<SUBMISSION>
<ACCESSION-NUMBER>0001477932-12-001850
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20120523
<ITEMS>1.01
<ITEMS>2.01
<ITEMS>3.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20120531
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<COMPANY-DATA>
<CONFORMED-NAME>Bitzio, Inc.
<CIK>0001347078
<ASSIGNED-SIC>7372
<IRS-NUMBER>161734022
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
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<ACT>34
<FILE-NUMBER>000-51688
<FILM-NUMBER>12879207
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<BUSINESS-ADDRESS>
<STREET1>548 MARKET STREET
<STREET2>SUITE 18224
<CITY>SAN FRANCISCO
<STATE>CA
<ZIP>94104
<PHONE>866-824-7881
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<STREET1>548 MARKET STREET
<STREET2>SUITE 18224
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<FORMER-CONFORMED-NAME>ROCKY MOUNTAIN FUDGE CO IN
<DATE-CHANGED>20051215
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<TYPE>8-K
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<FILENAME>bitzio_8k.htm
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Current Report</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Share Purchase Agreement</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On May 23, 2012, Bitzio, Inc. (the &#8220;Registrant&#8221;) and its subsidiary, Bitzio Studios, Inc. (the &#8220;Subsidiary&#8221;) entered into a Share Purchase Agreement (the &#8220;Share Purchase Agreement&#8221;) with Manny Bains, Tejinder Gill and Brendan Shaw (collectively, the &#8220;Holders&#8221;), the owners of all of the issued and outstanding shares of Motion Pixel Corporation Holdings, a corporation incorporated under the laws of Costa Rica (&#8220;MPCH&#8221;).&#160;&#160;Pursuant to the Share Purchase Agreement, the Subsidiary purchased all of the outstanding shares of MPCH from the Holders in exchange for 6,500,000 shares of the Registrant&#8217;s common stock (the &#8220;Acquisition&#8221;).&#160;&#160;MPCH is a media and animation studio with operations in the U.S., Costa Rica, and India.&#160;&#160;The MPCH acquisition adds 35 animators, developers and managers to the Registrant&#8217;s global development team.&#160;&#160;Pursuant to the Share Purchase Agreement, each of the Subsidiary and Holders made representations, warranties, covenants and agreements customary for a transaction of this type.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Consulting Agreement</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On May 23, 2012, the Subsidiary and MPCH entered into a one-year Consulting Agreement (the &#8220;Consulting Agreement&#8221;) with Latin America Futbol Corp., a corporation incorporated under the laws of Florida (&#8220;LAFC&#8221;).&#160;&#160;Pursuant to the Consulting Agreement, LAFC will receive (i) $100,000 over the one-year term of the Consulting Agreement, (ii) cash from revenue sharing based on revenues generated by MPCH (&#8220;Revenue Sharing&#8221;) and (iii) shares of the Registrant&#8217;s common stock for LAFC expenses that exceed cash from the Revenue Sharing.&#160;&#160;The shares of the Registrant&#8217;s common stock shall be based on the average closing price of the Registrant&#8217;s common stock; provided that the price shall not be less than $0.25 per share and not more than $0.50 per share.&#160;&#160;LAFC may also receive up to 3,000,000 for achieving certain milestones.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The foregoing description of the Share Purchase Agreement and Consulting Agreement are qualified in their entirety by reference to the full text of the agreements, which are attached hereto as exhibits.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 2.01 Completion of Acquisition or Disposition of Assets</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The information relating to the Registrant&#8217;s acquisition of MPCH described in Item 1.01, which is incorporated herein by reference.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 3.02 Unregistered Sales of Equity Securities</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The information relating to the Registrant&#8217;s acquisition of MPCH described in Item 1.01, which is incorporated herein by reference.&#160;&#160;The shares of the Registrant&#8217;s common stock were issued in reliance upon the exemption from registration pursuant to Section 4(2) of the Securities Act&#160;of 1933 and&#160;Rule 506 of Regulation D.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 8.01 Other Events</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On May 23, 2012, the Registrant issued a press release announcing the acquisition of MPCH. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 9.01 Financial Statements and Exhibits.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial Statements of Business Acquired.</font>

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<TYPE>EX-10.1
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">tz</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">o</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Stu</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ios,</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Inc</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">.</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a Nevada Corporation with an office at 548 Market Street, Suite 18224<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> San Francisco<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> California 94104 (&#8220;Bitzio&#8221;)</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8208;and&#8208;</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">tz</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">o</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">,</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">c</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">.</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a Nevada Corporation with an office at&#160;&#160;548 Market Street<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Suite </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">18224<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> San Francisco<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> California 94104 (&#8220;Parent&#8221;)</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Collectively, the Vendors are the registered and beneficial owners of all the issued and outstanding shares in the capital of Motion Pixel Corporation Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Inc<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> (&#8220;MPC Holdings&#8221;);</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bitzio is a wholly owned subsidiary of Parent; and</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bitzio&#160;&#160;is&#160;&#160;willing to&#160;&#160;purchase&#160;&#160;and&#160;&#160;the&#160;&#160;Vendor&#160;&#160;is&#160;&#160;willing&#160;&#160;to&#160;&#160;sell&#160;&#160;all&#160;&#160;the&#160;&#160;issued&#160;&#160;and outstanding shares in the capital of MPC Holdings on the terms and conditions contained in this Agreement;</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For good and valuable consideration<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the receipt and adequacy of which are hereby acknowledged<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Parties agree as follows:</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">1&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Def</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">on</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font>.&#160;&#160;In this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the following terms shall have the meanings set out below unless the context requires otherwise:</font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">A</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ffi</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">iate</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means,&#160;&#160;with&#160;&#160;respect&#160;&#160;to&#160;&#160;any&#160;&#160;Person,&#160;&#160;any&#160;&#160;other&#160;&#160;Person&#160;&#160;who&#160;&#160;directly&#160;&#160;or indirectly controls<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> is controlled by<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or is under direct or indirect common control with, such Person<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and includes any Person in like relation to an Affiliate.&#160;&#160;A Person shall be deemed to control a Person if such Person possesses<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> directly or indirectly<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> by contract or otherwise; and the <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">term "controlled" shall have a similar meaning<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Agr</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ement</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> including the Exhibits and the Schedules to this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> as it or they may be amended or supplemented from time to time<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and the expressions <font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">h</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ere</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">"herein</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">"hereto</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">"hereunder</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font>, <font style="DISPLAY: inline; FONT-WEIGHT: bold">"her</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">by</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and similar expressions refer to this Agreement and not to any particular Section or other portion of this Agreement.</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"App</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">icabl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Law</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> with respect to any Person<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> property<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> transaction<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> event or other matter<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> any law<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> rule<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> statute<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> regulation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> order, judgment<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> decree<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> treaty or other requirement having the force of law (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">La</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">w</font>") relating or applicable to such Person<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> property<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> transaction, event or other matter.&#160;&#160;&#160;Applicable Law also includes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> where appropriate<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> any interpretation of the Law (or any part thereof) by any Person having jurisdiction over it<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or charged with its administration or interpretation.</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Assets</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means&#160;&#160;all&#160;&#160;the&#160;&#160;properties,&#160;&#160;assets,&#160;&#160;interests&#160;&#160;and&#160;&#160;rights&#160;&#160;of&#160;&#160;MPC&#160;&#160;Holdings including the following:</font></div>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Real Property;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Personal Property;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Receivables;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all rights and interests under or pursuant to all warranties<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> representations and guarantees, express<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> implied or otherwise<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> of or made by suppliers or others in connection with the Assets;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Intellectual Property;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(f)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Contracts;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Licences and Permits;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(h)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Books and Records;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all prepaid charges<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> deposits<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> sums and fees paid by MPC Holdings before the <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Closing Time;</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(j)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all&#160;&#160;goodwill&#160;&#160;of&#160;&#160;MPC&#160;&#160;Holdings&#160;&#160;including&#160;&#160;the&#160;&#160;present&#160;&#160;telephone&#160;&#160;numbers, internet domain addresses and other communications numbers and addresses of MPC Holdings;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(k)</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all proceeds of any or all of the foregoing received or receivable on or after the <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Closing Date.</font></font></td>
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<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
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<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(5)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Boo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">k</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">cord</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>means all books<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> records<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> files and papers of MPC Holdings including drawings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> engineering information, computer programs (including source code)<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> software programs<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> manuals and data<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> sales and advertising materials<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> sales and purchases correspondence<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> trade association files<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> research and development records, lists of present and former customers and suppliers<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> personnel<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> employment and other records<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and the minute and share certificate books of MPC Holdings and the Subsidiaries<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and all copies and recordings of the foregoing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(6)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">u</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">sin</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ss</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means the business carried on by MPC Holdings which primarily involves an animation studio which develops animation for all media formats<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">(7)</td>
<td width="1102"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"C<font style="DISPLAY: inline; FONT-WEIGHT: bold">la</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">im</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></td>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(8)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">osing</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means the completion of the purchase and sale of the Shares in accordance with the provisions of this Agreement.</font></div>
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<div>&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(9)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">osin</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">D</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ate</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means May 23<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> 2012 or such earlier or later date as may be agreed upon in writing by the Parties<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">(1<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font>)</td>
<td width="1102"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"C<font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">osin</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Stateme</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ts</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 2.5(1).</td>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(11)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Consent</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Approvals</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all consents and approvals required to be obtained in connection with the execution and delivery of this Agreement and the completion of the transactions contemplated by this Agreement.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(12)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Contracts</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>means all rights and interests of MPC Holdings in all pending and/or executory contracts<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> agreements<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> leases and arrangements to which MPC Holdings is a party or by which MPC Holdings or any of the Assets or the Business is bound or affected including the Material Contracts and the Leases<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">(13)</td>
<td width="1102"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Director<font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means a director of MPC Holdings; and <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Directors</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means every Director.</td>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(14)</font></font></div>
</td>
<td align="left" width="1102">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB2" style="LETTER-SPACING: 3pt; COLOR: black"></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">E</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">mplo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ee</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"&#160;</font>means&#160;an&#160;individual&#160;who&#160;is&#160;employed&#160;by&#160;MPC&#160;Holdings;&#160;and </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">E</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">mplo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ees</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means every Employee<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(15)</font></font></div>
</td>
<td align="left" width="1102">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Em</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">p</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pla</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(31).</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(16)</font></font></div>
</td>
<td align="left" width="1102">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fi</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ancia</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Statements</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(9).</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(17)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"GAAP</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means those accounting principles which are recognized as being generally accepted in the United States.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(18)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"including</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>means "including without limitation"<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and <font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ludes</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means "includes without limitation"<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">4</font></div>

