Document:

Exhibit 10.6

 

Contract for Sale of Commercial Property

 

This Contract for Sale is made on

BETWEEN

Clay Associates, LLC

whose address is

 

1196 McCarter Highway

Newark, NJ 07104

referred to as the Seller,

AND

Chester Meisels

T.A.G. Acquisitions Ltd.

whose address is

130 Route 59, Suite #6

Spring Valley, NY 10977

 

referred to as the Buyer.

 

The words “Buyer” and “Seller”
include all Buyers and all Sellers listed above.

 

1.   Business and Property
Sold. Seller agrees to sell and transfer and Buyer agrees to buy the following described property (the “property”):
81 Clay Street, Newark, NJ 07104 fixtures, This sale is free and clear of any debts, mortgages, security interests or other
liens or encumbrances, except for liens securing liabilities relating to the Property being assumed by Buyer and
except as stated in this Contract. This sale does not include the cash on hand or in banks at the date of closing and/or
the other property specifically excluded, as described and mentioned in Item 2 of Schedule A to the Contract.

 

2.   Purchase Price. The
purchase price is Four Million Dollars and No Cents ($4,000,000.00) plus the amount to be paid Seller, as described
in Paragraph 5 of this Contract.

 

3.   Payment of Purchase
Price. The Buyer will pay the purchase price as follows:

 

	Previously paid by the Buyer (initial deposit)	 	$	   	 
	 	 	 	 	 
	Upon signing of this Contract (balance of deposit)	 	$	50,000	 
	 	 	 	 	 
	Balance to be paid at closing of title, in cash or by certified or bank cashier’s check (subject to adjustment at closing)	 	$	3,950,000	 

 

4.   Deposit Moneys.
All deposit moneys will be held in escrow in an interest-bearing account by Joseph G. DiCorcia, Esq., Attorney for Seller (the
“Escrow Agent”) until Closing of title.

Interest on the deposit moneys will be paid
to the person or persons who receive the deposit moneys when they are released from escrow. If more than one person receives the
deposit moneys, the interest will be divided among all such persons in proportion to the amount of deposit moneys each such person
receives.

 

5.   FIFTEEN (15) DAY DUE
DILIGENCE PERIOD BEGINNING UPON SIGNING OF CONTRACT. NO CONTINGENCIES AFTER THAT PERIOD AND DEOPOSIT BECOMES FIRM. If either party
during the due diligence period finds the property or the terms of this transaction unsatisfactory, either party may cancel said
contract. Seller shall deliver clear and marketable fee title free of all liens and encumbrances unless otherwise agreed
in contract by Buyer and Seller.

 

6.   Time and Place of Closing.
The closing date cannot be made final at this time. The Buyer and Seller agree to make March 16, 2016 or sooner
the estimated date for the closing. Both parties agree that the Seller shall have until two (2) weeks after the closing
to completely vacate the facility. Both parties will fully cooperate so the closing can take place on or before the estimated
date. The closing will be held at the office of the buyer’s attorney.

 

7.   Transfer of Ownership.
At the closing, the Seller will transfer ownership of the property to the Buyer. The Seller will give the
Buyer a properly executed instruments of transfer as are necessary to transfer to Buyer full title to the Property
referred to in this Contract. If the Seller is a corporation, it will also deliver a corporate resolution authorizing
the sale.

 

8.   Indemnification of Seller.
The Buyer will indemnify the Seller against (1) any and all liability under the contracts and obligations assumed
under this Contract, provided that Seller is not in default under any of such contracts or obligations at the date
of closing; and (2) all actions, suits, proceedings, judgments, costs and expenses (including reasonable attorney fees) connected
with the matters described in (1), including any actions, suits or proceedings between Buyer and Seller, including
actions, suits or proceedings to enforce Buyer’s obligations under this Paragraph 12. The Buyer shall not be liable
for any of the obligations or liabilities of Seller of any kind and nature other than those specifically assumed under this
Contract.

 

9.   Inspection of the Business.
The Seller will permit the Buyer and Buyer’s representative(s) to inspect the Property from
time to time at any reasonable time before the closing. The Seller will permit access for all inspections provided for
in this Contract, and allow the Buyer Fifteen (15) days in order to conduct due diligence and have free access
to all property records, leases, documents, mortgages, survey, bills and tax information, income and expenses etc. If Buyer is
not satisfied with Due Diligence information at the end of the 15 day period, Buyer many cancel said contract.

 

	
        351S Contract for Sale of Business

 Ind. or Corp.

