Document:

Exhibit 10.12

 

ASSET PURCHASE AGREEMENT

 

BY AND AMONG

 

GENERATION HEMP, INC.,

a Colorado corporation,

 

GENH HALCYON ACQUISITION, LLC,

a Texas limited liability company,

 

OZ CAPITAL, LLC,

a Texas limited liability company,

 

OZC AGRICULTURE KY, LP,

a Texas limited partnership,

 

HALCYON THRUPUT, LLC,

a Texas limited liability company,

 

AND

 

THE OWNERS SET FORTH ON THE SIGNATURE
PAGES HERETO

 

DATED: March 7, 2020

 

     

     

    

 

TABLE OF CONTENTS

 

		 	Page No.
	1. Purchase and Sale of Assets.	1
	1.1	Transfer of Assets at Closing.	1
	1.2	Excluded Assets.	3
	1.3	Consents.	3
	1.4	Real Property.	4
	2. Liabilities.	4
	2.1	Assumed Liabilities at the Closing.	4
	2.2	Retained Liabilities.	4
	3. Purchase Price.	6
	3.1	Purchase Price.	6
	3.2	Earn-Out.	8
	3.3	Definitions.	8
	3.4	Earn-Out Procedures.	9
	3.5	Working Capital Adjustment.	10
	3.6	Allocation of Purchase Price.	12
	4. Representations and Warranties.	12
	4.1	Representations and Warranties of Seller.	12
	4.2	Representations and Warranties of Owners.	21
	4.3	Representations and Warranties of Buyer.	22
	5. Additional Covenants of Buyer and Seller.	23
	5.1	Labor and Employment Matters.	23
	5.2	Operation of the Business Prior to Closing.	24
	5.3	Restrictive Covenants.	24
	5.4	Press Releases and Announcements.	25
	5.5	Litigation Support.	25
	5.6	Further Assurance.	26
	5.7	Payment of Sales or Transfer Taxes.	26
	5.8	Consents; Permits.	26
	5.9	Name Change.	26
	5.10	Information Regarding Buyer.	26
	5.11	Website.	26
	5.12	Rights.	27
	5.13	Pro Formas.	27
	5.14	Personal Guaranty.	27
	6. Closing.	28
	6.1	Closing.	28
	6.2	Deliveries at Closing.	28
	7. Condition Precedent to Buyer’s and GENH’s Obligations Hereunder.	30
	7.1	Covenants and Deliverables.	30
	7.2	Representations and Warranties.	30
	7.3	Material Adverse Change.	30
	7.4	Certificates.	30

 

    i 

     

    

 

	7.5	Permits.	30
	7.6	No Liens.	30
	7.7	No Actions.	30
	7.8	Due Diligence.	31
	7.9	Required Consents Obtained.	31
	7.10	Sufficiency of Employees.	31
	7.11	Exhibits and Schedules.	31
	7.12	Insurance Claim.	31
	7.13	Real Property.	31
	7.14	SEC Waiver.	31
	7.15	Equity.	31
	8. Conditions Precedent to Seller’s, Parent’s and Owners’ Obligations Hereunder.	32
	8.1	Covenants and Deliverables.	32
	8.2	Representations and Warranties.	32
	8.3	Certificates.	32
	8.4	No Actions.	32
	9.	Termination of Agreement.	32
	10. Indemnification.	33
	10.1	Survival of Representations, Warranties, Covenants, and Indemnifications.	33
	10.2	Indemnification by Seller, Parent, Oz Capital and Owners.	33
	10.3	Indemnification by Buyer.	34
	10.4	Claims.	34
	10.5	Limitation of Liability.	35
	10.6	Offset.	35
	10.7	Limitations.	35
	11. General Provisions.	36
	11.1	Recitals.	36
	11.2	Exclusivity.	36
	11.3	Notices.	36
	11.4	Complete Agreement; Burden and Benefit; Assignment.	37
	11.5	Modification and Waiver.	37
	11.6	Governing Law; Venue.	37
	11.7	Arbitration.	38
	11.8	Waiver of Jury Trial.	38
	11.9	Severability.	38
	11.10	Counterparts.	38
	11.11	Exhibits and Schedules.	38
	11.12	Section and Subsection Headings.	38
	11.13	No Strict Construction.	38
	11.14	Expenses.	38
	11.15	Independent Counsel.	38
	11.16	Attorneys’ Fees.	38

 

    ASSET PURCHASE AGREEMENT – Page ii

     

    

 

ASSET PURCHASE AGREEMENT

 

THIS ASSET PURCHASE
AGREEMENT (this “Agreement”) is effective as of March 7, 2020 (the “Effective Date”),
by and among GENERATION HEMP, INC., a Colorado corporation (“GENH”), GENH HALCYON ACQUISITION, LLC,
a Texas limited liability company and a wholly-owned subsidiary of GENH (“Buyer”), OZ CAPITAL, LLC, a
Texas limited liability company (“Oz Capital”), OZC AGRICULTURE KY, LP, a Texas limited partnership (“Parent”),
HALCYON THRUPUT, LLC, a Texas limited liability company and a wholly-owned subsidiary of Parent (“Seller”),
and Owners set forth on the signature pages hereto (individually, “Owner” and collectively, “Owners.”)
If an Owner is not a natural person, “Owner” shall refer to the individual owners of such Owner set forth on
the signature pages hereto). Buyer, GENH, Seller, Parent and Owners are sometimes hereinafter referred to as the “Parties”
or individually as a “Party.” All capitalized terms used herein that are not defined below shall have the meanings
ascribed to them in Exhibit “A” attached hereto.

 

WITNESSETH:

 

WHEREAS, Seller operates
an agricultural processing facility that dries, cleans and stores hemp biomass for both in-network and out-of-network farms (the
“Business”);

 

WHEREAS, Oz Capital
owns the real estate and improvements thereon that are used by the Business (the “Real Property”);

 

WHEREAS, GENH focuses
on all aspects of the hemp industry and intends to acquire businesses that enable it to be vertically integrated within the hemp
industry; and

 

WHEREAS, Seller and
Oz Capital desire to sell to Buyer, and Buyer desires to purchase from Seller, substantially all of the assets of Seller and the
Real Property utilized in connection with the ownership and operation of the Business;

 

NOW, THEREFORE, in
consideration of the foregoing, and of the mutual promises contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

1. Purchase
and Sale of Assets.

 

1.1 Transfer
of Assets at Closing. At the Closing, subject to and upon the terms and conditions provided herein, and in reliance upon the
representations, warranties and covenants set forth herein, Seller will sell, assign, transfer, convey, and deliver to Buyer, and
Buyer will acquire, purchase and accept from Seller, free and clear of all Liens, except for Permitted Liens, all of the assets,
property and rights, tangible and intangible, of every kind and description, wherever located (excluding the Excluded Assets),
owned or used by, or licensed to, Seller (the “Assets”), including, without limitation, the following Assets
relating to the Business:

 

(a) all
current customer Contracts, licenses, agreements, leases, customer lists, files and commitments relating to the Business, including,
without limitation, the Contracts, licenses, agreements and commitments that are set forth on Schedule 1.1(a), and all rights,
guarantees, warranties, and indemnities thereon (the “Business Agreements”);

 

    ASSET PURCHASE AGREEMENT – Page 1

     

    

 

(b) all
furniture, computers, equipment, fixtures, personal property and other tangible assets used or usable by the Business, including,
without limitation, those tangible assets that are identified on Schedule 1.1(b);

 

(c) all
billed and unbilled accounts receivable of the Business, including, but not limited to, those that are identified on Schedule
1.1(c);

 

(d) all
inventory, work in progress, parts, materials and related items of the Business, including, but not limited to, those listed on
the Seller’s accounts receivable aging report attached to Schedule 1.1(d);

 

(e) all
intellectual property owned or licensed by Seller, or to which Seller has any rights, and used by Seller in the operation of the
Business (excluding intellectual property belonging to third parties that is not transferrable or assignable to Buyer), including,
without limitation, all of the following worldwide intangible legal rights, whether or not filed, perfected, registered or recorded
and whether now or hereafter existing, filed, issued or acquired: (i) all patents, patent applications, and patent rights, including
any and all continuations, divisions, reissues, reexaminations or extensions thereof; (ii) all rights associated with works of
authorship, including, but not limited to, copyrights, copyright applications and copyright registrations; (iii) all registered
and unregistered state and federal trademarks and servicemarks, trademark applications and registrations and all goodwill associated
therewith; (iv) all rights relating to the protection of trade secrets, know-how and other confidential information, including,
but not limited to, rights in industrial property and all associated information and other confidential or proprietary information;
(v) all industrial design rights; (vi) all rights to inventions, discoveries, and ideas, whether patentable or not, including the
right to seek patent protection for inventions and discoveries; (vii) the right to obtain an assignment of any of the rights set
forth in the preceding clauses under employment agreements and otherwise; (viii) to the extent transferrable or assignable, Seller’s
right to use any licensed software or other licensed intellectual property; and (ix) any rights analogous to those set forth in
the preceding clauses and any other proprietary rights relating to intangible property together with all rights corresponding thereto
throughout the world, including all income, royalties, damages and payments for past and future infringements thereof, together
with full right to sue for and recover all damages and profits recoverable for infringements of such rights, and all intellectual
property rights and all other proprietary information, including, but not limited to, trade secrets (collectively, “Intellectual
Property”);

 

(f) all
licenses and permits used in the Business, including those that are identified on Schedule 1.1(f), to the extent they are
legally transferable or assignable (the “Permits”);

 

(g) all
telephone numbers, facsimile numbers, websites, internet domain names and social media rights (e.g. Facebook, Twitter and Instagram
accounts) and related or similar assets used in the Business, including, without limitation, the assets identified on Schedule
1.1(g);

 

(h) all
data, files and records related to the operations of the Business, including, without limitation, all books, customer lists and
records, client lists and files, supplier lists, billing information, mailing lists, referral sources, personnel records (other
than personnel records not subject to transfer or disclosure by applicable law), files related to employees and independent contractors,
production reports and records, service and warranty records, equipment logs, operating guides and manuals, reports, correspondence
and other similar documents and records (the “Records”);

 

    ASSET PURCHASE AGREEMENT – Page 2

     

    

 

(i) all
rights accruing under any confidentiality or non-compete agreements or provisions relating to the Business, including, without
limitation, (i) those agreements and provisions described on Schedule 1.1(i), (ii) all agreements or provisions with current
and former employees and current and former independent contractors of Seller, and (iii) all rights to enforce the foregoing agreements
and to obtain remedies for breaches thereof;

 

(j) all
rights of recovery, causes of action, choses in action, insurance claims and insurance proceeds, and all other claims of Seller
against third parties relating to any of the foregoing assets of the Business, whether choate or inchoate, known or unknown, contingent
or noncontingent; and the Insurance Claim, the WCA Claim and the Settlement Amount; and

 

(k) the
Business as a going concern and all goodwill of the Business, including, without limitation, all of Seller’s right, title
and interest in and to all trade names used or usable in connection with the Business, including, without limitation, the names
“Halcyon,” “Halcyon Thruput,” including any variations thereof.

 

1.2 Excluded
Assets. The Assets shall not include the following properties, assets and other rights (the “Excluded Assets”),
which shall be retained by Seller:

 

(a) all
bank accounts of the Business;

 

(b) limited
liability company minute books, membership interest transfer records, and tax records of Seller; and

 

(c) any
other assets set forth in Schedule 1.2(c).

 

1.3 Consents.
Except as set forth in Schedule 1.3, to the extent that Seller’s rights under any Contract or Permit that constitutes an
Asset, or any other Asset, may not be assigned to Buyer without the consent of another Person or Governmental Entity and such consent
has not been obtained prior to the Closing (the “Restricted Agreements”), and Buyer has waived in writing the
delivery of such necessary consents and not terminated this Agreement pursuant to Section 9, Seller shall continue, for
as long as Buyer shall reasonably request, but not less than three (3) months following the Closing, to use its commercially reasonable
efforts to obtain such consents as quickly as practicable. Buyer shall provide reasonable cooperation to Seller with respect to
obtaining such consents. Notwithstanding Section 1.1 and Section 2.1 hereof, neither this Agreement nor any other
document or agreement to be entered into hereunder (the “Ancillary Documents”) shall constitute a sale, assignment,
assumption, transfer, conveyance or delivery, or an attempted sale, assignment, assumption, transfer, conveyance or delivery, of
the Restricted Agreements. Pending receipt of such consent relating to any Restricted Agreement, the Parties shall cooperate with
each other, in a reasonable and lawful manner, to provide to Buyer, to the extent practicable without violating the terms of such
Restricted Agreement, the benefits of the Restricted Agreement for the remainder of its term (or any right or benefit arising thereunder,
including, without limitation, the enforcement for the benefit of Buyer of any and all rights of Seller against a third party thereunder).
Once the necessary consent for the sale, assignment, assumption, transfer, conveyance and delivery of a Restricted Agreement is
received, Seller shall, for no additional consideration, promptly assign, transfer, convey and deliver such Restricted Agreement
to Buyer, and Buyer shall assume the express obligations under such Restricted Agreement assigned to Buyer effective as of the
Closing pursuant to a special-purpose assignment and assumption agreement substantially similar in terms to those of the Bill of
Sale - Assignment and Assumption Agreement attached hereto as Exhibit “B” to be executed at the Closing (which
special-purpose agreement the parties shall prepare, execute and deliver in good faith at the time of such transfer, for no additional
consideration; provided, that each Party shall pay its respective costs incurred in connection with such special purpose agreement).

 

    ASSET PURCHASE AGREEMENT – Page 3

     

    

 

1.4 Real
Property. Buyer or its Affiliates shall acquire the Real Property from Oz Capital pursuant to the Real Property Purchase Agreement
attached hereto as Exhibit “C” (the “Real Property Purchase Agreement”), which Buyer and
Oz Capital shall execute simultaneously with the execution of this Agreement and close simultaneously with the Closing. A portion
of the Purchase Price shall be allocated to the Real Property pursuant to and in accordance with Section 3.6.

 

1.5 DaysOS
Software. Buyer or its Affiliates shall acquire 100% of Oz Capital’s membership interest (the “DaysOS Interest”)
in DaysOS, LLC, a Texas limited liability company (“DaysOS”), pursuant to a membership interest purchase agreement
in form and substance reasonably satisfactory to Buyer, which Buyer, Oz Capital and SixOneFive Ventures LLC, a Tennessee limited
liability company, shall execute simultaneously with the Closing (“DaysOS Membership Interest Purchase Agreement”).
Additionally, Buyer or its Affiliates shall enter into a perpetual, royalty-free, worldwide software license agreement, in form
and substance reasonably satisfactory to Buyer, with DaysOS in connection with the DaysOS software program used by Seller in connection
with the Business (the “DaysOS Software License”). A portion of the Purchase Price shall be allocated to the
DaysOS Interest and the DaysOS Software License pursuant to and in accordance with Section 3.6.

 

2. Liabilities.

 

2.1 Assumed
Liabilities at the Closing. Upon the terms and subject to the conditions of this Agreement, as of the Closing, Buyer shall
assume, discharge and perform when lawfully due only the liabilities, obligations and commitments of Seller relating exclusively
to (i) the Business Agreements, based upon events occurring on or after the Closing Date, but expressly excluding any obligations,
liabilities, or commitments of Seller for any breach of or default under any Business Agreement occurring or accruing on or prior
to the Closing Date; (ii) accounts payable reflected on the Seller’s accounts payable aging report attached to Schedule
2.1(ii); and (iii) the indebtedness for borrowed money reflected on Schedule 2.1(iii) (collectively, the “Assumed
Liabilities”).

 

2.2 Retained
Liabilities. Notwithstanding any other provision of this Agreement, except for the Assumed Liabilities, Buyer shall not assume,
pay, honor, discharge or otherwise be responsible for, any Losses, injuries, damages, deficiencies, obligations, liabilities, liens
or encumbrances of Seller directly or indirectly resulting from Seller’s ownership of the Assets or the condition thereof
on the Closing Date, or from Seller’s operation of the Business prior to the Closing Date, whether or not reflected in the
Records, whether actual or contingent, matured or unmatured, liquidated or unliquidated, or known or unknown, whether arising or
accruing out of occurrences or omissions prior to, at or after the Closing Date (collectively, the “Retained Liabilities”),
which Retained Liabilities shall include, without limitation:

 

    ASSET PURCHASE AGREEMENT – Page 4

     

    

 

(a) any
Liability arising out of or relating to services or products of Seller to the extent designed (provided that such design has not
been modified by Buyer after the Closing Date and such modification is the cause of such Liability), manufactured, provided or
sold on or prior to the Closing Date, including any (i) invoice credits or client refunds due to a client from Seller; or (ii)
penalties imposed on Seller or its clients, pertaining to periods prior to Closing;

 

(b) all
outstanding payables relating to the Business, not expressly assumed by Buyer, that arise out of or relate to events occurring
on or prior to the Closing Date;

 

(c) any
Liability of Seller or Owners in respect of any Tax that accrues or relates to the time period preceding the Closing with respect
to the Business (including, without limitation, (i) any Liability of Seller for the Taxes of any other Person (A) under Treasury
Regulation Section 1.1502-6 (or any similar provision of state, local, or foreign law); (B) as a transferee or successor,
(C) by contract; or (D) otherwise; and (ii) any Liability of Seller or Owners for Taxes arising in connection with the consummation
of the transactions contemplated by this Agreement);

 

(d) any
Liability under any Contract, agreement, lease or other document not expressly or specifically assumed by Buyer under this Agreement;

 

(e) any
Liability to or in respect of the employees or former employees of Seller arising out of such employees’ employment with
Seller, including, without limitation, (i) any Liability under any employee plan at any time maintained, contributed to, or required
to be contributed to by, or with respect to, Seller or under which Seller may incur Liability, or any contributions, benefits or
Liabilities therefor, or any Liability with respect to Seller’s withdrawal or partial withdrawal from or termination of any
employee plan, including, without limitation, any supplemental executive retirement employee plan; (ii) any Liability or obligation
for the current funding obligations under any employee plan in existence, or arising out of the period, on or prior to the Closing
Date; and (iii) any claim of an unfair labor practice, or any claim under any state unemployment compensation or worker’s
compensation law or regulation or under any federal or state employment discrimination law or regulation or any other basis for
similar claims, which shall have been asserted on or prior to the Closing Date or is based on acts or omissions which occurred
on or prior to the Closing Date;

 

(f) any
Liability under any employment, severance, retention, incentive or bonus compensation, or termination agreement, whether or not
written, between Seller and any employee, consultant or agent of Seller that arises out of or relates to events occurring on or
prior to the Closing Date;

 

(g) any
Liability arising out of or relating to any grievance of any employee, agent or contactor of Seller, whether or not the affected
persons are hired by Buyer, that arises out of facts or events occurring on or prior to the Closing Date;

 

(h) any
Liability of Seller to any Affiliate of Seller;

 

(i) any
Liability of Seller to indemnify, reimburse or advance amounts to any officer, director, manager, employee, agent, contractor or
other representative of Seller;

 

    ASSET PURCHASE AGREEMENT – Page 5

     

    

 

(j) any
Liability of Seller to distribute to any members or creditors of Seller or otherwise apply all or any part of the consideration
received by Seller hereunder;

 

(k) any
Liability of Seller arising out of or resulting from Seller’s compliance or noncompliance with any Legal Requirement or court
order of any Governmental Entity;

 

(l) any
Liability of Seller to any licensor, including, without limitation, any commissions and royalties accrued or owed to any licensor
on or prior to the Closing Date, or based on acts or omissions that occurred on or prior to the Closing Date;

 

(m) any
Liability of Seller in connection with this Agreement or any Ancillary Document;

 

(n) any
obligation of Seller or any of its Affiliates or members to pay any finder’s fee, brokerage fees or commission or similar
payment in connection with the transaction contemplated in this Agreement;

 

(o) any
Liabilities relating to any insurance policy of Seller;

 

(p) any
Liability of Seller based upon Seller’s acts or omissions occurring prior to the Closing Date with respect to its operation
of the Business, unless otherwise assumed herein;

 

(q) any
litigation related to the Business, whether currently ongoing, or brought after Closing related to acts, events or circumstances
occurring prior to the Closing, unless otherwise assumed herein; and

 

(r) any
other Liability of Seller not expressly assumed by Buyer.

