Document:

Contribution Agreement

SECTION 351 CONTRIBUTION AGREEMENT

THIS SECTION 351 CONTRIBUTION AGREEMENT, made as of the  24th  day of February 2014 by and among:

VITACIG, INC. a Nevada corporation with its principal office located at 800 Bellevue Way NE, Bellevue, WA 98004 (hereinafter “Company”);  and mCIG, INC., a corporation duly formed in the state of Nevada (hereinafter referred to as the “Contributing Party”)

WITNESSETH:

WHEREAS, the Contributing Party, who have taken part in the development of the Company’s business concept, having an interest in and to the business concept, pending contracts, and other assets both tangible and intangible; and

WHEREAS, the Company and the Contributing Party believe that it is in their best interests to combine their resources; and 

WHEREAS the Company and the Contributing Party have negotiated and reached certain understandings, herein delineated, which have been memorialized hereinafter, for which they desire this Contribution Agreement to formalize and evidence such understandings 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and intending to be legally bound, the parties have agreed as follows: 

1.

The Company currently has no shares of its Common Stock issued and outstanding; there are no series of Preferred Stock designated and no shares of Preferred Stock are issued and outstanding.  

2.

The Contributing Party hereby contributes to the Company and hereby transfers, sells, conveys, assigns and quitclaims to the Company all of his rights, title and interest in and to the business and business concept of the Company, listed under Schedule A, attached hereto.

 

3.

The Company and the Contributing Party acknowledge that they have negotiated at arms length over a period of time regarding this transaction prior to reaching this agreement.  This Contribution Agreement memorializes the understandings reached prior to and following the inception of VitaCig, Inc., and sets forth the complete agreement of the parties.  This Contribution Agreement supercedes any and all prior discussion and all oral and/or written understandings.  There are no representations or warranties made by any of the parties as an inducement to this Contribution Agreement except for those set forth in this Contribution Agreement, if any.

4.

This Contribution Agreement is intended to provide for a tax-free exchange between the contributor and the Company under Section 351 of the Internal Revenue Code and shall be construed to accomplish that result.

5.

This Contribution Agreement may not be terminated, amended, or otherwise modified except by a written agreement signed by all of the Parties to this Contribution Agreement and all parties so required by the Company’s bylaws at the time of such termination, amendment or modification, if any.

6.

If any provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effected during the terms of this Agreement in the state of Florida, such provision shall be fully severable from the remaining provisions of this Contribution Agreement, and it shall not affect the validity of the remaining provisions, which provisions shall be given full force and effect as if the illegal, unenforceable, or invalid provision had not been included in this Contribution Agreement.  In lieu of an illegal, unenforceable, or invalid provision, there shall be substituted a provision as similar in terms to the illegal, invalid, or unenforceable provision as may be possible and still be legal, valid and enforceable.

7.

This Contribution Agreement shall be construed and enforced in accordance with and governed by Florida law in existence on the date of this Contribution Agreement.

8.

The parties will execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Contribution Agreement.

9.

This Contribution Agreement shall be binding upon, and shall inure to the benefit of, the heirs, administrators, personal representatives, successors and assigns of the respective parties hereto.

10.

Any notice required or permitted to be given under this Contribution Agreement shall be sufficient if in writing, and if sent by certified mail to the address shown at the head of the Contribution Agreement or such alternative address as a party may provide in writing and delivered to the above listed address of the other parties hereto.

11.

The waiver by either party of a breach of any provision of this Contribution Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by such other party.

IN CONSIDERATION THEROF, intending to be legally bound, the parties have executed the Agreement to be effective on the  24th  day of February 2014.

ATTEST:

              VITACIG, INC.

________________________

By: 

/s/ Mark Linkhorst____________________ 

________________________

Mark Linkhorst, President

Contributors

Shares Received

/s/ Paul Rosenberg_________________

500,135,000

Paul Rosenberg, CEO

mCig, Inc.

