Document:

Exhibit

Exhibit 4.1

AMENDMENT NO. 4 TO RIGHTS AGREEMENT 
Amendment No. 4, dated as of November 16, 2015 (this “Amendment”), to the Rights Agreement, dated as of December 21, 2006, as amended (the “Rights Agreement”), by and between USG Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., as rights agent (successor rights agent to Computershare Investor Services, LLC, hereinafter, the “Rights Agent”). 
RECITALS 
WHEREAS, the Board of Directors of the Company has determined that it is in the best interests of the Company and its stockholders to amend the Rights Agreement as set forth in this Amendment; 
WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to the time at which the Rights cease to be redeemable, and subject to the penultimate sentence of Section 27 of the Rights Agreement, the Company may in its sole and absolute discretion, and the Rights Agent will if the Company so directs, supplement or amend any provision of the Rights Agreement in any respect in accordance with the provisions of such Section; and 
WHEREAS, pursuant to the terms of the Rights Agreement and in accordance with Section 27 thereof, the Company has directed that the Rights Agreement be amended as set forth in this Amendment, and by its execution and delivery hereof, directs the Rights Agent to execute this Amendment. 
NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth in the Rights Agreement and in this Amendment, the parties hereto hereby amend the Rights Agreement as follows: 
1. Section 1(j) of the Rights Agreement is hereby amended and restated in its entirety as follows: 
“(j) “Expiration Date” means the earliest of (i) the Close of Business on May 31, 2019, (ii) the time at which the Rights are redeemed as provided in Section 23, and (iii) the time at which all exercisable Rights are exchanged as provided in Section 24.”
2. Section 1(ee) of the Rights Agreement is hereby amended and restated in its entirety as follows: 
“(ee) “Special Period” means the period beginning as of 4:00 p.m., New York City time, on March 22, 2013 and ending at the earliest of (i) the Close of Business on May 31, 2019, (ii) the Close of Business on the date of a determination by the Board of Directors of the Company that this Agreement is no longer necessary for the preservation of Tax Benefits because of the repeal of Section 382 or any successor statute, (iii) the Close of Business on the first day of a taxable year of the Company to which the Board of Directors of the Company determines that no Tax Benefits may be carried forward, and (iv) the Close 

of Business on such date as the Board of Directors of the Company determines that this Agreement is no longer necessary for the preservation of Tax Benefits.” 
3. Exhibit B to the Rights Agreement is hereby deemed amended and restated in a manner consistent with this Amendment. 
4. Capitalized terms used without other definition in this Amendment will be used as defined in the Rights Agreement. 
5. This Amendment will be deemed to be a contract made under the internal substantive laws of the State of Delaware and for all purposes will be governed by and construed in accordance with the internal substantive laws of such State applicable to contracts to be made and performed entirely within such State. 
6. The Rights Agreement will not otherwise be supplemented or amended by virtue of this Amendment, but will remain in full force and effect. 
7. This Amendment may be executed in any number of counterparts and each of such counterparts will for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Amendment transmitted electronically shall have the same authority, effect, and enforceability as an original signature. 
8. This Amendment will be effective as of the date first above written and all references to the Rights Agreement will, from and after such time, be deemed to be references to the Rights Agreement as amended hereby. 
9. The undersigned officer of the Company, being duly authorized on behalf of the Company, hereby certifies in his or her capacity as an officer on behalf of the Company to the Rights Agent that this Amendment is in compliance with the terms of Section 27 of the Rights Agreement. 
10. By its execution and delivery hereof, the Company directs the Rights Agent to execute this Amendment. 
 

[Signatures on following page.]  

2

IN WITNESS WHEREOF, this Amendment has been duly executed by the Company and the Rights Agent as of the date first above written. 

 
	
					
	 
	 
	 
	 
	 

	USG CORPORATION

	 
	 

	By:
	 
	/s/ Stanley L. Ferguson

	 
	 
	Name:
	 
	Stanley L. Ferguson

	 
	 
	Title:
	 
	Executive Vice President,              General Counsel and Secretary

	 

	COMPUTERSHARE TRUST COMPANY, N.A.

	 
	 

	By:
	 
	/s/ David Adamson

	 
	 
	Name:
	 
	David Adamson

	 
	 
	Title:
	 
	Vice President

 

S-1Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

  

THIS ASSET PURCHASE AGREEMENT (the “Agreement”)
is made and entered into as of the 22nd day of September, 2015 by and among Grow Solutions Holdings, Inc., a Delaware
corporation (“Parent”), One Love Garden Supply LLC, a Colorado limited liability company (“Buyer”)
D&B INDUSTRIES, LLC, an individual (“Seller”).

 

R E C
I T A L S

 

A.Seller is a Colorado limited liability
company doing business as Hygrow (the “Business”).

 

B.The Business consists of sales of hydroponic
and garden supplies.

 

C.Subject to the terms and conditions of
this Agreement, Buyer is willing to purchase, and Seller is willing to sell, all of the assets, rights, properties and business
of the Business, and Buyer is willing to assume certain debts of Seller in connection with the Business as set forth in Schedule
A.

