Document:

Exhibit
10.11

 

  

 

National
Business Brokers, Ltd.

ASSET
PURCHASE AGREEMENT

(TRANSACTION
BROKER)

 

THIS
AGREEMENT, dated this 14th day of April 2014, is by and between, EasyLife Corp. whose address is 570
Taster Road. Elmsford, New York 10523, hereinafter referred to as “Purchaser”, Jason Dawson and Southern Colorado
Garden Supply Corp. each of whose address is 113W, 4th Street, Pueblo CO 81003 (herein referred to as “Seller”).

 

WHEREAS,
Seller desires to sell and Purchaser desires to purchase the assets of the business known as: Pueblo Hydroponies, 113 W. 4th
Street, Pueblo, CO 81003 (the “Business”).

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein, and other good and valuable consideration, the receipt of
which is hereby acknowledged. it is agreed as follows:

 

1.
SALES OF AS ETS. Owned Assets. Seller shall sell, assign, transfer, convey and deliver to Purchaser at closing free
and clear of all debts; liens; encumbrances and leases, all of the assets of the Business as a going concern, including but not
limited to all furniture, fixtures, equipment, vehicles, supplies, inventory, trade names, trademarks, service marks, leasehold
improvements, business telephone and facsimile numbers, domain names and goodwill used in the operation of the Business, to the
extent that they can be assigned by Seller (collectively the “Purchased Assets”). Exhibit A., attached hereto, identifies
the Purchased Assets. Cash, cash equivalents, and accounts receivable are excluded as part of the sale.

 

2.
PURCHASE PRICE AND TERMS. Purchaser shall pay the total purchase price of $272,000 plus inventory of approximately
$250,000.00 (the “Purchase Price”) for the Purchased Assets, which shall be paid under the following terms and conditions.

 

A.Earnest Money Deposit: Attached hereto and delivered herewith is a company check in the amount of $20,000.00, the
sum of which is to be deposited by National Business Brokers, Ltd. (“Broker”), which shall be deposited in Broker’s
escrow account. Said earnest money deposit shall be applied to the total Purchase Price at closing. Earnest money deposit shall
become nonrefundable upon Seller and Purchaser’s satisfaction of contingencies, until then it will be returned to Purchaser in
the event Purchaser so elects in the case of Seller’s default or in the event that this Agreement is rendered null and void as
a result of the failure of any condition.

 

B.Cash Down at Closing: At Closing, Purchaser shall pay the total sum of $272,000.00 phis the total value of the inventory,
less (1) $60,000 in accounts payable which obligation Purchaser shall assume; and (ii) the earnest money deposit of $20,000,
which sum shall be paid in cash or certified funds at closing, subject to adjustment as set forth below.

 

3.CLOSING
DATE. Closing shall take place on or before May 23, 2014, at the office of the Broker, 3060 N. Academy Blvd.,
Ste. 200, Colorado Springs. CO 80917 (Phone (779) 635-8133), or an alternative location selected by Broker. This Agreement
may be extended for a period up to an additional thirty (30) days if mutually agreed upon by all parties in writing.

 

 

 

     

     

    

 

4.CLOSING
COSTS. The closing costs associated with this transaction shall be payable as follows:

 

A.Professional
Fees: Purchaser and Seller shall each be responsible for paying their respective professional advisors, including attorneys
and accountants.

 

B.Broker’s
Commission: Purchaser and Seller acknowledge that National Business Brokers, Ltd. is the only party entitled to a brokerage
commission relating to the subject transaction. Said commission is payable in full at closing and is the sole responsibility of
Seller. Purchaser agrees at Closing to tender all funds representing Broker’s commission to Broker. Should Purchaser and
Seller circumvent Broker’s Commission and litigation is necessary to enforce this portion of the contract, Broker shall
be entitled to reasonable attorney fees and interest at the maximum allowable by Colorado Law on the commission due if broker
prevails.

 

C.Personal
Property Tax certificate. State and County Lien Searches. and Credit Report: The cost, estimated not to exceed 5130.00, of
obtaining the Personal Property Tax Certificate, state and county Lien Searches, a Credit Report shall be paid by Purchaser. Purchaser
hereby instructs Broker to obtain said tax Certificate, Lien Searches, and Credit Report as soon as possible after Purchaser has
removed the financial review contingency set forth below. In the event the subject transaction does not close for
any reason, the actual cost of obtaining said Tax Certificate, Lien Search, and Credit Report will be deducted from Purchaser’s
earnest money deposit.

 

5.
PROBATIONS. The following items shall be prorated or adjusted prior to or at the rinse of closing:

 

		A.	Personal
                                         Property Taxes;
	 	B.	Security
                                         Deposits;
	 	C.	Yellow
                                         Page Advertising (through notification of the telephone company);
		D.	Rents
                                         (Purchaser and Seller acknowledge that the Landlord’s accounting procedures may
                                         require an adjustment subsequent to closing for real estate taxes, insurance, maintenance,
                                         or other charges as set forth in the lease. Any such adjustment shallbe prorated between
                                         Purchaser and Seller, outside closing, within thirty (30) days after receipt of notice
                                         of such charges.);
	 	E.	Utilities
    (through notification of the utility company(s) by Purchaser subsequent to the sale).

