Document:

Mount Knowledge Holdings, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

INDEPENDENT CONTRACTOR AGREEMENT
(Ucandu Learning
Centers, Inc.)

     THIS INDEPENDENT CONTRACTOR
AGREEMENT is entered into as of the 28th day of December 2010,
between MOUNT KNOWLEDGE HOLDINGS, INC. (“the Company”) and UCANDU LEARNING
CENTERS, INC. (“the Contractor”).

     1. Engagement. Subject to
the terms and conditions of this Agreement, the Company hereby engages the
Contractor to perform the services set forth herein, and the Contractor hereby
accepts such engagement.

     2. Duties, Term, and
Compensation. The Contractor’s duties, term of engagement, compensation and
provisions for payment thereof shall be as set forth in Schedule A, which may be
amended in writing from time to time in accordance with Section 22 hereof, or
supplemented with subsequent payments for services to be rendered by the
Contractor and agreed to by the Company, and which collectively are hereby
incorporated by reference. During the term of this Agreement, the Contractor
shall devote as much of its productive time, energy and abilities to the
performance of its duties hereunder as is necessary to perform the required
duties in a timely and productive manner. The Contractor is expressly free to
perform services for other parties while performing services for the
Company.

     3. Expenses. During the
term of this Agreement, the Contractor shall bill and the Company shall
reimburse Contractor for all reasonable and out-of-pocket expenses incurred in
connection with the performance of the duties hereunder, such expenses having
been approved by the Company in writing prior to being incurred by the
Contractor.

     4. Written Reports. The
Company may periodically request that project plans and progress reports be
provided by Contractor. The Company may request that quarterly and/or annual
results reports be provided by Contractor. The result reports shall be written
and in such form as is reasonably requested by the Company.

     5. Independent Contractor.
This Agreement shall not render the Contractor or any of its affiliates an
officer, director, employee, partner, agent of, or partner in a joint venture
with the Company for any purpose. The Contractor is and will remain an
independent contractor in its relationship to the Company. The Company shall not
be responsible for withholding taxes with respect to the Contractor’s
compensation hereunder. The Contractor shall have no claim against the Company
hereunder or otherwise for vacation pay, sick leave, retirement benefits, social
security, worker’s compensation, health or disability benefits, unemployment
insurance benefits, or employee benefits of any kind.

     6. Inventions. Except as
otherwise agreed to by the Company in writing, any and all writings (except
authored writings for publishing purposes only, not for the development or sale
of products or services), inventions, discoveries, improvements, processes,
procedures, techniques, developments and innovations which Contractor makes,
conceives, discovers or develops, either solely or jointly with any other person
or persons, at any time during the term of this Agreement, whether or not during
working hours and whether or not at the request or upon the suggestion of the
Company or any of its affiliates, which relate to or are useful in connection
with the business of the Company shall be the sole and exclusive property of the
Company. Contractor shall make full disclosure to the Company of all such
writings, inventions, discoveries, improvements, processes, procedures,
techniques, developments and innovations and shall, at the Company’s request, do everything necessary or desirable to vest
the absolute title thereto in the Company. Any and all writings, inventions,
discoveries, improvements, processes, procedures, techniques, developments and
innovations which Contractor has made, conceived, discovered or developed,
either solely or jointly with any other person or persons, prior to the
commencement of this Agreement and utilized by Contractor in rendering its
duties to the Company are hereby licensed to the Company for use in its
operations and for an infinite duration. This license is non-exclusive, and may
be assigned without the Contractor’s prior written approval by the Company to an
affiliate of the Company.

     7. Confidentiality.
Contractor acknowledges that during the performance of its duties and
obligations pursuant to this Agreement, Contractor may receive, learn or
otherwise become aware of information regarding the Company including without
limitation its business methods, strategies, policies, procedures, techniques,
research, historical or projected financial information, budgets, trade secrets,
or any other confidential information of or relating to or dealing with the
business operations, activities or strategies of the Company (“Confidential
Information”). Contractor shall not use, disclose or communicate any of
Confidential Information other than for the purpose of fulfilling Contractor’s
duties and obligations under this Agreement. Contractor shall not disclose or
communicate Confidential Information, except to those individuals or entities
who are directly involved in Contractor’s performance under this Agreement, each
of such individuals or entities having first agreed, in writing, to be bound by
the provisions of this paragraph. All memoranda, notes, lists, records, files
documents and other papers and like items (and all copies, extracts and
summaries thereof) made or compiled by Contractor or made available to
Contractor containing Confidential Information or concerning the business of the
Company shall be the Company’s property and shall be returned to the Company
promptly upon termination of this Agreement or at any other time upon request by
the Company. Confidential Information shall not include information (i) known to
or owned by Contractor prior to the date of this Agreement, (ii) developed by
Contractor independent of the Company, (iii) that was at the time of disclosure
to Contractor or thereafter became public acknowledge through no fault or
omission of Contractor; or, (iv) was lawfully obtained by Contractor from a
third party under no obligation of confidentiality to the Company. For purposes
of this paragraph, the term “Contractor” includes without limitation the
Contractor and its subsidiaries and their respective officers, directors,
employees, consultants, advisors, agents, contractors and subcontractors.

