Document:

Exhibit 10.1

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”),
is made effective as of MARCH 25, 2015 (the “Effective Date”), by and among FLUX CARBON CORPORATION(“Buyer”)
and PERVASIP CORP. (“Company”).

 

WITNESSETH

 

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

 

WHEREAS, the parties desire that, upon the terms and subject to
the conditions contained herein, the Company shall issue and sell to the Buyer, as provided herein, and the Buyer shall purchase
the Securities (see definition below).

 

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

 

PURCHASE AND SALE OF SECURITIES

 

The Securities. Subject to the terms and conditions set forth
in this Agreement, the Buyer shall purchase from the Company and the Company shall issue to the Buyer one billion (1,000,000,000)
shares of the Company’s COMMON STOCK, par value $0.00001 (the “Common Stock”), and 100,000 shares of the Company’s
SERIES H PREFERRED STOCK, par value $0.00001 (the “Preferred Stock” and together with the Common Stock, the “Securities”)
which are convertible into shares of the Company’s Common Stock (the “Conversion Shares”).

 

The Purchase Price. Buyer shall purchase the Securities in
exchange for 50 Class A units and 40 Class B Units of CANALYTIX LLC, representing 90% of the issued and outstanding Membership
Interests of CANALYTIX LLC (the “Purchase Price”).

The Closing. The Closing of the purchase and sale of the
Securities shall take place at 9:00 a.m. Eastern Standard Time on the second (2nd) business day following the date hereof,
subject to notification of satisfaction of the conditions to the Closing set forth herein and in Sections 6 and 7 below (or such
later date as is mutually agreed to by the Company and the Buyer) (the “Closing Date”).

 

BUYER’S REPRESENTATIONS AND WARRANTIES

Buyer represents and warrants that:

 

Investment Purpose. Buyer is acquiring the Securities and,
upon conversion of Preferred Stock, the Buyer will acquire the Conversion Shares then issuable, for its own account for investment
only and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to
sales registered or exempted under the Securities Act; provided, however, that by making the representations herein, such Buyer
reserves the right to dispose of the Common Stock and the Conversion Shares at any time in accordance with or pursuant to an effective
registration statement covering such Conversion Shares or an available exemption under the Securities Act.

 

Accredited Investor Status. Buyer is an “Accredited
Investor” as that term is defined in Rule 501(a)(3) of Regulation D.

 

Information. Buyer and its advisors (and his or, its counsel),
if any, have been furnished with all materials relating to the business, finances and operations of the Company and information
he deemed material to making an informed investment decision regarding his purchase of the Securities and the Conversion Shares,
which have been requested by Buyer. Buyer and its advisors, if any, have been afforded the opportunity to ask questions of the
Company and its management. Neither such inquiries nor any other due diligence investigations conducted by Buyer or its advisors,
if any, or its representatives shall modify, amend or affect Buyer’s right to rely on the Company’s representations
and warranties contained in Section 3 below. Buyer understands that its investment in the Securities and the Conversion Shares
involves a high degree of risk. Buyer is in a position regarding the Company, which, based upon employment, family relationship
or economic bargaining power, enabled and enables Buyer to obtain information from the Company in order to evaluate the merits
and risks of this investment. Buyer has sought such accounting, legal and tax advice, as it has considered necessary to make an
informed investment decision with respect to its acquisition of the Securities and the Conversion Shares.

    	 

    	 

    

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

 

Due Formation of Corporate and Other Buyer. Buyer has been
formed and validly exists and has not been organized for the specific purpose of purchasing the Securities and is not prohibited
from doing so.

 

No Short Sales. Neither the Buyer nor its affiliates has
an open short position in the Common Stock of the Company, and the Buyer agrees that it will not, and will cause its affiliates
to not, engage in any Short Sales of the Common Stock of the Company, as "Short Sale" is defined in Rule 200 of Regulation
SHO under the Exchange Act.

 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

The Company represents and warrants to the Buyer that, except as
set forth in the SEC Documents (as defined herein):

 

Organization and Qualification. The Company and its Active
Subsidiaries are corporations duly organized and validly existing in good standing under the laws of the jurisdiction in which
they are incorporated, and have the requisite corporate power to own their properties and to carry on their business as now being
conducted. Each of the Company and its Active Subsidiaries is duly qualified as a foreign corporation to do business and is in
good standing in every jurisdiction in which the nature of the business conducted by it makes such qualification necessary, except
to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect on the Company
and its Active Subsidiaries taken as a whole.

 

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

 

Capitalization. The authorized capital stock of the Company
consists of 8,978,999,990 shares of Common Stock, par value $0.00001 per share, of which about 2,924,059,321 shares of Common Stock
are issued and outstanding as of the date hereof. All of such outstanding shares have been validly issued and are fully paid and
nonassessable. Except as disclosed in the SEC Documents, no shares of Common Stock are subject to preemptive rights or any other
similar rights or any liens or encumbrances suffered or permitted by the Company. Except as disclosed in the SEC Documents, as
of the date of this Agreement, (i) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments
of any character whatsoever relating either to or rights convertible into any shares of capital stock of the Company or any of
its subsidiaries, or contracts, commitments, understandings or arrangements by which the Company or any of its subsidiaries is
or may become bound to issue additional shares of capital stock of the Company or any of its subsidiaries or options, warrants,
scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible
into, any shares of capital stock of the Company or any of its subsidiaries, (ii) there are no agreements or arrangements under
which the Company or any of its subsidiaries is obligated to register the sale of any of their securities under the Securities
Act (except pursuant to an S-8 Registration Statement) and (iii) there are no outstanding registration statements (except for an
S-8 Registration Statement and there are no outstanding comment letters from the SEC or any other regulatory agency. There are
no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Securities
as described in this Agreement. The Company has furnished to the Buyer true and correct copies of the Company’s Articles
of Incorporation, as amended and as in effect on the date hereof (the “Articles of Incorporation”), and the
Company’s By-laws, as in effect on the date hereof (the “By-laws”), and the terms of all securities convertible
into or exercisable for Common Stock and the material rights of the holders thereof in respect thereto other than stock options
issued to employees and consultants.