 

6.
INVENTORY. The purchase price shall include supplies and marketable inventory, of $250,000.00 valued at Seller’s
cost plus freight-in. It the actual amount of the inventory at Closing is less than $250,000, the Purchase Price shall
be adjusted accordingly. If the actual amount of the inventory at Closing is mom than $250,000, the Purchase Price shall also
be adjusted accordingly. Prior to closing, Purchaser and Seller agree to jointly conduct an inventory for this sale. The cost
of the inventory service to count the inventory shall be split equally between Purchaser and Seller. An agent of National Business
Brokers. Ltd. may be present during the inventory, but neither the agent nor Broker shall be responsible for the quantities or
valuation of the inventory determined by the Purchaser and Seller.

 

7. ACCOUNTS
RECEIVABLE AND ACCOUNTS PAYABLE. All accounts payable with the exception of $60,000.00 in accounts payables
against inventory being assumed by Purchaser and all accounts receivable and all costs and revenues of the business incurred
or accrued prior to closing shall be the responsibility and property of Seller. All costs and revenues of the
business Incurred or accrued subsequent to Closing shall be the responsibility and property of the Purchaser. Accounts
payable other than the $60,000 noted herein and as set forth in Exhibit B are not being assumed by Purchaser, and accounts
receivable are not being assigned by Seller.

 

8.
PURCHASER’S CONTINGENCIES: This Agreement is contingent upon the following:

 

A.
Financial Records: Purchaser or Purchaser’s agents review, audit and acceptance of the Seller’s financial records and support
documentation within Thirty (30) business days of receipt of such records and documentation from Seller. Purchaser acknowledges
that Broker has not verified the accuracy of Sellers operating or financial data, and Broker makes no warranties as to the accuracy
of such information.

 

C.
Due Diligence Inspection: This Agreement shall further be contingent upon Purchaser completing to their sole satisfaction
the due diligence examination including, but not limited to, inspection of all equipment, buildings, storage facilities, the completion
of an environmental audit as necessary and appropriate, and such other due diligence activities as deemed necessary and appropriate
by Purchaser within Fourteen (14) business days of acceptance of this contract by Seller.

 

 

 

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D.
Lease: This Agreement shall further be contingent upon Purchaser’s assuming Seller’s existing leases or negotiating a new
lease between Purchaser and Landfall, under terms acceptable to Purchaser within Thirty (30) business days of acceptance
of this contract by Seller.

 

E. Consulting
Agreement: This Agreement shall further be contingent upon Purchaser’s negotiating a consulting agreement with Seller
under terms agreeable to Purchaser within Thirty (30) business days of acceptance of this
contract by Seller. Consulting agreement to outline specific duties, including help with Acquisition identification,
retail store ownership transition, development of import channels for lighting and other garden products, and & commerce
implementation.

 

9.SELLER’S
CONTINGENCIES: This Agreement is contingent upon the following:

 

A.
The Seller’s Approval of Purchaser’s Credit-Worthiness. Upon execution of this Agreement by all parties, Purchaser
agrees to furnish Seller with financial statements, credit reports or other information reasonably necessary to prove that Purchaser
has the ability to pay the funds due at Closing. Seller must approve of Purchaser’s credit-worthiness, in writing, within
Fourteen (14) business days of receipt of Purchaser’s financial data, which approval will not be unreasonably withheld.
Seller acknowledges that Seller must satisfy himself, independent of Broker, of Purchaser’s financial capabilities.

 

B.
Consulting Agreement. This Agreement shall further be contingent upon Seller and Purchaser negotiating a Consulting Agreement
under terms agreeable to Seller and Purchaser within Thirty (30) business days of acceptance of this contract by Seller.
Consulting Agreement to outline specific duties, including help with acquisition identification, retail store ownership transition,
development of import channels for lighting and other garden products, and E-commerce implementation. The performance of the Consulting
Agreement by Seller and Purchaser shall be separate from and independent of this Asset Purchase Agreement.

 

C.
Lease: This Agreement shall further be contingent upon Purchaser’s assuming Seller’s existing leases or negotiating a new lease,
between Purchaser and Landlord, under terms acceptable to Purchaser within Thirty (30) business days of acceptance of this
contract by Seller. Any such assumption or renegotiated lease shall result in no continuing liability to Seller on any lease subsequent
to closing.

 

In
the event Seller is unable to satisfy the foregoing contingencies within the specified time periods, this Agreement shall become
void unless otherwise agreed to at such time and Broker shall refund Purchaser’s earnest money deposit. Notification of a failure
to meet a contingency must be provided in writing on or prior to the time specified above and Purchaser shall upon receipt of
such notice have fifteen (IS) days to curt any deficiency detailed in such notice.

 

10.ACKNOWLEDGMENT
AND DISCLAIMER. Purchaser acknowledges that it has not relied on any financial representations from Broker, its agents,
or employees concerning the financial status of the subject business, and that Purchaser is responsible for satisfying itself
independent of the Broker, its agents, and employees as to the past, present, and future profitability of the business.

 

11.TRAINING.
Seller agrees to train Purchaser in the operation of the Business during regular business hours for a total Fourteen
(14) business days. The training is to be at no further cost to the Purchaser and may be terminated at the option of the Purchaser.