     8. Non-Solicitation. For a
period of twelve (12) months following the termination of this Agreement, the
Contractor shall not, for its own benefit or the benefit of any third party,
directly or indirectly, induce or attempt to influence any current, former or
prospective employee, consultant, contractor, customer, independent contractor,
vendor or supplier of the Company or any of its affiliates to terminate,
diminish, or not establish an employment or other relationship with the Company
or any of its affiliates.

     9. Right to Injunction.
The parties hereto acknowledge that the services to be rendered by the
Contractor under this Agreement and the rights and privileges granted to the
Company under the Agreement are of a special, unique, unusual, and extraordinary
character which gives them a peculiar value, the loss of which cannot be
reasonably or adequately compensated by damages in any action at law, and the
breach by the Contractor of any of the provisions of this Agreement will cause
the Company irreparable injury and damage. The Contractor expressly agrees that
the Company shall be entitled to injunctive and other equitable relief in the
event of, or to prevent, a breach of any provision of this Agreement by the
Contractor. Resort to such equitable relief, however, shall not be construed to
be a waiver of any other rights or remedies that the Company may have for
damages or otherwise. The various rights and remedies of the Company under this
Agreement or otherwise shall be construed to be cumulative, and no one of them
shall be exclusive of any other or of any right or remedy allowed by
law.

2

     10. Termination. The
Company may terminate this Agreement at any time by thirty (30) days’ written
notice to the Contractor; provided, however, that this Agreement shall terminate
immediately upon written notification to the Contractor in the event of
Contractor’s termination for “Cause.” Should Company terminate this Agreement
without Cause, Contractor shall continue to receive the Monthly Payment Amount
(as defined in Schedule A hereto), as such payment would have been paid had this
Agreement not been terminated, for the Applicable Period. For purposes of this
Agreement, “Applicable Period” means (A) if such termination occurs on or before
December 31, 2011, the period of time between the date on which this Agreement
was terminated and December 31, 2011 plus eight (8) months following December
31, 2011; or (B) if such termination occurs after December 31, 2011, the period
of time that is the lesser of (i) eight (8) months after the date this Agreement
was terminated, or (ii) the period of time between the date on which this
Agreement was terminated and the end of the Term (as defined in Schedule A
hereto).

     11. Termination by Company for
Cause. Termination for any of these events shall constitute termination for
“Cause”:

     11.1 if the Contractor or any of
its affiliates is convicted of, or enters a plea of nolo contendere (or similar
plea) with respect to, any crime or offense, fails or refuses to comply with the
rules, policies, procedures or plan or express direction of its Board of
Directors, commits any act of fraud, personal dishonesty or misappropriation
relating to or involving the Company, materially breaches or neglects the any
provision of this Agreement, including if Contractor or any of its affiliates
performs its duties in an incompetent manner as determined by the Board of
Directors in its sole discretion.

     11.2 if a majority of the
unaffiliated directors, if any, determines that the Contractor has violated this
Agreement in any respect and, after notice of such violation, the Contractor has
failed to cure such violation within 30 days; or

     11.3 there is entered an order
for relief or similar decree or order with respect to the Contractor by a court
having competent jurisdiction in an involuntary case under the federal
bankruptcy laws as now or hereafter constituted or under any applicable federal
or provincial bankruptcy, insolvency or other similar laws; or the
Contractor:

	 	11.3.1 	
      ceases, or admits in writing its inability, to pay its
      debts as they become due and payable, or makes a general assignment for
      the benefit of, or enters into any composition or arrangement with,
      creditors;

	 	 	 
	 	11.3.2 	
      applies for, or consents, by admission of material
      allegations of a petition or otherwise, to the appointment of a receiver,
      trustee, assignee, custodian, liquidator or sequestrator, or other similar
      official, of the Contractor or of any substantial part of its properties
      or assets, or authorizes such an application or consent, or proceedings
      seeking such appointment are commenced without such authorization, consent
      or application against the Contractor and continue undismissed for 60
      days;

	 	 	 
	 	11.3.3 	
      authorizes or files a voluntary petition in bankruptcy,
      or applies for or consents, by admission of material allegations of a
      petition or otherwise, to the application of any bankruptcy,
      reorganization, arrangement, readjustment of debt, insolvency,
      dissolution, liquidation or other similar law of any jurisdiction, or
      authorizes such application or consent, or proceedings to such end are
      instituted against the Contractor without such authorization, application
      or consent and are approved as properly instituted and remain undismissed
      for 60 days or result in adjudication of bankruptcy or insolvency; or

3

	 	11.3.4 	
      permits or suffers all or any substantial part of its
      assets to be sequestered or attached by court order and the order remains
      undismissed for 60 days. If any of the events specified above shall occur,
      the Contractor shall give prompt written notice thereof to the Board of
      Directors upon the happening of such event.