 

Issuance of Securities. The Securities are duly authorized
and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all
taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Securities have
been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Securities the Conversion Shares
will be duly issued, fully paid and nonassessable.

    	 

    	 

    

No Conflicts. Except as disclosed in the SEC Documents,
the execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company of the
transactions contemplated hereby will not (i) result in a violation of the Certificate of Incorporation, any certificate of designations
of any outstanding series of preferred stock of the Company or the By-laws or (ii) conflict with or constitute a default (or an
event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its subsidiaries is a party,
or result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws
and regulations and the rules and regulations of The National Association of Securities Dealers Inc.’s OTC Bulletin Board
on which the Common Stock is quoted) applicable to the Company or any of its subsidiaries or by which any property or asset of
the Company or any of its subsidiaries is bound or affected. Except as disclosed in the SEC Documents, neither the Company nor
its subsidiaries is in violation of any term of or in default under its Articles of Incorporation or By-laws or their organizational
charter or by-laws, respectively, or any material contract, agreement, mortgage, indebtedness, indenture, instrument, judgment,
decree or order or any statute, rule or regulation applicable to the Company or its subsidiaries. The business of the Company
and its subsidiaries is not being conducted, and shall not be conducted in violation of any material law, ordinance, or regulation
of any governmental entity. Except as specifically contemplated by this Agreement and as required under the Securities Act and
any applicable state securities laws, the Company is not required to obtain any consent, authorization or order of, or make any
filing or registration with, any court or governmental agency in order for it to execute, deliver or perform any of its obligations
under or contemplated by this Agreement in accordance with the terms hereof or thereof. Except as disclosed in the SEC Documents,
all consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding
sentence have been obtained or effected on or prior to the date hereof. The Company and its subsidiaries are unaware of any facts
or circumstance, which might give rise to any of the foregoing.

 

SEC Documents: Financial Statements. The Company shall file
all reports, schedules, forms, statements and other documents required to be filed by it with the SEC under of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) (all of the foregoing filed prior to the date hereof or amended
after the date hereof and all exhibits included therein and financial statements and schedules thereto and documents incorporated
by reference therein, being hereinafter referred to as the “SEC Documents”). The Company has delivered to the
Buyer or their representatives, or made available through the SEC’s website at http://www.sec.gov,
true and complete copies of the SEC Documents. As of their respective dates, the financial statements of the Company disclosed
in the SEC Documents (the “Financial Statements”) complied as to form in all material respects with applicable
accounting requirements and the published rules and regulations of the SEC with respect thereto. Such financial statements have
been prepared in accordance with generally accepted accounting principles, consistently applied, during the periods involved (except
(i) as may be otherwise indicated in such Financial Statements or the notes thereto, or (ii) in the case of unaudited interim statements,
to the extent they may exclude footnotes or may be condensed or summary statements) and, fairly present in all material respects
the financial position of the Company as of the dates thereof and the results of its operations and cash flows for the periods
then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). No other information provided
by or on behalf of the Company to the Buyer which is not included in the SEC Documents, including, without limitation, information
referred to in this Agreement, contains any untrue statement of a material fact or omits to state any material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

 

10(b)-5. The SEC Documents do not include any untrue statements
of material fact, nor do they omit to state any material fact required to be stated therein necessary to make the statements made,
in light of the circumstances under which they were made, not misleading.

 

Absence of Litigation. Except as disclosed in the SEC Documents,
there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory
organization or body pending against or affecting the Company, the Common Stock or any of the Company’s subsidiaries, wherein
an unfavorable decision, ruling or finding would (i) have a material adverse effect on the transactions contemplated hereby (ii)
adversely affect the validity or enforceability of, or the authority or ability of the Company to perform its obligations under,
this Agreement or any of the documents contemplated herein, or (iii) except as expressly disclosed in the SEC Documents, have
a material adverse effect on the business, operations, properties, financial condition or results of operations of the Company
and its subsidiaries taken as a whole.

    	 

    	 

    

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

 

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

 

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

 

Internal Accounting Controls. Except as set forth in the
SEC Documents, the Company and each of its subsidiaries maintain a system of internal accounting controls sufficient to provide
reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations,
(ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability, and (iii) the recorded amounts for assets is compared with the existing
assets at reasonable intervals and appropriate action is taken with respect to any differences.

 

No Material Adverse Breaches, etc. Except as set forth in
the SEC Documents, neither the Company nor any of its subsidiaries is subject to any charter, corporate or other legal restriction,
or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers has or is expected in
the future to have a material adverse effect on the business, properties, operations, financial condition, results of operations
or prospects of the Company or its subsidiaries. Except as set forth in the SEC Documents, neither the Company nor any of its subsidiaries
is in breach of any contract or agreement which breach, in the judgment of the Company’s officers, has or is expected to
have a material adverse effect on the business, properties, operations, financial condition, results of operations or prospects
of the Company or its subsidiaries.