 

12.COVENANT
NOT TO COMPETE. At Closing, Seller agrees to sign a Covenant Not to Compete in a similar business as an owner,
manager, or employee, or in any other capacity within a period of Five (5) years within One Hundred and Sixty (60) miles
of current business location(s). Seller acknowledges that the Covenant Not to Compete is a material inducement to
Purchaser’s acquisition of the subject Business and the Purchased Assets. The Consulting Agreement from Purchaser to
Seller shall not be considered a violation of the Covenant Not to Compete.

 

 

 

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13.ALLOCATION
OF PURCHASE PRICE. Purchaser and Seller shall agree on the allocation of the Purchase Price prior to Closing. In the event
Purchaser and Seller cannot agree on an allocation of the Purchase Price prior to Closing, the Purchaser and Seller shall allocate
the Purchase Price outside this Agreement. Each of the Parties agrees so report the transactions contemplated in this Agreement
for federal, state and local tax purposes in accordance with the agreed upon allocation and not to file any tax return or otherwise
take a position with tax authorities that is inconsistent with such allocation.

 

14.Seller
shall be responsible for all applicable sales and use taxes prior to dosing and Purchaser shall be responsible for all applicable
sales and use taxes after dosing. 

 

15.CONFIDENTIALITY. Purchaser
and Seller shall keep confidential all information concerning the other party obtained during the negotiations relating to
the subject Agreement and the transactions contemplated hereby. For purposes of the Agreement, “confidential
information” means all information that is not generally known to the public. whether of a technical, business or other
nature (including, without limitation, trade secrets, know-how and information relating to technology, existing or potential
customers, business plans, promotional and marketing activities, finances and other business affairs of such party), that is
disclosed by one party to another party or that is otherwise learned by the receiving party in the course of its discussions
or business dealings with, or its physical or electronic access to the premises of, the other party, and that has been
identified as being proprietary and/or confidential or that by the nature of the circumstances surrounding the disclosure or
receipt ought to be treated as proprietary and confidential.

 

16.CONDITION
OF EQUIPMENT. At the time of closing, all equipment shall be in good working order, but is being sold on an “as is”
basis without warranty of merchantability or fitness for a particular purpose,

 

17.BUSINESS
RECORDS. At the Closing, Seller shall deliver to Purchaser all the existing business records that are pertinent to the
financial condition and operation of the Business. Purchaser shall grant Seller reasonable access to said records.

 

18.
SELLER WARRANTIES. The Seller and Jason Dawson hereby jointly and severally represent and warrant to Purchaser that
the statements contained in this Section 18 are true and correct as of the date of execution of this Agreement and shall be correct
as at the date of Closing, all of which are being relied upon by Purchaser.

 

A.Marketable
Title: That Seller is the sole owner of and has good and marketable title to the Business and the Purchased Assets free of
all debts, equipment leases, liens, and encumbrances. Seller has full right to convey good and marketable title to the
Purchased Assets to the Purchaser. Purchaser recognizes that there may exist purchase money or other security interests us result
of the existing payables as set forth on Exhibit B and hereby agree to accept such interests or encumbrances. 

 

B.Litigation
Disclosure: Seller has no knowledge of any litigation, proceeding, arbitration, investigation, violations, or actions pending
or threatened which might result in any material adverse change lathe business, assets, or status of the business or which
questions the validity of this Agreement. Seller has no knowledge of any grounds upon which any litigation, arbitration, proceedings,
or investigation could be based.

 

D.Retention
of Assets on Premises: The property to he transferred is now and at the time of closing will be located at Seller’s place
of business and will not be removed, except within the ordinary course of business, without the prior written consent of the Purchaser.

 

E.Conduct
of Business Prior to Closing: The business, up to the date of closing, will be conducted in essentially the
same manner as it has been conducted in the past, and in accordance with all applicable laws and regulations. Seller shall use
its best efforts to preserve the business organization intact; and shall preserve, for Purchaser, the goodwill of suppliers
and customers and others having businesses relations with it. Prior to Closing, Seller will not sell or transfer any of its properties
other than in the ordinary course of business nor subject any of its properties or assets to mortgage, pledge lien, or other encumbrance.
Seller has no knowledge of a business termination of any material customer or supplier. Seller shall cause the Business to maintain
inventory at sufficient levels to prudently continue operations and to meet customer demand. Seller shall cause the Business
to continue to maintain business and assets in the ordinary course of business as necessary to continue the effective operations
of the Business and shall cause the Business to engage in no activities other than the customary and normal activities now carried
on by the Business.

 

 

 

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F.Disclosure
of Liabilities: Seller does not know of, and does not have reasonable grounds for knowing of, any liabilities or obligations
of any nature, whether accrued, absolute, contingent, or otherwise, which relate to, or could adversely affect, the Purchased
Assets being sold, assigned, conveyed, delivered and transferred under this Agreement, except as otherwise specifically disclosed
herein.

