Document:

Exhibit 10.16

 

FACTORING AND SECURITY AGREEMENT 

 

THIS FACTORING AND SECURITY AGREEMENT is
made as of February   29  , 2012 by and between CCS Environmental Worldwide Inc., a Delaware
Corporation, CSS Environmental Services Inc., a Delaware Corporation, Commonwealth Contracting Services LLC, a Massachusetts
limited liability company, and CCS Special Projects LLC, a Massachusetts limited liability company (each a "Seller")
and Midland American Capital Corporation, a Nevada corporation ("Purchaser").

 

1. Definitions and Index to Definitions. The following
terms used herein shall have the following meaning. All capitalized terms not herein defined shall have the meaning set forth in
the UCC:

 

1.1. "Acceptable Forums" — See
Section 31.1. hereof.

 

1.2. "Active Account Debtor"
— An Account Debtor of a Seller which owes a Purchased Account to Purchaser.

 

1.3. "Advance Rate" — 75%.

 

1.4. "Avoidance Claim" —
Any claim that any payment received by Purchaser is avoidable under the Bankruptcy Code or any other debtor relief statute.

 

1.5. "Base Fees" — The Initial
Fee and the Factoring Fee. 1.6. "Chosen State — New York.

 

1.7. "Clearance Days" —
Two business days for checks drawn on banks located within the Chosen State and for electronic funds transfers, and three business
days for all other payments.

 

1.8. "Closed" — A
Purchased Account is closed upon receipt of full payment by Purchaser from a Payor or from the a Seller (including its being charged
to that Seller's Reserve Account).

 

1.9. "Collateral"- All
of each Seller's now owned and hereafter acquired Accounts, Chattel Paper, Inventory, Equipment, Instruments, Investment Property,
Documents, Letter of Credit Rights, Commercial Tort Claims, and General Intangibles.

 

1.10. "Complete Termination"
— Complete Termination occurs upon satisfaction of the following conditions:

 

1.10.1. Payment in full of all Obligations
of each Seller to Purchaser;

 

1.10.2. If Purchaser has issued or caused
to be issued guarantees, promises, or letters of credit on behalf of one or more Sellers, acknowledgement from any beneficiaries
thereof that Purchaser or any other issuer has no outstanding direct or contingent liability therein.

 

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1.10.3. Each Seller has executed and delivered
to Purchaser a general release in the form of Exhibit 1.10.3. attached hereto.

 

1.11. "Early Termination Date"
— See Section 21. hereof 1.12. "Early Termination Fee" —None (waived).

 

1.13. "Eligible Account" —
An Account that is acceptable for purchase as determined by Purchaser in the exercise of its reasonable sole credit or business
judgment.

 

1.14. "Events of Default"
— See Section 18.3. 1.15. "Expedited Funding Fee" — $35.00.

 

1.16. "Exposed Payments" —
Payments received by Purchaser from or for the account of a Payor that has become subject to a bankruptcy proceeding, to the
extent such payments cleared the Payor's deposit account within ninety days of the commencement of said bankruptcy case.

 

1.17. "Face Amount" —
The face amount due on an Account at the time of purchase, less the Retainage.

 

1.18. "Factoring Fee" —
The Factoring Fee Percentage multiplied by the Face Amount of a Purchased Account, for each Factoring Fee Period or portion
thereof, that any portion thereof remains unpaid, computed from the end of the Initial Fee Period to and including the date on
which a Purchased Account is Closed.

 

1.19. "Factoring Fee Percentage"
—

 

1.19.1. 0.717% for Purchased Accounts other
than Overadvanced Accounts.

 

1.19.2. 0.734% for Overadvanced Accounts.

 

1.20. "Factoring Fee Period"
— 10 days.

 

1.21. "Initial Fee" —

 

1.21.1. 2.15% of the Face Amount for Purchased
Accounts other than Overadvanced Accounts.

 

1.21.2. 2.65% of the Face Amount for Overadvanced
Accounts. 1.22. "Initial Fee Period" — 30 days from the Purchase Date.

 

1.23. "Insolvency Date" —
The date on which Purchaser has reasonably determined that an Account Debtor has become Insolvent.

 

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1.24. "Insolvent" —
An Account Debtor has become Insolvent if it fails to pay a Purchased Account solely as a result of its financial inability
to pay. The burden of proof as to the insolvency of an Account Debtor shall rest solely on the Seller that sold such Account to
Purchaser, with it being presumed that at all relevant times an Account Debtor is not Insolvent.

 

1.25. "Invoice" — The
document that evidences or is intended to evidence an Account. Where the context so requires, reference to an Invoice shall be
deemed to refer to the Account to which it relates.

 

1.26. "Late Charge" — 0.25%
per day.

 

1.27. "Late Payment Date"
— Seventy-five days from the date on which a Purchased Account was Purchased.

 

1.28. "Maximum Amount" — $1,750,000.

 

1.29. "Minimum Advance Amount" —
$2,000. 1.30. "Minimum Funding Fee" —$100.

 

1.31. "Misdirected Payment Fee"
— 15% of the amount of any payment (but in no event less than $1,000) on account of a Purchased Account (and, after the
occurrence of an Event of Default, payments on accounts of any Account) which has been received by a Seller and not delivered in
kind to Purchaser on the next business day following the date of receipt by such Seller, or 30% of the amount of any such payment
which has been received by a Seller as a result of any action taken by a Seller to cause such payment to be made to a Seller. For
the purposes of this definition Seller shall include a Seller or an affiliate of a Seller.

 

1.32. "Missing Notation Fee" —
15% of the Face Amount.

 

1.33. "Obligations" —
All present and future obligations owing by any Seller to Purchaser whether arising hereunder or otherwise, and whether arising
before, during or after the commencement of any bankruptcy case in which a Seller is a Debtor.

 

1.34. "Overadvanced Account"
— Any Purchased Account for which Purchaser is retaining in the Reserve Account a portion of the Purchase Price that
is less than the Reserve Percentage multiplied by the Face Amount of such Purchased Account, at the request of Seller.

 

1.35. "Parties" — Each Seller
and Purchaser.

 

1.36. "Payor" — An
Account Debtor or other obligor on an Account, or entity making payment thereon for the account of such party.

 

1.37. "Purchase Date" —
The date on which a Seller has been advised in writing that Purchaser has agreed to purchase an Account, or if no such advice
is given the date on which Purchaser first remits funds to a Seller for such Account.

 

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1.38. "Purchase Price"—
The Face Amount of a Purchased Account less the Initial Fee. 1.39. "Purchased Accounts" — Accounts purchased
hereunder which have not been Closed.

 

1.40. "Repurchased"
— An Account has been repurchased when the Seller of such Account has paid to Purchaser the then unpaid Face Amount.

 

1.41. "Repurchased Account"
— See Section 7.1.3. hereof

 

1.42. "Required
Reserve Amount" — For each Seller, the Reserve Percentage multiplied by the unpaid balance of Purchased Accounts

 

1.43. "Reserve Account" —
A bookkeeping account on the books of the Purchaser representing the portion of the Purchase Price which has not been paid
by Purchaser to a Seller, maintained by Purchaser to ensure that Seller's performance with the provisions hereof

 

1.44. "Reserve Percentage"
— 25%.

 

1.45. "Reserve Shortfall"
— The amount by which a Reserve Account is less than the Required Reserve Amount.

 

1.46. "Retainage"
— The amount, if any, that an Account Debtor is permitted to retain on an Account until completion of the work to which
the Account relates.

 

1.47. "Schedule of Accounts"
— A form supplied by Purchaser from time to time wherein a Seller lists such of its Accounts as it requests that Purchaser
purchase under the -loans of this Agreement.

 

1.48. "Term" — A
one year period, computed from the date hereof

 

1.49. "Termination
Date" — The earlier of (i) the Early Termination Date, or (ii) the end of the last Term which was not followed by
an extension or renewal under Section 21. hereof

 

1.50. "UCC" — The
Uniform Commercial Code as adopted in the Chosen State.

 

		2.	Sale; Purchase Price; Billing

 

2.1. Assignment and Sale.

 

2.1.1. Each Seller shall offer to sell to
Purchaser as absolute owner, with full recourse, such of Seller's Accounts as are listed from time to time on Schedules of Accounts.

 

2.1.2. Upon purchase, Purchaser will assume
the risk of non-payment on Purchased Accounts, so long as (i) the cause of non-payment is solely due to an Account Debtor
becoming Insolvent, and (ii) the Account Debtor is not an Affiliate of Seller.

 

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2.1.3. Each Schedule of Accounts shall be
accompanied by such documentation regarding the Account, as Purchaser shall from time to time request, and such request may include
an acknowledgment of the Account by an Account Debtor or Payor satisfactory to Purchaser.

 

2.1.4. Purchaser may, but need not purchase
from a Seller such Accounts as Purchaser determines to be Eligible Accounts.

 

2.1.5. Purchaser does not intend to purchase
any Account which will cause the unpaid balance of Purchased Accounts to exceed the Maximum Amount.

 

2.1.6. Purchaser shall pay the Purchase
Price, of any Purchased Account, less any amounts due to Purchaser from the Seller of such Account, within one business day of
the Purchase Date, whereupon the Accounts shall be deemed purchased hereunder. In the event that Seller requests payment of the
Purchase Price on the Purchase Date, Seller shall immediately pay the Expedited Funding Fee to Purchaser.