	 	11.4 	
      Contractor or any of its affiliates engages in the
      unauthorized disclosure of Confidential
Information.

     12. Action Upon
Termination. From and after the effective date of termination of this
Agreement, except as otherwise specified, the Contractor shall not be entitled
to compensation for further services, other than reimbursement of appropriately
documented and approved expenses incurred by Contractor before the termination
of this Agreement, to the extent that Contractor would have been entitled to
such reimbursement but for the termination of this Agreement.

     13. Representations and
Warranties.

	 	13.1 	
      The Company represents and warrants to the Contractor as
      follows:

	 	 	 	 
	 		13.1.1 	
      The Company is duly organized, validly existing and in
      good standing under the laws of Nevada, has the power to transact the
      business in which it is now engaged and is duly qualified and in good
      standing under the laws of each jurisdiction where the conduct of its
      business requires such qualification, except for failures to be so
      qualified, authorized or licensed that could not in the aggregate have a
      material adverse effect on the business operations, assets or financial
      condition of the Company and its subsidiaries, taken as a whole. The
      Company does not do business under any fictitious business name.

	 	 	 	 
	 		13.1.2 	
      The Company has the power and authority to execute,
      deliver and perform this Agreement and all obligations required and have
      taken all necessary actions to authorize this Agreement and the execution,
      delivery and performance of this Agreement and all obligations required.
      Except as shall have been obtained, no consent of any other person
      including, without limitation, stockholders and creditors of the Company,
      and no license, permit, approval or authorization of, exemption by, notice
      or report to, or registration, filing or declaration with, any
      governmental authority is required by the Company in connection with this
      Agreement or the execution, delivery, performance, validity or
      enforceability of this Agreement and all obligations required. This
      Agreement has been, and each instrument or document required will be,
      executed and delivered by a duly authorized officer of the Company, and
      this Agreement constitutes, and each instrument or document required when
      executed and delivered hereunder will constitute, the legally valid and
      binding obligation of the Company enforceable against the
      Company in accordance with its terms.

4

	 			 
	 	 	 	 
	 		13.1.3 	
      The execution, delivery and performance of this Agreement
      and the documents or instruments required will not violate any provision
      of any existing law or regulation binding on the Company, or any order,
      judgment, award or decree of any court, arbitrator or governmental
      authority binding on the Company, or the governing instruments of, or any
      securities issued by, the Company or of any mortgage, indenture, lease,
      contract or other Agreement, instrument or undertaking to which the
      Company is a party or by which the Company or any of its assets may be
      bound, the violation of which would have a material adverse effect on the
      business operations, assets or financial condition of the Company and its
      subsidiaries, taken as a whole, and will not result in, or require, the
      creation or imposition of any lien on any of its property, assets or
      revenues pursuant to the provisions of any such mortgage, indenture,
      lease, contract or other agreement, instrument or undertakings.

	 	 	 	 
	 	13.2 	
      The Contractor represents and warrants to the Company
      that:

	 	 	 	 
	 		13.2.1 	
      The Contractor is duly organized, validly existing and in
      good standing under the laws of the Province of Ontario, Canada, has the
      corporate power to own its assets and to transact the business in which it
      is now engaged and is duly qualified to do business and is in good
      standing under the laws of each jurisdiction where the conduct of its
      business requires such qualification, except for failures to be so
      qualified, authorized or licensed that could not in the aggregate have a
      material adverse effect on the business operations, assets or financial
      condition of the Contractor and its subsidiaries, taken as a whole. The
      Contractor does not do business under any fictitious business
  name.

	 	 	 	 
	 		13.2.2 	
      The Contractor has the corporate power and authority to
      execute, deliver and perform this Agreement and all obligations required
      and has taken all necessary corporate action to authorize this Agreement
      and the execution, delivery and performance of this Agreement and all
      obligations required. Except as shall have been obtained, no consent of
      any other person including, without limitation, stockholders and creditors
      of the Contractor, and no license, permit, approval or authorization of,
      exemption by, notice or report to, or registration, filing or declaration
      with, any governmental authority is required by the Contractor in
      connection with this Agreement or the execution, delivery, performance,
      validity or enforceability of this Agreement and all obligations required.
      This Agreement has been and each instrument or document required will be
      executed and delivered by a duly authorized officer of the Contractor, and
      this Agreement constitutes, and each instrument or document required when
      executed and delivered will constitute, the legally valid and binding
      obligation of the Contractor enforceable against the Contractor in
      accordance with its terms.