 

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

 

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

 

COVENANTS

 

Best Efforts. Each party shall use its best efforts timely
to satisfy each of the conditions to be satisfied by it hereunder.

    	 

    	 

    

Reporting Status. Until the earlier of (i) the date as of
which the Buyer may sell all of the Conversion Shares without restriction pursuant to Rule 144(k) promulgated under the Securities
Act (or successor thereto), or (ii) the date on which (A) the Buyer shall have sold all the Conversion Shares and (B) none of the
Securities are outstanding (the “Registration Period”), the Company shall file in a timely manner all reports
required to be filed with the SEC pursuant to the Exchange Act and the regulations of the SEC thereunder, and the Company shall
not terminate its status as an issuer required to file reports under the Exchange Act even if the Exchange Act or the rules and
regulations thereunder would otherwise permit such termination.

 

Reservation of Shares. The Company shall issue no shares
of Company Common Stock or other class or series of Company capital stock (e.g., preferred stock) that is not currently reserved
for in the absence of the Buyer’s prior written consent. Notwithstanding the foregoing, the Company shall take all action
reasonably necessary to at all times have authorized, and reserved for the purpose of issuance, such number of shares of Common
Stock as shall be necessary to effect the issuance of all of the Conversion Shares due to Buyer upon conversion of the Debenture
(and any other Company debenture held by Buyer); provided, however, that the Company shall take no action to increase its authorized
shares of Common Stock, or to implement a reverse or forward stock split, or to otherwise amend the Company’s Articles of
Incorporation in respect of any existing or new class of Company capital stock in the absence of the Buyer’s prior written
consent, which shall not be unreasonably withheld.

 

Listings or Quotation. The Company shall promptly
secure the listing or quotation of the Conversion Shares upon each national securities exchange, automated quotation system
or The National Association of Securities Dealers Inc.’s Over-The-Counter Marketplace (“OTCQB”) or
other market, if any, upon which shares of Common Stock are then listed or quoted (subject to official notice of issuance)
and shall use its best efforts to maintain, so long as any other shares of Common Stock shall be so listed, such listing of
all Conversion Shares from time to time issuable under the terms of this Agreement. The Company shall maintain the Common
Stock’s authorization for quotation on the OTCQB.

 

Corporate Existence. So long as any of the Securities remain
outstanding, the Company shall not directly or indirectly consummate any merger, reorganization, restructuring, reverse stock split,
consolidation, sale of all or substantially all of the Company’s assets or any similar transaction or related transactions
(each such transaction, an “Organizational Change”) unless, prior to the consummation an Organizational Change,
the Company obtains the written consent of the Buyer, which consent shall not be unreasonably withheld. In any such case, the Company
shall make appropriate provision with respect to Buyer’s rights and interests to insure that the provisions of the Transaction
Documents will thereafter be applicable to the Securities.

 

Transactions With Affiliates. So long as any Securities are
outstanding, the Company shall not, and shall cause each of its subsidiaries not to, enter into, amend, modify or supplement, or
permit any subsidiary to enter into, amend, modify or supplement any agreement, transaction, commitment, or arrangement with any
of its or any subsidiary’s officers, directors, person who were officers or directors at any time during the previous two
(2) years, stockholders who beneficially own five percent (5%) or more of the Common Stock, or Affiliates (as defined below) or
with any individual related by blood, marriage, or adoption to any such individual or with any entity in which any such entity
or individual owns a five percent (5%) or more beneficial interest (each a “Related Party”), except for (a)
customary employment arrangements and benefit programs on reasonable terms, (b) any investment in an Affiliate of the Company,
(c) any agreement, transaction, commitment, or arrangement on an arms-length basis on terms no less favorable than terms which
would have been obtainable from a person other than such Related Party, (d) any agreement transaction, commitment, or arrangement
which is approved by a majority of the disinterested directors of the Company, for purposes hereof, any director who is also an
officer of the Company or any subsidiary of the Company shall not be a disinterested director with respect to any such agreement,
transaction, commitment, or arrangement. “Affiliate” for purposes hereof means, with respect to any person or
entity, another person or entity that, directly or indirectly, (i) has a ten percent (10%) or more equity interest in that person
or entity, (ii) has ten percent (10%) or more common ownership with that person or entity, (iii) controls that person or entity,
or (iv) shares common control with that person or entity. “Control” or “controls” for
purposes hereof means that a person or entity has the power, direct or indirect, to conduct or govern the policies of another person
or entity.

 

Transfer Agent. The Company covenants and agrees that, in
the event that the Company’s agency relationship with the transfer agent should be terminated for any reason prior to a
date which is two (2) years after the Closing Date, the Company shall immediately appoint a new transfer agent and shall require
that the new transfer agent execute and agree to be bound by the terms of the Transfer Agent Instructions (as defined herein).

    	 

    	 

    

Indebtedness. The Company shall not, in the absence of the
Buyer’s prior written consent, which consent shall not be unreasonably withheld, authorize, issue, agree to issue, give effect
to any assignment of, assume, guaranty, in any respect become obligated for, or make any payment of any kind against, under or
in any manner in connection with any Indebtedness. As used herein, the term “Indebtedness” shall mean any debt,
note or other obligation with the exception of any debt or other obligation held by or otherwise owing to Buyer, and unsecured
trade credit obligations incurred by the Company and/or any Subsidiary in the ordinary course of business.