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<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(19)</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"In</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">em</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">fie</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">P</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ty</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means a Person whom the Vendor or Bitzio<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> as the case may be, has agreed to indemnify under Article 6<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font>)</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"In</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">em</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">fyin</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Party</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in relation to an Indemnified Party<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Party to this </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Agreement that has agreed to indemnify that Indemnified Party under Article 6. </font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(21)</font></font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ellectua</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Prope</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ty</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all rights to and interests in:</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">&#160;</td>
<td width="1102">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all business and trade names<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> corporate names<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> brand names and slogans </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Related to the Business;</font></div>
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</div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all inventions<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> patents<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> patent rights<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> patent applications (including all reissues, divisions<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> continuations<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> continuations&#8208;in&#8208;part and extensions of any patent or patent application), industrial designs and applications for registration of industrial designs Related to the Business;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all copyrights and trade&#8208;marks (whether used with wares or services and including the goodwill attaching to such trade&#8208;marks), registrations and applications for trade&#8208;marks and copyrights (and all future income from such trade&#8208;marks and copyrights) Related to the Business;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="WIDTH: 54px">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all rights and interests in and to processes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> lab journals<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> notebooks<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> data<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> trade secrets,&#160;&#160;designs,&#160;&#160;know&#8208;how,&#160;&#160;product&#160;&#160;formulae&#160;&#160;and&#160;&#160;information, manufacturing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> engineering and other drawings and manuals<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> technology<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> blue prints<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> research and development reports<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> agency agreements, technical information<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> technical assistance<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> engineering data<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> design and engineering specifications, and similar materials recording or evidencing expertise or information Related to the Business;</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="WIDTH: 54px">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all of the intellectual property affected by the registrations and applications for registration listed in Schedule 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(18A) and the permissions and licences listed in Schedules 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(18C) and 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(18D);</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">&#160;</td>
<td width="1096">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all&#160;&#160;other&#160;&#160;intellectual&#160;&#160;and&#160;&#160;industrial&#160;&#160;property&#160;&#160;rights&#160;&#160;throughout&#160;&#160;the&#160;&#160;world </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Related to the Business;</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">&#160;</td>
<td width="1102">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all licences of the intellectual property listed in items (a) to (f) above;</font></div>
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</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 54px">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all future income and proceeds from any of the intellectual property listed in items (a) to (f) above and the licences listed in item (g) above; and</font></div>
</td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 54px">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all rights to damages and profits by reason of the infringement of any of the intellectual property listed in items (a) to (g) above<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
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</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
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<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(22)</font></div>
</td>
<td width="1102">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Le</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">se</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Premises</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means&#160;&#160;all&#160;&#160;real&#160;&#160;property&#160;&#160;that&#160;&#160;is&#160;&#160;leased&#160;&#160;or&#160;&#160;occupied&#160;&#160;by&#160;&#160;MPC Holdings.</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(23)</font></font></div>
</td>
<td align="left" width="1102">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Le</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ses</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means Personal Property Leases and Premises Leases<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 54px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(24)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">L</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">b</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all costs<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> expenses<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> charges, debts, liabilities<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> claims<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> demands and obligations, whether primary or secondary<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> direct or indirect<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> fixed<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> contingent, absolute or otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> under or in respect of any contract<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> agreement, arrangement, lease<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> commitment or undertaking<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Applicable Law and Taxes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(25)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">L</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ce</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ce</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Permits</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all licences<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> permits<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> filings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> authorizations<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> approvals or indicia of authority issued to MPC Holdings including the Environmental Permits.</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(26)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">L</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ien</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>means any lien<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> mortgage, charge<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> hypothec<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> pledge<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> security interest<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> prior assignment<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> option<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> warrant<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> lease<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> sublease<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> right to possession<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> encumbrance, claim, right or restriction which affects<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> by way of a conflicting ownership interest or otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the right<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> title or interest in or to any particular property.</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(27)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Materia</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Adve</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">h</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ange</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means a change in the business<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> operations or capital of MPC Holdings which has had or could reasonably be expected to have a significant adverse effect on the value of the Shares.</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(28)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Materia</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Co</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ract</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means an agreement (whether oral or written) to which MPC Holdings is a party or by which MPC Holdings or any of the Assets or the Business is bound or affected except an agreement which involves or may reasonably be expected to involve the payment to or by MPC Holdings of less than $5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">00</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> over the term of the agreement and is not otherwise material to the operation of the Business.</font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 54px">(29)</td>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Notices</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means the notices required to be given to any Person under Applicable Law or pursuant to any contract or other obligation to which MPC Holdings is a party or by which MPC Holdings is bound or which is applicable to any of the Assets in connection with&#160;&#160;the&#160;&#160;execution&#160;&#160;and&#160;&#160;delivery&#160;&#160;of&#160;&#160;this&#160;&#160;Agreement&#160;&#160;or&#160;&#160;the&#160;&#160;completion&#160;&#160;of&#160;&#160;the transactions contemplated by this Agreement.</font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font>)</font></font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">O</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">fficer</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means an officer of MPC Holdings; and <font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">O</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ffice</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means every Officer<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(31)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Pa</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ty</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means a party to this Agreement and any reference to a Party includes its successors and permitted assigns; and <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Pa</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ties</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means every Party.</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(32)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Pe</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">son</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>is to be broadly interpreted and includes an individual<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a corporation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a partnership<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a trust<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> an unincorporated organization<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the government of a country or any political subdivision thereof or any agency or department of any such government, and the executors<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> administrators or other legal representatives of an individual in such capacity.</font></div>
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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">6</font></div>