	 	 	 	 
	 		13.2.3 	
      The execution, delivery and performance of this Agreement
      and the documents or instruments required, will not violate any provision
      of any existing law or regulation binding on the Contractor, or
      any order, judgment, award or decree of any court, arbitrator or
      governmental authority binding on the Contractor, or the governing
      instruments of, or any securities issued by, the Contractor or of any
      mortgage, indenture, lease, contract or other agreement, instrument or
      undertaking to which the Contractor is a party or by which the Contractor
      or any of its assets may be bound, the violation of which would have a
      material adverse effect on the business operations, assets, or financial
      condition of the Contractor and its subsidiaries, taken as a whole, and
      will not result in, or require, the creation or imposition of any lien on
      any of its property, assets or revenues pursuant to the provisions of any
      such mortgage indenture, lease, contract or other agreement, instrument or
      undertaking.

5

	 	13.2.4 	
      In rendering its duties under this Agreement, the
      Contractor shall not utilize any invention, discovery, development,
      improvement, innovation, or trade secret in which it does not, or the
      Company does not, have a proprietary interest.

     14. Merger. This Agreement
shall not be terminated by the merger or consolidation of the Company into or
with any other entity.

     15. Insurance. The
Contractor will be responsible, at its own discretion, to carry liability
insurance (including malpractice insurance, if warranted) for its employed
and/or contracted personnel relative to any service that it performs for the
Company, if such personnel are not already covered by insurance provided by
Company and/or one or more of its subsidiaries.

     16. Successors and
Assigns. This Agreement shall be binding on and inure to the benefit of the
parties hereto and their respective successors, heirs, personal representatives,
and permitted assigns.

     17. Choice of Law. This
Agreement will be governed by and construed in accordance with the internal laws
of the State of Nevada without giving effect to any choice or conflict of law
provision or rule (whether of the State of Nevada or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of Nevada.

     18. Arbitration. Any
controversies arising out of the terms of this Agreement or its interpretation
shall be settled in Clarke County, Nevada in accordance with the rules of the
American Arbitration Association, and the judgment upon award may be entered in
any court having jurisdiction thereof.

     19. Headings. Section
headings are not to be considered a part of this Agreement and are not intended
to be a full and accurate description of the contents hereof.

     20. Assignment. Neither
the Company nor the Contractor shall assign any of its rights under this
Agreement, or delegate the performance of any of its duties hereunder, without
the prior written consent of both parties.

     21. Notices. Any and all
notices, demands, or other communications required or desired to be given
hereunder by any party shall be in writing and shall be validly given or made to
another party if personally served, or if deposited in the United States or
Canadian mail, certified or registered, postage prepaid, return receipt
requested. If such notice or demand is served personally, notice shall be deemed constructively made at the
time of such personal service. If such notice, demand or other communication is
given by mail, such notice shall be conclusively deemed given five days after
deposit thereof in the United States or Canadian mail addressed to the party to
whom such notice, demand or other communication is to be given as follows:

6

	If to the Company: 	If to the Contractor: 
	  	  
	Mount Knowledge Holdings, Inc. 	Ucandu Learning Centers Inc. 
	39555 Orchard Hill Place 	150 Consumers Road, 
	Suite 600 PMB 6096 	Suite 202 
	Novi, Michigan 48375, USA 	Toronto, ON M2J 1P9, Canada 
	Tel: (248) 893-4538 	Tel: (416) 858-2618 
	Fax: (888) 682-3038 	Fax: (647) 348-8870 
	Attn: Board of Directors 	Attn: Erwin Sniedzins

Any party hereto may change its address for purposes of this
paragraph by written notice given in the manner provided above.

     22. Amendments; Waivers.
No provision of this Agreement may be waived or amended except in a written
instrument signed, in the case of an amendment, by each party or, in the case of
a waiver, by the party against whom enforcement of any such waiver is sought. No
action taken pursuant to this Agreement, including any investigation by or on
behalf of any party, will be deemed to constitute a waiver by the party taking
such action, or compliance with any representation, warranty, covenant or
agreement contained herein. The waiver by any party hereto of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
subsequent breach.

     23. Entire Understanding.
This Agreement represents the entire agreement of the parties hereto with
respect to the matters contemplated hereby, and there are no written or oral
representations, warranties, understandings or agreements with respect hereto
except as expressly set forth herein.

     24. Unenforceability of
Provisions. If any provision of this Agreement is held to be invalid or
unenforceable in any respect, the validity and enforceability of the remaining
terms and provisions of this Agreement shall not in any way be affected or
impaired hereby and the parties will attempt to agree upon a valid and
enforceable provision that is a reasonable substitute therefor, and upon so
agreeing, shall incorporate such substitute provision in this Agreement.

     25. Counterparts. This
Agreement may be executed via facsimile in one or more counterparts and
transmitted via facsimile or PDF, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. When
counterparts of copies have been executed by all parties, they shall have the
same effect as if the signatures to each counterpart or copy were upon the same
document and copies of such documents shall be deemed valid as originals.

[Signatures follow on next page]

7

     IN WITNESS WHEREOF the
undersigned have executed this Agreement as of the day and year first written
above. 

