Document:

Exhibit 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

This Amended Executive Employment Agreement (the “Agreement”) is made as of April 8, 2016, between Indoor Harvest, Corp., (the "Company") and John Zimmerman (the "Executive").

		1.	Terms of Employment

(a)    Position. Company hereby employs the Executive as Vice President of Business Development, and the Executive accepts such employment with Company subject to the terms and conditions of this Agreement.

(b)    Duties. Executive shall have such duties and responsibilities as may be assigned by the Board of Directors not inconsistent with the position.

(c)    Dedication. Executive shall devote his full business time and best efforts to the business and affairs of the Company.

(d)    Performance. Executive shall faithfully and diligently perform Executive’s duties in conformity with the directions of the Company and serve the Company to the best of Executive’s abilities.

		(e)	Permitted Activities. Executive may:

(i)      serve on industry, trade, civic or charitable boards or committees;

		(ii)	engage in charitable activities and community affairs; and

(iii)        manage personal investments, as long as such activities do not materially interfere with the performance of Executive's duties and responsibilities.

		2.	Compensation

(a)    Incentive Compensation. During the term of employment, the Executive shall be eligible to participate in any equity-based incentive compensation plan or program adopted by the Board of Directors.

(i)  Commissioned Sales. Executive shall not receive an annual base salary. Instead, the Executive shall receive a percentage of closed projects as follows:

		·	5% on Purchase Orders (facilities and production finishing hardware) minus taxes, fees and shipping for sole sourced projects that lead to a signed Design Build Agreement.

		·	5% of Facilities portion of Purchase Order only on signed Design Build agreements brought in from Authorized Dealers.

		·	Discretionary % split agreed to by Executive on a case-by-case basis for supporting services he chooses to bring into closing an agreement.

		·	Compensation payments dispersed at the same % rate as the contractually agreed client payments schedule is received from the client/finance group (ie: 5% down, 50% at Purchase Order, 45% at shipping etc..)

(ii)    Equity. Executive, or an entity controlled by the executive such that the executive is deemed the sole beneficial owner under SEC Rule 13d-3, shall receive a total of 100,000 shares of restricted common  stock upon execution of this agreement.

		3.	Expenses

(a)    Reimbursement. Company shall pay all reasonable travel, dining and other ordinary, necessary and reasonable business expenses incurred by the Executive in the performance of his duties under this Agreement, subject to budget and/or other limitations or conditions imposed by the Board of Directors.

(b)    Substantiation. The Executive shall, as a condition of any such payment or reimbursement, submit verification, substantiation and documentation of the nature and amount of such expenses in accordance with the policies of Company from time to time.

		4.	Representations and Warranties.

The Company and the Executive respectively represents and warrants to each other that each respectively is fully authorized and empowered to enter into the Agreement and that their entering into the Agreement and to each parties' knowledge the performance of their respective obligations under the Agreement will not violate any agreement between the Company or the Executive respectively and any other person, firm or organization or any law or governmental regulation.

		5.	Confidential Information

(a)    Obligation. The Executive agrees to maintain the strict confidentiality of all Confidential Information during the term of this Agreement and thereafter.

(b)    Scope. For purposes of this Agreement, "Confidential Information" shall mean all information and materials of Company, and all information and materials received by Company from third parties (including but not limited to affiliates, subsidiaries, chapters, and members of Company), which are not generally publicly available and all other information and materials which are of a proprietary or confidential nature, even if they are not marked as such.

		(c)	Survival. This provision shall survive the termination of this Agreement indefinitely.

		6.	Intellectual Property

(a) Ownership. Executive agrees that all copyrights, trademarks, patents, and other intellectual property rights to works or marks arising in from or in connection with the Executive's employment by Company are "work made for hire" within the definition of Section 101 of the Copyright Act (17 U.S.C. 101) and shall remain the sole and exclusive property of Company.

(c)    Assignment of Interest. To the extent any work product is not deemed to be a work made for hire within the definition of the Copyright Act, Executive with effect from creation of any and all work product, hereby assigns, and agrees to assign, to Company all right, title and interest in and to such work product, including but not limited to copyright, all rights subsumed thereunder, and all other intellectual property rights, including all extensions and renewals thereof.