 

3. Purchase
Price.

 

3.1 Purchase
Price.

 

(a) Amount
of Purchase Price. As full consideration for the sale of the Business and the Real Property, consisting of the transfer and
conveyance of the Assets by Seller free and clear of all Liens, except for Permitted Liens, to Buyer hereunder, Buyer shall pay
to Seller an aggregate purchase price (the “Purchase Price”) which will be payable as follows: (i) $2,600,000.00
will be paid in cash at the Closing, subject to adjustment pursuant to Section 3.1(c), Section 3.1(d), Section
3.1(e), and Section 3.5 below (the “Cash Payment”); (ii) 1,250,000 shares of Common Stock, no par
value per share of GENH (“GENH Common Stock”), which number is equal to the quotient of $2,500,000.00 divided
by $.50, will be issued to the Holders (hereinafter defined) (the “Stock Consideration”); and (iii) certain
potential payments in either cash or GENH Common Stock pursuant to the Earn-Out, shall be paid at such times and in such amounts
as provided in Sections 3.2, 3.3, and 3.4 below. The Purchase Price is subject to adjustment pursuant to Sections
3.1(c) and 3.5 below. The Cash Payment shall be made in cash by wire transfer of immediately available funds to the
account of Seller. Seller shall specify such account to Buyer in writing at least three (3) days prior to the Closing Date.

 

    ASSET PURCHASE AGREEMENT – Page 6

     

    

 

(b) GENH
Common Stock. Seller and Owners acknowledge and agree that the shares of GENH Common Stock issuable to Owners pursuant to this
Agreement shall constitute “restricted securities” within the meaning of Rule 144 of the Securities Act for the
earlier to occur of one year from the date of issuance (the “Restricted Period”) or the registration of the
GENH Common Stock under the Securities Act. The certificates evidencing the shares of GENH Common Stock to be issued to the individuals
and entities set forth on Schedule 3.1(b) (the “Holders”) pursuant to this Agreement shall bear appropriate
legends to identify such privately placed shares as being “restricted securities” under the Securities Act to comply
with state and federal securities laws and, if applicable, to notice the restrictions on transfer of such shares; provided, however,
that each Holder must be an accredited investor. In connection with a registered public offering
of the Company’s securities and upon request of the Company or the underwriters managing such offering of the Company’s
securities, each Holder shall execute a market standoff agreement in the form requested by such underwriters in which they agree
not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose (a “Transfer”)
of any GENH Common Stock held immediately prior to the Company’s offering (other than those included in the registration)
without the prior written consent of the Company or such underwriters, as the case may be, for such period of time from the effective
date of such registration as may be requested by the Company or such managing underwriters (such period not to exceed the Restricted
Period) and to execute an agreement reflecting the foregoing as may be requested by the underwriters at the time of the Company’s
offering.

 

(c)
Insurance Claim Adjustment. Seller and Buyer both agree and acknowledge that Seller is in the process of settling with Global
Indemnity Group (the “Insurance Company”) an insurance claim number 19005172 or any related and supplemental
claims on behalf of the Business relating to a dryer fire occurring in the Real Property (the “Insurance Claim”).
Seller has determined in good faith that the settlement of the Insurance Claim will result in a payment to Seller of not less than
$583,000.00 (the “Estimated Insurance Floor”) and not more than $1,150,000.00 (the “Estimated Insurance
Ceiling”). If the final, binding settlement amount of the Insurance Claim received by Seller (the “Settlement
Amount”) is less than the Estimated Insurance Floor, the Cash Payment shall be decreased on a dollar-for-dollar basis
by the amount the Settlement Amount is less than the Estimated Insurance Floor. If the Settlement Amount received by Seller is
greater than the Estimated Insurance Ceiling, the Cash Payment shall be increased on a dollar-for-dollar basis by the amount of
Settlement Amount exceeds the Estimated Insurance Ceiling.

 

(d) Mechanics
and Materialman’s Liens. Seller and Buyer both agree and acknowledge that Seller and Oz Capital are in the process of
removing certain mechanics’ and materialman’s liens filed against the Real Property as a result of West Coast Agricultural
Construction Company’s failure to pay its subcontractors for work performed on the Real Property (the “WCA Liens”).
If Buyer or its Affiliates incur any costs, including reasonable attorneys’ fees, in releasing the WCA Liens at or before
Closing, the Cash Payment shall be decreased on a dollar-for-dollar basis by the amount of such costs.

 

(e) WCA
Claim. Seller and Buyer both agreed and acknowledge that Seller is in the process of settling the WCA Claim, and that Buyer
is not assuming any liability with respect to the WCA Claim. However, if Buyer recovers any amounts in connection with the WCA
Claim, such amounts will be used to offset any costs incurred by Seller in defending, prosecuting or settling the WCA Claim; provided
that Seller has obtained Buyer’s written consent to incur such costs in defending, prosecuting or settling the WCA Claim.

 

    ASSET PURCHASE AGREEMENT – Page 7

     

    

 

3.2 Earn-Out.
For purposes of this Agreement, the term “Earn-Out” shall include the sum of the Earn-Out Payments under this
Section 3.2. Buyer shall pay on behalf of Seller directly to Owners in equal amounts the sum of the earn-out payments specified
herein, payable at Buyer’s election, exercised at any time prior to the date each Earn-Out Payment is made, either in cash
or in GENH Common Stock (each, an “Earn-Out Payment”) calculated as follows:

 

(a) For
Year One, Seller shall be entitled to an Earn-Out Payment in the amount of $1,000,000.00 of cash or GENH Common Stock if (and only
if) the Net Cash Flow derived from the Business during Year One is equal to or in excess of $2,500,000.00.

 

(b) For
Year Two, Seller shall be entitled to an Earn-Out Payment in the amount of $2,000,000.00 of cash or GENH Common Stock if (and only
if) the Net Cash Flow derived from the Business during Year Two is equal to or in excess of $5,000,000.00.

 

(c) For
Year Three, Seller shall be entitled to an Earn-Out Payment in the amount of $3,000,000.00 of cash or GENH Common Stock if (and
only if) the Net Cash Flow derived from the Business during Year Three is equal to or in excess of $7,500,000.00.

 

(d) If
Buyer elects to pay any Earn-Out Payment in GENH Common Stock, the number of shares of GENH Common Stock to be issued to Seller
for an Earn-Out Payment shall equal the value of the Earn-Out Payment divided by $.50.

 

3.3 Definitions.

 

(a) “Gross
Receipts” means, for any period, all cash revenue and funds received by Buyer from operations derived from the Business
(excluding receipts for capital contributions, Taxes, insurance proceeds, transportation, reimbursables and revenue or receipts
from extraordinary events).

 

(b) “Net
Cash Flow” means, for any period, the Gross Receipts for that period less (i) the sum of all payments of Operating
Expenses (A) during that period; or (B) due at the end of that period; (ii) commercially reasonable  reserves for contingencies,
working capital for current operations and projected growth, and the making of future loans and investments; (iii) all sums paid
to lenders in such period in accordance with the scheduled payment obligations; and (iv) commercially reasonable capital expenditures.
The amount of reserves and capital expenditures shall be deemed commercially reasonable if approved by Jack Sibley and Watt Stephens
in connection with the Buyer’s budgeting process, which approval shall not be unreasonably withheld, delayed or conditioned.
Net Cash Flow shall not be increased or reduced by depreciation, amortization, cost recovery deductions, or similar allowances.

 

(c) “Operating
Expenses” means, for any period, all the expenditures of any kind made or to be made with respect to the Business, including,
without limitation, the compensation of Jack and Watt.

 

    ASSET PURCHASE AGREEMENT – Page 8

     

    

 

3.4 Earn-Out
Procedures.

 

(a) Within
one hundred twenty (120) days after the annual filing of Buyer’s Form 10-K with the U.S. Securities and Exchange Commissions
(“SEC”) after Year One, Year Two, and Year Three (each such one hundred twenty (120)-day period, an “Earn-Out
Calculation Period”), Buyer shall prepare and deliver to Owners a certificate showing Buyer’s audited calculation
of (i) the Net Cash Flow of the Business for such period; and (ii) the Earn-Out payable for such period .

 

(b) Owners
may reasonably request to review all books and records of Buyer related to the preparation of the Earn-Out calculations. Owners
shall have a period of thirty (30) days after its receipt of each of the Earn-Out calculations (each, an “Earn-Out Objection
Period”) in which to provide written notice to Buyer of any objections thereto (each, an “Earn-Out Objection
Notice”), setting forth the specific item or items to which each such objection relates and the specific basis for each
such objection. The Earn-Out calculations shall be deemed to be accepted by Owners and shall become final and binding on the later
of (i) the expiration of the Earn-Out Objection Period; or (ii) the date on which all objections have been resolved by
the Parties; provided, however, that the Earn-Out calculations shall become final and binding prior to the end of such Earn-Out
Objection Period if Owners inform Buyer by written notice of its waiver of the Earn-Out Objection Period with respect to such Earn-Out
calculations and acceptance of the Earn-Out payable for such period. Any Earn-Out Payment shall be paid by Buyer to Owners within
thirty (30) days of the Earn-Out calculation becoming final as set forth in this Section 3.4(b).

 

(c) If Owners
give any Earn-Out Objection Notice and the Parties are unable to resolve a dispute with respect thereto within thirty (30) days
after its date of delivery (which thirty (30) day period may be extended by written agreement of the Parties), such dispute shall
be resolved fully, finally and exclusively in Dallas, Texas through the use of the Dallas, Texas office of RSM USA LLP (the “Accounting
Firm”). In connection with the engagement of the Accounting Firm, each Party shall represent and warrant to the other
Party that the Accounting Firm is not then performing or engaged to perform any material services for such Party (including any
services for which the aggregate fees exceed $10,000.00) and shall promptly execute reasonable engagement letters and promptly
supply such other documents and information as the Accounting Firm reasonably requires and such additional documents and information
as such Party deems appropriate. None of Buyer, Owners or any of their respective Affiliates shall engage, or agree to engage,
or discuss with the Accounting Firm the potential engagement of, the Accounting Firm to perform any services other than as described
in this Section 3.4(c) until after the Accounting Firm completes its resolution of the dispute. The fees and expenses of
the Accounting Firm incurred in the resolution of such dispute shall be borne by the Parties in such proportion as is appropriate
to reflect the relative benefits received by the Parties from the resolution of the dispute. For example, if Owners challenge
the calculation of the payment by an amount of $10,000.00, but the Accounting Firm determines that Owners have a valid claim for
only $4,000.00, Owners shall bear sixty percent (60%) of the fees and expenses of the Accounting Firm, and Buyer shall bear the
other forty percent (40%) of such fees and expenses. Any such arbitration Proceeding shall be commenced within sixty (60) days
of the date of delivery of the Earn-Out Objection Notice, or such period of time as is otherwise agreed to by the Parties, and
the Parties shall submit to the Accounting Firm written submissions detailing the disputed items within twenty (20) days after
the commencement of such Proceeding. The Accounting Firm shall make its determination (and provide written notice thereof to the
Parties) as promptly as practicable, but in all events within thirty (30) days of the date on which written submissions detailing
the disputed items have been forwarded to it. The Accounting Firm’s decision shall be based solely on the written submissions
of the Parties (including any documents or other information submitted by the Parties) and any oral presentations requested or
approved by the Accounting Firm. 

 

    ASSET PURCHASE AGREEMENT – Page 9

     

    

 

3.5 Working
Capital Adjustment.

 

(a) In
connection with the Closing, Seller shall provide Buyer with an estimated consolidated balance sheet of Seller as of the Closing
Date (the “Estimated Balance Sheet”) and the computation of Working Capital (hereinafter defined) prepared therefrom
(“Estimated Working Capital”). The Estimated Balance Sheet and the calculation of the Estimated Working Capital
shall be in form and substance reasonably satisfactory to Buyer and shall be prepared consistent with the methodologies set forth
on Schedule 3.5(a) (the “Working Capital Methodologies”). For purposes of this Section 3.5(a),
“Working Capital” shall generally mean the excess of current assets (excluding cash and cash equivalents and
accounts receivable past due by more than one-hundred eighty (180) days and the WCA Claim and the Insurance Claim and the Settlement
Amount) of Seller over current liabilities of Seller, including any allowance for doubtful accounts.

 

(b) The
target Working Capital on the Closing Date is required to be $300,000.00 (the “Working Capital Target”). If
Estimated Working Capital is less than the Working Capital Target, then the Cash Payment and the Purchase Price will be reduced
by an amount equal to such deficiency. If Estimated Working Capital is more than the Working Capital Target, then the Cash Payment
and the Purchase Price will be increased by an amount equal to such excess.

 

(c) Within
sixty (60) days following the Closing Date, Buyer shall prepare and deliver to Seller (i) a balance sheet of Seller as of
the Closing Date prepared in accordance with the Working Capital Methodologies and in a manner consistent with the Estimated Balance
Sheet (the “Closing Balance Sheet”); and (ii) a calculation of “Adjusted Working Capital,”
which shall be defined as the Working Capital of Seller as of the Closing Date finally determined pursuant to this Section 3.5.

 

(d) During
the time period beginning from date of the delivery to Seller of the Closing Balance Sheet and calculation of the Adjusted Working
Capital and ending on the date of the final resolution of the Closing Balance Sheet and calculation of Adjusted Working Capital
in accordance with this Section 3.5, Buyer shall cooperate with and make available to Seller all information, records, data,
working papers (including those working papers of Buyer’s accountants), supporting schedules, calculations and other documentation
that relate to Buyer’s preparation of the applicable Working Capital calculation and related Working Capital payment, and
shall permit reasonable access to Buyer’s facilities, personnel and accountants, as may be reasonably required in connection
with the review or analysis of the Working Capital calculation and the related Working Capital payment and the resolution of any
disputes in connection therewith. Seller shall have a period of thirty (30) days after its receipt of the Closing Balance Sheet
(the “Objection Period”), in which to provide written notice to Buyer of any objections thereto (the “Objection
Notice”), setting forth in reasonable detail the item(s) to which such objection relates and the basis for each such
objection. The Closing Balance Sheet and the resulting Adjusted Working Capital shall be deemed to be accepted by Seller and shall
become final and binding on the later of (i) the expiration of the Objection Period; or (ii) the date on which all objections
have been resolved by Seller and Buyer; provided, however, that the Closing Balance Sheet and the resulting Adjusted Working Capital
shall become final and binding prior to the end of the Objection Period if Seller informs Buyer by written notice of its waiver
of the Objection Period and acceptance of the Closing Balance Sheet.

 

    ASSET PURCHASE AGREEMENT – Page 10

     

    

 

(e) If
Seller timely provides any Objection Notice and the Parties are unable to resolve a dispute with respect thereto within thirty
(30) days after the date of delivery of the Objection Notice (which thirty (30)-day period may be extended by written agreement
of Seller and Buyer), such dispute shall be resolved fully, finally and exclusively in Dallas, Texas by the Accounting Firm, and
the determination of the Accounting Firm shall be final and binding on the Parties. In connection with the engagement of the Accounting
Firm, Seller and Buyer shall represent and warrant to the other that the Accounting Firm is not then performing or engaged to perform
any material services for any party or its Affiliates (including any services for which the aggregate fees exceed $25,000.00) and
shall promptly execute reasonable engagement letters and promptly supply such other documents and information as the Accounting
Firm reasonably requires or as such party deems appropriate. None of Buyer, Seller, Parent, Oz Capital or the Owners nor any of
their respective Affiliates shall engage, or agree to engage, the Accounting Firm to perform any services other than as described
in this Section 3.5(e) until after the Accounting Firm completes its resolution of the dispute. The fees and expenses of
the Accounting Firm incurred in the resolution of such dispute shall be borne by the parties in such proportion as is appropriate
to reflect the relative benefits received by the parties from the resolution of the dispute. For example, if an Owner challenges
the calculation of the payment by an amount of $10,000.00, but the Accounting Firm determines that such Owner has a valid claim
for only $4,000.00, such Owner shall bear 60% of the fees and expenses of the Accounting Firm, and Buyer shall collectively bear
the other 40% of such fees and expenses. Any resolution proceeding shall be commenced within sixty (60) days of the date of delivery
of the Objection Notice, or such period of time otherwise agreed to by Seller and Buyer, and Seller and Buyer shall submit to the
Accounting Firm written information and documents as such party chooses to submit in connection with such dispute within twenty
(20) days after the commencement of such proceeding. The Accounting Firm shall make its determination of the final Working Capital
amount and related Working Capital payment that is the subject of the dispute (and which determination shall be set forth in a
written report shall be given to Seller and Buyer) as promptly as practicable, but in all events within thirty (30) days of the
date on which written submission materials detailing the disputed items have been forwarded to it. The Accounting Firm’s
decision shall be based solely on the written submission materials of the Owners and Buyer and any oral presentations requested
or approved by the Accounting Firm. The Accounting Firm shall resolve the dispute and calculate the Working Capital amount and
related Working Capital payment only in accordance with the terms of this Agreement, and the Accounting Firm shall not assign a
greater value for any item related to such calculation than the greatest value claimed by either Buyer or Seller for such item
or a smaller value than the smallest value for such item claim by either Buyer or Seller.