	WITNESSES: 	 	COMPANY 
	  	 	  
	  	 	  
	  	 	MOUNT KNOWLEDGE HOLDINGS, INC. 
	  	 	A Nevada corporation 
	Print Name: ___________________________________	 	  
	  	 	  
	  	 	  
	  	 	/s/
      Daniel A. Carr 
	  	 	By: Daniel A. Carr 
	Print Name: ___________________________________	 	Its: President and CEO 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	WITNESSES: 	 	CONTRACTOR 
	  	 	  
	  	 	UCANDU LEARNING CENTRES, INC., 
	  	 	an Ontario Canada corporation 
	Print Name: ___________________________________	 	  
	  	 	  
	  	 	  
	  	 	/s/
      Erwin Sniedzins 
	  	 	By: Erwin Sniedzins 
	Print Name: ___________________________________	 	Its: President and CEO 

8

SCHEDULE A

DUTIES, TERM, AND COMPENSATION

     1. DUTIES: The Contractor
will provided sales and marketing and technology services to the Company
directly or to one or more of Company’s affiliates, including, but not limited
to, other duties reasonably requested by the Company and agreed to by the
Contractor, from time to time. Contractor, and/or its employed and/or contracted
personnel will report directly to the Board of Directors.

     2. TERM: This engagement
shall commence upon execution of this Agreement and shall continue in full force
and effect through December 31, 2013 (the “Term”). The Agreement may only be
extended thereafter by mutual agreement of the parties.

     3. COMPENSATION: As
compensation for the services rendered pursuant to this Agreement, the Company
shall pay the Contractor a total sum of Four Hundred Thirty-Two Thousand and
No/100 Dollars (USD$432,000.00), due and payable in equal monthly payments of
Twelve Thousand and NO/100 Dollars (USD$12,000) per month (the “Monthly Payment
Amount”), to be paid on the 1st business day of each month, starting
January 2, 2010. The Company shall have the right to pay the Contractor directly
from the Company or from one or more of its operating subsidiaries and/or
related companies at the full discretion of the Company.

Employment expenses of the personnel employed by the
Contractor, including, but not limited to, salaries, wages, payroll taxes, and
the cost of employee benefit plans and other expenses paid to advisors and
independent contractors, consultants, and other agents engaged by the Contractor
to provide services to the Company or any subsidiary of the Company as set forth
herein shall be borne by the Contractor, not the Company, unless otherwise
agreed to by the Company in writing prior to such expenses being incurred by
Contractor.

9Mount Knowledge Holdings, Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

OPTION AGREEMENT

     THIS OPTION AGREEMENT (the
“Agreement”) made and entered into this 28th day of December 2010, by
and between UCANDU LEARNING CENTRES, INC. (“Grantor”) and MOUNT KNOWLEDGE
HOLDINGS, INC. (“Optionee”).

     WITNESSETH:

     WHEREAS, Grantor owns,
free and clear of any lien or claim, good and merchantable title to 510,000
shares of restricted common stock (“Shares”) of MOUNT KNOWLEDGE TECHNOLOGIES,
INC or otherwise known as 1827281 ONTARIO INC., an Ontario Canada Corporation
(“Company”); and,

     NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein the parties
agree as follows:

	 	1. 	
      RECITALS. The above recitals are true and correct
      and are incorporated by reference herein.

	 	 	 
	 	2. 	
      GRANT OF OPTION. The Grantor hereby grants to
      Optionee an option (the “Option”) to purchase the Shares, subject to the
      terms and conditions set forth herein.

	 	 	 
	 	3. 	
      TERM OF OPTION. The Option hereby granted shall be
      and remain in full force and effect for five (5) year(s) from the date of
      execution hereof (the “Expiration Date”).

	 	 	 
	 	4. 	
      EXERCISE OF OPTION.

     4.1 Exercise Price.
Subject to terms and conditions set forth herein, as payment for the exercise
price of the Option, Optionee, in its sole discretion, shall either: (i) deliver
one hundred thousand (100,000) shares of its restricted common stock (the “MKHD
Shares”), adjusted on a pro-rata basis in the event Optionee elects to exercise
the Option with respect to a portion of the Shares, to the Grantor; or (ii) make
a cash payment to the Grantor equal to the cash value of 100,000 MKHD Shares,
adjusted on a pro-rata basis in the event Optionee elects to exercise the Option
with respect to a portion of the Shares, based on a per share price equal to the
closing bid price of the Optionee’s common stock on the Option Exercise Date (as
defined below).

     4.2 Method of Exercise.
This Option may be exercised by delivery of an executed written exercise notice
from the Optionee (the “Exercise Notice”), which shall state the election to
exercise the Option and the number of Shares in respect of which the Option is
being exercised (the “Exercised Shares”). The Exercise Notice shall be signed by
the Optionee and shall be delivered in person or by certified mail to the
Grantor. The Exercise Notice shall be accompanied by payment of the aggregate
Exercise Price as to all Exercised Shares in accordance with Section 4.1. This
Option shall be deemed to be exercised upon receipt by the Grantor of such fully
executed Exercise Note accompanied by such aggregate Exercise Price (the “Option
Exercise Date”).