 

D.The parties acknowledge that a primary
objective of the acquisition for all parties is to deploy additional capital to enhance the growth of Buyer’s business, including
the

 

E.NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.DEFINITIONS

 

For the purposes of this Agreement, the terms
set forth below shall have the following meanings:

 

1.1“Assets” shall be
as defined in Section 2.1.

 

1.2“Closing” shall be as
defined in Section 2.4.

 

1.3“Debt” shall be defined
as any monies owed by the Business as enumerated in Schedule A-1.

 

1.4 “GAAP” shall mean
generally accepted accounting principles in the United States.

 

    

     

    

 

1.5“IRC” shall mean
the Internal Revenue Code of 1986, as amended.

 

1.6“Liens” shall mean
all liens, charges, easements, security interests, mortgages, conditional sale contracts, equities, rights of way, covenants, restrictions,
title defects, objections, claims or other encumbrances.

 

1.7“Material Adverse Effect” shall
mean an event which has a material adverse effect on the condition, financial or otherwise, of the Assets, business, prospects
or results of operations the business.

 

1.8“Shares” shall mean
the Three Hundred Thousand (300,000) Shares of Common Stock of Parent to be issued pursuant to Section 2.3 hereof.

 

2.SALE AND PURCHASE OF ASSETS

 

The parties adopt the following:

 

2.1Sale of Assets.  On the
terms and subject to the conditions of this Agreement and for the consideration set forth herein, Seller shall at the Closing,
sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Seller, all of the Assets of business.
The Assets shall include, without limitation, all assets of the Business identified by the terms of this Agreement or described
with particularity in Schedule 2.1 to this Agreement. The Assets shall include the following:

 

2.1.1Inventories. All inventories
of raw materials, work-in-process, finished goods, inventory for resale, supplies and repair materials of the Business as of the
Closing Date (the “Inventories”). A summary of such items on hand as of September 28, 2015 is attached
hereto as Schedule 2.1.1.

 

2.1.2Fixed Assets and Tangible Personal Property.
All fixed assets and tangible personal property of the Business (other than the Inventories) as it relates to this transaction,
including without limitation, all machinery (including essential replacement parts), equipment, supplies, tools, tooling, furniture,
fixtures, hardware, dies and spare parts. A list of such fixed assets and tangible personal property is attached hereto as Schedule
2.1.2.

 

2.1.3Intangible Personal Property.  All
intangible property of the Business (whether owned, used, registered in the name of, or licensed by the Business or in which Seller
otherwise has an interest), including without limitation, all patents, patent applications, software, trademarks and service marks,
trade and other names (either registered, common law or registration applied for), copyrights, trade secrets, know-how, product
designs, software source codes, customer lists, customer files, customer records, trade and other association memberships and rights,
and licenses and permits susceptible of transfer under regulatory agency rules. A detailed list of such assets is attached hereto
as Schedule 2.1.3.

 

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2.1.4Contracts. All rights in and
to the contracts of the Business (other than as described on Schedule 2.2), including without limitation, accounts receivable,
license agreements, assignment agreements, distribution agreements and agreements for leased equipment (the “Contracts”).
A list of all oral and written Contracts (excluding any Contracts listed on Schedules 2.1.1-3) is attached hereto as Schedule
2.1.4 showing, for each Contract, the names of the parties, the subject of the Contract, the basic terms and the consideration
involved.

 

2.1.5Other Assets.  Any
and all other assets, properties and business of the Business of every kind, character and description, whether tangible, intangible,
real, personal or mixed, and wherever located or by whomever possessed, acquired for, useful in, or any way related to the business,
including all cash, accounts receivable, contract rights and good will.

 

2.2No Liabilities; Contracts Not Purchased.
Except for the debts and obligations enumerated on Schedule A-1, Buyer shall not assume any indebtedness or liabilities of the
Business.

 

2.3Purchase Price.  Subject
to the terms and conditions of this Agreement, and in full consideration for the transfer of such Assets at Closing, Buyer shall
issue a certificate for the Shares as directed by Seller at Closing, and Buyer shall pay the sum of Five Thousand Two Hundred Dollars
($5,200) for the benefit of Seller, payable by check or wire upon Closing. The $5,200 shall be paid directly to Life’s A
Beach LLC to bring Seller’s rent current.

 

2.4Closing.

 

2.4.1Closing Date.  The
closing of the purchase and sale of the Assets (the “Closing”) shall be deemed to have taken place at
the offices of Black & LoBello, 10777 West Twain, Third Floor, on or before September 23, 2015 at 10:00 a.m. or at such other
place, date or time as Buyer and Seller may agree in writing. The date of the Closing shall constitute the “Closing Date.”

 

2.4.2Seller’s Deliveries at Closing.  At
the Closing, Seller shall deliver or cause to be delivered to Buyer:

 

		(a)	Bill of Sale of Seller authorizing consummation of the transaction contemplated by this Agreement,

 

		(b)	A compliance certificate pursuant to Section 5.3;

 

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		(c)	A Non-Disclosure and Non-Compete Agreement executed at Closing;

 

		(d)	All third-party consents (including without limitation from contract parties and governmental authorities necessary for consummation
of the transactions contemplated hereby);

 

		(e)	An Assignment of Trademarks Form in a form reasonably required by Buyer;

 

		(f)	An assignment of the URL, website content and all copyright
                                         therein for the website www.hygrowus.com;

 

		(h)	Such other documents and instruments as may be reasonably requested to effect the transactions contemplated hereby.