 

2.1.7. Notwithstanding anything to the contrary
contained herein, Purchaser shall not make any payment to Seller in an amount less than the Minimum Advance Amount, except upon
the request of Seller, whereupon Seller shall pay the Minimum Funding Fee to Purchaser.

 

2.2. Buffing. Purchaser may send a monthly
statement to all Payors itemizing their account activity during the preceding billing period. All Payors will be instructed to
make payments to Purchaser.

 

		3.	Reserve Account.

 

3.1. Each Seller shall pay to Purchaser on demand
the amount of any Reserve Shortfall.

 

3.2. Purchaser shall, from time to time,
pay to each Seller any amount by which that Seller's Reserve Account exceeds its Required Reserve Amount, but in no event less
frequently than weekly, except upon termination of this Agreement or upon the occurrence of any Event of Default, whether or not
cured or waived, in which case the frequency of paying to a Seller the difference between the Reserve Account and the Required
Reserve Amount shall be at the discretion of Purchase.

 

3.3. Purchaser may charge the Reserve Account
of any Seller with any Obligation due from any Seller.

 

3.4. Purchaser may pay any amounts due
a Seller hereunder by a credit to that Seller's Reserve Account.

 

3.5. On the Insolvency Date, Purchaser
shall credit the Reserve Account with the unpaid Purchase Price of a Purchased Account (other than a Repurchased Account) owed
by an Insolvent Account Debtor.

 

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3.6. Purchaser shall purchase any Repurchased
Account on the Insolvency Date from the Seller that Repurchased such Account.

 

3.7. Purchaser may retain the Reserve Account
until Complete Termination.

 

		4.	Exposed Payments.

 

4.1. Upon termination of this Agreement
each Seller shall pay to Purchaser (or Purchaser may retain), to hold in a non-segregated non-interest bearing account the amount
of all Exposed Payments (the "Preference Reserve").

 

4.2. Purchaser may charge the Preference
Reserve with the amount of any Exposed Payments that Purchaser pays to the bankruptcy estate of the Payor that made the Exposed
Payment, on account of a claim asserted under Section 547 of the Bankruptcy Code.

 

4.3. Purchaser shall refund to the applicable
Seller from time to time that balance of the Preference Reserve for which a claim under Section 547 of the Bankruptcy Code can
no longer be asserted due to the passage of the statute of limitations, settlement with the bankruptcy estate of the Payor or otherwise.

 

5.Authorization for Purchases.

 

5.1. Subject to the terms and conditions
of this Agreement, Purchaser is authorized to purchase Accounts upon telephonic, facsimile or other instructions received from
anyone purporting to be an officer, employee or representative of a Seller.

 

		6.	Fees and Expenses. For each Purchased Account purchased hereunder, the Seller
of such Purchased Account shall pay to Purchaser:

 

6.1. Factoring Fee. The Factoring
Fee on the date on which such Purchased Account is Closed.

 

6.2. Misdirected Payment Fee. Any
Misdirected Payment Fee immediately upon its accrual. It is recognized that the costs imposed upon Purchaser by a Seller's action
or inaction resulting in the imposition of this fee are difficult to ascertain, and this fee represents the good faith effort to
compensate Purchaser without imposing upon the parties the expensive burden of litigating that cost, and is the agreed liquidated
damages with result therefrom.

 

6.3. Missing Notation Fee. The Missing
Notation Fee on any Invoice that is sent by a Seller to a Payor that does not contain the notice as required by Section 13.3. hereof
It is recognized that the costs imposed upon Purchaser by a Seller's action or inaction resulting in the imposition of this fee
are difficult to ascertain, and this fee represents the good faith effort to compensate Purchaser without imposing upon the parties
the expensive burden of litigating that cost, and is the agreed liquidated damages with result therefrom.

 

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6.4. Late Charge. The Late Charge,
on demand, on all past due amounts due to Purchaser hereunder.

 

6.5. Out-of-pocket Expenses. The
out-of-pocket expenses directly incurred by Purchaser in the administration of this Agreement such as wire transfer fees, postage
and audit fees. No Seller shall be required to pay for more than two audits per twelve-month period. Prior to an Event of Default,
the maximum charge per audit shall not exceed $350; after an Event of Default the maximum charge per audit shall not exceed $3750.

 

		7.	Repurchase Of Accounts. 

 

7.1. Purchaser may require that the Seller
of a Purchased Account to repurchase such Purchased Account, by payment of the then unpaid Face Amount thereof together with any
unpaid fees relating to the Purchased Account on demand as follows:

 

7.1.1. Notwithstanding
Insolvency. Notwithstanding an Account Debtor becoming Insolvent:

 

(a) Any Purchased Account:

 

(i) The payment of which has been disputed
by the Payor obligated thereon, Purchaser being under no obligation to deteiniine the bona fides of such dispute;

 

(ii) For which a Seller has breached any warranty
as set forth in the Section 15.4.

 

(b) Purchased Accounts
upon the occurrence of an Event of Default, or upon the termination date of this Agreement.

 

7.1.2. Absent Insolvency of an
Account Debtor. If an Account Debtor has not become Insolvent on or prior to the Late Payment Date, any Purchased Account which
remains unpaid beyond the Late Payment Date ("Repurchased Account").

 

7.1.3. Purchase
of Repurchased Account. Purchaser shall purchase any Repurchased Account from the applicable Seller on the Insolvency Date.

 

		8.	Security Interest.

 

8.1. As collateral
securing the Obligations, each Seller grants to Purchaser a continuing first priority security interest in the Collateral.

 

8.2. Notwithstanding
the creation of this security interest, the relationship of the parties shall be that of Purchaser and Sellers of accounts, and
not that of lender and borrower.

 

		9.	Clearance Days.

 

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9.1. For all purposes under this Agreement,
Clearance Days will be added to the date on which Purchaser receives any payment.

 

		10.	Authorization to Purchaser.

 

10.1. Each Seller irrevocably authorizes
Purchaser to exercise at any time any of the following powers until all of the Obligations have been paid in full:

 

10.1.1. Receive, take, endorse, assign,
deliver, accept and deposit, in the name of Purchaser or any Seller, the proceeds of any Collateral;

 

10.1.2. Take or bring, in the name of Purchaser
or any Seller, all steps, actions, suits or proceedings deemed by Purchaser necessary or desirable to effect collection of or other
realization upon Purchaser's Accounts;

 

10.1.3. With respect to any of the following
established or issued for the benefit of any Seller, either individually or as a member of a class or group, file any claim under
(i) any bond or (ii) under any trust fund.

 

10.1.4. Pay any sums necessary to discharge
any lien or encumbrance which is senior to Purchaser's security interest in any assets of any Seller, which sums shall be included
as Obligations hereunder, and in connection with which sums the Late Charge shall accrue and shall be due and payable;

 

10.1.5. File in the name of any Seller or Purchaser
or both:

 

(a) Mechanics lien or related notices,
or

 

(b) Claims under any payment bond, in connection
with goods or services sold by any Seller in connection with the improvement of realty;

 

10.1.6. Notify any Payor obligated with
respect to any Account, that the underlying Account has been assigned to Purchaser by a Seller and that payment thereof is to be
made to the order of and directly and solely to Purchaser;

 

10.1.7. Communicate directly with any Seller's
Payors to verify the amount and validity of any Account created by any Seller.

 

10.1.8. After an Event of Default:

 

(a) Change the address for delivery of
mail to Purchaser and to receive and open mail addressed to any Seller;

 

(b) Extend the time of payment of,
compromise or settle for cash, credit, return of merchandise, and upon any terms or conditions, any and all Accounts and discharge
or release any Account Debtor
or other obligor (including filing of any public record releasing any lien granted to any Seller by such Account Debtor), without
affecting any of the Obligations;

 

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10.1.9. File any initial financing statements and
amendments thereto that:

 

(a) Indicate the collateral as all assets
of each Seller or words of similar effect, regardless of whether any particular asset comprised in the collateral falls within
the scope of Article 9 of the UCC, or as being of an equal or lesser scope or with greater detail;

 

(b) Contain any other infoimation required
by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including
(i) whether a Seller is an organization, the type of organization, and any organization identification number issued to the Seller
and, (ii) in the case of a financing statement filed as a fixture filing or indicating collateral as as-extracted collateral or
timber to be cut, a sufficient description of real property to which the collateral relates; and

 

(c) Contain a notification that a Seller
has granted a negative pledge to the Purchaser, and that any subsequent lienor may be tortuously interfering with Purchaser's rights;

 

10.1.10. Advise third parties that any notification
of a Seller's Account Debtors will interfere with Purchaser's collection rights.

 

10.1.11. File any Correction Statement in
the name of any Seller under Section 9-518 of the UCC that Purchaser reasonably deems necessary to preserve its rights hereunder.

 

10.2. Each Seller authorizes Purchaser
to accept, endorse and deposit on its behalf any checks tendered by an Account Debtor "in full payment" of its obligation
to such Seller. No Seller shall assert against Purchaser any claim arising therefrom, irrespective of whether such action by Purchaser
effects an accord and satisfaction of a Seller's claims, under Section 3-311 of the UCC, or otherwise.

 

		12.	ACH Authorization.

 

11.1. In order to satisfy any of the Obligations,
each Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system to any deposit account maintained
by any Seller.

 

		12.	Guaranties.

 

12.1. The Sellers shall cause the Obligations
to be continuously guaranteed by Urban AG. Corp., a Delaware corporation, and such guarantee shall be evidenced by a writing satisfactory
to Purchaser.