     5. REPRESENTATIONS AND
WARRANTIES OF THE GRANTOR. Grantor represents and warrants to Optionee, as
of the date hereof, and as of the Option Exercise Date, as follows:

	 	a. 	
      All action on the part of Grantor, necessary for the
      authorization, execution and delivery of this Agreement, the performance
      of all obligations of the Grantor hereunder has been taken. This
      Agreement, when executed and delivered by Grantor, will constitute a valid
      and legally binding obligation of Grantor, enforceable against Grantor in
      accordance with its terms.

	 	b. 	
      Grantor is the lawful owner of the Shares with good and
      marketable title thereto, and Grantor has the absolute right to sell,
      assign, convey, transfer and deliver the Shares and any and all rights and
      benefits incident to the ownership thereof (including, without limitation,
      any registration rights pertaining to the Shares), all of which rights and
      benefits are transferable by Grantor to Optionee pursuant to this
      Agreement, free and clear of all the following (collectively called
      “Claims”) of any nature whatsoever: security interests, liens, pledges,
      claims (pending or, to the Grantor’s knowledge, threatened), charges,
      escrows, encumbrances, lock-up arrangements, options, rights of first
      offer or refusal, community property rights, mortgages, indentures,
      security agreements or other agreements, arrangements, contracts,
      commitments, understandings or obligations, whether written or oral and
      whether or not relating in any way to credit or the borrowing of money. In
      addition there are no voting trusts or proxies in effect relating to the
      Shares. The purchase and sale of the Shares as contemplated herein will
      (i) pass good and marketable title to the Shares to Optionee, free and
      clear of all Claims, and (ii) convey, free and clear of all Claims, any
      and all rights and benefits incident to the ownership of such Shares
      (including, without limitation, any registration rights pertaining to the
      Shares).

	 	 	 
	 	c. 	
      Neither the execution and delivery of this Agreement, nor
      the consummation of the transactions contemplated hereby, does or will
      violate any constitution, statute, regulation, rule, injunction, judgment,
      order, decree, ruling, charge or other restriction of any government,
      governmental agency, or court to which Grantor is subject or any provision
      of its organizational documents or other similar governing instruments, or
      conflict with, violate or constitute a default under any agreement, credit
      facility, debt or other instrument or understanding to which Grantor is a
      party.

	 	 	 
	 	d. 	
      There is no action, suit, proceeding, judgment, claim or
      investigation pending, or to the knowledge of Grantor, threatened against
      Grantor which could reasonably be expected in any manner to challenge or
      seek to prevent, enjoin, alter or materially delay any of the transactions
      contemplated by this Agreement.

	 	 	 
	 	e. 	
      No authorization, consent, approval or other order of, or
      declaration to or filing with, any governmental agency or body or other
      person is required for the valid authorization, execution, delivery and
      performance by Grantor of this Agreement and the consummation of the
      transactions contemplated hereby.

	 	 	 
	 	f. 	
      Grantor is not under the jurisdiction of a court in a
      Title 11 or similar case (within the meaning of Bankruptcy Code Section
      368(a)(3)(A) (or related provisions)) or involved in any insolvency
      proceeding or reorganization.

	 	 	 
	 	g. 	
      In the event Optionee elects to deliver the MKHD Shares
      as payment for the Option exercise price and unless the MKHD Shares are
      covered by a then current registration statement under the Securities Act
      of 1933, as amended (the “Act”), Grantor acknowledges that it (a) is
      acquiring such MKHD Shares for investment and not for distribution or
      resale (other than a distribution or resale which, in the opinion of
      counsel satisfactory to the Company, may be made without violating the
      registration provisions of the Act or any state securities laws), (b) has
      been advised and understands that (i) the MKHD Shares have not been
      registered under the Act and are “restricted securities” within the
      meaning of Rule 144 under the Act and are subject to restrictions on
      transfer, (ii) the Optionee is under no obligation to register the MKHD
      Shares under the Act or to take any action which would make available to
      Grantor any exemption from such registration,
and (iii) the MKHD Shares may not be transferred without compliance with all
applicable federal and state securities laws.

2

     6. TRANSFERABILITY OF
OPTION. Neither this Option nor the Shares have been registered under the
Act and/or the Ontario Securities Commission. None of this Option, the Shares or
the rights and privileges conferred in whole and in part hereby, may be
transferred, assigned, pledged, or hypothecated in any manner unless registered
under the Act or, in the opinion of counsel satisfactory to the Company, an
exemption from registration under the Act is available. Neither this Option nor
the Shares shall be subject to levy and execution, attachment or similar
process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise
dispose of this Option or the Shares, or any right or privilege conferred
hereby, contrary to the provisions hereof, or upon levy and execution,
attachment or similar process on this Option and the rights and privileges
conferred under this Agreement, this Option and such rights and privileges shall
immediately become null and void.

