SEC Contract Filing

Filing Date: 2016-02-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>20
<FILENAME>ex10_16.htm
<DESCRIPTION>EXHIBIT 10.16
<TEXT>
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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.16&nbsp;</B></FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NONE
OF THE SECURITIES TO WHICH THIS AGREEMENT RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE &quot;1933 ACT&quot;), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CONVERSION
AND REGISTRATION RIGHTS AGREEMENT</B></FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Conversion and Registration Rights Agreement (this &ldquo;Agreement&rdquo;) is entered into effective January 31, 2016 by and
between American Home Alliance Corporation, a Delaware corporation (&ldquo;AHLL&rdquo;) and Peter Norman (&ldquo;Norman&rdquo;).</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
AHLL is indebted under a note payable in the amount of $214,616, together with interest accrued thereon (the &ldquo;Note&rdquo;),
originally issued to International Credit Bureau, Inc.; and</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Norman has acquired, by assignment, all right, title and interest in and to the Note; and</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Norman wishes to convert and exchange all indebtedness owed under the Note for new common stock in AHLL,</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.
&#9;Conversion of Note</B></FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1.&#9;On
the basis of the representations and warranties and subject to the terms and conditions set forth herein, Norman hereby irrevocably
agrees to convert the entire amount of principal and any accrued interest due and owing under the Note into 1,600,000 shares of
common stock in AHLL (the &ldquo;Shares&rdquo;).</FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2.&#9;On
the basis of the representations and warranties and subject to the terms and conditions set forth herein, AHLL hereby irrevocably
agrees to issue the Shares to Norman in exchange for and upon the conversion of the Note. Norman hereby agrees that u