Document:

Exhibit 10.13

 

 

 

STOCK
PURCHASE AGREEMENT

 

 

 

 

 

By and among

 

CCS Environmental World Wide 

as the Seller, 

 

Urban Ag Corporation (AQUM.pk) 

as the, 

Buyer

 

 

As of

 

November 7, 2011

 

 

 

 

     

     

    

 

TABLE
OF CONTENTS

 

Page

 

	Section 1.	Sale and Purchase of the Stock.	1
	Section 2.	Closing.	1
	Section 3.	Purchase Price.	2
	Section 4.	Representations and Warranties of the Seller	2
	Section 5.	Representations and Warranties of the Buyer.	4
	Section 6.	Survival of Representations and Warranties; Indemnification	6
	Section 7.	Confidentiality	6
	Section 8.	The Incorporated's Covenants Prior to Close	7
	Section 9.	Conditions Precedent to the Obligation of the Buyer to Close	9
	Section 10.	Conditions Precedent to the Obligations of Seller and the Incorporated to Close.	10
	Section 11.	Termination	10
	Section 12.	The Buyer's Obligations at Closing.	10
	Section 13.	The Sellers' Obligations at Closing	10
	Section14.	Subsequent Events.	11
	Section 15.	Parties in Interest	11
	Section 16.	Entire Agreement	11
	Section 17.	Governing Law	11
	Section 18.	Expenses	11
	Section 19.	Arbitration	11
	Section 20.	Consent to Jurisdiction; Waiver of Jury Trial	11
	Section 21.	Severability	12
	Section 22.	Notices	12
	Section 23.	Non-Waivers	13
	Section 24.	Assignment	13
	Section 25.	Miscellaneous	13
	Schedule A	Shareholder List and Required Certificates	 
	Exhibit A	Bill of Sale	 

 

 

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STOCK PURCHASE AGREEMENT

 

THIS
STOCK PURCHASE AGREEMENT (this "Agreement"), dated as of October , 2011, is entered into by and among CCS Environmental
World Wide Corporation "CCS" (the "Corporation" or the "SELLER"), a Delaware Corporation (the "Corporation")
Uraban Ag Corporation , a Delaware corporation (the "BUYER").

 

WITNESSETH:

 

WHEREAS,
the Seller owns Stock of CCS identified as STOCK; and

 

WHEREAS,
the Seller wishes to sell and the Buyer wishes to purchase the STOCK on the terms and subject to the conditions set forth in this
Agreement.

 

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

 

Section 1.     Sale
and Purchase of the STOCK  .

 

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

 

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

 

(c)      Non-Assumption
of Liabilities. It is understood and agreed by the parties hereto that the STOCK will be sold, conveyed, transferred and assigned
to the Buyer at the Closing free and clear of all liens, charges and encumbrances whatsoever, and it is further understood and
agreed by the parties hereto that the Buyer does not assume, accept or undertake any obligations, commitments, duties, debts or
liabilities of any kind whatsoever pursuant to this Agreement or otherwise except for the agreed upon Liabilities identified in
exhibit B (Balance Sheet).

 

Section 2.     Closing.

 

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

 

 

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Section 3.     Purchase
Price.

 

In
consideration for Seller's sale of the STOCK to the Buyer, the Seller will receive 7,900,000 Common Shares of AQUM.pk
and an earn out of Five million warrants (5,000,000) warrants price at Three Dollars of AQUM.
The Warrants become purchasable once CCS achieves $50,000,000 in revenue in a single year, which shall be referred to herein as
the "Purchase Price."

 

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

 

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

 

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

 

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

 

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

 

(iv)         
Legal Proceedings 

 

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

 

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

 

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

 

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

 

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

 

(vii)       Material
Contracts.

 

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

 

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

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

 

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

 

(xi)       Brokers
and Finders.

 

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

 

(xii)       Accuracy.

 

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

 

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

 

 

 

	

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

 

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

 

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

 

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

 

		

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

 

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

 

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

 

Section 5.     Survival
of Representations and Warranties; Indemnification.

 

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

 

(b)       
Defense of Claims.

 

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

 

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

 

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

 

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

 

(a)       Conduct
of Business.