     7. ISSUANCE OF SHARES.
Grantor shall be obligated to sell the Shares to the Optionee upon the exercise
of the Option. Each certificate representing the restricted Shares shall be
stamped or otherwise imprinted with a legend evidencing all applicable federal
and local securities laws.

     8. GRANTOR’S RETENTION OF
OWNERSHIP DURING OPTION PERIOD. During the term of this Option, Grantor
shall not sell, assign, transfer, bequeath, or otherwise dispose of the Shares,
in whole or in part, and Grantor shall not pledge or hypothecate the Shares or
create, or permit to be created, any liens against the Shares, in whole or in
part. Grantor shall defend the Shares against, and will take such other action
as is necessary to remove, any lien or claim on or to the Shares and will defend
the right, title and interest of Optionee in and to any of the Shares against
the claims and demands of all persons whomsoever. Within five (5) business days
from the date of execution of this Agreement, Grantor agrees to execute an
escrow agreement (the “Escrow Agreement”) with Optionee and Birch First
Advisors, LLC and/or assigns (the “Escrow Agent”) for the receipt into safe
keeping of the certificate or certificates representing the Shares (the
“Escrowed Certificates”) and setting forth the procedures and terms of the
release of the Escrow Certificates upon the exercise of the Option by the
Optionee.

     9. ADJUSTMENTS TO STOCK ISSUABLE
UPON EXERCISE OF OPTION.

     9.1 An appropriate and
proportionate adjustment shall be made in the maximum number and/or kind of
securities allocated to this Option, without change in the aggregate purchase
price applicable to the unexercised portion of the outstanding Option, but with
a corresponding adjustment in the price for each share of stock or other unit of
any security covered by this Option upon the Company’s issuance of New
Securities. New Securities shall mean any common stock or preferred stock of the
Company, whether now authorized or not, and rights, options or warrants to
purchase said common stock or preferred stock, and securities of any type
whatsoever that are, or may become, convertible into said common stock or
preferred stock; provided, New Securities does not include (i) securities issued
pursuant to any existing Company options outstanding on the date of this
Agreement or Company options issued, after the date of this Agreement, pursuant
to an existing options issued by the Company (ii) securities offered to the
public pursuant to a registration statement; or, (iii) securities issued
pursuant to the acquisition of another person by the Company, to purchase
substantially all of another person’s assets; or, any other reorganization
whereby the Company shall own less than fifty percent (50.0%) of the voting
power of the surviving entity. Except as provided for in this Section 9, if the
outstanding shares of common stock of the Company are increased, decreased,
changed into or exchanged for a different number or kind of stock or securities
of the Company or stock of a different par value or without par value, through
reorganization, recapitalization, reclassification, stock dividend, stock split;
or, reverse stock split, the appropriate and proportionate adjustment shall be
made hereunder.

3

     9.2 Upon the date (i) of the
dissolution or liquidation of the Company; (ii) of a reorganization, merger or
consolidation of the Company with one or more persons in which the Company will
not survive; (iii) of a transfer of substantially all of the assets of the
Company; or (iv) that a “person” or “group” (within the meaning of Sections
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act
of 1934, as amended), directly or indirectly, of 50% or more of the total voting
equity interests of the Company, then any Option granted hereunder shall be
exercisable until the effective date of such event (or such earlier date as this
Option would otherwise expire hereunder) and shall terminate and be of no
further force or effect on such effective date unless provision be made, in
writing, in connection with such event for the assumption of this Option, or the
substitution for this Option of new options covering the shares of any successor
entity, or a parent or subsidiary thereof, with appropriate adjustments as to
number and kind of securities and prices, in which event this Option or the new
options substituted therefor, shall continue in the manner and under the terms
so provided. In the event of such dissolution, liquidation, reorganization,
merger, consolidation, transfer of assets or change in beneficial ownership of
the Company, and if provision is not made in such transaction for the assumption
of this Option or the substitution for this Option of new options covering the
shares of a successor entity or a parent or subsidiary thereof, then the
Optionee shall be entitled, prior to the effective date of any such transaction,
to purchase the full number of shares of common stock of the Company which it
would otherwise have been entitled to purchase pursuant to this Option during
the remaining term of such Option. Upon the first purchase of shares of stock
pursuant to a tender offer or exchange offer, other than by the Company, for all
or any part of the stock, the Optionee shall be entitled, prior to the
termination date of any such tender offer, to purchase the full number of shares
of stock under this Option which it otherwise would have been entitled to
purchase during the remaining term of such Option. 

     9.3 Whenever an adjustment to
this Option is required to be made pursuant to this Section 9, Grantor shall
promptly give written notice to Optionee of such adjustments.