        Rev. 12/99 P5/10
	
        Powerel by

        
	
        ©1999 by ALL-STATE LEGAL®

        A Division of ALL-STATE International, Inc.

www.aslegal.com   800.222.0510   Page 1

 

    	 	 	 

     

    

 

10.  Representations of Seller. The Seller represents
and warrants that the Seller:

		a.	Is duly qualified and licensed to carry on the Business as now owned and conducted.

		b.	Is the owner of and has good and marketable title to the property to be sold free of all restrictions
on transfer or assignment and of all encumbrances unless otherwise set forth in this Contract.

		c.	Has to the best of its knowledge operated the Property in accordance with all laws.

		d.	Is not subject to any proceedings, judgments, or liens now pending or threatened against the Seller
or against the Property.

 

11.  Risk of Loss. The Seller
is responsible for any damage to the assets being sold to the Buyer, except for normal wear and tear, until the closing.
If there is damage, the Buyer can proceed with the closing and either:

		a.	require that the Seller repair the damage before the closing, or

		b.	deduct from the purchase price a fair and reasonable estimate of the cost to repair the property.

In addition, either party may cancel this Contract
if the cost of repair is more than 10% of the purchase price. If, by reason of any destruction, loss, or damage, the Buyer
shall have the right to terminate this Contract on written notice to Seller.

 

12.  Cancellation of Contract.
If this Contract is legally and rightfully canceled, the Escrow Agent will return the deposit to Buyer and
Buyer and Seller will be free of liability to each other.

 

13.  Adjustments at Closing. At
the closing the following adjustments shall be made: All operating expenses including, but not limited to: rent; insurance premiums;
utility charges; taxes of any nature; interest on loans; mortgages or other liens, if any; payroll; and payroll taxes.

 

14.  Broker Commissions. Upon
delivery of the Bill of Sale, payment of all amounts, if any, that the Buyer and the Seller are required
by this Contract to pay at closing, and delivery of any promissory note and other documents required by this Contract,
the Seller will pay to Paris Real Estate, Inc. a commission of __________________% of the purchase price. Details
of which are under separate agreement between the brokers.

 

15.  Survival of Terms of Contract.
The warranties, covenants and promises contained in this Contract will not merge in but will survive the Bill of Sale
and become part of the Bill of Sale and will continue in full force and effect as though set forth at length in the Bill of Sale.

 

16.  Security for Buyer Deposit
and Search Costs. The Seller grants the Buyer a security interest in all assets of the Property being
sold under this Contract to secure the deposit paid by the Buyer and the reasonable expense of the examination of
title. This security interest will terminate automatically if the Buyer defaults under this Contract.

 

17.  Gender and Number. In
all references in this Contract to any parties, persons, entities or corporations, the use of any particular gender or the
plural or singular number is intended to include the appropriate gender or number as the text of this Contract may require.

 

18.  Complete Agreement. This
Contract is the entire and only agreement between the Buyer and the Seller. This Contract replaces
and cancels any previous agreements between the Buyer and the Seller. This Contract can only be changed by
an agreement in writing signed by both Buyer and Seller. The Seller represents to the Buyer that the Seller
has not made any other Contract to sell the property to anyone else.

 

19.  Parties Liable. This
Contract is binding upon all parties who sign it and all who succeed to their rights and responsibilities.

 

20.  Notices. All notices
under this Contract must be in writing. The notices must be delivered personally or mailed by certified mail, return receipt
requested, or sent by fax or overnight delivery service to the other party at the address written in this Contract, or to
that party’s attorney.

 

21.  Seller does not indemnify
Buyer as to any warrantees or representations about said Property. Said Property will be transferred in “As Is” condition.

 

22.  There are no other contingencies associated with
the sale of this Property.

 

	
        351S Contract for Sale of Business 

Ind. or Corp.

        Rev. 12/99 P5/10
	
        Powered by

        
	
        ©1999 by ALL-STATE LEGAL®

        A Division of ALL-STATE International. Inc.

        www.aslegal.com   800.222.0510   Page 2

 

    	 	 	 

     

    

 

	SIGNED AND AGREED TO BY:	 	 
	    Witnessed or Attested by:	Date Signed:	Buyer:  /s/ Chester Meisels
	 	12/15/15	 
	 	 	Chester Meisels
	 	 	T.A.G. Acquisitions Ltd.
	 	 	Print Name & Title:
	 	 	 
	    As to Buyer(s)	 	 
	 	 	 
	 	 	Print Name & Title:
	 	 	 
	 	 	Print Name & Title:
	 	 	/s/ Martin Lucibello
	 	 	Martin Lucibello
	 	 	Manager
	    As to Seller(s)     	 	Clay Associates, LLC
	 	 	 
	 	 	Print Name & Title:
	 	 	 
	    AGREEMENT TO ACT AS ESCROW AGENT BY:	 
	 	 	 
	 	 	(Seal)               
	Witnessed by	 	, ESCROW AGENT              

 

STATE OF NEW JERSEY, COUNTY OF SS:

I CERTIFY that on,

                                     personally
came before me and stated to my satisfaction that this person:

a.   Was the maker of the attached instrument; and

b.   Executed this instrument as his or her own act.

