Document:

EXHIBIT 10.1

 

ASSET
PURCHASE AGREEMENT

 

This
Asset Purchase Agreement (the Agreement”) is made and entered into as of May 14, 2014, by and between, The Natural Way of
LA, LLC, a California Limited Liability Company with a business address of 5817 West Pico Boulevard, Los Angeles, CA 90019 (the
“Seller”) and OSL Holdings, Inc., a Nevada corporation with a business address of 60 Dutch Hill Road, Suite 13, Orangeburg,
NY 10962 (the “Purchaser”) (each hereinafter referred to singly as a “Party” or collectively as the “Parties”).

 

RECITALS

 

A.
The Purchaser desires to acquire the Purchased Assets (as that term is defined later in this Agreement), on the terms and subject
to the conditions specified in this Agreement.

 

B.
The Seller desires to sell and convey all of its rights, title and interest in and to the Purchased Assets to the Purchaser, on
the terms and subject to the conditions specified in this Agreement.

 

C.
Purchaser and Anthony Tucci intend to enter into a separate consulting agreement following the execution of this Agreement herein.

 

NOW
THEREFORE, in consideration of the mutual covenants, terms and conditions contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree to the foregoing and as follows:

 

1.
Sale, Assignment and Transfer.

 

	 	1.1	Subject
    to the provisions of this Agreement, Purchaser agrees to purchase, and Seller agrees to sell, all of Seller’s rights,
    title and interest, in and to any and all intellectual property, including but not limited to copyrights, trademarks, patents,
    trade secrets, process manuals, operation procedure guides, software, as well the assets listed in Exhibit
    A attached hereto (collectively the “Purchased Assets”). Seller
    hereby sells, assigns, conveys and transfers to Purchaser and Purchaser hereby acquires, all of Seller’s rights, title
    and interest including, but not limited to, all of Seller’s common law rights in and to the Purchased Assets. Purchaser
    does not assume any liabilities associated with the business associated with Seller’s business (the
    “Business”).
	 	 	 
	 	1.2	Seller’s
    Assurances. Seller hereby represents and warrants to
    the Purchaser that (i) the Seller has the right to sell and transfer the Purchased Assets to the Purchaser, (ii) Seller is
    the sole holder of any intellectual property, including but not limited to patents, trademarks or copyrights, associated with
    the Purchased Assets in any country, (iii) no monies are owed to anyone who may have worked on the Purchased Assets and (iv)
    the Purchased Assets are being transferred to Purchaser free and clear of any and all liens, licenses, claims or encumbrances
    whatsoever in any country.

 

    	1

    	 

    

 

2.
Payments to Seller

 

	 	2.1	Purchasers will pay One-Hundred
Thousand Dollars ($100,000) to Sellers according to the following schedule and for the specified purposes set forth below:

 

21.1
Upon execution of this Agreement, Purchasers will make a Forty-Five Thousand Dollar ($45,000) down payment to Sellers (the
“Down Payment”).

 

21.2
Beginning on June 15, 2014 and continuing for seven months thereafter, Purchasers will make a total of Fifty-Five Thousand
Dollars ($55,000) in payments to Sellers (the “Tax Payments.”) Sellers
expressly agree to use this money for the sole purpose of making payments to the City of Los Angeles for taxes that are currently
outstanding.

 

2.1.2.1
The Tax Payments shall be paid to Sellers according the following schedule:

 

	—
    June     15,2014	 	$8,250
	—
    July     15,2014	 	$8,250
	—
    August     15, 2014	 	$8,250
	—
    September 15, 2014	 	$8,250
	—
    October 15, 2014	 	$8,250
	—
    November 15, 2014	 	$8,250
	—
    December 15, 2014	 	$5,500

 

2.1.3
Sellers agree to provide Purchasers with proof of that said Tax Payments were indeed used for the sole purpose of making payments
to the City of Los Angeles for taxes that are currently outstanding. Sellers warrant and represent that they will not use the
Tax Payments for any other purpose, and understand that the use of Tax Payments for anything else but for the payment of the currently
outstanding City of Los Angeles taxes will constitute a material breach of this agreement and entitle Purhasers to to enforce
its rights under this Agreement including but not limited to those rights set forth in Sections 5.8, 5.9 and 5.13 herein.