 

Further Assurances; Cooperation. The Company shall use its
best efforts to cooperate with the Company and to diligently perform under the Transaction Documents. At and after the Closing,
the Company shall execute and deliver such further instruments of conveyance and transfer as Buyer may reasonably request to convey
and transfer effectively to Buyer the Securities and any and all amounts and shares of Common Stock due and payable thereunder.

 

TRANSFER AGENT INSTRUCTIONS

The Company shall issue the Transfer Agent Instructions to its transfer
agent in the form attached hereto as Exhibit A for the purpose of having certificates issued, registered in the name of
the Buyer or its respective nominee(s), for the Conversion Shares representing such amounts of Securities as specified from time
to time by the Buyer to the Company upon conversion of the Securities, for interest owed pursuant to the Securities, and for any
and all Liquidated Damages.

 

The Company shall not change its transfer agent without the express
written consent of the Buyer, which may be withheld by the Buyer in its sole discretion.

 

The Company warrants that no instruction other than the Transfer
Agent Instructions previously executed in favor of Buyer will be given by the Company to its transfer agent and that the Conversion
Shares shall otherwise be freely transferable on the books and records of the Company as and to the extent provided in this Agreement.

 

Nothing in this Section 5 shall affect in any way the
Buyer’s obligations and agreement to comply with all applicable securities laws upon resale of Conversion Shares. If
the Buyer provides the Company with an opinion of counsel, in form, scope and substance customary for opinions of counsel in
comparable transactions to the effect that registration of a resale by the Buyer of any of the Conversion Shares is not
required under the Securities Act, the Company shall within two (2) business days instruct its transfer agent to issue one or
more certificates in such name and in such denominations as specified by the Buyer.

The Company acknowledges that a breach by it of its obligations
hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of the transaction contemplated hereby.
Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Section 5 will be inadequate
and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Section 5, that the Buyer
shall be entitled, in addition to all other available remedies, to an injunction restraining any breach and requiring immediate
issuance and transfer, without the necessity of showing economic loss and without any bond or other security being required.

 

CONDITIONS TO THE BUYER’S OBLIGATION TO PURCHASE

 

The obligation of the Buyer hereunder to purchase the Securities
and to pay the Purchase Price hereunder is subject to the satisfaction, at or before the Closing Date or any Purchase Price payment
date, of each of the following conditions:

The Company shall have executed and delivered to Buyer this Agreement,
and any agreements, instruments and other documents to be executed and delivered in connection therewith.

 

The representations and warranties of the Company shall be true
and correct in all material respects as of the date when made and as of the Closing Date as though made at that time (except for
representations and warranties that speak as of a specific date). The Company shall have performed, satisfied and complied in all
material respects with the covenants, agreement and conditions required by this Agreement and the Debenture to be performed, satisfied
or complied with by the Company at or prior to the Closing Date or any Purchase Price payment date, and through and including the
date upon which the Debenture has been fully paid. If requested by the Buyer, the Buyer shall have received a certificate, executed
by the President of the Company to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer.

 

The Transfer Agent Instructions, in form and substance satisfactory
to the Buyer, shall have been delivered to and acknowledged in writing by the Company’s transfer agent.

    	 

    	 

    

INDEMNIFICATION

In consideration of the Buyer’s execution and delivery of
this Agreement and acquiring the Securities and the Conversion Shares hereunder, and in addition to all of the Company’s
other obligations under this Agreement, the Company shall defend, protect, indemnify and hold harmless the Buyer and each other
holder of the Securities and the Conversion Shares, all of their officers, directors, employees and agents (including, without
limitation, those retained in connection with the transactions contemplated by this Agreement), and any Designee (collectively,
the “Buyer Indemnitees”) from and against any and all actions, causes of action, suits, claims, losses, costs,
penalties, fees, liabilities and damages, and expenses in connection therewith (irrespective of whether any such Buyer Indemnitee
is a party to the action for which indemnification hereunder is sought), and including reasonable attorneys’ fees and disbursements
(the “Indemnified Liabilities”), incurred by the Buyer Indemnitees or any of them as a result of, or arising
out of, or relating to (a) any misrepresentation or breach of any representation or warranty made by the Company in this Agreement,
the other Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (b) any breach
of any covenant, agreement or obligation of the Company contained in this Agreement, the other Transaction Documents or any other
certificate, instrument or document contemplated hereby or thereby, or (c) any cause of action, suit or claim brought or made against
such Indemnitee and arising out of or resulting from the execution, delivery, performance or enforcement of this Agreement or any
other instrument, document or agreement executed pursuant hereto by any of the Indemnities, any transaction financed or to be financed
in whole or in part, directly or indirectly, with the proceeds of the issuance of the Securities or the status of the Buyer or
holder of the Securities the Conversion Shares, as a Buyer of Securities in the Company. To the extent that the foregoing undertaking
by the Company may be unenforceable for any reason, the Company shall make the maximum contribution to the payment and satisfaction
of each of the Indemnified Liabilities, which is permissible under applicable law.

 

GOVERNING LAW: MISCELLANEOUS

 

Governing Law. This Agreement shall be governed by and interpreted
in accordance with the laws of the State of New Jersey, without regard to the principles of conflict of laws. The Company and the
Buyer expressly consent to the jurisdiction and venue of the Superior Court of New Jersey, Bergen County, for any litigation between
the parties.