(d)    Moral Rights. Executive also agrees to waive any and all moral rights relating to the work product, including but not limited to, any and all rights of identification of authorship and any and all rights of approval, restriction or limitation on use, and subsequent modifications.

(e)    Assistance. Executive further agrees to provide all assistance reasonably requested by Company, both during and subsequent to the Term of this Agreement, in the establishment, preservation and enforcement of Company's rights in the work product.

(f)  Return of Property. Upon the termination of this Agreement, Executive agrees to deliver promptly to Company all printed, electronic, audio-visual, and other tangible manifestations of work product, including all originals and copies thereof.

		7.	Non-Solicitation.

During the term of this Agreement and for 5 years after any termination of this Agreement, Executive will not, without the prior written consent of the Company, either directly or indirectly, on Executives' own behalf or in the service or on behalf of others, solicit or attempt to solicit, divert or hire away any person employed by the Company, or any customer of the Company.

		8.	Non-Disparagement.

(a)    Executive Obligation. Executive will not at any time, during or after the Term, disparage, defame or denigrate the reputation, character, image, products or services of the Company, or of any of its Affiliates, or, any of its or its Affiliate s directors, officers, stockholders, members, employees or agents.

(b)    Company Obligation. The Company will not, except as may be required by law, issue any official press release or statement which is intended to disparage Executive.

		9.	Acknowledgement.

Executive expressly acknowledges that the covenants of this Agreement are supported by good and adequate consideration, and that such covenants are reasonable and necessary in terms of duration, scope and geographic area to protect the legitimate business interests of Company.

		10.	Term of Employment

(a)    Initial Term. The term of the Executive's employment under this Agreement shall commence on the Effective Date and continue until April 8, 2017 (the "Term"), unless his employment is sooner terminated by the Board of Directors.

(b)    Automatic Renewal. Commencing on April 8 and on each anniversary of that date thereafter, the Term shall be extended for an additional one year period, subject to non-renewal provisions herein.

(c)    Notice Not to Renew. Either party may give notice of the intention not to extend the Term in writing at least 90 days prior to each such anniversary date. Non-renewal may be without cause, and neither party shall have any claim against the other for non-renewal under this provision of the Agreement.

		11.	Termination of Employment

(a)    Termination Upon Death. This Agreement shall terminate automatically upon the death of the Executive.

(b)    Automatic Termination Upon Disability. This Agreement shall terminate automatically upon Total Disability of the Executive.

Total Disability. Total Disability means the Executive is unable to perform the duties set forth in this Agreement for a period of twelve consecutive weeks, or 90 cumulative business days in any 12-month period, as a result of physical or mental illness or loss of legal capacity.

(c)    Termination Upon Retirement. The Executive may voluntarily terminate this Agreement at any time by reason of Retirement.

Retirement. Retirement is the cessation by Executive of all full-time employment of any kind.

(d)      Termination by the Company For Cause. The Company shall have the right to terminate Executive's employment under this Agreement at any time for Cause, which termination shall be effective immediately. Termination for "Cause" shall include termination for:

(i)      material breach of this Agreement by Executive;

(ii)      intentional nonperformance or misperformance of such duties, or refusal to abide by or comply with the reasonable directives of his superior officers, or the Corporation's policies and procedures;

		(iii)	Executive's gross negligence in the performance of his material duties under this Agreement;

(iv)      Executive's willful dishonesty, fraud or misconduct with respect to the business or affairs of the Corporation, that in the reasonable judgment of the President and/or the Board of Directors materially and adversely affects the Corporation;

(v)      Executive's conviction of, or a plea of nolo contendere to, a felony or other crime involving moral turpitude; or

(vi)      the commission of any act in direct or indirect competition with or materially detrimental to the best interests of Corporation that is in breach of Executive s fiduciary duties of care, loyalty and good faith to Corporation.

Cause will not, however, include any actions or circumstances constituting Cause under (i) or (ii) above if Executive cures such actions or circumstances within 30 days of receipt of written notice from Corporation setting forth the actions or circumstances constituting Cause. In the event Executive's employment under this Agreement is terminated for Cause, Executive shall thereafter have no right to receive compensation or other benefits under this Agreement.