 

	 	2.2	Contingent upon Seller achieving
certain defined goals by the conclusion of the Due Diligence Period, as defined
below in Section 2.3, addition sums, in the form of cash and/or stock (the “Contingent
Additional Payments”) will
be paid to Sellers and/or their designee on the following schedule:

 

    	2

    	 

    

 

	 	●	1,916,665
    (One-Million Nine-Hundred- Sixteen-Thousand Six Hundred- Sixty Five) Shares in OSL Holdings (OTCQB: OSLH), valued at approximately
    One-Hundred Fifteen Thousand Dollars ($115,000) issued to Matthew Cohen thirty (30) days after the conclusion of the Due Dillegence
    Period;
	 	 	 
	 	●	1,916,665
    (One-Million Nine-Hundred-Sixteen-Thousand Six Hundred- Sixty Five) Shares in OSL Holdings (OTCQB: OSLH), valued at approximately
    One-Hundred Fifteen Thousand Dollars ($115,000) issued to Anthony J. Tucci thirty (30) days after the conclusion of the Due
    Dillegence Period;
	 	 	 
	 	●	Sixty-Nine
    Thousand Dollars ($69,000) thirty (30) days after the conclusion of the Due Dillegence Period in a check made payable to Anthony
    J. Tucci;
	 	 	 
	 	●	One-Hundred
    Three Thousand - Five Hundred Dollars ($103,500) sixty (60) days after the conclusion of the Due Dillegence Period in a check
    made payable to Matthew Cohen;
	 	 	 
	 	●	One-Hundred
    Three Thousand - Five Hundred Dollars ($103,500) twelve (12) months after the conclusion of the Due Dillegence Period in a
    check made payable to Anthony J. Tucci;
	 	 	 
	 	●	Sixty-Nine
    Thousand Dollars ($69,000) twelve (12) months after the conclusion of the Due Dillegence Period in a check made payable to
    Matthew Cohen;

 

	 	2.3	Buyer shall have up to twelve
(12) months (hereinafter the “Due Dilligence Period”) to ascertain whether or not Seller has achieved and maintained
the following:

 

	 	●	Provide
    documentation that it has an annual gross revenue run rate of at least One Million Dollars ($1,000,000);
	 	 	 
	 	●	Provide
    verification of unambiguous compliance with Prop D, (LAMC 45.19.6 et seq.) or any subsequent ordinance as well as the California
    Medical Marijuana Program Act (MMPA) or any subsequent law that regulates medical marijuana at the state level;
	 	 	 
	 	●	Provide
    verification that is not a defendant in any enforcement proceeding initiated by the Office of the City Attorney of Los Angeles
    or the People of the State of California; and
	 	 	 
	 	●	Provide
    verification that the Lease for the premises located at 5817 and 5819 West Pico Boulevard, Los Angeles, CA 90019 can be assigned
    to Buyer at Buyer’s request.

 

	 	2.4	In the event that Seller fails
to achieve and maintain all the conditions set forth in Section 2.3 above during the Due Dilligence Period, none of the Contingent
Additional Payments shall be paid to Sellers.

 

    	3

    	 

    

 

3.
Warranties and Representations. Seller hereby represents
and warrants to Purchaser that:

 

3.1.
Seller has all necessary power and authority to own, lease and operate the Purchased Assets and to operate the Business as
now being conducted;

 

3.2.
Seller has the requisite power and authority to execute, deliver, and perform this Agreement, and when executed and delivered
to Seller will constitute a valid and binding obligation of Seller;

 

3.3.
Neither the execution, delivery nor performance of this Agreement nor the consummation of the transactions contemplated hereby:
(i) will conflict with, will result in a violation of any applicable law or judgment; (ii) will result in a breach of any assumed
obligation; or (iii) will create any lien or encumbrance upon any of the Purchased Assets;

 

3.4.
Seller has good and marketable title to all Purchased Assets and none of the Purchased Assets is subject to any lien, encumbrance,
claim, pledge, hypothecation, charge, mortgage, security interest, or restriction of any nature (collectively, the “Liens”);

