please
      check the appropriate box):

	 	[  ] 	
      (a) an individual who either alone or with a spouse
      beneficially owns, directly or indirectly, financial assets (as defined in
      NI 45-106) having an aggregate realizable value that before taxes, but net
      of any related liabilities, exceeds CDN$1,000,000;

	 	 	 
	 	[  ] 	
      (b) an individual whose net income before taxes exceeded
      CDN$200,000 in each of the two more recent calendar years or whose net
      income before taxes combined with that of a spouse exceeded CDN$300,000 in
      each of those years and who, in either case, reasonably expects to exceed
      that net income level in the current calendar year;

	 	 	 
	 	[  ] 	
      (c) an individual who, either alone or with a spouse, has
      net assets of at least CDN $5,000,000;

	 	 	 
	 	[  ] 	
      (d) a person, other than an individual or investment
      fund, that had net assets of at least CDN$5,000,000 as reflected on its
      most recently prepared financial statements; or

	 	 	 
	 	[  ] 	
      (e) a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting securities
      required by law are persons or companies that are accredited
    investors.

	 	
      If option (e) is selected, provide the name and address
      of each shareholder, director, trustee or beneficiary of the company,
      partnership, trust, estate or other entity, as applicable. Please attach a
      separate page if necessary. 

	 	 
	 	 
	 	 
	 	 

The Subscriber acknowledges and agrees that the Subscriber may
be required by the Company to provide such additional documentation as may be
reasonably required by the Company and its legal counsel in determining the
Subscriber’s eligibility to purchase the Shares under relevant legislation. 

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the ________ day of ______________________, 2010. 

	 	 	 
	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	 	 	 
	Print of Type Name of Entity 	 	Signature 
	 	 	 
	 	 	 
	Signature of Authorized Signatory 	 	Print or Type Name 
	 	 	 
	 	 	 
	Type of Entity 	 	Social Security/Tax I.D. No.Ecologic Transportation, Inc. - Exhibit 10.10 - Filed by newsfilecorp.com

ADVISORY AGREEMENT FOR EXECUTIVE SERVICES OF

  NORMAN A. KUNIN 

AGREEMENT dated as of January 1, 2010 (the “Effective
Date”) between Ecologic Transportation, Inc., a Nevada corporation (the
"Company"); and Kunin Business Consulting, a division of Ace
Investors, LLC ("Lender” or “KBC”) for the services
of Lender’s employee, Norman A. Kunin (the "Executive").

1. Services, employment and acceptance. The Company
engages Lender to provide and Lender agrees to supply and make available to the
Company, the non-exclusive services of the Executive to serve as Chief Financial
Officer of the Company and have the general powers and duties of management that
are usually vested in officers of a corporation with the same title and shall
have such other powers and duties as may be prescribed by the Board of Directors
of the Company (“Board”). In his capacity as Chief Financial
Officer the Executive shall perform such services as shall be requested by the
Board (all such duties and responsibilities, collectively, the
“Services”). While the Executive will be provided and will from
time to time use office space at the Company’s principal office, the parties
agree the Services of the Executive are part-time and that the Executive shall
devote the time, effort, and skill that he reasonably believes is necessary to
carry out the Services. The Executive is not required to devote all of his time
or efforts to the Services or the Company. 

2. Term and Option. The term of the engagement of
Services provided for in Section 1 of this Agreement shall be for one (1) year
commencing on January 1, 2010 with a one (1) year option to continue upon
mutually agreeable terms (the “Term and Option”)

3. Compensation.

         
3.1 Executive Fee: 
As compensation for all services to be
rendered pursuant to this Agreement, the Company agrees to pay Lender during the
Term a fee (the "Executive Fee"), payable twice per month, in
accordance with the Company’s normal payroll practices, at the monthly rate of
Five Thousand Dollars ($5,000.00) . Lender shall be paid as a fully independent
contractor and shall be solely responsible for any withholdings and deductions
required by applicable law and regulations.

	China Am/Kunin Loan-Out Agreement 	1 	 

         
3.2 Executive Equity Compensation: 
In addition, the Company
agrees to issue to KBC or its designee, upon execution of this Agreement,
__________________(_______) common stock warrants of the Company. Such warrants
shall be exercisable for three (3) years after date of issuance, have an
exercise price of ____________($__) and shall have a cashless exercise provision
(“Executive Equity Compensation”). 