 

(A)       The
Corporation shall:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

			

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

 

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

 

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

 

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

 

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

 

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

 

(xvii)       
not waive any rights of material value;

 

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

 

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

 

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

 

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

 

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

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 11. The Buyer's Obligations
at Closing.

 

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

 

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

 

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

 

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

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Section 13. Subsequent Events.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

    	11

    	 

    

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

 

Section 21. Notices.

 

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

 

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

 

CCS Worldwide

Attention: Marc Bourassa

Telecopier No.:

with a copy to:

 

Attention:

Telecopier
No.:

 

 

 

			

    	12

    	 

    

 

 

(ii)if to the Buyer to:

 

Urban Ag Corporation
with a copy to:

 

Attention: Bill V. Ray
Jr. Telecopier No

 

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

 

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

 

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

 

Section 24. Miscellaneous.

 

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

 

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

 

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

    	13

    	 

    

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

 

	 	SELLER: 
	 	CCS Worldwide Corporation 
	 	 	 
	 	By:	/s/ Marc Bourassa
	 	Name:	Marc Bourassa
	 	Title:	 President
	 	 	 
	 	 	 
	 	BUYER:
	 	 	 
	 	Urban Ag Corporation
	 	 	 
	 	By:	/s/ Billy V. Ray Jr.
	 	Name:	 Billy V. Ray Jr.
	 	Title:	President   

 

 

 

    	14

    	 

    

 

SCHEDULE A

 

Shareholders

 

 

	Shareholder	 	Number of Shares to be Delivered by AQUM.pk
	Laura Magliochetti	 	 	1,975,000	 
	Olivia Magliochetti	 	 	1,975,000	 
	Roger P Cook	 	 	1,343,000	 
	Stephen L Bowen	 	 	1,343,000	 
	Marc Bourassa	 	 	790,000	 
	Mark Grudzielanek	 	 	60,000	 
	Danielle Martin	 	 	60,000	 
	Peter Rogal	 	 	58,500	 
	Doug Arnold	 	 	58,500	
	William F Tripp	 	 	237,000	 
	Total	 	 	7,900,000	 

 

    	15

    	 

    

 

EXHIBIT
A

BILL OF SALE

 

This Bill
of Sale ("Bill of Sale") is entered into as of October , 2011, between CCS Worldwide a Delaware corporation (the
"Conveyor") whose address is Brockton Ma. and Urban Ag Corporation, a Delaware corporation (the "Conveyee"),
whose address is Danvers, Massachusetts, pursuant to the terms of that certain Stock Purchase Agreement dated as of November 7,
2011 between Conveyor and Conveyee (the "SPA").

 

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

 

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

 

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

 

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

 

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

 

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

 

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

    	16

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

[Signature
Page Follows]

    	17

    	 

    

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

 

	 	"CONVEYOR"
	 	 
	 	 
	 	CCS Worldwide Corporation
	 	 
	 	By: 	/s/ Marc
Bourassa
	 	Name:	Marc
Bourassa
	 	Title:	 President
	 	 	 
	 	 	 
	 	 	 
	 	"CONVEYEE”
	 	 
	 	 
	 	Urban AG Corporation
	 	 
	 	By: 	/s/ Billy V. Ray Jr.
	 	Name:	Billy V. Ray Jr.
	 	Title: 	President

 

 

 

 

 

 

[Signature Page to the Bill of Sale]

 

    	18Exhibit 10.15

 

LOAN PURCHASE & SALE AGREEMENT

 

THIS LOAN PURCHASE
& SALE AGREEMENT (this "Agreement") is entered into as of January 11, 2012, by and between SUMMITBRIDGE
CREDIT INVESTMENTS LLC with offices at 1700 Lincoln St., Suite 2150, Denver, Colorado 80203, as Seller ("Seller")
and URBAN AG CORPORATION, a Delaware corporation, as Buyer ("Buyer").