 

Simultaneously with such deliveries, Seller shall
take such steps as are necessary to put Buyer in actual possession and control of the Assets, and Seller hereby covenants to prepare,
execute and deliver such other documentation as may be required to protect the intellectual property of the Business, including
without limitation any filings with the U.S. Patent and Trademark Office or Colorado Secretary of State.

 

2.4.3Buyer’s Deliveries at Closing.  At
the Closing, Buyer shall deliver or cause to be delivered to or for the benefit of Seller the following instruments:

 

		(a)	A check or wire transfer in the amount of FIVE THOUSAND THOUSAND DOLLARS ($5,200) payable to Seller;

 

		(b)	A resolution by the Managers of the Buyer authorizing consummation of the transactions contemplated by the Agreement;

 

		(c)	Certified Resolutions of the Board of Directors of Parent and the Manager(s) of Buyer authorizing the deliveries and Closing.

 

		(d)	Such other documents and instruments as may be reasonably requested to effect the transactions contemplated hereby.

 

2.5Consent of Third Parties.  Seller
shall cooperate with Buyer to obtain the consent of any other party required in connection with the transfer of any Contracts requiring
such consent and shall provide Buyer with all of the benefits enjoyed by the Business under any such Contracts until consent to
the assignment thereof is obtained.

 

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3.REPRESENTATIONS AND WARRANTIES
OF SELLER 

 

Seller hereby represents and warrants to Buyer
the following, except as set forth in the Disclosure Schedule attached hereto as Schedule 3:

 

3.1Organization and Authority.  Seller
is a Colorado limited liability company doing business as “Hygrow”.

 

3.2 Authority
Relating to this Agreement; No Violation of Other Instruments.  

 

3.2.1The execution and delivery of this Agreement
and the performance hereunder by Seller have been duly authorized by all necessary actions on the part of Seller and, assuming
execution of this Agreement by Buyer, this Agreement will constitute a legal, valid and binding obligation of Seller, enforceable
against Seller in accordance with its terms, subject as to enforcement only to bankruptcy, insolvency, reorganization, arrangement,
moratorium and other laws of general applicability relating to or affecting creditors’ rights, and to general principles
of equity.

 

3.2.2Neither the execution of this Agreement nor
the performance hereof by Seller will: (i) conflict with or result in any breach or violation of the terms of any decree,
judgment, order, law or regulation of any court or other governmental body now in effect applicable to the Seller; (ii) conflict
with, or result in, with or without the passage of time or the giving of notice, any breach of any of the terms, conditions and
provisions of, or constitute a default under, or result in the creation of any lien, charge, or encumbrance upon any of the Assets
pursuant to, any indenture, mortgage, lease, agreement or other instrument to which the Seller is a party or by which he or any
of the Assets are bound; or (iii) permit the acceleration of the maturity of any material indebtedness of the Business or
of any other person secured by the Assets.

 

3.2.3No consent from any third party and no consent,
approval or authorization of, or declaration, filing or registration with, any government or regulatory authority is required to
be made or obtained by Seller in order to permit the execution, delivery or performance of this Agreement by the Seller, or the
consummation of the transactions contemplated by this Agreement, except for the consent of the Investors entering into this Agreement.

 

3.3Capitalization.  All of
the debts, royalties or other obligations of the Business are set forth in the schedules hereto.

 

3.4Ownership and Delivery of Assets.  The
Assets comprise all of the assets, material rights and all of the business of the Business. Seller is the true and lawful owner
of the Assets and has all necessary power and authority to transfer the Assets to Buyer free and clear of all liens and encumbrances.
No other person will have on the Closing Date, any direct or indirect interest in any of the Assets. Upon delivery to Buyer of
the Bill of Sale and other instruments of conveyance with respect to the Assets on the Closing Date, Buyer will acquire good and
valid title to the Assets free and clear of all liens.

 

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3.5Compliance with Law.  The
Seller holds, and has at all times since inception of the Business held, all licenses, permits and authorizations necessary for
the lawful conduct of the Business pursuant to all applicable statutes, laws, ordinances, rules and regulations of all governmental
bodies, agencies and subdivisions having, asserting or claiming jurisdiction over the Business or over any part of the Business’
operations, and Seller knows of no violation thereof. The Seller is not in violation of any decree, judgment, order, law or regulation
of any court or other governmental body, which violation could have a Material Adverse Effect on the Business.

 

3.6Investments in Others.  The
Seller does not conduct any part of the Business through any other entity in which such Seller has an equity investment.

 

3.7Financial Statements.  Seller
has delivered unaudited consolidated financial statements of the Business (the “Financial Statements”)
to Buyer.

 

3.8Absence of Undisclosed Liabilities.  The
Business does not have outstanding on the date hereof, any indebtedness or liability (fixed or contingent, known or unknown, accrued
or unaccrued) other than those enumerated in the schedules hereto.