         
3.3 Executive Expense Reimbursement: 
In addition to the
Executive Fee, Lender shall be entitled to reimbursement by the Company for any
documented ordinary and necessary business expense incurred by the Executive in
the performance of the Executive's Services for the Company during the Term,
including a monthly automobile allowance in the amount of Three Hundred Dollars
($300.00) and local transportation and parking (such reimbursements to include
reimbursement in full for business-related meal and entertainment expenses
incurred by the Executive notwithstanding the fact that less than one hundred
percent (100%) of such expenses may be deductible by the Company for income tax
purposes) (“Expenses”). 

4. Termination. 

4.1 Death. If the Executive shall die during the Term,
the Term shall terminate immediately. 

4.2 Disability. If during the Term, the Executive shall
become physically or mentally disabled, whether totally or partially, such that
the Executive is unable to perform the Executive's principal services hereunder
for (i) a period of three (3) consecutive months during the Term, the Company
may at any time after the last day of the three (3) consecutive months of
disability, by written notice to the Executive (but before the Executive has
recovered from such disability), terminate the Term. 

4.3 Cause. The Term may be terminated by the Company upon
  notice to the Lender upon the occurrence of any event constituting "Cause" as
  defined herein. As used herein, the term "Cause" means: (i) the
  Executive's repeated, willful and intentional failure or refusal to perform
  or observe any of their material duties, responsibilities or obligations set
  forth in this Agreement; provided, however, that the Company shall not
  be deemed to have Cause pursuant to this clause (i) unless the Company gives
  the Lender written notice that the specified conduct has occurred, describing
  such conduct in sufficient detail to allow the conduct to be cured, and making
  specific reference to this Section 4.3(i) and the Lender or the Executive, as
  the case may be, fails to cure the conduct within thirty (30) days after the
  Lender's receipt of such notice; (ii) any willful and intentional acts of the
  Lender or the Executive involving fraud, theft, misappropriation of funds, embezzlement
  or material dishonesty adversely affecting the Company; or (iii) the Executive's
  conviction of, or plea of guilty or nolo contendre to, an offense which is a
  felony involving moral turpitude which is punishable by imprisonment in the
  jurisdiction involved. 

	China Am/Kunin Loan-Out Agreement 	2	 

4.4 Permitted Termination by the Lender. The Term may
  be terminated by the Lender, in its sole discretion, upon notice to the Company
  of any event constituting "Good Reason," as defined herein. As used herein,
  the term "Good Reason" means the occurrence of any of the following,
  without the prior written consent of the Lender: (i) assignment of the Executive
  to duties materially inconsistent with the Executive's position as described
  in Section 1 hereof; (ii) any material breach of this Agreement by the Company
  or assignment of any duties which the Executive reasonably believes to be contrary
  to law; or (iii) the occurrence of a Third Party Change in Control (as defined
  in Section 4.5(d)) provided, however, that the Lender shall not be deemed
  to have Good Reason pursuant to clauses (i) and (ii) above unless the Lender
  gives the Company written notice that the specified conduct or event has occurred
  and is continuing and making specific reference to this Section 4.4 and the
  Company fails to cure such conduct or event within thirty (30) days of receipt
  of such notice. 

4.5 Termination Fee. (a) If the Term is terminated (A) pursuant to Section 4.2 or 4.3 of this Agreement, the Lender shall be entitled to receive any unpaid Expenses and its Executive Fee at the rate provided in Section 3 hereof, pro rata
through the date on which such termination shall take effect. 

(b) If the Term is terminated (A) by the Lender pursuant to clauses (i) or (ii) of Section 4.4 of this Agreement (but subject to the proviso in Section 4.4) or (B) by the Company other than pursuant to Section 4.2 or 4.3 of this Agreement, the
Company shall continue thereafter to pay any unpaid Expenses and the Executive Fee to the Lender until the lesser of the end of the Term or three (3) months (one (1) month if the termination results from the closing of the Company’s business.
The Lender shall have no duty or obligation to mitigate the amounts or benefits required to be provided pursuant to this Section 4.5(b), nor shall any such amounts or benefits be reduced or offset by any other amounts to which Lender may become
entitled.

 5. Lender Representations. The Lender represents that
  it is a validly existing limited liability company and has the sole and exclusive
  right and authority to provide the services of the Executive to the Company
  as contemplated by this Agreement, and that the entering into and performance
  of this Agreement by the Lender and the provision of the Services hereunder
  by the Executive and the acceptance thereof by the Company will not violate
  any law, rule, regulation, order, contract or agreement to which either the
  Lender or the Executive is a party or is bound or affected. 