 

12.2. The Sellers
shall cause Obligations to be continuously supported by a letter of credit in an amount of $1,000,000 issued by a financial institution
acceptable to Purchaser, and such letter of credit shall be in form and substance satisfactory to Purchaser.

 

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12.3. Each Seller shall continuously guarantee
the perfoimance hereunder of all other Sellers. Such guarantee shall be evidenced by a writing satisfactory to Purchaser.

 

		13.	Covenants By Sellers.

 

13.1. After written notice by Purchaser
to any Seller, and automatically, without notice, after an Event of Default, no Seller shall not (a) grant any extension of time
for payment of any of its Accounts, (b) compromise or settle any of its Accounts for less than the full amount thereof, (c) release
in whole or in part any Payor, or (d) grant any credits, discounts, allowances, deductions, return authorizations or the like with
respect to any of the Accounts.

 

13.2. From time to time as requested by
Purchaser, Purchaser or its designee shall have access, during reasonable business hours if prior to an Event of Default and at
any time if on or after an Event of Default, to all premises where Collateral is located for the purposes of inspecting (and removing,
if after the occurrence of an Event of Default) any of the Collateral, including any Seller's books and records, and each Seller
shall permit Purchaser or its designee to make copies of such books and records or extracts therefrom as Purchaser may request,
and the Sellers shall pay all of Purchaser's expenses relating thereto. Without expense to Purchaser, Purchaser may use any of
any Seller's personnel, equipment, including computer equipment, programs, printed output and computer readable media, supplies
and premises for the collection of Accounts and realization on other Collateral as Purchaser, in its sole discretion, deems appropriate.
Each Seller hereby irrevocably authorizes all accountants and third parties to disclose and deliver to Purchaser at all fmancial
information, books and records, work papers, management reports and other information in their possession relating to a Seller,
and to charge any Seller any expenses relating thereto.

 

13.3. Before sending any Invoice to an
Account Debtor, each Seller shall mark same with such notice of assignment as Purchaser may require.

 

13.4. Each Seller shall pay when due all
payroll and other taxes, and shall provide proof thereof to Purchaser in such form as Purchaser shall reasonably require.

 

13.5. No Seller shall not create, incur,
assume or permit to exist any lien upon or with respect to any assets in which Purchaser now or hereafter holds a security interest.

 

13.6. Notwithstanding a Seller's obligation
to pay the Misdirected Payment Fee, each Seller shall pay to Purchaser on the next banking day following the date of receipt by
the Seller the amount of:

 

13.6.1. Any payment on account of a Purchased Account.

 

13.6.2. After the occurrence of an Event
of Default, any payment on account of any Account.

 

13.7. Avoidance Claims.

 

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13.7.1. Each Seller shall indemnify Purchaser
from any loss arising out of the assertion of any Avoidance Claim other than such claims that relate to Purchased Accounts that
are owed by an Account Debtor which was Insolvent at the time the subject payment was received by Purchaser, and shall pay to Purchaser
on demand the amount thereof.

 

13.7.2. Each Seller shall notify Purchaser
within two business days of it becoming aware of the assertion of an Avoidance Claim.

 

13.7.3. This provision shall survive termination
of this Agreement.

 

		14.	Account Disputes.

 

14.1. Each Seller shall notify Purchaser
promptly of and, if requested by Purchaser, will settle all disputes concerning any Purchased Account, at such Seller's sole cost
and expense. Purchaser may, but is not required to, attempt to settle, compromise, or litigate (collectively, "Resolve")
the dispute upon such teims, as Purchaser in its sole discretion deem advisable, for such Seller's account and risk and at such
Seller's sole expense. Upon the occurrence of an Event of Default Purchaser may Resolve such issues with respect to any Account
of any Seller.

 

15. Representation
and Warranties. Each Seller represents and warrants that: 15.1. It is fully authorized to enter into this Agreement
and to perform hereunder; 15.2. This Agreement constitutes its legal, valid and binding obligation; and 15.3. it is solvent and
in good standing in the jurisdiction of its organization. 15.4. The Purchased Accounts are and will remain:

 

15.4.1. Bona fide existing obligations created
by the sale and delivery of goods or the rendition of services in the ordinary course of Seller's business;

 

15.4.2. To the best of Seller's knowledge,
unconditionally owed and will be paid to Purchaser without defenses, disputes, offsets, counterclaims, or rights of return or cancellation,
other than Accounts owed by an Account Debtor which was Insolvent.

 

15.4.3. Not sales to any entity that is
affiliated with Seller or in any way not an "arms length" transaction.

 

15.5. No Seller has not received notice
or otherwise learned of actual or imminent bankruptcy, insolvency, or material impairment of the fmancial condition of any applicable
Account Debtor regarding Purchased Accounts.

 

		16.	Indemnification.

 

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16.1. Each Seller agrees to indemnify Purchaser
against and save Purchaser hannless from any and all manner of suits, claims, liabilities, demands and expenses (including reasonable
attorneys' fees and collection costs) resulting from or arising out of this Agreement, and resulting from or arising out of acts
or omissions by any Seller or any Account Debtor, whether directly or indirectly, including the transactions or relationships contemplated
hereby (including the enforcement of this Agreement), and any failure by any Seller to perform or observe its obligations under
this Agreement.

 

		17.	Disclaimer of Liability.

 

17.1. In no event will Purchaser be liable
to any Seller for any lost profits, lost savings or other consequential, incidental or special damages resulting from or arising
out of or in connection with this agreement, the transactions or relationships contemplated hereby or purchaser's performance or
failure to perform hereunder, even if purchaser has been advised of the possibility of such damages.

 

		18.	Default.

 

18.1. Events of Default. The following
events will constitute an Event of Default hereunder: (a) any Seller defaults in the payment of any Obligations or in the performance
of any provision hereof or of any other agreement now or hereafter entered into with Purchaser, or any warranty or representation
contained herein proves to be false in any way, howsoever minor, (b) any Seller or any guarantor of the Obligations becomes subject
to any debtor-relief proceedings, (c) any such guarantor fails to perfoim or observe any of such Guarantor's obligations to Purchaser
or shall notify Purchaser of its intention to rescind, modify, teiminate or revoke any guaranty of the Obligations, or any such
guaranty shall cease to be in full force and effect for any reason whatever, and (d) Purchaser for any reason, in good faith, deems
itself insecure with respect to the prospect of repayment or performance of the Obligations.

 

18.2. Waiver of Notice. PURCHASER'S
FAILURE TO CHARGE OR ACCRUE INTEREST OR FEES AT ANY "DEFAULT" OR "PAST DUE" RATE SHALL NOT BE DEEMED A WAIVER
BY PURCHASER OF ITS CLAIM THERETO.

 

18.3. Effect of Default.

 

18.3.1. Upon the occurrence of any Event
of Default, in addition to any rights Purchaser has under this Agreement or applicable law, Purchaser may immediately teiininate
this Agreement, at which time all Obligations shall immediately become due and payable without notice.

 

18.3.2. The Late Charge shall accrue and
is payable on demand on any Obligation not paid when due.

 

		19.	Account Stated.

 

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19.1. Purchaser shall render to each Seller
a statement setting forth the transactions arising hereunder. Each statement shall be considered correct and binding upon each
Seller as an account stated, except to the extent that Purchaser receives, within sixty days after the mailing of such statement,
written notice from one or more Sellers of any specific exceptions to that statement, and then it shall be binding against each
Seller as to any items which has not objected.

 

		20.	Amendment and Waiver.

 

20.1. Only a writing signed by all parties
hereto may amend this Agreement. No failure or delay in exercising any right hereunder shall impair any such right that Purchaser
may have, nor shall any waiver by Purchaser hereunder be deemed a waiver of any default or breach subsequently occurring. Purchaser's
rights and remedies herein are cumulative and not exclusive of each other or of any rights or remedies that Purchaser would otherwise
have.

 

		21.	Termination; Effective Date.

 

21.1. This Agreement will be effective
on the date it is signed by the Parties, shall continue for the Term, and shall be automatically extended for successive Terms
unless each Seller shall provide written notice to Purchaser of Sellers' shared intention to terminate whereupon this Agreement
shall terminate on the effective date specified in such notice of termination (such effective date being the "Early Termination
Date").

 

21.2. All Obligations shall be due and payable on
the Termination Date.

 

		22.	No Lien Termination without Release.

 

22.1. In recognition of the Purchaser's
right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding
payment in frill of all Obligations by Sellers, Purchaser shall not be required to record any terminations or satisfactions of
any of Purchaser's liens on the Collateral unless and until Complete Termination has occurred. Each Seller understands that this
provision constitutes a waiver of its rights under Section 9-513 of the UCC.

 

		23.	Conflict.

 

23.1. If a conflict
exists between the provisions of this Agreement and the provisions of any other agreement, the provisions of this Agreement shall
control.

 

		24.	Severability.

 

24.1. In the event any one or more of the
provisions contained in this Agreement is held to be invalid, illegal or unenforceable in any respect, then such provision shall
be ineffective only to the extent of such prohibition or invalidity, and the validity, legality, and enforceability of the remaining
provisions contained herein shall not in any way be affected or impaired thereby.