     10. MISCELLANEOUS.

     10.1 Notices. Any notice
or other communication required or permitted to be given hereunder shall be in
writing, and shall be deemed to have been duly given when delivered personally
or sent by registered or certified mail, return receipt requested, postage
prepaid to the Parties hereto at their addresses indicated hereinafter. Either
party may change his or its address for the purpose of this paragraph by written
notice similarly given. Parties addresses are as follows:

	GRANTOR: 	OPTIONEE: 
	 	 
	UCANDU Learning Centres Inc. 	Mount Knowledge Holdings, Inc. 
	150 Consumers Road, 	39555 Orchard Hill Place 
	Suite 202 	Suite 600 PMB 6096 
	Toronto, ON M2J 1P9, Canada 	Novi, Michigan 48375, USA 
	Attn: Erwin Sniedzins 	Attn: Daniel A. Carr 
	Tel: (416) 858-2618 	Tel: (248) 468-4688 
	Fax: (647) 353-2888 	Fax: (248) 671-5080 
	Email: esniedzins@gmail.com 	Email: dcarr@mkhd.net 

4

     10.2 Entire Agreement.
This Agreement represents the entire agreement of the parties hereto with
respect to the matters contemplated hereby, and there are no written or oral
representations, warranties, understandings or agreements with respect hereto
except as expressly set forth herein.

     10.3 Amendments; Waivers.
No provision of this Agreement may be waived or amended except in a written
instrument signed, in the case of an amendment, by each party or, in the case of
a waiver, by the party against whom enforcement of any such waiver is sought. No
action taken pursuant to this Agreement, including any investigation by or on
behalf of any party, will be deemed to constitute a waiver by the party taking
such action, or compliance with any representation, warranty, covenant or
agreement contained herein. The waiver by any party hereto of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
subsequent breach.

     10.4 Captions. The
captions appearing in this Agreement are inserted as a matter of convenience and
for reference and in no way affect this Agreement, define, limit or describe its
scope or any of its provisions.

     10.5 Governing Law. This
Agreement will be governed by and construed in accordance with the internal laws
of the State of Nevada without giving effect to any choice or conflict of law
provision or rule (whether of the State of Nevada or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of Nevada.

     10.6 Benefits. This
Agreement shall be binding on and inure to the benefit of the parties hereto and
their respective successors, heirs, personal representatives, and permitted
assigns.

     10.7 Severability. If any
provision of this Agreement is held to be invalid or unenforceable in any
respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired hereby and the
parties will attempt to agree upon a valid and enforceable provision that is a
reasonable substitute therefor, and upon so agreeing, shall incorporate such
substitute provision in this Agreement.

     10.8 Arbitration. Any
controversy, dispute or claim arising out of or relating to this Agreement or
the breach thereof shall be settled by arbitration. Arbitration proceedings
shall be conducted in accordance with the rules then prevailing of the American
Arbitration Association or any successor. The award of the Arbitration shall be
binding on the Parties. Judgment shall be entered upon an award of a majority of
the arbitrators filed in a court of competent jurisdiction and confirmed by such
court. Venue for Arbitration proceedings shall be Clarke County, Nevada. The
Parties consent that the costs of arbitration, attorneys’ fees of the Parties,
together with all other expenses shall be paid as provided in the Arbitration
award.

     10.9 Number of Parties.
The singular shall include the plural and the plural the singular and one
gender shall include all genders. As used in this Agreement the term Affiliate
means a person, directly or indirectly through one or more intermediaries,
controls or is controlled by, or is under, control with, the Company. 

     10.10 Currency. In all
instances, references to monies used in this Agreement shall be deemed to be
United States dollars. 

     10.11 Multiple Counterparts.
This Agreement may be executed via facsimile in one or more counterparts and
transmitted via facsimile or PDF, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. When
counterparts of copies have been executed by all parties, they shall have the same effect as if the
signatures to each counterpart or copy were upon the same document and copies of
such documents shall be deemed valid as originals.

5

     10.12 Further Assurances.
Each of the parties hereby agrees and provides further assurances that it will,
in the future, execute and deliver any and all further agreements, certificates,
instruments and documents and do and perform or cause to be done and performed,
all acts and things as may be necessary or appropriate to carry out the intent
and accomplish the purposes of this Agreement.

     IN WITNESS WHEREOF the
undersigned have executed this Agreement as of the day and year first written
above. The parties hereto agree that facsimile signatures shall be as effective
as if originals.

	WITNESSES: 	 	GRANTOR 
	  	 	  
	  	 	  
	  	 	UCANDU LEARNING CETNERS, INC., 
	Print Name: _______________________________________	 	an Ontario Canada Corporation 
	  	 	  
	  	 	  
	  	 	/s/
      Erwin Sniedzins 
	Print Name: _______________________________________	 	By: Erwin Sniedzins 
	  	 	Its: President and CEO 
	  	 	  
	  	 	  
	  	 	  
	WITNESSES: 	 	OPTIONEE 
	  	 	  
	  	 	  
	  	 	MOUNT KNOWLEDGE HOLDINGS, INC., 
	Print Name: _______________________________________	 	A Nevada Corporation 
	  	 	  
	  	 	  
	  	 	  
	  	 	/s/
      Daniel A. Carr 
	Print Name: _______________________________________	 	By: Daniel A. Carr 
	  	 	Its: President and CEO 

6

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