 

A.      As
of the date hereof, Seller is the legal and beneficial owner and holder of a one hundred percent (100%) interest in certain loans
as set forth on Exhibit A attached hereto, (individually a "Loan" and collectively the "Loans")
together with all documents related to the Loans (the Loans and such related documents are collectively referred to herein
as the "Loan Documents"), including, but not limited to: all instruments and documents evidencing, securing,
collateralizing, and guarantying the Loans (collectively, the "Collateral"); all of Seller's right and
remedies under the Loan Documents and under any guaranty or endorsement thereof, or with respect to any security thereof, or with
respect to any security therefore (collectively, the "Rights"); and all of Seller's obligations, if any,
to make advances or other financial accommodations or services to the Obligor (as defined below) under the Loan Documents (collectively,
the "Obligations").

 

B.      At
Buyer's request, Seller has agreed to sell, assign, convey and transfer to Buyer for value on the Closing Date (as defined below),
without recourse, representation or warranty, except as expressly set forth in Section 8(a) hereof, all of Seller's interest
in the Loans, the Loan Documents, the Collateral, the Rights and the Obligations, pursuant to the terms and provisions of this
Agreement.

 

C.      In
order to facilitate the payment of the Purchase Price (as defined herein) Seller, Buyer, Brown Rudnick LLP, as escrow agent ("Escrow
Agent") and the parties thereto have agreed to enter into that certain Escrow Agreement dated as of January 11, 2012 (the
"Escrow Agreement").

 

THEREFORE, in
consideration of the mutual promises set forth in this Agreement and other valuable consideration, the receipt of which is hereby
acknowledged, the Seller and the Buyer agree as follows:

 

1.    Definitions.
For purposes of this Agreement, the following terms shall have the meanings indicated below:

 

(a)   Agreement"
shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(b)   "Assigned
Interest" means all of Seller's right, title and interest in and to the Loans, the Loan Documents, the Collateral,
the Rights and the Obligations; provided, however, that the Assigned Interest shall not include Seller's rights to indemnification
pursuant to the Loan Documents for events, occurrences or matters relating to periods prior to the Closing Date.

 

 

Loan Purchase & Sale Agreement

    	Page 1 of 10

    	 

    

 

(c)
"Buyer" shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(d) "Closing"
means the closing of the transaction described in this Agreement, including, without limitation, the occurrence of the Closing
Date in accordance with the terms and provisions of this Agreement.

 

(e) "Closing
Date (shall have the meaning ascribed to such term in Section 5 of this Agreement.

 

(f) "Collateral"
shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(g) "Escrow
Agent," shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(h) "Escrow
Agreement" shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(i) "Indemnified
Party" shall have the meaning ascribed to such term in Section 7(a) of this Agreement.

 

(j) "Loan"
or "Loans" shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(k) "Loan
Documents" shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(l) "Obligations"
shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(m) "Obligor"
means any borrower, any guarantor(s) of a Loan, any endorser(s) of any Loan Document, and any other party whose property, or any
part thereof is Collateral.

 

(n)
"Purchase Price" shall have the meaning ascribed to such term in Section 4 of this Agreement.

 

(o) "Rights"
shall have the meaning ascribed to such term in the recitals to this Agreement.

 

(p) "Seller"
shall have the meaning ascribed to such term in the recitals to this Agreement.

 

2.    Other
Capitalized Terms. All capitalized terms not otherwise defined herein shall have the meanings given such terms in the Loan
Documents.

 

 

    	Page 2 of 10

    	 

    

3.Assignment of Assigned Interest.

 

