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EXHIBIT 10.1
 
AMENDMENT NO. 1 TO PRO-WATER ACQUISITION AGREEMENT
 
THIS AMENDMENT NO. 1 TO PRO-WATER ACQUISITION AGREEMENT (the “Amendment”), is
entered into as of this 12th day of July 2010, by and between RG Global
Lifestyles, Inc. (“RGBL” or Buyer”) a California corporation having its
principal place of business located at 2345 W. Foothill, Suite #7, Upland, CA
91786 and Pro-Water LLC, a Colorado limited liability company (“Pro-Water”) and
Metropolitan Real Estate LLC, a New York limited liability company, and the sole
Pro-Water member (“Pro-Water Member”). (The Pro-Water Member and Pro-Water are
collectively referred herein as “Seller” or “Sellers”.) Buyer and Seller(s) are
sometimes collectively referred to herein as the “Parties” and individually as
the “Party.”
 
Preamble:
 
WHEREAS, the Parties entered into a certain Pro-Water Acquisition Agreement on
July 7, 2010 (“Agreement”) for the sale of Pro-Water to RGBL;
 
WHEREAS, the Parties wish to amend the terms of the Agreement;
 
NOW, THEREFORE, in consideration of the promises and of the mutual agreements,
provisions, covenants, representations and warranties herein contained, the
Parties hereto hereby agree as follows:
 
Agreement
 
1.           Subsection (a) of Section 1.02 “Purchase and Sale” of the
Agreement, shall be amended to read as follows:
 
“(a) A total of thirty three million, three hundred thirty three thousand, three
hundred and thirty three (33,333,333) shares of the restricted common stock of
RGBL (“RGBL Shares”);”
 
2.           Subsection (a) of Section 7.02 “Deliveries by RGBL” of the
Agreement, shall be amended to read as follows:
 
“(a) To Horst Franz Geicke, the assign of the Pro-Water Member, a stock
certificate representing thirty three million, three hundred thirty three
thousand, three hundred and thirty three (33,333,333) shares of the restricted
common stock of RGBL.”
 
3.           Subsection (a) of Section 5 “Conversion” of Exhibit A “Secured
Convertible Promissory Note” to the Agreement, shall be amended to read as
follows:
 
“(a)           Mechanics of Conversion. At any time, Lender may at its option
elect to automatically convert all or part of: (a) $400,000 of the outstanding
Principal Amount and unpaid accrued interest thereon as of such date
(“Conversion Date”) into shares of the Borrower’s common stock, $0.001 par value
per share (the “Common Stock”) at a price of $0.025 per share; and (2)
$1,600,000 of the outstanding Principal Amount and unpaid accrued interest
thereon as of such Conversion Date into shares of the Borrower’s Common Stock at
a price of $0.20 per share;”
 
Other than the foregoing, the Agreement remains in full force and correct.
 
IN WITNESS WHEREOF, the Parties have executed this Amendment No.1 to the
Pro-Water Acquisition Agreement as of the day and year first written above.
 
RG Global Lifestyles, Inc.
 
/s/ Grant King

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Name: Grant King
Title:  Chief Executive Officer
 
 
Pro-Water LLC
 
/s/ Keith Morlock

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Name: Keith Morlock
Title:  President
 
 
Metropolitan Real Estate LLC
 
/s/ Horst Geicke

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Name: Horst Geicke
Title:  Partner