 

3.9Tax Returns and Payments.  Schedule
3.9 constitutes a true and complete list of all types of taxes paid or required to be paid in connection with the Business.
All tax returns and reports with respect to the Business required by law to be filed under the laws of any jurisdiction, domestic
or foreign, have been duly and timely filed and all taxes, fees or other governmental charges of any nature which were required
to have been paid have been paid or provided for. Seller has no knowledge of any unpaid taxes or any actual or threatened assessment
of deficiency or additional tax or other governmental charge or a basis for such a claim against Seller. Seller has no knowledge
of any tax audit of Seller by any taxing or other authority in connection with the Business. Seller has no knowledge of any such
audit currently pending or threatened, and there are no tax liens on any of the properties or assets of the Business, nor have
any such liens been threatened.

 

3.10Absence of Certain Changes or Events.  Since
June 30, 2015, there has been no events or changes giving rise to a Material Adverse Effect.

 

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3.11Patents, Trademarks, Trade Names and Copyrights.  Patents
and Other Proprietary Rights.

 

3.11.1Seller has sufficient title and ownership
of all patents, trademarks, service marks, trade names, copyrights, trade secrets, information, proprietary rights, and processes
necessary for its business as now conducted, and as proposed to be conducted, and to Seller’s knowledge, such business does
not, and would not, conflict with or constitute an infringement of the rights of others;

 

3.11.2There are no outstanding options, licenses,
or agreements of any kind relating to the matters, nor is Seller bound by or a party to any options, licenses, or agreements of
any kind with respect to the patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information,
proprietary rights, and processes of any other person or entity;

 

3.11.3Seller has not received any communications
alleging that Seller has violated or infringed or, by conducting its business as proposed, would violate or infringe any of the
patents, trademarks, service marks, trade names, copyrights, or trade secrets or any proprietary rights of any other person or
entity;

 

3.11.4Seller is not aware that any of its employees
is obligated under any contract (including licenses, covenants, or commitments of any nature) or other agreement, or subject to
any judgment, decree or order of any court or administrative agency, that would interfere with the use of such employee’s
best efforts to promote the interests of Seller or that would conflict with Seller’s business as proposed to be conducted;
and

 

3.11.5Neither the execution nor delivery of this
Agreement, nor the carrying on of Seller’s business by the employees of Seller, nor the conduct of Seller’s business
as proposed, will, to Seller’s knowledge, conflict with or result in a breach of the terms, conditions, or provisions of,
or constitute a default under, any contract, covenant or instrument under which any of such employees is now obligated.

 

3.12Employee Proprietary Information and Inventions
Agreement. Each manager and employee of Seller has executed and delivered to Seller Seller’s standard form of Employee
Proprietary Information and Inventions Agreement, if any.

 

3.13No Defaults, Violations, or Conflicts.

 

3.13.1Seller has avoided every condition, and has
not performed any act, the occurrence of which would result in Seller’s loss of any material right granted under any license,
distribution or other agreement.

 

3.14Private Offering. Seller agrees
that neither Seller nor anyone acting on its behalf will offer any of the Shares referenced herein or any similar securities for
issuance or sale to, or solicit any offer to acquire any of the same from, anyone so as to make the issuance and sale of the securities
subject to the registration requirements of Section 5 of the Securities Act of 1933.

 

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3.15Litigation.  Seller is
not a party to any pending or, to the knowledge of Seller, threatened action, suit, proceeding or investigation, at law or in equity
or otherwise in, for or by any court or other governmental body which could have a Material Adverse Effect on: (i) the condition,
financial or otherwise, Assets, liabilities, business, prospects or results of operations of the Business; or (ii) the transactions
contemplated by this Agreement; nor, to the knowledge of the Business, does any basis exist for any such action, suit, proceeding
or investigation. The Business is not subject to any decree, judgment, order, law or regulation of any court or other governmental
body which could have a Material Adverse Effect or which could prevent the transactions contemplated by this Agreement or the continuation
of the business conducted by the Business.

 

3.16Protection of Intangible Property.
Schedule 3.13 sets forth a true and complete list of all employees and consultants who have worked on or contributed to
the development of Seller’s technology, patents, trademarks, trade names, copyrights, trade secrets and other proprietary
rights, including without limitation, the Business’ software, firmware or hardware. None of such proprietary rights have
been used, distributed or otherwise commercially exploited under circumstances which have caused, or with the passage of time could
cause, the loss of patent, trademark, copyright or trade secret status.

 

3.17Insurance.   Copies of
all such insurance policies and bonds have been furnished to Seller. All such insurance policies and bonds are in full force and
effect. The insurance coverage provided by such policies and bonds is adequate for the conduct of the business conducted by the
Business in accordance with good business practices.

 

3.18Brokers and Finders. Neither Seller
nor any agent of Seller has retained any broker or finder in connection with the transactions contemplated by this Agreement. Seller
will indemnify and hold Seller harmless against all claims for brokers’ or finders’ fees made or asserted by any party
claiming to have been employed by the Seller, any Investor or any agent of Seller or an Investor and all costs and expenses (including
the reasonable fees of counsel) of investigating and defending such claims.