(a)In
consideration of the Purchase Price, subject to the terms and provisions of this Agreement, the Seller hereby agrees to irrevocably
sell, assign, convey and transfer to Buyer, and the Buyer hereby agrees to accept from the Seller, on the Closing Date, all of
the Assigned Interest. NOTWITHSTANDING THE FOREGOING, THIS AGREEMENT IS MADE WITHOUT RECOURSE TO SELLER, OR ANY PAST, PRESENT
OR FUTURE AFFILIATE, SUBSIDIARY, PARENT OR PARICIPANT OF THE SELLER; AND, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THIS
AGREEMENT IS MADE BY THE SELLER WITHOUT ANY REPRESENTATIONS, WARRANTIES, OR COVENANTS OF ANY KIND OR NATURE WHATSOEVER, WHETHER
EXPRESSED, IMPLIED OR IMPOSED BY LAW, INCLUDING WITHOUT LIMITATION, ANY OF THE WARRANTIES DESCRIBED IN SECTIONS 3-416 AND 3417
OF THE UNIFORM COMMERCIAL CODE AS IN EFFECT FROM TIME TO TIME IN THE COMMONWEALTH OF MASSACHUSETTS, WHICH WARRANTIES ARE HEREBY
EXPRESSLY DISCLAIMED BY THE BUYER. EXCEPT AS SPECIFICALLY SET FORTH IN RECITAL A AND SECTION 8(a) THIS AGREEMENT, SELLER DISCLAIMS
ALL REPRESENTATIONS, WARRANTIES, AND COVENANTS OF EVERY NATURE WHATSOEVER, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, WITH
RESPECT TO: MERCHANTABILITY; NEGOTIABILITY; STATE AS A HOLDER IN DUE COURSE; CREDITWORTHINESS OF ANY MAKER; THE COLLECTABILITY
OF ANY AMOUNT OWED TO SELLER BY ANY OBLIGOR; THE FINANCIAL CONDITION OF ANY OBLIGOR, ACCOMMODATION PARTY, ENDORSER, GUARANTOR,
OR OTHER OBLIGOR UNDER OR WITH RESPECT TO THE LOANS, NOTES OR ANY LOAN DOCUMENT; THE EXISTENCE, CONDITION, HABITABILITY, MERCHANTABILITY,
MARKETABILITY, FREEDOM FROM TITLE DEFECTS, OR VALUE OF ANY COLLATERAL FOR THE LOANS, NOTES OR ANY LOAN DOCUMENT; THE VALIDITY,
ENFORCEABILITY, ATTACHMENT, PRIORITY OR PERFECTION OF ANY SECURITY INTEREST OR MORTGAGE, OR OTHER LIEN DESCRIBED IN THE LOAN DOCUMENTS;
COMPLIANCE OF ANY COLLATERAL WITH ANY LAW, GOVERNMENTAL REGULATION, RESTRICTIVE COVENANT, INCLUDING WITHOUT LIMITATION, ZONING
ORDINANCES, BUILDING CODES, HEALTH REGULATIONS, USE AND SET BACK RESTRICTIONS, AND THOSE PERTAINING TO HAZARDOUS, TOXIC OR SIMILAR
MATERIALS; EXISTENCES OR NAMED PAYEE OF ANY INSURANCE OR THE VALIDITY OF ANY CERTIFICATE OF INSURANCE WITH RESPECT TO ANY COLLATERAL
FOR THE LOANS, NOTES OR ANY LOAN DOCUMENT OR ON THE LIFE OF ANY PERSON LIABLE FOR ANY OBLIGATION UNDER OR WITH RESPECT TO THE LOANS,
NOTES OR ANY LOAN DOCUMENT IN ACCORDANCE WITH ITS TERMS OR OTHERWISE; COMPLETENESS OF THE LOAN FILES; AND GENUINENESS AND COMPLETENESS
OF ANY ITEM IN THE LOAN FILES.

 

(b)In
consideration of the Purchase Price, subject to the terms and provisions of this Agreement, the Buyer hereby agrees to buy, assume
and accept, on the Closing Date, the Assigned Interest and to perform and discharge all of the Obligations when due from and after
the occurrence of the Closing Date.

 

 

Loan Purchase & Sale Agreement

    	Page 3 of 10

    	 

    

 

4.Payment
of Purchase Price. Upon its execution of this Agreement, the Buyer shall be irrevocably obligated to deposit with the Escrow
Agent the purchase price of One Million Dollars ($1,000,000.00) for the Assigned Interest (the "Purchase Price").
The Buyer shall deliver the Purchase Price to the Escrow Agent in good and immediately available funds and in cash on or before
12:00 p.m. (Eastern Time) on Thursday, January 12, 2012.