 

Specific Performance. The parties hereto recognize that any
breach of the terms this Agreement may give rise to irreparable harm for which money damages would not be an adequate remedy, and
accordingly agree that any non-breaching party shall be entitled to enforce the terms of this Agreement by a decree of specific
performance without the necessity of proving the inadequacy as a remedy of money damages. If specific performance is elected as
a remedy hereunder, such remedy shall be in addition to any other remedies available at law or equity.

 

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

 

Headings; Severability. The headings of this Agreement are
for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement. If any provision of this
Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of
this Agreement in any other jurisdiction.

 

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

 

Notices. Any notices, consents, waivers, or other communications
required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered
(i) upon receipt, when delivered personally; (ii) upon confirmation of receipt, when sent by facsimile; (iii) three (3) days after
being sent by U.S. certified mail, return receipt requested, or (iv) one (1) day after deposit with a nationally recognized overnight
delivery service, in each case properly addressed to the party to receive the same. Each party shall provide five (5) days’
prior written notice to the other party of any change in address or facsimile number.

    	 

    	 

    

Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of the parties and their respective successors and assigns. Neither the Company nor any Buyer shall assign
this Agreement or any rights or obligations hereunder without the prior written consent of the other party hereto.

 

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

 

Publicity. The Company shall issue no press release or public
disclosure involving the Transaction Documents and/or the Financing in the absence of the Buyer’s prior written consent.

 

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

 

Termination. In the event that the Closing shall not have
occurred with respect to the Buyer on or before five (5) business days from the date hereof due to the Company’s failure
to satisfy the conditions set forth above (and the non-breaching party’s failure to waive such unsatisfied condition(s)),
the non-breaching party shall have the option to terminate this Agreement with respect to such breaching party at the close of
business on such date without liability of any party to any other party; provided, however, that if this Agreement is terminated
by the Company, the Company shall remain obligated to reimburse the Buyer for $5,000 in fees and expenses.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

- SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

IN WITNESS WHEREOF the parties have duly executed, or caused
their duly authorized representative, to execute this Securities Purchase Agreement.

	 	FLUX CARBON CORPORATION
	 	 
	 	 
	 	By:/s/ Kevin Kreisler
	 	Name:Kevin Kreisler
	 	Title:Chief Executive Officer
	 	 
	PERVASIP CORP.	 
	 	 
	 	 
	By:/s/ Paul Riss	 
	Name: Paul Riss	 
	Title:Chief Executive OfficerDKS-EXHIBIT_10.25_2015.01.31

Exhibit 10.25

RETENTION AND CONSULTING AGREEMENT

This Retention and Consulting Agreement (this "Agreement") is made and entered into as of November 24, 2014, by and between Dick's Sporting Goods, Inc. and John Duken ("Executive").  In consideration of the promises in this Agreement, and for other good and valuable consideration, the parties hereto agree as follows:

1.Definitions.  As used in this Agreement, the following defined terms shall have the respective meanings set forth below.
(a)Company.  The Company shall mean Dick's Sporting Goods, Inc. and any entity that controls, is under common control with or is controlled by Dick's Sporting Goods, Inc., which includes, without limitation, Golf Galaxy, LLC.
(b)Consulting Period.  The Consulting Period shall run from the Retirement Date through April 4, 2015, unless it is terminated earlier by the Executive for Good Reason as set forth in clause (g) below or by the Company for reasons of Cause as set forth in clause (j) below.  
(c)Effective Date.  The Effective Date of this Agreement shall be the eighth day following Executive's execution of it, as long as it is not revoked prior to the eighth day.  
(d)Inventions.  The term Inventions shall include, but not be limited to, inventions, products, discoveries, improvements, processes, formulae, manufacturing methods or techniques, designs, devices, apparatuses, practices, content, creative works of authorship, computer programs or databases or styles, whether or not patentable or copyrightable.
(e)Proprietary or Confidential Information.  The term Proprietary or Confidential Information shall include, but not be limited to, any and all information in whatever form, whether written, electronically stored, orally transmitted or memorized pertaining to: any trade secret; trademark, patent, copyright or other intellectual property; sales or production records or data; license arrangements and terms; product or service pricing and pricing policies; business development plans; Inventions; financial statements or information; proprietary software; personnel information and files; vendor and supply arrangements and lists; marketing strategies; customer lists and records; and all other confidential or proprietary business information related to the conduct or strategy of the business of the Company.
(f)Releasees.  Releasees means the Company; the present or former directors, members, officers, shareholders, employees, affiliates, agents and advisors (including attorneys) of each entity constituting the Company; and the current or former trustees or administrators of any pension or other benefit plan applicable to the employees or former employees of any of the entities constituting the Company.
(g)Resignation for Good Reason.  Resignation for Good Reason shall mean a resignation by Executive by reason of any material breach of this Agreement by the Company.  For purposes of this Agreement, Executive may resign employment with the Company for Good Reason by providing notice to the Company setting forth with reasonable detail the nature of the Good Reason within 30 days of the event giving rise to the Good Reason.  Executive's Resignation for Good Reason shall only be effective if the Company has not cured or remedied the Good Reason event within 30 days of receipt of Executive's notice.  
(h)Retirement Date.  The Retirement Date shall mean November 29, 2014.  
(i)Termination Date.  The Termination Date shall mean the date Executive separates employment with the Company for any reason (including the Retirement Date).