 

3.19Negotiations with Other Parties.  Neither
Seller nor any other person on his behalf is presently conducting or contemplating negotiations with any other party regarding
any acquisition, merger or similar transaction.

 

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3.20Accuracy of Documents and Information.  The
copies of all instruments, agreements, other documents and written information set forth as, or referenced in, schedules or exhibits
to this Agreement or specifically required to be furnished pursuant to this Agreement to Seller by Seller are and will be complete
and correct in all material respects. All schedules are correct and complete as of the date of this Agreement, and there will be
no material changes in the information set forth in such schedules prior to the Closing Date. No representations or warranties
made by Seller in this Agreement, nor any document, written information, statement, financial statement, certificate or schedule
or exhibit furnished directly to Seller pursuant to this Agreement, contains any untrue statement of a material fact, or omits
to state a material fact necessary to make the statements or facts contained herein not misleading. There is no fact which materially
and adversely affects the Business, its financial position, Assets, liabilities, prospects or results of operations known to Seller
which has not been expressly and fully set forth in this Agreement or the schedules hereto.

  

3.21Investment.  This Agreement
is made with Seller in reliance upon Seller’ representations to Seller, which by Seller’s execution of this Agreement
he hereby confirms, that the Shares to be received by Seller will be acquired for investment for Seller’s own account, not
as a nominee or agent, and not with a view to the sale or distribution of any part thereof, and that Seller has no present intention
of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, Seller further represents
that Seller has no contract, undertaking, agreement or arrangement with any person to sell, transfer, or grant participation to
such person or to any third person, with respect to any of the Shares.

 

3.22No Public Market.  Seller
understands and acknowledges that the offering of the Shares pursuant to this Agreement will not be registered under the Securities
Act of 1933 on the grounds that the offering and sale of securities contemplated by this Agreement are exempt from registration
pursuant to Section 4(2) of the Securities Act of 1933, and that Seller’s reliance upon such exemption is predicated upon
Seller’s representations set forth in this Agreement. Seller further understands that no public market now exists for any
of the securities issued by Seller and that Seller has made no assurances that a public market will ever exist for Seller’s
securities.

 

3.23Limitations on Transferability.  Seller
acknowledges that the Shares are being issued pursuant to exemption from registration as securities under applicable federal and
state law. Seller covenants that in no event will Seller dispose of any of the Shares (other than pursuant to Rule 144 or any similar
or analogous rule), without the prior written consent of Parent, which shall not unreasonably be withheld.

 

3.24Legends.

 

3.24.1  All certificates for the Shares
shall bear the following legend:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”). SUCH SECURITIES MAY NOT BE TRANSFERRED UNLESS A REGISTRATION STATEMENT
UNDER THE ACT IS IN EFFECT AS TO SUCH TRANSFER OR IN THE OPINION OF COUNSEL FOR THE COMPANY, SUCH TRANSFER MAY BE MADE PURSUANT
TO RULE 144 OR REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT.”

 

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3.25Lock-up.  Seller agrees
that in the event of an initial public offering of Buyer, Seller will not sell, pledge or otherwise transfer the Shares except
in full accordance with the terms and conditions established between Parent and its underwriter, provided that such period of prohibition
on sale shall not be longer than one year from the effective date of such public offering.

 

3.23Contracts. Seller has
delivered to Buyer copies of all Contracts. A list of the delivered Contracts is attached hereto as Schedule 3.23.

 

3.26Full Disclosure. The representations
and warranties of Buyer contained in this Agreement and the schedule hereto, when read together, do not contain any untrue statement
of a material fact or omit any material fact necessary to make the statements contained therein or herein in view of the circumstances
under which they were made not misleading.

 

4.REPRESENTATIONS
AND WARRANTIES OF BUYER

 

Buyer hereby represents and warrants to Seller
that:

 

4.1Corporate Organization and Authority.
Buyer:

 

4.1.1is a limited liability company duly organized,
validly existing, authorized to exercise all its corporate powers, rights and privileges, and in good standing in the State of
Colorado; and

 

4.1.2has the corporate power and corporate authority
to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted.

 

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4.2Subsidiaries. Buyer is a subsidiary
of Parent. Buyer has no subsidiaries.

 

4.3Authorization. All corporate action
on the part of Buyer, its officers, directors, and unit holders necessary for the authorization, execution, delivery, and performance
of all obligations under this Agreement and for the issuance of the Shares has been taken, and this Agreement constitutes a legally
binding and valid obligation of Buyer enforceable in accordance with its terms.

 

4.4Corporate Power. Buyer has all requisite
legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the Shares, and to carry out and
perform its obligations under the terms of the Agreement.

 

4.5Validity of Securities. The Shares
to be issued hereunder have been duly and validly reserved and, assuming such securities are issued to the Seller and Investors
in accordance with the terms of this Agreement, and with the exception of Seller, will be duly and validly issued (including, without
limitation, issued in compliance with all applicable federal and state securities laws), fully paid, and non assessable and will
be free of any liens or encumbrances other than any liens or encumbrances created by or imposed thereon by the holders; provided,
however, that the securities shall be subject to restrictions on transfer under state and/or federal securities laws. The Shares
are not subject to any preemptive rights or rights of first refusal, except as otherwise so agreed to by the holders thereof.