 

(f) If
the Adjusted Working Capital is greater than the Estimated Working Capital, such excess will be paid by Buyer to Seller. If the
Adjusted Working Capital is less than the Estimated Working Capital, then Seller shall pay such deficiency to Buyer. All payments
required to be made pursuant to this Section 3.5(f) must be paid by wire transfer of immediately available funds within
ten (10) Business Days after the Closing Balance Sheet and the calculation of the Adjusted Working Capital become final and binding.

 

    ASSET PURCHASE AGREEMENT – Page 11

     

    

 

3.6 Allocation
of Purchase Price. The amount of the aggregate Purchase Price allocated to the noncompetition provisions contained in Section
5.3(a) shall be $500,000.00, which shall be allocated $100,000.00 to Seller and $200,000.00 to each Owner and the remainder
of the aggregate Purchase Price shall be allocated by the Parties prior to Closing among the Assets, the Real Property, and the
DaysOS Interest for all purposes (including all tax and financial accounting purposes) in accordance with the applicable provisions
of Section 1060 of the Internal Revenue Code of 1986, (the “Purchase Price Allocation”). Each Party shall file
all Tax Returns (including amended returns and claims for refund) in a manner reflecting the Purchase Price Allocation. The Parties
shall each execute and timely file a Form 8594 consistent with the Purchase Price Allocation, after exchanging mutually acceptable
drafts of such form (and any equivalent state, municipal, county, local, foreign or other Tax forms) within sixty (60) days after
determination of the Adjusted Working Capital.

 

4. Representations
and Warranties.

 

4.1 Representations
and Warranties of Seller. Seller, Parent, Oz Capital and Owners, jointly and severally, represent and warrant to Buyer and
GENH that the following shall be true and correct as of the Effective Date hereof and as of the Closing:

 

(a) Organization
and Existence of Seller. Each of Seller, Parent and Oz Capital is a limited liability company or limited partnership that is
duly organized, validly existing and in good standing under the laws of the State of Texas. Seller is duly and properly qualified
to do business in the State of Kentucky, which is every jurisdiction in which the Business requires it to be so qualified. Seller
has all requisite power and authority to (i) consummate the terms of this Agreement and the Ancillary Documents; (ii) own the Assets;
and (iii) carry on the Business as heretofore conducted.

 

(b) Authority.
Each of Seller, Parent and Oz Capital has taken all necessary action to approve this Agreement and the Ancillary Documents to which
they are a party, to authorize its officers to execute and deliver this Agreement and such Ancillary Documents to which they are
a party, and to execute and deliver such further documents as are necessary and proper to consummate the terms and provisions of
this Agreement and the Ancillary Documents to which they are a party. Upon the execution of this Agreement and those Ancillary
Documents to which Seller, Parent and Oz Capital are a party, this Agreement and such Ancillary Documents will constitute the valid
and legally binding obligation of each of such Parties, enforceable in accordance with their respective terms.

 

(c) No
Violation or Conflicts. Neither the execution and delivery of this Agreement or any Ancillary Document nor the consummation
of the transactions herein and therein contemplated and compliance with the terms and provisions hereof and thereof will, except
as referenced on Schedule 4.1(c), (i) conflict with or result in any breach or default of any of the terms or conditions
of or constitute a default under or result in the creation of any Lien under: (A) the organizational documents, if and as amended,
of Seller, Parent or Oz Capital; (B) any note, agreement, indenture, mortgage, deed of trust, lease, Contract, agreement, license
or other instrument or obligation to which Seller, Parent or Oz Capital is a party; or (C) any judgment, order, decree, ruling,
injunction, license, permit, law, rule or regulation of any court, governmental body or arbitrator in Proceedings to which Seller,
Parent or Oz Capital are a party or subject; or (ii) require a consent or waiver to be obtained by Seller, Parent and Oz Capital.

 

(d) Title
to Assets; Sufficiency. (i) Seller has good, insurable and marketable title to all of the Assets; and (ii) none of the Assets,
at the time of the Closing, is subject to any Lien, except for Permitted Liens. Upon the sale, assignment, transfer and conveyance
of the Assets to Buyer as contemplated under this Agreement, there will be vested in Buyer good and marketable title to all of
the Assets, free and clear of all Liens, except for Permitted Liens. Except as described on Schedule 4.1(d), the Assets
(i) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary or used to operate the Business
in the manner presently operated by Seller; and (ii) include all of the operating assets of the Business.

 

    ASSET PURCHASE AGREEMENT – Page 12

     

    

 

(e) Financial
Statements. Complete copies of the unaudited financial statements consisting of the balance sheets of the Business December
31, 2019, and the related statements of income and retained earnings, stockholders’ equity and cash flow for the year then
ended (the “Yearly Financial Statements”) and unaudited financial statements consisting of the balance sheet
of the Business at January 31, 2020 (and February 29, 2020 if the Closing is after such date) and the related statements of income
and retained earnings, stockholders’ equity and cash flow for the period then ended (together with the Yearly Financial Statements,
the “Financial Statements”) are included in Schedule 4.1(e). A discussion of the accounting principles,
policies and procedures used in the preparation of the Financial Statements is set forth on Schedule 4.1(e). The Financial
Statements are based on the books and records of the Business, and fairly present the financial condition of the Business as of
the respective dates they were prepared and the results of the operations of the Business for the periods indicated. Except as
set forth on Schedule 4.1(e), the Financial Statements have been prepared on a consistent basis with the accounting principles,
policies and procedures set forth in Schedule 4.1(e). The 2020 pro forma financial statements prepared by Seller (the “Pro
Formas”) were prepared in good faith and based upon commercially reasonable assumptions and objectives and reliable information.

 

(f) No
Undisclosed Liabilities; Contracts to be Assigned. Schedule 4.1(f) attached hereto and the Financial Statements contain
all the Liabilities of the Business. Except as specified in Schedule 4.1(f), to Seller’s Knowledge, no event has occurred
or circumstance exists that (with or without notice or lapse of time) is likely to contravene, conflict with or result in a breach
of, or give Seller or any other Person the right to declare a default or exercise any remedy under, or to accelerate the maturity
or performance of, or payment under, or to cancel, terminate or modify, any lease, loan agreement or Contract evidencing any Liability
of the Business, including any of the Assumed Liabilities.

 

(g) Certain
Developments. Except for actions set forth on Schedule 4.1(g), during the period beginning on December 1, 2019 and ending
on the Closing Date, Seller has not:

 

(i) conducted
the Business outside the Ordinary Course;

 

(ii) made
any distributions, other than distributions to Parent or the Owners for Taxes;

 

(iii) sold,
leased, transferred, or assigned any assets, tangible or intangible, having a value in excess of $25,000.00, other than inventory
sold in the Ordinary Course;

 

(iv) entered
into any single Contract (or series of related Contracts), either (A) other than client Contracts, involving more than $10,000.00
(individually or in the aggregate); (B) outside the Ordinary Course; or (C) that adversely affects the Assets or the right, title
and interest therein of the owner of such Assets, which would be binding upon any subsequent owner of any Assets or which would
run with the respective Assets;

 

    ASSET PURCHASE AGREEMENT – Page 13

     

    

 

(v) entered
into any Government Contracts or accelerated, terminated, modified, or cancelled any Government Contract to which Seller is a party
or by which it is bound either involving more than $10,000.00 (individually or in the aggregate) or outside the Ordinary Course;

 

(vi) entered
into any agreement, Contract, lease or license (or series of related agreements, Contracts, leases or licenses) with any other
individual, partnership, limited liability company, corporation, association, joint stock company, trust, joint venture, unincorporated
organization, Governmental Entity or similar entity that, directly or indirectly, Controls, is Controlled by or is under common
Control with Seller;

 

(vii) waived
any right of material value;

 

(viii) accelerated,
terminated, modified, or cancelled any Contract (or series of related Contracts), involving more than $10,000.00 (individually
or in the aggregate) to which Seller is a party or by which it is bound or had the counterparty to such a Contract accelerate,
terminate, modify or cancel such a Contract;

 

(ix) imposed
any Lien, except for Permitted Liens, upon any of its Assets, tangible or intangible;

 

(x) maintained
the Assets in a state of repair and condition that was inconsistent with the requirements and normal conduct of the Business;

 

(xi) made
any capital expenditure (or series of related capital expenditures) either involving more than $10,000.00 or outside the Ordinary
Course;

 

(xii) made
any capital investment in, any loan to, or any acquisition of the securities or assets of, any other Person (or series of related
capital investments, loans, and acquisitions);

 

(xiii) issued
any note, bond, or other debt security or created, incurred, assumed, or guaranteed any indebtedness;

 

(xiv) billed
and collected its accounts receivable of the Business inconsistent with its Ordinary Course or made an effort to accelerate the
billing or collection of any of such accounts receivable;

 

(xv) delayed
or postponed the payment of accounts payable and other known Assumed Liabilities outside the Ordinary Course;

 

(xvi) declared,
set aside, or paid any dividend or made any distribution (whether in cash or in kind) or redeemed, purchased, or otherwise acquired
any of its equity securities;

 

    ASSET PURCHASE AGREEMENT – Page 14

     

    

 

(xvii) entered
into any employment Contract or collective bargaining agreement, written or oral, or modified the terms of any existing such Contract
or agreement;

 

(xviii) adopted,
amended, modified, or terminated any benefit plan, any profit sharing, incentive, severance, or other plan; or any other Contract
or commitment for the benefit of any of its current or former directors, officers, and employees;

 

(xix) paid,
or committed to pay (whether or not in writing) any severance, termination or similar payment to any current or former employee
(regardless of whether such severance, termination or similar payment has been paid pursuant to any benefit plan);

 

(xx) entered
into any compromise or settlement of any litigation, Proceeding or investigation by any Governmental Entity relating to the Assets
or the Business;

 

(xxi) made
any Tax election, adopted or changed any accounting method or policy (whether or not for Tax purposes), filed any Tax Return, consented
to or entered into any closing agreement or similar agreement with any taxing authority, consented to or settled or compromised
any Tax claim or assessment or taken any position inconsistent with any past practice on any Tax Return;

 

(xxii) made
or granted any bonus or any wage, salary or compensation increase in excess of $10,000.00 per year to any employee or independent
contractor;

 

(xxiii) transferred,
assigned, or granted any license or sublicense of any rights under or with respect to any Intellectual Property;

 

(xxiv) experienced
any damage, destruction or Loss (whether or not covered by insurance) to its property or any effect or change that would be materially
adverse to the Business, assets, condition (financial or otherwise), operating results, operations, or business prospects of Seller,
taken as a whole, or on the ability of Seller to consummate timely the transactions contemplated hereby (regardless of whether
or not such adverse effect or change can be or has been cured at any time or whether Buyer has knowledge of such effect or change
on the date hereof);

 

(xxv) entered
into any other material transaction other than in the Ordinary Course, or changed any material business practice; or

 

(xxvi) agreed
or committed (whether or not in writing) to do any of the foregoing.

 

(h) Absence
of Adverse Change. Except as and to the extent set forth in Schedule 4.1(h), since December 1, 2019, there has not been
any material adverse change in the conduct, financial condition, business, prospects or operations of the Business or the Assets.

 

    ASSET PURCHASE AGREEMENT – Page 15

     

    

 

(i) Business
Agreements and Commitments. Except as disclosed in Schedule 4.1(i), with respect to the Business Agreements: (A) each Business
Agreement is in full force and effect and constitutes the legal, valid and binding obligation of Seller and, to Seller’s
Knowledge, the other party thereto, enforceable in accordance with its terms; (B) all parties thereto are in material compliance
with the provisions thereof; (C) no party thereto is in default in the performance, observance or fulfillment of any obligation,
covenant or condition contained therein; (D) no event has occurred that with or without giving notice or lapse of time, or both,
would constitute a default thereunder and (E) no Business Agreement was awarded to the Business based upon Seller’s size,
the ownership of Seller, the ownership make up or any other characteristic or attribute of Seller or its owners, in each case,
that forms the basis for any “set aside” program for small, women-owned, minority owned businesses or similar programs,
whether or not sponsored by a Governmental Entity.

 

(j) Intellectual
Property.

 

(i) Schedule
4.1(j)(i) contains a complete and accurate list and description of each material item of Intellectual Property in which Seller
has or purports to have an ownership interest of any nature (whether exclusively, jointly with another Person or otherwise), and
constitutes all of the Intellectual Property necessary for use in, or required for the conduct of the Business. Seller owns or
has the right to use, as presently being used in the conduct of the Business, all of the Intellectual Property. No Person has asserted
that the use of the Intellectual Property in the Business as currently conducted by Seller infringes any intellectual property
rights of a third party. Except for software owned by Seller, Seller has a valid, fully paid license from all required licensors
for all software used by Seller in connection with the Business. Seller has not copied or reproduced, in any manner, any software
in violation of any such license.

 

(ii) Schedule
4.1(j)(ii) contains a complete and accurate list and summary description of each Contract relating to the Intellectual Property
pursuant to which Seller has granted, or Seller has been granted, any license under, or otherwise has received or acquired any
right (whether or not currently exercisable) or interest in, any Intellectual Property (“IP Contracts”), including
any royalties paid or received by Seller, and Seller has delivered to Buyer accurate and complete copies of the IP Contracts, except
for any license implied by the sale of a product and perpetual, paid-up licenses for commonly available software programs with
a value of less than $1,000.00 under which Seller is the licensee (“Packaged Software”). There are no outstanding
and, to Seller’s Knowledge, no threatened disputes or disagreements with respect to any IP Contract. Seller has all fully
paid-up licenses for all Packaged Software used or available to the Business.

 

(iii) Seller
is not bound by, and no Intellectual Property is subject to, any IP Contract containing any covenant or other provision that limits
or restricts the ability of Seller to use, exploit, assert, or enforce any Intellectual Property anywhere in the world.

 

(iv) To
the extent necessary or advisable, all documents and instruments necessary to establish, perfect and maintain the rights of Seller
in the Intellectual Property, have been validly executed, delivered and filed in a timely manner with the appropriate Governmental
Entity.

 

    ASSET PURCHASE AGREEMENT – Page 16

     

    

 

(v) Each
Person who is or was an employee or independent contractor of Seller and who is or was involved in the creation or development
of any Intellectual Property has signed a valid and enforceable agreement containing an irrevocable assignment of any rights in
the Intellectual Property to Seller and confidentiality provisions protecting the Intellectual Property, together with a waiver
of all moral rights in such Intellectual Property.

 

(vi) Seller
owns all the Intellectual Property that was created by employees or independent contractors during their service to Seller.

 

(vii) No
funding, facilities or personnel of any Governmental Entity or any college, university, or other educational institution were used,
directly or indirectly, to develop or create, in whole or in part, any Intellectual Property.

 

(viii) To
Seller’s Knowledge, no Person has infringed, misappropriated, or otherwise violated, and no Person is currently infringing,
misappropriating or otherwise violating, any Intellectual Property.

 

(ix) To
Seller’s Knowledge, Seller has never infringed (directly, contributorily, by inducement or otherwise), misappropriated or
otherwise violated any intellectual property right of any other Person.

 

(x) To
Seller’s Knowledge, no Intellectual Property infringes, violates, or makes unlawful use of any intellectual property right
of, or contains any intellectual property misappropriated from, any other Person.

 

(xi) No
lien, interference, opposition, reissue, reexamination or other Proceeding of any nature is or has been pending or, to Seller’s
Knowledge, threatened, in which the scope, validity or enforceability of any Intellectual Property is being, has been or would
reasonably be expected to be contested or challenged.

 

(xii) To
Seller’s Knowledge, there is no basis for a claim that any Intellectual Property is invalid or unenforceable.

 

(xiii) Seller
has complied and is in compliance with, has not violated and is not in violation of, and has not received any notices of non-compliance
or violation or alleged non-compliance or violation with respect to any United States federal, state, municipal, and county law,
or the laws of any foreign country regarding intellectual property rights. Further, Seller represents and warrants that the Intellectual
Property, including all parts thereof, materially complies with all applicable United States federal, state, municipal, and county
laws regarding intellectual property rights, the laws regarding intellectual property rights of any applicable foreign country
to which the Intellectual Property and any parts thereof are subject, and all the licenses, authorizations and/or permits required
by such laws or regulations.

 

(k) Records.
The Records are complete and correct in all material respects and have been prepared and maintained in material compliance with
applicable laws, regulations and other requirements.

 

    ASSET PURCHASE AGREEMENT – Page 17

     

    

 

(l) Material
Partners. Schedule 4.1(l) lists all (i) customers and clients of the Business that paid to the Business $20,000.00 or
more during the 2019 calendar year (“Material Customers”); and (ii) all suppliers, excluding independent contractors,
of the Business that received from the Business $10,000.00 or more during the 2019 calendar year (“Material Suppliers”
and together with Material Customers, referred to herein as “Material Partners”). Schedule 4.1(l) also
presents fairly and accurately Seller’s annual dealings for the 2019 calendar year for all Material Partners. Furthermore,
except for any Material Customer intended from the outset to be (and identified as such on Schedule 4.1(l)) as a single
matter client relationship (as opposed to an ongoing client relationship), no Material Partner terminated or materially reduced
its relationship with the Business or notified Seller that it intends to terminate or materially reduce its relationship with the
Business.

 

(m) Restrictive
Agreements. Seller is not a party to or bound by any agreement, deed, lease or other instrument with respect to the Business
which restricts the operation of the Business. Without limiting the generality of the foregoing, Seller is not a party to or bound
by any agreement requiring Seller to assign any interest in any trade secret or proprietary information, or with respect to the
Business, prohibiting or restricting Seller from competing in any business or geographical area or soliciting customers or employees
or otherwise restricting it from carrying on the Business anywhere in the world.