	China Am/Kunin Loan-Out Agreement 	3	 

6. Independent Contractors; No Joint Venture; Payroll Taxes.
The parties acknowledge and agree that for purposes of provision of the
Executive’s Services hereunder, the relationship between the Company and the
Lender pursuant to this Agreement is that of independent contractors and not
that of employer and employee. Nothing in this Agreement is intended to create
or will be deemed to create or constitute a joint venture, partnership,
employment relationship or any other relationship between the Company and the
Lender, or between the Company and the Executive other than as is expressly
provided herein. Notwithstanding the foregoing, the independent contractor
relationship pursuant to this Agreement shall not otherwise govern the status of
or affect any other agreements between the parties. The Lender will be
responsible for the payment of all withholding, payroll and other taxes payable
in respect of the payments received by the Lender under this Agreement. 

6A.   
 Non-Compete/Confidentiality. The Company owns, or
controls the exclusive rights to certain trade secrets, including all
acquisition targets, customer lists, processes, know-how, computer programs and
routines, and other proprietary business and technical data, including (without
limitation) Company Property (defined below). Executive and Lender each
acknowledges that these are proprietary in nature, and therefore neither of them
shall not use, divulge or appropriate any of the same to any third party or
otherwise use them to the detriment of the Company, either during or following
the termination or expiration of this Agreement.

          6A.1.
  Non-Disclosure of Proprietary Information. Executive and Lender each
  agrees not to use, disclose or communicate, in any manner, proprietary information
  about the Company, its operations, finances, clientele, or any other proprietary
  information, that relates to the business of the Company or any of the Company’s
  Affiliates (defined below), the names of any of their respective customers,
  marketing strategies, operations, or any other information of any kind which
  is identified as, or which a reasonable person in the position of the Executive
  or Lender would understand to be, confidential or proprietary information. Executive
  and Lender each acknowledges that the foregoing information is material and
  confidential and that it affects the profitability and/or reputation of the
  Company. By agreeing to this covenant, Executive and Lender each acknowledges
  that their contributions to the Company are unique to the Company’s success
  and that each has significant access to the Company’s trade secrets and
  other confidential or proprietary information regarding Employer’s customers
  or clients and methods of conducting business. Executive and Lender each understands
  and agrees that any breach of this provision, or of any other confidentiality
  and 

	China Am/Kunin Loan-Out Agreement 	4	 

non-disclosure agreement, is a material breach of this
Agreement. “Affiliate” means the members of the Company, and each of
their respective officers, directors, partners, members, and equity holders.

          6A.2.
Non-Solicitation Covenant. Executive and Lender each agrees that for a
period of three (3) years following termination of employment, for any reason
whatsoever, neither of them will solicit customers or clients of the Company or
any Affiliate either on his or its own behalf or on behalf of others.

          6A.3.
Non-Recruit Covenant. Executive and Lender each agrees not to recruit any
employees of the Company or any Affiliate for the purpose of any outside
business either during or for a period of three (3) years after Executive’s
tenure of employment with the Company. Executive and Lender each agrees that
such effort at recruitment also constitutes a violation of the non-solicitation
covenant set forth above.

          6A.4.
Customers or Clientele. Executive and Lender each agrees that existing
customers or clients of Executive or Lender will become the property of the
Company and any customers or clientele generated by Executive or Lender in
connection with the performance of this Agreement are the customers and
clientele of the Company and subject to the non-disclosure and non-solicitation
covenants set forth above. 

          6A.5.
Records and Accounts. Executive and Lender each agrees that all those
records and accounts maintained during the course of employment are the property
of the Company, will be kept current and be maintained at the Company’s place of
business, including, but not limited to, online and email records and
communications and will remain the Company’s property following termination of
employment. 

          6A.6.
Return of Property. Executive and Lender each agrees that upon
termination he and it will return to the Company all property of the Company or
any Affiliate that he or it may have come to possess, including, but not limited
to, Company Property, customer lists, operation manuals, employee handbooks,
records and accounts, customer and Employer information, credit cards, business
documents, reports, automobiles, keys, passes, and security devices, and will
not keep or transfer to any other person any copy thereof in any form or medium.