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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(33)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Pe</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">sona</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Prope</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ty</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">" </font>means all machinery, equipment<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> computers and related equipment, furniture<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> motor vehicles and other chattels owned or leased by MPC Holdings (including those in possession of third parties)<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(34)</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Pu</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">chas</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">P</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ice</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 2.2<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(35)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">v</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ble</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all accounts receivable<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> bills receivable<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> trade accounts<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> book debts and insurance claims of MPC Holdings together with any unpaid interest accrued on such items and any security or collateral for such items<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> including recoverable deposits.</font></div>
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(36)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Re</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ate</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">th</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Bus</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">nes</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> directly or&#160;&#160;indirectly<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> used in,&#160;&#160;arising from or relating in any manner to the Business<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(37)</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Shares</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all the issued and outstanding shares in the capital of MPC Holdings. </font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(38)</font></font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Taxes</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>means all taxes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> charges<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> fees<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> levies<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> imposts and other assessments<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> including </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">all&#160;income<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;sales<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;use<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;goods&#160;and&#160;services<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;value&#160;added<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;capital<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;capital&#160;gains<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>&#160;alternative, </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">net worth<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> transfer<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> profits<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> withholding<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> payroll<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> employer health<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> excise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> franchise, real property and personal property taxes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and any other taxes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> customs duties<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> fees, assessments or similar charges in the nature of a tax<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> together with any instalments with respect thereto<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and any interest<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> fines and penalties imposed by any governmental authority (including federal<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> state<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> provincial<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> municipal and foreign governmental authorities)<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and whether disputed or not<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(39)</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">"Thir</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">P</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">im</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>has the meaning given in Section 6.4. </font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">2&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">H</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ing</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">T</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">bl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Con</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">en</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ts</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The division of this Agreement into Articles and Sections<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the insertion of headings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and the provision of any table of contents are for convenience of reference only and shall not affect the construction or interpretation of this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">3&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Numbe</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Gender</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Unless the context requires otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> words importing the singular include the plural and vice versa and words importing gender include all genders.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">4&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Curre</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Except&#160;&#160;as&#160;&#160;otherwise&#160;&#160;expressly&#160;&#160;provided&#160;&#160;in&#160;&#160;this&#160;&#160;Agreement&#160;&#160;all&#160;&#160;dollar amounts referred to in this Agreement are stated in U.S<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Dollars.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">5&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">S</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ut</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">fere</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">es</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Any reference in this Agreement to any statute or any section thereof shall<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> unless otherwise expressly stated<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> be deemed to be a reference to such statute or section as amended<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> restated or re&#8208;enacted from time to time<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">6&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Sect</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Schedu</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ferenc</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">es</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Unless the context requires otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> references in this Agreement to Sections<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Exhibits or Schedules are to Sections<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Exhibits or Schedules of this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> </font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURCHASE OF SHARES</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">1&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Agreemen</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Purchas</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Sell</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>At the Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> subject to the terms and conditions of this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Vendor shall sell to Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and Bitzio shall purchase from the Vendor<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Shares<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">2&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Amou</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Purchas</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Price</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The purchase price payable by Bitzio to the Vendor for the Shares shall be Six Million Five Hundred Thousand (6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font>500,0<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font>) common shares (&#8220;Stock Purchase Price&#8221;) in the capital stock of Parent (the &#8220;Bitzio Stock&#8221;).</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">3&#160; </font></font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">R</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">st</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">cte</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Stock</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>It is acknowledged and agreed by the Vendors that all Bitzio Stock issued pursuant to this Agreement will be deemed &#8220;restricted securities&#8221; as defined by rule 144 of the Securities Act of 1933<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> as amended and any stock certificates issued will bear appropriate legends.</font></div>
</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2.4&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Paymen</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Purchas</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Price</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Stock Purchase Price<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> being the sole consideration fo the purchase of the MPC Stock<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> shall be issued to the Vendor (or as directed by the Vendor) on the Closing Date.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">5&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Prepa</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">atio</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Clo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">in</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Stateme</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ts</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>As soon as practicable and in any event within </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> days after the Closing Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Vendor shall prepare and deliver to Bitzio unaudited financial statements of MPC Holdings for the period beginning on the first day of the current financial year of MPC Holdings and ending on the Closing Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> including a balance sheet<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> an income statement and a statement of changes in financial position, prepared in accordance with GAAP on a basis consistent with the Financial Statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CLOSING ARRANGEMENTS</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">1&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ing</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Closing shall take place at 10:0<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> a<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>m<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> on the Closing Date or at such other time on the Closing Date or such other place as may be agreed orally or in writing by the Vendor and Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">2&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Vendo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">'</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Clo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">in</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Delive</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ies</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>At the Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Vendor shall deliver or cause to be delivered to Bitzio the following documents:</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td align="left" width="1070">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the certificate or certificates representing the Shares;</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></font></div>
</td>
<td width="1070" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">an assignment of the Shares in the form of Exhibit A</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> duly executed by the Vendor; (3)<font id="TAB2" style="LETTER-SPACING: 3pt; COLOR: black">&#160;</font>the minute books<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> share certificate books and corporate seals of MPC Holdings;</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)</font></font></div>
</td>
<td align="left" width="1070">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB2" style="LETTER-SPACING: 3pt; COLOR: black"></font>the minute books<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> share certificate books and corporate seals of MPC Holdings;</font></div>
</td>
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</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(4)</font></div>
</td>
<td align="left" width="1070">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a certificate of the President or other senior officer of the Vendor dated as of the</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Closing Date in the form of Exhibit B;</font></div>
</td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">8</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(5)</font></div>
</td>
<td valign="top" width="93%" style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">evidence&#160;&#160;in&#160;&#160;form&#160;&#160;satisfactory&#160;&#160;to&#160;&#160;Bitzio&#160;&#160;acting&#160;&#160;reasonably&#160;&#160;that&#160;&#160;the&#160;&#160;Consents&#160;&#160;and </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Approvals have been obtained;</font></div>
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<td valign="top" width="7%" style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="93%" style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(6)</font></div>
</td>
<td valign="top" width="93%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The&#160;&#160;Vendor&#8217;s Attorney&#8217;s opinion,&#160;&#160;addressed&#160;&#160;to&#160;&#160;Bitzio&#160;&#160;substantially in&#160;&#160;the&#160;&#160;form&#160;&#160;of </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exhibit C;</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="93%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(7)</font></div>
</td>
<td valign="top" width="93%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the written resignation of each Director and Officer and a release of all claims against </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MPC Holdings; and</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="93%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="7%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(8)</font></div>
</td>
<td valign="top" width="93%" style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all such other assurances<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> consents<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> agreements<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> documents and instruments as may be reasonably required by the Vendor to complete the transactions provided for in this Agreement.</font></div>
</td>
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<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.3&#160; <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">tz</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">'</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">in</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">De</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ive</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="FONT-WEIGHT: normal">At the Closing<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: normal">,</font> Bitzio shall deliver or cause to be delivered </font></font></font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to the Vendor the following:</font></div>
</div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></font></div>
</td>
<td align="left" width="1070">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Stock Purchase Price</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONDITIONS OF CLOSING</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">1 </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">tz</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">'</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Con</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">io</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Bitzio shall not be obliged to complete the purchase and sale of the Shares pursuant to this Agreement unless<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> at or before the Closing Time<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> each of the following conditions has been satisfied<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> it being understood that the following conditions are included for the exclusive benefit of Bitzio and may be waived<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in whole or in part<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in writing by Bitzio at any time; and the Vendor agrees with Bitzio to take all such actions<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> steps and proceedings as are reasonably within its control as may be necessary to ensure that the following conditions are fulfilled at or before the Closing Time:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Re</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">esent</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">tion</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">W</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">rrantie</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;The representations and warranties of the Vendor in </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1 shall be true and correct at the Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">V</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">or</font><font style="FONT-STYLE: italic; DISPLAY: inline">'</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Com</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">li</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">c</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font>.&#160;&#160;The Vendor shall have performed and complied with all of the terms and conditions in this Agreement on its part to be performed or complied with at or before Closing and shall have executed and delivered or caused to have been executed and delivered to Bitzio at the Closing all the documents contemplated in Section 3<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>2 or elsewhere in this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">3</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Du</font><font style="FONT-STYLE: italic; DISPLAY: inline">e&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Dil</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">g</font><font style="FONT-STYLE: italic; DISPLAY: inline">en</font><font style="FONT-STYLE: italic; DISPLAY: inline">c</font><font style="FONT-STYLE: italic; DISPLAY: inline">e&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">In</font><font style="FONT-STYLE: italic; DISPLAY: inline">v</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">g</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font>.&#160;&#160;&#160;&#160;&#160;&#160;Bitzio&#160;&#160;&#160;shall&#160;&#160;&#160;have&#160;&#160;&#160;conducted&#160;&#160;&#160;and&#160;&#160;&#160;completed&#160;&#160;&#160;its investigation of the Vendor<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Business and the Assets<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in its sole discretion<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> shall have been satisfied in all respects with the results of such investigation and<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in its sole discretion<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> shall have determined to proceed with the transactions contemplated by this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">4</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">M</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">teri</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Advers</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Change</font>.&#160;&#160;Prior to Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> there shall have been no Material Adverse <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Change.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">pending or threatened against any of the Parties or against any of their respective</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Affiliates or any of their respective directors or officers<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> for the purpose of enjoining, </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">preventing or restraining the completion of the transactions contemplated by this </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Agreement; or</font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;&#160;&#160; &#160; (b)</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">pending or threatened against any of the Parties or against any of their respective </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Affiliates or any of their respective directors or officers which:</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;in the result<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> could adversely affect the right of Bitzio to acquire or retain the </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares; or</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the judgment of&#160;&#160;Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> would make the completion of&#160;&#160;the transactions contemplated by this Agreement inadvisable<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">6</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Cons</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">nt</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Approvals</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> All the Consents and Approvals have been obtained<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">2&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Condit</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">no</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fulfilled</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>If any condition in Section 4<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1 has not been fulfilled at or before the Closing Time, then Bitzio in its sole discretion may<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> without limiting any rights or remedies available to Bitzio at law or in equity<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> either:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;terminate this Agreement by notice to the Vendor<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in which event Bitzio shall be released from its obligations under this Agreement to complete the purchase of the Shares; or</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;waive compliance with any such condition without prejudice to its right of termination in the event of non&#8208;fulfilment of any other condition<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">3&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Vendo</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">'</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Con</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ions</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Vendor shall not be obliged to complete the transactions contemplated by this Agreement unless<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> at or before the Closing Time<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> each of the following conditions has been satisfied<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> it being understood that the following conditions are included for the exclusive benefit of the Vendor<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and may be waived<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in whole or in part<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in writing by the Vendor at any time; and Bitzio agrees with the Vendor to take all such actions<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> steps and proceedings as are reasonably within Bitzio's control as may be necessary to ensure that the following conditions are fulfilled at or before the Closing Time:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Re</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">esent</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">tion</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d </font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Warranties</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>The&#160;&#160;representations&#160;&#160;and&#160;&#160;warranties&#160;&#160;of&#160;&#160;Bitzio&#160;&#160;in </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>2 shall be true and correct at the Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">B</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">z</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">'</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">C</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">mp</font><font style="FONT-STYLE: italic; DISPLAY: inline">li</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">ce</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Bitzio shall have performed and complied with all of the terms and conditions in this Agreement on its part to be performed or complied with at or before the Closing Time and shall have executed and delivered or caused to have been executed and delivered to the Vendor&#160;&#160;at&#160;&#160;the&#160;&#160;Closing&#160;&#160;Time&#160;&#160;all&#160;&#160;the&#160;&#160;documents contemplated in&#160;&#160;Section 3.3&#160;&#160;or&#160;&#160;elsewhere in&#160;&#160;this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">4&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Condit</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">no</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fu</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">filled</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>If any condition in Section 4<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>3 shall not have been fulfilled at or before the Closing Time<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> then the Vendor in its sole discretion may<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> without limiting any rights or remedies available to the Vendor at law or in equity either:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;terminate this&#160;&#160;Agreement by notice to&#160;&#160;Bitzio in&#160;&#160;which event the Vendor shall be released from all obligations under this Agreement; or</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Author</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">zatio</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">b</font><font style="FONT-STYLE: italic; DISPLAY: inline">y</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">V</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font>.&#160;&#160;The Vendor has the power<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> authority and capacity to enter into this Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out its obligations under this Agreement and such other agreements and instruments.&#160;&#160;&#160;The execution and delivery of this Agreement and such other agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments have been duly authorized by all necessary corporate action on the part of the Vendor.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">5</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline">Or</font><font style="FONT-STYLE: italic; DISPLAY: inline">g</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">zat</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">MP</font><font style="FONT-STYLE: italic; DISPLAY: inline">C</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">H</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">ld</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">ng</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">N</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Su</font><font style="FONT-STYLE: italic; DISPLAY: inline">b</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> The information set out in Schedule </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1(5) concerning the name and jurisdiction of incorporation, the authorized, issued and outstanding shares and the directors and officers of MPC Holdings is correct as of the Closing Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> MPC Holdings is incorporated and validly subsisting under the laws of its jurisdiction of incorporation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> MPC Holdings is licensed or qualified to do business under the laws of the jurisdictions specified in Schedule 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(5) and neither the character nor the location of the properties owned by MPC Holdings nor the nature of the business conducted by it requires licensing or qualification under the laws of any other jurisdiction. 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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">6</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Co</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">or</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">e </font><font style="FONT-STYLE: italic; DISPLAY: inline">R</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">co</font><font style="FONT-STYLE: italic; DISPLAY: inline">rd</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;The minute books of MPC Holdings contains true<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> correct and complete copies of its articles<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> its by&#8208;laws<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the minutes of every meeting of its board of directors and every committee thereof and of its shareholders and every written resolution of its directors and shareholders.&#160;&#160;The share certificate book<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> register of shareholders<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> register of transfers and register of directors and officers of MPC Holdings are complete and accurate in all material respects<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">7</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">B</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">nkrup</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">cy</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> MPC&#160;&#160;Holdings&#160;&#160;is&#160;&#160;not&#160;&#160;an&#160;&#160;insolvent&#160;&#160;person&#160;&#160;within&#160;&#160;the&#160;&#160;meaning&#160;&#160;of&#160;&#160;the applicable bankruptcy laws<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> nor has made an assignment in favour of its creditors nor a proposal in bankruptcy to its creditors or any class thereof nor had any petition for a receiving order presented in respect of it<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> MPC Holdings has not initiated proceedings with respect to a compromise or arrangement with its creditors or for its winding up<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> liquidation or dissolution.&#160;&#160;No receiver has been appointed in respect of MPC Holdings or any of the Assets and no execution or distress has been levied upon any of the Assets.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">8</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">F</font><font style="FONT-STYLE: italic; DISPLAY: inline">in</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">c</font><font style="FONT-STYLE: italic; DISPLAY: inline">ia</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Sta</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">en</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;The Vendor has furnished Bitzio with the annual unaudited consolidated financial statements of MPC Holdings as at March 31<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> 2012 (the <font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fi</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ancia</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Statements</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font>), true and complete copies of which are annexed as Schedule 5.1(8).&#160;&#160;&#160;The Financial Statements have been prepared in accordance with GAAP.&#160;&#160;The balance sheets contained in such Financial Statements fairly present the financial position of MPC Holdings as of their respective dates and the statements of earnings and retained earnings contained in the Financial Statements fairly present the results of operations for the periods indicated.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">9</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">T</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">tl</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Ass</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">ts</font>.&#160;&#160;MPC Holdings has good and marketable title to all the Assets<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> free and clear of any and all Liens<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> The Assets are sufficient to permit the continued operation of the Business in substantially the same manner as conducted in the year ended on the date of this Agreement. Schedule </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1(9) sets out a complete and accurate list of the Assets.&#160;&#160;There is no agreement, option or other right or privilege outstanding in favour of any Person for the purchase from MPC Holdings of the Business or of any of the Assets out of the ordinary course of business.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Persona</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Prop</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">rt</font><font style="FONT-STYLE: italic; DISPLAY: inline">y</font>.&#160;&#160;&#160;Schedule 5.1(10) lists each item of Personal Property owned by MPC Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> All Personal Property is in good operating condition and repair<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> ordinary wear and tear excepted<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">L</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">as</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Pr</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">ses</font>.&#160;&#160;&#160;Schedule 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(11) lists each premises leased by the Corporation and copies of the leases<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> All leases for premises are fully paid up to date and in good standing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Persona</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Prop</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">rt</font><font style="FONT-STYLE: italic; DISPLAY: inline">y </font><font style="FONT-STYLE: italic; DISPLAY: inline">Le</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Schedule 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(12) lists all personal property leased by the Corporation and copies of the leases.&#160;&#160;All leases for personal property are fully paid up to date and in good standing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">3</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">M</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">teri</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">C</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">nt</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">acts</font>.&#160;&#160;Schedule 5.1(13) lists all the Material Contracts.&#160;&#160;MPC Holdings is not in default under any Material Contract and there has not occurred any event which<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> with the lapse of time or giving of notice or both<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> would constitute a default under any Material Contract by MPC Holdings or any other party to the Material Contract.&#160;&#160;Each Material Contract is in full force and effect, unamended by&#160;&#160;written or&#160;&#160;oral&#160;&#160;agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and&#160;&#160;MPC&#160;&#160;Holdings is&#160;&#160;entitled to&#160;&#160;the&#160;&#160;full&#160;&#160;benefit&#160;&#160;and <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">advantage of each Material Contract in accordance with its terms.&#160;&#160;MPC Holdings has not received any notice of a default by MPC Holdings or a dispute between MPC Holdings and any other party in respect of any Material Contract.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">4</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">R</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">ce</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">vables</font>.&#160;&#160;The Receivables are valid obligations which arose in the ordinary course of business and will be collected in the ordinary course of business<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in the aggregate, at their full face value<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> None of the Receivables is due from an Affiliate of MPC Holdings.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">5</font><font style="FONT-STYLE: italic; DISPLAY: inline">)</font>&#160;&#160;&#160;&#160;&#160; <font style="FONT-STYLE: italic; DISPLAY: inline">I</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">te</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">ct</font><font style="FONT-STYLE: italic; DISPLAY: inline">u</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">P</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">rt</font><font style="FONT-STYLE: italic; DISPLAY: inline">y</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (a)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Schedule 5.1(15) lists all of the registrations and applications for registration of the Intellectual Property.&#160;&#160;All of the registrations and applications for registration of the Intellectual Property are valid and subsisting in good standing and are recorded in the name of MPC Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> No application for registration of any Intellectual Property has been rejected.</font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (b)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPC Holdings is the first and only owner of the Intellectual Property and is entitled to the exclusive and uninterrupted use of the Intellectual Property without payment of any royalty or other fees.&#160;&#160;No Person has any right<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> title or interest in any of the Intellectual Property and all such persons have waived their moral rights in any copyright works within the Intellectual Property.&#160;&#160;&#160;MPC Holdings has diligently protected its legal rights to the exclusive use of the Intellectual Property.</font></div>
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<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;&#160; &#160;&#160;&#160; (c)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Employees have agreed to maintain the confidentiality of confidential Intellectual</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Property<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (d)</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPC Holdings has not permitted or licensed any Person to use any of the Intellectual</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Property except as disclosed in Schedule 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(15A)<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Each licence referred to in Schedule </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(15A) is in full force and effect and neither MPC Holdings nor the licensor is in default of its obligations thereunder.</font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (e)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No Person has challenged the validity of any registrations for the Intellectual Property or MPC Holdings's rights to any of the Intellectual Property<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (f)</font></div>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Neither&#160;&#160;the&#160;&#160;use&#160;&#160;of&#160;&#160;the&#160;&#160;Intellectual Property nor&#160;&#160;the&#160;&#160;conduct&#160;&#160;of&#160;&#160;the&#160;&#160;Business has infringed or currently infringes upon the intellectual property rights of any other Person<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160; (g)</font></font></div>
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<td align="left" width="1070">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No other Person has infringed MPC Holdings's rights to the Intellectual Property</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td style="TEXT-ALIGN: center; WIDTH: 86px">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; &#160;&#160;&#160;&#160;&#160; (h)</font></div>
</td>
<td align="left" width="1070">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There is no governmental prohibition or restriction on the use of the Intellectual</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Property<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">6</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Licence</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Pe</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;Schedule 5.1(16) lists all the Licences and Permits and identifies the ones that by their terms are not transferable.&#160;&#160;MPC Holdings holds the Licences and Permits free and clear of any and all Liens.&#160;&#160;All the Licences and Permits are in full force and effect, MPC Holdings is not in violation of any term or provision or requirement of any such Licences and Permits<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and no Person has threatened to revoke<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> amend or impose any condition in respect of<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or commenced proceedings to revoke<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> amend or impose conditions in respect of<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> any Licence or Permit.</font></div>