 

G.
Status of Employees and Contracts: Seller has no written contracts with any of its employees. Seller shall be responsible
for paying, prior to Closing, all accrued employee vacation or sick pay entitlement. Seller has no employee benefit plans, and
further has no written or oral agreements or contracts with any of its officers or employees which is not terminable at will without
penalty, including, but not limited to, bonus, pensions, profit sharing, medical reimbursement, or life insurance plans, and there
have not been any such plans or agreements within the last three (3) years, and there will not be at Closing any such agreements,
nor will there be any increase in the rate of compensation payable to any employee of Seller, unless expressly agreed to in writing
by Purchaser. Nothwithstanding any other part of this paragraph G, Seller has a group health insurance plan in place for its employees
which it will cancel at closing. All employees are employed legally and not in violation of any State or Federal laws.

 

H.Taxes:
Seller has paid in full, or will arrange for the payment in full in a timely manner, all withholdings, social security,
unemployment insurance, and sales taxes due through the date of closing. As of the date of Closing, or as soon thereafter as
possible, Seller shall have filed all Federal income tax returns and all state and local tax or franchise tax returns and all
real property tax returns which are required to be filed, and shall have paid all taxes and fees applicable thereto in full..
Any audit of any such returns or any examination for compliance with Federal and/or State Wage and Hour Laws concerning
periods prior to closing shall be defended by Seller and Seller agrees to indemnify and hold Purchaser and Its success
corporation, if applicable, harmless front any resulting tax or wage liabilities resulting therefrom. To enforce any
indemnification contained herein, Purchaser shall have the right to offset against any amounts still due under continuing
obligations by Purchaser to Seller, any losses, costs, penalties, assessments, or expenses to defend, including reasonable
attorney’s fees, which am covered by such indemnification and arise out of circumstances existing prior to closing and
which are not disclosed in writing to Purchaser.

 

I.
Authority To Operate Business: Seller is entitled to own or lease its property and to carry on its business as is and in
the place where such properties are now leased or operated and the Seller’s knowledge of the location and operation of such
business is not and would not become by the present sale in violation of any statue, rule, ordinance, or regulation affecting
zoning or otherwise.

 

J.Full
Disclosures and Warranties: In addition to these disclosures as specifically listed herein, there may be other written disclosures
of material information by Seller to Purchaser which disclosure shall also be a material, part of the disclosures hereunder.
No representation or warranty by Seller in this Agreement and no statement contained in any certificate or other document furnished
or to be furnished to Purchaser pursuant to this Agreement contains any untrue statement of a material fact; or omits to state
a material fact necessary to make the statements contained therein, in light of the circumstances in which they are made, not
misleading.

 

K.Financial
Disclosures: Seller warrants and represents that all financial information provided by Seller to Purchaser in
Purchaser’s review and due diligence with respect to the Business arc accurate and correct in all material
respects.

 

L.
Effective Date of Warranties: All the warranties contained herein shall be effective as of the date herein and shall further
he effective as of the date of Closing. All warranties herein shall survive Closing.

 

 

 

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M.Unemployment
Compensation: Seller understands that its account with the State of Colorado for unemployment insurance taxes follows the
business operation and Purchasers will succeed to the experience rating of Seller. Therefore, Seller will notify Purchaser in
a timely fashion in the event it receives notice from the State that a former employee of Seller has applied for unemployment
benefits, by providing Purchaser with a copy of such notice, and allowing Purchaser to protest or Object to such claim. Further,
the principals of Seller agree not to personally apply for unemployment benefits as a result of the discontinuance of their employment.
They are voluntarily terminating such employment and receiving consideration for termination through sale of assets a covenant
not to compete.

 

N.
No Breaches: Seller has no knowledge of any breaches or claimed breaches of any contract or agreement relating to the Business
and such contracts and agreements are in full force and effect, enforceable in accordance with their terms, as limited by laws
relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

O.
Compliance with Laws: Seller has complied in all material respects with all applicable federal, state and local laws, regulations
and ordinances in the conduct of the Business. Any and all reports and returns of any nature required to be filed by or on behalf
of Seller with respect to the Business have been duly filed not later than the time prescribed by law for the filing thereof.

 

P.
No Conflicts; Consents. The execution, delivery and performance by Seller of this Agreement and the documents to be delivered
hereunder, and the consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with the
certificate of incorporation, by-laws or other organizational documents of Seller; (b) violate or conflict with any judgment,
order, decree, statute, law, ordinance, rule. or regulation applicable to Seller or the Purchased Assets; (c) conflict with, or
result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination,
acceleration or modification of any obligation or loss of any benefit under any contract or other instrument to which Seller is
a party or to which any of the Purchased Assets are subject; or (d) result in the creation or imposition of any encumbrance on
the Purchased Assets. No consent, approval, waiver or authorization is requited CO be obtained by Seller from any person or entity
(including any governmental authority) in connection with the execution, delivery and performance by Seller of this Agreement
and the consummation of the transactions contemplated hereby.

 

Q.
Organization and Authority of Seller; Enforceability. Seller is a corporation duly organized, validly existing and
in good standing under the laws of the state of Colorado. Seller has full corporate power and authority to enter into this Agreement
and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated
hereby. The execution, delivery and performance by Seller of this Agreement and the documents to be delivered hereunder and the
consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of
Seller. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Seller, and (assuming
due authorization, execution and delivery by Purchaser) this Agreement and the documents to be delivered hereunder constitute
legal, valid and binding obligations of Seller, enforceable against Seller in accordance with their respective terms.