          6A.7.
  Ownership. Executive agrees (a) that any copyrights, moral rights, trademarks,
  trade names, service marks, trade secrets customer lists, inventions, ideas,
  logos, diagrams, drawings, products, designs, software or other technologies,
  patents or any other intellectual property (and all rights and proceeds therein
  and thereto and to any other thing of 

	China Am/Kunin Loan-Out Agreement 	5	 

value that may result from Executive’s services under this Agreement) created, obtained, perfected, modified, amended or otherwise developed or contributed to, in part or whole, by the Executive, during the Term are “works made for
hire” for, and are the exclusive property of, Employer (“Company Property”); (b) that to the extent that any of Employer Property at any time, during or after the Term, is deemed not to be a work made for hire under any
applicable law, Executive hereby unconditionally, exclusively and irrevocably assigns and transfers all rights, title and interest in and to the same to Employer without any additional consideration being required therefor; and (c) that but for such
agreement, Employer would not have entered into this Agreement or otherwise employed the Executive. 

7. Arbitration. Employer’s right to pursue equitable remedies with respect to the enforcement of Section 6A. above, any dispute between the parties hereto related to this Agreement not settled by mutual agreement within a reasonable
period of time, but in no event within more than 30 days, shall be resolved exclusively by final and binding arbitration administered by the American Arbitration Association (“AAA”) in accordance with its commercial arbitration
rules of practice then in effect. Any arbitration shall be an arbitrator mutually agreeable to each of the parties; provided, however, that if the parties shall not agree upon an arbitrator within 15 days of institution of arbitration proceedings,
the AAA shall appoint the arbitrator. Any arbitration proceedings under this Section shall be held in the City of Los Angeles, CA. The decision of the arbitrator shall be final and binding, and shall not be subject to any appeal. Judgment may be
entered upon the decision by any state or federal court in New York and the parties hereto hereby consent to the personal jurisdiction of any state or federal court in California for such purpose. Each party hereto irrevocably consents to service of
process in any such court in the manner provided for the giving of notice and to the addresses for them included in the records of the Company. The losing party, as determined by the arbitrators, shall pay all reasonable out-of-pocket expenses
(including, without limitation, reasonable attorneys’ fees) incurred by the prevailing party, as determined by the arbitrator, in connection with any such dispute unless the arbitrator shall direct otherwise. 

 8. Notices. All notices, requests, consents and other
  communications required or permitted to be given hereunder shall be in writing
  and shall be deemed to have been duly given if delivered personally, sent by
  overnight courier or mailed first class, postage prepaid, by registered or certified
  mail (notices mailed shall be deemed to have been given on the date mailed),
  as follows (or to such other address as either party shall designate by notice
  in writing to the other in accordance herewith): 

	China Am/Kunin Loan-Out Agreement 	6	 

If to the Company, to: 

Ecologic Transportation, Inc. 
1327 Ocean Avenue, Suite B,
Santa Monica CA 90401 

  Attention: ______________________

If to the Lender, to: 

Ace Investors, LLC 
1390 Redsail Circle, Westlake Village,
CA 91361 

  Attention: Norman A. Kunin 

9. Indemnity 

The Company hereby agrees to indemnify the Lender and the
Executive as follows: 

9.1 Scope. The Company shall indemnify and hold harmless
the Lender and the Executive against any expense or liability incurred in
connection with any threatened, pending or completed third-party action, suit or
proceeding, whether civil or criminal, administrative or investigative, to which
they are a party or are threatened to be made a party by reason of the
Executive’s Services as an officer and executive hereunder. The payments which
the Company will be obligated to make hereunder shall include, but not be
limited to, damages, judgments, fines, settlements, costs of investigation,
costs (including reasonable attorney's fees) of defense and legal actions,
claims or proceedings and appeals therefrom, and costs of attachment or similar
bonds. 

9.2 Exception. The Company shall not be obligated under
this Agreement to make payment in regard to any liability or expense of the
Lender or the Executive: 

(a) if the action, suit or proceeding that is the subject of
the indemnification is the result of negligence by the Executive or the Lender,
or as a result of a material breach of this Agreement by the Lender or the
Executive as finally determined by a court with proper jurisdiction; 

(b) to the extent the Company reasonably determines, based upon
advice of independent counsel, that such payment is prohibited by applicable
law; 

(c) to the extent the Lender and/or the Executive is entitled
  to payment in regard to such liability or expense under a valid and collectible
  insurance policy; 

	China Am/Kunin Loan-Out Agreement 	7	 

(d) to the extent the Lender and/or the Executive is indemnified by the Company in regard to such liability or expense other than pursuant to this Agreement; 

(e) if such liability or expense is based upon or attributable to the Lender and/or the Executive gaining any personal profit or advantage to which it/he was not legally entitled; or 

(f) if such liability or expense is brought about, or to the extent it is contributed to by, the dishonesty of the Lender and/or the Executive seeking payment hereunder. 