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(j)Termination For Cause.  Termination for Cause shall mean a termination by the Company as a result of (1) substantial intentional failure to perform Executive's  duties as an employee, (2) any breach of Executive's fiduciary duty or duty of loyalty to the Company, (3) conviction of a felony or fraud, (4) willful and/or gross misconduct in the performance of Executive's  duties to the Company, (5) violation of any material company policy including any unauthorized use or disclosure of Proprietary or Confidential Information of the Company or any violation of the Company's Policy on Insider Trading, (6) conduct (through act or omission) that brings the Company into substantial public disgrace or disrepute, or, (7) failure to report to or perform for work for any significant period of time, other than for reasons of medical and approved personal excuses.
2.Current Employment and Existing Covenants. 
(a) Executive is currently employed as Executive Vice President – Global Merchandising and intends to remain employed as Executive Vice President – Global Merchandising at his currently existing salary and other compensation rate, through and including the Retirement Date.  Except to the extent expressly otherwise provided herein, until the Retirement Date, Executive shall continue to be compensated on the same terms and conditions as in effect immediately prior to the Effective Date.
(b)The parties previously entered into a Form B Non-Compete and Confidentiality Agreement (the "Non-Compete Agreement") relating to, among other things, confidentiality obligations and non-compete and non-solicitation restrictions applicable to Executive.  The parties acknowledge and agree that the Non-Compete Agreement is binding and enforceable on the parties and remains in full force and effect.
3.Retirement Intent and Consulting Agreement. 
(a)It is Executive's intent to retire on the Retirement Date.
(b)From the Retirement Date through the end of the Consulting Period, Executive shall serve as an employee consultant to the Company on the terms set forth in this Agreement.
(c)During the Consulting Period, Executive will provide consulting and advisory services from time to time as may be reasonably requested by the Company's Chief Executive Officer.  Such services may consist of any matters of concern to the Chief Executive Officer.
(d)During the Consulting Period, Executive will be classified as a regular full-time employee of the Company.  Executive shall not, solely by virtue of the consulting services provided hereunder, be considered to be an officer of the Company during the Consulting Period, and shall not have the power or authority to contract in the name of or bind the Company.
4.Consulting Compensation.  
(a)The Company agrees that Executive will receive compensation during the Consulting Period in the aggregate amount of $543,306.00 (the "Consulting Compensation").  The Consulting Compensation shall be payable in 8 installments of $67,913.25 each.  These Consulting Compensation installments shall be paid every two weeks beginning on the Company's first regular pay date following commencement of the Consulting Period.
(b)The Company shall continue to provide Executive and his eligible dependents with health care benefit coverages (including medical, vision and dental benefit coverages) equivalent to those generally provided to senior executives in active employment with the Company during the Consulting Period.  As of the last day of the month in which the Termination Date occurs, Executive's health care benefit coverages shall cease.  At that time, the Company will provide Executive information regarding Executive's rights to extend Executive's medical coverage under COBRA.  
(c)For the avoidance of doubt, the Consulting Compensation shall be in addition to any performance incentive bonus award to which Executive may be entitled under the Company's Performance Incentive 

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Plan for Fiscal Year 2014.  If Executive's Termination Date occurs after the end of the Company's fiscal year 2014 and the Company achieves its performance targets for company-wide metrics, the Company shall pay Executive the total amount of the performance incentive bonus award earned by Executive prior to the Termination Date under the Company's Performance Incentive Plan for Fiscal Year 2014.  The final amount of the performance incentive bonus award will be based on the Company's audited financial statements for Fiscal Year 2014 and is subject to the approval of the Compensation Committee of the Company's Board of Directors.  Such performance incentive bonus award shall be paid to Executive at a time determined by the Company in the ordinary course of business but no later than seventy-five (75) days after the last day of Fiscal Year 2014. 
(d)Executive acknowledges and agrees that the Consulting Compensation payments and any performance incentive bonus award made under Section 4(c) shall be in full payment of any and all salary, bonus, severance or other payments to which Executive is or may otherwise be entitled after the Retirement Date.  For the avoidance of doubt, Executive acknowledges that the Consulting Compensation payments shall be inclusive of any severance payments to which he is or was entitled under the Non-Compete Agreement.  
(e)All payments under this Agreement shall be subject to any applicable federal, state or local income and employment withholding or other requirements.  The Company shall withhold from all payments made pursuant to this Agreement appropriate tax and other withholdings, which shall be remitted and reported to the United States Internal Revenue Service and other appropriate taxing agencies in accordance with all federal, state and local tax requirements.  Executive agrees that Executive shall be responsible for his tax liabilities associated with any payments made pursuant to this Agreement and that Executive shall indemnify and hold harmless the Company with respect to any tax liability or penalty relating to the payments or the matters encompassed herein.
5.Breach by Executive.
(a)Executive agrees that if Executive at any time breaches the Non-Compete Agreement, or if Executive's employment with the Company is terminated prior to April 4, 2014, (i) by the Company in a Termination For Cause or (ii) by Executive for any reason other than a Resignation for Good Reason, Executive's  entitlement to receive the Consulting Compensation or any other compensation or benefits from the Company shall immediately cease.  
(b)Executive will provide the Company with such information as the Company may from time to time reasonably request to determine Executive's compliance with the Non-Compete Agreement.  Executive authorizes the Company or its agents to contact Executive's future employers and other persons or entities with which Executive has any business relationship to determine Executive's compliance with the Non-Compete Agreement or to communicate the contents of the Non-Compete Agreement to such employers and other persons or entities.  Executive releases the Company from all liability for any damage arising from any such contacts or communications.  The foregoing is in addition to, but not in lieu of, any and all rights the Company may have at law or in equity in the event of a breach of this Agreement or the Non-Compete Agreement by Executive.
6.Release and Waiver of Claims.
(a)Executive irrevocably and unconditionally releases, acquits and forever discharges Releasees of and from any and all charges, complaints, claims, causes of action, suits and debts, of whatever nature, related in any way to Executive's employment by any Releasee or termination thereof, occurring or accruing on or before the date Executive executes this Agreement, whether known or unknown, asserted or unasserted, that Executive now has, may have, or claims to have against the Company or any of the other Releasees.  This includes any and all such claims or causes of action that Executive could make on Executive's own behalf, but also those that may or could be brought by any person or entity on Executive's behalf.
(b)The release and waiver set forth in Section 6(a) includes, but is not limited to, any claims arising under any federal, state or local statutes, regulations, ordinances or common laws, specifically including, but not limited to (and in each case as it may have been amended):  the Age Discrimination in Employment Act ("ADEA"); the Older Workers' Benefit Protection Act; the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Family and 