 

(n) Receivables.
All accounts receivable and work in progress: (i) arose from bona fide arms’ length transactions in the Ordinary Course,
consistent with past practice, and are payable on ordinary trade terms; (ii) are valid and binding obligations of the respective
debtors; and (iii) are not subject to any valid set-off, defense or counterclaim and, to Seller’s Knowledge, are fully collectable
in the Ordinary Course.

 

(o) Tax
Matters.

 

(i) With
respect to all taxable years or periods ending on or before the Closing Date, Seller has caused to be filed, or will cause to be
filed, on a timely basis all Tax Returns which relate in any way to the Assets or the Business that Seller is required to file,
and has paid, or will pay, when due all Taxes of any nature that have become due with respect to the Assets or the Business that
Seller is required to pay. All Taxes owed by Seller (whether or not shown on any Tax Return) have been paid. Seller is not a beneficiary
of any extension of time within which to file any Tax Return.

 

(ii) There
is no pending claim and no circumstance exists which is likely to give rise to any such claim, for Taxes or Tax liens against or
with respect to the Assets. There is no claim by any Governmental Entity having or purporting to exercise jurisdiction with respect
to any Tax in a jurisdiction where Seller does not file Tax Returns that Seller is or may be subject to taxation by that jurisdiction.

 

(p) No
Brokers or Finders. Neither Seller nor any of its directors, officers, employees or agents have retained, employed or used
any broker or finder in connection with the transactions provided for herein or the negotiation thereof. 

 

    ASSET PURCHASE AGREEMENT – Page 18

     

    

 

(q) Employees.

 

(i) To
Seller’s Knowledge, no officer, employee or independent contractor of Seller has any plans to terminate his, her or its employment
or relationship with Seller.

 

(ii) Seller
has complied with all applicable Legal Requirements relating to the employment of personnel and labor, including, but not limited
to, the Employee Retirement Income Security Act of 1974, as amended, the Fair Labor Standards Act, the Age Discrimination in Employment
Act, the Americans with Disabilities Act, provisions thereof relating to wages, hours, equal opportunity, collective bargaining
and the payment of social security, Medicaid, and other employment-related Taxes, including withholding requirements, the Worker
Adjustment Retraining and Notification Act of 1988, as amended, or any similar state or local plant closing or mass layoff statute,
rule or regulation, and the Immigration Reform and Control Act of 1986, as amended.

 

(iii) Attached
hereto as Schedule 4.1(q)(iii) is a complete and accurate list of each employee, independent contractor, consultant and
agent of the Business at all times to the present, including each such person’s name, job title, date of commencement of
work, date of termination (if applicable), reason for termination (if applicable), compensation paid, and sick and vacation leave
that is accrued but unused. No current or former employee of the Business is a party to any Contract or agreement with Seller except
as described on Schedule 4.1(q)(iii).

 

(iv) Seller
has not experienced any strike, grievance, unfair labor practice claim, charge of discrimination, workers’ compensation claim
or other material employee or labor dispute, and Seller has not engaged in any unfair labor practice. Seller does not have any
Knowledge of any organizational effort presently being made or threatened by or on behalf of any labor union with respect to employees
of Seller. Seller has satisfied any notice or bargaining obligation it may have under any law or collective bargaining agreement
to any employee representative.

 

(r) Affiliate
Transactions. No Affiliate of Seller (i) is a party to any Contract or transaction with Seller (other than in such Affiliate’s
capacity as an owner, officer, director, employee or independent contractor of Seller, the compensation for which is reflected
on Schedule 4.1(q)(iii)); or (ii) has any ownership interest in or owns any asset, tangible or intangible, which is used
in the Business of Seller.

 

(s) Litigation.
Schedule 4.1(s) lists each Proceeding in which Seller is or was a party that currently is pending, was settled or adjudicated
within the past five (5) years, was settled and adjudicated more than five (5) years ago, but with respect to which Seller has
any unsatisfied Assumed Liabilities, or that, to Seller’s Knowledge, is threatened. Schedule 4.1(s) sets forth,
with respect to each matter disclosed on such schedule, (i) the parties; (ii) the nature of dispute; (iii) the relief sought; (iv)
the status of dispute; (v) the extent to which Seller’s insurance would cover the relief; and (vi) Seller’s assessment
of its likelihood of prevailing. Except as set forth in Schedule 4.1(s), there is no Proceeding pending or, to Seller’s
Knowledge, threatened against Seller, or its managers, directors or officers (in such capacity), any Owner, or any subsidiary that
in any way involves the Business, the Assets, or the Assumed Liabilities.

 

    ASSET PURCHASE AGREEMENT – Page 19

     

    

 

(t) Privacy
Laws. Seller is in compliance with data privacy Legal Requirements regarding the retention, recording, use and transfer of
personal and sensitive data, whether cross border or to third Persons, has completed all adequate filings or notifications with
all applicable Governmental Entities or otherwise, and kept such data secure and confidential at all times.

 

(u) Compliance
with Legal Requirements. Seller is in compliance with all Legal Requirements that are applicable to it or to the conduct of
the Business or the ownership or use of any of the Assets, and, to Seller’s Knowledge, no event has occurred or circumstance
exists that (with or without notice or lapse of time) may constitute or result in a violation by Seller of, or a failure by Seller
to comply with, any such Legal Requirement or may give rise to any obligation on the part of Seller to undertake, or to bear all
or any portion of the cost of, any remedial action of any nature. Seller has not received any notice or other communication (whether
oral or written) from any Governmental Entity or any other Person regarding any actual, alleged, possible or potential violation
of, or failure to comply with, any Legal Requirement applicable to Seller or the Business, or regarding any actual, alleged, possible
or potential obligation on the part of Seller to undertake, or to bear all of or any portion of the cost of, any material remedial
action of any nature.

 

(v) Related
Parties. None of Seller’s Affiliates has had or currently has any ownership interest in any property used or pertaining
to the Business, nor has any such Person had business dealings or a financial interest in Seller, the Business or the Assets other
than Owners’ investment in Seller and other than transactions conducted in the Ordinary Course on substantially prevailing
market terms. No Affiliate of Seller, or other Person related to Seller, is a party to any Contract with, or has a claim or right
against, Seller or the Assets, except for Owners under the governing documents of Seller.

 

(w) Foreign
Corrupt Practices Act. None of Seller or any Owners, or any other Affiliates, officers, directors, employees of Seller or accountants,
counsel, consultants, advisors, independent contractors or agents of Seller, acting at Seller’s request, has (i) used any
of Seller’s funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity
or to influence official action; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official
or employee from Seller’s funds; (iii) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment;
or (iv) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, and the rules
and regulations thereunder; and Seller has instituted and maintains policies and procedures designed to ensure compliance therewith.

 

(x) Disclosure.
No representation or warranty by Seller or Owners in this Agreement, in any Ancillary Documents, or in any list, statement, document
or information set forth in or attached to any schedule or exhibit delivered or to be delivered by Seller pursuant to this Agreement
contains or will contain when delivered any untrue statement of a material fact or omits or will omit when delivered any material
fact required to be stated therein or necessary in order to make the statements contained therein not misleading.

 

    ASSET PURCHASE AGREEMENT – Page 20

     

    

 

(y) Real
Estate. Seller does not lease or sublease any real property in connection with the operation of the Business. Exhibit “C”
contains a legal description of the Real Property. The Real Property is in good operating condition, normal wear and tear excepted,
and is suitable for the operation of the business of Seller. To the Knowledge of Seller, the mechanical, electrical, plumbing,
HVAC and other systems servicing the Real Property are in good working order and repair, ordinary wear and tear excepted, and there
are no defects in such systems, or in the buildings, improvements and structures or fixtures located on or at the Real Property,
individually and as a whole, which would reasonably be expected to impair the conduct of the Business by Buyer immediately following
the Closing, and the physical condition of the Real Property is sufficient to permit the continued conduct of the Business as presently
conducted, subject to the provision of usual and customary maintenance and repair performed in the Ordinary Course. All utilities
currently servicing the Real Property are properly operating with no overdue amounts payable and are sufficient for the operation
of the Business currently conducted. Other than with respect to the Insurance Claim, no portion of the Real Property or the improvements
thereon has suffered any damage by fire or other casualty that has not heretofore been completely repaired and restored to its
original condition.

 

(z) Reliance.
The foregoing representations and warranties have been made by Seller, Parent and Oz Capital with the knowledge and expectation
that Buyer and GENH are relying thereon.

 

(aa) Environmental
Matters. The Business is, and has been operated, in compliance with all applicable Environmental Laws, and there are no claims,
proceedings, investigations or Actions by any Governmental Entity or other Person pending or, to the Knowledge of Seller, threatened
in connection with the operation of the Business or the Assets or the Real Property, under any applicable Environmental Law.

 

(bb) Inventories.
Except as set forth in the Financial Statements, all of the Inventory and other materials and supplies included with the Assets
consist of items of quality and quantity, in good condition and usable or salable in the ordinary course of the Business. The values
of the inventories stated in the Financial Statements reflect Seller’s normal inventory valuation policies and were determined
in accordance with GAAP consistently applied.

 

(cc) Permits.
Schedule 1.1(f) lists all Permits held by Seller and used or useable in the conduct of the Business. Such Permits are valid,
and Seller has not received any notice that any Governmental Entity intends to cancel, terminate or not renew any such Permit.
Seller holds all licenses, Permits and other governmental authorizations necessary or advisable to operate the Business. The Business
is not being conducted, in violation of any statute, law, ordinance, regulation, rule or Permit of any Governmental Entity or any
Order.

 

4.2 Representations
and Warranties of Owners. Each Owner represents and warrants to Buyer, Parent and GENH that the following shall be true and
correct as of the Effective Date and as of the Closing Date:

 

(a) Capacity
and Enforceability. Such Owner has full capacity to execute and deliver this Agreement and all Ancillary Documents to which
such Owner is a party and to perform his obligations hereunder and thereunder.  This Agreement and the Ancillary Documents
to which such Owner is a party, will, when executed, constitute, valid and legally binding obligations of such Owner, enforceable
in accordance with their terms and conditions.

 

    ASSET PURCHASE AGREEMENT – Page 21

     

    

 

(b) Absence
of Conflicts; Consent. Except as set forth in Schedule 4.2(b), Neither the execution, delivery or performance of this Agreement
or any Ancillary Document by such Owner, nor the consummation by such Owner of the transactions contemplated hereby or thereby
will:

 

(i) (A)
conflict with or will result in any breach, default or violation of; or (B) give any third party the right to terminate or
to accelerate any obligation under; or (C) result in the creation of any Lien upon any of such Owner’s assets, under any
Contract or Legal Requirement by which such Owner or any of his assets is bound or affected; or

 

(ii) require
any Consent to be obtained by such Owner other than consents obtained on or before the Closing Date.

 

(c) Brokers’
Fees. Such Owner has not entered into any agreement requiring such Owner to pay any fees or commissions to any broker, finder,
or agent with respect to the transactions contemplated by this Agreement.

 

(d) Accredited
Investor Status. Each Owner receiving GENH Common Stock issued hereunder is an “accredited
investor” as defined in Regulation D of the Securities Act of 1933, as amended.

 

4.3 Representations
and Warranties of Buyer. GENH and Buyer jointly and severally represents and warrants to Seller, Parent and Owners that the
following shall be true and correct as of the Effective Date and as of the Closing Date:

 

(a) Organization
and Existence of Buyer and GENH. Buyer is a limited liability company that is duly organized, validly existing, and in good
standing under the laws of the State of Colorado. GENH is a limited liability company that is duly organized, validly existing,
and in good standing under the laws of the State of Colorado. Each of GENH and Buyer has all requisite power and authority to consummate
the terms and provisions of this Agreement and the Ancillary Documents. GENH has all requisite power and authority to issue the
GENH Common Stock to Owners.

 

(b) Authority.
Each of Buyer and GENH has taken all necessary action to approve this Agreement and the Ancillary Documents to which Buyer and
GENH are a party, to authorize its officers to execute and deliver this Agreement and such Ancillary Documents, and to execute
and deliver such further documents as are necessary and proper to consummate the terms and provisions of this Agreement and the
Ancillary Documents to which Buyer or GENH is a party. Upon the execution of this Agreement and those Ancillary Documents to which
Buyer or GENH is a party, this Agreement and such Ancillary Documents will constitute the valid and legally binding obligations
of Buyer and/or GENH enforceable in accordance with their respective terms.

 

(c) No
Violations. Neither the execution and delivery of this Agreement or any Ancillary Document nor the consummation of the transactions
herein and therein contemplated and compliance with the terms and provisions hereof and thereof will (i) conflict with or result
in any breach or default of any of the terms or conditions of or constitute a default under or result in the creation of any Lien
under: (A) the governing documents, if and as amended, of Buyer or GENH; (B) any note, agreement, indenture, mortgage, deed of
trust, lease, contract, agreement, license or other instrument or obligation to which Buyer or GENH is a party; or (C) any judgment,
order, decree, ruling, injunction, license, permit, law, rule or regulation of any court, governmental body or arbitrator in Proceedings
to which Buyer or GENH is a party; or (ii) require a consent or waiver to be obtained by Buyer or GENH, except for those comments
or waivers contemplated by this Agreement.

 

    ASSET PURCHASE AGREEMENT – Page 22

     

    

 

(d) No
Brokers or Finders. Neither Buyer or GENH nor any of their managers, directors, officers, employees or agents have retained,
employed or used any broker or finder in connection with the transactions provided for herein or the negotiation thereof.

 

(e) Buyer
Litigation. There is no actual or, to Buyer’s Knowledge, threatened Proceeding that presents a claim to restrain, delay,
condition or prohibit the transactions contemplated herein or to impose upon Buyer or GENH any material costs, conditions or obligations
in connection therewith, and to Buyer’s Knowledge, there is no basis for such Proceeding.

 

(f) GENH
Common Stock. The GENH Common Stock has been duly authorized, and upon consummation of the transactions contemplated by this
Agreement, will be validly issued, fully paid and nonassessable, and will be free of any liens or encumbrances, except as contained
in the Shareholders Agreement; provided, however, that the Stock Consideration may be subject to restrictions on transfer set forth
in this Agreement or under state and/or federal securities laws as required by such laws at the time a transfer is proposed.

 

5. Additional
Covenants of Buyer and Seller.

 

5.1 Labor
and Employment Matters.

 

(a) Generally.
Without limiting Section 2 hereof, Buyer shall not assume any employment or employee benefit obligation, or any wage or
salary payment obligation, including, without limitation, those arising under any pension, profit sharing, deferred compensation,
bonus, stock option, severance, welfare, medical, dental, sick leave or vacation, wage or other employee benefit, retirement (including
any supplemental executive retirement plan Liabilities) or compensation plan, procedure, policy or practice of Seller (“Seller’s
Employee Plans”), regardless of whether such plan, procedure, policy or practice is disclosed to Buyer.

 

(b) Employment
Transition Provisions. Prior to the Closing, Seller shall afford Buyer a reasonable opportunity to interview Seller’s
employees for prospective employment by Buyer if so requested by Buyer. Buyer shall be entitled (but shall have no obligation,
except with respect to Jack and Watt) to offer employment to any such person, on terms and conditions established by Buyer; provided,
however that Buyer (i) shall offer employment to a reasonable number of employees of Seller sufficient to continue to operate the
Business in substantially the same manner as conducted as of the Closing Date; and (ii) shall offer employment to the persons listed
on Schedule 5.1(b). On the Closing Date, Seller will pay all wages, salaries, bonuses and other compensation and benefits
(and all related employment Taxes), if any, of Seller’s employees accrued through, and including, the Closing Date, and all
severance and other amounts, if any, which may become payable to or receivable by Seller’s employees and Buyer shall not
assume or be responsible for the payment of any such amounts owed to such employees.

 

    ASSET PURCHASE AGREEMENT – Page 23

     

    

 

(c) Employee
Plans. Seller, and not Buyer, shall be solely responsible and liable to pay or make provision for all pension, profit sharing,
deferred compensation, bonus, stock option, severance, retirement, sick leave and vacation (other than for Seller’s employees
that are employed by Buyer after the Closing Date), welfare, medical, dental and other amounts due under any of Seller’s
Employee Plans, through, and including, the Closing Date with respect to Seller’s employees.

 

(d) Employment
of Owners. Buyer and Seller agree that the continued employment of Owners listed on Schedule 5.1(d) is critical to the
success of the Business. Buyer’s obligations to consummate the transactions contemplated by this Agreement are contingent
upon each Owner signing, prior to Closing, an employment agreement, in the form attached hereto as Exhibit “D”
with Buyer.

 

5.2 Operation
of the Business Prior to Closing. Prior to the Closing Date, Seller will operate the Business in a substantially similar manner
as the Business is being operated as of the Effective Date.

 

5.3 Restrictive
Covenants.

 

(a) Non-competition
for Owners, Seller and Parent. As an inducement to Buyer and GENH to execute and deliver this Agreement and the Ancillary Documents
and to consummate the transactions contemplated hereby, for a period of three (3) years from the Closing Date (and for each Owner,
if later, one (1) year after each Owner’s separation of employment from Buyer), Seller, Parent, and each Owner will not,
and will cause its or his Affiliates to not, within the United States, directly or indirectly, engage in, continue in or carry
on any business that competes in any aspect with the Business, or the business of Buyer or any of its Affiliates, in each case
as operated at any point during the period from the Closing until such Owner’s separation of employment from Buyer or GENH.

 

(b) Non-Disparagement.
Each of the Parties agrees that it will not, and each will cause its Affiliates to not, disparage the other Parties or their respective
Affiliates, or the Business, to any Person. Notwithstanding the foregoing, nothing contained herein shall prevent any Party from
providing truthful testimony under compulsion of legal process or in response to any governmental investigation.

