Document:

Contribution Agreement

SECTION 351 CONTRIBUTION AGREEMENT

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

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

WITNESSETH:

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

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

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

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

1.

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

2.

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

 

3.

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

4.

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

5.

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

6.

If any provision of this Agreement is held to be illegal, invalid or unenforceable under the present 

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

7.

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

8.

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

9.

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

10.

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

11.

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

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

ATTEST:

              VITACIG, INC.

________________________

By: 

/s/ Mark Linkhorst____________________ 

________________________

Mark Linkhorst, President

Contributors

Shares Received

/s/ Paul Rosenberg_________________

500,135,000

Paul Rosenberg, CEO

mCig, Inc.

SCHEDULE A

		
	Asset

	Description

	VitaCig Tademark

	The pending trademark application for “VitaCig” filed with USPTO on 1/18/2014Consulting Agreement

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT is made and entered into as of August 17, 2013, by and between an mCig, Inc, a Nevada company, with an address located at 800 Bellevue Way NE, Suite 400, Bellevue, 98004 Washington, (the "Company") and Ryan Longley (the “Consultant”), an individual, with an address located at 2500 North Road, Box #1613, Hooksett, NH 03106, with an effective date of August 17, 2013 (“Effective Date”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.” 

RECITALS:

A.

The Company desires to obtain the services of Consultant on its own behalf, and Consultant desires to provide consulting services to the Company upon the terms and conditions in this Agreement;

B.

The Company desires to retain the Consultant as an independent consultant and to memorialize the Consultant’s work for the Company by entering into this written Agreement; and,

C.

The parties agree that this Agreement reflects the entire understanding and agreements between the parties hereto.

AGREEMENT:

NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and conditions hereinafter set forth, the parties hereto agree as follows:

1. APPOINTMENT

(a)

The Company hereby appoints Consultant to render those services as more specifically described in Section 2 hereof for the term of this Agreement.

2. SERVICES

(a)

The Consultant’s services shall include promotion of the company via social media outlets;

(b)

The Company hereby engages the Consultant and the Consultant hereby accepts engagement as a consultant.  It is understood and agreed, and it is the express intention of the parties to this Agreement, that the Consultant is an independent contractor, and not an employee or agent of the Company’s for any purpose whatsoever. The Consultant agrees to promptly perform all services required of the Consultant hereunder in an efficient, professional, trustworthy and businesslike manner. In such capacity, Consultant will utilize only materials, reports, financial information or other documentation that is approved in writing in advance by the Company;

(c)

The Consultant agrees to serve the Company faithfully and to the best of Consultant’s ability and to devote a reasonable amount of time, attention and efforts to the business and affairs of the Company during Consultant’s engagement by the Company. The Consultant hereby confirms that Consultant is under no contractual commitments inconsistent with Consultant’s obligations set forth in this Agreement and that during the term of this Agreement Consultant will not render or perform services for any other corporation, firm, entity or person, which are inconsistent with the provisions of this Agreement.

3. COMPENSATION

(a)

As consideration for Consultant’s Service, the Consultant shall be paid 60,000 (sixty thousands) restricted shares of common stock on a task-by-task basis;

(b)

The Consultant will be paid on the last day of the month, only if the work is completed. 

4. INDEPENDENT CONTRACTOR STATUS 

Consultant understands that since the Consultant is not an employee of the Company, the Company will not withhold income taxes or pay any employee taxes on its behalf, nor will it receive any fringe benefits.  The Consultant shall not have any authority to assume or create any obligations, express or implied, on behalf of the Company and shall have no authority to represent the Company as agent, employee or in any other capacity than as herein provided.

5. CONFIDENTIAL INFORMATION

Except as permitted or directed by the Company’s Board of Directors, during the term of Consultant’s engagement or at any time thereafter, the Consultant shall not divulge, furnish or make accessible to anyone or use in any way (other than in the ordinary course of the business of the Company) any confidential or secret knowledge or information of the Company that the Consultant has acquired or become acquainted with or will acquire or become acquainted with prior to the termination of the period of Consultant’s engagement by the Company (including engagement by the Company or any affiliated companies prior to the date of this Agreement) whether developed by Consultant self/herself or by others, concerning any trade secrets, confidential or secret designs, processes, formulas, plans, devices or material (whether or not patented or patentable) directly or indirectly useful in any aspect of the business of the Company, any customer or supplier lists of the Company, any confidential or secret development or research work of the Company, or any other confidential information or secret aspects of the business of the Company. The Consultant acknowledges that the above-described knowledge or information constitutes a unique and valuable asset of the Company and represents a substantial investment of time and expense by the Company, and that any disclosure or other use of such knowledge or information other than for the sole benefit of the Company would be wrongful and would cause irreparable harm to the Company. Both during and after the term of Consultant’s engagement, the Consultant will refrain from any acts or omissions that would reduce the value of such knowledge or information to the Company. The foregoing obligations of confidentiality shall not apply to any knowledge or information that is now published and publicly available or which subsequently becomes generally publicly known in the form in which it was obtained from the Company, other than as a direct or indirect result of the breach of this Agreement by the Consultant.

6. ABILITY TO ENTER INTO AGREEMENT

Each party represents and warrants to the other party that this Agreement has been duly authorized, executed and delivered and that the performance of its obligations under this Agreement does not conflict with any order, law, rule or regulation or any agreement or understanding by which such party is bound.

7. ENTIRE AGREEMENT  

The terms of this Agreement are intended by the parties to be in the final expression of their agreement with respect to the retention of Consultant by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. 

The parties have duly executed this Agreement as of the date first written above:

		
	 
	 

	mCig, Inc.

	CONSULTANT 

	By: 

/s/ Paul Rosenberg                                       

	By:

/s/ Ryan Longley                                              

	Paul Rosenberg,  

President

	Ryan Longley

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]