 

R.
Purchased Assets; Inventory; Intellectual Property, The Purchased Assets and other inventories included in the Purchased
Assets consist of a quality and quantity usable and salable in the ordinary course of business. Seller is not bound by any
outstanding judgment, injunction, order or decree restricting the use of the Intellectual Property, or restricting the
licensing thereof to any person or entity.

 

19.
Purchaser’s Warranties. The Purchaser hereby represents and warrants to Seller that the statements contained in this
Section 19 are true and correct as of the date of execution of this Agreement and shall be correct as at the date of Closing,
all of which are being relied upon by Seller.

 

A.Organization
and Authority of Seller; Enforceability. Purchaser is a corporation duly organized, validly existing and in good standing under
the laws of the state of Colorado. Purchaser has full corporate power and authority to enter into this Agreement and the documents
to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. The
ex )1, delivery and performance by Purchaser of this Agreement and the documents and payments to be delivered hereunder and the
consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of
Purchaser. This Agreement and the documents to he delivered hereunder have been duly executed and delivered by Purchaser, and
(assuming due authorization, execution and delivery by Seller) this Agreement and the documents to be delivered hereunder constitute
legal, valid and binding obligations of Purchaser, enforceable against Purchaser in accordance with their respective terms.

 

 

 

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 B. No Conflicts; Consents. The execution, delivery and performance by Purchaser of this Agreement and the documents to be delivered hereunder, and the consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with the certificate of incorporation, by-laws or other organizational documents of Purchaser; (b) violate or conflict with any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to Purchaser; (e) conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration or modification of any obligation or loss of any benefit under any contract or other instrument to which Purchaser is a party. No consent, approval, waiver or authorization is required to be obtained by Purchaser from any person or entity (including any governmental authority) in connection with the execution, deli very and performance by Purchaser of’ this Agreement and the consummation of the transactions contemplated hereby.

 

 C. Collateral and Indebtedness. Neither Buyer nor any of its principals or agents have taken any steps to create a lien or security interest in any of the Purchased Assets.

 

 D. Full Disclosures and Warranties: In addition to these disclosures as specifically listed herein, there may be other written disclosures of material information by Purchaser to Seller which disclosure shall also be a material part of the disclosures hereunder. No representation or warranty by Purchaser in this Agreement and no statement contained in any certificate or other document furnished or to be furnished to Seller pursuant to this Agreement contains any untrue statement of a material fact, or omits to state a material fact necessary to make the statements contained therein, in light of the circumstances in which they are made, not misleading.

 

 E. Financial Disclosures: Purchaser warrants and represents that all financial information provided by Purchaser to Seller for Seller’s review and due diligence with respect to the Purchaser financial ability are accurate and correct in all material respects.

 

 F. Effective Date of Warranties: All the warranties contained herein shall be effective as of the date herein and shall further be effective as of the date of Closing. All warranties herein shall survive Closing.

 

20.
PREPARATION OF DOCUMENTS. All closing documents, with the exception of the settlement sheet, which will be prepared
by Broker, will be prepared by Purchaser’s attorney. In addition to any other documentation required by either Purchaser’s or
Seller’s attorneys, it is anticipated that the closing documents may include the following:

 

●       Bill
of Sale

●       Covenant
Not to Compete

●       Assignment
and/or Assumption Agreements including trade name(s)

●       the
Assignment and Assumption of Leases duly executed by Seller

●       an
assignment in form and substance satisfactory to Purchaser (the “Intellectual Property Assignments”) and duly
executed by Seller, transferring all of Seller’s right, title and interest in and to the all intellectual property included
in the Purchased Assets. “Intellectual Property” means any and all. of the following in aet n throughout
the world: (i) trademarks and service marks, including all applications and registrations and the goodwill connected with the
use of and symbolized by the foregoing; (ii) copyrights, including all applications and registrations related to the foregoing;
(iii) trade secrets and confidential know-how; (iv) patents and patent applications; (v) internet domain name registrations; and
(vi) other intellectual property and related proprietary rights, interests and protections (including all rights to sue and recover
and retain damages, costs and attorneys’ fees for past, present and future infringement and any other rights relating
to any of the foregoing

●       a certificate of the Secretary of Purchaser certifying as to (A) the resolutions of the board of directors
and shareholders of Purchaser, duly adopted and in effect, which authorize the execution, delivery and performance of this Agreement
and the transactions contemplated hereby, and (B) the names and signatures of the officers of Purchaser authorized to sign this
Agreement and the documents to be delivered hereunder

 

 

 

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21.INDEMNIFICATION. Purchaser
and Seller agree to protect, indemnify, and hold the other harmless against, and with respect to, any loss, damage, or
expense occasioned by any breach or alleged breach, falsity, or failure of any of the representations, covenants,
warranties, or agreements of any such party contained herein or contained in any document transferred between Purchaser and
Seller in connection with this transaction. Further, Seller shall indemnify and hold Purchaser harmless for all matters
relating to subject Business prior to Closing, and Purchaser shall indemnify and hold Seller harmless for all matters
relating to the subject Business after Closing. Purchaser agrees to replace Seller as personal guarantor with all existing
suppliers or creditors.