 

		25.	Relationship of Parties.

 

    	Page 13 of 20

    	 

    

25.1. The relationship of the parties hereto
shall be that of Seller and Purchaser of Accounts, and Purchaser shall not be a fiduciary of any Seller, although a Seller may
be a fiduciary of the Purchaser.

 

		26.	Attorneys' Fees. Each Seller agrees to reimburse Purchaser on demand for:

 

26.1. The actual amount of all costs and
expenses, including attorneys' fees, which Purchaser has incurred or may incur in:

 

26.1.1. Negotiating, preparing, or administering
this Agreement and any documents prepared in connection herewith, including the documents referred to in Section 12. hereof;

 

26.1.2. Connection with any dispute with
Purchaser, an Account Debtor a person guaranteeing this Agreement or any of their respective agents, representatives, subcontractors,
employees or officers;

 

26.1.3. Protecting, preserving or enforcing
any lien, security or other right granted by Seller to Purchaser or arising under applicable law, whether or not suit is brought,
including but not limited to the defense of any Avoidance Claims or the defense of Purchaser's lien priority;

 

26.2. The actual costs, including photocopying
(which, if performed by Purchaser's employees, shall be at the rate of $.10/page), travel, and attorneys' fees and expenses incurred
in complying with any subpoena or other legal process in any way relating to a Seller. This provision shall survive termination
of this Agreement.

 

26.3. The actual amount of all costs and
expenses, including attorneys' fees, which Purchaser may incur in enforcing this Agreement and any documents prepared in connection
herewith, or in connection with any federal or state insolvency proceeding commenced by or against any Seller, including those
(i) arising out the automatic stay, (ii) seeking dismissal or conversion of the bankruptcy proceeding or (ii) opposing confirmation
of any Seller's plan there under.

 

		27.	Joint and Several Obligation.

 

27.1. Each Seller is directly, jointly,
and severally with all other Sellers liable to Purchaser for the Obligations.

 

		28.	Entire Agreement.

 

28.1. No promises of any kind have been
made by Purchaser or any third party to induce any Seller to execute this Agreement. No course of dealing, course of performance
or trade usage, and no parole evidence of any nature, shall be used to supplement or modify any terms of this Agreement.

 

		29.	Choice of Law.

 

    	Page 14 of 20

    	 

    

 

 

29.1. This Agreement and all transactions contemplated hereunder
and/or evidenced hereby shall be governed by, construed under, and enforced in accordance with the internal laws of the Chosen
State.

 

		30.	Jury Trial Waiver.

 

30.1. IN RECOGNITION OF THE HIGHER COSTS
AND DELAY WHICH MAY RESULT FROM A JURY TRIAL, THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION (A) ARISING HEREUNDER, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT
OR TORT OR OTHERWISE; AND EACH PARTY FURTHER WAIVES ANY RIGHT TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED
WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY HERETO MAY FILE
AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

		31.	Venue; Jurisdiction.

 

31.1. Any suit, action or proceeding arising
hereunder, or the interpretation, performance or breach hereof, shall, if Purchaser so elects, be instituted in any court sitting
in the Chosen State, in the city in which Purchaser's chief executive office is located, or if none, any court sitting in the Chosen
State (the "Acceptable Forums"). Each Seller agrees that the Acceptable Forums are convenient to it, and submits to the
jurisdiction of the Acceptable Forums and waives any and all objections to jurisdiction or venue. Should such proceeding be initiated
in any other forum, each Seller waives any right to oppose any motion or application made by Purchaser to transfer such proceeding
to an Acceptable Forum.

 

		32.	Time of the Essence.

 

32.1. It is agreed that time is of the essence in
all matters herein.

 

		33.	Service of Process.

 

33.1. Each Seller agrees that Purchaser
may effect service of process upon any Seller by regular mail at the address set forth herein or at such other address as may be
reflected in the records of Purchaser, or at the option of Purchaser by service upon a Seller's agent for the service of process.

 

    	Page 15 of 20

    	 

    

		34.	Assignment.

 

34.1. Purchaser may assign its rights and
delegate its duties hereunder. Upon such assignment, each Seller shall be deemed to have attomed to such assignee and shall owe
the same obligations to such assignee and shall accept performance hereunder by such assignee as if such assignee were Purchaser.

 

		35.	Counterparts.

 

35.1. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect as if all signatures were upon the same instrument.
Delivery of an executed counterpart of the signature page to this Agreement by facsimile shall be effective as delivery of a manually
executed counterpart of this Agreement, and any party delivering such an executed counterpart of the signature page to this Agreement
by facsimile to any other party shall thereafter also promptly deliver a manually executed counterpart of this Agreement to such
other party, provided that the failure to deliver such manually executed counterpart shall not affect the validity, enforceability,
or binding effect of this Agreement.

 

		36.	Notice.

 

36.1. All notices required to be given
to any party other than Purchaser shall be deemed given upon the first to occur of (i) deposit thereof in a receptacle under the
control of the United States Postal Service, (ii) transmittal by electronic means to a receiver under the control of such party,
or (iii) actual receipt by such party or an employee or agent of such party. All notices to Purchaser shall be deemed given upon
actual receipt by a responsible officer of Purchaser.

 

36.2. For the purposes hereof, notices
hereunder shall be sent to the following addresses, or to such other addresses as each such party may in writing hereafter indicate:

 

ANY SELLER

 

	Address:	203 Spark Street
	 	Brockton, MA 02302
	Officer:	Marc Bourassa, President
	Email address:	mbourassa@ccsenvironmental.com

 

PURCHASER

 

	Address:	90 Merrick Avenue
	 	East Meadow, NY 11554
	Officer:	Dan Demonte, Vice President
	Email address:	dan.demonte@midlandamericancap ital.com

 

 

    	Page 16 of 20

    	 

    

 

 

[signature pages follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

IN WITNESS WHEREOF,
the Parties have executed this agreement on the day and year first above written.

 

SELLERS:

 

	` 	CCS Environmental Worldwide Inc.	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

	` 	CCS Environmental Services Inc.	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

	` 	Commonwealth Contracting Services LLC	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

	` 	CCS Special Projects LLC	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

 

    	Page 17 of 20

    	 

    

PURCHASER:

	` 	Midland American Capital Corporation 
	 	 	 	 
	 	By:	/s/ Richard Loeffler	 
	 	 	Name: Richard Loeffler	 
	 	 	President	 
	 	 	Title: Executive Vice President 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	Page 18 of 20

    	 

    

 

 

EXHIBIT 1.10.3.

 

GENERAL RELEASE 

 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy
of which are hereby acknowledged, the undersigned and each of them (collectively "Releasor") hereby forever releases,
discharges and acquits Midland American Capital Corporation

 

("Releasee"), its parent, directors, shareholders,
agents and employees, of and from any and all claims of every type, kind, nature, description or character, and irrespective of
how, why, or by reason of what facts, whether heretofore existing, now existing or hereafter arising, or which could, might, or
may be claimed to exist, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated,
each as though fully set forth herein at length, to the extent that they arise out of or are in way connected to or are related
to that certain Factoring and Security Agreement dated February  2  , 2012.

 

Releasor agrees that the matters released
herein are not limited to matters which are known or disclosed, and the Releasor waives any and all rights and benefits which it
now has, or in the future may have.

 

Releasor acknowledges that factual matters
now unknown to it may have given or may hereafter give rise to Claims which are presently unknown, unanticipated and unsuspected,
and it acknowledges that this Release has been negotiated and agreed upon in light of that realization and that it nevertheless
hereby intends to release, discharge and acquit the Releasee from any such unknown Claims.

 

Acceptance of this Release shall not be
deemed or construed as an admission of liability by any party released.

 

In the event of any litigation arising
out of or related to this Release, the prevailing party shall recover its reasonable attorney's fees and expenses from the unsuccessful
party. It shall be presumed (subject to rebuttal only by the introduction of competent evidence to the contrary) that the amount
recoverable is the amount billed to the prevailing party by its counsel and that such amount will be reasonable if based on the
billing rates charged to the prevailing party by its counsel in similar matters.

 

Releasor acknowledges that either (a) it
has had advice of counsel of its own choosing in negotiations for and the preparation of this release, or (b) it has knowingly
determined that such advice is not needed.