 

(c) Confidentiality.
Seller, Parent, Oz Capital and each Owner will, and will cause their Representatives to, hold in confidence any and all information,
whether written or oral, concerning the Business and the Assets, except to the extent that Seller, Parent, Oz Capital or Owners
can show that such information (i) is already publicly known at the time of disclosure to Seller, Parent, Oz Capital or such Owner;
(ii) becomes publicly known after disclosure to Seller, Parent, Oz Capital or such Owner through no fault of Seller, Parent, Oz
Capital, Owners or their Affiliates or Representatives; (iii) is disclosed to Seller, Parent, Oz Capital, Owners or their Affiliates
or Representatives by third parties having no obligation of confidentiality to Buyer; or (iv) is independently developed or learned
by Seller, Parent, Oz Capital, Owners or their Affiliates or Representatives after the Closing Date without reference or use of
such confidential information of Buyer. If Seller, Parent, Oz Capital, any Owner or any of their Affiliates or Representatives
is compelled to disclose any such information by judicial or administrative process or by other requirements of law, Seller, Parent,
Oz Capital or such Owner shall promptly notify Buyer in writing of such fact and Seller, Parent, Oz Capital or such Owner shall
use its or his reasonable efforts to obtain an appropriate protective order or other reasonable assurance that confidential treatment
will be accorded such information. Seller, Parent, Oz Capital and Owners shall enforce, at Buyer’s expense, for the account,
and for the benefit, of Buyer, all confidentiality and similar agreements between Seller and any other party relating to the Assets
or the Business.

 

    ASSET PURCHASE AGREEMENT – Page 24

     

    

 

(d) Non-Solicitation.
For a period of five (5) years from the Closing Date (and for each Owner, if later, one (1) year after each Owner’s separation
of employment from Buyer), each Owner, Seller, Parent and Oz Capital will not, and will cause their Affiliates to not, (i) directly
or indirectly solicit, divert or take away, in whole or in part, any customers or prospects of the Business to provide or perform
services offered by the Business; (ii) hire or solicit or entice any employee or independent contractor of the Business to leave
his or her employment or retention by the Business and/or accept employment or retention with any other person or entity whose
business is competitive with the Business; or (iii) divert or attempt to divert business of any kind from the Business, including,
without limitation, interference with any business relationship with suppliers, customers, licensees, licensors or contractors.
The foregoing solicitation restriction shall not apply to broad-based, untargeted solicitations to prospective employees or candidates
so long as no employees of the Business are hired.

 

5.4 Press
Releases and Announcements. Except for any public disclosure that any Party in good faith believes is required by any Legal
Requirement (in which case, if practicable, the disclosing Party will give the other Parties an opportunity to review and comment
upon such disclosure before it is made), prior to the Closing no Party will make any public disclosure, announcement or press release
concerning this Agreement or the transaction contemplated by this Agreement without the prior written consent of the other Parties,
which consent shall not be unreasonably withheld, delayed or conditioned. Notwithstanding the foregoing, after the Effective Date,
(i) Buyer will be permitted, in its reasonable discretion, to make a public disclosure (including an 8-K filing under the Exchange
Act), announcement and press release concerning Buyer’s acquisition of the Business; provided, however, that Buyer must submit
such disclosure to Seller before such disclosure; and (ii) neither Seller nor any Owner will make any public disclosure, announcement
or press release concerning the Business, this Agreement or any of the transactions contemplated by this Agreement without Buyer’s
prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned.

 

5.5 Litigation
Support. In the event and for so long as any Party actively is contesting or defending against any Proceeding in connection
with (a) any transactions contemplated under this Agreement; or (b) any fact, situation, circumstance, status, condition, activity,
practice, plan, occurrence, event, incident, action, failure to act, or transaction on or prior to the Closing Date involving Seller
or Buyer, each of the other Parties will cooperate with such contesting or defending Party and its counsel in the contest or defense,
make available their personnel, and provide such testimony and access to their books and records as shall be necessary in connection
with the contest or defense, all at the sole cost and expense of the contesting or defending Party (unless the contesting or defending
Party is entitled to indemnification therefor). Notwithstanding the foregoing, this Section 5.5 shall not apply to any matter
in which the supporting Party would be required to take any position adverse to such Party’s own interest, the interest of
such Party’s Affiliates, or any Person related to such Party by blood or marriage.

 

    ASSET PURCHASE AGREEMENT – Page 25

     

    

 

5.6 Further
Assurance. Each Party hereto agrees at any time and from time to time, to make, execute and deliver any and all such other
and further instruments or documents and do any and all such acts and/or things as the other Party shall reasonably require for
the purpose of giving full force and effect to the terms and conditions of this Agreement and the transactions contemplated hereunder.

 

5.7 Payment
of Sales or Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and
fees (including any penalties and interest) incurred in connection with this Agreement and the Ancillary Documents (including any
real property transfer Tax and any other similar Tax) shall be borne and paid by Seller when due. Seller shall, at its own expense,
timely file any Tax Return or other document with respect to such Taxes or fees (and Buyer shall cooperate with respect thereto
as necessary).

 

5.8 Consents;
Permits. Seller and Buyer shall use reasonable best efforts to give all notices to, and obtain all consents from, all third
parties that are described in Schedule 4.1(c). As promptly as reasonably practicable following the execution of this Agreement,
Seller shall request (and Buyer shall reasonably cooperate with Seller in connection with such request) from each of the third
parties listed on Schedule 4.1(c) and use its best efforts to obtain from each of such clients and other third parties a
written consent to the assignment of the Assets, in form and substance reasonably acceptable to Buyer (each, a “Consent”).
Buyer shall use its reasonable best efforts to obtain, as promptly as reasonably practicable following execution of this Agreement,
the approval of Buyer’s senior secured lender of the consummation of the transactions contemplated by this Agreement.

 

5.9 Name
Change. Within five (5) Business Days following the Closing Date, Seller and Owners may (i) cause Seller to change its name
with the Secretary of State of the State of Texas and the State of Kentucky to a name approved by Buyer that does not contain “Halcyon
Thruput” or any similar name and Seller and Owners shall cause Seller to cease using such names immediately upon Closing;
and (ii) assist Buyer with filing and obtaining a registered trademark with the United States Patent and Trademark Office for such
marks as Buyer desires to register.

 

5.10 Information
Regarding Buyer. During the period from the Effective Date to the Closing Date, Buyer shall make available to Owners such information
regarding Buyer as Owners reasonably request in order to allow Owners (i) to make such investigation of the business, properties,
books and records of Buyer as Owners reasonably deem necessary; and (ii) to conduct such examination of the condition of Buyer
as Owners reasonably deem necessary for purposes of conducting such due diligence as Owners reasonably deem necessary. Buyer shall
promptly notify Seller after becoming aware of any material adverse change in the business, assets, condition (financial or otherwise),
operations, results of operations or prospects of Buyer which occurs between the Effective Date and the Closing Date.

 

5.11 Website.
Promptly after Closing, Seller and Owners shall cause the domain registration for halcyonthruput.com to be transferred to Buyer.

 

    ASSET PURCHASE AGREEMENT – Page 26

     

    

 

5.12 Rights.

 

(a) Mandatory
Registration. As soon as reasonably practicable, following the Closing, but not later than November 30, 2020, the Company shall
file a registration statement with the SEC providing for registration of all of the GENH Common Stock issued to Seller pursuant
to this Agreement then outstanding (the “Registration Statement”). The Company shall use its commercially reasonable
efforts to cause the Registration Statement to be declared effective under the Securities Act by the SEC as soon as reasonably
practicable. The Registration Statement when effective (including the documents incorporated therein by reference) will comply
as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain
an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading (in the case of any prospectus contained in such Registration Statement, in the light of the
circumstances under which a statement is made).  As soon as practicable following the date that the Registration Statement
becomes effective, but in any event within two (2) Business Days of such date, Buyer shall provide Seller with written notice
of the effectiveness of such Registration Statement. Notwithstanding any registration of the GENH Common Stock, the Holders shall
not have the right to Transfer the GENH Common Stock until after the expiration of the Restricted Period.

 

(b) Delay
Rights. Notwithstanding anything to the contrary contained herein, Buyer shall not be required to file a Registration Statement
(or any amendment thereto) or, if a Registration Statement has been filed but not declared effective by the SEC, request effectiveness
of such Registration Statement, for a period of up to forty-five (45) days, if (i) Buyer determines in good faith that a postponement
is in the best interest of Buyer and its stockholders generally due to a pending transaction involving Buyer (including a pending
securities offering by Buyer, or any proposed financing, acquisition, merger, tender offer, business combination, corporate reorganization,
consolidation or other significant transaction involving Buyer), (ii) Buyer determines such registration would require disclosure
of material information that Buyer has a bona fide business purpose for preserving as confidential, or (iii) audited financial
statements as of a date other than the fiscal year end of Buyer would be required to be prepared; provided, however,
that in no event shall any such period exceed an aggregate of ninety (90) days in any 365-day period.

 

5.13 Pro
Formas. Seller shall update the Pro Formas after each month-end after the Effective Date and prior to the Closing Date and
provide such updated Pro Formas to Buyer within seven (7) days after each month-end.

 

5.14 Personal
Guaranty. Buyer shall agree to secure the termination of any personal guaranties provided by the Owners with respect to Contracts
and Liabilities of the Business listed on Schedule 5.14 (the “Personal Guaranties”). To the extent that
such Personal Guaranties cannot be released and terminated, Buyer shall indemnify and hold the Owners harmless from and against
any Losses incurred by the Owners under such Personal Guaranties from events and facts arising after the Closing Date.

 

    ASSET PURCHASE AGREEMENT – Page 27

     

    

 

6. Closing.

 

6.1 Closing.
The consummation of the transactions contemplated by this Agreement (the “Closing”) may occur my mail and electronic
mail on a date mutually agreed upon by the Parties following the date on which all closing conditions set forth in Section 7
have been satisfied or waived. The date on which the Closing actually takes place is referred to in this Agreement as the “Closing
Date.”

 

6.2 Deliveries
at Closing.

 

(a) Buyer’s
and GENH’s Deliveries. At the Closing, Buyer and GENH shall deliver or cause to be delivered to Seller the following:

 

(i) the
Cash Payment pursuant to wire transfer instructions provided by Seller;

 

(ii) the
GENH Common Stock to be issued on the Closing Date issued to the Holders as provided on Schedule 3.1(b).;

 

(iii) the
Bill of Sale - Assignment and Assumption Agreement, executed by Buyer;

 

(iv) an
offer letter executed by the plant manager;

 

(v) the
Employment Agreement, executed by each of Jack and Watt for Seller (other than Owners) in the form set forth on Exhibit “D”;

 

(vi) a
Subscription Agreement with respect to the GENH Common Stock in form and substance reasonably satisfactory to GENH;

 

(vii) a
certificate of an officer of Buyer and GENH certifying (A) resolutions of the board of directors authorizing the execution, delivery
and performance of this Agreement and the Ancillary Documents to which Buyer or GENH is a party and consummation of the transactions
contemplated by this Agreement and the Ancillary Documents to which Buyer or GENH is a party, and including a copy of such resolutions;
and (B) certifying as to the incumbency of the officer(s) of Buyer and GENH executing this Agreement and the Ancillary Documents
on behalf of Buyer or GENH;

 

(viii) a
directors and officers questionnaire in form and substance reasonably satisfactory to GENH;

 

(ix) any
consents, waivers and authorizations necessary or appropriate for the consummation by Buyer or GENH of the transactions contemplated
by this Agreement; and

 

(x) such
other documents as may be specified in this Agreement or any exhibit or schedule hereto to be delivered by Buyer or GENH at the
Closing and as may otherwise be reasonably required by Seller or Parent to effect the transactions contemplated by this Agreement.

 

    ASSET PURCHASE AGREEMENT – Page 28

     

    

 

(b) Seller’s
and Parent’s Deliveries. At the Closing, Seller shall deliver, or cause to be delivered, to Buyer and GENH the following:

 

(i) Agreements
in form and substance reasonably satisfactory to Buyer pursuant to which the Holders agree not to Transfer their GENH Common Stock
until after the expiration of the Restricted Period;

 

(ii) a
certificate of good standing, or equivalent, for Seller and Parent as issued by the Secretary of States of the State of Texas;

 

(iii) the
Bill of Sale - Assignment and Assumption Agreement, executed by Seller;

 

(iv) an
offer letter executed by the plant manager;

 

(v) the
Employment Agreement, executed by each of Jack and Watt for Seller (other than Owners) in the form set forth on Exhibit “D”;

 

(vi) a
certificate of an Officer of Seller and Parent (A) certifying that attached to such certificate are true and complete copies of
Seller’s and Parent’s (I) articles of organization, as amended through and in effect on the Closing Date; (II) operating
agreement and limited partnership agreement, as amended through and in effect on the Closing Date; and (III) resolutions of members
of Seller and partners of Parent authorizing the execution, delivery and performance of this Agreement and the Ancillary Documents
to which Seller or Parent is a party, and consummation of the transactions contemplated by this Agreement and the Ancillary Documents
to which Seller or Parent is a party; and (B) certifying as to the incumbency of the officer(s) of Seller and Parent executing
this Agreement and the Ancillary Documents on behalf of Seller and parent;

 

(vii) all
necessary or appropriate payoff letters and other lien-release documentation;

 

(viii) all
other consents, waivers, releases and authorizations necessary or appropriate for the consummation by Seller of the transactions
contemplated by this Agreement, including the Consents and releases or waivers of any Liens (other than Permitted Liens) of record
on the Assets from the applicable lienor;

 

(ix) all
filings and registrations with, and all approvals from, all federal, state and local governmental agencies or authorities required
in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby; and

 

(x) such
other documents as may be specified in this Agreement or any exhibit or schedule hereto to be delivered by Seller or Parent at
the Closing and as may otherwise be reasonably required by Buyer or GENH to effect the transactions contemplated by this Agreement.

 

    ASSET PURCHASE AGREEMENT – Page 29

     

    

 

7. Condition
Precedent to Buyer’s and GENH’s Obligations Hereunder. The obligation of Buyer and GENH to consummate this Agreement,
and the transactions contemplated hereby, shall be subject to and conditioned upon the satisfaction at or before Closing of each
of the following conditions; it being understood that the following conditions precedent are included herein for the exclusive
benefit of Buyer and GENH, may be waived, in writing, in whole or in part, by Buyer and GENH at any time, and shall not survive
the Closing:

 

7.1 Covenants
and Deliverables. All of the covenants and agreements contained in this Agreement to be complied with and performed by Seller,
Parent, GENH and each Owner at or before the Closing shall have been complied with and performed in all respects, and Seller shall
have delivered to Buyer all of the consents, documents and instruments that are required to be delivered by Seller to Buyer at
or prior to the Closing, and Seller shall have received the Consents required by Section 7.9. Seller, Parent, GENH and each
Owner shall have executed and delivered each of the Ancillary Documents to which each of them is a party. Seller shall have filed
(where necessary) and delivered to Buyer all documents necessary to transfer the Assets to Buyer free and clear of all Liens (other
than Permitted Liens).

 

7.2 Representations
and Warranties. All representations and warranties of Seller, Parent, GENH and Owners contained in or made pursuant to this
Agreement shall be true, correct and complete at the Closing as if made at and as of the Closing, unless an earlier date is indicated
in such representation and warranty, in which case such representation or warranty shall be true, correct, and complete as of such
date.

 

7.3 Material
Adverse Change. There shall have occurred no material adverse change in the business, assets, condition (financial or otherwise),
operations, results of operations or prospects of the Business or the financial condition or results of operations of Seller since
January 1, 2020.

 

7.4 Certificates.
Seller and Parent shall have delivered to Buyer and GENH certificates, dated as of the Closing Date, executed by a responsible
officer on behalf of Seller and Parent and certifying to the satisfaction of the conditions specified in Sections 7.1, 7.2
and 7.3 hereof.

 

7.5 Permits.
Buyer shall have obtained any governmental licenses, authorizations, certificates and permits required by applicable Governmental
Entities to permit Buyer to acquire the Assets, and to establish and operate the Business in the manner in which it was operated
immediately prior to the Closing.

 

7.6 No
Liens. No Liens, except for Permitted Liens, have been filed against the Assets.

 

7.7 No
Actions. No action, suit or Proceeding by any Governmental Entity shall be pending which seeks to prevent the consummation
of the transactions contemplated by this Agreement, no injunction or order of any court or administrative agency of competent jurisdiction
shall be in effect which restricts or prohibits the consummation of the transactions contemplated by this Agreement, and all waiting
periods, if any, specified by law shall have passed.

 

    ASSET PURCHASE AGREEMENT – Page 30

     

    

 

7.8 Due
Diligence. Buyer shall have completed to its sole and exclusive satisfaction its due diligence investigation of the Business.

 

7.9 Required
Consents Obtained. Buyer shall have received the Consents set forth in Schedule 7.9, and any other applicable Contracts,
leases or agreements listed on Schedule 7.9 from each of the clients, vendors and any other third party listed on Schedule
7.9.

 

7.10 Sufficiency
of Employees. Buyer or GENH shall have obtained signed employment agreements and commitments of continued employment from employees
of Seller sufficient to continue to operate the Business in the same manner as conducted as of the Closing Date.

 

7.11 Exhibits
and Schedules. The exhibits and the schedules to this Agreement shall have been revised to the reasonable satisfaction of Buyer
and GENH to reflect only events and updated information that occurred and became available after the execution of this Agreement.

 

7.12 Insurance
Claim. Seller shall have settled the Insurance Claim with the Insurance Company and received the payment for the Insurance
Claim from the Insurance Company; provided, however, that Buyer may, at its sole option, waive the condition precedent to Closing
contained in this Section 7.12 in exchange for the assignment of any of Seller’s rights to the proceeds from the Insurance
Claim to Buyer, in form and substance acceptable to Buyer.

 

7.13 Real
Property. All of the transactions contemplated the Real Property Purchase Agreement shall have been consummated simultaneously
with the transactions under this Agreement.

 

7.14 SEC
Waiver. The SEC shall have waived the obligation of GENH to audit the Yearly Financial Statements.

 

7.15 Equity.
GENH shall have raised additional cash equity equal to the Cash Payment.

 

 7.16 DaysOS
Software. The DaysOS Membership Interest Purchase Agreement and the DaysOS License Agreement shall have been consummated simultaneously
with the transactions under this Agreement.

 

    ASSET PURCHASE AGREEMENT – Page 31

     

    

 

8. Conditions
Precedent to Seller’s, Parent’s and Owners’ Obligations Hereunder. The obligation of Seller, Parent and Owners
to consummate this Agreement, and the transactions contemplated hereby, shall be subject to and conditioned upon satisfaction at
or before the Closing of the following conditions; it being understood that the following conditions precedent are included herein
for the exclusive benefit of Seller and Owners, may be waived, in writing, in whole or in part, by Seller, Parent and Owners at
any time, and shall not survive the Closing:

 

8.1 Covenants
and Deliverables. All of the covenants and agreements contained in this Agreement to be complied with and performed by Buyer
and GENH at or before the Closing shall have been complied with and performed in all respects, and Buyer and GENH shall have delivered
to Seller all of the consents, documents and instruments which are required to have been delivered by Buyer and GENH at or prior
to the Closing. Each of Buyer and GENH shall have executed and delivered each of the Ancillary Documents to which it is a party.