(e)    Termination by the Company Without Cause. The Company may, upon a majority vote of the Board of Directors, terminate the Executive's employment under this Agreement without Cause at any time upon 90 days prior written notice to the Executive, and Executive shall have any right to a claim against the Company for termination under this provision of the Agreement.

(f)    Change in Control. For purposes of this Agreement, unless the Board determines otherwise, a Change of Control of the Company shall be deemed to have occurred at such time as:

(i)      any person (as the term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act)) is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of voting securities of the Company representing more than 50% of the Company s outstanding voting securities or rights to acquire such securities except for any voting securities issued or purchased under any employee benefit plan of the Company or its subsidiaries; or

(ii)      any sale, lease, exchange or other transfer (in one transaction or a series of transactions) of all or substantially all of the assets of the Company; or

(iii)      a plan of liquidation of the Company or an agreement for the sale or liquidation of the Company is approved and completed; or

(iv)      the Board determines in its sole discretion that a Change in Control has occurred, whether or not any event described above has occurred or is contemplated.

		12.	Indemnification.

The Company shall indemnify the Executive, to the maximum extent permitted by applicable law and by its certificate of incorporation, against all costs, charges and expenses incurred or sustained by the Executive in connection with any action, suit or proceeding to which he may be made a party by reason of being an officer, director or employee of the Company or of any subsidiary or affiliate of the Company or any other corporation for which the Executive serves in good faith as an officer, director, or employee at the Company's request.

		13.	General Provisions

(a)    Entire Agreement. This Agreement constitutes the entire agreement between the parties, and supersedes all prior agreements, representations and understandings of the parties, written or oral.

(b)    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement.

		(c)	Amendment. This Agreement may be amended only by written agreement of the parties.

(d)    Notices. All notices permitted or required under this Agreement shall be in writing and shall be delivered in person or mailed by first class, registered or certified mail, postage prepaid, to the address of the party specified in this Agreement or such other address as either party may specify in writing. Such notice shall be deemed to have been given upon receipt.

(e)    Assignment. This Agreement shall not be assigned by either party without the consent of the other party.

(f)    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of laws rules.

(g)    No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.

IN WITNESS WHEREOF, this Agreement has been duly executed this 8th day of April, 2015.

	
EXECUTIVE

	
THE COMPANY

	
 

/s/ John Zimmerman

	
 

/s/ Chad Sykes

	
Signature

	
Signature

	
 

Date: 4/8/2016

	
 

Date: 4/8/2016NONE
OF THE SECURITIES TO WHICH THIS AGREEMENT RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION
S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH
APPLICABLE STATE AND FOREIGN SECURITIES LAWS. 

ASSIGNMENT
AGREEMENT

THIS
ASSIGNMENT AGREEMENT (this “Agreement”) is made effective as of the 5th Day of April, 2016

AMONG:

TITAN
INVESTMENTS, LLC, having an address at 20805 North 19th Avenue, Suite 2, Phoenix, AZ 85027

(the
“Assignor”)

AND:

ZSL
TRUST DATED March 12, 2010, having an address at 22912 North 74th LN, Glendale, AZ 85310

(the
“Assignee”)

AND:

EPIC
STORES CORP., having an address at 20805 North 19th Avenue, Suite 2, Phoenix, AZ 85027

(the
“Company”)

WHEREAS:

A.               
The Company is indebted to the Assignor in the amount of $450,000 (the “Loan”); and

B.                
The Assignor wishes to assign to the Assignee and the Assignee wishes to take assignment of all of the Assignor’s right,
title and interest in and to the Loan and all documents and instruments evidencing the Loan in accordance with this Agreement.

    	 	 	 

    	 	 	 

    

NOW
THEREFORE in consideration of the mutual premises, covenants and agreements in this Agreement, and for other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged by the parties), the parties agree as follows:

		1.	The
                                         Assignor hereby assigns and transfers to the Assignee, absolutely, to and for its sole
                                         use forever, all of the Assignor’s right, title and interest in and to the Loan,
                                         including without limitation all right to enforce, collect and give acquittances for
                                         the Loan, including the principal amount thereof and interest accrued or hereafter accruing
                                         thereto, if any, with full power and authority to collect payment of the Loan from the
                                         Company.