 

The Shares shall be delivered in certificated
form as soon as practicable following the Closing.

  

4.6No Conflict with Other Instruments.
The execution, delivery, and performance of the Agreement will not result in any violation of, be in conflict with, or constitute
a default under, with or without the passage of time or the giving of notice: (i) any provision of Buyer’s Operating Agreement;
(ii) any provision of any judgment, decree or order to which Buyer is a party or by which it is bound; (iii) any material contract,
obligation, or commitment to which Buyer is a party or by which it is bound; or (iv) to Buyer’s knowledge, any statute, rule,
or governmental regulation applicable to Buyer.

 

4.7Litigation. There is no action, proceeding,
or investigation pending or threatened, or any basis therefor known to Seller, that questions the validity of the Agreement or
the right of Buyer to enter into the Agreement or to consummate the transactions contemplated by the Agreement, or that could result,
either individually or in the aggregate, in any Material Adverse Event, or any material change in the current equity ownership
of Buyer, including, without limitation, any action, proceeding, or investigation involving the prior employment or consultancy
of any of Buyer’s employees or consultants or their use of any information or techniques alleged to be proprietary to any
former employer of any such employee or consultant. There is no judgment, decree or order of any court in effect against Buyer
and Buyer is not in default with respect to any order of any governmental authority to which Buyer is a party or by which it is
bound. There is no action, suit, proceeding or investigation by Buyer currently pending or which Buyer presently intends to initiate.

 

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4.8Brokers and Finders. Buyer has not
retained any investment banker, broker or finder in connection with the transactions contemplated by this Agreement.

 

4.9Full Disclosure. The representations
and warranties of Buyer contained in this Agreement and the schedule hereto, when read together, do not contain any untrue statement
of a material fact or omit any material fact necessary to make the statements contained therein or herein in view of the circumstances
under which they were made not misleading.

 

5.CONDITIONS TO THE OBLIGATIONS OF
BUYER

 

Except as otherwise specifically set forth herein
or as contemplated by this Agreement, all obligations of Buyer under this Agreement are subject to the fulfillment, prior to or
at the Closing Date, of each of the following conditions:

 

5.1Representations and Warranties True at Closing.  The
representations and warranties of Seller contained in this Agreement shall be deemed to have been made again at and as of the Closing
Date and shall then be true in all material respects.

 

5.2Covenants Performed by Seller.  Each
of the obligations of Seller to be performed on or before the Closing Date pursuant to the terms of this Agreement shall have been
duly performed in all material respects.

 

5.3Material Changes in Business of Company.  Between
June 30, 2015 and the Closing Date there shall have been no Material Adverse Effect.

 

5.4No Action to Prevent Completion.  There
shall not have been instituted and be continuing or threatened any claim, action or proceeding which could have a Material Adverse
Effect, nor shall there have been instituted and be continuing or threatened any such claim, action or proceeding to restrain,
prohibit or invalidate, or to obtain damages in respect of, the transactions contemplated by this Agreement or which might affect
the right of Buyer after the Closing Date to own the Assets or to operate the Business.

 

    12

     

    

 

5.5Consents.  Seller and Buyer
shall have received all permits and authorizations necessary for the execution of this Agreement and the consummation of the transactions
contemplated by this Agreement. Seller shall have received consents to assign Contracts from all of the parties listed in Schedule 2.1.4.

  

5.6Delivery of Closing Documents.  Seller
shall have delivered to Buyer the closing documents required to be delivered in form and substance reasonably satisfactory to Buyer
and its counsel.

 

5.7Employment Arrangements. Seller’s
principal Brandon Vance shall have accepted employment with Buyer pursuant to terms which are reasonably acceptable to Buyer.

 

6.CONDITIONS TO THE OBLIGATIONS OF
SELLER 

 

Except as otherwise specifically set forth herein,
all obligations of Seller under this Agreement are subject to the fulfillment and satisfaction, prior to or at the Closing, of
each of the following conditions:

 

6.1Representations and Warranties True at the
Closing.  The representations and warranties of Buyer contained in this Agreement shall be deemed to have been
made again at and as of the Closing Date and shall then be true in all material respects.

 

6.2Covenants Performed by Buyer.  Each
of the obligations of Buyer to be performed on or before the Closing Date pursuant to the terms of this Agreement shall have been
duly performed in all material respects.

 

6.3Authority Relating to this Agreement.  All
corporate and other proceedings required to be taken by or on behalf of Buyer to authorize Buyer to execute, deliver and carry
out this Agreement, shall have been duly and properly taken.

 

6.4No Action to Prevent Completion.  There
shall not have been instituted and be continuing or threatened any action or proceeding by or before any court or other governmental
body to restrain, prohibit or invalidate, or to obtain damages in respect of, the transactions contemplated by this Agreement.

 

6.5Delivery of Closing Documents.  
Buyer shall have delivered to Seller the closing documents required to be delivered pursuant to Section 2.5.2, in form and
substance reasonably satisfactory to Seller and its counsel.