 

8.2 Representations
and Warranties. All representations and warranties of Buyer contained in or made pursuant to this Agreement shall be true,
correct and complete at the Closing as if made at and as of the Closing unless an earlier date is indicated in such representation
and warranty, in which case such representation or warranty shall be materially true, correct, and complete as of such date.

 

8.3 Certificates.
Buyer and GENH shall have delivered to Seller a certificate, dated the Closing Date, executed by a responsible officer on behalf
of Buyer and GENH and certifying to the satisfaction of the conditions specified in Sections 8.1 and 8.2 hereof.

 

8.4 No
Actions. No action, suit or Proceeding by any Governmental Entity shall be pending which seeks to prevent the consummation
of the transactions contemplated by this Agreement, no injunction or order of any court or administrative agency of competent jurisdiction
shall be in effect which restricts or prohibits the consummation of the transactions contemplated by this Agreement, and all waiting
periods, if any, specified by law shall have passed.

 

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

 

(a) by
mutual written consent of Buyer and GENH and Seller and Parent;

 

(b) by
Buyer giving written notice to Seller if Seller is in breach, or by Seller giving written notice to Buyer if Buyer is in breach,
in any material respect of any representation, warranty or covenant contained in this Agreement and such breach, if capable of
being cured, is not cured within seven (7) days after the date of such written notice;

 

(c) by
Buyer, if the conditions precedent to Buyer’s and GENH’s obligations to close set forth in Section 7 have not
been satisfied, or waived by Buyer, as of the Closing;

 

    ASSET PURCHASE AGREEMENT – Page 32

     

    

 

(d) by
Seller, if the conditions precedent to Seller’s and Parent’s obligations to close set forth in Section 8 have
not been satisfied, or waived by Seller, as of the Closing;

 

(e) by
Buyer by giving written notice to Seller if Buyer is not satisfied with the results of its continuing business, legal and accounting
due diligence regarding Seller; or

 

(f) by
Buyer or Seller if any court of competent jurisdiction in the United States or other United States Governmental Entity shall have
issued an order, decree or ruling or taken any other action restraining, enjoining or otherwise prohibiting the consummation of
the transactions contemplated by this Agreement and such order, decree, ruling or other action shall have become final and non-appealable.

 

10. Indemnification.

 

10.1 Survival
of Representations, Warranties, Covenants, and Indemnifications. The representations and warranties of the Parties contained
in this Agreement shall survive the Closing for a period of twenty-four (24) months after the Closing Date, unless and then only
to the extent that non-compliance with such representations and warranties is waived in writing by the Party for whose benefit
such representations and warranties are being made; provided, that the Fundamental Representations and claims based upon fraud
or intentional misrepresentations shall survive the Closing until sixty (60) days past the expiration of the applicable statute
of limitations, unless and then only to the extent that non-compliance with such representations and warranties is waived in writing
by the Party for whose benefit such representations and warranties are being made.

 

10.2 Indemnification
by Seller, Parent, Oz Capital and Owners. Seller, Parent, Oz Capital and the Owners hereby jointly and severally agree to protect,
indemnify, defend and hold Buyer, GENH and their Affiliates, and their respective members, managers, directors, shareholders, officers,
agents, legal representatives, successors and assigns, and each of them (“Buyer Indemnified Parties”), free
and harmless from and against any and all Losses to the extent accruing, based upon, or resulting from (a) any breach, violation
or non-fulfillment by Seller, Parent, Oz Capital or the Owners of any representation or warranty set forth in this Agreement or
any of the Ancillary Documents; (b) the breach by Seller, Parent, Oz Capital or the Owners of any covenant, agreement or other
term or provision of this Agreement or any of the Ancillary Documents; (c) the operation of the Business prior to the Closing;
(d) the ownership or condition of the Assets prior to the Closing; (e) the Excluded Assets; (f) incidents, occurrences or conditions
relating to the Business commencing or in existence prior to the Closing, unless the Losses occur after the Closing and Buyer failed
to use reasonable efforts to mitigate such Losses; (g) any and all liabilities and obligations of Seller and Owners of any nature
whatsoever, including, without limitation, the Retained Liabilities (whether accrued, absolute, contingent, known, asserted, unasserted
or otherwise, and whether due or to become due), excluding only the Assumed Liabilities; (h) fraud or intentional misrepresentations
by Seller or any Owner; (i) any claims, demands and Proceedings pending against the Business or related to the Business as of the
Closing Date and any claims and demands and Proceedings brought against the Business after the Closing Date that are based upon
acts, omissions, facts, conditions, events and circumstances occurring or existing on or prior to the Closing Date, whether or
not set forth on Schedule 4.1(s); and (j) any and all Losses incident to any of the foregoing. Notwithstanding anything
herein to the contrary, in the case of the representations set forth in Section 4.2, only the Owner who has breached, violated
or failed to fulfill a representation, shall have any liabilities or obligations under this Section 10.2 to the Buyer Indemnified
Parties as a result of such breach, violation or non-fulfillment.

 

    ASSET PURCHASE AGREEMENT – Page 33

     

    

 

10.3 Indemnification
by Buyer. Buyer and GENH hereby jointly and severally agree to protect, indemnify, defend and hold Seller, Parent, Owners,
their Affiliates, and their respective members, managers, officers, agents, legal representatives, heirs, personal representatives,
successors and assigns, and each of them, free and harmless from and against any and all Losses accruing, based upon, resulting
from or directly or indirectly arising out of (a) any breach, violation or non-fulfillment of any representation, warranty or covenant
by or of Buyer set forth in this Agreement or any of the Ancillary Documents; (b) the breach by Buyer of any other term or provision
of this Agreement or any of the Ancillary Documents; (c) any and all liabilities and obligations of Buyer whatsoever pursuant to
this Agreement (including, but not limited to the Assumed Liabilities), excluding those liabilities and obligations expressly retained
by Seller pursuant to this Agreement; (d) the operation of the Business or ownership or condition of the Assets after the Closing;
and (e) fraud or intentional misrepresentations by Buyer.

 

10.4 Claims.

 

(a) Whenever
any claim for indemnification shall arise under this Section 10, including a third party claim (each, a “Claim”),
the Party seeking indemnification (the “Indemnitee”) shall notify in writing the Party from which indemnification
is sought (the “Indemnitor”) of the Claim promptly after Indemnitee becomes aware of the Claim’s existence,
specifying the factual basis for the Claim and the amount or an estimate (if known or reasonably determinable) of the liability
that may arise therefrom (an “Indemnification Notice”).

 

(b) For
an Indemnitee to be entitled to any indemnification provided for under this Agreement arising out of or involving a claim or demand
made by any third party, including a claim or demand made by any Governmental Entity (a “Third Party Claim”),
the Indemnitee shall provide an Indemnification Notice to the Indemnitor relating to the Third Party Claim as soon as possible
after the Indemnitee’s receipt of notice of the Third Party Claim. Thereafter, the Indemnitee shall deliver to the Indemnitor
copies of all notices and documents, including all court papers, received by the Indemnitee relating to the Third Party Claim.
An Indemnitee’s failure to provide an Indemnification Notice promptly shall not relieve the Indemnitor from its indemnification
obligations with respect to the subject of the Indemnification Notice, except to the extent the Indemnitor is materially prejudiced
as a result of such failure.

 

(c) If
a Third Party Claim is made against an Indemnitee, then the Indemnitor shall be entitled to participate in the defense of the Third
Party Claim and, if the Indemnitor so chooses, to assume the defense of the Third Party Claim. If the Indemnitor so elects to assume
the defense of a Third Party Claim, then the Indemnitor shall not be liable to the Indemnitee for legal expenses subsequently incurred
by the Indemnitee in connection with the defense of the Third Party Claim. If the Indemnitor assumes such defense, then the Indemnitee
shall have the right to participate in the defense of the Third Party Claim and to employ counsel, at its own expense, separate
from the counsel employed by the Indemnitor, it being understood, however, that the Indemnitor shall control such defense, but
shall not have the right to settle, adjust or compromise such Third Party Claim without the consent of the Indemnitee which consent
shall not be unreasonably withheld, conditioned or delayed. If the Indemnitor chooses to defend any Third Party Claim, then the
Parties shall cooperate in the defense of the Third Party Claim. Such cooperation shall include the retention and (upon the Indemnitor’s
request) provision to the Indemnitor of records that are reasonably relevant to the Third Party Claim and making employees available
on a mutually convenient basis to provide additional information and explanation of any material provided. If the Indemnitor, within
a reasonable time after receipt of an Indemnification Notice relating to a Third Party Claim, chooses not to assume defense of
the Third Party Claim or fails to defend the Third Party Claim actively and in good faith, then the Indemnitee shall (upon further
notice to the Indemnitor) have the right to undertake the defense of the Third Party Claim; provided, however, that, if indemnification
is to be sought hereunder, the Indemnitee may not to settle, adjust or compromise such Third Party Claim without the consent of
the Indemnitor which consent shall not be unreasonably withheld, conditioned or delayed.

 

    ASSET PURCHASE AGREEMENT – Page 34

     

    

 

10.5 Limitation
of Liability. Under no circumstances shall any Party be liable to another Party for any consequential, incidental, indirect,
exemplary, special, or punitive damages unless damages of this sort have been awarded to a third party.

 

10.6 Offset.
To the extent that Buyer or GENH shall have any Claims for Losses under Section 3.5 or Section 10.2, Buyer or GENH
and its Affiliates shall have the right, as a non-exclusive remedy, to offset such Losses against any payments in cash or GENH
Common Stock (including the Stock Consideration) due under or with respect to the Earn-Out , the Working Capital adjustment or
any other payment due under this Agreement.  If Buyer or GENH elects to offset, Buyer shall promptly notify Seller in writing
(the “Offset Notice”) of the amount, nature and basis of the offset.  If Seller disputes Buyer’s
offset, Seller shall notify Buyer of its dispute in writing (the “Offset Dispute Notice”) within thirty (30)
days of Seller’s receipt of the Offset Notice.  If no Offset Dispute Notice is given within such 30-day period, (a)
Buyer’s offset described in the Offset Notice shall be deemed agreed upon between the Parties; and (b) the amount set forth
in the Offset Notice may be subtracted from the payments due and owing to Seller.  In the event an Offset Dispute Notice is
timely delivered to Buyer, Buyer and Seller shall use their commercially reasonable efforts to resolve such dispute among themselves.
  In the event of a dispute, the portion of the amount of the Loss set forth in the Offset Notice shall not be paid to Seller
until such dispute is resolved.

 

10.7 Limitations.

 

(a) Seller
and Owners shall not have any liability for Losses under Section 10.2(a) unless and until the aggregate of all Losses related
thereto for which Seller and Owners would otherwise be required to provide indemnification exceeds on a cumulative basis an amount
equal to $25,000.00 (the “Threshold”), at which point Seller shall indemnify Buyer Indemnified Parties for all
of such Losses, including the Threshold; provided, however, that the limitations set forth in this Section 10.7(a) shall
not apply to any indemnification claim brought for breach of (i) Sections 4.1(a), 4.1(b), 4.1(d), 4.1(o),
4.1(p), 4.2(a), 4.2(b) and 4.2(c) (the “Fundamental Representations”); or (ii) any
fraudulent or intentional misrepresentations or willful misconduct.

 

(b) Notwithstanding
anything to the contrary in this Agreement and in addition to all other limitations set forth herein, the amount of all indemnification
payments required to be made by Seller and Owners pursuant to Section 10.2(a) shall not, individually or in the aggregate,
exceed $2,600,000.00; provided, however, that the limitations set forth in this Section 10.7(b) shall not apply to any indemnification
claim brought for (i) a breach of the Fundamental Representations; or (ii) any fraudulent or intentional misrepresentations or
willful misconduct.

 

    ASSET PURCHASE AGREEMENT – Page 35

     

    

 

(c) Each
Party must provide notice pursuant to Section 10.4(a) of a Claim pursuant to Section 10.2(a) with respect to a breach
of a representation or warranty during the survival period of such representation or warranty as set forth in Section 10.1.

 

11. General
Provisions.

 

11.1 Recitals.
The recitals set forth above are incorporated herein by reference as though fully set forth verbatim at length herein.

 

11.2 Exclusivity.
In consideration of the expenses that Buyer has incurred and will incur in connection with the proposed transaction contemplated
by this Agreement, Seller agrees that neither it nor any of its agents, Affiliates or Representatives will: (a) directly or indirectly
initiate contact with or solicit any inquiries or proposals from any person or entity (other than Buyer) relating to any sale of
the Business, whether directly or by merger or any similar transaction or business combination involving Seller; or (b) furnish
any information to any person or entity about or relating to the Business in connection with any of the foregoing. Seller agrees
to promptly notify Buyer in writing of any contact (whether by telephone, personal conversation, fax, e-mail or otherwise) between
Seller and/or any of its representatives, on the one hand, and any other Person, on the other hand, regarding any offer, proposal
or inquiry of any nature relating to the prohibited types of transactions described in this paragraph. Seller will cause its Representatives
to terminate all such discussions or negotiations that may be in progress on the date hereof.

 

11.3 Notices.
All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given
if personally delivered, or if mailed, by certified or registered mail, postage prepaid, or by express courier, to the Parties
at the following addresses (or such other addresses that shall be given in writing by any Party to the others by notice in accordance
with this Section 11.3):

 

If to Seller
or any Owner:

 

OZC Agriculture KY, LLC

222 West Exchange Street

Fort Worth, Texas 76164

Attn: Jack N. Sibley

 

 with a copy to
(which shall not constitute notice): 

 

Matthew A. Boyd, Esq.

Hawkins Parnell & Young, LLP

303 Peachtree Street NE, Suite 4000

Atlanta, Georgia 30308

 

    ASSET PURCHASE AGREEMENT – Page 36

     

    

 

If to Buyer:

 

Generation Hemp, Inc.

PO Box 540308

Dallas, Texas 75354

Attn: Gary C. Evans

 

 with a copy to (which shall
not constitute notice): 

 

Larry L. Shosid, Esq.

Bell Nunnally & Martin LLP

2323 Ross Avenue, Suite 1900

Dallas, Texas 75201

 

If personally
delivered, then such communication shall be deemed delivered on the date of actual receipt, and if sent by overnight courier or
certified or registered mail, then such communication shall be deemed delivered one (1) Business Day after being deposited with
an overnight courier, in the case of an overnight courier, or three (3) Business Days after being deposited with the U.S. Postal
Service, in the case of certified or registered mail.

 

11.4 Complete
Agreement; Burden and Benefit; Assignment. This Agreement, together with the Ancillary Documents and the exhibits and schedules
hereto, represents the final and complete contract of the Parties regarding the transactions contemplated hereby and thereby, and
shall be binding upon, and inure to the benefit of, the Parties and their respective beneficiaries, successors and assigns. No
other agreements, representations, warranties, or other matters, whether written or oral, will be deemed to bind the Parties with
respect to the subject matter hereof. Buyer shall not assign any of its rights or obligations hereunder without the prior written
consent of Seller.

 

11.5 Modification
and Waiver. No alterations or variations of the terms and provisions of this Agreement shall be valid unless made in writing
and signed by all of the Parties or their successors or permitted assigns. No waiver by any Party of any of the provisions hereof
shall be effective unless expressly set forth in writing and executed by the Party so waiving. The waiver by a Party of a breach
of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.

 

11.6 Governing
Law; Venue. The Parties agree that the law of the State of Texas shall govern any dispute arising out of this Agreement or
any Ancillary Document (unless an Ancillary Document expressly provides that it is governed by the laws of a jurisdiction other
than Texas) regardless of any conflict of law doctrines applicable to the States in which the Parties reside or in which the claim
arises. Furthermore, the Parties agree that they consent to the personal jurisdiction of the courts located in the State of Texas,
County of Dallas, which shall provide the exclusive forum for any controversy arising under this Agreement. Each Party consents
to personal and subject matter jurisdiction and venue in such applicable court and waives and relinquishes all rights to object
to the suitability or convenience of such venue or forum by reason of their present or future domiciles or by any other reason.
The Parties acknowledge that all directions issued by the forum court, including all injunctions and other decrees, will be binding
and enforceable in all jurisdictions. Process in any such action may be served on any Party anywhere in the world, whether within
or outside the jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of process on such
Party in a manner described in Section 11.3 for the giving of notice shall be deemed effective service of process on such
Party.

 

    ASSET PURCHASE AGREEMENT – Page 37

     

    

 

11.7 Arbitration.
Any dispute arising under or relating to this Agreement must be submitted to binding arbitration in Dallas County, Texas pursuant
to the rules for commercial arbitrations of the American Arbitration Association with a single arbitrator, and the Parties hereby
agree to and will not contest such submissions. Judgment upon the award rendered by an arbitrator may be entered in any court having
jurisdiction. Nothing contained in this Section 11.7 shall prevent Buyer from seeking injunctive or other equitable relief

 

11.8 Waiver
of Jury Trial. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING OUT OF
OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

11.9 Severability.
If any provision of this Agreement is held to be invalid or unenforceable, such holding will not affect the validity or enforceability
of the other provisions of this Agreement.

 

11.10 Counterparts.
This Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of
which together will constitute one and the same agreement. Electronic transmission signatures shall suffice for execution hereof.

 

11.11 Exhibits
and Schedules. All exhibits and schedules referred to in this Agreement are incorporated herein by reference.

 

11.12 Section
and Subsection Headings. Section and subsection headings inserted in this Agreement are for convenience only and shall not
be deemed to have any legal effect whatsoever in the interpretation of this Agreement.

 

11.13 No
Strict Construction. Notwithstanding the fact that this Agreement has been drafted or prepared by one of the Parties, each
of the Parties confirms that both it and its counsel have reviewed, negotiated and adopted this Agreement as the joint agreement
and understanding of the Parties. The language used in this Agreement shall be deemed to be the language chosen by the Parties
to express their mutual intent, and no rule of strict construction shall be applied against any Party.

 

11.14 Expenses.
Each Party shall bear the fees, costs and expenses of its legal counsel, accountants, and other advisors in connection with the
negotiation and consummation of the transactions contemplated hereby.