 

	 	Print Name & Title:
	 	 
	STATE OF NEW JERSE COUNTRY OF	  SS:

I CERTIFY that on, 12/17/15

Martin Lucibello personally came before me and stated to
my satisfaction that this person (or if more than one, each person):

a.  Was the maker of the attached instrument;

b.  Was authorized to and did execute this instrument
as Managing Member of Clay Associates, LLC the entity named in this instrument; and

c.  Executed this instrument as the act of the entity
named this instrument.

 

	 	/s/ Joseph G. DiCorcia
	 	Joseph G. DiCorcia, Esq.
	 	Attorney at Law of the State of New Jersey
	 	Print Name & Title:

 

	
        351S Contract for Sale of Business 

Ind. or Corp.

        Rev. 12/99 P5/10
	
        Powered by

        
	
        ©1999 by ALL-STATE LEGAL®

        A Division of ALL-STATE International. Inc.

        www.aslegal.com   800.222.0510   Page 3Exhibit 10.7

 

 

THIS AGREEMENT made as of the 1st day of January, 2015,
between T.A.G. Acquisitions LTD a corporation incorporated under the laws of Delaware, and having its principal place of business
at 130 Route 59 Suite #6, Spring Valley, NY 10977 (the “Employer”); and Cheskel Meisels residing at 7 Ronald Drive
#7A Of the City of Monsey, NY 10952 in the state of New York (the “Employee”).

 

WHEREAS the Employer and the Employee wish to enter into an employment
agreement governing the terms and conditions set forth.

 

IN CONSIDERATION of the promises and valuable consideration the
parties agree as follows:

 

		1.	Employment:

The Employee agrees that he/she will at all times faithfully,
industriously, and to the best of his/her skill, ability, experience and talents, perform all of the duties required of his/her
position in a professional manner. In carrying out these duties and responsibilities, the Employee shall comply with all Employer
policies, procedures, rules and regulations, both written and oral, as are announced by the Employer from time to time. It is also
understood and agreed to by the Employee that his/her assignment, duties and responsibilities and reporting arrangements may be
changed by the Employer in its sole discretion without causing termination of this agreement.

 

		2.	Duties and Responsibilities: 

The Employee shall be employed to perform the duties as
a CEO, President, Secretary & Chairman of The Board, the current duties and responsibilities of which are set out in Schedule
“A” annexed hereto and forming part of this agreement, said duties shall be performed in a professional manner. These
duties and responsibilities may be amended from time to time in the sole discretion of the Employer, subject to formal notification
of same provided to the Employee.

 

		3.	Compensation:

		(a)	As full compensation for all services provided the employee shall be paid at the rate of $208,250 annually in Monthly installments.
Such payments shall be subject to normal statutory deductions by the Employer.

		(b)	The salary mentioned in paragraph (3) (a) shall be reviewed on an annual basis.

 

    	1 of 4 Pages	 	 

     

    

 

		(c)	All reasonable expenses arising out of employment shall be reimbursed assuming same have been authorized prior to being incurred
and with the provision of appropriate receipts.

 

		4.	Vacation / Sick/Personal Days:

The Employee is entitled for two weeks paid vocation,
five sick days and seven personnel days per annum after first year of employment.

 

		5.	Probation Period:

It is understood and agreed that the first one hundred
twenty days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion,
terminate the Employee's employment, for any reason without notice or cause.

		(a)	The Employer shall have an opportunity to assess the performance, attitude, skills and other employment-related attributes
and characteristics of the Employee;

		(b)	The Employee shall have an opportunity to learn about both the Employer and the position of employment;

		(c)	Either party may terminate the employment relationship at any time during the initial four month period without advance notice
or justifiable reason, in which case there will be no continuing obligations of the parties to each other, financial or otherwise.