 

22.RISK
OF LOSS. Pending Closing, Seller shall keep all presently existing insurance covering the Business and the Purchased Assets
in effect. All risk of loss, until Closing, shall remain with the Seller. In the event the premises shall be damaged by fire or
other casualty prior to time of Closing, in an amount of not more that ten (10%) percent of the total purchase price, Seller shall
be obligated to repair the same before Closing or as soon thereafter as possible. In the event such damage exceeds ten (10%) percent,
or cannot be repaired within said time, this Agreement may be canceled at the option of the Purchaser.

 

23.TIME
IS OF THE ESSENCE. Time is of the essence hereof, and if any payment or any other condition hereof is not made, tendered,
Or performed by either the Purchaser or Seller as herein provided in the Agreement, then such party shall be deemed to be in default
hereunder. In the event of such default by Seller, and the Purchaser elects to treat the contract as terminated, then all payments
made plus any Seemed interest shall be returned to the Purchaser, after deducting any stuns due Broker for actual cost for Personal
Property Tax Certificates, Lien Searches, and Credit Reports, Additionally, in the event of default by the Seller. Purchaser may
elect to treat this Agreement as being in full force and effect, and Purchaser shall have the right to an action for specific
performance and damages. In the event of default by the Purchaser, all payments shall be forfeited and retained on behalf of the
Seller as liquidated damages. in the event of forfeiture of earnest money deposits, such deposits shall be divided equally
between Broker and Seller: however, any distribution to Broker shall not exceed the Broker’s commission plus actual costs
for Personal Property Tax Certificates, Lien Searches and Credit Reports. In the event either party shall be required to
institute litigation to enforce the terms and provisions of this Agreement in the event of default on the part of’ the other
party, the prevailing party shall be entitled to recover its reasonable attorney’s fees of such litigation plus costs.

 

24.MERCER. This
Agreement shall not be merged or extinguished, but shall survive closing.

 

25.GOVERNING
LAW. This Agreement shall be governed by. and its terms construed under, the laws of the State of Colorado.

 

26.ENTIRE
AGREEMENT. This Agreement contains the entire understanding of the Purchaser and Seller, and there are not warranties,
representations, or agreements between the parties, which are not set forth herein.

  

 

 

    	 	8	 

     

    

 

27.ASSIGNMENT. This
Agreement may not be assigned by either party. Not withstanding the foregoing, this Agreement shall inure to and be binding
upon the parties hereto, their respective heirs, personal representatives, successors, and permitted assigns. in the event
Purchaser elects to form a corporation to own and operate the business, whether prior to or subsequent to Closing, Seller
consents to the assignment to the corporation formed by Purchaser, provided Purchaser owns at least Fifty-One (51%) percent
of the outstanding and issued stock of said corporation and remains liable for all obligations set forth herein.

 

28.AGENCY
DISCLOSURE REAFFIRMATION. Purchaser and Seller hereby acknowledge prior, timely receipt of notice that Broker, its agents
and employees, are acting as Transaction-brokers, assisting both the Purchaser and Seller throughout this transaction with communication,
advice, negotiation, contracting and closing without being an agent or advocate for any of the Parties. The Parties to this transaction
are not legally responsible for the actions of Broker, and Broker does not owe either party the duties of an agent.

 

29.COUNTERPARTS. This
Agreement may be signed in multiple counterparts with all counterparts to be legally binding and to be
considered originals.

 

30.FACSIMILE
SIGNATURES. Facsimile signatures shall be considered legal and binding.

 

31.EARNEST
MONEY DISPUTE. Except as otherwise provided herein, Earnest Money Holder shall release the Earnest Money as directed by
written mutual instructions, signed by both Purchaser and Seller. In the event of any controversy regarding the Earnest Money
(notwithstanding any termination of this Contract). Earnest Money Holder shall not be required to take any action. Earnest Money
Holder, at its option and sole discretion, may: (a) await any proceeding, (b) interplead all parties and deposit Earnest Money
into a court of competent jurisdiction and shall recover court costs and reasonable attorney and legal fees, or (c) give written
notice to Purchaser and Seller that unless Earnest Money Holder receives a copy of the Summons and Complaint or Claim (between
Buyer and Seller), containing the case number of the lawsuit (Lawsuit) within 120 calendar days of Earnest Money Holder’s written
notice to the parties, Earnest Money Holder shall be authorized to return Earnest Money to Purchaser . In the event Earnest Money
Holder does not receive a copy of the Lawsuit, and has interpled the monies at the time of any Order, Earnest Money Holder shall
disburse the Earnest Money pursuant to the Order of the Court.

 

32.EXECUTION
AND ACCEPTANCE. This Agreement shall be signed and dated by all parties and fully signed counterparts shall be accepted
by Seller and delivered to all parties on or before 5:00 p.m. Thursday April 15, 2014, failing which this Agreement
shall be void.

 

PURCHASER
AND SELLER ACKNOWLEDGE THAT THEY HAVE BEEN ADVISED BY BROKER TO OBTAIN INDEPENDENT LEGAL AND ACCOUNTING ADVICE ON ALL MATTERS
RELATING TO ME SUBJECT TRANSACTION.

 

	PURCHASER: EasyLife Corp.	 
	 	 	 	 
	Darren
    Lampert	 	4/15/14	 
	Darren
    Lampert, CEO	 	Date	 

 

	SELLER: Southern Colorado Garden Supply Corp.	 
	 	 	 	 
	Jason
    Dawson	 	4/14/14	 
	Jason
    Dawson, President	 	Date	 

 

	JASON DAWSON (As to the warranties contained in Section 18 and the covenant not to compete in Section 12.)
	 	 	 	 
	Jason
    Dawson	 	4/14/14	 
	Jason
    Dawson	 	Date	 

 

	BROKER – National Business Brokers, Ltd.
	 	 	 	 
	By:	 	 	 
	 		Date 	 

 

 

 

 

9Exhibit
10.12

 

INVENTORY
PURCHASE AGREEMENT

 

THIS
INVENTORY PURCHASE AGREEMENT is made and entered into as of the 10 day of May, 2015 (this "Agreement") by
and among GrowGeneration Pueblo Corp., a Colorado Corporation ("Buyer") and Happy Grow Lucky LLC, a Colorado
Corporation ("Seller" and together with the Buyer, the "Parties").

 

RECITALS

 

A.          Seller
currently owns certain inventory at its store located at 26591 Main Street, Conifer CO 80433, which inventory is set forth in
detail on Schedule A to this Agreement (collectively the "Inventory").

 

B.          Seller
desires to sell the Inventory to the Buyer and Buyer desires to purchase the Inventory from Seller pursuant to the terms and conditions
of this Agreement.

 

AGREEMENT

 

In
consideration of the foregoing and the mutual covenants contained in this Agreement and for other valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

Section
1.          Sale and Purchase of Inventory.

 

1.1          Sale
of Inventory. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below), Seller
will sell, convey, transfer and assign to Buyer, and Buyer will purchase and accept from Seller, all right, title and interest
in and to all of the Inventory set forth on Exhibit A (collectively, the "Purchased Inventory"), free
and clear of any and all liens, encumbrances, claims, charges, security interests, rights of Seller and/or any third party, rights
of redemption, equities, and any other restrictions or limitations of any kind or nature whatsoever (collectively, "Liens").

 

1.2          Purchase
Price and Payment. As consideration for the Purchased Inventory, at the Closing, Buyer shall pay to Seller, cash in the amount
of the actual cost to Seller of the Purchased Inventory as reflected on Schedule A (the "Purchase Price") to
Seller by bank check or wire transfer of immediately available funds to an account identified in writing by Seller to Buyer.

 

1.3          Closing
Date. Subject to Section 4, the closing of the transaction contemplated by this Agreement (the
"Closing") shall take place at such date, time and place as may be agreed upon by the Parties (the
"Closing Date") but in any event, no later than seven (14) business days following the execution the
Consulting and Inventory Purchase Agreement.

 

1.4          Method
of Conveyance Transfer and Assumption. Upon payment of the Purchase Price, the sale, transfer, conveyance, and assignment
by Seller of the Purchased Inventory to Buyer in accordance with Section 1.1 shall be effected at the Closing by Seller's execution
and delivery of a Bill of Sale in the form attached hereto as Exhibit B and delivery of the Purchased Inventory to the
Buyer.

 

    

     

    

 

Section
2.          Liabilities. Buyer is not assuming any debts, obligations
or liabilities of Seller whatsoever, whether known or unknown, actual or contingent, presently existing or arising in the future,
which shall remain the responsibility of Seller.

 

Section
3.          Representations and Warranties of Seller. Seller hereby
represents and warrants to Buyer:

 

3.1          Organization
and Qualification. Seller is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation. Seller has all requisite power and authority to own its properties and Inventory and conduct its business
as such business is now conducted.

 

3.2          Authorization.
Seller has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The
execution and delivery by Seller of this Agreement and the consummation by Seller of the transaction contemplated hereby have
been duly and validly authorized by all necessary action on the part of Seller. This Agreement has been duly and validly executed
and delivered by Seller and constitutes a valid and binding obligation of Seller, enforceable against it in accordance with its
terms.

 

3.3          Title
to Purchased Inventory. Seller has good and marketable title to all of the Purchased Inventory, free and clear of Liens. Upon
consummation of the transaction contemplated hereby, Buyer will acquire good and marketable title to all of the Purchased Inventory,
free and clear of all Liens.

 

3.4          Purchased
Inventory Seller has inspected the Purchased Inventory and thereby accepts the physical condition of the Purchase Inventory
"as is". The pricing of the Purchase Inventory on Schedule A reflects the actual cost of and price paid for such Purchased
Inventory

 

Section
4.          Conditions to Closing.

 

4.1          Conditions
to Obligations of Buyer.

 

(a)          The
representations and warranties of Seller contained in this Agreement shall be true in all material respects on the date hereof
and on the Closing Date as though such representations and warranties were made on and as of the Closing Date.

 

(b)          No
suit, action or other proceeding shall be pending before any court or governmental agency to restrain or prohibit the consummation
of the transaction provided for herein or to obtain damages or other relief in connection with this Agreement or the consummation
of such transactions.

 

(c)          Seller
shall deliver at closing shareholder resolutions authorizing and approving the Inventory Purchase Agreement.

 

    2

     

    

 

Section
5.          Termination.