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Medical Leave Act; Sections 1981 through 1988 of Title 42 of the United States Code; the Employee Retirement Income Security Act of 1974; the Americans with Disabilities Act of 1990; the Occupational Safety and Health Act; the Equal Pay Act of 1963; the Consolidated Omnibus Budget Reconciliation Act of 1985; the Health Insurance Portability and Accountability Act of 1996; Section 503 of the Rehabilitation Act of 1973; and any common law claims, including but not limited to those alleging wrongful discharge, intentional or negligent infliction of emotional distress, breach of contract, promissory or equitable estoppel, discrimination, defamation, invasion of privacy, negligence, breach of duty and/or claims for attorney's fees, punitive, compensatory and liquidated damages, expenses or costs.  
(c)Notwithstanding Sections 6(a) and (b), the release set forth therein does not and is not intended to (i) release any claims that cannot be released by law, such as claims for workers compensation benefits, or (ii) preclude Executive from seeking a judicial determination of the validity of the release of Executive's rights under the Age Discrimination in Employment Act.
(d)Notwithstanding Sections 6(a) and (b), Executive retains the right to file a charge or complaint with any federal, state or local governmental agency, including, but not limited to, the Equal Employment Opportunity Commission, or to provide testimony or assistance with respect to, or otherwise participate in, any investigation, proceeding or hearing conducted by any such federal, state or local governmental agency.  However, Executive waives any right to monetary or other recovery should any federal, state or local governmental agency pursue any claim on Executive's behalf relating in any way to Executive's employment by any Releasee or termination thereof, or to any of the claims that are otherwise subject to the release and waiver of claims set forth in this Agreement. 
(e)Notwithstanding Sections 6(a) and (b), the release, waiver and other provisions of this Agreement do not diminish or otherwise adversely impact any vested benefits to which Executive might be entitled pursuant to any employee benefit plan maintained by the Company.  
7.Return of Property and Cooperation
(a)All documents and other property that relate to the business of the Company are the exclusive property of the Company, even if Executive authored or created them.  Executive represents and warrants that Executive will return to the Company on or before the Termination Date any and all such documents and property, including, but not limited to, electronic and paper documents, software, equipment (including, but not limited to, mobile devices, computers and computer-related items), and all other materials or other things (including, but not limited to, identification and keys) in Executive's possession, custody or control, as well as all copies and derivatives, in whatever form.  Executive further represents and warrants that Executive will not retain any such documents and property, or any copies or derivatives thereof, in whatever form.
(b)At the Company's request, Executive shall be reasonably available to the Company and cooperate with the Company with respect to the investigation, defense or prosecution of matters that relate to any threatened, present or future claims or proceedings that involve the Company or the other Releasees and about which Executive reasonably may have knowledge.  Executive acknowledges that providing such cooperation may include, without limitation, providing declarations, affidavits or statements, meeting with attorneys and other Company representatives to prepare for depositions or testimony and giving depositions and testimony.  The Company shall pay Executive's reasonable costs and expenses incurred in connection with Executive's performance of Executive's obligations under this Section 7(b) at the request of the Company.
(c)Executive will promptly complete and return any director and officer questionnaire or provide similar information as may be requested by the Company in connection with filings to be made by the Company with the Securities and Exchange Commission and/or the NYSE Euronext.
8.Incentive Compensation Clawback.  Executive understands and agrees that incentive compensation paid to him any time during the time he served as the Executive Vice President – Global Merchandising may be subject to clawback solely to the extent required by applicable law or any applicable securities exchange listing standards, including, but not limited to the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer 