 

 

	DATED: February 29, 2012	CCS Environmental Worldwide Inc.	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Printed Name: Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

 

    	Page 19 of 20

    	 

    

 

 

	` 	CCS Environmental Services Inc.	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Printed Name: Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

	` 	
        Commonwealth Contracting Services LLC

         

	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Printed Name: Marc Bourassa	 
	 	 	President	 
	 	 	 	 

 

	` 	CCS Special Projects LLC	 
	 	 	 	 
	 	By:	/s/ Marc Bourassa	 
	 	 	Printed Name: Marc Bourassa	 
	 	 	PresidentExhibit 10.17

 

STOCK PURCHASE AGREEMENT

 

 

By and among

DISTRESSED ASSET ACQUISITIONS INC.

as the Buyer,

URBAN AGRICULTURAL CORP

as the,

Seller

 

 

As of

March 31, 2012

 

 

    	 

    	 	 

    
 

 

TABLE OF CONTENTS

 

	 	 	Page
	Section 1.	Sale and Purchase of the Stock.	1
	Section 2.	Closing.	1
	Section 3.	Purchase Price.	2
	Section 4.	Representations and Warranties of the Seller	2
	Section 5. 	Representations and Warranties of the Buyer.	4
	Section 6. 	Survival of Representations and Warranties; Indemnification	6
	Section 7. 	Confidentiality	6
	Section 8. 	The Incorporated's Covenants Prior to Close	7
	Section 9. 	Conditions Precedent to the Obligation of the Buyer to Close	9
	Section 10. 	Conditions Precedent to the Obligations of Seller and the Incorporated to Close	10
	Section 11. 	Termination	10
	Section 12. 	The Buyer's Obligations at Closing.	10
	Section 13. 	The Sellers' Obligations at Closing	10
	Section 14. 	Subsequent Events.	11
	Section 15. 	Parties in Interest	11
	Section 16. 	Entire Agreement	11
	Section 17. 	Governing Law	11
	Section 18. 	Expenses	11
	Section 19. 	Arbitration	11
	Section 20. 	Consent to Jurisdiction; Waiver of Jury Trial	11
	Section 21. 	Severability	12
	Section 22. 	Notices	12
	Section 23. 	Non-Waivers	13
	Section 24. 	Assignment	13
	Section 25. 	Miscellaneous	13
	Section A	Liens and Licenses 	 
	Exhibit A	Bill of Sale	 

 

    	i

    	 	 

    
 

STOCK PURCHASE AGREEMENT

THIS STOCK PURCHASE AGREEMENT (this "Agreement"), dated as of March 31,
2012, is entered into by and among Urban Agricultural Corp "UAC" (the "Corporation" or the "Seller"),
a Delaware corporation (the "Corporation") and Distressed Asset Acquisitions Inc. , a Georgia corporation (the "Buyer").

W I T N E S S E T H:

WHEREAS, the
Seller owns Stock of Urban Agricultural Corporation, a Delaware corporation; and

WHEREAS,
the Seller wishes to sell and the Buyer wishes to purchase 100% of the outstanding stock on the terms and subject to the conditions
set forth in this Agreement.

NOW, THEREFORE,
in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

Section 1.Sale and Purchase of the
stock.

(a)Upon
the terms and subject to the conditions set forth in this Agreement, at the Closing (as hereinafter defined), the Seller shall
sell, transfer and deliver to the Buyer the STOCK as set forth in the Bill of Sale attached hereto as Exhibit A owned by
it, and the Buyer shall purchase from the Seller the STOCK. All of which shall be transferred to the Buyer free and clear of all
liens, mortgages, deeds of trust, security interests, pledges, charges, encumbrances, liabilities and claims of every kind, except
those contemplated by the terms of this Agreement or arising under applicable federal and state securities laws.

(b)Seller
is selling and Buyer is purchasing and shall acquire any right, title, or interest of Seller in or to 100% of the STOCK of the
Corporation.

(c)Assumption
of Liabilities. It is understood and agreed by the parties hereto that the STOCK will be sold, conveyed, transferred and assigned
to the Buyer at the Closing free and clear of all liens, charges and encumbrances whatsoever, and it is further understood and
agreed by the parties hereto that the Buyer assumes, accepts and undertakes any and all obligations, commitments, duties, debts
or liabilities of any kind pursuant to this Agreement.

Section 2.Closing.

The closing
of the sale and purchase of the Stock provided for in Section 1 of this Agreement (the "Closing") shall take place at
the offices of Lang Legal LLC, Atlanta, Georgia , at such date and time as may be agreed to by the parties. The deliveries to
be made by each of the parties at the Closing are specified in Sections 12 and 13 below. 

 

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Section 3.Purchase Price.

In consideration for Seller's sale
of the STOCK to the Buyer, the Seller will receive $100.00 and the assumption of liabilities as expressed in the Balance Sheet
(exhibit B) which shall be referred to herein as the "Purchase Price."

 

Free Representations and
Warranties of the Seller. The representations and warranties of the Seller to the Buyer are as set forth in this Section
4.

(a)Seller hereby represents and warrants
to the Buyer as of the date hereof and against as of the Closing Date, as follows:

(i)Organization;
Good Standing. The Corporation is a corporation duly organized, validly existing and in good standing with the laws of the
State of Delaware.

(ii)Ownership
of STOCK. Seller is the owner, beneficially and of record, of the STOCK set forth on the Bill of Sale attached hereto as EXHIBIT
A. The STOCK is not pledged, mortgaged or otherwise encumbered in any way and there is no lien, mortgage, charge,
claim, liability, security interest or encumbrance of any nature against the STOCK. At the Closing, the Seller shall have good
and marketable title to the Seller's STOCK and full right to transfer title to such STOCK, subject to any restrictions imposed
by state or federal securities laws, free and clear of all liens, mortgages, charges, liabilities, claims, security interests or
encumbrances of every type whatsoever. The sale, conveyance, transfer and delivery of the STOCK by the Seller to the Buyer pursuant
to this Agreement, against payment therefor in accordance with the terms hereof, will transfer full legal and equitable right,
title and interest in the STOCK to the Buyer, free and clear of all liens, mortgages, charges, claims, liabilities, security interests
and encumbrances of any nature whatsoever other than as contemplated by this Agreement (Exhibit B) and the other agreements and
instruments to be entered into in connection with the transactions contemplated hereby (the "Other Agreements").

(iii)Capacity.
Seller has full capacity to enter into and perform its respective obligations under this Agreement and all Other Agreements to
which it is a party, and to consummate such transactions. No consent of any other persons other than the Corporation is required
to be obtained by Seller as a condition to its ability to consummate such transactions. This Agreement and each of the Other Agreements
to which Seller is a party have been duly executed and delivered by Seller. This Agreement and each of the Other Agreements to
which Seller is a party constitute the legal, valid and binding obligation of Seller enforceable against Seller in accordance with
their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and
similar laws affecting creditors' rights generally or by general equitable principles.

(iv)Legal
Proceedings

(A)The Seller is not a party to any pending litigation, arbitration, administrative proceeding or to any investigation
related to the business of the Corporation other than the investigation by the U.S. Securities and Exchange Commission ("SEC")
publicly disclosed by the Seller, and no such litigation, arbitration, administrative proceeding
or investigation other than that of the SEC that, if adversely decided, would result in a material adverse change in the STOCK.

 

    	2

    	 	

    
 

(B)The
Seller has received no written notice of any claim (whether on whatever theory) relating directly or indirectly to the STOCK asserting that the Corporation is liable for an alleged deficiency
in such product or services that, if adversely decided, would result in a material adverse change in the STOCK.

(C)The
Corporation is under no obligation with respect to the return of goods in the possession of customers except for those occurring in the ordinary course of business, which are not in the aggregate
material to the Corporation's business, or against which the Corporation has established a reserve on its financial statements.

(v)Encumbrances.
There are no liens, mortgages, deeds of trust, claims, charges, security interests or other encumbrances or liabilities of any type whatsoever to which any of the STOCK are subject,
except for those (A) arising in the ordinary course of business or by operation of law, and/or (B) which do not materially interfere
with the ownership or operation of the STOCK.

(vi)Intellectual
Property. Seller is entitled to dispose of all right, title, and interest in and to its intellectual property free and clear of all Liens other than as set forth on Schedule A attached
hereto, No intellectual property is now threatened with claims or litigation with respect to any of the STOCK. To the best of the
Seller's knowledge, none of the intellectual property infringes or has been alleged to infringe upon intellectual property of any
third party.

(vii)Material
Contracts.

(A)No agreement, contract, commitment, obligation
or undertaking listed on the Schedules hereto which the Incorporated is a party or by which it or any of its properties is bound,
contains any provision, the performance of which materially adversely affects the STOCK, following the date hereof.

(viii)Default;
Violations or Restrictions.The execution, delivery and performance of this Agreement by the Corporation, and
the consummation of any of the transactions contemplated hereby or thereby will not (or with the giving of notice or the
lapse of time or both would) (A) result in the breach of any term or provision of the Certificate of Incorporation or By-laws
of the Corporation; or (B) violate any provision of or result in the breach of, or constitute a default under any law, order,
writ, injunction, decree, statute, rule or regulation of any court, governmental agency or arbitration tribunal applicable to
the Corporation (other than such violations, breaches or defaults that would not result in a material adverse effect on
the Corporation); or (C) violate any provision of or result in the breach of, modification of, acceleration of the maturity
of obligations under, or constitute a default, or give rise to any right of termination, cancellation, acceleration or
otherwise be in conflict with or result in a loss of material contractual benefits to the Corporation under any of the
terms, conditions or provisions of any contract, lease, note, bond, mortgage, deed of trust, indenture, license, security
agreement, agreement or other instrument or obligation to which the Corporation is a party or
by which it is bound (other than such violations, breaches, modifications, defaults or conflicts that would not result in
a material adverse effect on the Corporation); or (D) require any consent, approval or notice under any law, rule or
decree, document or instrument (other than where the failure to obtain such consent or approval, or give such notice, would
not result in a material adverse effect on the Corporation); or (E) result in the creation or imposition of any lien,
claim, restriction, charge or encumbrance upon the Corporation's STOCK (other than such liens, claims, restrictions, charges
or encumbrances that would not, in the aggregate, have a material adverse effect on the Corporation).

 

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(ix)Court
Orders and Decrees. Except as set forth in the Corporation's Periodic Reports filed with the Securities and Exchange Commission,
the Corporation has not received written or oral notice that there is outstanding, pending, or threatened any order, writ, injunction
or decree of any court, governmental agency or arbitration tribunal against the Corporation or involving the Stock or any of the
Corporation's material STOCK.