 

3.5.
The cash flow statements, balance sheets and profit and loss statements to be provided to Purchaser by Seller will be true
and correct in all material respects and will present fairly the operating income and financial condition of Seller and its Business
as of the dates they are prepared;

 

3.6.
All returns, reports and statements relating to the Purchased Assets or to the operation of the Business which Seller is required
to file with any governmental agency or other body have been filed and timely without any time lapse, are current now;

 

3.7.
Seller has filed or has caused to be filed all federal, state, county, local or city tax returns affecting the Purchased Assets
or the operation of the Business which are required to be filed by Seller, and all tax assessments and other governmental charges
which are due and payable have been timely paid;

 

3.8.
There are no actions, suits, proceedings, orders or claims pending or threatened against Seller, or pending or threatened
by Seller against any third party which relate to, or in any way affect, the Purchased Assets or the operation of the Business;

 

3.9.
Seller has complied in all material respects with all applicable federal, state and local laws, rules, regulations, ordinances,
codes, statutes, judgments, orders and decrees in connection with the ownership of the Purchased Assets and the operation of the
Business and that neither the ownership nor the use of the Purchased Assets conflicts with the rights of any other person or entity;

 

    	4

    	 

    

 

3.10.
Seller has no contingent liabilities or other liabilities with respect the Purchased Assets.

 

3.11.
The books and other records of the Seller relating to the Business are true, correct and complete in all material respects;

 

3.12.
The Purchased Assets include all Purchased Assets used or useful in connection with the operation of the Business as currently
operated;

 

3.13.
Upon the consummation of the transactions contemplated hereby, Seller will transfer good and valid title to the Purchased
Assets free and clear of any Liens;

 

3.14.
The Purchased Assets will be fit for their intended purposes and be fully functional as represented prior to the Closing;

 

3.15.
Since Purchaser’s inspection of the Purchased Assets, there has not been and will not be in the foreseeable future any
material damage, destruction, change or loss of any kind or have had a material adverse effect with respect to the Purchased Assets;

 

3.16.
No brokers or other intermediaries were involved in the sale of the Purchased Assets and no fees or commissions are now outstanding.

 

3.17.
No insolvency proceedings of any character, voluntary or involuntary, affecting the Purchased Assets are pending;

 

3.18.
There are no existing agreements with, options or rights of, or commitments to any person, other than to Purchaser, to acquire
any of the Purchased Assets or any interest therein;

 

3.19.
The sale of the Purchased Assets pursuant to this Agreement is made in exchange for fair and equivalent consideration. Seller
is not now insolvent and will not be rendered insolvent by the sale, transfer and assignment of the Purchased Assets pursuant
to the terms of this Agreement. Seller is not entering into this Agreement or any of the other agreements referenced in this Agreement
with the intent to defraud, delay or hinder their respective creditors and the consummation of the transactions contemplated by
this Agreement, and the other agreements referenced in this Agreement, will not have any such effect. The transactions contemplated
in this Agreement or any agreements referenced in this Agreement will not constitute a fraudulent conveyance, or otherwise give
rise to any right of any creditor of Seller to any of the Purchased Assets;

 

3.20.
Seller warrants that any information provided to Purchaser is true and correct and is a fair and accurate presentation of
the Purchased Assets and is unaware of any conditions that would adversely affect or substantial impair the Purchased Assets;

 

3.21.
There are no material omissions or untrue statements contained in this Agreement which are misleading; and

 

    	5

    	 

    

 

4.
Post-Closing Covenants.

 

4.1.
Non-interference. Seller hereby covenants that it will not, anywhere in
the world, challenge, or cause a third party to challenge, the validity and ownership by Purchaser of the Purchased Assets and
will not, anywhere in the world directly or indirectly seek to register, defend, compromise or dispute any rights in and to the
Purchased Assets.

 

4.2.
Additional Acts. Seller hereby covenants that it will, at any time upon
request of Purchaser, execute and deliver to Purchaser any new or confirmatory instruments and do and perform any other acts which
Purchaser may reasonably request in order to fully sell assign and transfer to and vest in Purchaser, all of Seller’s right,
title and interest in and to the Purchased Assets.