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Protection Act, as determined by the Compensation Committee of the Company's Board of Directors (the "Committee").  Such clawback may include forfeiture, repurchase, reimbursement and/or recoupment of compensation, including the retention bonus payment, and will be determined by the Committee.  
9.Construction and Interpretations.
(a)If any provision of this Agreement is conclusively determined to be prohibited or unenforceable in any jurisdiction, such provision shall be ineffective to the extent of such prohibition or unenforceability without affecting, impairing or invalidating the remaining provisions hereof or the enforceability thereof in such jurisdiction or the validity or enforceability of any provision hereof in any other jurisdiction.  
(b)This Agreement is a fully integrated contract and sets forth the entire agreement between the parties with respect to the terms of Executive's separation from the Company, including the financial terms and the terms of Executive's release of and waiver of claims against the Company and the other Releasees.  Subject to Section 2(b), this Agreement fully supersedes any and all prior agreements or understandings between the parties.  This Agreement shall be binding upon the parties hereto and their respective heirs, successors and assigns and may not be modified except in writing signed by both the Company and Executive.  This Agreement or any right or obligation hereunder shall not be assignable or transferable by Executive, and any such purported assignment or transfer shall be null and void.  This Agreement or any right or obligation hereunder shall be assignable or transferable by the Company, whether by operation of law or otherwise.
(c)The waiver by either party of the other party's breach of any provision of this Agreement shall not be construed as a waiver of any subsequent breach by the other party of the same or a different provision.
(d)Except as set forth in Section 6 of this Agreement or as otherwise expressly set forth in this Agreement, this Agreement is not intended to and shall not be construed to give any person or entity other than the parties signatory hereto any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or contemplated hereby.
(e)This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania without giving effect to the principles of conflicts of law.  Executive irrevocably submits to the personal and exclusive jurisdiction of the United States District Court for the Western District of Pennsylvania or the Court of Common Pleas of Allegheny County, Pennsylvania in any action or proceeding arising out of, or relating to, this Agreement (whether such action arises under contract, tort, equity or otherwise).  Executive irrevocably waives any objection that Executive now or hereafter may have to the laying of venue or personal jurisdiction of any such action or proceeding brought in such courts.  Jurisdiction and venue of all such causes of action shall be exclusively vested in the United States District Court for the Western District of Pennsylvania or the Court of Common Pleas of Allegheny County, Pennsylvania.  Executive irrevocably waives Executive's right to object to or challenge the above selected forum on the basis of inconvenience or unfairness under 28 U.S.C. § 1404, 42 Pa. C.S. § 5322 or similar state or federal statutes.
(f)The Consulting Compensation payments are intended to comply with or be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the Department of Treasury Regulations thereunder ("Section 409A"), and the provisions of this Agreement shall be administered, interpreted and construed in accordance with and to implement such intent.  Notwithstanding any provision of this Agreement to the contrary, Section 409A may impose upon Executive certain taxes or other charges for which Executive is and shall remain solely responsible, and nothing contained in this Agreement shall be construed to obligate the Company or any other Releasees for any such taxes or other charges, and in no event shall the Company or any other Releasees have any liability to Executive (or any other person) due to the failure of this Agreement or any payment hereunder to satisfy the requirements of Section 409A or any other applicable law.
10.Jury Trial Waiver.  In consideration of this Agreement, and the consideration provided under it, Executive irrevocably and unconditionally agrees not to elect a trial by jury and knowingly, intelligently and 

5

voluntarily waives all rights Executive has or may have had, but for this Agreement, to trial by jury in any proceeding, dispute, controversy or claim arising from or related to this Agreement.
11.Reasonable Opportunity to Review.
(a)Executive acknowledges that Executive has carefully read and fully understands the provisions of this Agreement, that Executive has had a full and fair opportunity to consider the terms of this Agreement (including the release and waiver of claims set forth herein) for a reasonable period of time, and that Executive's acceptance of the terms of this Agreement is both knowing and voluntary.
(b)Executive is hereby advised to consult with a lawyer of Executive's choosing, and Executive hereby acknowledges that Executive understands that right and has had an opportunity to consult with a lawyer of Executive's choosing regarding Executive's lawful remedies and rights as well as the meaning and significance of the terms of this Agreement.
(c)Executive represents and acknowledges that in executing this Agreement Executive does not rely and has not relied upon any representation or statement made by the Company or by any of the other Releasees with regard to the subject matter, basis or effect of this Agreement or otherwise, except any representation or statement expressly set forth herein.
(d)Executive confirms that Executive has been given 21 days to consider the terms of this Agreement before signing this Agreement.  If Executive executes this Agreement prior to the expiration of the 21-day period, Executive acknowledges that Executive does so solely because Executive already fully and carefully considered this Agreement before signing it.  If the terms or form of this Agreement are revised or modified prior to the expiration of such 45-day period, such revision or modification shall not restart that 21-day period. 
(e)Executive may revoke the release and waiver of claims under the Age Discrimination in Employment Act by delivering a written revocation to Deborah Victorelli, Senior Vice President of Human Resources, Dick's Sporting Goods, Inc., 345 Court Street, Coraopolis, PA  15108, within 7 days after executing this Agreement.  
PLEASE READ CAREFULLY.  THIS AGREEMENT INCLUDES A RELEASE
OF ALL KNOWN AND UNKNOWN CLAIMS.

By signing below, each party evidences their intent to be legally bound by this Agreement.

	
						
	 
	 
	 
	DICK'S SPORTING GOODS, INC.

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	/s/ JOHN G. DUKEN
	/s/ DEBORAH M. VICTORELLI

	John G. Duken
	Deborah M. Victorelli

	 
	 
	 
	Senior Vice President of Human Resources

	 
	 
	 
	 
	 
	 

	Date:
	November 24, 2014
	Date:
	November 24, 2014

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