(x)Rights
of Third Parties. The Corporation has not entered into any material leases, licenses, easements or other agreements, recorded
or unrecorded, granting rights to third parties in the STOCK of the Corporation, and no person has any right to possession, use
or occupancy of any of the property of the Corporation.

(xi)Brokers
and Finders.

No Person
has been authorized by Seller, or by anyone acting on behalf of Seller, or any of its officers, directors, employees or trustees,
to act as a broker, finder or in any other similar capacity in connection with the transactions contemplated by this Agreement
in such a manner as to give rise to any valid claim against Buyer or Seller for any broker's or finder's fee or commission or similar
type of compensation (excluding broker's commissions for the sale of the Brands).

(xii)Accuracy.

No representation,
warranty, covenant or statement by the Seller in this Agreement, including any Schedules and Exhibits attached hereto and the certificates
furnished or to be furnished to the Buyer pursuant hereto, contains or will contain any untrue statement of a material fact, or
omits or will omit to state a material fact required to be stated herein or therein or necessary to make the statements contained
herein or therein in light of the circumstances under which they were made, not false or materially misleading.

Section 4.Representations and Warranties
of the Buyer. Buyer warrants and represents to the Seller as of the Closing Date as set forth in this Section 5. As used herein,
"best knowledge- or "to the best knowledge" shall mean information actually known by the relevant party
or what should be known to such party after due inquiry or in the exercise of reasonable care in the performance of the duties
of his office.

    	4

    	 	

    

(a)Capacity; No
Conflict. The Buyer and has full right, power and capacity to execute, deliver and perform its obligations under this
Agreement and the Other Agreements and to consummate the transactions contemplated hereby and thereby. The execution,
delivery and performance of this Agreement and the Other Agreements does not, and the consummation of the transactions
contemplated by this Agreement and the other Agreements will not (i) violate, conflict with or constitute a breach of or
default under any term or provision of the Certificate of Incorporation or By-laws of the Buyer, (ii) violate, conflict with
or constitute a breach of any law, order. writ, injunction, decree, statute, rule or regulation of any court, governmental
agency or arbitration tribunal known by the Buyer to be applicable to it, (iii) any violate any provision of or result in the
breach of, modification of, acceleration of the maturity of obligations under, or constitute a default, or give rise to any
right of termination, cancellation, acceleration or otherwise be in conflict with or result in a loss of material contractual
benefits to the Buyer under any of the terms, conditions or provisions of any contract, lease, note, bond, indenture,
instrument, mortgage, deed of trust, license, security agreement or other agreement, obligation or instrument to which the
Buyer is a party or by which it is bound, (iv) require any consent, approval or notice under any law, rule or decree,
document or instrument (other than where the failure to obtain such consent or approval, or give such notice, would not
result in a material adverse effect on the Buyer); or (v) result in the creation or imposition of any lien, claim,
restriction, charge or encumbrance upon the Buyer or any of its STOCK, other than with respect to clauses (ii), (iii) or (iv)
of this Section 5(a), such violations, conflicts, breaches, modifications or defaults, or such liens, claims,
restrictions, charges or encumbrances that would not result in a material adverse effect on the financial condition of the
Buyer or on its ability to enter into and perform its obligations hereunder and under the Other Agreements.

(b)Organization.
The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the power and authority to carry on its business as now conducted
and to own, lease or operate the properties and STOCK now used by it in connection therewith. The Buyer is duly qualified and in
good standing to do business in each jurisdiction in which the nature of its business or the ownership or leasing of its properties
make such qualification necessary.

(c)Consents
and Approvals. No governmental license, permit or authorization, and no registration or filing with any court, governmental authority or regulatory agency, and no consent, authorization or approval
of, or notice to, any other third party, is required to be obtained by the Buyer as a condition to or in connection with its execution,
delivery or performance of this Agreement and the Other Agreements or the consummation of the transactions contemplated hereby
or thereby.

(d)Binding
Obligation. This Agreement and each of the Other Agreements has been duly executed and delivered by the Buyer and constitutes the legal, valid and binding obligation of the Buyer, enforceable against
the Buyer in accordance with their respective terms, except to the extent that such enforceability may be limited by general principles
of equity or bankruptcy, insolvency and other similar laws affecting the enforcement of creditors' rights generally. All action
of the Board of Directors of the Buyer and all other corporate action necessary to authorize the execution, delivery and performance
of this Agreement and the Other Agreements, and the consummation of the transactions contemplated hereby and thereby, has been
duly and validly taken.

(e)Brokers;
Finders. No agent, broker, investment banker, person or firm acting on behalf of the Buyer or any firm or Incorporated affiliated
with the Buyer or under the authority of the Buyer is or will be entitled to any brokers' or finders' fee or any other commission
or similar fee in connection with any of the transactions contemplated hereby.

    	5

    	 	

    
(f)Accuracy.
No representation, warranty, covenant or statement by the Buyer in this Agreement, including any Schedules and Exhibits attached
hereto and the certificates furnished or to be furnished to the Seller pursuant hereto, contains or will contain any untrue statement
of a material fact, or omits or will omit to state a material fact required to be stated herein or therein or necessary to make
the statements contained herein or therein in light of the circumstances under which they were made, not false or materially misleading.

(g)No
Legal or Tax Advice. The Buyer is not relying on any legal or tax advice from the Seller in connection with the transactions
contemplated by this Agreement or the Other Agreements.

Section 5.Survival of Representations
and Warranties; Indemnification.

(a)Indemnification
by the Seller. The Seller hereby agrees to indemnify, defend and hold harmless the Buyer and their respective affiliates, and
the officers, directors, employees, contractors, agents, representatives of each of them, from and against all liabilities, losses,
costs or damages whatsoever (including expenses and reasonable fees of legal counsel) ("Losses") arising out of or relating
to any claims, demands, actions, lawsuits or proceedings relating to the STOCK ("Claims").

(b)Defense
of Claims.

(i)Whenever
any Claim shall be made that alleges a Loss for which indemnification would be payable hereunder, the party entitled to indemnification (the "Indemnitee") shall notify the
indemnifying party (the "Indemnitor") in writing within 30 days after the Indemnitee has actual knowledge of such Claim
(the "Notice of Claim"). The Notice of Claim shall specify all facts known to the Indemnitee giving rise to such Claim
and a detailed breakdown of the amount or an estimate of the amount of the Loss arising therefrom.

(ii)If the
facts giving rise to any such Claim shall involve any actual, threatened or possible claim or demand by any person against the Indemnitee, the Indemnitor shall be entitled (without prejudice
to the right of the Indemnitee to participate at its expense through co-counsel of its own choosing) to contest or defend such
Claim at its expense and through counsel of its own choosing if it gives written notice of its intention to do so to the Indemnitee
within 10 days after receipt of the Notice of Claim; provided that Indemnitor diligently prosecutes or defends such Claim.

Section
6.Confidentiality. From and after the date of this Agreement, each party hereto and their representatives
shall maintain the confidentiality of all documents and information of a confidential nature received from any other party hereto
in the course of their negotiations and due diligence review and will in no event use any confidential information for any purpose
other than for the evaluation of the transactions contemplated herein and in the event of termination of this Agreement will destroy
all copies of documentation which each party may have delivered to the other party and will not use any confidential information
for their own benefit; provided, that either party may disclose such information to its affiliates and professional advisors in
connection with the negotiation and performance of this Agreement.

    	6

    	 	

    
 

Section
7.The Corporation's Covenants Prior to Close. The Corporation hereby covenants that, except as otherwise consented
to in writing by Buyer, from and after the date hereof until the Closing or the earlier termination of this Agreement:

(a)Conduct of Business.

(A)The Corporation shall:

(i)carry
on the Corporation's business (the "Business") in the ordinary course and in the same manner as heretofore conducted,
in consultation with Buyer, not carry on any activity relating to the Business other than normal day-to-day activities, and shall
not take any action or fail to take any action, with respect to the Business, if such action or failure thereof could reasonably
be expected to have a material adverse effect on the STOCK ("Material Adverse Effect"). "Material Adverse Effect"
shall mean, with respect to the STOCK, any material adverse effect or material adverse change in the financial condition, operations
or results of operations of the Business, with respect to the STOCK, or on the ability of Seller to consummate the transactions
contemplated hereby;

(ii)not
acquire, license, encumber, assign or dispose of any of the STOCK;

(iii)not
enter into, amend or cancel any Material Contract or Permit necessary for the STOCK;

(iv)not
do anything which constitutes a breach of the employer-employee

(v)not perform any act or omission which would reduce the
value of the STOCK;

(vi) not fail to maintain
the books, accounts and records with respect to the STOCK on a basis consistent with past practice;

(vii)maintain
and keep the STOCK in the condition in which they are as at the date hereof subject to fair wear and tear in the ordinary course
of business;

(viii)retain
all agreed operating personnel of the Corporation;

(ix)not
amend the Corporation's certificate or articles of incorporation or by-laws (or other comparable corporate charter documents) or take any corporate action with respect to any such amendment or any reorganization,
liquidation or dissolution of any such entity;

(x)not
authorize, issue, sell or otherwise dispose of any shares of, or any option, right or warrant to purchase with respect to, capital Stock of the Corporation;

    	7

    	 	

    
 

(xi)not
declare, set aside or pay any dividend or other distribution in respect of the capital Stock of the Corporation;

(xii)not
incur any obligation or liability (absolute or contingent), except current liabilities incurred and obligations under contract
entered into in the ordinary course of business;

(xiii)not
make capital expenditures or commitments for additions to property, plant or equipment constituting capital STOCK in an aggregate
amount exceeding $10,000;

(xiv)not
make any material change in the STOCK, in the way in which the Corporation is engaged;

(xv)not
materially change its cash management practices (including, without limitation, the timing of collection of receivables and payment
of payables and other current liabilities);

(xvi)not
enter into any merger, acquisition, joint venture or partnership;

(xvii)not
waive any rights of material value;

(xviii)not
commit or enter into any agreement to do or engage in any of the foregoing.