 

5.
Miscellaneous.

 

5.1.
Assignment. Neither this Agreement nor any right or obligation under this
Agreement is assignable in whole or in part by Seller, and any attempted assignment without such consent shall be null and void
and of no force or effect.

 

5.2.
Entire Agreement. This Agreement, including any and all Exhibits and attachments
to this Agreement, which are hereby incorporated by reference into this Agreement, constitutes the entire agreement between the
Parties with respect to the subject matter of this Agreement and supersedes all prior agreements, understandings, negotiations
and discussions, whether written or oral, with respect to the same subject matter.

 

5.3.
Amendments. This Agreement may only be amended by a written agreement
duly signed by persons authorized to sign agreements on behalf of each Party.

 

5.4.
Notices. All notices, demands, requests, or other communications which
may be or are required to be given or made by any Party to the other Party pursuant to this Agreement shall be in writing and
shall be hand delivered, mailed by first-class registered or certified mail, return receipt requested, postage prepaid, or delivered
by overnight air courier addressed as provided in the preamble of this Agreement.

 

5.5.
Governing Law and Jurisdiction. The interpretation and construction of
this Agreement, to the extent the particular issue is controlled by state law, shall be governed by and construed in accordance
with the laws (but not including choice of law provisions) of the State of California. The state and federal courts located in
County of Los Angeles, California shall have exclusive jurisdiction to adjudicate all disputes between the Parties concerning
the subject matter hereof.

 

5.6.
Counterparts; Signatures. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original, but all of which will be one and the same document. Facsimiles and
electronic copies in portable document format (“PDF”) containing original signatures shall be deemed for all purposes
to be originally signed copies of the documents that are the subject of such facsimiles or PDF versions.

 

    	6

    	 

    

 

5.7.
Benefits; Binding Effect. This Agreement shall be binding upon and inure
to the benefit of the respective Parties and their permitted assigns and successors in interest.

 

5.8.
Indemnification. Seller shall indemnify, defend and hold Purchaser harmless
from any and all claims, liabilities, costs, expenses, damages, and penalties (including reasonable attorneys’ fees) arising
from Seller’s breach of its representation and warranties as set forth in this Agreement.

 

5.9.
Attorneys’ Fees. The prevailing Party in any dispute concerning
this Agreement shall be entitled to recover reasonable attorneys’ fees and costs incurred as a result of defending or prosecuting
the claim, as the case may be.

 

5.10.
Expenses. Except as otherwise provided herein, each Party shall be solely
responsible for all expenses, including finder’s fees, all legal and accounting fees, related costs and other expenses incurred
by it in connection with this Agreement.

 

5.11.
Joint Preparation. This Agreement shall be deemed for all purposes to
have been prepared through the joint efforts of the Parties hereto and shall not be construed for or against one Party or any
other Party as a result of the preparation, submittal, drafting, execution or other event of negotiation hereof.

 

5.12.
Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced under any rule of law, all other conditions and provisions of this Agreement shall nevertheless
remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected
in a materially adverse manner with respect to either Party.

 

5.13.
Injunctive Relief; Specific Performance. The Parties agree that the interest
in the Purchased Assets represent unique interests. As such the Purchaser hereto shall be entitled to seek injunctive relief and/or
specific performance, in addition to other remedies, to enforce its rights under this Agreement.

 

5.14.
Waiver. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute
a continuing waiver unless otherwise expressly provided.

 

5.15.
Captions. The captions in this Agreement are for convenience only and
shall not be considered a part of or affect the construction or interpretation of any provision of this Agreement. J

 

    	7

    	 

    

 

5.16.
Time of the Essence. Time is, and at all times hereafter shall be, of the essence in satisfying the terms, conditions
and provisions of this Agreement.

 

IN
WITNESS WHEREOF the Parties have executed this Agreement on the date specified in the preamble of this agreement.

 

“Seller”

 

	The
                                         Natural Way of L.A.