9.3 Subrogation. In the event of payment under this Section 9, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Lender and the Executive, who shall execute all papers required and shall do
everything that may be reasonably necessary to secure such rights, including the execution of such documents as are necessary to enable the Company effectively to bring suit to enforce such rights. 

9.4 Notice of Claim. The Lender and/or the Executive shall immediately give to the Company notice in writing of any claim made against it/him for which indemnity will or could be sought under this Agreement. In addition, the Lender and the
Executive shall give the Company such information and cooperation as it may in its sole discretion require and as shall be within the Lender’s and the Executive's power. Failure to give such notice, information or cooperation shall excuse the
indemnification obligations of the Company hereunder only to the extent that such failure results in actual loss, cost or expense to the Company in material amount. 

9.5 Advances. Costs and expenses (including reasonable attorneys' fees) incurred by the Lender and/or the Executive in defending or investigating any action, suit, proceeding or investigation shall be paid by the Company in advance of the
final disposition of such matter, subject to the Lender and the Executive hereby agreeing that it/he shall repay any such advances in the event that it is ultimately and finally determined by a court with proper jurisdiction that the Lender and/or
the Executive is not entitled to indemnification under the terms of this Agreement. 

 9.6 Costs Incurred as a Witness.  Notwithstanding any
  provision in this Section 11, to the extent that the Executive is, by reason
  of his service as an officer, agent or fiduciary of the Company, a witness in
  any action, suit or proceeding to which the Executive is not a party, he shall
  be indemnified for all documented costs and expenses actually and reasonably
  incurred by him or on his behalf in connection therewith. 

	China Am/Kunin Loan-Out Agreement 	8	 

9.7 Effect on Other Rights. Nothing herein shall be
deemed to diminish or otherwise restrict the Lender’s or the Executive's right
to indemnification under any provision of the Articles of Incorporation of the
Company or applicable law. 

10. General. 

10.1 This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of California, without regard
to the conflict of law principles of such state. 

10.2 The section headings contained herein are for reference
purposes only and shall not in any way affect the meaning or interpretation of
this Agreement. 

10.3 This Agreement sets forth the entire agreement and
understanding of the parties relating to the subject matter hereof and
supersedes all prior and contemporaneous agreements, arrangements and
understandings, written or oral, relating to the subject matter hereof. No
representation, promise or inducement has been made by either party that is not
embodied in this Agreement, and neither party shall be bound by or liable for
any alleged representation, promise or inducement not so set forth. Both parties
acknowledge that the Lender is a limited liability company. 

10.4 This Agreement, and the parties’ rights and obligations
hereunder, may not be assigned by either party.

10.5 This Agreement may be amended, modified, superseded,
canceled, renewed or extended and the terms or covenants hereof may be waived,
only by a written instrument executed by both of the parties hereto, or in the
case of a waiver, by the party waiving compliance. The failure of either party
at any time or times to require performance of any provision hereof shall in no
manner affect the right at a later time to enforce the same. No waiver by either
party of the breach of any term or covenant contained in this Agreement, whether
by conduct or otherwise, in any one or more instances, shall be deemed to be, or
construed as, a further or continuing waiver of any such breach, or a waiver of
the breach of any other term or covenant contained in this Agreement. 

10.6 This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, will be deemed to constitute
one and the same agreement. 

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

	China Am/Kunin Loan-Out Agreement 	9	 

THE COMPANY:
Ecologic Transportation, Inc. 

____________________________ 
By:
________________________
Its: ________________________

THE LENDER: 
Kunin Business Consulting, a division of
Ace Investors LLC 

____________________________
By: Norman A. Kunin 

  Its: Managing Member 

Ratification 

The undersigned, Norman A. Kunin, hereby consents to the terms
and conditions of, and agrees to perform all of the duties, obligations and
services required of the Executive under the foregoing agreement. The
undersigned further agrees to look solely to the Lender and not to the Company
for all compensation and benefits to which he may be entitled under the
Agreement for performing the duties, obligations and services required therein.

____________________________ 

  Norman A. Kunin, in his individual capacity 

	China Am/Kunin Loan-Out Agreement 	10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]