(B)Seller shall use commercially reasonable
efforts consistent with past practice to preserve the Business and continue business relationships with suppliers, customers and
others having business relations with Seller in connection with the operation of the Business.

(b)Cooperation. The
Corporation shall use its best efforts to cause the transactions contemplated by this Agreement to be consummated as promptly as practicable in accordance with the terms and conditions hereof.

(c)Notification. The
Corporation shall immediately notify Buyer after it becomes aware of any such event, of (i) the occurrence of any event which has or could reasonably be expected to have a Material Adverse Effect,
(ii) the receipt by the Corporation of any offer to purchase the STOCK or other inquiry regarding the purchase of the STOCK, and
(iii) the discovery by the Corporation, or the occurrence of any event the result of which is, that one or more of the representations
and warranties of Seller set forth in this Agreement is or shall become false or otherwise misleading, in which case (and if the
Buyer shall become aware of a breach by Seller of one or more of his representations and warranties other than following notification
by the Seller) the Buyer shall have the option to terminate this Agreement or to proceed to the Closing hereunder but in either
case without prejudice to its rights hereunder including, but not limited to, the right to bring an action under the representations
and warranties or indemnities set out herein.

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(d)Buyer's Access
to Premises and Information. Seller hereby acknowledges that Buyer may continue its due diligence investigation through
and until the Closing.Seller shall cooperate with such reasonable investigation. Prior to the Closing, Buyer shall have
(i) reasonable access to the books and records of the Corporation upon prior written notice and at a mutually agreed upon
location, and (ii) access to the facilities of the Business during normal business hours. Seller shall furnish or cause to be
furnished to the Buyer all data and information concerning the Business that may reasonably be requested and that is
reasonably available, including any applications or statements to be made to any governmental authority in connection with
the transactions contemplated by this Agreement. Further, Seller shall assist Buyer in contacting and communicating with the
employees, customers and vendors of the Corporation having dealings with respect to the STOCK. Buyer agrees that all contacts
with the customers and suppliers having dealings with respect to the STOCK shall be subject to Seller's prior approval which
shall not unreasonably be withheld or delayed.

Section 8.Conditions
Precedent to the Obligation of the Buyer to Close. The obligation of the Buyer to complete this transaction shall be subject
to the fulfillment at or prior to the Closing Date of the following conditions:

(a)There
shall not have been any breach of the representations, warranties, covenants and agreements of the Seller contained in this Agreement
or the Schedules and Exhibits hereto, and all such representations and warranties shall be true at all times on and before the
Closing as if given at such times, except to the extent that any such representation or warranty is expressly stated to be true
as of some other time.

(b)The
Seller shall have performed and complied with all covenants, agreements and conditions required by this Agreement to be performed
or complied with by them prior to or at the Closing Date. All documents and instruments required in connection with this Agreement
shall be reasonably satisfactory in form and substance to the Buyer.

(c)There
shall have been no material adverse change in the condition (financial or otherwise), business, STOCK, liabilities, properties,
results of operations or earnings of the Seller with respect to the STOCK.

(d)There
shall be no outstanding actions or threats of action by any party that may materially adversely effect the condition (financial
or otherwise), of the STOCK.

(e)The
Buyer shall have received from the Seller, original copies of this Agreement and each of the Other Agreements, validly executed
and delivered by the Seller.

(f)The
Seller shall have performed and complied with all covenants, agreements and conditions required by this Agreement to be performed
or complied with by them prior to or at the Closing Date. All documents and instruments required in connection with this Agreement
shall be reasonably satisfactory in form and substance to the Buyer.

(g)There
shall be no outstanding actions or threats of action by any party that may materially adversely effect the condition (financial
or otherwise), of the STOCK except as previously disclosed by the Seller.

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 Section
9.Conditions Precedent to the Obligations of Seller and the Corporation to Close. The obligations of the Seller
to complete this transaction shall be subject to the fulfillment at or prior to the Closing Date of the following conditions:

(a)There
shall not have been any breach of the representations, warranties, covenants and agreements of the Buyer contained in this Agreement,
and all such representations and warranties shall be true at all times at and before the Closing, except to the extent that any
such representation or warranty is expressly stated to be true as of some other time.

(b)The
Buyer shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied
with by them. All documents and instruments required in connection with this Agreement shall be reasonably satisfactory in form
and substance to the Seller.

(c)The
Seller shall have received a certificate dated the Closing Date and signed by the Buyer, certifying that the conditions specified
in Sections 10(a) and 10(b) above have been fulfilled.

(d)The
Seller shall have received from the Buyer original copies of this Agreement and each of the Other Agreements, validly executed
and delivered by the Seller.

Section 10. Termination.
This Agreement may be terminated at any time prior to the Closing Date:

(a)By
mutual written consent of the Seller and the Buyer properly authorized (where applicable) by their respective Boards of Directors;

(b)By
the Buyer, if the Seller has materially breached any of his representations, warranties or covenants under this Agreement;

(c)By
the Seller, if the Buyer has materially breached any of its representations, warranties or covenants under this Agreement;

Section 11. The Buyer's Obligations at Closing.

At the Closing,
in addition to fulfilling the conditions to closing appearing in Section 10 of this Agreement, the Buyer shall deliver:

(i)to Seller, the Purchase Price, as set forth
in Section 3(a);

Section 12.The Sellers'
Obligations at Closing. At the Closing, in addition to fulfilling the conditions to Closing appearing in Section 9 herein:

(i)the Seller
shall deliver to the Buyer the build of materials and all schematics for the as set forth in Exhibit A — The
Bill of Sale attached hereto.

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Section 13. Subsequent Events.

(a)The Seller agrees to work with the Buyer
over the next 15 days post closing to transfer all source code to the STOCK being purchased.

Section 14. Parties in
Interest. This Agreement shall be binding upon and shall inure to the benefit of the parties and their successors and
assigns. Nothing herein expressed or implied is intended or shall be construed to confer upon or to give any person, firm, or
Incorporated other than the parties hereto any rights or remedies under or by reason hereof.

Section 15. Entire Agreement.
This Agreement, including the Schedules and Exhibits hereto, and together with the Other Agreements, contains the entire
agreement and understanding among the parties hereto with respect to the subject matter hereof, supersedes all prior and contemporaneous
agreements, arrangements and understandings, and shall not be modified or affected by any offer, proposal, statement or representation,
oral or written, made by or for any party in connection with the negotiation of the terms hereof. All references herein to this
Agreement shall specifically include, inlncorporatedorate and refer to the Schedules and Exhibits attached hereto which are hereby
made a part hereof. There are no representations, promises, warranties, covenants, undertakings or assurances (express or implied)
other than those expressly set forth or provided for herein and in the other documents referred to herein. This Agreement may
not be modified or amended orally, but only by a writing signed by all the parties hereto.

Section 16. Governing Law.
This Agreement and all rights and obligations hereunder shall be governed by, and construed in accordance with, the laws
of the Commonwealth of Massachusetts, applicable to agreements made and to be performed wholly within said State, without regard
to the conflicts of laws principles of such State.

Section 17. Expenses.
The Buyer and the Seller shall each pay their own expenses incidental to the preparation of this Agreement, the carrying
out of the provisions of this Agreement and the consummation of the transactions contemplated hereby.

Section 18. Arbitration.
If a dispute between the parties cannot be resolved by informal meetings and discussions, the dispute shall be settled
by binding arbitration, and a corresponding judgment may be entered in a court of competent jurisdiction. Arbitration of any dispute
may be initiated by one party by sending a written demand for arbitration to the other party, which demand will preclude any party
hereto from initiating an action in any court. This demand will specify the matter in dispute and request the appointment of an
arbitration panel. The arbitration panel will consist of one arbitrator named by Buyer, one
arbitrator named by Seller and a third arbitrator named by the two arbitrators so chosen. The arbitration hearing will be conducted
in accordance with the procedural rules set forth in the commercial arbitration rules of the American Arbitration Association.
The situs of the arbitration will be Boston, Massachusetts. The arbitrators shall not be empowered to award punitive or exemplary
damages to either party.

Section 19.Consent
to Jurisdiction; Waiver of Jury Trial. In the event that litigation of a dispute is initiated by either of the parties
hereto, each of the parties hereto (i) consents to submit itself to the personal jurisdiction of the Courts of the Commonwealth
of Massachusetts or the United States District Court for the District of Boston to the extent that such court would have subject
matter jurisdiction with respect to such dispute; (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction
or venue by motion or other request for leave from any such court; (iii) agrees that it will not bring any action relating to
this Agreement or any of the transactions contemplated by this Agreement in any court other than such courts; (iv) agrees that
service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to a party at its address set forth in Section 22 or at such other
address of which a party shall have been notified pursuant thereto; (v) agrees that nothing herein shall affect the right to effect
service of process in any other manner permitted by law; and (vi) waives the right to a jury trial.