	 
	 	 	 
	By:	 	 
	Name:	Matthew
    Cohen	 
	Its:	 	 

 

	By:	 	 
	Name:	Anthony J. Tucci	 
	Its:	 	 

 

“Purchaser”

 

OSL
Holdings, Inc.

 

	By:	/s/
Robert Rothenberg	 
	Name:	Robert Rothenberg
    	 
	Its:	President & CEO	 

 

    	8

    	 

    

 

EXHIBIT
A

 

Purchased
Assets

 

Front
Desk:

Very
large professional medical reception desk

printer/scanner unit

PC with monitor

stereo
system with speakers and installation

2
more slimline reception chairs

custom upholstered lounge chair

all
restockable office products (paper, ink, pens, markers, staplers etc.)

Natural Way business cards and card holders

multi-line
phone system hub

MMJOS
proprietary patient management system on PC with DL scanner

custom
artwork x3

file
cabinet with patient files

wall
rack for files

camera
for security x2

television
monitor displaying security views

wall
cabinets for storage x2

coffee
table

fake
plants

 

Lobby/Reception:

3
slimline reception chairs

lobby table

magazine
rack

original
artwork x3

MMJ
policy boards x2

custom
lighting fixture xl

business
card referral rack

specialty
MMJ locking mechanism for front door

Outdoor
“flag” signage

Outdoor
banner signage (9foot)

Outdoor
customized window tinting and logo decal

 

Dispensary:

decorative
water fountain

heppa
filtered air unit

decorative
lighting pillars x2

jewel
case spot lighting x2

original
artwork x5

television
display units x2

mid/mini
refrigerator

 

    	9

    	 

    

 

Decorative
chandelier

long
MMJ display cases with custom internal lighting (jewelry display cases) x3

tall
glass custom display case with custom lighting

cash
register

cash
register stand/desk

custom
wall storage cabinets x2

phone
unit #2 and #3

 

MMJ
Packaging supplies

1200
gram jars (glass w/tops)

1200
1/16th jars (glass w/tops

1200
l/8th containers (glass w/tops)

scales
1 large capacity, 1 mid cap, 1 small cap

custom
pharmacy bags

 

Office:

Desk

chairs x3

Bulletin
boards x2

custom
artwork x2

MMJ
product safe concrete installed

MMJ
smaller safe (Day Safe)

phone
center

Security
hub with DVR and lead multi-camera monitor system

custom storage cabinets x2

file cabinet

original
created employee manual and handbook

 

Bathroom:

custom
storage cabinet

all
janitorial supplies

original
artwork, custom mirror

 

Growing Equipment:

 

	Quantity	 	Description
	18	 	1,000
    watt digital ballasts
	18	 	1,000
    watt eye Hortilux HPS bulbs
	18	 	Large
    Adjust-A-Wing reflectors
	10	 	4X8
    trays
	2	 	Sentinel
    C02 sensors
	2	 	Sentinel
    C02 regulators
	2	 	C02
    tanks (20 lb.)
	8	 	36k
    BTO mini split A/C
	1	 	Charcoal
    filters

 

    	10

    	 

    

 

	8	 	Filter
    fans
	2	 	Thermometer
    / hygrometer
	Quantity	 	Description
	2	 	Little
    Giant Sump Pumps
	2	 	Little
    Giant Diaphragm
	 	 	Drip
    stakes
	 	 	Drip
    tubing (1/2”&1/4”)
	10	 	Dehumidifiers
	 	 	1/2”
    Spinlocks
	 	 	CO2
    tubing (laser drilled)
	2	 	55
    gal. reservoir
	 	 	Circulation
    pump/ airstone
	1	 	12k
    power box
	8	 	timers
    (sentinel)
	10	 	Wall
    fans
	2	 	PH
    pen (Blue Lab)
	1	 	PH
    pen (Oakton)
	1	 	tds
    pen (HM)
	1	 	tds
    pens (Oakton)
	50	 	5
    gallon Smart Pots
	9	 	1,000
    watt digital ballest
	9	 	1,000
    watt Eye HM bulbs
	9	 	Large
    Adjust A-wings
	6	 	4x8
    trays
	2	 	C02
    sensor
	2	 	C02
    regulator
	1	 	C02
    tank (201b.)
	 	 	36k
    BTU mini split A/C
	2	 	Dehumidifiers
	2	 	Charcoal
    filters
	2	 	Filter
    fans
	2	 	Thermometer
    / hygrometer
	 	 	Mondi
    Sump Pump
	1	 	Little
    Giant Sump Pumps
	1	 	Little
    Giant Diaphragm
	1	 	55
    Gallon reservoir
	1	 	Circulation
    pump/ air stone
	1	 	12k
    power box
	3	 	Sentinel
    timers
	3	 	Wall
    fans
	2	 	PH
    pens
	2	 	tds
    pens
	2	 	Spinlocks

 

    	11

    	 

    

 

	 	 	Drip
    tubing
	 	 	Drip
    stakes
	Quantity	 	Description
	1	 	1,000
    watt ballasts
	1	 	1,000
    watt MH bulbs
	1	 	large
    Adjust A-wing
	2	 	4x8
    trays
	1	 	24k
    BTU mini split A/C
	 	 	C02
    sensor
	 	 	C02
    regulator
	 	 	C02
    tanks (20 lb.)
	1	 	Thermometer
    / hygrometer
	2	 	Filter
	2	 	Filter
    fan
	1	 	55
    Gallon reservoir
	1	 	Recirculating
    pumps/ air stone
	 	 	Mondi
    Sump Pump
	 	 	Little
    Giant Sump Pumps
	1	 	Little
    Giant reservoir
	1	 	4k
    power box
	1	 	Timer
	2	 	Dehumidifier
	2	 	Wall
    fans
	2	 	4ft
    4bulb T5
	2	 	Rack
	2	 	Filter
	2	 	Filter
    fan
	 	 	Heater
	1	 	Heater
	1	 	36k
    BTU A/C
	1	 	Dehumidifier
	4	 	Fans
	4	 	Charcoal
    filter
	4	 	Filter
    fan
	1	 	2yk
    BTU A/C
	1	 	Filter
	1	 	Fan
    out
	1	 	Hepa
    filter

 

    	12

    	 

    

 

EXHIBIT
B

 

Assumed
Obligations

 

None.

 

    	13EXHIBIT 10.2

  

CONSULTING
AGREEMENT

 

The
Consulting Agreement (the “Agreement”) is made as of the 15th day of May 2014, by and between OSL Holdings, Inc. (the
“Company”) and Anthony Tucci (the “Consultant”). In consideration of the closing of the Asset Purchase
Agreement between Matthew Cohen & Anthony Tucci with OSL Holdings, Inc., dated May 15th, 2014 as well as mutual promises contained
herein and other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree as follows:

 

1. Services.
The Consultant agrees to provide management and operational services (the “Services”) to and for the Company and
its Cannabis Division during the Term (as defined below), as the Company may reasonably request; and as mutually agreed. The
Consultant shall deliver such Services either in person or by telephone as the Company may reasonably request. The Consultant
agrees to use his best efforts in the performance and delivery of the Services in Exhibit A contemplated hereunder and
dedicates daily time and effort to these services.

 

2. Compensation.
The Company shall provide to the Consultant, compensation as follows:

 

(a)
100,000 shares (the “Shares”) of the Company’s common stock, par value $0,001 per share, which shall be
issued to Consultant within ten (10) business days of request by Consultant for each month of service less any shares given
within Asset Purchase Agreement executed on May 15th; and $15,000 per month for hours expended each month on Services in
Exhibit A;

 

(b)
Reimbursement for expenses incurred in connection with providing the Services, provided that all such expenses were
previously approved in writing by the Company.

 

3. Term.
The term of the Agreement (the “Term”) shall commence on the date hereof and shall be monthly thereof, unless
extended by written agreement of the parties hereto.

 

4. Confidentiality.

 

(a)
The Consultant agrees that all materials and information, whether or not in writing, of a private, secret or confidential
nature concerning the Company’s technology, business or financial affairs, including the identification of the
Company’s customers and clients (collectively, “Confidential Information”) is and shall be the exclusive
property of the Company. The Consultant will not disclose any Confidential Information to others outside the Company or use
the same for any purposes (other than in the performance of his services as an Consultant to the Company) without the written
approval of the Company, either during or after the Term, unless and until such Confidential Information has become public
knowledge without fault by the Consultant.

 

(b)
All tangible materials containing Confidential Information or copies thereof and all tangible property of the Company in the
Consultant’s custody or possession shall be delivered to the Company upon the earlier of (i) a request by the Company
or (ii) termination of the Term. After such delivery, the Consultant shall not retain any such materials or copies thereof or
any such tangible property.

 

    	 

    	 

    

 

(c)
The Consultant agrees that his obligation not to disclose or to use information and materials of the types set forth in
paragraph (a) above, and his obligation to return materials and tangible property set forth in paragraph (b) above, also
extends to such types of information, materials and tangible property of customers or collaborators of the company or
suppliers or consultants to the Company or other third parties who may have disclosed or entrusted the same to the Company or
to the Consultant in the course of the Company’s business. During the Term and for a period of six (6) months
thereafter, the Consultant agrees that he will not enter into an Agreement with any entity that directly competes, or intends
to compete with the Company.

 

(d)
During the Term and for a period of six (6) months thereafter, Consultant will not, directly or indirectly, (a) recruit,
solicit or induce, or attempt to recruit, solicit or induce any employee or independent Consultants of Company or its
affiliates to terminate their employment with, or otherwise cease their relationship with, Company or its affiliates; or (b)
directly or indirectly hire or retain any individual who was an employee or independent Consultant of Company during the six
(6) months prior to the end of the term of the Agreement.

 

5. Assignment
of Inventions

.

(a)
The Consultant will make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods,
developments, software and works of authorship, whether or not patentable or copyrightable, which are created, made,
conceived or reduced to practice by the Consultant, or under his direction or jointly with others, as a direct result of the
performance of the Services hereunder, whether or not during normal working hours or on the premises of the Company (all of
which are collectively referred to in the Agreement as “Developments”).

 

(b)
The Consultant agrees to assign and does hereby assign to the Company (or any person or entity designated by the company) all
of her right, title and interest in and to all Developments and all related patents, patent applications, certificates of
invention, applications for certificates of inventions, utility models, applications for utility models, copyrights,
copyright applications and other industrial and intellectual property rights.

 

(c)
The Consultant agrees to cooperate fully with the Company, both during and after the Term with respect to the procurement,
maintenance and enforcement of copyrights, patents, and other industrial and intellectual property rights (both in the United
States and foreign countries) relating to Developments.

 

6. Indemnification.
The Company agrees to indemnify, defend, and hold harmless the Consultant from and against any claims or suits by a third
party against the Consultant, or any liabilities of judgments based thereon, either arising from the Consultant’s
performance of the Services for the Company hereunder or arising from any Company products which result from the
Consultant’s performance of the Services hereunder; provided, however, that notwithstanding the foregoing to the
contrary, the Company’s obligation to indemnify, defend, and hold harmless the Consultant shall not extend to claims or
suits, or any liabilities or judgments based thereon, to the extent they are based on actual alleged breach of the Agreement
by the Consultant or infringement of patent rights, misappropriation of trade secrets, or breach of confidentiality by the
Consultant, or the gross negligence or willful misconduct of the Consultant; provided further, that the Company shall have
sole control over the defense of any claim or suit and that the Consultant may not settle or agree to settle any claim or
suit without the Company’s prior written consent.

 

    	 

    	 

    

 

7. Other
Agreements. The Consultant represents that he has all the necessary right, power, and authority to enter into the
Agreement, to serve as a Consultant to the Company, to grant the rights granted to the Company by him hereunder, and to
fulfill all of her obligations under, and all of the other terms of, the Agreement. The Consultant further represents that
his performance of all the terms of the Agreement and as an Consultant to the Company does not and will not breach any other
agreement of the Consultant with any other party, including, without limitation, any agreement of the Consultant to refrain
from competing, directly or indirectly, with the business of any previous employer or any other party or any agreement to
keep in confidence information, knowledge or data acquired in confidence or in trust. The Consultant will not disclose to the
Company or induce the Company to use any confidential or proprietary information or material belonging to any previous
employer or others. The Consultant will not hereafter grant anyone any rights inconsistent with the terms of the
Agreement.

 

8. Notices.
All notices required or permitted under the Agreement shall be in writing and shall be deemed effective upon personal
delivery or upon deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the
other party at the address shown beneath his signature below, or at such other address or addresses as either party shall
designate to the other in accordance with this Section 8.

 

9. Independent
Consultant. The Consultant shall perform all services under the Agreement as an “independent
Consultant” and not as an employee or agent of the Company. The Consultant may not assume or create any obligation or
responsibility, express or implied, on behalf or in the name of the Company, nor bind the Company in any manner.

 

10. Publicity.
The Company will not use the Consultant’s name in any commercial advertisement or similar material that is used to
promote or sell products, unless the Company obtains in advance the written consent of the Consultant.

 

11. Entire
Agreement. The Agreement constitutes the entire agreement between the parties with respect to, and supersedes all
prior agreements and understandings, whether written or oral, relating to, the subject matter of the Agreement.

 

12. Governing
Law. The interpretation and construction of the Agreement, to the extent the particular issue is controlled by
state law, shall be governed by and construed in accordance with the laws (but not including choice of law provisions) of the
State of California. The state and federal courts located in County of Los Angeles, California shall have exclusive
jurisdiction to adjudicate all disputes between the Parties concerning the subject matter hereof.

 

    	 

    	 

    

 

13. Attorneys
Fees. The prevailing Party in any dispute concerning the Agreement shall be entitled to recover reasonable
attorneys’ fees and costs incurred as a result of defending or prosecuting the claim, as the case may be.

 

14. Joint
Preparation. The Agreement shall be deemed for all purposes to have been prepared through the joint efforts of
the Parties hereto and shall not be construed for or against one Party or any other Party as a result of the preparation,
submittal, drafting, execution or other event of negotiation hereof.

 

15. Severability.
If any term or other provision of the Agreement is invalid, illegal or incapable of being enforced under any rule of law,
all other conditions and provisions of the Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in a materially adverse manner with
respect to either Party.

 

16. Injunctive
Relief; Specific Performance. The Parties agree that the services of Consultant are unique and as such the
Company shall be entitled to seek injunctive relief and/or specific performance, in addition to other remedies, to enforce
its rights under the Agreement.

 

17. Waiver.
No waiver of any of the provisions of the Agreement shall be deemed or shall constitute a waiver of any other provisions
hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly
provided.

 

18. Successors
and Assigns. The Agreement shall be binding upon, and inure to the benefit of, both parties and their respective
successors and assigns, including any corporation with which, or into which, the Company may be merged or which may succeed
to any part of its assets or business; provided, however, that the obligations of Consultant are personal and shall not be
assigned by him.

 

IN
WITNESS WHEREOF, the parties have executed the Agreement as of May 15, 2014.

 

	 	COMPANY
	 	 
	 	OSL HOLDINGS, INC.
	 	 
	 	By:	/s/ Robert Rothenberg
	 	Name:	Robert Rothenberg
	 	Title:	President & CEO

 

	 	CONSULTANT:
	 	 
	 	/s/ Anthony Tucci
	 	Anthony Tucci

 

    	 

    	 

    

 

Exhibit
A

 

Services:

 

 1. Physical Presence at “Koreatown” or other designated location by OSL Holdings for at least 40 hours per week.

 

 2. Training and Scheduling of all Staff

 

 3. Daily Accounting and Bookkeeping

 

4. Vendor Relations and Management

 

5. City Management Duties for all compliance paperwork

 

6. All Hiring, Management of Staff and Firing of Staff

 

7. Stocking, Purchasing and Location Upkeep

 

8. Management of Front Office, Back Office and Growing Facilities

 

9. Maintenance of all equipment and location ascetics.

 

10. Manage marketing collateral give by OSL Holdings

 

11. Handle management services payments, accounting, and lease agreements for building and equipment

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