		2.	In
                                         connection with the assignment of the Loan, the Company has agreed to issue the Assignee
                                         a convertible note in the principal amount of $450,000 (the “Note”).
                                         which note will have a maturity date of September 30, 2016 and bear interest at the rate
                                         of 4% per annum. The Company and the Assignee agree that the principal amount of the
                                         Note and accrued interest thereon will be convertible, at the option of the Assignee,
                                         into shares of common stock of the Company at a conversion price of $0.90 per share.
                                         For the purposes of this Agreement, including Schedule A attached hereto, the Note and
                                         the Shares are collectively referred to herein as the “Securities”.

		3.	The
                                         Assignor hereby represents and warrants that: (a) it has full right, power and authority
                                         to enter into this Agreement and to assign the Loan to the Assignee; and (b) it has not
                                         assigned all or any part of its interest in the Loan nor has it done or permitted any
                                         further act, matter or thing to be done whereby the Loan has been released or discharged,
                                         either partly or in its entirely. 

		4.	The
                                         Assignee hereby represents and warrants that it has full right, power and authority to
                                         enter into this Agreement and to assume the Loan from the Assignor. In addition to the
                                         foregoing, the Assignee makes the representations, warranties, covenants and agreements
                                         to and with the Company as are set out in Schedule A to this Agreement.

		5.	The
                                         Assignor hereby covenants to the Assignee forthwith to endorse and deliver to the Assignee
                                         all documents and instruments governing or evidencing any of the Loan, if any.

		6.	Each
                                         party shall at any time, and from time to time hereafter, take any and all steps and
                                         execute, acknowledge and deliver to the other party any and all further deeds, instruments
                                         and assurances that the other party may reasonably require for the purpose of giving
                                         full force and effect to the provisions of this Agreement.

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		7.	All
                                         references to any party, whether a party to this Agreement or not, will be read with
                                         such changes in number and gender as the context or reference requires.

		8.	All
                                         dollar amounts referred to in this Agreement are in lawful money of the United States.

		9.	Any
                                         notice required or permitted to be given to any of the parties to this Agreement will
                                         be in writing and may be given by prepaid registered post, electronic facsimile transmission
                                         or other means of electronic communication capable of producing a printed copy to the
                                         address of such party first above stated or such other address as any party may specify
                                         by notice in writing to the other parties and any such notice will be deemed to have
                                         been given and received by the party to whom it was addressed if mailed, on the third
                                         day following the mailing thereof, if by facsimile or other electronic communication,
                                         on successful transmission, or, if delivered, on delivery; but if at the time of mailing
                                         or between the time of mailing and the third business day thereafter there is a strike,
                                         lockout or other labour disturbance affecting postal service, then the notice will not
                                         be effectively given until actually delivered.

		10.	This
                                         Agreement may be executed in several counterparts, each of which will be deemed to be
                                         an original and all of which will together constitute one and the same instrument.

		11.	This
                                         Agreement shall be governed by and construed in accordance with the laws of State of
                                         Nevada, and the parties hereby attorn to the jurisdiction of the courts of competent
                                         jurisdiction in the State of Nevada in any proceeding hereunder.

[THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

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		12.	Delivery
                                         of an executed copy of this Agreement by electronic facsimile transmission or other means
                                         of electronic communication capable of producing a printed copy will be deemed to be
                                         execution and delivery of this Agreement, as of the date set forth on page one of this
                                         Agreement.

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

TITAN
INVESTMENTS, LLC

By: /s/ Brian Davidson

Brian Davidson, Manager

ZSL
TRUST DATED MARCH 12, 2010

By:
/s/ Donna Brown Renfroe

Donna Brown Renfroe, Trustee

EPIC
STORES CORP.