 

If, for any reason, the Buyer,
prior to or on the Closing Date, breaches or fails to perform any of the Buyer's obligations under this Agreement, then: (a) the
entire unpaid portion of the Purchase Price (without discount or forgiveness of any kind) shall become immediately due and payable
in full and shall promptly be paid by Buyer to Seller in cash or equivalents as liquidated damages; and (b) the Seller shall be
entitled to take any and all remedies against the Buyer that it may have under this Agreement or under any applicable law. For
the avoidance of doubt, (i) nothing herein shall impair, alter or reduce or be deemed to have impaired, altered or reduced the
payment or performance obligations of the Obligor under the Loan Documents in accordance with their respective terms; (ii) all
of the Seller's rights and remedies that it may have against Obligor or Buyer under this Agreement or any Loan Document shall be
cumulative, may be exercised in any combination or order, may be exercised individually or concurrently and not exclusive of any
other rights or remedies provided by any applicable law; and (iii) Seller remains the legal and beneficial owner and holder of
a one hundred percent (100%) interest in the Loans until the consummation of the Closing in accordance with Section 5 hereof.

 

5.Closing; Assumption
of Obligations.

 

(a)The
Closing shall be effective upon the satisfaction of each of the following conditions: (i) the execution and delivery of this Agreement
by each of Seller and Buyer (in accordance with the Escrow Agreement); (ii) the payment in full of the Purchase Price in accordance
with the terms and provisions of Section 4 of this Agreement and disbursed from the Escrow Agent to the Seller in accordance with
the terms and provisions of the Escrow Agreement; and (iii) the receipt by Seller of $335,000.00 (as described in that certain
Letter Agreement executed on the date hereof) from the Escrow Agent in accordance with terms and provisions of the Escrow Agreement
(the date on which items (i), (ii) and (iii) above are fully and timely satisfied, the "Closing Date").
The Closing shall take place on or before 12:00 p.m. (Eastern Time) on Tuesday, January 17, 2012. The parties hereto agree that
time shall be of the essence with respect to each and every of the various undertakings and obligations set forth in this Agreement.

 

(b)Upon
the Closing and the occurrence of the Closing Date:

 

(i)the
sale and assignment of the Assigned Interest contemplated by Section 2 hereof shall be in full force and effect, subject
to the terms and provisions thereof and to the other terms and provisions of this Agreement. At such time, the Buyer shall become
the "lender" under the Loan Documents and shall assume and be responsible for the Obligations and all the rights, duties,
liabilities and obligations of the "lender" thereunder. In the event that notwithstanding the sale of the Assigned Interest,
Seller receives any payments on account of the Assigned Interest after the Closing Date, Seller shall hold that payment for the
benefit of Buyer and shall promptly transmit it to Buyer.

 

 

Loan Purchase & Sale Agreement

    	Page 4 of 10

    	 

    

 

(ii)Seller
shall be relieved of, and Buyer shall assume all responsibility for, any tax reporting required with respect to the Loans, including,
without limitation, any reporting which may be required with respect to debt forgiveness. Buyer hereby acknowledges and agrees
further that Buyer shall assume full responsibility for any and all tax consequences to Buyer or any obligor on the Loans arising
as a result of this Agreement. Such tax consequences shall include, without limitation, any tax liability of Buyer in connection
with any debt forgiveness.

 

(iii)Buyer
shall assume all responsibility having itself substituted as loss payee on all Loans related insurance in which Seller is listed
as a loss payee. Any loss after the Closing Date to Buyer is the sole responsibility of Buyer. Buyer hereby covenants and agrees
to execute and deliver all such documents and to take all such further actions as Seller may reasonably deem necessary from time
to time to carry out the intent and purpose of this Agreement and to consummate the transactions contemplated hereby.

 

6.Intentionally
Omitted.

 

7.Indemnification.

 

(a)Buyer shall
indemnify and hold harmless Seller and its respective predecessors, agents, representatives, employees, shareholders, members,
officers, directors, partners, affiliates, parent corporations, subsidiary corporations, affiliated corporations, counsel, successors
and assigns and each of them (including, but not limited to Summit Investment Management LLC) (each an "Indemnified
Party") from any and all demands, claims, causes of action, losses, damages, liabilities, obligations, remedies, penalties,
costs and expenses (including without limitation, reasonable attorneys' fees) arising out of, pertaining to, or in connection with
(i) the Loans, arising from events, conditions or circumstances occurring any time prior or subsequent to the Closing including,
without limitation, in connection with any and all tax consequences to Buyer or any obligor on the Loans and (ii) a breach of any
representation, warranty or obligation made herein. Buyer further agrees to pay when due or promptly reimburse Seller for any fees,
taxes, costs and expenses incurred by Seller in connection with the performance or nonperformance by Buyer of all of the representation,
warranties and obligations of Buyer specified herein.