  

    13

     

    

 

7.EMPLOYMENT MATTERS

 

7.1Independent Contractors and Employees.  
Buyer shall have no liability for accrued wages (including salaries and commissions), severance pay, accrued vacation, sick leave
or other benefits, or employee agreements of any type or nature on account of Seller, retention of or termination of independent
contractors or employment of or termination of employees, and Seller shall indemnify Buyer and hold Buyer harmless against liability
arising out of any claims for such pay or benefits or any other claims arising from Seller’s retention of or employment of
or termination of such independent contractors or employees.

 

8.INDEMNITY AND SET-OFF

 

8.1Seller’s Indemnity.  The
Seller shall indemnify and hold harmless Buyer from and against any and all losses, costs, expenses, liabilities, obligations,
claims, demands, causes of action, suits, settlements and judgments of every nature, including the costs and expenses associated
therewith and reasonable attorneys’ fees (“Buyer’s Damages”) which arise out of: (i) the
breach by Seller of any representation or warranty made pursuant to this Agreement; (ii) the non-performance, partial or total,
of any covenant made pursuant to this Agreement; (iii) claims of any type or nature relating to the retention of the Business’
independent contractors or employment of the Business’ employees by Seller or any termination of such independent contractors
or employees..

 

8.2Buyer’s Indemnity.  
Buyer shall indemnify and hold harmless Seller from and against any and all losses, costs, expenses, liabilities, obligations,
claims, demands, causes of action, suits, settlements and judgments of every nature, including the costs and expenses associated
therewith and reasonable attorneys’ fees (“Seller’s Damages” and when used together with
or in the alternative to Buyer’s Damages, “Damages”), which arise out of: (i) the breach by
Buyer of any representation or warranty made by Buyer pursuant to this Agreement and (ii) the non-performance, partial or
total, of any covenant made by Buyer pursuant to this Agreement.

 

9.MISCELLANEOUS

 

9.1Assignment.  This Agreement
shall be binding upon and inure to the benefit of the successors and assigns of the parties; provided, however, that the rights
and duties of Seller under this Agreement may not be assigned without the written consent of the parties. Buyer may novate, in
whole or in part and to one or more affiliated parties, any of its rights or obligations under this Agreement.

 

9.2Allocation of Purchase Price.  Schedule 9.2
constitutes the allocation agreed to by Seller and Buyer of the Purchase Price among the various items included in the assets and
business being transferred by Seller to Buyer. Buyer and Seller shall file all tax returns and reports in a manner consistent with
Schedule 9.2. Schedule 9.2 is based upon and contains the information to be delivered by Buyer and Seller to the IRS
on Form 8594.

 

    14

     

    

  

9.3Confidentiality.  No party
hereto shall issue a press release or otherwise publicize the transactions contemplated by this Agreement or otherwise disclose
the nature or contents of this Agreement. No information, documents or reports provided to or obtained by any party in connection
with this transaction shall be disclosed to any non-party except as required in carrying out the transactions contemplated hereby.

  

9.4Expenses.  Each party will
pay its own costs and expenses, including legal and accounting expenses, related to the transactions provided for herein, irrespective
of when incurred. In the event of any legal action to enforce any of the obligations set forth in the Agreement, the prevailing
party shall be entitled to recover costs and reasonable legal fees.

 

9.5Further Assurances.  Seller
will from time to time subsequent to the Closing Date, at Buyer’s request and without further consideration, execute and
deliver such other instruments of conveyance, assignment and transfer and take such other actions as Buyer may reasonably request
in order more effectively to convey, assign, transfer to and vest in Buyer, the Assets and the right to operate the business of
Seller.

 

9.6Notices.  Any notice or
other communication required or permitted hereunder shall be in writing and shall be deemed to have been duly given on the date
of service if served personally or by facsimile, or five days after the date of mailing if mailed, by first class mail, registered
or certified, postage prepaid. Notices shall be addressed as follows:

 

	 	To
    Buyer at:	One
    Love Garden Supply
	 	 	 
	 	 	Attn:
    Michael Leago
	 	 	 
	 	 	One
    Love Garden Supply, LLC
	 	 	3620
    Walnut Street
	 	 	Boulder,
    CO 80301
	 	 	 
	 	With
    a copy to:	David
    G. LeGrand, Esq.
	 	 	Black
    & LoBello
	 	 	10777
    West Twain, Third Floor
	 	 	Las
    Vegas, Nevada 89135
	 	 	 
	 	To
    Seller at:	D&B
    Industries, LLC
	 	 	6721
    Beach Street – Unit F
	 	 	Denver,
    CO
	 	 	 
	 	With
    a copy to:	Frank
    Tsu, Esq.
	 	 	801
    E. 17th Avenue
	 	 	Denver,
    CO 80218

 

or
to such other address as a party has designated by notice in writing to the other party in the manner provided by this section.

 

    15

     

    

  

9.7Survival of Terms.  All
warranties, representations and covenants contained in this Agreement and any certificate or other instrument delivered by or on
behalf of the parties pursuant to this Agreement shall be continuous and shall survive the Closing for a period of two years.

 

9.8Governing Law.  This Agreement
shall be governed by and construed in accordance with the laws of the State of Colorado applicable to contracts entered into and
wholly to be performed in the State of Colorado by Colorado residents.