 

11.15 Independent
Counsel. Each Party warrants and represents that it has entered into this Agreement based upon its independent judgment, knowledge
and expertise, as well as on the advice of professional persons or firms consulted by it and not in reliance upon advice of professional
persons or firms retained by any other Party.

 

11.16 Attorneys’
Fees. In the event that any Party hereto brings a Proceeding to enforce or interpret the terms and provisions of this Agreement,
the prevailing Party in that Proceeding shall be entitled to have and recover from the non-prevailing Party all such fees, costs
and expenses (including, without limitation, all court costs and reasonable attorneys’ fees) as the prevailing Party may
suffer or incur in the pursuit or defense of such Proceeding.

 

Signature Pages Follow

 

    ASSET PURCHASE AGREEMENT – Page 38

     

    

 

IN WITNESS WHEREOF,
this Asset Purchase Agreement has been executed by the Parties, the corporate Parties acting through their respective duly authorized
officers, as of the date first above written.

 

	 	SELLER:
	 	 	 
	 	HALCYON THRUPUT, LLC,
	 	a Texas limited liability company
	 	 	 
	 	 	 
	 	By:	/s/ Watt P. Stephens
	 	Name:	Watt P. Stephens
	 	Title:	Partner
	 	 	 
	 	 	 
	 	OZ CAPITAL:
	 	 	 
	 	OZ CAPITAL, LLC,
	 	a Texas limited liability company
	 	 	 
	 	 	 
	 	By:	/s/ Watt P. Stephens
	 	Name:	Watt P. Stephens
	 	Title:	Partner
	 	 	 
	 	 	 
	 	PARENT:
	 	 	 
	 	OZC AGRICULTURE KY, LP,
	 	a Texas limited partnership
	 	 	 
	 	By:  	OZC Kentucky GP, LLC,
	 	 	its general partner

 

	 	By:	/s/ Watt P. Stephens
	 	Name:	Watt P. Stephens
	 	Title:	Partner

 

	 	OWNERS:
	 	 
	 	/s/
    Jack Sibley
	 	JACK SIBLEY, a resident of the State of Texas
	 	 
	 	 
	 	/s/ Watt
    Stephens
	 	WATT STEPHENS, a resident of the State of Texas

 

    ASSET PURCHASE AGREEMENT – Signature Page

      

    

 

	 	BUYER:
	 	 
	 	GENH HALCYON ACQUISITION, LLC,
	 	a Texas limited liability company
	 	 	 
	 	By:	/s/ Gary
    C. Evans
	 	     	Gary C. Evans, Chairman and CEO

 

	 	GENH:
	 	 
	 	GENERATION HEMP, INC.,
	 	a Colorado corporation 
	 	 	 
	 	By:	/s/ Gary
    C. Evans
	 	     	Gary C. Evans, Chairman and CEO

 

    ASSET PURCHASE AGREEMENT – Signature Page

      

    

 

Schedules to and Exhibits of Purchase
and Sale Agreement

 

 

	Schedule 1.1(a)	Business Agreements
	 	 
	Schedule 1.1(b)	Tangible Assets of the Business
	 	 
	Schedule 1.1(c)	Accounts Receivable
	 	 
	Schedule 1.1(d)	Inventory
	 	 
	Schedule 1.1(f)	Licenses and Permits of the Business
	 	 
	Schedule 1.1(g)	Marketing Assets
	 	 
	Schedule 1.1(i)	Confidentiality and Noncompetition Agreements
	 	 
	Schedule 1.2(c)	Other Excluded Assets
	 	 
	Schedule 2.1(ii)	Assumed Payables
	 	 
	Schedule 2.1(iii)	Assumed Liabilities
	 	 
	Schedule 3.1(b)	Equity Distribution
	 	 
	Schedule 3.5(a)	Working Capital Methodologies
	 	 
	Schedule 4.1(c)	No Violations or Conflicts
	 	 
	Schedule 4.1(d)	Title to Assets
	 	 
	Schedule 4.1(e)	Financial Statements
	 	 
	Schedule 4.1(f)	Liabilities
	 	 
	Schedule 4.1(g)	Certain Developments
	 	 
	Schedule 4.1(h)	Absence of Adverse Change
	 	 
	Schedule 4.1(j)(i)	Intellectual Property of the Business
	 	 
	Schedule 4.1(j)(ii)	Intellectual Property Contracts
	 	 
	Schedule 4.1(l)	Material Partners
	 	 
	Schedule 4.1(q)(iii)	List of Business, Independent Contractors, Consultants and Agents
	 	 
	Schedule 4.1(s)	Litigation
	 	 
	Schedule 5.1(d)	Owners who Will Transition to Buyer
	 	 
	Schedule 5.14	Personal Guaranties
	 	 
	Schedule 7.9	Required Consents
	 	 
	Exhibit “A”	Definitions
	 	 
	Exhibit “B”	Bill of Sale – Assignment and Assumption Agreement
	 	 
	Exhibit “C”	Real Property Purchase Agreement
	 	 
	Exhibit “D”	Owner Employee Agreement

 

     

     

    

 

Exhibit “A”

 

Definitions

 

“Accounting Firm” has
the meaning set forth in Section 3.4(c).

 

“Action” means any action,
complaint, claim, petition, litigation, suit, arbitration or other proceeding, whether civil or criminal, at law or in equity,
before any Governmental Entity relating to this Agreement or the transactions contemplated hereby

 

“Adjusted Working Capital”
has the meaning set forth in Section 3.5(c).

 

“Affiliate” means with
respect to any Person, each of the Persons that directly or indirectly, through one or more intermediaries, owns or Controls, is
Controlled by or is under common Control with, such Person. Each Owner is deemed to be an Affiliate of Seller.

 

“Agreement” has the
meaning set forth in the introductory paragraph.

 

“Ancillary Documents”
has the meaning set forth in Section 1.3.

 

“Assets” has the meaning
set forth in Section 1.1.

 

“Assumed Liabilities”
has the meaning set forth in Section 2.1.

 

“Business” has the meaning
set forth in the recitals.

 

“Business Agreements”
has the meaning set forth in Section 1.1(a).

 

“Business Day” means
a day that is not a Saturday or a Sunday or a day that banks in the State of Texas are not generally authorized or required by
Legal Requirements to be closed.

 

“Buyer” has the meaning
set forth in the introductory paragraph.

 

“Buyer Indemnified Parties”
has the meaning set forth in Section 10.2.

 

“Buyer’s Knowledge”
means the actual knowledge of Gary Evans without any investigation and inquiry.

 

“Cash Payment” has the
meaning set forth in Section 3.1(a).

 

“Claim” has the meaning
set forth in Section 10.4(a).

 

“Closing” has the meaning
set forth in Section 6.1.

 

“Closing Balance Sheet”
has the meaning set forth in Section 3.5(c).

 

“Closing Date” has the
meaning set forth in Section 6.1.

 

“Consent” has the meaning
set forth in Section 5.8.

 

     

     

    

 

“Contract” means any
oral or written agreement, instrument, lease, or other business or commercial arrangement (in each case, including any extension,
renewal, amendment or other modification thereof) to which Seller is a party or by which it is bound.

 

“Control” means the
possession, directly or indirectly, of the power to direct or cause the direction of management and policies, whether through the
ownership of voting securities, by contract or otherwise.

 

“Earn-Out” has the meaning
set forth in Section 3.2.

 

“Earn-Out Objection Notice”
has the meaning set forth in Section 3.4(b).

 

“Earn-Out Objection Period”
has the meaning set forth in Section 3.4(b).

 

“Earn-Out Payment” has
the meaning set forth in Section 3.2.

 

“Effective Date” has
the meaning set forth in the introductory paragraph.

 

“Environmental Law”
means any Law, Order or other requirement of Law for the protection of the environment, or for the manufacture, use, transport,
treatment, storage, disposal, release or threatened release of petroleum products, asbestos, urea formaldehyde insulation, polychlorinated
biphenyls or any substance listed, classified or regulated as “hazardous” or “toxic” or any similar term
under such Environmental Law.

 

“Estimated Balance Sheet”
has the meaning set forth in Section 3.5(a).

 

“Estimated Working Capital”
has the meaning set forth in Section 3.5(a).

 

“Estimated Insurance Ceiling”
has the meaning set forth in Section 3.1(c).

 

“Estimated Insurance Floor”
has the meaning set forth in Section 3.1(c).

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Excluded Assets” has
the meaning set forth in Section 1.2.

 

“Financial Statements”
has the meaning set forth in Section 4.1(e).

 

“Fundamental Representations”
has the meaning set forth in Section 10.7(a).

 

“GAAP” means United
States generally accepted accounting principles in effect from time to time.

 

“GENH” has the meaning
set forth in the introductory paragraph.

 

“GENH Common Stock”
has the meaning set forth in Section 3.1(a).

 

“Government Contract”
means any prime Contract, or subcontract under any prime Contract, with any Governmental Entity.

 

     

     

    

 

“Governmental Entity”
means any government, agency, governmental department, commission, board, bureau, court, arbitration panel or instrumentality of
the United States of America or any foreign government or any state, municipality or other political subdivision in or of any of
the foregoing (whether now or hereafter constituted and/or existing) and any court, agency, instrumentality, regulatory commission
or other entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Gross Receipts” has
the meaning set forth in Section 3.3(a).

 

“Holders” has the meaning set
forth in Section 3.1(b).

 

“Indemnification Notice”
has the meaning set forth in Section 10.4(a).

 

“Indemnitee” has the
meaning set forth in Section 10.4(a).

 

“Indemnitor” has the
meaning set forth in Section 10.4(a).

 

“Insurance Claim” has
the meaning set forth in Section 3.1(c).

 

“Insurance Company”
has the meaning set forth in Section 3.1(c).

 

“Intellectual Property”
has the meaning set forth in Section 1.1(e).

 

“Inventory” means any
inventory, including goods, goods-in-transit, supplies, containers, packaging materials, raw materials, work-in-progress, finished
goods, samples and other consumables.

 

“IP Contracts” has the
meaning set forth in Section 4.1(j)(ii).

 

“Jack” means Jack Sibley,
a resident of the State of Texas.

 

“Law” means any federal,
state, territorial, foreign or local law, common law, statute, ordinance, rule, regulation or code of any Governmental Entity.

 

“Legal Requirement”
means any federal, state, local and foreign laws, statutes, codes, rules, regulations, ordinances, judgments, orders, decrees and
the like of any Governmental Entity, including common law.

 

“Liability” means any
liability or obligation of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued,
disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested,
executory, determined, determinable or otherwise, and to the extent the same is required to be accrued on the financial statements
of such entity.

 

“Lien” means any restriction,
mortgage, pledge, lien, charge, security interest, encumbrance, objection or joint ownership.

 

“Loss” means any and
all claims, debts, liabilities, obligations, losses, damages, fines, penalties, judgments, assessments, costs and expenses (including,
without limitation, reasonable attorneys’ fees and expenses), liens and encumbrances.

 

“Material Customers”
has the meaning set forth in Section 4.1(l).

 

“Material Partners”
has the meaning set forth in Section 4.1(l).

 

     

     

    

 

“Material Suppliers”
has the meaning set forth in Section 4.1(l).

 

“Net Cash Flow” has
the meaning set forth in Section 3.3(b).

 

“Objection Notice” has
the meaning set forth in Section 3.5(d).

 

“Objection Period” has
the meaning set forth in Section 3.5(d).

 

“Offset Dispute Notice”
has the meaning set forth in Section 10.6.

 

“Offset Notice” has
the meaning set forth in Section 10.6.

 

“Operating Expenses”
has the meaning set forth in Section 3.3(c).

 

“Order” shall mean any
judgment, order, injunction, decree, or writ of any Governmental Entity or any arbiter.

 

“Ordinary Course” means
in the ordinary course of Seller’s Business consistent with past practice.

 

“Owner” or “Owners”
has the meaning set forth in the recitals.

 

“Oz Capital” has the
meaning set forth in the introductory paragraph.

 

“Packaged Software”
has the meaning set forth in Section 4.1(j)(ii).

 

“Parent” has the meaning
set forth in the introductory paragraph.

 

“Party” or “Parties”
has the meaning set forth in the introductory paragraph.

 

“Permitted Liens” means
(a) Liens on assets arising by operation of Legal Requirement securing the payment of Taxes which are not yet due and payable;
(b) mechanics’, carriers’, workers’, repairers’, and similar non-consensual Liens arising by operation
of law and relating to obligations of Seller which are incurred in the Ordinary Course and which are not due and payable as of
the Closing Date; (c) with respect to real property only, (i) minor imperfections of title, if any, none of which detracts from
the value or impairs the present or anticipated use of any real property subject thereto in any material respect or impairs the
marketability of any real property subject thereto in any material respect, or impairs the present or anticipated operations of
the Business in any material respect; and (ii) zoning laws and other land use restrictions of any Governmental Entity that do not
impair the present or anticipated use of any real property subject thereto; and Liens to be satisfied from the proceeds of the
Purchase Price immediately after Closing; and (d) any lien, whether arising by contract or statute, in favor of any landlord on
personal property located on premises leased from such landlord.

 

“Permits” has the meaning
set forth in Section 1.1(f).

 

“Person” means any corporation,
association, joint venture, partnership, limited liability company, organization, business, individual, trust, government or agency
or political subdivision thereof or other legal entity.

 

“Personal Guaranties”
has the meaning set forth in Section 5.14.

 

“Pro Formas” has the
meaning set forth in Section 4.1(e) .

 

     

     

    

 

“Proceeding” means any
civil or criminal litigation, arbitration, mediation or other action, suit, claim, demand, summons, citation or subpoena or inquiry
of any kind or nature whatsoever, civil, criminal, regulatory or otherwise, at law or in equity.

 

“Purchase Price” has
the meaning set forth in Section 3.1(a).

 

“Purchase Price Allocation”
has the meaning set forth in Section 3.6.

 

“Real Property” has
the meaning set forth in the recitals.

 

“Real Property Purchase Agreement”
has the meaning set forth in Section 1.4.

 

“Records” has the meaning
set forth in Section 1.1(h).

 

“Registration Statement”
has the meaning set forth in Section 5.12(a).

 

“Representatives” means
a Party’s Affiliates, officers, directors, employees, accountants, counsel, consultants, advisors and agents.

 

“Restricted Agreements”
has the meaning set forth in Section 1.3.

 

“Restricted Period”
has the meaning set forth in Section 3.1(b).

 

“Retained Liabilities”
has the meaning set forth in Section 2.2.

 

“SEC” has the meaning
set forth in Section 3.4(a).

 

“Securities Act” means
the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder and any successor laws.

 

“Seller” has the meaning
set forth in the introductory paragraph.

 

“Seller’s Employee Plans”
has the meaning set forth in Section 5.1(a).

 

“Seller’s Knowledge”
means the actual knowledge of Jack N. Sibley and Watt P. Stephens after reasonable investigation and inquiry.

 

“Settlement Amount”
has the meaning set forth in Section 3.1(c).

 

“Shareholders Agreement”
has the meaning set forth in Section 3.1(b).

 

“Stock Consideration”
has the meaning set forth in Section 3.1(a).

 

“Tax” or “Taxes”
means (i) all taxes, charges, fees, levies or other assessments in the nature of a tax (whether federal, state, local or foreign),
including income, gross receipts, excise, property, sales, use, transfer, license, payroll, franchise, ad valorem, withholding,
Social Security and unemployment taxes; and (ii) any interest, penalties and additions related to the foregoing.

 

“Tax Return” means any
return, amended return, declaration, report, claim for refund, information return or other document (including any related or supporting
schedules, statements or information) filed or required to be filed in connection with the determination, assessment or collection
of Taxes or the administration of any Legal Requirement relating to any Taxes.

 

     

     

    

 

“Threshold” has the
meaning set forth in Section 10.7(a).

 

“Third Party Claim”
has the meaning set forth in Section 10.4(b).

 

“Transfer” has the meaning
set forth in Section 3.1(b).

 

“WCA Claim” means the
claims of Sellers that exist or may be asserted by Sellers against West Coast Agricultural Construction Company.

 

“Watt” means Watt Stephens,
a resident of the State of Texas.

 

“Working Capital” has
the meaning set forth in Section 3.5(a).

 

“Working Capital Methodologies”
has the meaning set forth in Section 3.5(a).

 

“Working Capital Target”
has the meaning set forth in Section 3.5(b).

 

“Year One” means the
2020 calendar year.

 

“Year Three” means the
2022 calendar year.

 

“Year Two” means the
2021 calendar year.

 

“Yearly Financial Statements”
has the meaning set forth in Section 4.1(e).

 

     

     

    

 

Exhibit “B”

 

Bill of Sale – Assignment and Assumption
Agreement

 

[see attached]

 

     

     

    

 

Exhibit “C”

 

Real Property Purchase Agreement

 

[see attached]

 

     

     

    

 

Exhibit “D”

 

Owner Employee Agreement

 

[see attached]Document

Exhibit 10.1

FIRST AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT 
BY AND BETWEEN 
NUVEEN CHURCHILL ADVISORS LLC
AND 
CHURCHILL ASSET MANAGEMENT LLC
THIS INVESTMENT SUB-ADVISORY AGREEMENT made this 11th day of December, 2020, by and between NUVEEN CHURCHILL ADVISORS LLC, a Delaware limited liability company (the “Adviser”), and CHURCHILL ASSET MANAGEMENT LLC, a Delaware limited liability company (the “Sub-Adviser”). 
WHEREAS, the Adviser and the Sub-Adviser are investment advisers that are registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and engage in the business of providing investment management services; and 
WHEREAS, the Adviser has been retained to act as the investment adviser to Nuveen Churchill Direct Lending Corp. (f/k/a/ Nuveen Churchill BDC, Inc.), a Maryland corporation (the “Company”), a closed-end management investment company that intends to elect to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), pursuant to an Investment Advisory Agreement, dated December 31, 2019 (the “Advisory Agreement”); and 
WHEREAS, the Advisory Agreement permits the Adviser, subject to the supervision and direction of the Company’s board of directors (the “Board”), to delegate certain of its duties thereunder to other investment advisers, subject to the requirements of the 1940 Act; and 
WHEREAS, the Adviser and the Sub-Adviser are parties to the investment sub-advisory agreement, dated December 31, 2019, by and between the Adviser and the Sub-Adviser (the “Prior Agreement”); and
WHEREAS, the Adviser and the Sub-Adviser desire to amend and restate the Prior Agreement in order to change the allocation of compensation between the Adviser and Sub-Adviser under Section 3(a) thereof; and
WHEREAS, the Board has approved this amended and restated investment sub-advisory agreement (this “Agreement”) in accordance with the requirements of the 1940 Act.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the parties hereby agree as follows: 
1.    Duties of the Sub-Adviser. 
(a)     Retention of Sub-Adviser. The Adviser hereby engages the Sub-Adviser to manage the investment and reinvestment of the assets of the Company, subject to the terms set forth herein and subject to the supervision of the Adviser and the Board. 