 

(b)If a third
party commences any action or makes any demand against any Indemnified Party for which such Indemnified Party is entitled to indemnification
under this Agreement, the Indemnified Party will promptly notify the Buyer in writing of such action or demand; provided, however,
that if the Indemnified Party assumes the defense of the action and fails to provide prompt notice to the Buyer, such failure shall
not limit in any way the Buyer's obligation to indemnify the Indemnified Party except to the extent that such failure materially
prejudices the Buyer's ability to defend the action. The Buyer may, at its own expense and without limiting its obligation to indemnify
the Indemnified Party, participate in the defense of such action with counsel reasonably satisfactory to the Indemnified Party,
or the Buyer may, at

 

 

Loan Purchase & Sale Agreement

    	Page 5 of 10

    	 

    

its own expense and without
limiting its obligation to indemnify the Indemnified Party, assume the defense of such action with counsel reasonably acceptable
to the Indemnified Party. In any event, the party that has assumed the defense of such action shall provide the other party with
copies of all notices, pleadings, and other papers filed or served in such action. Neither party shall make any settlement or adjustment
without the other party's prior written consent, which consent: (i) in the case of the Buyer will not be unreasonably withheld
if the settlement or adjustment involves only the payment of money damages by the Buyer; and (ii) in the case of the Indemnified
Party may be withheld for any reason if the settlement or adjustment involves performance or admission by the Indemnified Party.

 

8.Representations.

 

(a)Seller
hereby represents and warrants to Buyer that as of the date hereof, Seller is the legal and beneficial owner and holder of a one
hundred percent (100%) interest in the Loans.

 

(b)Buyer
hereby represents and warrants to Seller that, in conjunction with its attorneys and advisors, Buyer has made its own independent
evaluation of each aspect of the transactions contemplated by this Agreement, including without limitation: (i) the validity and
enforceability of the Loans and Loan Documents; (ii) the existence of, title to, liens and encumbrances on, physical condition
of and the value of any purported collateral for the Loans and the Loan Documents; and (iii) the compliance of any such purported
collateral with laws, ordinances, governmental rules and regulations, and obligations owed to and conditions in favor of third-parties
including without limitation, zoning regulations, building codes, restrictive covenants, easements, licenses, and those pertaining
to environmental matters, hydrocarbons, hazardous or toxic materials, and underground storage tanks. Buyer further represents and
warrants that it will not violate any laws relating to unfair credit collection practices in connection with the Loans.

 

9.Miscellaneous.

 

(a)No
failure by either party to this Agreement to exercise, and no delay by either party in exercising, any right, power or privilege
under this Agreement shall operate as a waiver of such right, power or privilege, and no single or partial exercise of any such
right, power or privilege shall preclude any other or further exercise thereof or exercise of any other right, power or privilege.
If any action or proceeding is commenced to enforce or interpret this Agreement, the prevailing party shall be entitled to recover
from the non-prevailing party the costs and expenses of maintaining such action or proceeding, including reasonable attorneys'
fees and disbursements incurred before such action or proceeding is commenced, before trial, at trial, after trial and on appeal,
whether the action proceeding is at law, in equity or in a bankruptcy case or proceeding.

 

(b)EACH OF SELLER AND
BUYER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING FROM OR BY REASON OF OR RELATING TO THIS AGREEMENT OR ANY ACTIONS OF SELLER OR BUYER IN THE NEGOTIATING,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT.

 

 

Loan
Purchase & Sale Agreement

    	Page 6 of 10

    	 

    

 

(c)This
Agreement constitutes the entire agreement between Seller and Buyer with respect to the subject matter of this Agreement and supersedes
all prior agreements, understandings and negotiations, both written and oral, between Seller and Buyer with respect to the subject
matter of this Agreement. No representation, inducement, promise, understanding, condition or warranty that is not set forth in
this Agreement has been made or relied upon by either Seller or Buyer.