    	11

    	 	

    

Section 20. Severability.
If any part of this Agreement is held to be unenforceable or invalid under, or in conflict with, the applicable law of
any jurisdiction, the unenforceable, invalid or conflicting part shall, to the extent permitted by applicable law, be narrowed
or replaced, to the extent possible, with a judicial construction in such jurisdiction that effectuates the intent of the parties
regarding this Agreement and such unenforceable, invalid or conflicting part. To the extent permitted by applicable law, notwithstanding
the unenforceability, invalidity or conflict with applicable law of any part of this Agreement, the remaining parts shall be valid,
enforceable and binding on the parties.

Section 21.Notices.

(a)All
notices, requests, consents and demands by the parties hereunder shall be delivered by hand, by recognized national overnight
courier or by deposit in the United States mail, postage prepaid, by registered or certified mail, return receipt requested, addressed
to the party to be notified at the addresses set forth below:

 

	 	(i)	(a)	if to the Incorporated to:

	 	 	 	Urban
Agricultural Corp.
	 	 	 	Attention: Billy Ray
	 	 	 	Telecopier No.: __________________________
	 	 	 	 
	 	 	with a copy to:
	 	 	 	Attention:

	 	 	 	Telecopier No.:

 

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	 	(ii)	if to the Buyer to:
	 			Distressed Asset Acquisitions Inc. 
	 	 	 	Richard A. Boyle
	 	 	 	 
	 	 	with a copy to:
	 	 	 	Attention:

Telecopier No.:

(b)Notices given by mail shall be deemed
effective on the earlier of the date shown on the proof of receipt of such mail or. unless the recipient proves that the
notice was received later or not received, three (3) days after the date of mailing thereof Other notices shall be deemed
given on the date of receipt. Any party hereto may change the address specified herein by written notice to the other parties
hereto.

Section 22. Non-Waivers.
Neither any failure nor any delay on the part of any party to this Agreement in exercising any right, power or privilege
hereunder shall operate as a waiver of any right, power or privilege of such party, unless such waiver is made by a writing executed
by the party and delivered to the other parties hereto; nor shall a single or partial exercise of any right, power or privilege
preclude any other or further exercise of any other right, power or privilege accorded to any party hereto.

Section 23. Assignment.
This Agreement may not be assigned by any party without the prior written consent of the other parties.

Section 24. Miscellaneous.

(a)Further
Assurances: Each of the parties hereto shall use its best efforts to take or cause to be taken, and to cooperate with the other party hereto to the extent necessary with respect to, all action, and to do,
or cause to be done, consistent with applicable law, all things necessary, proper or advisable to consummate and make effective
the transactions contemplated by this Agreement. Without limiting the generality of the foregoing, the Seller and Buyer shall cooperate
with and provide assistance to the other in connection with the preparation and filing of all federal, state, local and foreign
income tax returns which relate to the Incorporated and relate to pre-Closing periods but which are not required to be filed until
after the Closing, and shall also cooperate with and provide assistance to the other or the Corporation with respect to any audit
of any tax returns filed prior to, or that related to periods ending prior to, the Closing.

(b)Headings.
The headings contained herein are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

(c)Counterparts.
This Agreement may be executed and delivered in multiple counterpart copies. each of which shall be an original and all of
which shall constitute one and the same agreement.

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IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Agreement on the date first above written.

 

	 	SELLER:
	 	 
	 	Urban Agricultural Corp
	 	 
	 	 
	 	By: 	/s/ Billy Ray
	 	Name:	Billy Ray
	 	Title:	 CEO
	 	 	 
	 	 	 
	 	 	 
	 	BUYER:
	 	 
	 	 
	 	By: 	
	 	Name:	
	 	Title: 	Chief Executive Officer

 

 

 

    	14

    	 	

    
 

IN WITNESS WHEREOF, the parties hereto
have executed and delivered this Agreement on the date first above written.

 

	 	 	 
	 	SELLER:
	 	Urban Ag. Corp
	 	 	 
	 	 	 
	 	By: 	
	 	Name:	 Billy Ray 
	 	Title:	CEO
	 	 	 
	 	 	 
	 	 	 
	 	BUYER: 
	 	 
	 	 
	 	By:	/s/ Richard A. Boyle
	 	Name:	Richard A. Boyle
	 	Title:	CEO

    	15

    	 	

    

SCHEDULE A

Liens and Licenses

 

 

 

    	16

    	 	

    
 

EXHIBIT
A

BILL OF SALE

This Bill
of Sale ("Bill of Sale") is entered into as of May, 2010, between Urban Agricultural Corp, a Delaware corporation
(the "Conveyor") whose address is Danvers, Massachusetts and ., a Delaware corporation (the "Conveyee"),
whose address is , pursuant to the terms of that certain Stock Purchase Agreement dated as of March , 2012 between Conveyor and
Conveyee (the "SPA").

NOW, THEREFORE,
for good and valuable consideration, the receipt, adequacy, and legal sufficiency of which are hereby acknowledged, and as
contemplated by Section 3 of the SPA, Conveyor and Conveyee agree as follows:

1.Conveyance
and Transfer of Stock. Conveyor hereby sells, transfers, assigns, conveys, grants and delivers to Conveyee and its successors and assigns forever, effective as of the Closing Date, all of Conveyor's right,
title and interest in 100% of the STOCK free and clear of all Liens, claims, Encumbrances and security interests, as set forth
and defined in Schedule A attached hereto.

2.Further
Actions. Conveyor hereby covenants that it is the lawful owner of the STOCK described herein, that it has good right and lawful authority to sell same, that the STOCK are free from all Liens and Encumbrances.
Conveyor covenants and agrees to warrant and defend the sale, transfer, assignment, conveyance, grant and delivery of title to
the STOCK hereby made against all persons whomsoever, to take all steps reasonably necessary to establish the record of Conveyee's
title to the STOCK and, at the request of Conveyee, to execute and deliver further instruments of transfer and assignment and take
such other action as Conveyee may reasonably request to more effectively transfer and assign to and vest in Conveyee each item
of the STOCK.

THE STOCK
ARE BEING SOLD ON AN "AS IS, WHERE IS" CONDITION. ACCORDINGLY, EXCEPT AS MAY BE SPECIFICALLY SET FORTH HEREIN OR AS WARRANTED
IN THE SPA, CONVEYOR MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, AS TO ANY MATTER, INCLUDING,
WITHOUT LIMITATION, THE CONDITION OF THE STOCK, THEIR MERCHANTABILITY OR THEIR FITNESS FOR ANY PARTICULAR PURPOSE. CONVEYOR SHALL
IN NO EVENT BE LIABLE TO CONVEYEE FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES CAUSED, DIRECTLY OR INDIRECTLY,
BY THE STOCK OR ANY INADEQUACY THEREOF FOR ANY PURPOSE, OR ANY DEFICIENCY OR DEFECT THEREIN, OR THE USE OR MAINTENANCE THEREOF,
OR ANY REPAIRS, SERVICING OR ADJUSTMENTS THERETO.

3.Power
of Attorney. Without limiting Section 2 hereof, Conveyor hereby constitutes and appoints Conveyee the true and lawful agent and attorney in fact of Conveyor, with full power of substitution and resubstitution,
in whole or in part, in the name and stead of Conveyor but on behalf and for the benefit of Conveyee and its successors and assigns,
from time to time:

		(a)	to demand, receive and collect any and all of the STOCK and to give receipts
and releases for and with respect to the same, or any part thereof;

		(b)	to institute and prosecute, in the name of Conveyor or otherwise, any and
all proceedings at law, in equity or otherwise, that Conveyee or its successors and assigns may deem proper in order to collect or reduce to possession
any of the STOCK and in order to collect or enforce any claim or right of any kind hereby assigned or transferred, or intended
so to be; and

		(c)	to do all things legally permissible, required or reasonably deemed by Conveyee to be required
to recover and collect the STOCK and to use Conveyor's name in such manner as Conveyee may reasonably deem necessary for the collection
and recovery of same.

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Conveyor hereby declares that
the foregoing powers are coupled with an interest and are and shall be irrevocable by Conveyor.

4.Capitalized
Terms. Capitalized terms used but not defined herein shall have the meanings for such terms that are set forth in the
SPA.

5.Successors
and Assigns. This Bill of Sale will be binding upon Conveyor's successors and will inure to the benefit of Conveyee's
successors and assigns.

6.Terms
of the Plan of Reorganization. The terms of the SPA, including, but not limited to, Conveyor's representations, warranties,
covenants, agreements and indemnities relating to the STOCK, are incorporated herein by this reference. Conveyor acknowledges
and agrees that the representations, warranties, covenants, agreements and indemnities contained in the SPA shall not be superseded
hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency
between the terms of the SPA and the terms hereof, the terms of the SPA shall govern.

7.Binding
Effect; Governing Law. This Bill of Sale shall be binding on and inure to the benefit of and be enforceable by Conveyor
and Conveyee and their respective successors and assigns. This Bill of Sale shall be governed, construed, and enforced in accordance
with the laws of the State of Delaware without regard to the choice of law principles thereof.

8.Counterparts.
This Bill of Sale may be executed in counterparts, each of which shall be deemed an original and all of which, when taken together, shall constitute one and the same instrument.

[Signature Page Follows]

 

 

    	18

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