By:
/s/ Brian Davidson

Brian Davidson, President

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SCHEDULE
A

		1.	The
                                         Assignee acknowledges and agrees that:

		(a)	none
                                         of the Securities have been or will be registered under the United States Securities
                                         Act of 1933, as amended, (the “1933 Act”), or under any securities
                                         or “blue sky” laws of any state of the United States, and, unless so registered,
                                         may not be offered or sold in the United States or, directly or indirectly, to any U.S.
                                         Person (as defined in Section 3), except in accordance with the provisions of Regulation
                                         S under the 1933 Act (“Regulation S”), pursuant to an effective registration
                                         statement under the 1933 Act, or pursuant to an exemption from, or in a transaction not
                                         subject to, the registration requirements of the 1933 Act, and in each case only in accordance
                                         with any other applicable state, provincial and foreign securities laws; 

		(b)	the
                                         Company has not undertaken, and will have no obligation, to register any of the Securities
                                         under the 1933 Act or any other applicable securities laws;

		(c)	the
                                         Company will refuse to register the transfer of any of the Securities to a U.S. Person
                                         not made pursuant to an effective registration statement under the 1933 Act or pursuant
                                         to an available exemption from the registration requirements of the 1933 Act and in each
                                         case in accordance with applicable laws;

		(d)	the
                                         decision to execute this Agreement and to acquire the Securities has not been based upon
                                         any oral or written representation as to fact or otherwise made by or on behalf of the
                                         Company and such decision is based entirely upon a review of any public information which
                                         has been filed by the Company with the United States Securities and Exchange Commission
                                         (the “SEC”) (collectively, the “Public Record”);

		(e)	the
                                         Company and others will rely upon the truth and accuracy of the acknowledgements, representations,
                                         warranties, covenants and agreements of the Assignee contained in this Agreement and
                                         agrees that if any of such acknowledgements, representations and agreements are no longer
                                         accurate or have been breached, the Assignee will promptly notify the Company;

		(f)	there
                                         are risks associated with the purchase of the Securities, as more fully described in
                                         the Company’s periodic disclosure forming part of the Public Record;

		(g)	the
                                         Assignee and the Assignee’s advisor(s) have had a reasonable opportunity to ask
                                         questions of, and receive answers from, the Company in connection with the distribution
                                         of the Securities hereunder, and to obtain additional information, to the extent possessed
                                         or obtainable without unreasonable effort or expense, necessary to verify the accuracy
                                         of the information about the Company;

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		(h)	the
                                         books and records of the Company were available upon reasonable notice for inspection,
                                         subject to certain confidentiality restrictions, by the Assignee during reasonable business
                                         hours at its principal place of business, and all documents, records and books in connection
                                         with the distribution of the Securities hereunder have been made available for inspection
                                         by the Assignee, its legal counsel and/or its advisor(s);

		(i)	the
                                         Company is entitled to rely on the representations and warranties of the Assignee contained
                                         in this Agreement and the Assignee will hold harmless the Company from any loss or damage
                                         it or they may suffer as a result of the Assignee’s failure to correctly complete
                                         this Agreement;

		(j)	any
                                         resale of the Securities by the Assignee will be subject to resale restrictions contained
                                         in the securities laws applicable to the Company, the Assignee and any proposed transferee,
                                         including resale restrictions imposed under United States securities laws and the securities
                                         laws of any other applicable jurisdictions;

		(k)	it
                                         is the responsibility of the Assignee to find out what any applicable resale restrictions
                                         are and to comply with such restrictions before selling any of the Securities;

		(l)	the
                                         Assignee has been advised to consult the Assignee’s own legal, tax and other advisors
                                         with respect to the merits and risks of an investment in the Securities and with respect
                                         to applicable resale restrictions, and it is solely responsible (and the Company is not
                                         in any way responsible) for compliance with any applicable laws of the jurisdiction in
                                         which the Assignee is resident in connection with the distribution of the Securities
                                         hereunder, and applicable resale restrictions; 

		(m)	no
                                         documents in connection with the issuance of the Securities have been reviewed by the
                                         SEC or any other securities regulators;

		(n)	neither
                                         the SEC nor any other securities commission or similar regulatory authority has reviewed
                                         or passed on the merits of any of the Securities; 

		(o)	there
                                         is no government or other insurance covering any of the Securities; and

		(p)	none
                                         of the Securities have been registered under the 1933 Act, or under any state securities
                                         or “blue sky” laws of any state of the United States, and, unless so registered,
                                         may not be offered or sold in the United States or, directly or indirectly, to U.S. Persons,
                                         except in accordance with the provisions of Regulation S, pursuant to an effective registration
                                         statement under the 1933 Act, or pursuant to an exemption from, or in a transaction not
                                         subject to, the registration requirements of the 1933 Act, and in each case only in accordance
                                         with applicable securities laws.