 

(d)Except
as provided herein, all notices or deliveries required or permitted hereunder shall be in writing and delivered personally or by
facsimile or by generally recognized overnight delivery service and shall be deemed given (a) when delivered, if delivered personally
or by facsimile to the address and facsimile identified for each party above and (b) one day after transmission, if delivered by
generally recognized overnight delivery service.

 

(e)No
person, organization or association other than Seller and Buyer shall have any rights or claims under this Agreement. In addition
to and not in limitation of the foregoing, no Obligor shall have any rights or claims under this Agreement.

 

(f)This
Agreement shall be deemed to be a contract made under the laws of the Commonwealth of Massachusetts, and for all purposes shall
be governed by, and construed in all respects (including matters of constructions, validity and performance) in accordance with,
the laws of the Commonwealth of Massachusetts, without regard to the Conflicts of Laws principles thereof. This Agreement shall
not be amended, except by a writing signed by all of the parties hereto.

 

(g)This
Agreement may be executed in any number of counterparts (including by facsimile or .pdf), and by the different parties hereto or
thereto on the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together
shall constitute one and the same agreement. Each party agrees that it will be bound by its own facsimile or .pdf signature and
that it accepts the facsimile or .pdf signature of each other party. The descriptive headings of the various sections of this Agreement
are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions
hereof or thereof. Whenever the context and construction so require, all words herein in the singular number herein shall be deemed
to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter
shall include the masculine and feminine.

 

(h)The
Seller and Buyer shall each keep confidential and shall not divulge to any person, without the other party's prior written consent,
the Purchase Price paid by Buyer for the Loans or any of the terms or conditions of this Agreement or any closing document except
as required by applicable law or order or stock exchange rules; provided, this obligation will not prevent any party hereto from
making any internal disclosures of information to its own employees or professional advisors so long as such persons are advised
of the confidential nature of such information.

 

 

Loan Purchase & Sale Agreement

    	Page 7 of 10

    	 

    

 

IN
WITNESS WHEREOF, Seller and Buyer have caused this Loan Purchase & Sale Agreement to be executed by their respective duly
authorized representatives as of the day and year first written above.

 

	 	
        Buyer:

         

        URBAN AG CORPORATION
	 
	 	 	 	 
	 	By:	/s/ Billy V. Ray J.	 
	 	Name: 	Billy V. Ray J.	 
	 	Title: 	CEO	 
	 	E-mail:	BillyVRayJ@yahoo.com 	 

 

	 	
        Seller:

         

        SUMMITBRIDGE CREDIT INVESTMENTS LLC
	 
	 	 	 	 
	 	By:	             	 
	 	Name: 	 	 
	 	Title: 	 	 
	 	E-mail:	 	 

 

 

 

 

 

    	 

    	 

    

 

IN WITNESS WHEREOF, Seller and Buyer have
caused this Loan Purchase & Sale Agreement to be executed by their respective duly authorized representatives as of the day
and year first written above.

 

 

	 	
        Buyer:

         

        URBAN AG CORPORATION
	 
	 	 	 	 
	 	By:	 	 
	 	Name: 	           	 
	 	Title: 	 	 
	 	E-mail:	 	 

 

	 	
        Seller:

         

        SUMMITBRIDGE CREDIT INVESTMENTS LLC
	 
	 	 	 	 
	 	By:	/s/ Glenn P. Cummins 	 
	 	Name: 	Glenn P. Cummins 	 
	 	Title: 	Treasurer	 
	 	E-mail:	 	 

 

 

 

    	 

    	 

    

 

ACKNOWLEDGED AND AGREED support of the execution and delivery
of this Loan Purchase & Sale Agreement:

 

COMMONWEALTH CONTRACTING SERVICES LLC 

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

 

CCS SPECIAL PROJECTS LLC 

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

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

Exhibit A

 

Loans

 

	Loan Balance as of 1/9/12	Borrowers	Seller
	
        $2,018,338.57

        —
        $1,921,531.44 (principal)

        —
        $95,810.76 (interest)

        —
        $996.37 (fees)

         
	Commonwealth Contracting Services LLC & CCS Special Projects LLC	SummitBridge Credit Investments LLC

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