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<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
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<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">7</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Un</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">isclose</font><font style="FONT-STYLE: italic; DISPLAY: inline">d </font><font style="FONT-STYLE: italic; DISPLAY: inline">Liabil</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;&#160;MPC Holdings does not have any liabilities<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> obligations, indebtedness or commitments<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> whether accrued<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> absolute<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> contingent or otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> which are not disclosed in the Financial Statements or referred to or disclosed herein.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">8</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Cons</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">nt</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Ap</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">ovals</font>.&#160;&#160;All the Consents and Approvals are listed in Schedule 5.1(18). Except for the Consents and Approvals, no consent or approval of any Person is required in connection with the execution and delivery of this Agreement and the completion of the transactions contemplated by this Agreement or to permit MPC Holdings to carry on the Business after the Closing as the Business is currently carried on by MPC Holdings.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(1</font><font style="FONT-STYLE: italic; DISPLAY: inline">9</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Abs</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">nc</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Co</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">c</font><font style="FONT-STYLE: italic; DISPLAY: inline">ti</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">g</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">A</font><font style="FONT-STYLE: italic; DISPLAY: inline">gr</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;&#160;The execution<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> delivery and performance of this Agreement by the Vendor and the completion (with any required Consents and Approvals) of the transactions contemplated by this Agreement do not and will not result in or constitute any of the following:</font></div>

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<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a default, breach or violation or an event that, with notice or lapse of time or both, would be a default, breach or violation of any of the terms, conditions or provisions of the articles or by&#8208;laws of the Vendor or MPC Holdings;</font></div>
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<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">an event which, pursuant to the terms of any Contract or Licence or Permit, causes any right or interest of MPC Holdings to come to an end or be amended in any way that is detrimental to the Business or entitles any other Person to terminate or amend any such right or interest;</font></div>
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<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)</font></div>
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<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the violation of any Applicable Law the Vendor or MPC Holdings.</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Liti</font><font style="FONT-STYLE: italic; DISPLAY: inline">g</font><font style="FONT-STYLE: italic; DISPLAY: inline">ati</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font>.&#160;&#160;&#160;There is no action<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> suit<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> proceeding<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> application<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> complaint or investigation in any court or before any arbitrator or before or by any regulatory body or governmental or non&#8208;governmental body pending or threatened by or against MPC Holdings Related to the Business or affecting the Business or the operations<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Assets<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or capital of MPC Holdings or the transactions contemplated by this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and there is no factual or legal basis which could give rise to any such action<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> suit<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> proceeding<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> application<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> complaint or investigation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Em</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">oymen</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Co</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">ac</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;There are no Employment Contracts or similar obligations in effect with MPC Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Em</font><font style="FONT-STYLE: italic; DISPLAY: inline">p</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">oye</font><font style="FONT-STYLE: italic; DISPLAY: inline">e </font><font style="FONT-STYLE: italic; DISPLAY: inline">Plans</font>.&#160;&#160;&#160;There are no:&#160;&#160;&#160;employee benefit<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> health<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> welfare<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> supplemental unemployment benefit<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> bonus<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> pension<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> profit sharing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> deferred compensation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> stock compensation, stock purchase<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> retirement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> hospitalization insurance<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> medical<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> dental<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> legal<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> disability and similar plans or arrangements or practices relating to the Employees or former Employees which are currently maintained or were maintained at any time in the last five calendar years<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">3</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">B</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">u</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;&#160;MPC Holdings has not paid any bonus<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> fee<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> distribution<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> remuneration or other compensation to any Person (other than salaries<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> wages or bonuses paid or payable to Employees in the ordinary course of business in accordance with current compensation levels and practices as set out in Schedules 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(29) and 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1(31)).</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">4</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Cust</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font>.&#160;&#160;Schedule 5.1(24) lists the customers of MPC Holdings for the 12 month period ending immediately before the date of this Agreement, and the aggregate amount which each customer was invoiced during such period.&#160;&#160;The Vendor is not aware of<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> nor has it received notice of, any intention on the part of any such customer to cease doing business with MPC Holdings or to modify or change in any material manner any existing arrangement with MPC Holdings for the purchase of any products or services.&#160;&#160;&#160;The relationships of MPC Holdings with its customers are satisfactory<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and there are no unresolved disputes with any such customer<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">5</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Produc</font><font style="FONT-STYLE: italic; DISPLAY: inline">t </font><font style="FONT-STYLE: italic; DISPLAY: inline">W</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">rrantie</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;There are no claims against MPC Holdings on account of product warranties or with respect to the production or sale of defective or inferior products<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">6</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Affil</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">ate</font><font style="FONT-STYLE: italic; DISPLAY: inline">d </font><font style="FONT-STYLE: italic; DISPLAY: inline">Tra</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">sac</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">io</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;&#160;MPC Holdings is not liable in respect of advances, loans, guarantees to or on behalf of any shareholder<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> officer<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> director<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Employee or Affiliate of MPC Holdings or any other Person with whom MPC Holdings does not deal at arm's length.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">7</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">T</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">x</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">F</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">ng</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font>.&#160;&#160;&#160;MPC Holdings has prepared and filed on time with all appropriate governmental bodies all tax returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> declarations<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> remittances<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> information returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> reports and other documents of every nature required to be filed by or on behalf of MPC Holdings in respect of any Taxes or in respect of any other provision in any domestic or foreign federal<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> provincial<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> municipal<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> state, territorial or other taxing statute for all fiscal periods ending prior to the date hereof and will continue to do so in respect of any fiscal period ending on or before the Closing Date.&#160;&#160;&#160;All such returns, declarations<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> remittances<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> information returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> reports and other documents are correct and complete in all material respects<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and no material fact has been omitted therefrom.&#160;&#160;&#160;No extension of time in which to file any such returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> declarations, remittances<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> information returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> reports or other documents is in effect<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> All Taxes shown on all such returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or on any assessments or reassessments in respect of any such returns have been paid in full.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">8</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">T</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">xe</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">P</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">id</font>.&#160;&#160;MPC Holdings has paid in full all Taxes required to be paid on or prior to the date hereof and has made adequate provision in the Financial Statements in accordance with generally accepted accounting principles for the payment of all Taxes in respect of all fiscal periods ending on or before the Closing Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(2</font><font style="FONT-STYLE: italic; DISPLAY: inline">9</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">R</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">a</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">m</font><font style="FONT-STYLE: italic; DISPLAY: inline">en</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Ta</font><font style="FONT-STYLE: italic; DISPLAY: inline">x</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> There are no reassessments of MPC Holdings's Taxes that have been issued and are outstanding and there are no outstanding issues which have been raised and communicated to MPC Holdings by any governmental body for any taxation year in respect of which a Tax return of MPC Holdings has been audited.&#160;&#160;&#160;No governmental body has challenged<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> disputed or questioned MPC Holdings in respect of Taxes or of any returns<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> filings or other reports filed under any statute providing for Taxes.&#160;&#160;MPC Holdings is not negotiating any draft assessment or reassessment with any governmental body.&#160;&#160;The Vendor is not aware of any contingent liabilities for Taxes or any grounds for an assessment or reassessment of MPC Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> including<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> without limitation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> unreported benefits conferred on any shareholder of MPC Holdings<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> aggressive treatment of income<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> expenses, credits or other claims for deduction under any return or notice other than as disclosed in the Financial Statements<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Neither MPC Holdings nor the Vendor has received any indication from any governmental body that an assessment or reassessment of MPC Holdings is proposed in respect of any Taxes, regardless of its merits.&#160;&#160;&#160;MPC Holdings has not executed or filed with any governmental body any agreement or waiver extending the period for assessment<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> reassessment or collection of any Taxes<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> All taxation years up to and including the taxation year ended December 31<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> 2011 are considered closed by federal and state governmental bodies for the purposes of all Taxes.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">amended its articles;</font></div>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
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<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">disposed of any of the Assets or Real Property reflected on the balance sheet forming part of the Financial Statements, except sales of Assets or Real Property in the normal course of business;</font></div>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(f)&#160;</font></div>
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<td valign="top" width="92%" style="TEXT-ALIGN: justify">
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g)&#160;</font></div>
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<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">suffered any extraordinary loss or cancelled or waived any debt, claim or other right; (h)&#160;incurred or assumed any liabilities, obligations or indebtedness (whether accrued, absolute, contingent or otherwise), except unsecured current liabilities, obligations and indebtedness incurred in the normal course of business;</font></div>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;</font></div>
</td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(j)&#160;</font></div>
</td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="4%" style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(k)&#160;</font></div>
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<td valign="top" width="92%" style="TEXT-ALIGN: justify">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">entered into any Material Contract or any other transaction that was not in the normal course of business; or</font></div>
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<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(l)&#160;</font></div>
</td>
<td align="left" valign="top" width="92%">
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<div>&#160;</div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(3</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Br</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">k</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">ag</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">F</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">e</font><font style="FONT-STYLE: italic; DISPLAY: inline">s</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Neither the Vendor nor MPC Holdings has entered into any agreement which would entitle any Person to any valid claim against either MPC Holdings or Bitzio for a broker's commission<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> finder's fee or any like payment in respect of the purchase and sale of the Shares or any other matters contemplated by this Agreement.</font></div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 2.95pt" align="justify">&#160;</div>