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		2.	The
                                         Assignee hereby represents and warrants to the Company that:

		(a)	it
                                         has such knowledge and experience in financial and business matters as to be capable
                                         of evaluating the merits and risks of an investment in the Securities and it is able
                                         to bear the economic risk of loss of its entire investment;

		(b)	the
                                         Company has provided to it the opportunity to ask questions and receive answers concerning
                                         the terms and conditions of the Offering and it has had access to such information concerning
                                         the Company as it has considered necessary or appropriate in connection with its investment
                                         decision to acquire the Securities;

		(c)	it
                                         is acquiring the Securities for its own account, for investment purposes only and not
                                         with a view to any resale, distribution or other disposition of the Securities in violation
                                         of the United States securities laws;

		(d)	it
                                         (i) has adequate net worth and means of providing for its current financial needs and
                                         possible personal contingencies, (ii) has no need for liquidity in this investment, and
                                         (iii) is able to bear the economic risks of an investment in the Securities for an indefinite
                                         period of time;

		(e)	it
                                         is (initial the applicable line):

	___________	a
    trust with total assets in excess of US$5,000,000, not formed for the specific purpose of acquiring the Securities, whose
    purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the 1933 Act, or

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	_XX________	an
    entity in which each equity owner is: (a) a natural person whose individual net worth, or joint net worth with that person’s
    spouse, exceeds US$1,000,000. For purposes of this category, “net worth” means the excess of total assets at fair
    market value (including personal and real property, but excluding the estimated fair market value of a person’s primary
    home) over total liabilities. Total liabilities excludes any mortgage on the primary home in an amount of up to the home’s
    estimated fair market value as long as the mortgage was incurred more than 60 days before the date of this Agreement, but
    includes (i) any mortgage amount in excess of the home’s fair market value and (ii) any mortgage amount that was borrowed
    during the 60 day period before the date of this Agreement, or (b) a natural person who had an individual income in excess
    of US$200,000 in each of the two most recent years, or joint income with their spouse in excess of US$300,000 in each of those
    years and has a reasonable expectation of reaching the same income level in the current year;

		(f)	if
                                         the Assignee decides to offer, sell or otherwise transfer any of the Securities, it will
                                         not offer, sell or otherwise transfer any of such Securities, directly or indirectly,
                                         unless:

		(i)	the
                                         sale is to the Company,

		(ii)	the
                                         sale is made outside the United States in a transaction meeting the requirements of Rule
                                         904 of Regulation S under the 1933 Act and in compliance with applicable local laws and
                                         regulations in which such sale is made;

		(iii)	the
                                         sale is made pursuant to the exemption from the registration requirements under the 1933
                                         Act provided by Rule 144 thereunder and in accordance with any applicable state securities
                                         or “blue sky” laws, or

		(iv)	the
                                         Securities are sold in a transaction that does not require registration under the 1933
                                         Act or any applicable state laws and regulations governing the offer and sale of securities,
                                         and

		(v)	it
                                         has, prior to such sale pursuant to subsection (c) or (d), furnished to the Company an
                                         opinion of counsel of recognized standing reasonably satisfactory to the Company, to
                                         such effect;

		(g)	it
                                         understands and agrees that there may be material tax consequences to the Assignee of
                                         an acquisition or disposition of the Securities. The Company gives no opinion and makes
                                         no representation with respect to the tax consequences to the Assignee under United States,
                                         state, local or foreign tax law of the Assignee’s acquisition or disposition of
                                         the Securities. In particular, no determination has been made whether the Company will
                                         be a “passive Foreign investment company” (“PFIC”) within
                                         the meaning of Section 1291 of the United States Internal Revenue Code;