SCHEDULE A

		
	Asset

	Description

	VitaCig Tademark

	The pending trademark application for “VitaCig” filed with USTO on 1/18/2014ex10-15.htm

Exhibit 10.15

 

DEBT FORGIVENESS AGREEMENT

 

This Debt Forgiveness Agreement ("Agreement"), entered into effective March 31, 2013, by and among Spiral Energy Tech., Inc. (formerly Solid Solar, Inc.) (the "Company"),  Clear Skies Solar, Inc. (“Clear Skies”) and Clear Skies’ wholly owned subsidiary Clear Skies Financial Corp. (“FC” and, together with Clear Skies, the “Seller”), in reference to the following:

 

WHEREAS, the parties entered into an agreement of sale  (the "Debt") dated as of December 9, 2011 (the “Agreement of Sale”) pursuant to which Company purchased from the Sellers a residential power plan solar customer agreement dated as of September 9, 2011 (the “Solar Agreement”) for the design, permitting, construction, installation, testing and activation of a solar photovoltaic system for a purchase price of Twenty Five Thousand Dollars ($25,000) (the “Purchase Price”) consisting of an initial payment of Ten Thousand Dollars ($10,000) and a final payment of Fifteen Thousand Dollars ($15,000) (the “Final Payment” or “Debt”);

 

WHEREAS, the Company has not paid the Sellers the Final Payment;

 

WHEREAS, subject to certain conditions contained herein, the Sellers have determined to forgive the Debt in its entirety; and

 

WHEREAS, Company has determined that the forgiveness of the Debt is in the best interest of Company.

 

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

 

1. Debt Forgiveness and Release of Collateral. Sellers hereby forgive the Debt in its entirety.

 

2. Representations and Warranties of Sellers. Sellers hereby severally and jointly represent and warrant to Company as follows:

 

	  	
a.

	
Organization and Standing. Sellers are each a corporation duly organized, validly existing and in good standing under the laws of the states of their jurisdictions.

 

	  	
b.

	
Authority. Sellers have full legal capacity and authority to enter into this Agreement and to perform the transactions contemplated herein. This Agreement is the legal, valid and binding obligation of Sellers and is enforceable in accordance with its terms.

 

	  	
c.

	
Litigation. There are no legal actions, suits, arbitration or other legal or administrative proceedings or governmental investigations pending or contemplated which would prevent the enforcement of this Agreement.

 

3. Representations and Warranties of Company. Company hereby represents and warrants to Sellers as follows:

 

	  	
a.

	
Organization and Standing. Company is a corporation duly organized, validly existing and in good standing under the laws of Nevada.

 

	  	
b.

	
Corporate Authority. Company has all the required corporate power and authority to enter into this Agreement and to perform the transactions contemplated herein. The execution and delivery by Company of this Agreement and the consummation of all transactions contemplated herein have been duly and validly authorized. This Agreement is the legal, valid and binding obligation of Company enforceable in accordance with its terms.

 

3. Survival of Representations and Warranties. All representations and warranties of each party shall survive after the conclusion of this Agreement.

 

4. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the New York, United States of America.

  

  

  

5. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the transactions contemplated herein, and may be amended or modified only by an instrument in writing signed by the parties hereto.

 

6. Notices. All notices and other communication to be given under or by reason of this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or by internationally recognized courier service, addressed as follows:

 

	
if to Sellers:

	
Clear Skies Solar, Inc.

	  	
3665 Merrick Road, Seaford, New York 11783

	  	
Clear Skies Financial Corp.

	  	
3665 Merrick Road, Seaford, New York 11783

	
if to Company:

	
Spiral Energy Tech., Inc.

	  	
3665 Merrick Road, Seaford, New York 11783

 

7. Legal Representation.  Each party hereto acknowledges that it has been represented by independent legal counsel in the preparation of this Agreement.  Each party hereby explicitly waives any conflict of interest and other allegations that it has not been represented by its own counsel.

 

  

  

  

 

IN WITNESS HEREOF, the parties hereto have executed this Agreement on the day and year first written above.

 

 

SELLERS:

 

Clear Skies Solar Inc.

 

By: /s/ Ezra Green

Name: Ezra Green

Title: Chief Executive Officer

 

 

Clear Skies Financial Corp.

 

By: /s/ Ezra Green

Name: Ezra Green

Title: Chief Executive Officer

 

 

COMPANY:

 

SPIRAL ENERGY TECH., INC.

 

By: /s/ Ezra Green

Name: Ezra Green

Title: Chief Executive Officer

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