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<div id="HDR">
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">5.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">2&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Rep</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">esentation</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">an</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">War</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ntie</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">B</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">tz</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Bitzio represents and warrants to the </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Vendor as follows:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">1</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Inco</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">po</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">atio</font><font style="FONT-STYLE: italic; DISPLAY: inline">n</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">an</font><font style="FONT-STYLE: italic; DISPLAY: inline">d</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">P</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">w</font><font style="FONT-STYLE: italic; DISPLAY: inline">er</font>.&#160;&#160;Bitzio is a corporation duly incorporated under the laws of the jurisdiction of its incorporation and is duly organized, validly subsisting and in good standing under such laws<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">2</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">Du</font><font style="FONT-STYLE: italic; DISPLAY: inline">e </font><font style="FONT-STYLE: italic; DISPLAY: inline">Author</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">zation</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Bitzio has all necessary corporate power<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> authority and capacity to enter into this Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out its obligations under this Agreement and such other agreements and instruments.&#160;&#160;&#160;The execution and delivery of this Agreement and such other agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments have been duly authorized by all necessary corporate action on the part of Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">(</font><font style="FONT-STYLE: italic; DISPLAY: inline">3</font><font style="FONT-STYLE: italic; DISPLAY: inline">)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">En</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">r</font><font style="FONT-STYLE: italic; DISPLAY: inline">c</font><font style="FONT-STYLE: italic; DISPLAY: inline">ea</font><font style="FONT-STYLE: italic; DISPLAY: inline">b</font><font style="FONT-STYLE: italic; DISPLAY: inline">i</font><font style="FONT-STYLE: italic; DISPLAY: inline">l</font><font style="FONT-STYLE: italic; DISPLAY: inline">it</font><font style="FONT-STYLE: italic; DISPLAY: inline">y</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">o</font><font style="FONT-STYLE: italic; DISPLAY: inline">f</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline">O</font><font style="FONT-STYLE: italic; DISPLAY: inline">b</font><font style="FONT-STYLE: italic; DISPLAY: inline">li</font><font style="FONT-STYLE: italic; DISPLAY: inline">ga</font><font style="FONT-STYLE: italic; DISPLAY: inline">t</font><font style="FONT-STYLE: italic; DISPLAY: inline">io</font><font style="FONT-STYLE: italic; DISPLAY: inline">ns</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> This Agreement constitutes a valid and binding obligation of Bitzio enforceable against Bitzio in accordance with its terms subject<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> however<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> to limitations on enforcement imposed by bankruptcy<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> insolvency<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> reorganization or other laws affecting creditors' rights generally and to the extent that equitable remedies such as specific performance and injunctions are only available in the discretion of the court from which they are sought.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.3 &#160;Survival of Representations and Warranties.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The representations and warranties of Bitzio contained in Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>2 or any other agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> certificate or instrument delivered pursuant to this Agreement shall survive the Closing for a period of three years from the Closing Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and notwithstanding the Closing<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> shall continue in full force and effect for the benefit of the Vendor<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> after which time Bitzio shall be released from all </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">obligations in respect of such representations and warranties except with respect to any Claims asserted by the Vendor in writing (setting out in reasonable detail the nature of the Claim and the appropriate amount thereof) before the expiration of such period<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> but there shall be no time limit on the representations and warranties of Bitzio set out in Section 5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>2 which relate to the incorporation of Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the due authorization of this Agreement by Bitzio and the enforceability of Bitzio's obligations under this Agreement.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INDEMNIFICATION</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">1 </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Ind</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">m</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">it</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">b</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">th</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Vendor</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The Vendor shall indemnify and hold Bitzio<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> its directors, officers<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> employees, agents<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> representatives and Bitzio's Affiliates and their respective directors, officers<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> employees<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> agents<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> representatives harmless in respect of any claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> demand<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> action<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> cause of action<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> damage<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> loss<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> cost<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> liability or expense (hereinafter referred to as a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">m</font>") which may be made or brought against an Indemnified Party or which it may suffer or incur directly or indirectly as a result of<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in respect of or arising out of:</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any breach of or any non&#8208;fulfilment of any covenant or agreement on the part of the Vendor under this Agreement or under any other agreement<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> certificate or instrument executed and delivered pursuant to this Agreement.</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any incorrectness in or breach of any representation or warranty of Bitzio contained in this Agreement or under any other agreement<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> certificate or instrument executed and delivered pursuant to this Agreement; or</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any breach or non&#8208;fulfilment of any covenant or agreement on the part of Bitzio under this Agreement or under any other agreement<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> certificate or instrument executed and delivered pursuant to this Agreement.</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.3 <font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Notic</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">aim</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>If an Indemnified Party becomes aware of a Claim in respect of which <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">indemnification is provided for pursuant to either of Section 6.2 or&#160;&#160;6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> as the case may be<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indemnified Party shall promptly give written notice of the Claim to the Indemnifying Party.&#160;&#160;&#160;Such notice shall specify whether the Claim arises as a result of a claim by a Person against the Indemnified Party (a <font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">T</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">hir</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pa</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">m</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font>) or whether the Claim does not so arise (a <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Direc</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">im</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">"</font>), and shall also specify with reasonable particularity (to the extent that the information is available):</font></font></div>

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<td width="4%">(a)&#160;&#160;</td>
<td width="92%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;the factual basis for the Claim; and</font></td>
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<td width="4%">(b)&#160;</td>
<td width="92%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;the amount of the Claim<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> if known<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></td>
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<div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> through the fault of the Indemnified Party<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Indemnifying Party does not receive notice of any Claim in time effectively to contest the determination of any liability susceptible of being contested, then the Liability of the Indemnifying Party to the Indemnified Party under this Article shall be reduced by the amount of any losses incurred by the Indemnifying Party resulting from the Indemnified Party's failure to give such notice on a timely basis.</font></div>

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<div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">4&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">D</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">re</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ims</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>In the case of a Direct Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Indemnifying Party shall have 6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> days from receipt of notice of the Claim within which to make such investigation of the Claim as the Indemnifying Party considers necessary or desirable.&#160;&#160;&#160;For the purpose of such investigation, the Indemnified Party shall make available to the Indemnifying Party the information relied upon by the Indemnified Party to substantiate the Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> together with all such other information as the Indemnifying Party may reasonably request.&#160;&#160;If both parties agree at or before the expiration of such </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> day period (or any mutually agreed upon extension thereof) to the validity and amount of such Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Indemnifying Party shall immediately pay to the Indemnified Party the full agreed upon amount of the Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> failing which the matter shall be referred to binding arbitration in such manner as the parties may agree or shall be determined by a court of competent jurisdiction<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">5&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">T</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">h</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ir</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">P</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">la</font><font style="DISPLAY: inline; 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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">6 </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Set</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">le</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">me</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">T</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">h</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ir</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Part</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">y</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Cl</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">m</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>If the Indemnifying Party fails to assume control of the defence of any Third Party Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Indemnified Party shall have the exclusive right to contest, settle or pay the amount claimed.&#160;&#160;&#160;Whether or not the Indemnifying Party assumes control of the negotiation<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> settlement or defence of any Third Party Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> the Indemnifying Party shall not settle any Third Party Claim without the written consent of the Indemnified Party<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> which consent shall not be unreasonably withheld or delayed; provided<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> however<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> that the liability of the Indemnifying Party shall be limited to the proposed settlement amount if any such consent is not obtained for any reason within a reasonable time after the request therefor.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">7&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">tere</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">l</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">aims</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>The&#160;&#160;amount&#160;&#160;of&#160;&#160;any&#160;&#160;Claim&#160;&#160;submitted&#160;&#160;under&#160;&#160;Section 7<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1&#160;&#160;or Section 7<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> and the amount of such interest shall be deemed to be part of such Claim<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">8</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Set</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#173;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ff</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Bitzio shall be entitled to set&#8208;off the amount of any Claim submitted under Section 6<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1 as damages or by way of indemnification against any other amounts payable by Bitzio to the Vendor whether under this Agreement or otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify"><font style="FONT-WEIGHT: bold">7.1 </font><font style="FONT-WEIGHT: bold">Expenses</font>.&#160;&#160;&#160;Each Party shall be responsible for&#160;&#160;its&#160;&#160;own legal and other&#160;&#160;expenses (including any Taxes imposed on such expenses) incurred in connection with the negotiation, preparation, execution, delivery and performance of this Agreement and the transactions contemplated by this Agreement and for the payment of any broker's commission, finder's fee or like payment payable by it in respect of the purchase and sale of the Assets pursuant to this Agreement.</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.2&#160; Notices.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)&#160; Any notice<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> certificate<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> consent<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> determination or other communication required or permitted to be given or made under this Agreement shall be in writing and shall be effectively given and made if (i) delivered personally<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> (ii) sent by prepaid courier service or mail<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or (iii) sent prepaid by fax or other similar means of electronic communication<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> in each case to the applicable address set out below:</font></div>

