Exhibit-10.7

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

 
Description: Citizens Capital Corp. & DLFA Industries, Inc. Asset Purchase
Agreement.

PURCHASE AGREEMENT

This Purchase Agreement (the “Agreement”) is entered into by Citizens Capital
Corp., a corporation organized under the laws of the State of Texas hereafter
known as (the "Seller") and DLFA Industries Inc., a corporation organized under
the laws of the State of Texas hereafter known as (the "Purchaser”) confirms
that (the “Purchaser”) and (the “Seller”) have reached an agreement as to
the  acquisition, by (the “Purchaser”), and the transfer and sale by (the
“Seller”), to (the “Purchaser”), all the tangible and intangible operating
assets of the Dream League Football Association, a twenty (20) team,
professional football league hereafter known as (the “League”).

Whereas both (the “Seller”) and (the “Purchaser”) have agreed in principle to
the following specific terms, said terms are set forth below:

1.  PURCHASE PRICE:

On a date to be agreed upon (the "Closing Date") in which both parties shall
attempt to have occur on or before December 31, 2009 unless an extension is
mutually agreed upon by both parties, (the “Purchaser”) shall acquire, from (the
“Seller”) all of the tangible and intangible operating assets of (the “League”),
listed under the sub heading; “Inclusions” of (the “Agreement”) hereof for an
aggregate financial consideration in this purchase transaction of fifty million
dollars (US $50,000,000). As payment in full in this purchase transaction, (the
“Purchaser”) shall hereby agree to issue to (the “Seller”), on or before (the
"Closing Date"), the following financial consideration:

a) Five Million (5,000,000) shares of DLFA Industries Inc. common stock @ $0.20
per share; plus

b) Two hundred forty five million (245,000,000) shares of DLFA Industries Inc.
common stock @ $0.20 per share.

 
 

--------------------------------------------------------------------------------

 
 
2.  TERMS:
 
On or before the fifteenth (15th) day following (the "Closing Date"), as
consideration for the aggregate purchase price, (the “Purchaser”) shall:

a) Deliver to (the “Seller”), stock certificates representing an aggregate of
two hundred and fifty million (250,000,000) DLFA Industries Inc. common shares.

b) Agree to cause to be filed with the Securities and Exchange Commission (SEC),
a Form D notice of securities sales, pursuant to Regulation D of the Securities
Act of 1933, as amended, pursuant to the following allocation:

- 5,000,000 shares of DLFA Industries Inc. common stock @ $0.20 per share
pursuant to Rule 230.504.
- 245,000,000 shares of DLFA Industries Inc. common stock @ $0.20 per share
pursuant to Rule 230.506.

3.  INCLUSIONS:

The transfer and sale by (the “Seller”) of all the tangible and intangible
operating assets of (the “League”) shall include the following assets:

1)        Master operational rights for all twenty (20) League teams.
2)        Master marketing rights to all twenty (20) trademark, team logos to
include:

Stampede (Austin); Rustlers(Dallas); Drillers(Houston); Warriors (Oklahoma
City); River Wranglers(San Antonio); Blackjacks(Las Vegas); Stars(Los Angeles);
Mountaineers(Utah); Soldiers(Sacramento); Silicons(San Jose); Gamblers(New
Jersey); Gotham Gladiators(New York); Liberty(Philadelphia); Rhinos(Toronto);
Vultures(Virginia); Bulldogs(Chicago); Condors(Columbus); Corndoggs(Iowa);
Stallions(Kentucky); Cheezheads(Milwaukee).

  3)      National, Regional & Local Television game broadcast rights.
  4)      National, Regional & Local Radio game broadcast rights.
  5)      National, Regional & Local Corporate sponsorship sales rights.
  6)      League and Team Licensed Product Merchandising rights.
  7)      League and Individual Team Website properties rights.
  8)      League and Individual Team; Interactive video games licensing rights.
  9)      Operational and content distribution rights to
Dreamleaguefootball.com.
  10)    Operational and master content distribution rights to League TV
Network.
  11)    Operational and master content distribution rights to Individual team
broadcast channel.
  12)    National, Regional & Local League advertising sales rights.
  13)    Local Team Advertising sales rights.
  14)    All team merchandise inventories on hand.

4.  EXCLUSIONS:

Any and all debts and other liabilities and/or personal effects.

5.  CONDITIONS TO CLOSING:

The consummation of this Purchase shall be subject to the satisfaction of the
following conditions:

    A.  The parties shall have received all required approvals and consents from
any regulatory authorities, shareholders and/or any involved third parties.

    B.  (The “Purchaser”) and (the “Seller”) shall have executed on or prior to
December 31, 2009, unless an extension is mutually agreed upon by both parties,
a definitive ("Purchase Agreement") containing the mutually acceptable
provisions relating to, among other things, representations, warranties,
conditions, and indemnifications customary for a transaction of this nature,
shall be in form and substance satisfactory to both the Purchaser and the Seller
and shall also be approved by counsel for both parties.

 
 

--------------------------------------------------------------------------------

 
 
    C.  The truth and accuracy of all representations and warranties and the
satisfaction of all conditions.

    D.  The consummation of the purchase on or before December 31, 2009.

    E.  Since December 1, 2009, the assets of (the “Seller”) shall be maintained
in the ordinary course of business operations without any material adverse
change in the property, business prospects, or earnings.

    F.  Such other matters as the Purchaser and its counsel may deem appropriate
and customary or necessary in order to consummate this purchase transaction,
including but not limited to quality of title and a due diligence review of the
Seller's books and records.

    G.  Review by Purchaser and its accounting representatives of the Financial
Statements, tax returns and business operations of the Seller, including but not
limited to accounting adjustments.

    H.  From and after the date hereof, upon reasonable prior notice and during
normal business hours, the Seller shall grant to the Purchaser and its agents,
employees, and designees full and complete access to the books and records and
personnel of the Seller. Except as may be required by law or court order, all
information so obtained, not otherwise already public, will be held in
confidence.

    I. (The “Seller”) shall make available for review all pertinent books;
records and asset listings.

    J.  Each party will be responsible for its own expenses in connection with
all matters relating to the purchase transaction herein.

    K. (The “Purchaser”) shall have the right to prepay any and all notes, if
any, to the Seller, with any accrued interest, without penalty.

Your signature below shall indicate your agreement in principle with the
foregoing letter of agreement.

AGREED AND ACCEPTED this 28th day of December 2009.

Citizens Capital Corp.
(The Seller)

By: /s/ Billy D. Hawkins
Billy D. Hawkins, Chief Executive Officer

AGREED AND ACCEPTED this 28th day of December 2009.

DLFA Industries Inc.
(The Purchaser)

By: /s/ Derrick Hayden
Derrick Hayden, Director
 

--------------------------------------------------------------------------------