(b)     Responsibilities of Sub-Adviser. Subject always to the supervision of the Adviser and the Company’s Board, the Sub-Adviser will furnish an investment program in respect of, make investment decisions for, and place all orders for the purchase and sale of securities for the Company, all on behalf of the Adviser.
(c)     Acceptance of Engagement. The Sub-Adviser hereby agrees during the term hereof to render the services described herein for the compensation provided herein, subject to the limitations contained herein. The Sub-Adviser shall carry out its responsibilities under this Agreement in compliance with: (i) the Company’s investment objectives, policies and restrictions set forth in the Company’s Form 10 or any future registration statement or prospectus; (ii) such policies, directives, regulatory restrictions and compliance policies as the Adviser may from time to time establish or issue and communicate to the Sub-Adviser in writing; and (iii) applicable law and related regulations.  
(d)    Independent Contractor Status. The Sub-Adviser shall, for all purposes herein provided, be deemed to be an independent contractor and, except as expressly provided or authorized herein, shall have no authority to act for or represent the Adviser or the Company in any way or otherwise be deemed an agent of the Adviser or the Company. 
(e)     Brokerage Commissions. The Sub-Adviser will not typically use a broker or dealer, but if a broker or dealer is used, the Sub-Adviser will place orders with any broker or dealer in connection with making investments for the Company, on the Adviser’s behalf hereunder. Subject to the other provisions of this paragraph, in placing orders with brokers and dealers, the Sub-Adviser will attempt to obtain the best price and the most favorable execution of its orders. In placing orders, the Sub-Adviser will consider the experience and skill of the firm’s securities traders as well as the firm’s financial responsibility and administrative efficiency. Consistent with this obligation, the Sub-Adviser may select brokers on the basis of the research, statistical and pricing services they provide to the Company and other clients of the Sub-Adviser. Information and research received from such brokers will be in addition to, and not in lieu of, the services required to be performed by the Sub-Adviser hereunder. A commission paid to such brokers may be higher than that which another qualified broker would have charged for effecting the same transaction, provided that the Sub-Adviser determines in good faith that such commission is reasonable in terms either of the transaction or the overall responsibility of the Sub-Adviser to the Company and its other clients and that the total commissions paid by the Company will be reasonable in relation to the benefits to the Company over the long term, subject to review by the Board from time to time with respect to the extent and continuation of such practice to determine whether the Company benefits, directly or indirectly, from such practice.
(f)     Voting of Proxies. The Adviser hereby delegates to the Sub-Adviser the Adviser’s discretionary authority to exercise voting rights with respect to the securities and other assets of the Company (the “Sub-Adviser Assets”) and authorizes the Sub-Adviser to delegate further such discretionary authority to a designee identified in a notice given to the Company and the Adviser. The Sub-Adviser, including without limitation its designee, shall have the power to vote, either in person or by proxy, all securities and other investments in which the Sub-Adviser Assets may be invested from time to time, and shall not be required to seek or take instructions from, the Adviser or the Company or take any action with respect thereto. Such authorization shall include the ability to exercise authority with regard to corporate actions affecting investments in the Sub-Adviser Assets. 
The Sub-Adviser has established a written procedure for proxy voting in compliance with current applicable rules and regulations, including but not limited to Rule 30b1-4 under the 1940 Act. The Sub-Adviser will provide the Adviser, or its designee, a copy of such procedure and establish a process for the 
2

timely distribution of the Sub-Adviser’s voting record with respect to the Company’s securities and other information necessary for the Company to complete information required by U.S. Securities and Exchange Commission (“SEC”) filings under the 1940 Act, the Securities Act, the Exchange Act, and the Sarbanes-Oxley Act of 2002, as amended, respectively. 
(g)     Power and Authority. To facilitate the Sub-Adviser’s performance of its responsibilities, but subject to the restrictions contained herein, the Adviser, on behalf of the Company, hereby delegates to the Sub-Adviser, and the Sub-Adviser hereby accepts, the power and authority to act on behalf of the Company to effectuate investment decisions for the Company, including the execution and delivery of all documents relating to the Company’s investments, the placing of orders for other purchase or sale transactions on behalf of the Company and the transfer of cash and other assets to facilitate the arrangement of the Company’s investments. If the Sub-Adviser deems it necessary or advisable to make, through a special purpose vehicle, any investment it is permitted hereunder to make on behalf of the Company, then the Sub-Adviser shall have authority to create, or arrange for the creation of, such special purpose vehicle and to make such investment through such special purpose vehicle. The Adviser, on behalf of the Company, but subject to the restrictions contained herein, also grants to the Sub-Adviser the power and authority to engage in all activities and transactions (and anything incidental thereto) that the Sub-Adviser reasonably deems appropriate, necessary or advisable to carry out its duties pursuant to this Agreement or otherwise not in conflict with the Charter and Bylaws of the Company. Any such actions taken by the Sub-Adviser on behalf of the Company shall be in the name of the Company. 
2.    Expenses. 
During the term of this Agreement, the Sub-Adviser will pay all expenses incurred by it in connection with its activities under this Agreement. The Sub-Adviser, at its sole expense, shall employ or associate itself with such persons as it believes to be particularly fitted to assist it in the execution of its duties under this Agreement; provided however, that the Sub-Adviser may not sub-contract or assign its duties under this Agreement to third-parties. In addition, the Company or the Adviser, as the case may be, shall reimburse the Sub-Adviser for any expenses as may be reasonably incurred by the Sub-Adviser in connection with services provided by the Sub-Adviser outside of the scope of this Agreement, specifically at the request of and on behalf of the Company or the Adviser.  In such instances, the Sub-Adviser shall keep and supply to the Company and/or the Adviser, as applicable, reasonable records of all such expenses. For the avoidance of doubt, unless the Sub-Adviser elects to bear or waive any of the following costs (in its sole and absolute discretion), the Company shall bear all other costs and expenses of its operations and transactions, including, without limitation, those relating to:
(i)    the organization of the Company; 
(ii)    calculating net asset value (including the cost and expenses of any independent valuation firm); 
(iii)    expenses, including travel, entertainment, lodging and meal expenses, incurred by the Adviser, the Sub-Adviser, or members of their investment teams, or payable to third parties, in evaluating, developing, negotiating, structuring and performing due diligence on prospective portfolio companies, including such expenses related to potential investments that were not consummated, and, if necessary, enforcing the Company’s rights;
(iv)    fees and expenses incurred by the Adviser, the Sub-Adviser, the Administrator (as defined herein) or an affiliate thereof, payable to third parties, including agents, consultants or other 
3

advisors, in monitoring financial and legal affairs for the Company and in conducting research and due diligence on prospective investments and equity sponsors, analyzing investment opportunities, structuring the Company’s investments and monitoring investments and portfolio companies on an ongoing basis; 
(v)    any and all fees, costs and expenses incurred in connection with the incurrence of leverage and indebtedness of the Company, including borrowings, dollar rolls, reverse purchase agreements, credit facilities, securitizations, margin financing and derivatives and swaps, and including any principal or interest on the Company’s borrowings and indebtedness (including, without limitation, any fees, costs, and expenses incurred in obtaining lines of credit, loan commitments, and letters of credit for the account of the Company and in making, carrying, funding and/or otherwise resolving investment guarantees); 
(vi)    offerings, sales, and repurchases of the Company’s common stock and other securities; 
(vii)    fees and expenses payable under any dealer manager and placement agent agreements, if any;
(viii)    investment advisory fees payable under Section 6 of the Advisory Agreement; 
(ix)    administration fees and expenses, if any, payable under the Administration Agreement, by and between the Company and Nuveen Churchill Administration LLC (the “Administrator”), dated December 31, 2019 (the “Administration Agreement”), (including payments under the Administration Agreement between us and the Administrator, based upon the Company’s allocable portion of the Administrator’s overhead in performing its obligations under the Administration Agreement, including rent and the allocable portion of the cost of the Company’s chief financial officer and chief compliance officer, and their respective staffs);
(x)    costs incurred in connection with investor relations, board of directors relations, and with preparing for and effectuating a listing of the Company’s securities on any securities exchange;
(xii)    any applicable administrative agent fees or loan arranging fees incurred with respect to the Company’s portfolio investments by the Adviser, the Sub-Adviser, the Administrator or an affiliate thereof;
(xii)    any and all fees, costs and expenses incurred in implementing or maintaining third-party or proprietary software tools, programs or other technology for the benefit of the Company (including, without limitation, any and all fees, costs and expenses of any investment, books and records, portfolio compliance and reporting systems, general ledger or portfolio accounting systems and similar systems and services, including, without limitation, consultant, software licensing, data management and recovery services fees and expenses); 
(xiii)    transfer agent, dividend agent and custodial fees and expenses;
(xiv)    federal and state registration fees; 
(xv)    all costs of registration and listing the Company’s securities on any securities exchange; 
(xvi)    federal, state and local taxes; 
4

(xvii)    fees and expenses of the members of the Company’s Board of Directors who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1940 Act) of the Adviser, the Sub-Adviser or of the Company (each, a “Non-Interested Director”), including reasonable travel, entertainment, lodging and meal expenses, and any legal counsel or other advisors retained by, or at the discretion or for the benefit of, the Non-Interested Directors; 
(xviii)    costs of preparing and filing reports or other documents required by the SEC or other regulators, and all fees, costs and expenses related to compliance-related matters (such as developing and implementing specific policies and procedures in order to comply with certain regulatory requirements) and regulatory filings related to the Company’s activities and/or other regulatory filings, notices or disclosures of the Adviser and its affiliates relating to the Company and its activities; 
(xix)    costs of any reports, proxy statements or other notices to shareholders, including printing costs; 
(xx)    fidelity bond, directors and officers/errors and omissions liability insurance, and any other insurance premiums; 
(xxi)    direct costs and expenses of administration, including printing, mailing, long distance telephone, copying, secretarial and other staff, independent auditors, tax preparers and outside legal costs;
(xxii)    proxy voting expenses; 
(xxiii)    all expenses relating to payments of dividends or interest or distributions in cash or any other form made or caused to be made by the Board of Directors to or on account of holders of the securities of the Company, including in connection with any dividend reinvestment plan or direct stock purchase plan;
(xxiv)    costs incurred in connection with the formation or maintenance of entities or vehicles to hold the Company’s assets for tax or other purposes;
(xxv).    the allocated costs incurred by the Adviser, the Sub-Adviser and/or the Administrator in providing managerial assistance to those portfolio companies that request it;
(xxvi)    allocable fees and expenses associated with marketing efforts on behalf of the Company;
 (xxvii)    all fees, costs and expenses of any litigation involving the Company or its portfolio companies and the amount of any judgments or settlements paid in connection therewith, directors and officers, liability or other insurance (including costs of title insurance) and indemnification (including advancement of any fees, costs or expenses to persons entitled to indemnification) or extraordinary expense or liability relating to Company’s affairs;
 (xxviii)  fees, costs and expenses of winding up and liquidating the Company’s assets; and
 (xxix) all other expenses incurred by the Company or the Sub-Adviser in connection with administering the Company’s business.
5

3.    Compensation. 

(a)     For the services provided and the expenses assumed pursuant to this Agreement, the Adviser will pay the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefor, (i) 75% of the aggregate amount of the Management Fee and the Incentive Fee, as defined in the Advisory Agreement between the Adviser and the Company, as amended from time to time.

(b)     The Management Fee and the Incentive Fee will be payable quarterly in arrears and will commence with the initial drawdown from investors.
4.    Liability and Indemnification. 
(a)     The duties of the Sub-Adviser shall be confined to those expressly set forth herein. The Sub-Adviser (and its officers, managers, partners, members (and their members, including the owners of their members), agents, employees, controlling persons and any other person or entity affiliated with the Sub-Adviser) shall not be liable for any action taken or omitted to be taken by the Sub-Adviser or such other person in connection with the performance of any of its duties or obligations hereunder, except to the extent resulting from willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder, except as may otherwise be provided under provisions of applicable state law which cannot be waived or modified hereby. As used in this Section 7(a), the term “Sub-Adviser” shall include, without limitation, the Sub-Adviser’s affiliates and the Sub-Adviser’s and its affiliates’ respective partners, shareholders, directors, members, principals, officers, employees and other agents of the Sub-Adviser.
 (b)     (i) Except as set forth in clause (ii), the Adviser shall indemnify the Sub-Adviser (and its officers, managers, partners, members (and their members, including the owners of their members), agents, employees, controlling persons and any other person or entity affiliated with the Sub-Adviser) (collectively, the “Indemnified Parties”), for any liability, losses, damages, costs and expenses, including reasonable attorneys’ fees and amounts reasonably paid in settlement (“Losses”), howsoever arising from, or in connection with, the Sub-Adviser’s performance of its obligations under this Agreement and (ii) the Adviser shall indemnify the Indemnified Parties for any Losses arising from, or in connection with, the Adviser’s willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of the performance of its obligations under this Agreement or the Advisory Agreement; provided, however, that in the case of clauses (i) and (ii) the Sub-Adviser shall not be indemnified for any Losses that may be sustained as a result of the Sub-Adviser’s willful misfeasance, bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties hereunder. 
5.    Confidentiality
The parties hereto agree that each shall treat confidentially all information provided by each party to the other regarding its business and operations. All confidential information provided by a party hereto, including all “nonpublic personal information,” as defined under the Gramm-Leach-Bliley Act of 1999 (Public law 106-102, 113 Stat. 1138), shall be used by the other party hereto solely for the purpose of rendering services pursuant to this Agreement and, except as may be required in carrying out this Agreement, shall not be disclosed to any third party, without the prior consent of such providing party, except that such confidential information may be disclosed to an affiliate or agent of the disclosing party to be used for the sole purpose of providing the services set forth herein. The foregoing shall not be applicable to any information that is publicly available when provided or thereafter becomes publicly 
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available other than through a breach of this Agreement, or that is requested by or required to be disclosed to any governmental or regulatory authority, including in connection with any required regulatory filings or examinations, by judicial or administrative process or otherwise by applicable law or regulation. 
6.    Responsibility of Dual Directors, Officers and/or Employees
If any person who is a director, officer, equityholder or employee of the Sub-Adviser or its affiliates is or becomes a director, officer, equityholder and/or employee of the Company and acts as such in any business of the Company, then such director, officer, equityholder and/or employee of the Sub-Adviser or its affiliates shall be deemed to be acting in such capacity solely for the Company, and not as a director, officer, equityholder or employee of the Sub-Adviser or its affiliates or under the control or direction of the Sub-Adviser or its affiliates, even if paid by the Sub-Adviser.
7.    Duration and Termination of Agreement. 
(a)     This Agreement shall become effective as of the first date above written. This Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice, by (i) the Adviser, if the Board or a “majority of the outstanding voting securities” (as such term is defined in Section 2(a)(42) of the 1940 Act) of the Company determines that this Agreement should be terminated, or (ii) the Sub-Adviser. The provisions of Section 7 of this Agreement shall remain in full force and effect, and the Sub-Adviser shall remain entitled to the benefits thereof, notwithstanding any termination of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Sub-Adviser shall be entitled to any amounts owed under Section 6 through the date of termination or expiration. 
(b)     Unless earlier terminated pursuant to clause (a) above, this Agreement shall continue in effect for two years from December 31, 2019 and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (i) the vote of the Board of Directors, or by the vote of a majority of the outstanding voting securities of the Company and (ii) the vote of a majority of the Non-Interested Directors in accordance with the requirements of the 1940 Act. 
(c)     This Agreement will automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the 1940 Act). 
8.    Services Not Exclusive. 
Nothing in this Agreement shall prevent the Sub-Adviser or any member, manager, officer, employee, agent or other affiliate thereof from acting as investment adviser for any other person, firm or corporation, or from engaging in any other lawful activity, and shall not in any way limit or restrict the Sub-Adviser or any of its members, managers, officers, employees, agents or other affiliates from buying, selling or trading any securities for its or their own accounts or for the accounts of others for whom it or they may be acting. For the avoidance of doubt, the Adviser and the Sub-Adviser (or either of their respective affiliates) may enter into one or more agreements pursuant to which the Sub-Adviser and/or its affiliates and their personnel may be restricted in their investment management activities. The Sub-Adviser or any member, manager, officer, employee, agent or other affiliate thereof may allocate their time between advising the Company and managing other investment activities and business activities in which they may be involved. 

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9.    Notices. 
Any notice under this Agreement shall be in writing to the other party at such address as the other party may designate from time to time for the receipt of such notice and shall be deemed to be received on the earlier of the date actually received or on the fourth day after the postmark if such notice is mailed first class postage prepaid.
10.    Amendments of this Agreement. 
This Agreement may be amended by mutual consent of the parties, subject to the requirements of applicable law. 
11.    Entire Agreement; Governing Law. 
This Agreement contains the entire agreement of the parties and supersedes all prior agreements, understandings and arrangements with respect to the subject matter hereof. This Agreement shall be construed in accordance with the laws of the State of New York and in accordance with the applicable provisions of the 1940 Act. In such case, to the extent the applicable laws of the State of New York, or any of the provisions herein, conflict with the provisions of the 1940 Act, the latter shall control. 
12.     Miscellaneous. 
The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect. If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby. This Agreement shall be binding on, and shall inure to the benefit of the parties hereto and their respective successors. 
13.     Counterparts. 
This Agreement may be executed in counterparts by the parties hereto, each of which shall constitute an original counterpart, and all of which, together, shall constitute one Agreement.
[Remainder of page intentionally left blank.] 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the date above written.

						
	NUVEEN CHURCHILL ADVISORS LLC

		
	By:	/s/ John D. McCally
		
	Name: John D. McCally

	Title: Managing Director, Assistant Secretary

		
		
	CHURCHILL ASSET MANAGEMENT  LLC

		
	By:
	/s/ John D. McCally

		
	Name: John D. McCally

	Title: Assistant Secretary

 

[Signature Page to First Amended and Restated Investment Sub-Advisory Agreement]
45547509.2

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