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<td width="4%">(i)</td>
<td width="92%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">if&#160;to&#160;the&#160;Vendor<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font>&#160;to:</font></td>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)</font></div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">if to Bitzio<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> to: </font></font>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">548 Market Street</font></font></font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Francisco<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> California 94104</font></font></font></div>
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<div style="TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(2)&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Any such communication so given or made shall be deemed to have been given or </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">made and to have been received on the day of delivery if delivered<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> or on the day of faxing or sending </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by other means of recorded electronic communication<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> provided that such day in either event is a Business Day and the communication is so delivered<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> faxed or sent before 4:3<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">0</font> p.m<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> on such day. Otherwise<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> such communication shall be deemed to have been given and made and to have been received on the next following Business Day<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font> Any such communication sent by mail shall be deemed to have been given and made and to have been received on the fifth Business Day following the mailing thereof; provided however that no such communication shall be mailed during any actual or apprehended disruption of postal services.&#160;&#160;&#160;Any such communication given or made in any other manner shall be deemed to have been given or made and to have been received only upon actual receipt.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)&#160; Any Party may from time to time change its address under this Section by notice to the other Party given in the manner provided by this Section.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">7.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">3&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">T</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">m</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">o</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">f</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Essence</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Time shall be of the essence of this Agreement in all respects.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">7.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">4&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">E</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ir</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">e </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Agreement</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>This&#160;&#160;Agreement&#160;&#160;(together&#160;&#160;with&#160;&#160;the&#160;&#160;schedules&#160;&#160;and&#160;&#160;exhibits, constitutes the entire agreement between the Parties pertaining to the subject matter of this Agreement and supersedes all prior agreements<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> understandings, negotiations and discussions, whether oral or written.&#160;&#160;There are no conditions<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> warranties<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> representations or other agreements between the Parties in connection with the subject matter of this Agreement (whether oral or written, express or implied<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> statutory or otherwise) except as specifically set out in this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">7.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">5&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Waiver</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>A waiver of any default<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> breach or non&#8208;compliance under this Agreement is not effective unless in writing and signed by the party to be bound by the waiver.&#160;&#160;No waiver shall be inferred from or implied by any failure to act or delay in acting by a party in respect of any default, breach or non&#8208;observance or by anything done or omitted to be done by the other party.&#160;&#160;The waiver by a party of any default<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> breach or non&#8208;compliance under this Agreement shall not operate as a waiver of that party's rights under this Agreement in respect of any continuing or subsequent default, breach or non&#8208;observance (whether of the same or any other nature). </font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">7.6</font><font style="FONT-WEIGHT: bold">Severability.</font>&#160; Any provision of this Agreement which is prohibited or unforceable in any jurisdiction shall<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> as to that jurisdiction<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> be ineffective to the extent of such prohibition or unenforceability and shall be severed from the balance of this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> all without affecting the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">7.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">7&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">No</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#173;Mer</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">er</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Each party hereby agrees that all provisions of this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> other than (a) the conditions in Article 4 and (b) the representations and warranties contained in Article 6 and the related indemnities in Sections 7<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">.</font>1 and 7.2 hereof (which shall be subject to the special arrangements provided in such Articles or Sections) shall forever survive the execution<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> delivery and performance of this Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Closing and the execution<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> delivery and performance of any and all documents delivered in connection with this Agreement.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">7.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">8&#160; </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fu</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">t</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">he</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">r</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">A</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ssura</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">c</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">es</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Each Party shall promptly do<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> execute<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> deliver or cause to be done<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> executed and delivered all further acts<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> documents and things in connection with this Agreement that the other Party may reasonably require for the purposes of giving effect to this Agreement.</font></div>

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<div style="TEXT-ALIGN: center">24</div>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>bitzio_ex102.htm
<DESCRIPTION>CONSULTING AGREEMENT
<TEXT>
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<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-WEIGHT: bold">EXHIBIT 10.2</font></div>

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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSULTING AGREEMENT BETWEEN </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">LATIN AMERICA FUTBOL CORP.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MOTION PIXEL CORPORATION HOLDINGS, INC.</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BITZIO STUDIOS, INC. MAY 23, 2012</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">CONSULT</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">NG</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">AGREEMENT</font></font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">THIS CONSULTING AGREEMENT (the "Agreement") is effective as of May 23, 2012 (the </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Effective Date&#8221;).</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LATIN A</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">M</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ERICA FUTBOL CORP.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>a corporation incorporated under the laws of the State of Florida with an principal place of business at [insert address] (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Consultant</font>&#8221;)</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8208; and &#8208;</font></div>

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<div style="TEXT-INDENT: 72pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MOTION </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">PIXEL&#160;&#160;CORPORAT</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">ON </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">HOLDINGS, </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">INC. </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>a&#160;&#160;corporation incorporated under the laws of Costa Rica, with a principal place of business at [insert address]&#160;&#160;(the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Corporation</font>&#8221;)</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8208; and &#8208;</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">BITZI</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">O</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">STUDIOS</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">N</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">C</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold">.</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> a Nevada Corporation with an office at&#160;&#160;548 Market </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Street<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> Suite 18224<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">,</font> San Francisco, California 94104 (&#8220;Bitzio Studios&#8221;)</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">WHEREAS Bitzio is a wholly owned subsidiary of Bitzio, Inc. (&#8220;Bitzio&#8221;) which is a publicly traded company;</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND&#160;&#160;WHEREAS&#160;&#160;Bitzio&#160;&#160;Studios&#160;&#160;has&#160;&#160;acquired&#160;&#160;all&#160;&#160;of&#160;&#160;the&#160;&#160;outstanding&#160;&#160;equity of&#160;&#160;the </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Corporation;</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND WHEREAS Bitzio Studios has entered into an agreement whereby MPC will produce animation products which will be owned by Bitzio Studios;</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND WHEREAS MPC desires to retain the Consultant to provide services in furtherance of its production and development work and overall operational strategy;</font></div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND WHEREAS Bitzio Studios desires to retain the Consultant to provide services related to the sales, marketing and licensing of its products;</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt">THIS AGREEMENT WITNESSES that in consideration of the covenants and agreements contained herein and other good and valuable consideration, the sufficiency of which&#160;&#160;is&#160;&#160;hereby&#160;&#160;acknowledged, the&#160;&#160;Corporation and Bitzio&#160;&#160;Studios&#160;&#160;and the&#160;&#160;Consultant agree as follows:</div>

