INDEMNIFICATION AGREEMENTIndemnification Agreement • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products • Nevada
Agreement dated as of August 21, 2011, between Bitzio, Inc., a corporation existing under the laws of Nevada (the “Company,”), and William Schonbrun (William Schonbrun, together with his heirs, executors, personal and legal representatives, referred to collectively as the “Indemnitee”).
OPTION TO PURCHASE COMMON STOCKOption Agreement • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products • Nevada
THIS CERTIFIES that, for value received, Robert W. Garnett (the “Holder”), shall be entitled to acquire from BITZIO, INC., a Nevada corporation (the “Company”), subject to the terms and conditions contained herein, at any time during the period from 9:00 a.m. (Pacific Daylight Time) on August 21, 2011 through 5:00 p.m. (Pacific Daylight Time) on August 20, 2016 or such earlier date as provided herein (the “Exercise Period”), 1,000,000 shares (individually, a “Option Share” and collectively, the “Option Shares”) of “Common Stock” (as hereinafter defined), at a purchase price of $0.38 per share (the “Exercise Price”), subject to adjustment from time to time pursuant to the provisions of Section 2. For purposes of this Option, the term “Common Stock” shall mean the $0.001 par value common stock of the Company.
November 9, 2011 Mr. Quoc Bui, Mr. Michael Moon and Thinking Drone, Inc. San Diego, CA Dear Quoc and Michael: Re: Amendment of the September 14, 2011 agreement to acquire Thinking Drone, Inc.Agreement to Acquire Thinking Drone, Inc. • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products
We write to confirm our discussion to amend our September 14, 2011 letter agreement (the “Agreement”) relating to our purchase of all of the issued and outstanding shares of Thinking Drone, Inc. We also confirm your attorney’s advice today that you have acquired Richard Lee’s shares of Thinking Drone, Inc. and accordingly you are now the sole shareholders of the company. We hereby amend the Agreement as follows:
AMENDMENT TO THE BITZIO OPTION TO PURCHASE COMMON STOCK WITH GORDON C. MCDOUGALL, DATED JULY 1, 2011Option to Purchase Common Stock • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products
This amendment, (the “Amendment”) effective as of September 30, 2011 between Bitzio, Inc. ("Bitzio") and Gordon C. McDougall (“Holder”), to the Original Agreement, is intended to amend the Original Agreement as follows:
Bitzio Holdings, Inc.Acquisition Agreement • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products • Nevada
This letter agreement confirms our recent discussions with respect to the proposed acquisition (the “Acquisition”) from Quoc Bui, Michael Moon and Richard Lee (collectively, the “Vendors”) of all the Vendors’ right, title and interests in and to Thinking Drone, Inc. (the “Business”), a California corporation, by Bitzio Holdings, Inc. (the “Purchaser”), a Nevada corporation having an office in San Francisco, California, in exchange for the consideration and pursuant to the terms and conditions set out in this letter agreement. The Business includes the assets described in Schedule “A” attached hereto.
September 30, 2011 Digispace Holdings, Inc. San Francisco, California, 94104 Telephone (604) 313-9344 Re: Second Amendment to the August 3, 2011 Agreement to acquire Digispace Solutions, LLC Dear Gordon,Second Amendment to the Agreement • November 18th, 2011 • Bitzio, Inc. • Sugar & confectionery products
This letter is to confirm the agreement of Digispace Holdings, Inc. (“Purchaser”), on the one hand, and Amish Shah and Jose Rivera (“Vendors”), on the other, to enter into a second amendment (“Second Amendment”) to the August 3, 2011 letter agreement (the “Agreement”) for the acquisition of Digispace Solutions, LLC (“Company”). The parties have agreed as follows:
