Document:

Exhibit 4.2

 

FOURTH SUPPLEMENTAL INDENTURE 

 

FOURTH SUPPLEMENTAL INDENTURE, effective as of
June 10, 2021, by and among PETROBRAS GLOBAL FINANCE B.V., a private company incorporated with limited liability under the laws of The
Netherlands (the “Company”), having its corporate seat at Rotterdam, The Netherlands and its principal office at Weena
762, 3014 DA Rotterdam, The Netherlands, PETRÓLEO BRASILEIRO S.A. – Petrobras, a sociedade de economia mista (partially
state-owned enterprise) organized under the laws of Brazil, having its principal office at Avenida República do Chile, 65, 20035-900
Rio de Janeiro – RJ, Brazil (“Petrobras”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as
Trustee hereunder (the “Trustee”).

 

W I T N E S S E T H:

 

WHEREAS, the Company and the Trustee previously
have entered into an indenture, dated as of August 28, 2018 (the “Original Indenture”), as supplemented by this
Fourth Supplemental Indenture, dated as of June 10, 2021 (the “Fourth Supplemental Indenture”, and together with the
Original Indenture and any further supplements thereto, the “Indenture”) providing for the issuance from time to time
of debt securities of the Company to be issued in one or more series as provided in the Indenture;

 

WHEREAS, Section 9.01 of the Original
Indenture provides that, subsequent to the execution of the Original Indenture and subject to satisfaction of certain conditions, the
Company and the Trustee may enter into one or more indentures supplemental to the Original Indenture to add to, change or eliminate any
of the provisions of the Original Indenture in respect of one or more series of Securities (as defined in the Original Indenture);

 

WHEREAS, on the date hereof the Company
intends to issue pursuant to Registration Statements on Form F-3/A (File Nos. 333-229096 and 333-229096-01) (the “Registration
Statement”), dated March 1, 2019, the related Base Prospectus dated March 1, 2019 and the Prospectus Supplement dated June 2,
2021 (collectively, the “Offering Document”) and the Indenture, U.S.$ 1,500,000,000 of its 5.500% Global Notes due
2051, in the form attached hereto as Exhibit A (the “Notes”), having the terms and conditions contemplated in the Offering
Document as provided for in the Original Indenture as supplemented by this Fourth Supplemental Indenture;

 

WHEREAS, as contemplated in the Offering
Document, Petrobras and the Trustee intend, in connection with the issuance of the Notes, to enter into a guaranty, dated as of the date
hereof in the form attached as Annex D to the Original Indenture (the “Guaranty”),
to provide for an unconditional and irrevocable guaranty of the Notes by Petrobras;

 

WHEREAS, the Trustee has provided to the
Company and Petrobras Statements of Eligibility under the Trust Indenture Act of 1939, as amended, with respect to each of the Companies
which have been filed as exhibits to the Registration Statement;

 

WHEREAS, the Company and Petrobras confirm
that any and all conditions and requirements necessary to make this Fourth Supplemental Indenture a valid, binding, and legal instrument
in accordance with the terms of the Indenture have been performed and fulfilled and the execution and delivery of this Fourth Supplemental
Indenture has been in all respects duly authorized;

 

WHEREAS, pursuant to Section 9.01 of
the Original Indenture, the Trustee is authorized to execute and deliver this Fourth Supplemental Indenture; and

 

WHEREAS, the Company and Petrobras have
requested that the Trustee execute and deliver this Fourth Supplemental Indenture;

 

     

     

    

 

NOW, THEREFORE, for and in consideration
of the premises and the mutual covenants contained herein and in the Indenture and for other good and valuable consideration, the receipt
and sufficiency of which are herein acknowledged, the Company, Petrobras, and the Trustee hereby agree, for the equal and ratable benefit
of all Holders, as follows:

 

Article
1

DEFINITIONS

 

Section 1.01.     
Defined Terms. All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Original
Indenture, as supplemented and amended hereby. All definitions in the Original Indenture shall be read in a manner consistent with the
terms of this Fourth Supplemental Indenture.

 

Section 1.02.     
Additional Definitions. (a) For the benefit of the Holders of the Notes, Section 1.01 of the Original Indenture
shall be amended by adding the following new definitions:

 

“Closing Date” means June 10, 2021.

 

“Comparable Treasury Issue” means the
United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity
comparable to the Notes Par Call Date that would be utilized, at the time of selection and in accordance with customary financial practice,
in pricing new issues of corporate debt securities of a comparable maturity to the Notes Par Call Date.

 

“Comparable Treasury Price” means, with
respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding
the highest and lowest such Reference Treasury Dealer Quotation or (2) if the Independent Investment Banker obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations.

 

“Default Rate” has the meaning set forth
in Section 2.01(f) herein.

 

“Dutch Withholding Tax Act 2021” means
the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021) as published in the Official Gazette (Staatsblad) Stb. 2019,
513 of December 27, 2019 and in effect as of January 1, 2021.

 

“Independent Investment Banker” means
one of the Reference Treasury Dealers appointed by the Company.

 

“Interest Payment Date” has the meaning
set forth in Section 2.01(e) herein.

 

“Interest Period” means the period beginning
on an Interest Payment Date and ending on the day before the next Interest Payment Date, except that the first Interest Period shall be
the period beginning on the Closing Date and ending on the day before the next Interest Payment Date.

 

“Make Whole Amount” has the meaning set
forth in Section 2.01(l) herein.

 

“Notes Par Call Date” means December
10, 2050 (six months prior to the Stated Maturity of the Notes).

 

“Offering Document” shall have the meaning
set forth in the recitals to this Fourth Supplemental Indenture.

 

“Payment Account” has the meaning set
forth in Section 2.01(g) herein.

 

“Reference Treasury Dealer” means each
of BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and UBS Securities LLC, or, in each case, their respective
affiliates, which are primary United States government securities dealers and other leading primary United States government securities
dealers in New York City reasonably designated by the Company; provided, however, that if any of the foregoing shall cease to be a primary
United States government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor
another Primary Treasury Dealer.

 

“Reference Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment
Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business
Day preceding such Redemption Date.

 

“Treasury Rate” means, with respect to
any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated maturity (on a day count
basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such Redemption Date.

 

“Stated Maturity” has the meaning set
forth in Section 2.01(d) herein.

 

     

     

    

 

Article
2

TERMS OF THE NOTES

 

Section 2.01.     
General. In accordance with Section 3.01 of the Original Indenture, the following terms relating to the Notes are hereby
established:

 

(a)              
Title: The Notes shall constitute a series of Securities having the title “5.500% Global Notes due 2051”.

 

(b)              
Aggregate Amount: The aggregate principal amount of the Notes that may be authenticated and delivered under this
Fourth Supplemental Indenture shall be U.S.$  1,500,000,000. As provided in the Original Indenture, the Company may, from time to
time, without the consent of the Holders of Notes, issue Add On Notes having identical terms (including CUSIP, ISIN and other relevant
identifying characteristics as the Notes), so long as, on the date of issuance of such Add On Notes: (i) no Default or Event of Default
shall have occurred and then be continuing, or shall occur as a result of the issuance of such Add On Notes, (ii) such Add On Notes shall
rank pari passu with the Notes and shall have identical terms, conditions and benefits as the Notes and be part of the same series
as the Notes, (iii) the Company and the Trustee shall have executed and delivered a further supplemental indenture to the Indenture providing
for the issuance of such Add On Notes and reflecting such amendments to the Indenture as may be required to reflect the increase in the
aggregate principal amount of the Notes resulting from the issuance of the Add On Notes, (iv) Petrobras shall have executed and delivered
and the Trustee shall have acknowledged an amended Guaranty reflecting the increase in the aggregate principal amount of the Notes resulting
from the issuance of the Add On Notes and (v) the Trustee shall have received all such opinions and other documents as it shall have requested,
including an Opinion of Counsel stating that such Add On Notes are authorized and permitted by the Indenture and all conditions precedent
to the issuance of such Add On Notes have been complied with by the Company and Petrobras. All Add On Notes issued hereunder will, when
issued, be considered Notes for all purposes hereunder and will be subject to and take the benefit of all of the terms, conditions and
provisions of this Indenture.

 

(c)              
Ranking: The Notes (including any additional Add On Notes) shall be general senior unsecured and unsubordinated obligations
of the Company and shall at all times rank pari passu among themselves and at least equal in right of payment with all of the Company’s
other present and future unsecured and unsubordinated obligations from time to time outstanding that are not, by their terms, expressly
subordinated in right of payment to the Notes (other than obligations preferred by statute or by operation of law).

 

(d)              
Maturity: The entire outstanding principal of the Notes shall be payable in a single installment on June 10, 2051
(the “Stated Maturity”). No payments in respect of the principal of the Notes shall be paid prior to the Stated Maturity
except in the case of the occurrence of an Event of Default and acceleration of the aggregate outstanding principal amount of the Notes,
upon redemption prior to the Stated Maturity pursuant to Section 11.08 of the Original Indenture or pursuant to Section 2.01(k), Section
2.01(l) and Section 2.01(m) hereof.

 

(e)              
Interest: Interest shall accrue on the Notes at the rate of 5.500% per annum until all required amounts due in respect
of the Notes have been paid. All interest shall be paid by the Company to the Trustee and distributed by the Trustee in accordance with
this Indenture semi-annually in arrears on June 10 and December 10 of each year during which any portion of the Notes shall be Outstanding
(each, an “Interest Payment Date”), commencing on December 10, 2021, and will initially accrue from and including the
date of issuance and thereafter from the last Interest Payment Date to which interest has been paid. Interest shall be paid to the Person
in whose name a Note is registered at the close of business on the preceding Regular Record Date (which shall mean, with respect to any
payment to be made on an Interest Payment Date, the Business Day preceding the relevant Interest Payment Date). As provided in the Original
Indenture, (i) interest accrued with respect to the Notes shall be calculated based on a 360-day year of twelve 30-day months, (ii)
payment of principal and interest and other amounts on the Notes will be made at the Corporate Trust Office of the Trustee in New York
City, or such other paying agent office in the United States as the Company appoints, in the form provided for in Section 10.08 of the
Original Indenture, (iii) all such payments to the Trustee shall be made by the Company by depositing immediately available funds in U.S. Dollars
prior to 3:00 p.m., New York City Time, one Business Day prior to the relevant Interest Payment Date to the Payment Account and (iv) so
long as any of the Notes remain Outstanding, the Company shall maintain a paying agent in New York City.

 

(f)               
Default Rate: Upon the occurrence and during the continuation of an Event of Default, (i) interest on the outstanding
principal amount of the Notes shall accrue on the Notes at a rate equal to 0.5% per annum above the interest rate on the Notes at that
time (the “Default Rate”) and (ii) to the fullest extent permitted by law, interest shall accrue on the amount of any
interest, fee, Additional Amounts, or other amount payable under the Indenture and the Notes that is not paid when due, from the date
such amount was due until such amount shall be paid in full, excluding the date of such payment, at the Default Rate.

 

     

     

    

 

(g)              
Payment Account: On the Closing Date, the Trustee shall establish (and shall promptly notify the Company of the establishment
of such account, including the relevant account numbers and other relevant identifying details) and, until the Notes and all accounts
due in respect thereof have been paid in full, the Trustee shall maintain the special purpose non-interest bearing trust account established
pursuant to the Fourth Supplemental Indenture (the “Payment Account”) into which all payments required to be made by
the Company under or with respect to the Notes shall be deposited. The Company agrees that the Payment Account shall be maintained in
the name of the Trustee and under its sole dominion and control (acting on behalf of the Holders of the Notes) and used solely to make
payments of principal, interest and other amounts from time to time due and owing on, or with respect to, the Notes. No funds contained
in the Payment Account shall be used for any other purpose or in any manner not expressly provided for herein nor shall the Company or
any other Person have an interest therein or amounts on deposit therein. All amounts on deposit in the Payment Account on any Interest
Payment Date after the Trustee has paid all amounts due and owing to the holders of the Notes as of such Interest Payment Date shall be
retained in the Payment Account and used by the Trustee to pay any amounts due and owing to the Holders of the Notes on the next succeeding
Interest Payment Date.

 

(h)              
Form and Denomination: The Notes shall be issuable in whole in the registered form of one or more Global Notes (without
coupons), in minimum denominations of U.S.$ 2,000 and integral multiples of U.S.$1,000 in excess thereof, and shall be transferable in
integral multiples of U.S.$ 2,000 and integral multiples of U.S.$1,000 in excess thereof and the Depository for such Global Notes shall
be The Depository Trust Company, New York, New York.

 

(i)                
Guaranty: The Notes shall have the benefit of the Guaranty in the manner provided in Article 3 of this Fourth Supplemental
Indenture.

 

(j)                
Rating: The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical
rating organization.

 

(k)              
Optional Early Redemption at Par: The Company will have the right at its option to redeem the Notes, in whole or
in part, at any time or from time to time on or after the Notes Par Call Date, on at least 15 days’ but not more than 60 days’
notice, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the
principal amount of such Notes to the Redemption Date.

 

(l)                
Optional Early Redemption With “Make-Whole” Amount. The Company will have the right at its option to
redeem the Notes, in whole or in part, at any time or from time to time prior to the Notes Par Call Date, on at least 15 days’ but
not more than 60 days’ notice, at a Redemption Price equal to the greater of (A) 100% of the principal amount of such Notes and
(B) the sum of the present values of each remaining scheduled payment of principal and interest thereon that would be due after the Redemption
Date as if the Notes were redeemed on the Notes Par Call Date (exclusive of interest accrued to the date of redemption) discounted to
the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis
points (the “Make Whole Amount”), plus in each case accrued and unpaid interest on the principal amount of such Notes
to (but not including) the Redemption Date.

 

(m)            
Redemption Notice. A redemption notice may at the Company’s option be subject to the satisfaction of one or
more conditions precedent, and such notice may be rescinded or the applicable Redemption Date delayed in the event that any or all such
conditions shall not have been satisfied by the applicable Redemption Date. Any conditions precedent shall be described in such notice.

 

     

     

    

 

(n)              
Early Redemption for Tax Reasons. The Notes may be redeemed at the option of the Company, in whole but not in part,
at any time at a Redemption Price equal to the principal amount thereof plus accrued and unpaid interest to the Redemption Date if and
when, as a result of any change in, execution of, or amendment to, any laws or regulations or ruling promulgated thereunder of the jurisdiction
in which the Company is incorporated (or, in the case of a successor Person to the Company, of the jurisdiction in which such successor
Person is organized or any political subdivision or taxing authority thereof or therein) or the official entry or any change in the official
application or interpretation of such laws, regulations or rulings, or any change in the official application of or interpretation of,
or any execution of or amendment to, any treaty or treaties affecting taxation to which such jurisdiction or such political subdivision
or taxing authority (or such other jurisdiction or political subdivision or taxing authority) is a party, which change, execution or amendment
becomes effective on or after the date hereof (or in the case of a successor Person to the Company, the date on which such successor Person
became such pursuant to Section 8.01 and 8.02 of the Original Indenture), the Company would be required to pay Additional Amounts pursuant
to Section 10.10 of the Original Indenture. For purposes of Section 11.08 of the Original Indenture, the reincorporation of the Company
shall be treated as the adoption of a successor entity, provided, however, that redemption under Section 11.08 of the Original Indenture
shall not be available if the reincorporation was performed in anticipation of a change in, execution of or amendment to any laws or treaties
or the official application or interpretation of any laws or treaties of such new jurisdiction of incorporation that would result in an
obligation to pay Additional Amounts.

 

(o)              
Conversion: The Notes will not be convertible into, or exchangeable for, any other securities.

 

(p)              
Except as described in Sections 2.05, the Notes will be subject to the covenants provided in Article 10 of the Original
Indenture.

 

Section 2.02.      
Amendments Relating to the Appointment of Agent for Service. As it applies to the Notes, the first two sentences of Section
1.15 of the Original Indenture shall be replaced by the following:

 

“By the execution and delivery of this
Indenture, the Company hereby appoints Petrobras America Inc. as its agent upon which process may be served in any legal action or proceeding
which may be instituted in any state or Federal court in the Borough of Manhattan, The City of New York, State of New York, arising out
of or relating to the Securities or this Indenture, but for that purpose only. Service of process upon such agent at the office of Petrobras
America Inc. at 10350 Richmond Ave., Suite 1400, Houston, TX 77042, and written notice of said service to the Company by the Person servicing
the same addressed as provided by Section 1.05, shall be deemed in every respect effective service of process upon the Company in any
such legal action or proceeding.”

 

Section 2.03.      
Amendments Relating to Execution and Authentication. As it applies to the Notes, the last paragraph of Section 3.03 of the
Original Indenture shall be replaced by the following:

 

“No Security shall be entitled to any
benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication
substantially in the form provided for herein executed by the Trustee by manual or electronic signature, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder.
Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.09, for all purposes of
this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder
and shall never be entitled to the benefits of this Indenture.”

 

Section 2.04.      
Amendments Relating to Additional Amounts. As it applies to the Notes, Section 10.10(1) of the Original Indenture shall
be amended and replaced to include the following:

 

“the holder or any other person that
beneficially owns an interest in its Notes (a “beneficial owner”) has a connection with the taxing jurisdiction other than
merely holding the Notes or receiving principal or interest payments on the Notes (such as citizenship, nationality, residence, domicile,
or existence of a business, a permanent establishment, a dependent agent, a place of business or a place of management, present or deemed
present within the taxing jurisdiction);”

 

     

     

    

 

As it applies to the Notes, Section 10.10(3) of the Original Indenture
shall be amended and replaced to include the following:

 

“such Holder fails to comply with any
certification, identification or other reporting requirements concerning its or any beneficial owner’s nationality, residence, identity
or connection with the Taxing Jurisdiction, if (x) such compliance is required by applicable law, regulation, administrative practice
or treaty as a precondition to exemption from all or a part of the tax, levy, deduction or other governmental charge, (y) such Holder
is able to comply with such requirements without undue hardship and (z) at least 30 calendar days prior to the first payment date with
respect to which such requirements under the applicable law, regulation, administrative practice or treaty will apply, the Company has
notified all Holders that they will be required to comply with such requirements;”

 

As it applies to the Notes, Section 10.10(6) of the Original Indenture
shall be amended and replaced to include the following:

 

“where the holder any beneficial owner
would have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such holder
or beneficial owner.”

 

As it applies to the Notes, a new Section 10.10(7) shall be included
in the Original Indenture and the current Section 10.10(7) of the Original Indenture shall be amended and become Section 10.10(8) as follows:

 

“(7)        a withholding or deduction
is required to be made pursuant the Dutch Withholding Tax Act 2021; or

 

(8)       any
combination of items (1), (2), (3), (4), (5), (6) and (7) above”

 

Section 2.05.      
Amendments Relating to Covenants. As it applies to the Notes, Section 10 of the Original Indenture shall be amended to include
or replace, as applicable, the following:

 

“Section 10.03.         Maintenance of
Office or Agency.

 

So long as any Note remains Outstanding,
the Company will maintain in the United States, an office or agency where notices to and demands upon the Company in respect of this Indenture
and the Notes may be served, and the Company will not change the designation of such office without prior notice to the Trustee and designation
of a replacement office in the United States. If at any time the Company shall fail to maintain any required office or agency or shall
fail to furnish the Trustee with the address thereof, all presentations, surrenders, notices and demands may be served at the Corporate
Trust Office and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands.”

 

“Section 10.11          Negative
Pledge

 

So long as any Note remains Outstanding,
the Company will not create or permit any Lien, other than a Permitted Lien, on any of the Company’s assets to secure (a) any of
the Company’s Indebtedness or (b) the Indebtedness of any other Person, unless the Company contemporaneously creates or permits
such Lien to secure equally and ratably the Company’s obligations under the Notes and this Indenture or the Company provides such
other security for the Notes as is duly approved by a resolution of the Holders of the Notes in accordance with this Indenture. In addition,
the Company will not allow any of the Company’s Material Subsidiaries, if any, to create or permit any Lien, other than a Permitted
Lien, on any of its assets to secure (a) any of the Company’s Indebtedness, (b) any of its Material Subsidiary’s Indebtedness
or (c) the Indebtedness of any other Person, unless it contemporaneously creates or permits such Lien to secure equally and ratably the
Company’s obligations under the Notes and this Indenture or the Company provides such other security for the Notes as is duly approved
by a resolution of the Holders of the Notes in accordance with this Indenture.”

 

“Section 10.13          Use of
Proceeds

 

The Company shall use the net proceeds from
the sale of the Notes for general corporate purposes.”

 

Section 2.06.      
Application of the Article of the Indenture Regarding Defeasance and Covenant Defeasance. The provisions of Sections 14.01,
14.02 and 14.03 of the Original Indenture shall apply to the Notes.

 

     

     

    

 

Article
3

GUARANTY

 

Section 3.01.     
Execution. The Trustee is hereby authorized and directed to acknowledge the Guaranty and to perform all of its duties and
obligations thereunder.

 

Section 3.02.     
Enforcement. The Trustee shall enforce the provisions of the Guaranty against Petrobras in accordance with the terms thereof
and the terms of the Indenture, and Petrobras, by execution of this Fourth Supplemental Indenture, and by so agreeing to become a party
to the Indenture, agrees that each Holder of the Notes shall have direct rights under the Guaranty as if it were a party thereto.

 

Section 3.03.     
Petrobras hereby (i) acknowledges and agrees to be bound by the provisions of Section 1.08 of the Original Indenture and
(ii) confirms that (A) its obligations under the Guaranty shall be issued pursuant to the Indenture and (B) it intends for the Holders
of the Notes, in addition to those rights under the Guaranty as provided therein, to be entitled to the benefits of the Indenture with
respect to their rights against Petrobras under the Guaranty.

 

Section 3.04.     
Taxes; Additional Amounts. For the avoidance of doubt, the Company’s obligations to pay any indemnity with respect
to taxes, including the obligation to pay Additional Amounts pursuant to Section 10.10 of the Original Indenture, shall extend to any
payments made by Petrobras pursuant to the Guaranty.

 

Article
4

MISCELLANEOUS

 

Section 4.01.     
Effect of the Fourth Supplemental Indenture. This Fourth Supplemental Indenture supplements the Indenture and shall be a
part, and subject to all the terms, thereof. The Original Indenture, as supplemented and amended by this Fourth Supplemental Indenture,
is in all respects ratified and confirmed, and the Original Indenture and this Fourth Supplemental Indenture shall be read, taken and
construed as one and the same instrument. All provisions included in this Fourth Supplemental Indenture supersede any conflicting provisions
included in the Original Indenture unless not permitted by law. The provisions of this Fourth Supplemental Indenture are intended to apply
solely to the Notes and the Holders thereof and shall not apply to any future issuance of securities by the Company (other than any Add
On Notes as provided herein) and all references to provisions of the Original Indenture herein amended and restated or otherwise modified
shall have effect solely with respect to the Notes contemplated in this Fourth Supplemental Indenture. The Trustee accepts the trusts
created by the Original Indenture, as supplemented by this Fourth Supplemental Indenture, and agrees to perform the same upon the terms
and conditions of the Original Indenture, as supplemented by this Fourth Supplemental Indenture.

 

Section 4.02.     
Governing Law. This Fourth Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the
State of New York.

 

Section 4.03.     
Trustee Makes No Representation. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this Fourth Supplemental Indenture or for or in respect of the recitals contained herein, all of which are
made solely by the Company and Petrobras.

 

Section 4.04.     
Effect of Headings. The section headings herein are for convenience only and shall not affect the construction of this Fourth
Supplemental Indenture.

 

Section 4.05.     
Counterparts. The parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be
an original, but all of them shall represent the same agreement. Counterparts may be delivered via facsimile, electronic mail (including
any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures
and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered
shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

Section 4.06.     
Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE OR THE NOTES.

 

[SIGNATURE PAGE TO FOLLOW IMMEDIATELY]

 

     

     

    

 

 

IN WITNESS WHEREOF, the parties have caused this
Fourth Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the day and year first
above written.

 

	 	PETROBRAS GLOBAL FINANCE B.V.
	 	 
	 	By:	 /s/ Guilherme Rajime Takahashi Saraiva
	 	Name: Guilherme Rajime Takahashi Saraiva
	 	Title: Managing Director A
	 	 
	 	By:	 /s/ João Lossio Pereira dos Reis
	 	Name: João Lossio Pereira dos Reis
	 	Title: Managing Director B
	 	 
	 	PETRÓLEO BRASILEIRO S.A. – PETROBRAS
	 	 
	 	By:	 /s/ Guilherme Rajime Takahashi Saraiva
	 	Name: Guilherme Rajime Takahashi Saraiva
	 	Title: Attorney in Fact
	 	 
	 	By:	 /s/ Lucas Tavares de Mello
	 	Name: Lucas Tavares de Mello
	 	Title: Attorney in Fact
	 	 
	 	WITNESSES:
	 	 
	 	1.	    /s/ Renan Feuchard Pinto
	 	Name: Renan Feuchard Pinto
	 	 
	 	2.	    /s/ Isabela de Souza Niedzielski Machado Andréa
	 	Name: Isabela de Souza Niedzielski Machado Andréa

 

[Signature Page - Fourth
Supplemental Indenture]

 

    

     

    

 

	 	THE BANK OF NEW YORK MELLON, as Trustee
	 	 
	 	By:	 /s/ Rita Duggan
	 	Name: Rita Duggan
	 	Title: Vice President
	 	 
	 	WITNESSES:
	 	 
	 	1.	    /s/ Christine Conway
	 	Name: Christine Conway, Vice President
	 	 
	 	2.	    /s/ Quintanna L. Walker
	 	Name: Quintanna L. Walker, Vice President

 

[Signature Page - Fourth Supplemental Indenture]

 

    

     

    

 

	STATE OF NEW YORK	)	 
	 	)	ss:
	COUNTY OF NEW YORK	)	 

 

On this 9th day of June 2021, before me, a notary
public within and for said county, personally appeared Rita Duggan, to me personally known, who being duly sworn, did say that she is
a Vice President of The Bank of New York Mellon, one of the persons described in and which executed the foregoing instrument, and acknowledges
said instrument to be the free act and deed of said entity.

 

On this 9th day of June 2021, before me personally
came Christine Conway and Quintanna Walker to me personally known, who being duly sworn, did say that they signed their names to the foregoing
instrument as witnesses.

 

	[Notarial Seal]	 
	 	 
	 	/s/ Rafal Bar
	 	Notary Public
	 	COMMISSION EXPIRES

 

    

     

    

 

Form of 5.500% Global Note due 2051

 

GLOBAL NOTE

 

THIS CERTIFICATE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE ISSUER OR THE TRUSTEE FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN RESPECT THEREOF IS REGISTERED IN THE NAME OF CEDE & CO., OR IN SUCH OTHER NAME
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
SINCE THE REGISTERED HOLDER HEREOF, CEDE & CO., HAS A PROPERTY INTEREST IN THE NOTES REPRESENTED BY THIS CERTIFICATE HEREIN AND IT
IS A VIOLATION OF ITS RIGHTS FOR ANOTHER PERSON TO HOLD, TRANSFER OR DEAL WITH THIS CERTIFICATE.

 

    

     

    

 

PETROBRAS GLOBAL FINANCE B.V.

 

5.500% Global Notes due 2051

 

No. __________________

CUSIP No.: 71647NBJ7

ISIN No.: US71647NBJ72
 

	 	Principal Amount: 	U.S.$  
	 	Initial Issuance Date:	June 10, 2021

 

This Note is one of a duly authorized
issue of notes of PETROBRAS GLOBAL FINANCE B.V., a private company incorporated with limited liability under the laws of The Netherlands
(the “Issuer”), designated as its 5.500% Global Notes due 2051 (the “Notes”), issued in an initial
aggregate principal amount of U.S.$                    under the Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”),
effective as of June 10, 2021, by and among the Issuer, Petróleo Brasileiro S.A. – Petrobras, a sociedade de economia
mista (partially state-owned enterprise) organized under the laws of Brazil (“Petrobras”), and The Bank of New
York Mellon, a New York banking corporation, as Trustee (the “Trustee”), to the Indenture, dated as of August 28, 2018
(the “Original Indenture”, and as supplemented by the Fourth Supplemental Indenture and any further supplements thereto
with respect to the Notes, the “Indenture”), by and among the Issuer and the Trustee. Reference is hereby made to the
Indenture for a statement of the respective rights, limitations of interests, benefits, obligations and duties thereunder of the Issuer,
the Trustee and the Holders, and of the terms upon which the Notes are, and are to be, authenticated and delivered. All capitalized terms
used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the
Indenture.

 

The Issuer, for value received,
hereby promises to pay to Cede & Co., or its registered assigns, as nominee of The Depository Trust Company (“DTC”),
and as the Holder of record of this Note, the principal amount specified above in U.S. dollars on June 10, 2051 (or earlier as provided
for in the Indenture) upon presentation and surrender hereof, at the office or agency of the Trustee referred to below.

 

As provided for in the Indenture,
the Issuer promises to pay interest on the outstanding principal amount hereof, from June 10, 2021, semi-annually in arrears on June 10
and December 10 of each year, (each such date, an “Interest Payment Date”), commencing December 10, 2021 at a rate
equal to 5.500% per annum, and will initially accrue from the date of issuance and thereafter from the last Interest Payment Date to which
interest has been paid. Interest payable, and punctually paid or duly provided for, on this Note on any Interest Payment Date will, as
provided in the Indenture, be paid in U.S. dollars to the Person in whose name this Note (or one or more predecessor Notes) is registered
at the close of business on the Business Day preceding such interest payment.

 

    

     

    

 

Payment of the principal of
and interest on this Note will be payable by wire transfer to a U.S. dollar account maintained by the Holder of this Note as reflected
in the Note Register of the Trustee. In the event the date for any payment of the principal of or interest on any Note is not a Business
Day, then payment will be made on the next Business Day with the same force and effect as if made on the nominal date of any such date
for such payment and no additional interest will accrue on such payment as a result of such payment being made on the next succeeding
Business Day. Interest shall accrue on the Notes at the rate of 5.500% per annum until all required amounts due in respect of the Notes
have been paid. Interest accrued with respect to this Note shall be calculated based on a 360-day year of twelve 30-day months.

 

The Notes are subject to redemption
by the Issuer on the terms and conditions specified in the Indenture.

 

This Note does not purport to
summarize the Indenture, and reference is made to the Indenture for information with respect to the respective rights, limitations of
interests, benefits, obligations and duties thereunder of the Issuer, the Trustee and the Holders.

 

If an Event of Default shall
occur and be continuing, the outstanding principal amount of all the Notes may become or may be declared due and payable in the manner
and with the effect provided in the Indenture.

 

Modifications of the Indenture
may be made by the Issuer and the Trustee only to the extent and in the circumstances permitted by the Indenture.

 

The Notes shall be issued only
in fully registered form, without coupons. Notes shall be issued in the form of beneficial interests in one or more global securities
in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.

 

Prior to and at the time of
due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat
the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither
the Issuer, the Trustee nor any agent thereof shall be affected by notice to the contrary.

 

Unless the certificate of authentication
hereon has been duly executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture,
or be valid or obligatory for any purpose.

 

THIS NOTE SHALL BE CONSTRUED
IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    

     

    

 

IN WITNESS WHEREOF, the Issuer
has caused this Note to be duly executed.

 

	 	PETROBRAS GLOBAL FINANCE B.V.
	 	 
	 	By:	 
	 	Name:
	 	Title: Managing Director A
	 	 
	 	By:	 
	 	Name:
	 	Title: Managing Director B
	 	 
	 	WITNESSES:
	 	 
	 	1.	 
	 	Name:
	 	 
	 	2.	 
	 	Name:

 

    

     

    

 

CERTIFICATE OF AUTHENTICATION

 

This is one of the Notes of the series designated
therein referred to in the within mentioned Indenture.

 

Dated: June 10, 2021

 

	 	The Bank of New York Mellon,as Trustee
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

    

     

    

 

ASSIGNMENT FORM

 

For value received

 

hereby sells, assigns and transfers unto

 

(Please insert social security or

 

other identifying number of assignee)

 

(Please print or type name and address,

 

including zip code, of assignee:)

 

the within Note and does hereby irrevocably constitute and appoint
Attorney to transfer the Note on the books of the Note Registrar with full power of substitution in the premises.

 

	Date:	Your Signature:	 
	 	 	 
	 	 	(Sign exactly as your name appears on the face of this
Note)trtc_ex101.htm

EXHIBIT 10.1
  
 STOCK PURCHASE AGREEMENT
  
 This stock PURCHASE AGREEMENT (this “Agreement”) is effective as of June 9, 2021, by and between Terra Tech Corp., a Nevada corporation (the ”Purchaser”), and Sterling Harlan (“Harlan”), an individual, and Matthew Guild (“Guild”), an individual (each, a “Seller” and collectively the “Sellers”). The Purchaser and the Sellers are each referred to individually as a “Party” and collectively as the “Parties”. 
  
 RECITALS
  
 A. As of the date of this Agreement, Harlan owns 800,000 shares of the issued and outstanding common stock, par value $0.001 per share (the “Common Stock”), of Silverstreak Solutions, Inc., a California corporation (the “Company”), and Guild owns 200,000 shares of the issued and outstanding Common Stock of the Company, which represent all of the issued and outstanding Common Stock of the Company (collectively, the “Shares”). 
  
 B. Sellers desires to sell the Shares to Purchaser, and Purchaser desires to purchase the Shares from Sellers, upon the terms and conditions set forth herein.
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:
  
 AGREEMENT
  
 ARTICLE 1
PURCHASE AND SALE OF COMMON STOCK
  
 1.1 Purchase and Sale. On the terms and subject to the conditions set forth in this Agreement and on the basis of the representations, warranties, covenants and agreements herein contained, Sellers hereby contribute, transfer, assign, convey and deliver to Purchaser, and Purchaser hereby receives, acquires and accepts from Sellers, in consideration of the Purchase Price (as defined in Section 1.2 below), all of Sellers’ right, title and interest in and to the Shares, free and clear of all liens, claims, interests, encumbrances, charges, claims, community property interests, pledges and other security interests, conditions, equitable interests, options, rights of first refusal, or restrictions of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership of any nature (collectively, “Encumbrances”), other than any restrictions under the Securities Act of 1933, as amended (together with all rules and regulations promulgated thereunder, the “Securities Act”) or applicable state securities laws.
  
 1.2 Purchase Price. In consideration for the Shares, Purchaser shall pay to Sellers at Closing on a pro rata basis Ten Million Dollars ($10,000,000) (the “Purchase Price”). The Purchase Price shall be payable as follows: (i) Two Million Five Hundred Thousand Dollars ($2,500,000) in cash (the “Closing Payment”), (ii) a number of shares of restricted common stock, par value $0.001 per share, of Purchaser (the “Purchaser Shares”), equal to the quotient obtained by dividing (a) $2,500,000, by (b) the Average Closing Price, (iii) a $2,500,000 unsecured promissory note (the “Six-Month Note”) from Purchaser substantially in the form of the attached Exhibit “A”, and (iv) a $2,500,000 unsecured promissory note (the “Twelve-Month Note”) from Purchaser substantially in the form of the attached Exhibit “B”. 
  
 1.3 Withholding. In the event that Purchaser is required pursuant to applicable Law to deduct or withhold amounts from any payment required to be made under this Agreement, Purchaser shall be entitled to deduct and withhold such amounts as are required to be deducted or withheld under applicable Law, provided Purchaser first provides written notice to Seller of the amount of and basis for the deduction or withholding. Such amounts that are withheld or deducted shall be treated for all purposes of this Agreement as having been paid to Sellers.
   
 	 
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 ARTICLE 2
THE CLOSING
  
 2.1 The Closing. The closing (the “Closing”) of the transactions contemplated by this Agreement, including the sale of the Shares (the “Transactions”), shall be by electronic transmission to the respective offices of legal counsel for the parties of the requisite documents, duly executed where required, delivered upon actual confirmed receipt at 12:00 P.M. Eastern Time within two (2) Business Days following satisfaction or waiver of all of the closing conditions set forth in Article 7 hereof (other than those that by their nature are to be satisfied at the Closing itself, but subject to the satisfaction or waiver of such conditions) or on such other date and/or time as is mutually agreed to in writing by Purchaser and Seller (the “Closing Date”). 
  
 2.2 Closing Deliverables. At Closing: 
  
 (a) Sellers shall deliver to Purchaser:
  
 (i) certificates evidencing the Shares duly executed in blank or accompanied by transfer powers duly executed in blank and otherwise in a form acceptable to Purchaser for transfer on the books of the Company;
  
 (ii) a certificate of an authorized officer of the Company in his or her capacity as such, dated as of the Closing Date, certifying that the conditions specified in Section 7.1(a) have been satisfied; 
  
 (iii) the Articles of Incorporation of the Company certified by the Secretary of State of the State of California and a certificate of good standing for the Company from the Secretary of State of the State of California, dated within five (5) Business Days prior to the Closing date; 
  
 (iv) resignations of all directors and officers of the Company, other than Harlan; provided that Harlan shall resign as a director and officer of the Company upon the written request of Purchaser;
  
 (v) a Consulting Agreement between Purchaser and Harlan substantially in the form of the attached Exhibit “C”, duly executed by Harlan (the “Consulting Agreement”);
  
 (vi) the Consents referred to on Section 3.5 of the Disclosure Schedules, in form and substance reasonably satisfactory to Purchaser;
  
 (vii) a duly executed assignment of lease assigning the lease for the property located at 6617 Madison Ave., Carmichael, CA 95608 to the Company in form and substance reasonably satisfactory to Purchaser; 
  
 (viii) audited financial statements of the Company for the fiscal year ended December 31, 2020, which reflect revenue of at least $11,280,000, suitable for inclusion in any statement, report, schedule, form or other document to be filed by Purchaser with the United States Securities and Exchange Commission (“SEC”) and prepared in accordance with GAAP as applied on a consistent basis during the periods involved (except in each case as described in the notes thereto);
  
 	 
	2
	

	 

     
 (ix) a duly executed Internal Revenue Service Form W-9 and a non-foreign affidavit dated as of the Closing Date, sworn under penalty of perjury and in form and substance required under the Treasury Regulations issued pursuant to Code Section 1445 stating that each Seller is not a “foreign person” as defined in Code Section 1445; and 
  
 (x) such other certificates, instruments or documents as may be reasonably necessary or appropriate to carry out the Transactions, each in form and content satisfactory to Purchaser (in its reasonable discretion).
  
 (b) Purchaser shall deliver to Sellers: 
  
 (i) the Closing Payment, by wire transfer of immediately available funds to accounts designated by Sellers; 
  
 (ii) a certificate of an authorized officer of Purchaser in his or her capacity as such, dated as of the Closing Date, certifying that the conditions specified in Section 7.1(b) have been satisfied; 
  
 (iii) the Six-Month Note and the Twelve-Month Note, each duly executed by Purchaser;
  
 (iv) the Purchaser Shares, which may be represented by one or more certificates or in book entry form, at Purchaser’s election;
  
 (v) the Consulting Agreement, duly executed by Purchaser; and 
  
 (vi) such other certificates, instruments or documents as may be reasonably necessary or appropriate to carry out the Transactions, each in form and content satisfactory to Sellers (in their reasonable discretion).
  
 2.3 Post-Closing Deliveries by the Seller.
  
 Promptly following the Closing, Sellers shall deliver to Purchaser, to the extent such documents are not at the Company’s offices or facilities:
  
 (a) originals or copies of all agreements, instruments, documents, deeds, books, records, files and other data and information within the possession of the Company pertaining to the Company (collectively, the “Records”); provided, however, that for the avoidance of doubt Sellers may retain (i) copies of any tax returns and copies of Records relating thereto, (ii) copies of all Records that Sellers are reasonably likely to need for complying with any legal requirements or contractual commitments, and (iii) copies of any Records that in the reasonable opinion of Sellers will be or could reasonably be expected to be required in connection with the performance of Sellers’ obligations hereunder.
   
 	 
	3
	

	 

     
 ARTICLE 3
REPRESENTATIONS AND WARRANTIES OF SELLERS
  
 Except as set forth in the correspondingly numbered Section of the Disclosure Schedules, Sellers jointly and severally represent and warrant to Purchaser that the statements contained in this Article 3 are true and correct as of the date hereof and as of the Closing Date. 
  
 3.1 Authority of Sellers. Each Seller has full power and authority to enter into the Transaction Documents to which such Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the Transactions. This Agreement has been duly executed and delivered by each Seller, and (assuming due authorization, execution, and delivery by Purchaser) this Agreement constitutes a legal, valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity. When each Transaction Document to which each Seller is or will be a party has been duly executed and delivered by such Seller, such Transaction Document will constitute a legal and binding obligation of such Seller enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity. 
  
 3.2 Organization and Qualification of the Company. The Company is a corporation duly organized, validly existing and in good standing under the laws of the state of California and the Company has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 3.2 of the Disclosure Schedules sets forth each jurisdiction in which the Company is licensed or qualified to do business, and the Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary.
  
 3.3 Capitalization. 
  
 (a) The authorized shares of capital stock of the Company consist only of 10,000,000 shares of Common Stock, of which 1,000,000 shares are issued and outstanding and constitute the Shares. All of the Shares have been duly authorized, are validly issued, fully paid and non-assessable, and are owned of record and beneficially by Sellers, free and clear of all Encumbrances. 
  
 (b) The Shares were issued in compliance with applicable Laws. The Shares were not issued in violation of the organizational documents of the Company or any other agreement, arrangement, or commitment to which Sellers or the Company is a party and are not subject to or in violation of any preemptive or similar rights of any Person.
  
 (c) There are no outstanding or authorized preferred stock, options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character relating to any capital stock in the Company or obligating Seller or the Company to issue or sell any shares of capital stock (including the Shares), or any other interest, in the Company. Other than the organizational documents, there are no voting trusts, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Shares.
  
 (d) The stock register of the Company accurately records: (i) name and address of each Person owning Shares and (ii) the certificate number of each certificate evidencing shares of capital stock issued by the Company, the number of shares evidenced by each such certificate, the date of issuance thereof and, in the case of cancellation, the date of cancellation.
  
 3.4 Subsidiaries. All of the Company’s Affiliates and subsidiaries (whether wholly or partially owned) are set forth on Section 3.4 of the Disclosure Schedules.
   
 	 
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 3.5 No Conflicts. The execution, delivery and performance by Sellers of the Transaction Documents, and the consummation of the Transactions, do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the Organizational Documents of the Company; (b) conflict with or result in a violation or breach of any provision of any Law or Order applicable to Sellers or the Company; (c) except as set forth on Section 3.5 of the Disclosure Schedules, require the consent, approval, notice or other action (collectively, “Consents”) by any Person under, conflict with, result in a violation or breach of, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel, any Contract to which the Company is a party or by which the Company is bound or to which any of its properties or assets are subject or any Permit affecting the properties, assets or business of the Company; or (d) result in the creation or imposition of any Encumbrance on any properties or assets of the Company. Except as set forth on Section 3.5 of the Disclosure Schedules, no Consent, Permit, Order, declaration or filing with, or notice to, any Governmental Entity is required by or with respect to Sellers or the Company in connection with the execution and delivery of the Transaction Documents and the consummation of the Transactions. 
  
 3.6 Absence of Certain Changes. Since December 31, 2020: (a) the Company has operated in all respects only in the Ordinary Course of Business; (b) the Company has not taken any action that, if taken during the period from between the date of this Agreement and the Closing Date, would constitute a breach of Section 5.1; and (c) there has not been any event, occurrence or development which has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
  
 3.7 Indebtedness. Except as set forth in Schedule 3.7 of the Disclosure Schedules, the Company has no outstanding Indebtedness, including any Indebtedness for borrowed money owing to any Affiliate of the Company. 
  
 3.8 Title to and Sufficiency of Assets. Schedule 3.8 of the Disclosure Schedules contains a list of all of the assets and personal property owned by the Company and used in operating its business. The Company has good and valid title to all assets, properties, rights and interests of the Company, whether tangible or intangible, personal or mixed and wherever located, necessary to carry on its business as it has been and is currently conducted, including, without limitation, those Permits set forth on Section 3.8 of the Disclosure Schedules. Except as otherwise set forth in Section 3.8 of the Disclosure Schedule, all such properties and assets (including leasehold interests) are free and clear of Encumbrances. 
  
 3.9 Permits. Section 3.9 of the Disclosure Schedule includes a list of all Permits issued to the Company by any Governmental Entity. Except as otherwise set forth in Section 3.9 of the Disclosure Schedule, all such Permits are in effect, no proceeding is pending or, to the Knowledge of the Sellers, threatened to modify, suspend or revoke, withdraw, terminate or otherwise limit any such Permits, and no administrative or governmental actions have been taken or, to the Knowledge of the Sellers, threatened in connection with the expiration or renewal of such Permits. Except as otherwise set forth in Section 3.9 of the Disclosure Schedule, the Company is in compliance in all material respects with such Permits.
  
 3.10 Contracts. Section 3.10 of the Disclosure Schedules includes a list of all Contracts to which the Company is a party or pursuant to which any of the Company’s assets have been pledged or are bound. All of such Contracts are valid, binding and in full force and effect with respect to the Company and, to the Knowledge of the Sellers, each counter-party thereto, and the Company has not been notified or advised by any party thereto of such party’s intention or desire to terminate any such Contract in any respect. There are no material disputes pending or threatened under any Contract. Neither the Company nor, to the Knowledge of the Sellers, any other party is in breach of any of the material terms or covenants of any Contract. Except as set forth on Schedule 3.10, immediately following the Closing, the Company will continue to be entitled to all of the benefits currently held by the Company under each Contract. The Company has made available to the Purchaser true and correct copies of each of the Contracts, including all modifications, amendments and supplements thereto and waivers thereunder, and written summaries of the terms of all oral Contracts. 
  
 	 
	5
	

	 

     
 3.11 Employment Matters. Section 3.11 of the Disclosure Schedules lists each employee and independent contractor who is employed or retained by the Company as of the date hereof (including, without limitation, employees on approved or legally mandated leaves of absence) and lists such employee’s or independent contractor’s title and annual salary, hourly wage and commission and/or bonus structure (as applicable). The Company is not a party to or bound by any agreement for the employment of any Person on the date hereof which is not terminable without liability or any payment obligation (other than payment obligations imposed by applicable law) on thirty (30) days’ or less notice. There are no bonus or severance arrangements individually or generally made available to employees or independent contractors of the Company.
  
 3.12 Insurance. Section 3.12 of the Disclosure Schedules includes a list of all of the Company’s insurance policies and bonds covering the Company and its businesses, properties, assets, product liability, directors, officers and employees (collectively, the “Insurance Policies”). The Company is not in violation or breach of or default under any of its obligations under any such Insurance Policy. The Company has not received any written notice that any Insurance Policy has been canceled or cover prejudiced or suspended. There are no material claims individually or in the aggregate by the Company pending under any of the Insurance Policies as to which coverage has been questioned, denied or disputed by the underwriters of such Insurance Policy, as applicable, in writing or in respect of which such underwriters have reserved their rights in writing.
  
 3.13 Government Investigations; Litigation. Neither Sellers nor the Company has received written notice that any investigation, audit or assessment by a Governmental Entity is currently pending involving the Company. To Seller’s Knowledge, there is no investigation, audit or assessment pending or threatened by any Governmental Entity with respect to the Company. There are no: (i) Actions pending or, to Sellers’ Knowledge, threatened (A) against the Company, or any of the assets of the Company, or (B) against or involving any officer, director, employee or stockholder of the Company (in their respective capacities as such) at law or in equity; and (ii) Orders in effect with respect to the Company or any of the assets of the Company.
  
 3.14 Real Property. The Company does not own any real property. Section 3.14 of the Disclosure Schedules lists all real property leased or subleased by the Company. Each such lease or sublease is legal, valid, binding and enforceable and is in full force and effect except where the illegality, invalidity, nonbinding nature, unenforceability or ineffectiveness would not have a Material Adverse Effect, and no event or condition exists which constitutes or, with the giving of notice or the passage of time or both, would constitute a material default by the Company as lessee under any such lease or sublease.
  
 3.15 Compliance with Laws. The Company conducts, and has conducted, its business in compliance with all applicable Laws. 
  
 3.16 Proprietary Rights. Section 3.16 of the Disclosure Schedules lists all Marks owned or licensed by the Company. The Company either (i) owns the entire right, title and interest in and to such Marks free and clear of any Encumbrances, or (ii) has the perpetual, royalty-free right to use the same. The Company has not infringed upon or misappropriated any proprietary right of another Person and no Person is interfering with, infringing upon or misappropriating any proprietary rights of the Company. No Claim has been asserted against the Company that (i) another Person has any right or interest in or to any of the Company’s Marks, trade names, trade secrets or know-how; (ii) the Company is infringing upon any Marks, trade names, trade secrets or know-how of any Person; or (iii) challenge the Company’s right to use any of its Marks, trade names, trade secrets or know-how. All Marks owned by the Company are valid and in force, and all applications to register any unregistered Marks so identified are pending, all without, to the Knowledge of the Sellers, challenge of any kind.
   
 	 
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 3.17 Financial Statements. Section 3.17 of the Disclosure Schedules contains the Company’s unaudited balance sheets and statements of operations, income and cash flows for the fiscal year ended December 31, 2020 and for the three-month period ended March 31, 2021 (collectively, the “Financial Statements”). The Financial Statements have been prepared in accordance with GAAP consistently applied and accurately and fairly present in all material respects the results of operations of the Company for the respective periods covered thereby. The Company does not have any material obligation or liability of any kind (known, which should be known, contingent or otherwise) except as set forth in the Financial Statements.
  
 3.18 Environmental Matters. The Company (i) is in compliance in all material respects with all Environmental Laws, (ii) is not liable under any Environmental Laws for any material response, removal, remediation or other costs to clean-up hazardous substances, (iii) has not received any written communication that alleges that it (x) is not, or at any time has not been, in such compliance, or (y) has caused exposure of any natural person to any hazardous substances, and (iv) has not caused any release of hazardous substances in violation of any Environmental Laws. To the Knowledge of the Sellers, neither the Company nor its predecessors have treated, stored, disposed of, arranged for or permitted the disposal of, transported, handled, or released any hazardous substance, on the real property leased by the Company in violation of any Environmental Law. 
  
 3.19 Employee Benefit Plans. All benefit and compensation plans, contracts, agreements, policies or arrangements sponsored or contributed to by the Company, including “employee benefit plans” within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and employment agreements, deferred compensation, change of control, stock option, severance and bonus plans (other than any immaterial benefit plans) (the “Benefit Plans”) in effect as of the date hereof are listed on Section 3.19 of the Disclosure Schedules. True and complete copies of all Benefit Plans have been provided or made available to Purchaser prior to the date hereof. Neither the Company nor any Affiliate maintains, or has at any time established or maintained, or has at any time been obligated to make, or made, contributions to or under any multiemployer plan (as defined in Section 3(37) and Section 4001(a)(3) of ERISA). The Company does not maintain, nor has it at any time established or maintained, nor has it at any time been obligated to make, or made, contributions to or under any plan, which provides post-retirement medical or health benefits with respect to employees of the Company.
  
 3.20 Labor Matters. The Company is not a party to or bound by any collective bargaining or any other type of labor or union agreement which covers any employees. No strike, labor suit or proceeding or labor administrative proceeding is pending or, to the Knowledge of the Sellers, threatened respecting the employees, and, to the Knowledge of the Sellers, no such matter has been threatened within the two year period prior to the date of this Agreement.
  
 3.21 Taxes. 
  
 (a) All returns, declarations, reports, information returns and statements, and other documents relating to Taxes (including amended returns, schedules and claims for refund) (“Tax Returns”) required to be filed by the Company on or before the Closing Date have been timely filed. Such Tax Returns are true, correct, and complete in all respects. All Taxes due and owing by the Company (whether or not shown on any Tax Return) have been timely paid. No extensions or waivers of statutes of limitations have been given or requested with respect to any Taxes of the Company. No claim has ever been made by an authority in a jurisdiction where the Company does not file Tax Returns that the Company is or may be subject to taxation by that jurisdiction. No federal, state, local, or non-U.S. tax audits or administrative or judicial Tax proceedings are pending or being conducted with respect to the Company. Seller has delivered to Purchaser copies of all Tax Returns and examination reports of the Company and statements of deficiencies assessed against, or agreed to by, the Company for all Tax periods ending after December 31, 2019. 
   
 	 
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 (b) Each Affiliated Group has filed all income Tax Returns that it was required to file for each taxable period during which the Company was a member of the group. Such Tax Returns are true, correct, and complete in all respects. All Taxes due and owing by any Affiliated Group (whether or not shown on any Tax Return) have been timely paid for each taxable period during which the Company was a member of the group. No Affiliated Group has extended or waived any statute of limitations for any taxable period during which the Company was a member of the group. There is no dispute or claim concerning any income Tax Liability of any Affiliated Group for any taxable period during which the Company was a member of the group either (i) claimed or raised by any authority in writing or (B) as to which Seller or the directors and officers (or employees responsible for Tax matters) of the Company has knowledge. None of the equity interests of the Company is a loss share within the meaning of Treasury Regulation Section 1.1502-36. 
  
 (c) The Company has withheld and paid all Taxes required to have been withheld and paid in connection with any amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third party.
  
 (d) The Company is not a party to or bound by any Tax allocation or sharing agreement. The Company (A) has not been a member of an “affiliated group” filing a consolidated federal income Tax Return other than a group the common parent of which was Seller and (B) has no liability for the Taxes of any Person under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local, or non-U.S. law), as a transferee or successor, by contract, or otherwise. Seller has filed a consolidated federal income Tax Return with the Company for the taxable year immediately preceding the current taxable year and is eligible to make a Code Section 338(h)(10) election. 
  
 (e) The Company will not be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (i) change in method of accounting for a taxable period ending on or prior to the Closing Date; (ii) use of an improper method of accounting for a taxable period ending on or prior to the Closing Date; (iii) closing agreement’’ as described in Code Section 7121 (or any corresponding or similar provision of state, local, or non-U.S. income Tax law) executed on or prior to the Closing Date; (iv) intercompany transaction or excess loss account described in Treasury Regulations under Code Section 1502 (or any corresponding or similar provision of state, local, or non-U.S. income Tax law); (v) installment sale or open transaction disposition made on or prior to the Closing Date; or (vi) prepaid amount received on or prior to the Closing Date.
  
 (f) The Company has not distributed stock of another Person, or had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code Section 355 or Code Section 361.
  
 (g) The Company is not and has not been a party to any ‘‘reportable transaction,’’ as defined in Code Section 6707A(c)(1) and Treasury Regulation Section 1.6011-4(b). There are no liens for Taxes (other than for current Taxes not yet due and payable) upon the assets of the Company.
  
 (h) Neither Seller is a “foreign person” as that term is used in Treasury Regulations Section 1.1445-2. The Company is not, nor has it been, a United States real property holding corporation (as defined in Section 897(c)(2) of the Code) during the applicable period specified in Section 897(c)(1)(a) of the Code.
   
 	 
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 3.22 Broker’s Fees. Except as otherwise set forth in Section 3.22 of the Disclosure Schedule, no broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission payable by or on behalf of the Company in connection with the Transactions. 
  
 3.23 Sellers Representations. Each Seller is acquiring the Purchaser Shares for its own account and not with a view to or for distributing or reselling such Purchaser Shares or any part thereof in violation of Securities Act or any applicable state securities law, has no present intention of distributing any of such Purchaser Shares in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other Persons to distribute or regarding the distribution of such Purchaser Shares in violation of the Securities Act or any applicable state securities law. Each Seller is an “accredited investor” as that term is defined in Regulation D promulgated under the Securities Act. Each Seller understands that its investment in the Purchaser Shares involves a high degree of risk. Each Seller (i) is able to bear the economic risk of an investment in the Purchaser Shares including a total loss thereof, (ii) has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the proposed investment in the Purchaser Shares and (iii) has had an opportunity to ask questions of and receive answers from the officers of the Purchaser concerning the financial condition and business of the Purchaser and other matters related to an investment in the Purchaser Shares. Each Seller has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to its acquisition of the Purchaser Shares. Each Seller understands that (i) the Purchaser Shares may not be offered for sale, sold, assigned or transferred unless (A) registered pursuant to the Securities Act or (B) an exemption exists permitting such Purchaser Shares to be sold, assigned or transferred without such registration; (ii) any sale of the Purchaser Shares made in reliance on Rule 144 under the Securities Act may be made only in accordance with the terms of Rule 144 under the Securities Act and further, if Rule 144 under the Securities Act is not applicable, any resale of the Purchaser Shares under circumstances in which the Seller (or the Person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the SEC thereunder. 
  
 ARTICLE 4
REPRESENTATIONS AND WARRANTIES OF PURCHASER
  
 4.1 Organization and Qualification of the Purchaser. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the state of Nevada and the Purchaser has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 4.1 of the Disclosure Schedules sets forth each jurisdiction in which the Purchaser is licensed or qualified to do business, and the Purchaser is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary. 
  
 4.2 Authority of Purchaser. Purchaser has full power and authority to enter into the Transaction Documents to which it is a party, to carry out its obligations hereunder and thereunder and to consummate the Transactions. This Agreement has been duly authorized, executed and delivered by Purchaser, and (assuming due authorization, execution, and delivery by Sellers) this Agreement constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity. When each Transaction Document to which Purchaser is or will be a party has been duly executed and delivered by Purchaser, such Transaction Document will constitute a legal and binding obligation of Purchaser enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity.
   
 	 
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 4.3 No Conflicts. The execution, delivery and performance by Purchaser of this Agreement and any Transaction Document to which it is a party, and the consummation of the Transactions and thereby, do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the Organizational Documents of Purchaser; (b) conflict with or result in a violation or breach of any provision of any Law or Order applicable to Purchaser; or (c) require the consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel any Contract to which Purchaser is a party or by which Purchaser is bound or to which any of their respective properties and assets are subject or any Permit affecting the properties, assets or business of the Company. No consent, approval, Permit, Order, declaration or filing with, or notice to, any Governmental Entity is required by or with respect to Purchaser in connection with the execution and delivery of the Transaction Documents and the consummation of the Transactions. 
  
 4.4 Litigation. Purchaser has not received written notice that any investigation, audit or assessment by a Governmental Entity is currently pending involving the Transactions. To Purchaser’s Knowledge, there is no investigation, audit or assessment pending or threatened by any Governmental Entity with respect to Purchaser involving the Transactions. 
  
 4.5 Broker’s Fees. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission payable by or on behalf of the Purchaser in connection with the Transactions.
  
 ARTICLE 5
COVENANTS
  
 5.1 Conduct of the Business. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, except (a) as set forth in Section 5.1 of the Disclosure Schedules, (b) if Purchaser shall have consented in writing or (c) as otherwise contemplated by this Agreement, (i) the Company shall conduct its business in the Ordinary Course of Business and (ii) the Company shall not:
  
 (a) effect any recapitalization, reclassification, equity split, combination or like change in its capitalization;
  
 (b) amend its Organizational Documents;
  
 (c) redeem, purchase, transfer (other than as provided in this Agreement) or issue any of its capital stock;
  
 (d) sell, assign or transfer any portion of its tangible assets;
  
 (e) enter into (including extensions, other than automatic renewals, at the end of a term), transfer, terminate, amend or modify any material Contract or waive any material rights, or discharge any other party of any material obligation, under any Contract;
  
 (f) make any material capital expenditures or commitments therefor;
   
 	 
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 (g) enter into any agreement with any of its managers, officers and employees outside the Ordinary Course of Business except pursuant to the existing terms of any agreement set forth on the Disclosure Schedules;
  
 (h) settle or compromise any Action;
  
 (i) incur any Indebtedness, issue any debt securities or assume, grant, guarantee or endorse, or otherwise as an accommodation become responsible for, the obligations of any Person;
  
 (j) create or incur any Lien on any asset of the Company;
  
 (k) make any loan, advance or capital contribution to or investment in any Person;
  
 (l) acquire or dispose of any real property or any direct interest in any real property;
  
 (m) merge or consolidate with any other Person or effect any business combination, recapitalization or similar transaction (other than the Transactions);
  
 (n) make any change to its financial accounting methods, policies or practices or practices with respect to the maintenance of books of account and records, except as required by GAAP or applicable Law;
  
 (o) make, change or revoke any material Tax election, adopt or change any material Tax accounting method, file any amended Tax Return, settle any claim or assessment in respect of Taxes, consent to any extension or waiver of the limitation period applicable to any claim or assessment in respect of Taxes, enter into any “closing agreement” within the meaning of Section 7121 of the Code (or any similar provision of state, local or non-U.S. Law), apply for or request any Tax ruling, or surrender any right to claim a refund, offset or other reduction in Tax liability;
  
 (p) fail to pay or satisfy any account payable or other liability;
  
 (q) forgive, cancel or compromise any debt or claim, or waive, release or assign any right or claim of value;
  
 (r) make any changes in the management of working capital;
  
 (s) adopt or enter into a plan or agreement of complete or partial liquidation or dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of the Company (other than the Transactions); or
  
 (t) authorize any of, or agree or commit to do any of the foregoing actions.
  
 5.2 Access to Books and Records. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, Sellers shall provide Purchaser and its authorized representatives (the “Purchaser Representatives”) with reasonable electronic access during normal business hours, and upon notice, to the offices, properties, senior personnel, and all financial books and records of the Company that Purchaser may reasonably request in connection with the consummation of the Transactions. Notwithstanding anything herein to the contrary, no such access or examination shall be permitted to the extent that it would violate any applicable Law and no such disclosure of any information shall be required under this Section 5.2 where such disclosure would be reasonably expected to cause the waiver of any attorney-client privilege of Sellers or the Company, provided that Sellers shall inform Purchaser as to the general nature of the information being withheld and shall use its reasonable efforts to disclose such information in a way that would not cause the waiver of such privilege. Notwithstanding anything contained herein to the contrary, no access or examination provided pursuant to this Section 5.2 shall qualify or limit any representation or warranty set forth herein or the conditions to Closing set forth in Article 7. 
   
 	 
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 5.3 Efforts to Consummate. 
  
 (a) Subject to the terms and conditions herein provided, from the date hereof until the earlier of the termination of this Agreement and the Closing Date, Purchaser and Sellers shall, and Sellers shall cause the Company to, use their reasonable best efforts to take, or cause to be taken, all action and to do, or cause to be done, all things reasonably necessary, proper or advisable to consummate and make effective as promptly as practicable the Transactions (including the satisfaction, but not a waiver, of the closing conditions set forth in Article 7). Without limitation of the foregoing, the Parties shall use their reasonable best efforts to obtain all required consents, authorizations, orders and approvals from any Governmental Entities required for the consummation of the Transactions, including without limitation any filings necessary to effectuate the Company’s status as a California General Stock Corporation. The Parties acknowledge and agree that nothing contained in this Section 5.3 shall limit, expand or otherwise modify in any way any efforts standard explicitly applicable to any of Seller’s or the Company’s obligations under this Agreement. 
  
 (b) After Closing, Sellers and Purchaser will take all actions, execute and deliver all documents and do all other acts and things as the other may reasonably request to carry out and document the intent of this Agreement and any other Transaction Documents, including (without limiting the foregoing) in the event any Governmental Entity requires Purchaser to deliver audited financial statements, Sellers shall, and shall cause the Company to, take all actions, execute and deliver all documents and do all other acts and things required to assist the Purchaser in the preparation and delivery of such audited financial statements at Purchaser’s sole cost and expense.
  
 5.4 Non-Compete. For a period of twenty-four (24) months following the Closing Date (the “Restricted Period”), Harlan shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the current business or any business then engaged in by the Purchaser or any of its Affiliates within the states of California and Oregon (the “Business”) for his own benefit or for the benefit of any Person other than the Purchaser or its Affiliates; or (ii) have any interest as owner, sole proprietor, shareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Business; provided, however, that Harlan may hold, directly or indirectly, solely as an investment, not more than one percent (1%) of the outstanding securities of any Person which are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such Person is engaged in a business competitive with the Business.
  
 5.5 Continuing Employees. Purchaser shall cause the Company to continue the employment of the Company’s employees identified on Schedule 5.5 of the Disclosure Schedule on substantially the same terms and conditions of employment as of the Closing Date for a period of no less than six (6) months following the Closing Date (“Continuing Employees”). Notwithstanding the foregoing, the Company shall be permitted to terminate the employment of any Holdover Employee for gross negligence or willful misconduct.
   
 	 
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 ARTICLE 6
TAX MATTERS
  
 6.1 Tax Covenants. 
  
 (a) Without the prior written consent of Purchaser, Seller shall not, to the extent it may affect or relate to the Company: (i) make, change, or rescind any Tax election: (ii) amend any Tax Return; or (iii) take any position on any Tax Return, take any action, omit to take any action, or enter into any other transaction that would have the effect of increasing the Tax liability or reducing any Tax asset of Purchaser or the Company in respect of any taxable period that begins after the Closing Date or, in respect of any taxable period that begins on or before and ends after the Closing Date (each such period, a “Straddle Period”), the portion of such Straddle Period beginning after the Closing Date.
  
 (b) All transfer, documentary, excise, sales, use, stamp, duty, recording, property, registration, value added, and other such Taxes and fees (including any penalties, interest and additions to Tax) incurred in connection with this Agreement and the other Transaction Documents (the “Transfer Taxes”) shall be borne and paid by Seller when due. Seller shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Purchaser shall cooperate with respect thereto as necessary).
  
 (c) Seller shall include the income of the Company (including any deferred items triggered into income by Treasury Regulation Section 1.1502-13 and any excess loss account taken into income under Treasury Regulation Section 1.1502-19) on Seller’s consolidated federal income Tax Returns for all periods through the Closing Date and pay any federal income Taxes attributable to such income. For all taxable periods ending on or before the Closing Date, Seller shall cause the Company to join in Seller’s consolidated federal income tax return (and state and local income tax returns, if permitted). All such Tax Returns shall be timely prepared and filed in a manner consistent with past practice (unless otherwise required by Law). 
  
 (d) With respect to (i) Tax Returns for any taxable period or portion thereof ending on or before the Closing Date and (ii) all Straddle Period Tax Returns, in each case that are not described in Section 6.1(c) above (including Tax Returns for jurisdictions requiring separate reporting from Seller), Purchaser shall prepare, or cause to be prepared, all such Tax Returns in a manner consistent with past practice (unless otherwise required by Law). Purchaser shall provide any such Tax Return to Seller for its review and comment no less than thirty (30) days prior to the due date for filing such Tax Return (including extensions). Purchaser shall make such revisions to such Tax Returns as are reasonably requested by Seller.
  
 (e) Seller shall not elect to retain any net operating loss carryovers or capital loss carryovers of the Company. To the extent that any Affiliated Group recognizes a loss on the sale of the Company as a result of any transaction contemplated herein, Seller will take action as necessary to ensure that no Tax attributes of the Company are reduced by reason of Treasury Regulation Section 1.1502-36 or any similar provision of state, local or foreign law. To the extent permitted by law, the Company shall elect to carry forward any Tax attribute (including without limitation any net operating loss, charitable contribution, or other item) arising after the Closing Date that could otherwise be carried back into a Pre-Closing Period in which the Company was included in a consolidated return of an Affiliated Group. To the extent such carrybacks are required by law, Seller shall pay to Purchaser the amount of any refund, credit, or reduction in Tax realized by an Affiliated Group as a result of such carryback, except to the extent that such Affiliated Group would have received such refund, credit, or reduction in tax in the absence of such carryback.
  
 6.2 Tax Indemnification. From and after the Closing, the Purchaser Indemnified Persons shall be entitled to indemnification for, without duplication, all Losses attributable to: 
  
 (a) (i) any Taxes imposed on or payable by or with respect to the Company for any Pre-Closing Period or Straddle Period (to the extent allocable to the Pre-Closing Period pursuant to Section 6.3); (ii) any Taxes of the Seller or its Affiliates for any period (whether before or after the Closing Date); (iii) Transfer Taxes; and (iv) any Taxes of any member of an affiliated, consolidated, combined or unitary group of which the Company is or was a member on or prior to the Closing Date, including pursuant to Treasury Regulations Section 1.1502-6 or any analogous or similar state, local or foreign law or regulation;
   
 	 
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 (b) any Taxes resulting from the failure of any of the representations or warranties made by the Company or the Seller in this Agreement to be true and correct on the date hereof and at and as of the Closing Date (except those representations and warranties that address matters only as of a particular date, which need only be true and correct as of such date); 
  
 (c) any Taxes resulting from any breach by the Company of any of its covenants or agreements contained herein which are to be performed by the Company on or before the Closing Date, and any breach by the Seller of any of its covenants or agreements contained herein; and
  
 (d) reasonable legal fees and expenses, attributable to any item in clauses (a) - (c) of this Section 6.2. 
  
 6.3 Straddle Period. In the case of Taxes that are payable with respect to a Straddle Period, the portion of any such Taxes that are allocated any Pre-Closing Period for purposes of this Agreement shall be: (a) in the case of Taxes (i) based upon, or related to, income, receipts, payroll, profits, wages, capital, or net worth, (ii) imposed in connection with the sale, transfer, or assignment of property, or (iii) required to be withheld, the amount of Taxes which would be payable if the taxable year ended with the Closing Date; and (b) in the case of other Taxes, the amount of such Taxes for the entire period multiplied by a fraction, the numerator of which is the number of days in the portion of the period ending on the Closing Date and the denominator of which is the number of days in the entire period.
  
 6.4 Termination of Tax Sharing. Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date none of the Company, Purchaser, Seller nor any of their respective Affiliates and Representatives shall have any further rights or liabilities thereunder.
  
 6.5 Tax Proceedings.
   
 (a) If any Governmental Entity asserts a Tax Proceeding, then the party first receiving notice of such Tax Proceeding promptly shall provide written notice thereof to the other party or parties hereto; provided, however, that the failure to so notify shall not relieve the party from whom indemnification is being sought of its obligations hereunder, except to the extent that the party from whom indemnification is being sought is materially prejudiced by such failure. Such notice shall include a copy of the relevant portion of any correspondence received from the Governmental Entity.
  
 (b) Seller shall, subject to Section 6.5(d), have the right to control, at Seller’s expense, any Tax Proceeding in respect of the Company, or in respect of Seller to the extent such Tax Proceeding relates to the Company, for any Pre-Closing Period; provided, however, that (i) Seller shall provide Purchaser with a timely and reasonably detailed account of each phase of such Tax Proceedings, (ii) Seller shall consult with Purchaser before taking any significant action in connection with such Tax Proceedings, (iii) Seller shall consult with Purchaser and offer Purchaser an opportunity to comment before submitting any written materials prepared or furnished in connection with such Tax Proceedings, (iv) Purchaser shall be entitled to participate, at its sole expense, in such Tax Proceedings and receive copies of any written materials relating to such Tax Proceedings received from the relevant Governmental Entity, and (v) Seller shall not settle, compromise or abandon any such Tax Proceedings without obtaining the prior written consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed.
   
 	 
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 (c) Purchaser shall have the exclusive right to control any Tax Proceedings in respect of Taxes of the Company for any Straddle Period of the Company; provided, however, that with respect to any such Tax Proceeding which could reasonably be expected to result in a Tax for which Seller is liable under Section 6.2: (i) Purchaser shall provide Seller with a timely and reasonably detailed account of each phase of such Tax Proceedings, (ii) Purchaser shall consult with Seller before taking any significant action in connection with such Tax Proceedings, (iii) Purchaser shall consult with Seller and offer Seller an opportunity to comment before submitting any written materials prepared or furnished in connection with such Tax Proceedings, (iv) Seller shall, at its sole expense, be entitled to participate in such Tax Proceedings and receive copies of any written materials relating to such Tax Proceedings received from the relevant Governmental Entity, and (v) Purchaser shall not settle, compromise or abandon any such Tax Proceedings without obtaining the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed.
  
 (d) Notwithstanding anything in this Agreement to the contrary, Purchaser shall have the exclusive right to control (i) any Tax Proceedings in respect of the Company not described in Section 6.5(b) or 6.5(c), and (ii) any Tax Proceedings in respect of the Company described in Section 6.5(b) if Seller fails to diligently defend such Tax Proceedings.
  
 6.6 Tax Cooperation. Seller, Purchaser, the Company, their respective Affiliates and their directors, officers, employees, shareholders, agents, representatives, successors and assigns shall reasonably cooperate with each other in connection with (a) the preparation and filing of any U.S. federal, state, local or foreign Tax Returns that include the business and operations of the Company and (b) any Tax Proceeding. Such cooperation shall include the furnishing or making available of employees on a mutually convenient basis and records, books of account or other materials of or relating to the Company necessary or helpful for the preparation of such Tax Returns or the defense against assertions of any Governmental Entity.
  
 6.7 Coordination; Survival. Claims for indemnification with respect to Taxes, and the procedures with respect thereto, shall be governed exclusively by this Article 6 and, except with respect to Sections 9.1 and 9.4, the provisions of Article 9 shall not apply.
  
 6.8 Tax Treatment of Indemnity Payments. The parties hereto agree to treat any payment made pursuant to Section 6.2 or Article 9 as an adjustment to the Purchase Price for all Tax purposes, except to the extent otherwise required by applicable Law.
  
 ARTICLE 7
CLOSING CONDITIONS
  
 7.1 Conditions to the Obligations of Purchaser. The obligation of Purchaser to consummate the Transactions is subject to the fulfillment on or prior the Closing Date of the following conditions:
  
 (a) each of the representations and warranties of Sellers contained in Article 3 hereof shall be true and correct in all material respects as of the Closing Date with the same effect as though made at and as of such date (except for (i) Fundamental Representations, which shall be true and correct in all respects, (ii) those representations and warranties that are qualified by materiality, which shall be true and correct in all respects and (iii) those representations and warranties that address matters only as of a specified date, which shall be true and correct in all respects as of that specified date);
  
 (b) Sellers shall have performed and complied with in all material respects each of the covenants and agreements required to be performed by it under this Agreement at or prior to the Closing;
   
 	 
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 (c) Sellers shall have delivered to Purchaser the items set forth in Section 2.2(a);
  
 (d) the Company shall have received all required consents, authorizations, orders and approvals from any Governmental Entities required for the consummation of the Transactions; 
  
 (e) no Law shall have been enacted which would make consummation of the Transactions illegal, nor any judgment, decree or Order shall have been entered which would prevent the performance of this Agreement or the consummation of any of the Transactions, declare unlawful the Transactions or cause such transactions to be rescinded; and
  
 (f) there shall not have been a Material Adverse Effect since the date hereof. 
  
 7.2 Conditions to the Obligations of Sellers. The obligation of Sellers to consummate the Transactions is subject to the fulfillment on or prior the Closing Date of the following conditions: 
  
 (a) Each of the representations and warranties of Purchaser contained in Article 4 hereof shall be true and correct in all material respects as of the Closing Date with the same effect as though made at and as of such date (except for those representations and warranties that (i) are qualified by materiality, which shall be true and correct in all respects and (ii) address matters only as of a specified date, which shall be true and correct in all respects as of that specified date); 
  
 (b) Purchaser shall have performed and complied with in all material respects each of the covenants and agreements required to be performed by it under this Agreement at or prior to the Closing;
  
 (c) Purchaser shall have delivered to Sellers the items set forth in Section 2.2(b);
  
 (d) the Company shall have received all required consents, authorizations, orders and approvals from any Governmental Entities required for the consummation of the Transactions; and 
  
 (e) no Law shall have been enacted which would make consummation of the Transactions illegal, nor any judgment, decree or Order shall have been entered which would prevent the performance of this Agreement or the consummation of any of the Transactions, declare unlawful the Transactions or cause such transactions to be rescinded.
  
 ARTICLE 8
TERMINATION
  
 8.1 Termination. This Agreement may be terminated at any time prior to the Closing: 
  
 (a) by the mutual written consent of Purchaser and Sellers;
  
 (b) by Purchaser, on written notice to Sellers, in the event either Seller is in breach of any representation, warranty or covenant contained in this Agreement, and such breach (i) individually or in combination with any other such breach, would cause the conditions set forth in Section 2.2(a) not to be satisfied and (ii) is not cured within twenty (20) Business Days following delivery by Purchaser to Sellers of written notice of such breach;
  
 (c) by either Seller, on written notice to Purchaser, in the event Purchaser is in breach of any representation, warranty or covenant contained in this Agreement, and such breach (i) individually or in combination with any other such breach, would cause the conditions set forth in Section 2.2(b) not to be satisfied and (ii) is not cured within twenty (20) Business Days following delivery by such Seller to Purchaser of written notice of such breach; 
   
 	 
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 (d) by either Purchaser or the Sellers if the Transactions shall not have been consummated by December 9, 2021 (the “End Date”); provided, however, that the right to terminate this Agreement under this shall not be available to the Purchaser, on the one hand, or the Sellers, on the other hand, if such Party’s action or failure to act has been a principal cause of the failure of the Transactions to consummate on or before the End Date and such action or failure to act constitutes a breach of this Agreement; or
  
 (e) by either Purchaser or the Sellers if a court of competent jurisdiction or other Governmental Entity shall have issued a final and non-appealable order, decree or ruling, or shall have taken any other action, having the effect of permanently restraining, enjoining or otherwise prohibiting the Transactions.
  
 8.2 Effect of Termination. In the event of the termination of this Agreement as provided in Section 8.1, this Agreement shall be of no further force or effect; provided, however, that (a) this Section 9.2, Article 10 and the definitions of the defined terms in such Sections shall survive the termination of this Agreement and shall remain in full force and effect, and (b) the termination of this Agreement shall not relieve any Party of any liability for fraud or for any willful and material breach of any representation, warranty, covenant, obligation or other provision contained in this Agreement.
  
 ARTICLE 9
SURVIVAL; INDEMNIFICATION
  
 9.1 Survival. All representations, warranties, covenants, and agreements contained herein and all related rights to indemnification shall survive the Closing and shall remain in full force and effect until the date that is the first anniversary of the Closing Date. Notwithstanding the foregoing, any claims which are timely asserted in good faith with reasonable specificity (to the extent known at such time) and in writing by notice from the non-breaching party to the breaching party prior to the expiration date of the applicable survival period shall not thereafter be barred by the expiration of the relevant representation or warranty and such claims shall survive until finally resolved, except for Fundamental Representations and the representations and warranties contained in Section 3.21 (Taxes), which shall survive the Closing until the date which is sixty (60) calendar days following the expiration of all applicable statutes of limitations. 
  
 9.2 Indemnification by Sellers. Subject to the limitations on liability set forth in this Agreement, Sellers agree, jointly and severally, to save, defend, indemnify and hold harmless Purchaser, its successors and assigns, and their respective officers, directors, employees and agents (collectively, the “Seller Indemnified Persons”) from and against any and all claims, counterclaims, charges, complaints, demands, actions, causes of action, suits, remedies, rights, sums of money, costs, losses, covenants, contracts, controversies, agreements, promises, damages, obligations, liabilities and expenses (including reasonable attorneys’ fees and costs) (collectively, “Losses”), suffered or incurred by it or them, directly or indirectly, to the extent arising from, related to or as a result of (i) any untrue representation or breach of warranty by Sellers under this Agreement, (ii) the non-fulfillment of any covenant or other agreement of Sellers contained herein, (iii) any and all Losses relating to any of the foregoing or in enforcing this indemnity, or (iv) reasonable legal expenses incurred by Purchaser in connection with a potential direct claim made against Purchaser in connection with a breach of this Agreement. 
  
 9.3 Indemnification by Purchaser. Subject to the limitations on liability set forth in this Agreement, Purchaser agrees to save, defend, indemnify and hold harmless Sellers, their successors and assigns, and their respective officers, directors, employees and agents (collectively, the “Purchaser Indemnified Persons” and together with Seller Indemnified Persons, collectively, the “Indemnified Persons”) from and against any and all Losses, suffered or incurred by it or them, directly or indirectly, to the extent arising from, related to or as a result of (i) any untrue representation or breach of warranty by Purchaser under this Agreement, (ii) the non-fulfillment of any covenant or other agreement of Purchaser contained herein, (iii) any and all Losses incident to any of the foregoing or in enforcing this indemnity, or (iv) reasonable legal expenses incurred by Purchaser in connection with a potential direct claim made against Purchaser in connection with a breach of this Agreement. 
   
 	 
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 9.4 Claims. 
  
 (a) Direct Claims. Any Indemnified Person shall promptly deliver to Sellers, in the case of claims brought by a Seller Indemnified Person, and to Purchaser in the case of claims brought by a Purchaser Indemnified Person (such notified party, the “Responsible Party”), written notice (a “Claim Notice”) of any matter which such Indemnified Person has determined has given or could give rise to a right of indemnification under Section 9.2 or Section 9.3 (a “Claim”), within twenty (20) days of such determination, stating the nature of the Claim, to the extent then known by the Indemnified Person, a good-faith estimate of the Loss and method of computation thereof, to the extent then reasonably estimable, and containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed or arises; provided that the failure to so timely notify shall not relieve the Responsible Party of its obligations hereunder, except to the extent that the Responsible Party is materially prejudiced by such failure. With respect to any recovery or indemnification sought by an Indemnified Person from the Responsible Party, if the Responsible Party does not notify the Indemnified Person in writing within thirty (30) days from its receipt of the Claim Notice that the Responsible Party disputes such claim (the “Dispute Notice”), the Responsible Party shall be deemed to have accepted and agreed with such claim. If the Responsible Party has disputed a claim for indemnification under Section 9.2 or Section 9.3, the Responsible Party and the Indemnified Person shall proceed in good faith to negotiate a resolution to such dispute. If the Responsible Party and the Indemnified Person cannot resolve such dispute in thirty (30) days after delivery of the Dispute Notice, such dispute shall be resolved pursuant to the terms of Section 10.7. 
  
 (b) Third-Party Claims. If an Action by a third party (a “Third-Party Claim”) is made against any Indemnified Person, and if such Indemnified Person intends to seek indemnity with respect thereto under Section 8.2 or Section 8.3, such Indemnified Person shall promptly notify the Responsible Party of such claims in writing; provided that the failure to so notify shall not relieve the Responsible Party of its obligations hereunder, except to the extent that the Responsible Party is materially prejudiced thereby. Other than in connection with a Third-Party Claim by a Governmental Entity, the Responsible Party shall have the right to assume, within thirty (30) days after receipt of such notice, the conduct and control, through counsel reasonably acceptable to the Indemnified Person at the expense of the Responsible Party, of the settlement or defense thereof), by sending written notice thereof to the Indemnified Person, which notice shall state that Responsible Party shall indemnify the Indemnified Person for the entirety of all Losses the Indemnified Person may suffer resulting from, arising out of, relating to, in the nature of, or caused by the Third-Party Claim, and the Indemnified Person shall cooperate with it in connection therewith; provided that the Responsible Party shall permit the Indemnified Person to participate in such settlement or defense through counsel chosen by such Indemnified Person; provided, further, that the fees and expenses of such counsel shall be borne by such Indemnified Person. Notwithstanding an election to assume the defense of such Third-Party Claim, the Indemnified Person shall have the right to employ separate co-counsel and to participate in the defense as counsel of record, if applicable, in such action or proceeding (and the Parties shall jointly control the defense), and the Responsible Party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) there exists any actual or potential conflict of interest between the Indemnified Person and the Responsible Party in connection with the defense of the Third-Party Claim that would make representation by the same counsel or the counsel selected by the Responsible Party inappropriate, (ii) such Third-Party Claim seeks an injunction or other equitable relief against the Indemnified Person, (iii) such Third-Party Claim is related to or otherwise arises in connection with any criminal or regulatory enforcement Action, or (iv) the resolution of the Third-Party Claim could materially affect the operations or business of Purchaser, the Company or Purchaser’s Subsidiaries.
   
 	 
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 (c) Settlement of Third-Party Claims. So long as the Responsible Party is reasonably contesting any such Third-Party Claim in good faith, the Indemnified Person shall not pay or settle any Third-Party Claim without the prior consent of the Responsible Party, which consent shall not be unreasonably withheld. If the Responsible Party does not notify the Indemnified Person in writing within thirty (30) days after the receipt of the Indemnified Person’s notice of a Third-Party Claim of indemnity hereunder that it elects to undertake the defense thereof, the Indemnified Person shall have the right to contest, settle or compromise the Third-Party Claim but shall not thereby waive any right to indemnity therefor pursuant to this Agreement. The Responsible Party shall not, except with the consent of the Indemnified Person, enter into any settlement that (i) does not include as an unconditional term thereof the giving by the Person or Persons asserting such Third-Party Claim to all Indemnified Parties of an unconditional release from all Liability with respect to such Third-Party Claim or consent to entry of any judgment, (ii) does not involve only the payment of money damages, (iii) imposes an injunction or other equitable relief upon the Indemnified Person or (iv) includes any admission of wrongdoing or misconduct by the Indemnified Person.
  
 (d) Cooperation. Any Indemnified Person shall cooperate in all reasonable respects with the Responsible Party and its attorneys in the investigation, trial and defense of any Third-Party Claim and any appeal arising therefrom and shall furnish such records, information and testimony, and attend such conferences, discovery proceedings, hearings, trials and appeals as may be reasonably requested in connection therewith. Such cooperation shall include reasonable access during normal business hours afforded to the Responsible Party and its agents and representatives to, and reasonable retention by the Indemnified Person of, records and information which have been identified by the Responsible Party as being reasonably relevant to such Third-Party Claim, and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. The Parties shall cooperate with each other in any notifications to insurers.
  
 9.5 Limitations on Liability. 
  
 (a) In no event shall either Party be liable for any punitive, consequential, special or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity, and/or diminution of value relating to the breach or alleged breach of this Agreement. 
  
 (b) No Indemnified Person may assert any Claim (other than with respect to a Fundamental Representation) against a Responsible Party unless and until the aggregate amount of all Losses resulting from all Claims (other than with respect to a Fundamental Representation) exceed the Indemnity Basket. Once the aggregate amount of all Losses resulting from all Claims (other than with respect to a Fundamental Representation) exceed the Indemnity Basket, the Indemnified Person may, subject to Section 9.5(c), recover the entire amount of all Losses resulting from all Claims.
  
 (c) No Indemnified Person may assert any Claim (other than with respect to a Fundamental Representation) against a Responsible Party to the extent the aggregate amount of all Losses relating to all Claims (other than with respect to a Fundamental Representation) is greater than the Indemnity Cap. 
   
 	 
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 9.6 Offset. Notwithstanding any other provision of this Agreement, if an indemnity claim is payable by Sellers hereunder, at the option of Purchaser, the principal amount of the Twelve-Month Note shall be reduced by the amount of such indemnity claim. Such adjustments to the Twelve-Month Note shall be made upon demand by Purchaser submitted in writing at any time following the determination that an indemnity claim is payable by Sellers, but in each case effective as of the Closing Date. Within five (5) Business Days following such demand by Purchaser, Sellers shall cause the note to be submitted to Purchaser for cancellation. Upon Purchaser’s receipt of the note properly endorsed for cancellation, Purchaser shall issue a replacement note (if any principal balance remains) in substantially the same form as the original note being replaced, but modified to reflect any changes in the principal amount resulting from such adjustment, and thereafter all references herein to the “Twelve-Month Note” shall be deemed to refer to such replacement note. Any indemnity claims in excess of the principal amount of the Twelve-Month Note shall be immediately payable in cash. The right of offset provided in this Section shall be in addition to, and not in lieu of, any other rights or remedies that may accrue as a result of any indemnity claim pursuant to this Article IX. 
  
 9.7 Remedies Not Exclusive. No remedy conferred by any of the specific provisions of this Agreement is intended to be exclusive of any other remedy, and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity by statute or otherwise. The election of any one or more remedies shall not constitute a waiver of the right to pursue other remedies.
  
 ARTICLE 10
MISCELLANEOUS 
  
 10.1 Notices. All notices, demands and requests required or permitted to be given under the provisions of this Agreement shall be in writing and shall be deemed delivered (i) upon personal delivery if during business hours or, if not, on the next Business Day, (ii) three (3) Business Days after deposit of the same in the U.S. mail if mailed by certified mail (return receipt requested), or (iii) one (1) Business Day after deposit of the same with a nationally recognized overnight courier service if mailed for next Business Day delivery, in each case, to the addressee thereof at its address set forth below (or at such other address of such Party as such Party shall have specified in a notice to the other Party):
  
 If to Sellers:
  
 Sterling Harlan
 ________
 ________
 Email: ________
  
 Matthew Guild
 ________
 ________
 Email: ________
  
 with a copy (which shall not constitute notice) to:
  
 Law Office of Alexander Freedman
10573 W Pico Blvd, # 283
 Los Angeles, CA 90064
 Attention: Alexander Freedman, Esq. 
Email: alex@afreedmanlaw.com
  
 If to Purchaser:
  
 Terra Tech Corp.
 3242 S. Halladay St., Suite 202
 Santa Ana, CA 92705
 Attention: Francis Knuettel II
 Email: fknuettel@terratechcorp.com
   
 	 
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 10.2 Successors and Assigns; Assignment. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective heirs, legal representatives, successors and assigns of the Parties hereto; provided, that, no Party may assign any of its rights or obligations under this Agreement without the prior written consent of the other non-assigning Party. Any purported assignment in contravention of the foregoing shall be deemed null and void. 
  
 10.3 Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the Parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the judgment may be appealed.
  
 10.4 Interpretation of Agreement. This Agreement shall not be construed as if it had been prepared by Seller or Company and/or Purchaser, but rather as if both Parties had prepared the Agreement, without regard to any statute which construes drafting errors or ambiguities against the Party proposing or drafting the contract, or similar statutes, because it has been reviewed by Purchaser and Seller or Company and found to be fair and in accordance with the intentions and agreements intended to be made by the Purchaser and Seller or Company after consultation with each such Party’s legal counsel or opportunity to do so. This Agreement is fair and in accordance with their intentions and, therefore, should interpretation hereof ever be necessary, this Agreement shall be interpreted simply and fairly, and neither for nor against any Party hereto. 
  
 10.5 Forum, Venue and Choice of Law. This Agreement shall be governed in all respects by the laws of the State of California, including but not limited to the California Code of Civil Procedure, the California Uniform Commercial Code and the California Evidence Code. The Parties agree that any claim or dispute must be resolved by the Superior Court of the State of California for the County of Orange and no other. 
  
 10.6 Jurisdiction. Each Party consents to the exclusive personal and subject matter jurisdiction and venue of the Superior Court of the State of California for the County of Orange and no other court, in any action arising out of or relating to this Agreement. Each Party waives any other venue to which such Party might be entitled by domicile or otherwise. The Parties expressly waive any right to enforce or litigate this Agreement or any portion thereof in federal court on the basis of, inter alia, diversity or removal jurisdiction that might otherwise apply absent this waiver.
     
 	 
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 10.7 Dispute Resolution and Attorneys’ Fees. Notwithstanding a Party’s right to seek to injunctive or equitable relief against another Party as provided in this Agreement in the event that a dispute between the Parties should arise out of or in connection with this Agreement, the Parties agree to submit to voluntary mediation upon written demand by either Party served on the other Party. The cost of the mediator shall be split equally between the Parties and shall be paid timely and in accordance with the mediator’s terms and conditions. Mediation shall be conducted at a reputable mediator’s office (e.g. ADR Services, JAMS, Adjudicate West, etc.) within Orange County, California and shall by selected by Company submitting a list of three to five qualified mediators for Purchaser to select from. Should either Party refuse to submit to mediation upon written demand by the other Party, that Party shall waive his, her or its right to recover his, her or its attorneys’ fees not to exceed $500.00 per hour in any resulting court action regardless of whether that Party would otherwise be entitled to recovery of attorneys’ fees as the prevailing party or otherwise (including sanctions for a discovery abuse or violation, Anti-SLAPP award or otherwise). Provided that, if the Parties both elect to forego mediation, or after any unsuccessful good faith attempt(s) to mediate any dispute between the Parties, the prevailing party shall be entitled to recover attorneys’ fees not to exceed $500.00 per hour, expert fees, costs and the cost of mediation and attorneys’ fees in connection therewith, regardless of whether the dispute is resolved by court or jury trial and shall include all attorneys’ fees not to exceed $500.00 per hour and costs incurred in connection with the dispute, both prior and subsequent to commencement of legal action in court.
       
 10.8 Counterparts; Electronic Signatures. This Agreement may be executed in counter parts and may be transmitted electronically or via facsimile. Pursuant to the California Uniform Electronic Transactions Act (CAL. CIV. CODE §1633 et seq.) the Parties to this Agreement expressly acknowledge that an electronic signature (as defined by the California Uniform Electronic Transactions Act) shall have the same legal force and effect as an original “wet ink” signature and may be relied upon by the Parties as such.
  
 10.9 Representations. The Parties represent and warrant that no other person or entity has, or has had, any interest in the claims, liens, demands, obligations, or causes of action referred to in this Agreement, except as otherwise set forth herein; that the Parties have the sole rights and exclusive authority to execute this Agreement and receive the sums specified in it; and that the Parties have not sold, assigned, transferred, conveyed or otherwise disposed of any of the claims, demands, obligations or causes of action referred to in this Agreement. 
  
 10.10 Entire Agreement. This Agreement, together with the Transaction Documents, constitutes the entire understanding among the Parties with respect to the subject matter hereof. Any agreement, discussions, or negotiations among the Parties prior to the date hereof with respect to the purchase of the Shares is superseded by this Agreement. Except as expressly provided herein, nothing in this Agreement, express or implied, is intended to confer upon any party, other than the Parties hereto, any rights, remedies, obligations or liabilities under or by reason of this Agreement.
  
 10.11 Amendment; Waiver. No provision of this Agreement may be amended except in a written instrument signed by Purchaser and Seller. No provision of this Agreement may be waived except in a written instrument signed by the Party waiving the benefit to which it is otherwise entitled. No waiver of any provision, condition, or requirement of this Agreement shall be deemed to be a waiver continuing into the future or a waiver on a subsequent occasion or a waiver of any other provision, condition, or requirement of this Agreement, nor shall any delay or omission of any Party to exercise any right hereunder in any manner impair such Party’s ability to exercise such right.
  
 10.12 Expenses. Subject to Section 6.1(b) and 10.7, each Party hereto shall pay its own costs and expenses involved in carrying out the Transactions.
  
 10.13 Further Assurances. Subject to the terms and conditions of this Agreement, each of the Parties shall use all reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable, under Applicable Law and regulations or otherwise, to fulfill its obligations under this Agreement and to consummate the Transactions.
   
 	 
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 ARTICLE 11
DEFINITIONS
  
 11.1 Definitions. For purposes hereof, the following terms when used herein shall have the respective meanings set forth below:
  
 “Action” means any action, arbitration, claim, litigation, proceeding or lawsuit (whether civil, criminal or administrative) commenced, brought, conducted or heard by or before any Governmental Entity.
  
 “Affiliate” of any particular Person means any other Person directly or indirectly controlling, controlled by or under common control with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, contract or otherwise.
  
 “Affiliated Group” means (i) the “affiliated group” as defined in Code Section 1504(a) of which the Company is a member, and (ii) with respect to each state, local or foreign jurisdiction in which the Company is part of a consolidated, combined, or unitary Tax Return, the group with respect to which such Tax Return is filed
  
 “Agreement” is defined in the Preamble. 
  
 “Average Closing Price” means the volume-weighted average price of the Purchaser Shares as reported through Bloomberg for the ten (10) consecutive trading days ending on the Business Day prior to the Closing Date.
  
 “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed.
  
 “Claim” is defined in Section 9.4(a). 
  
 “Claim Notice” is defined in Section 9.4(a).
  
 “Closing” is defined in Section 2.1. 
  
 “Closing Date” is defined in Section 2.1.
  
 “Company” is defined in the Recitals. 
  
 “Contracts,” when described as being those of or applicable to any Person, shall mean any and all written contracts, agreements, commitments, franchises, understandings, arrangements, leases, licenses, registrations, mortgages, bonds, notes, guaranties or other undertakings to which such Person is a party or to which or by which such Person or the property of such Person is subject or bound, excluding any Permits.
  
 “Dispute Notice” is defined in Section 9.4(a).
  
 “Encumbrances” is defined in Section 1.1.
   
 	 
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 “Environmental Laws” means any Law that regulates the generation, storage, handling, discharge, emission, transportation, treatment or disposal of hazardous substances or to the protection of the environment, and the regulations implementing such acts and the state and local equivalent of such acts and regulations.
  
 “Fundamental Representations” means the representations and warranties of the Company set forth in Section 3.1 (Authority of Sellers), Section 3.2 (Organization and Qualification of the Company), Section 3.3 (Capitalization) and Section 3.22 (Broker’s Fees). 
  
 “GAAP” means United States generally accepted accounting principles consistently applied. 
  
 “Governmental Entity” means any supranational, federal, national, state, foreign, provincial, local or other government or any governmental, regulatory, administrative or self-regulatory authority, agency, bureau, board, commission, court, judicial or arbitral body, department, political subdivision, tribunal or other instrumentality thereof.
  
 “Indebtedness” means all obligations of a Person, including without limitation (i) indebtedness for borrowed money, including the notional amount under letters of credit, borrowings under revolving lines of credit, guaranty obligations, and all accrued but unpaid interest, indemnities, premiums, penalties, fees, expenses and other obligations related thereto, (ii) payments due to vendors or suppliers and accounts payable, (iii) payments due to credit card companies, (iv) payments due for salary or compensation for services, (v) payments due for royalties, (vi) payments due for rent, (vii) payments due for unpaid Taxes attributable to periods prior to the Closing and (viii) guarantees of obligations of the type described in clauses (i) and (vii) above of any other Person.
  
 “Indemnified Persons” is defined in Section 9.3. 
  
 “Indemnity Basket” means an amount equal to $50,000.
  
 “Indemnity Cap” means an amount equal to the Purchase Price.
  
 “Insurance Policies” is defined in Section 3.12. 
  
 “Law” means any law, statute, code, ordinance, rule, regulation, judgment, injunction, Order or decree of any Governmental Entity.
  
 “Liability” means any indebtedness, debts, claims, obligations and other liabilities of a Person, whether known, unknown, accrued, absolute, direct or indirect, contingent or otherwise, whether due or to become due, and including all costs and expense relating thereto.
  
 “Losses” is defined in Section 9.1. 
  
 “Mark” means any word, name, symbol or device used by a Person to identify its goods or services, whether or not registered, all goodwill associated therewith, and any right that may exist to obtain a registration with respect thereto from any Governmental Entity and any rights arising under any such registration. As used in this Agreement, the term “Mark” includes trademarks and service marks.
   
 	 
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 “Material Adverse Effect” means any fact, circumstance, development, event, condition, occurrence or change that (a) has, or would be reasonably expected to have, either individually or in the aggregate with all other facts, circumstances, developments, events, conditions, damages, losses, occurrences or changes, a material adverse effect on the business, properties, assets, liabilities, condition (financial or otherwise) business (as conducted as of the date hereof) or results of operation of the Company, but excluding, for purposes of this clause (a) in each case any such fact, circumstance, development, event, condition, occurrence or change resulting or arising from: (i) any change, after the date hereof, in GAAP or applicable Law or the application or interpretation thereof; (ii) any change in general economic conditions in the industries or markets in which the Company operates or affecting United States or foreign economies in general, including changes in interest or exchange rates; (iii) any national or international political or social conditions, including the engagement by the United States in hostilities, whether or not pursuant to the declaration of a national emergency, acts of war (whether declared or not declared) or terrorism, or the escalation thereof; (iv) hurricanes, earthquakes, tornadoes, floods or other natural disaster; (v) changes in financial, banking, or securities markets; except that facts, circumstances, developments, events, conditions, damages, losses, occurrences or changes set forth in the foregoing clauses (i) - (v) may be taken into account in determining whether there has been or is a Material Adverse Effect to the extent such facts, circumstances, developments, events, conditions, damages, losses, occurrences or changes have a disproportionate adverse effect on the Company relative to the other Persons in the industries and markets in which the Company operates; or (b) has, or would be reasonably expected to have, a material adverse effect on the ability of the Company to consummate the Transactions.
  
 “Order” means any settlement, stipulation, order, writ, judgment, injunction, decree, ruling, determination or award of any court or of any Governmental Entity.
  
 “Ordinary Course of Business” means in accordance with the ordinary and customary day-to-day operations of the Company consistent with its past practice with respect to the activity in question.
  
 “Organizational Documents” means the organizational documents of a non-natural Person, including, as applicable, the charter, articles or certificate of incorporation, bylaws, articles of organization or certificate of formation, limited liability company agreement, limited partnership agreement, operating agreement or similar governing documents, as amended.
  
 “Party” and “Parties” is defined in the Preamble.
  
 “Permits” means all permits, licenses, approvals, consents, notices, waivers, qualifications, filings, registrations, exemptions and authorizations by or of, or registrations with, any Governmental Entity necessary to conduct the business and own the assets of the Company as currently conducted and owned. 
  
 “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, a Governmental Entity or any department, agency or political subdivision thereof or any other organization or entity of any kind.
  
 “Pre-Closing Period” means any Tax period ending on or prior to the Closing Date.
  
 “Purchase Price” is defined in Section 1.2.
  
 “Purchaser” is defined in the Preamble. 
  
 “Purchaser Indemnified Persons” is defined in Section 9.3. 
  
 “Purchaser’s Knowledge” means, with respect to any fact, circumstance, event or other matter in question, the actual knowledge of any officer of Purchaser. 
   
 	 
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 “Purchaser Representatives” is defined in Section 5.2. 
  
 “Responsible Party” is defined in Section 9.4(a).
  
 “Securities Act” is defined in Section 1.1. 
  
 “Sellers” is defined in the Preamble. 
  
 “Seller Indemnified Persons” is defined in Section 9.1. 
  
 “Seller’s Knowledge” and “Knowledge of the Sellers” means, with respect to any fact, circumstance, event or other matter in question, the actual knowledge of Harlan or Guild. 
  
 “Shares” is defined in the Recitals.
  
 “Straddle Period” is defined in Section 6.1(a). 
  
 “Tax” or “Taxes” means (i) any and all U.S. federal, state, local, territorial and non-U.S. taxes, assessments and other governmental charges, duties, impositions, withholdings, fees, levies, imposts and liabilities relating to taxes, including taxes based upon or measured by gross receipts, income, profits, gains, capital gains, sales, use, business and occupation, license, registration, and value added, goods and services, ad valorem, capital, windfall profit, production, transfer, stamp, alternative or add-on minimum, intangibles, estimated, franchise, withholding, payroll (including social security contributions), employment, severance, recapture, employment, excise and property (real and personal) taxes, together with all interest, penalties, fines and additions imposed with respect to such amounts, (ii) any liability for the payment of any amounts of the type described in clause (i) of this section as a result of being a member of an affiliated, consolidated, combined goods and services, unitary or similar group for any period (including an arrangement for group or consortium relief or similar arrangement) and (iii) any liability for the payment of any amounts of the type described in clauses (i) and (ii) of this section as a result of any express or implied obligation to indemnify any other person or as a result of any obligations under any agreements or arrangements with any other Person with respect to such amounts and including any liability for Taxes of a predecessor or transferor or otherwise by operation of Law.
  
 “Tax Proceeding” means an audit, examination, suit, action or proceeding in respect of, relating to or attributable to Taxes or any Tax Return of the Company.
  
 “Tax Returns” is defined in Section 3.21(a). 
  
 “Third-Party Claim” is defined in Section 9.4(b). 
  
 “Transaction Documents” means this Agreement and all other agreements to be executed and delivered by a Party in connection with the consummation of the Transactions.
  
 [Remainder of page intentionally left blank; signature page follows]
   
 	 
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first above written.
  
 	 	Purchaser:	
	  
	  
	  
	
	  
	 Terra Tech Corp.
	
	 	 	 	 
		By: 	/s/ Francis Knuettel II 	
	  
	  
	 Name: Francis Knuettel II
	 
	 	 	 Title: CEO
	 
	  
	  
	  
	  

	  
	 Sellers:
	
	  
	  
	  

	  
	 By: 
	 /s/ Sterling Harlan 
	  

	  
	  
	 Name: Sterling Harlan
	  

	  
	  
	  
	  

	  
	 By: 
	 /s/ Matthew Guild 
	  

	  
	  
	 Name: Matthew Guild
	  

      
 	 
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 Disclosure Schedules
   
 	 
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 Exhibit “A”
  
 Six-Month Note
    
 	 
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 Exhibit “B”
  
 Twelve-Month Note
    
 	 
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 Exhibit “C”
  
 Consulting Agreement
   
 	 
	31

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]