 

		6.	Confidentiality:

The Employee acknowledges that, in the course of performing
and fulfilling his duties hereunder, he/she may have access to and be entrusted with confidential information concerning the present
and contemplated financial status and activities of the Employer, the disclosure of any of which confidential information to competitors
of the Employer would be highly detrimental to the interests of the Employer. The Employee further acknowledges and agrees that
the right to maintain the confidentiality of such information constitutes a proprietary right which the Employer is entitled to
protect. Accordingly, the Employee covenants and agrees with the Employer that he/she will not, during the continuance of this
agreement, disclose any such confidential information to any person, firm or corporation, nor shall he/she use same, except as
required in the normal course of his/her engagement hereunder, and thereafter he/she shall not disclose or make use of the same.

 

		7.	Termination:

		(a)	The Employee may at any time terminate this agreement and his/her employment by giving not less than two weeks written notice
to the Employer.

		(b)	The Employer may terminate this Agreement and the Employee's employment at any time, without notice or payment in lieu of notice,
for sufficient cause.

		(c)	The Employer may terminate the employment of the Employee at any time without the requirement to show sufficient cause pursuant
to (b) above, provided the Employer pays to the Employee an amount as required by the Employment Standards Act 2000 or other such
legislation as may be in effect at the time of termination. This payment shall constitute the employees entire entitlement arising
from said termination.

 

    	2 of 4 Pages	 	 

     

    

 

		(d)	The Employee agrees to return any property of T.A.G. Acquisitions LTD at the time of termination.

 

		8.	Restrictive Covenant, Non- Competition:

		(a)	It is further acknowledged and agreed that the following termination of the employee's employment with T.A.G. Acquisition LTD
for any reason the employee shall not hire or attempt to hire any current employees of T.A.G. Acquisitions LTD.

		(b)	It is further acknowledged and agreed that following the termination of the employment of the Employee by the Employer, with
or without cause, or the voluntary withdrawal by the Employee from the Employer, the Employee shall, for a period of one year following
the said termination or voluntary withdrawal, within the USA refrain from either directly or indirectly soliciting or attempting
to solicit the business of any client or customer of the Employer for his own benefit or that of any third person or organization,
and shall refrain from either directly or indirectly attempting to obtain the withdrawal from employment by the Employer of any
other employee of the Employer having regard to the same geographic and temporal restrictions. The Employee shall not directly
or indirectly divulge any financial information relating to the Employer or any or its affiliates or clients to any person whatsoever.

 

		9.	Laws:

This agreement shall be governed by the laws of the New
York State of United States of America.

 

		10.	Independent Legal Advice:

The Employee acknowledges that the Employer has provided
the Employee with a reasonable opportunity to obtain independent legal advice with respect to this agreement, and that either:

		(a)	The Employee has had such independent legal advice prior to executing this agreement, or;

		(b)	The Employee has willingly chosen not to obtain such advice and to execute this agreement without having obtained such advice.

 

		11.	Entire Agreement:

This agreement contains the entire agreement between the
parties, superseding in all respects any and all prior oral or written agreements or understandings pertaining to the employment
of the Employee by the Employer and shall be amended or modified only by written instrument signed by both of the parties hereto.

 

		12.	Severability:

The Parties hereto agree that in
the event any article or part thereof of this agreement is held to be unenforceable or invalid then said article or part shall
be struck and all remaining provision shall remain in full force and effect.

 

    	3 of 4 Pages	 	 

     

    

 

IN WITNESS WHEREOF the Employer has caused this agreement to be
executed by its duly authorized officers and the Employee has set his hand as of the date first above written.

 

	SIGNED, in the presence of:	 	TAG ACQUISITIONS
	 	 	 
	Cheskel Meisels	 	Cheskel Meisels
	[Name of Employee]	 	[Name of Employer]
	 	 	 
	/s/ Cheskel Meisels	 	/s/ Cheskel Meisels
	[Signature of Employee]	 	[Signature of Employer]

 

    	4 of 4 Pages	 	 

     

    

 

 

Employment Agreement “Schedule A”

 

Position Title:

 

As a CEO, President, Secretary, & Chairman of the
board. The Employee is required to perform the following duties and undertake the following responsibilities in a professional
manner.

		(a)	Developing and implementing high level strategies

		(b)	Making major corporate decisions

		(c)	Managing the overall operations and resources of the company

 

(e) Other duties as may arise from time to time and as
may be assigned to the employee

 

	/s/ Cheskel Meisels	 	By: /s/ Cheskel Meisels
	Cheskel Meisels	 	T.A.G. Acquisitions,
	 	 	Cheskel Meisels

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