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<td width="4%"><font style="FONT-WEIGHT: bold">1.1</font></td>
<td colspan="2" valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Consulting</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Services</font></font></td>
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<td width="4%">&#160;</td>
<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%">&#160;</td>
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<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-WEIGHT: bold">1.2</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">2.2</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Other.</font></font></font></td>
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<td valign="top" width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">For greater certainty, the cash consideration for the expense funding, as set out in section 2.1 above, being paid by Consultant, shall be paid, at Consultants option, from either (i) the revenue earned and paid to Consultant under sections 2.3(a)(i) and 2.3(a)(i); and or (ii) direct contribution by Consultant to the Business.</div>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)</font></font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The cash consideration being contributed to the Business hereunder shall be reconciled with Bitzio on a quarterly basis (and may be subject to audit) following the Closing Date.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%">&#160;</td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)</font></font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The parties acknowledge that the Bitzio Stock issued or issuable pursuant to this Agreement, will be deemed &#8220;restricted securities&#8221; as defined by Rule 144 of the Securities Act of 1933, as amended and any share certificates will bear appropriate legends.</font></font></td>
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<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">3</font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">2.3</font></font></td>
<td colspan="3" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Consultant</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Incentives.</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></font></td>
<td colspan="2" width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">During&#160;&#160;&#160;the&#160;&#160;&#160;12&#160;&#160;&#160;month&#160;&#160;&#160;period&#160;&#160;&#160;commencing&#160;&#160;&#160;on&#160;&#160;&#160;the&#160;&#160;&#160;Effective&#160;&#160;&#160;Date,&#160;&#160;&#160;the Consultant will receive and Bitzio Studios shall pay the following consideration based on the revenue generated by the Business:</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the&#160;&#160;first&#160;&#160;one&#160;&#160;million&#160;&#160;dollars&#160;&#160;($1,000,000)&#160;&#160;of&#160;&#160;gross&#160;&#160;revenue earned by the Business (after payment of third party royalties) (the &#8220;Revenue&#8221;) will remain in the Business, with the Consultant permitted to pay fifty percent (50%) of this amount to themselves or as they otherwise direct;</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">after the first one million dollars ($1,000,000) of Revenue, all Revenues will be split with fifty percent (50%) of the Revenue from the Business being paid to Bitzio and the balance being split with twenty&#8208;five percent (25%) remaining in the Business and twenty&#8208;five percent&#160;&#160;(25%)&#160;&#160;being&#160;&#160;paid&#160;&#160;to&#160;&#160;the&#160;&#160;Consultant&#160;&#160;or&#160;&#160;as&#160;&#160;they&#160;&#160;otherwise direct;</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)</font></td>
<td width="88%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the amounts to be paid by the Business and/or the issuance of Bitzio Stock will be calculated and paid on a quarterly basis commencing on the Closing Date.</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bitzio&#160;&#160;Studios&#160;&#160;will&#160;&#160;cause&#160;&#160;Bitzio&#160;&#160;to&#160;&#160;issue&#160;&#160;an&#160;&#160;additional&#160;&#160;one million (1,000,000) shares of Bitzio Stock on the Effective Date as an advance&#160;&#160;against the signing of a definitive license deal with any one (I) the <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">[*****]</font>, (II) <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">[*****]</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> or (III) <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">[*****]</font> (the &#8220;Licensed Teams&#8221;); and</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bitzio&#160;&#160;Studios&#160;&#160;will&#160;&#160;cause&#160;&#160;Bitzio&#160;&#160;to&#160;&#160;issue&#160;&#160;an&#160;&#160;additional&#160;&#160;one million (1,000,000) shares of Bitzio Stock upon each signing of a definitive license deal with each of two remaining Licensed Teams provided such signing(s) occurs within 6 months following the Effective Date.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">2.4&#160;</font></font></td>
<td colspan="3" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Operating</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Capital</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">for</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">the</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Business.</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Within fifteen (15) days following the Effective Date, Bitzio shall contribute </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$50,000 to the Business for use in the on&#8208;going operations of the Business.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bitzio shall contribute five (5) additional payments of $10,000 each to the Business for use in the on&#8208;going operations of the Business, the first payment to be made thirty (30) days following the Closing Date and then every thirty (30) days thereafter.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman"><font style="FONT-WEIGHT: bold">2.5</font></font></font></font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Stock</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Options</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">2.6</font></font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Reimburs<font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">e</font></font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">d</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Expenses</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">2.7</font></font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All of the personnel engaged directly by the Consultant that shall render the </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Services to the Corporation and Bitzio Studios during the duration of the </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Agreement, shall be deemed personnel belonging to the Consultant, with Consultant liable for all taxes, social security and any other payments derived from the labor relationship between Consultant and its personnel.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ARTICLE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">THREE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">-</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">COVENA</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">N</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">TS</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">OF</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">CONSULTANT</font></font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">3.1&#160;</font></font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Services</font></font></font></td>
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<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Consultant shall perform its services under this Agreement to the best of its ability, and in a competent and professional manner.</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Consultant shall devote such time and attention to the business of the Corporation and Bitzio Studios as may be necessary to carry out the services described in section 1.1 above.</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.2</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">3.3</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ARTICLE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">FOUR</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#8211;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">STATUS</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">OF</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">THE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">CONSU</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">L</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">TANT/INDEMNIFICATION</font></font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">4.3</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">4.5</font></font></td>
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<div>The Consultant assumes all risks inherent in the performance of the services and the obligations hereunder, and his status as an independent contractor, and will indemnify and hold harmless the Corporation and Bitzio Studios, its past, present and future officers, directors, employees, and agents from any and all claims, losses or damages whatsoever arising from the performance of the services and the obligations hereunder, the pursuit of any claim or litigation notwithstanding Section 4.4, the breach of any warranty or representation herein by the Consultant, or the payment of any service fee hereunder, including but not limited to any income tax, Canada Pension Plan premiums or employment insurance premiums, penalties, interest and legal costs payable by the Corporation and Bitzio Studios&#160;&#160;&#160;associated with this agreement or the Consultant&#8217;s status as an independent contractor.&#160;&#160;The Corporation and Bitzio Studios may set off the entire amount of any such claims or losses&#160;&#160;against&#160;&#160;any&#160;&#160;monies&#160;&#160;owing&#160;&#160;by&#160;&#160;the&#160;&#160;Corporation&#160;&#160;and&#160;&#160;Bitzio&#160;&#160;Studios&#160;&#160;to&#160;&#160;the Consultant.</div>
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<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Employee&#8217;s</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">of</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Consultant</font></font></font></td>
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<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The employees of the Consultant are not employees of the Corporation and Bitzio Studios and shall not be entitled to receive from the Corporation and Bitzio Studios any benefits whatsoever.&#160;&#160;The Corporation and Bitzio Studios shall not be required to make contributions for employment insurance, workplace safety insurance and other similar levies in respect of the fee for services to be paid to the Consultant pursuant to Section 2.1.&#160;&#160;The Consultant shall be required to make contributions for employment insurance, workplace safety insurance and other similar levies in respect of the fee for services to be paid to the Consultant pursuant to Section 2<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font>1.</font></font></td>
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<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">5</font><font style="FONT-WEIGHT: bold">.2&#160;</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">No</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Author</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ty</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">to</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Bind</font></font></td>
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<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Consultant shall not, without the prior written consent of the Corporation and </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">itzio Studios, enter into any contract or commitment in the name of or on behalf of </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">he Corporation and Bitzio Studios or bind the Corporation and Bitzio Studios in any respect whatsoever.</font></font></td>
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<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Corporation and Bitzio Studios may terminate this Agreement at any time, effective immediately upon notice to Consultant, if:</font></font></td>
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<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Consultant breaches any of its obligations under this Agreement and fails to cure such breach within thirty (3<font style="DISPLAY: inline; FONT-FAMILY: times new roman">0</font>) days after Corporation and Bitzio Studios demands its cure;</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)</font></font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">6.2</font></font></td>
<td colspan="2" valign="top" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Consequences</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">of</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Termination.</font></font></font></td>
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<td colspan="2" valign="top" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></td>
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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">deliver&#160;&#160;all&#160;&#160;Confidential&#160;&#160;Information&#160;&#160;in&#160;&#160;its&#160;&#160;possession&#160;&#160;to&#160;&#160;Corporation&#160;&#160;and Bitzio Studios or its designee (including any summaries of orally disclosed information and all copies thereof in its possession or control and/or in the possession or control of its Employees and Affiliates), or will certify through an officer of the Recipient that all Confidential Information received from Corporation and Bitzio Studios (including any summaries of orally disclosed information and all copies thereof in its possession or control) has been destroyed, and, for greater certainty, Consultant shall not make any further <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">use of the Confidential Information after expiration or termination of this Agreement and Consultant specifically agrees to cease any further use of Corporation and Bitzio Studios&#8217;s Confidential Information;</font></font></div>
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<td valign="top" width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></td>
<td valign="top" width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">deliver all records, reports and related materials to Corporation and Bitzio </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Studios or its designee;</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">6</font><font style="FONT-WEIGHT: bold">.3&#160;</font></font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Provisions</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">That</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Operate</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Follow</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ng</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Termination</font></font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Section 3.3 and the obligations therein, shall continue in full force and effect following any such termination; and</font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)</font></font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The payment provisions of section 2.1, 2<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font>2 and 2.3(b) shall survive on a pro rata basis with the issuance of any and all shares earned up to the date of termination.&#160;&#160;&#160;&#160;Any shares not earned pursuant to the terms hereof (notwithstanding the issuance thereof in the name of the Consultant <font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> or as the Consultant may have directed) shall be forfeited and the Consultant shall executed such documents as may be required to give effect to such forfeiture.</font></font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">ARTICLE</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">SEV</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">E</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">N -</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">RENEWAL</font></font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">7.1</font></font></td>
<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Renewal</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">of</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">the</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Agreement</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">7.2</font></font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Non&#173;Renewal</font></font></font></td>
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<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In the event that either party gives notice not to renew the Agreement at the end of any Term, this Agreement will terminate without any notice or payment in lieu of notice in accordance with Section 6 of this Agreement.</font></font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ARTICLE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">EIGHT</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">- </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">INTERPRETATION</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">AND</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">ENFORCEMENT</font></font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.1&#160;</font></font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Sections</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">nd</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Headi</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">gs</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The division of this Agreement into Articles and Sections and the insertion of headings are for the convenience of reference only and will not affect the construction or interpretation of this Agreement.&#160;&#160;&#160;The terms &#8220;this Agreement&#8221;, &#8220;hereof&#8221;, &#8220;hereunder&#8221; and similar expressions refer to this Agreement and not to any particular Article, Section or other portion of this Agreement.&#160;&#160;References in this Agreement to &#8220;$&#8221; or &#8220;dollars&#8221; refer to United States dollars.&#160;&#160;&#160;References in this Agreement to Articles and Sections refer to articles and sections of this Agreement, unless expressly stated otherwise.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.2</font>&#160;&#160;&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Number</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">a</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">n</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">d</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Gender</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In&#160;&#160;this&#160;&#160;Agreement,&#160;&#160;words&#160;&#160;importing&#160;&#160;the&#160;&#160;singular&#160;&#160;number&#160;&#160;only&#160;&#160;shall&#160;&#160;include&#160;&#160;the plural and <font style="DISPLAY: inline; TEXT-DECORATION: underline">v</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">ce</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">v</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">e</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">rsa,</font> and words importing the masculine gender shall include the feminine and neuter genders and <font style="DISPLAY: inline; TEXT-DECORATION: underline">v</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">i</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">ce</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">v</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">e</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">r</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">s</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">a,</font> and words importing persons shall include individuals, partnerships, associations, trusts, unincorporated organizations and Corporation and Bitzio Studioss and <font style="DISPLAY: inline; TEXT-DECORATION: underline">vice</font> <font style="DISPLAY: inline; TEXT-DECORATION: underline">v</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">e</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">rsa</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></font></td>
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<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">8</font></div>