 

9.9Tax Matters.  The parties
acknowledge that they have each consulted their respective advisers regarding the tax consequences of the transactions contemplated
by this Agreement and have not relied upon any representation of any other party with respect to such matters. Buyer agrees that
for tax purposes the amounts payable under Section 2 will be treated by Buyer as payable and paid only on the date indicated.

 

9.10Severability.  If any
provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in
order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be
deemed valid and enforceable to the fullest extent possible.

 

9.11Headings.  The headings
appearing at the beginning of several sections contained herein have been inserted for the convenience of the parties and shall
not be used to determine the construction or interpretation of this Agreement.

 

9.12Counterparts. This Agreement may
be executed in counterparts, each of which shall be deemed an original, but both of which when taken together shall constitute
one and the same instrument.

 

9.13Entire Agreement and Modification.  This
Agreement constitutes and contains the entire agreement of the parties and supersedes any and all prior negotiations, correspondence,
understandings and agreements between the parties respecting the subject matter hereof. This Agreement may only be amended by written

 

    16

     

    

 

9.14Rule of Construction. The parties
to this Agreement agree to waive any application of the rule of construction which calls for any ambiguous terms to be interpreted
against the drafter.

 

9.15Arbitration. In the event of any
dispute or disagreement as to the interpretation of any provision of this Agreement or the performance of obligations hereunder,
the matter, upon written request of either party, shall be referred to representatives of the parties for decision. The representatives
shall promptly meet in a good faith effort to resolve the dispute. If the representatives do not agree upon a decision within
thirty (30) calendar days after reference of the matter to them, any controversy, dispute or claim arising out of or relating
in any way to this Agreement or the rights and obligations arising hereunder shall be settled exclusively by arbitration in the
City of Denver, Colorado. Such arbitration shall be administered by JAMS in accordance with its then prevailing expedited rules,
by one independent and impartial arbitrator selected in accordance with such rules. The arbitration shall be governed by the Uniform
Arbitration Act of 2000 as codified by Nevada Revised Statutes § 38.206 et. seq. The fees and expenses of JAMS and the arbitrator
shall be shared equally by the parties and advanced by them from time to time as required; provided that at the conclusion of
the arbitration, the arbitrator shall award costs and expenses (including the costs of the arbitration previously advanced and
the fees and expenses of attorneys, accountants and other experts) to the prevailing party. No pre-arbitration discovery shall
be permitted, except that the arbitrator shall have the power in his sole discretion, on application by any party, to order pre-arbitration
examination solely of those witnesses and documents that any other party intends to introduce in its case-in-chief at the arbitration
hearing. The parties shall instruct the arbitrator to render his award within thirty (30) days following the conclusion of the
arbitration hearing. The arbitrator shall not be empowered to award to any party any damages of the type not permitted to be recovered
under this Agreement in connection with any dispute between or among the parties arising out of or relating in any way to this
Agreement or the transactions arising hereunder, and each party hereby irrevocably waives any right to recover such damages. Notwithstanding
anything to the contrary provided in this section and without prejudice to the above procedures, (i) any party may apply to any
court of competent jurisdiction for temporary injunctive or other provisional judicial relief if such action is necessary to avoid
irreparable damage or to preserve the status quo until such time as the arbitrator is selected and available to hear such party’s
request for temporary relief; and (ii) Buyer shall have the right to apply to a court of competent jurisdiction for the specific
enforcement of Seller’s obligations under this Agreement. The award rendered by the arbitrator shall be final and not subject
to judicial review, and judgment thereon may be entered in any court of competent jurisdiction. The decision of the arbitrator
shall be in writing and shall set forth findings of fact and conclusions of law.

 

    17

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed as of the date first above written.

 

	
        SELLER:

          

         

         

         

        ___________________________

        D&B Industries, LLC, individually

         

         
	
        BUYER:

         

        

        One Love Garden Supply, LLC

        

        a Colorado limited liability company

          

        By: _____________________________

               Michael Leago, its Manager 

 

PARENT: Grow Solutions Holdings, Inc.

 

By ___________________________

     Jeffrey Beverly, President

 

    18

     

    

 

Schedule A-1

 

Debts

 

    

     

    

 

Schedule A-2

 

Royalty Interests

 

    2

     

    

 

Schedule 2.1

 

Assets

  

2.1.1  Inventories.

 

$23,000 of finished goods

 

2.1.2  Fixed assets and tangible personal property. Racks, shelves,
cash register, computers, furniture,

 

2.1.3  Intangible Personal Property. Software including Point of
Sale System, the name “Hygrow” and good will associated therewith.

 

2.1.4  Contracts.- NONE

  

    3

     

    

 

Schedule 3

 

Disclosures- No Litigation 

 

    4

     

    

 

Schedule 3.7

 

Financial Statements- NONE

 

    5

     

    

 

Schedule 3.9

  

Taxes

 

    6

     

    

 

Schedule 3.13

 

Employees and Consultants

 

    7

     

    

 

Schedule 3.14

  

Insurance Policies

 

    8

     

    

Schedule 9.2

 

Allocation of Purchase Price

See Attached Schedule IRS Form 8594

 

 

 

9

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