		(h)	it
                                         is resident in the United States of America, its territories and possessions or any state
                                         of the United States or the District of Columbia (collectively the “United States”),
                                         is a “U.S. Person” as such term is defined in Regulation S or was in the
                                         United States at the time the Securities were offered or the Agreement was executed;
                                         and

		(i)	the
                                         Assignee: (i) has adequate net worth and means of providing for its current financial
                                         needs and possible personal contingences, (ii) has no need for liquidity in this investment,
                                         (iii) has such knowledge and experience in business matters as to be capable of evaluating
                                         the merits and risks of its prospective investment in the Securities, (iv) is able to
                                         bear the economic risks of an investment in the

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Securities
for an indefinite period of time, and (v) can afford the complete loss of the principal amount of the Loan;

		(j)	the
                                         Assignee has the legal capacity and competence to enter into and execute this Agreement
                                         and to take all actions required pursuant hereto and, if the Assignee is a corporate
                                         entity, it is duly incorporated and validly subsisting under the laws of its jurisdiction
                                         of incorporation and all necessary approvals by its directors, shareholders and others
                                         have been obtained to authorize execution and performance of this Agreement on behalf
                                         of the Assignee;

		(k)	the
                                         entering into of this Agreement and the transactions contemplated hereby do not result
                                         in the violation of any of the terms and provisions of any law applicable to, or, if
                                         applicable, the constating documents of, the Assignee or of any agreement, written or
                                         oral, to which the Assignee may be a party or by which the Assignee is or may be bound;

		(l)	the
                                         Assignee has duly executed and delivered this Agreement and it constitutes a valid and
                                         binding agreement of the Assignee enforceable against the Assignee;

		(m)	the
                                         Assignee has received and carefully read this Agreement;

		(n)	the
                                         Assignee is aware that an investment in the Company is speculative and involves certain
                                         risks, including those risks disclosed in the Public Record and the possible loss of
                                         the entire Subscription Amount;

		(o)	the
                                         Assignee has made an independent examination and investigation of an investment in the
                                         Securities and the Company and agrees that the Company will not be responsible in any
                                         way for the Assignee’s decision to invest in the Securities and the Company;

		(p)	the
                                         Assignee is not an underwriter of, or dealer in, any of the Securities, nor is the Assignee
                                         participating, pursuant to a contractual agreement or otherwise, in the distribution
                                         of the Securities;

		(q)	the
                                         Assignee is acquiring the Securities for its own account for investment purposes only
                                         and not for the account of any other person and not for distribution, assignment or resale
                                         to others, and no other person has a direct or indirect beneficial interest in such Securities,
                                         and the Assignee has not subdivided its interest in any of the Securities with any other
                                         person;

		(r)	no
                                         person has made to the Assignee any written or oral representations:

		(i)	that
                                         any person will resell or repurchase any of the Securities,

		(ii)	that
                                         any person will refund the purchase price of any of the Securities, or

    	 	9	 

    	 	 	 

    

		(iii)	as
                                         to the future price or value of any of the Securities.

		3.	In
                                         this Agreement, the term “U.S. Person” will have the meaning ascribed thereto
                                         in Regulation S, and for the purpose of this Agreement includes, but is not limited
                                         to: (a) any person in the United States; (b) any natural person resident in the United
                                         States; (c) any partnership or corporation organized or incorporated under the laws of
                                         the United States; (d) any partnership or corporation organized outside the United States
                                         by a U.S. Person principally for the purpose of investing in securities not registered
                                         under the 1933 Act, unless it is organized or incorporated, and owned, by accredited
                                         investors who are not natural persons, estates or trusts; or (e) any estate or trust
                                         of which any executor or administrator or trustee is a U.S. Person.

The
Assignee undertakes to notify the Company immediately of any change in any representation, warranty or other information relating
to the Assignee set forth herein which takes place prior to the closing time of the issuance of the Securities.

Dated
effective April 5, 2016.

ZSL TRUST DATED March 12, 2010

			X
    /s/ Donna Brown Renfroe
			Donna
    Brown Renfroe
			
			Name
    of authorized signatory (please print)

 

    	 	10

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