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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.3&#160;</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Entire</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Agreement</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">This Agreement, including the Proprietary Rights Agreement at Exhibit &#8220;A&#8221;,&#160;&#160;and the Release at Exhibit &#8220;B&#8221; constitutes the entire agreement between the Corporation and Bitzio Studios and the Consultant with respect to the subject matter hereof and replaces and supersedes any prior understandings and agreements between them with respect thereto.&#160;&#160;There are no representations, warranties, forms, conditions, undertakings or collateral agreements, express or implied, between the Corporation and Bitzio Studios and the Consultant with respect to the subject matter hereof, other than as expressly set forth in this Agreement.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.4&#160;</font>&#160;&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Amendm</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">e</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">nts</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">and</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Waivers</font></font></font></td>
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<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">No&#160;&#160;amendment&#160;&#160;to&#160;&#160;this&#160;&#160;Agreement&#160;&#160;shall&#160;&#160;be&#160;&#160;valid&#160;&#160;or&#160;&#160;binding,&#160;&#160;unless&#160;&#160;set&#160;&#160;forth&#160;&#160;in writing and duly executed by both the Corporation and Bitzio Studios and the Consultant.&#160;&#160;No waiver of any breach of any term or provision of this Agreement will be effective or binding, unless made in writing and signed by the party purporting to give the same and, unless otherwise provided in the written waiver, will be limited to the specific breach waived.&#160;&#160;&#160;Any handwritten changes made to this Agreement </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(with the exception of the Effective Date when the Effective Date is handwritten onto the Agreement) must be initialed by all parties in order to be binding on the parties.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.5</font>&#160;&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Assignment</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Except as may be expressly provided in this Agreement, neither the Corporation and Bitzio Studios or the Consultant may assign its rights or obligations under this Agreement without the prior written consent of the other party hereto, provided that the Corporation and Bitzio Studios may assign this Agreement to a successor in the event of a sale of all or substantially all of the Corporation and Bitzio Studios&#8217;s shares or assets.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.6</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Severability</font></font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">If any provision of this Agreement is determined to be invalid or unenforceable in whole&#160;&#160;or&#160;&#160;in&#160;&#160;part,&#160;&#160;such&#160;&#160;invalidity&#160;&#160;or&#160;&#160;unenforceability&#160;&#160;will&#160;&#160;attach&#160;&#160;only&#160;&#160;to&#160;&#160;such provision or part thereof<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> and the remaining part of such provision and all other provisions hereof shall continue in full force and effect.</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.7</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Notices</font></font></td>
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<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Any demand, notice or other communication to be given in connection with this Agreement will be given in writing and may be given by personal delivery<font style="DISPLAY: inline; FONT-FAMILY: times new roman">,</font> by electronic delivery (with proof of successful transmission) or by registered or certified mail, return receipt requested, addressed to the recipient as follows:</font></font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;</font></div>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="50%" style="TEXT-ALIGN: center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">To the Consultant:</font></font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Latin America Futbol Corp.</font></font></td>
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<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%" style="TEXT-ALIGN: center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">To the Corporation:</font></font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Motion Pixel Corporation Holdings, Inc.</font></font></td>
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<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">With a copy to: <font style="DISPLAY: inline; TEXT-DECORATION: underline">legal@bitzio.com</font></font></font></td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">or such other address or individual as may be designated by notice by either party to the other.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any communication given by personal delivery will be conclusively deemed to have been given on the day of actual delivery thereof; or if made or given by electronic&#160; delivery,&#160; on&#160; the&#160; business&#160;day&#160;following&#160; receipt&#160; thereof;&#160;or&#160;if&#160;made&#160;or&#160;given&#160;by registered&#160;or&#160;certified&#160; mail,&#160;on&#160;the 7th&#160;day,&#160;other than&#160;a&#160; Saturday,&#160; Sunday&#160;or Statutory holiday in California, following the deposit thereof in the mail.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If the party giving any communication knows or ought reasonably to know of any difficulties with the postal system that might affect the delivery of mail, then such communication&#160; will&#160;not&#160;be&#160; mailed&#160;but will&#160;be&#160;given&#160; by&#160; facsimile&#160;or&#160;personal delivery.</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">9</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.8</font></font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Governing</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Law</font></font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">This Agreement will be deemed to have been entered into, and will be governed by, and interpreted and construed in accordance with the laws of the State of California.</font></font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.9</font>&#160;&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Court</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Juri</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">s</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">d</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">iction</font></font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.10</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Counterparts</font></font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">This Agreement may be executed in two or more identical counterparts, facsimile counterparts or electronic counterparts, each of which when executed by a party shall be deemed to be an original and such counterparts shall together constitute one and the same Agreement.</font></font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">8.11</font></font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Copy</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">of</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">A</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">g</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">reement</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-&#173; signature page follows &#173;-</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">10</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">IN WITNESS</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREOF </font>the parties have executed this Agreement as of the Effective Date </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(as set out above).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LATIN<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold">AMERICA FUTBOL</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">CORP.,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="FONT-WEIGHT: normal">a corporation incorporated under the laws of Florida</font></font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%" style="BORDER-BOTTOM: #ffffff solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td valign="top" width="3%" style="BORDER-BOTTOM: #ffffff solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By: </font></div>
</td>
<td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">&#160;/s/ Manny Bains</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: #ffffff solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" nowrap valign="bottom" width="35%">
<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MOTION</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">PIXEL CORPORATION </font></font></font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">HOLDINGS,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">INC., </font></font></font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a corporation incorporated under the laws of Costa Rica</font></font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%">&#160;</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></font></td>
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<td valign="top" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%">
<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">BITZIO </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">STUD</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">OS,&#160;&#160;INC.,&#160;&#160;</font>a corporation incorporated under the laws of Nevada</font></font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></td>
<td valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">/s/ William Schonbrun</font></font></td>
<td valign="top" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></font></td>
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<td colspan="3" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td colspan="3" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">For purposes of this Agreement:</font></font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)</font></font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any and all versions of the software and related documentation owned or marketed by the Corporation, as well as the software and documentation owned by the Corporation&#8217;s suppliers and used internally by the Corporation, including all related algorithms, concepts, data, designs, flowcharts, ideas, programming techniques, specifications and source code listings;</font></font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)</font></font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(v)&#160;</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(vi)&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)</font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font></font>&#160;&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div>&#160;</div>

<div align="center">
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font></font></font></td>
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<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="90%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="3%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">6<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font></font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">7.</font></font></td>
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<td colspan="2" width="96%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">8<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font></font>&#160;&#160;&#160;&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">10<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold">.</font></font></font></td>
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<td width="5%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="91%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">11<font style="DISPLAY: inline; FONT-FAMILY: times new roman">.</font>&#160;&#160;</font></font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" width="96%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">12.</font>&#160;&#160;&#160;&#160;&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="5%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="91%" style="TEXT-ALIGN: justify"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="4%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-&#173; Signature page follows &#173;-</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%">
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<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="12%" style="BORDER-BOTTOM: #ffffff solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" nowrap valign="bottom" width="35%">
<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MOTION</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">PIXEL CORPORATION HOLDINGS,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">INC., </font></font></font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a corporation incorporated under the laws of Costa Rica</font></font></div>
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%">&#160;</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%" style="PADDING-BOTTOM: 2px">
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<td valign="top" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%">
<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">BITZIO </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">STUD</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">I</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">OS,&#160;&#160;INC.,&#160;&#160;</font>a corporation incorporated under the laws of Nevada</font></font></div>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%" style="PADDING-BOTTOM: 2px">
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<td valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">/s/ William Schonbrun</font></font></td>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">S</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">chedule</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">"</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">A</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">"</font></font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To:&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;MOTION PIXEL CORPORATION HOLDINGS, INC.&#160;&#160;&#160;and BITZIO STUDIOS INC. (the &#8220;Corporation&#8221;)</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following is a complete list of all works and inventions relative to the subject matter of my service as a Consultant of the Corporation that it created prior to its engagement by the Corporation:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;] No works and inventions. </font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; ] See below:</font></div>

<div>&#160;</div>

<div align="center">
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<td width="50%" style="BORDER-BOTTOM: black 1px solid; BORDER-TOP: black 1px solid"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<td width="50%" style="BORDER-BOTTOM: black 1px solid"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 36pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;] Additional&#160;sheets attached.</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LATIN</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">AMERICA FUTBOL</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">CORP.,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>a corporation incorporated under the laws of Florida</font></font></td>
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<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block"><font style="FONT-WEIGHT: bold">EXHIBIT 99.1<br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Bitzio, Inc. Announces Close of Motion Pixel Corporation Acquisition</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">SAN FRANCISCO, CALIFORNIA--(Marketwire -05/23/12)- Bitzio, Inc. ("Bitzio" or "the Company") (<font style="DISPLAY: inline; TEXT-DECORATION: underline">BTZO.OB</font>), a leader in apps, mobile media and behavioral analytics, today announced the definitive acquisition of Motion Pixel Corporation Holdings, Inc. ("MPC"), a high-end media and animation studio with operations in the U.S., Costa Rica, and India.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The MPC acquisition adds 35 animators, developers and managers to the expanding Bitzio global team. Terms of the acquisition to be disclosed upon an upcoming 8-K filing.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">William Schonbrun, President and CEO of Bitzio commented, "The acquisition of MPC elevates the quality, beauty and experience of a Bitzio app to that of an animated movie. MPC's media and animation capabilities sync perfectly with our company vision. MPC also brings with it amazing relationships with sports and entertainment properties - and through those relationships we are able to secure mobile and digital rights to animated versions of world renowned athletes and stars." Examples of MPC's animation work can be viewed on their <font style="DISPLAY: inline; TEXT-DECORATION: underline">Demo Reel</font>.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"Bitzio is now a company focused on delivering mobile apps with movie quality animation and game play, virtually never found in mobile apps. With MPC's high end visual capabilities, and media and licensing rights, we can now completely focus on delivering apps for existing fans of sports teams, athletes and stars - and we can include animated versions of those teams and stars in the mobile game. We believe focusing our efforts on the existing fans of sports and entertainment properties, coupled with the quality of our apps and our behavioral analytics capabilities are massive differentiators. This is what sets us apart from other app development companies."</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue will be generated from several channels including paid downloads, freemium (free to paid user) conversions based on premium content, in-app advertising, in app sponsorship, premium in-app purchases (game enhancement features) and cross promotion of other apps built around the sports or entertainment property through the Company's proprietary App Wall technology.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Manny Bains, CEO of MPC commented, "Our team has seen a perfect alignment with Bitzio's corporate strategy. We have the ability to create a level of graphic beauty that is rare in the world of apps right now. Bitzio brings the technology, deployment, marketing and monetization capabilities to the table. We chose to become a part of Bitzio because of their talent and vision. They have solved the conundrum that most app development companies have, how to connect with users. They are truly a behavioral analytics company masquerading as an app developer and this excites us. The value of marketing to existing fan bases boosts potential monetization and user conversion rates to levels we have never seen."</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bitzio will be focusing on developing apps for four key verticals of existing fan bases: sports teams, entertainment, Bollywood and gaming. The Company will utilize the Bitzio Platform, which includes proprietary technologies such as Bitzio's App Wall to market, monetize and analyze user behavior.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">About Bitzio, Inc.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bitzio's mission is to help mobile app developers get the full potential of their mobile apps by increasing consumer reach, conversion rates and bottom line profitability. Bitzio's strategic arsenal of methodologies and technologies allows mobile app developers to quickly develop, market and monetize their apps. The company aims to be responsible for the download of 1 Billion apps by 2014. For more information, visit <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.bitzio.com</font>. To learn more about Bitzio, watch their <font style="DISPLAY: inline; TEXT-DECORATION: underline">video</font> or connect with Bitzio on <font style="DISPLAY: inline; TEXT-DECORATION: underline">Twitter</font> and <font style="DISPLAY: inline; TEXT-DECORATION: underline">Facebook</font>.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"Bitzio" is a trademark of Bitzio, Inc. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.</font></div>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">About Motion Pixel Corporation Holdings, Inc.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPC is a creative entity that has become the catalyst in bringing ideas, products and services to life. The team at MPC has collectively produced over 10,000 hours of animated content in all genres from movies, TV shows and advertising. Since 1997, while working together, the MPC team has been the recipients of 17 digital film and creativity awards. The studio boasts the region's best free-thinking talented artists, creating everything from storyboards to finished digital animated productions. To see examples of their work, watch their <font style="DISPLAY: inline; TEXT-DECORATION: underline">Demo Reel</font>.</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Forward Looking Statements</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements relating to expectations the 2012 fiscal year; The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Bitzio in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that Bitzio believes are appropriate in the circumstances, including but not limited to general economic conditions, Bitzio's expectations regarding its business, strategy and prospects, and Bitzio's confidence in the cash flow generation of its business. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; Bitzio's reliance on key personnel; Bitzio's ability to maintain and enhance its brand; and difficulties in forecasting Bitzio's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to Bitzio that may cause actual results to differ are set forth Bitzio's periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may be obtained at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.sec.gov</font>). These factors should be considered carefully, and readers should not place undue reliance on Bitzio's forward-looking statements. Bitzio has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Contact:</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For Investor Inquiries:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital Group Communications, Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mark Bernhard</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">415.332.7200</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">mark@cgcone.com</font></font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Innova Communications</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Amy Chilla</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">949.573.7830</font></div>

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