 

5.1          Termination
of the Agreement. Buyer may terminate this Agreement prior to Closing by giving written notice to Seller in the event that
Seller is in breach of any representation, warranty or covenant contained in this Agreement, and such breach, individually or
in combination with any other such breach is not cured within five (5) days following delivery by Buyer to Seller of written notice
of such breach.

 

5.2          Effect
of Termination. If this Agreement is terminated pursuant to Section 5.1, all obligations of each Party hereunder shall terminate
without any liability of any Party to any other Party.

 

Section
6.          General Provisions.

 

6.1          Further
Assurances. From time to time after the date hereof, Seller shall execute and deliver to Buyer such instruments of sale,
transfer, conveyance, assignment, consent, assurance, power of attorney, and other such instruments as may be reasonably
requested by Buyer in order to vest in Buyer all right, title, and interest in and to the Purchased Inventory. The Parties
shall each provide the other with such assistance as may be reasonably requested by the other in connection with this
transaction.

 

6.2          Expenses.
Except as otherwise provided herein, each Party shall bear its own costs and expenses incurred in connection with this Agreement
and the transactions contemplated hereby.

 

6.3          Governing
Law. This Agreement shall be construed and enforced in accordance with and governed by the internal laws of the State of Colorado
without giving effect to the conflict of laws rules thereof.

 

6.4          Entire
Agreement; Amendment and Waiver. This Agreement and all exhibits hereto set forth the entire understanding of the Parties
with respect to the subject matter hereof and may be modified only by a written instrument duly executed by each Party. Except
as herein expressly provided to the contrary, no breach of any covenant, agreement, warranty or representation shall be deemed
waived unless expressly waived in writing by the Party who might assert such breach.

 

6.5          Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together
shall constitute one and the same instrument.

 

6.6          Headings.
Headings in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect.

 

6.7          Notices.
All notices, requests, demands and other communications called for or contemplated hereunder shall be in writing and shall be
deemed to have been duly given when delivered to the Party to whom addressed or when sent by facsimile (if promptly confirmed
by registered or certified mail, return receipt requested, prepaid and addressed) to the Parties, their successors in interest,
or their assignees at such addresses as the Parties may designate by written notice.

 

    3

     

    

 

6.8          Assignment;
Binding Effect. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof
nor any of the documents executed in connection herewith may be assigned by any Party without the prior written consent of the
other Parties. Except as provided in the previous sentence, this Agreement and all of the rights and obligations hereunder shall
inure to the benefit of and be binding upon the Parties hereto and their respective successors and assigns. Any attempted assignment
in violation of this Agreement shall be null and void.

 

IN
WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed as of the date first above written.

 

	 	BUYER:

	 	 
	 	GROWGENERATION
    PUEBLO CORP.
	 	 	 
	 	By:	/s/
    Darren Lampert
	 	Name:	Darren Lampert
	 	Title:	CEO
	 	 	 
	 	SELLER:
	 	 	 
	 	HAPPY
    GROW LUCKY LLC.
	 	 	 
	 	By:	 /s/ Lindsay Schmitt
	 	Name:	Lindsay Schmitt
	 	Title:	Owner

 

    4

     

    

 

Exhibit
B

 

BILL
OF SALE

 

This
BILL OF SALE (this "Bill of Sale") is dated as of May 10, 2015 from Happy Grow Lucky LLC. to GrowGeneration Pueblo
Corp.

 

RECITALS

 

A.          Seller
and Buyer are parties to an Inventory Purchase Agreement, dated as of May , 2015 (the "Purchase Agreement").

 

B.          Pursuant
to the Purchase Agreement, Buyer is purchasing from Seller the Purchased Inventory referred to in Section 1.1 of the Purchase
Agreement.

 

C.          Seller
has agreed, pursuant to Section 1.4 of the Purchase Agreement, to execute and deliver this Bill of Sale to Buyer for the purpose
of transferring to and vesting in Buyer title to the Purchased Inventory, which Seller is selling to Buyer pursuant to the Purchase
Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged:

 

1.          Seller
does hereby sell, transfer, assign and vest in Buyer, its successors and assigns forever, all of its right, title and interest
in and to the Purchased Inventory referred to in. Section 1.1 and set forth on Schedule A of the Purchase Agreement.

 

2.          Seller
hereby constitutes and appoints Buyer, its successors and assigns, as Seller's true and lawful attorney, with full power of substitution,
in Seller's name and stead, on behalf and for the benefit of Buyer, its successors and assigns, to demand and receive any and
all of the Purchased Inventory and to give receipts and releases for and in respect of the Purchased Inventory, or any part thereof;
and from time to time to institute and prosecute in Seller's name, at the sole expense and for the benefit of Buyer, its successors
and assigns, any and all proceedings at law, in equity or otherwise, which Buyer, its successors and assigns, may reasonably deem
necessary for the collection or reduction to possession of any of the Purchased Inventory.

 

3.          Seller
hereby covenants that, except as provided in the Purchase Agreement, from time to time after the delivery of this instrument,
at Seller's sole cost and expense, it will, at the reasonable request of Buyer, do such further acts and execute and deliver such
further documents regarding its obligations hereunder as may be required for the purpose of (i) accomplishing the purposes of
this Bill of Sale and (ii) assuring and confirming unto the other parties the validity of any documents of conveyance.

 

    

     

    

 

4.          This
Bill of Sale shall be binding on and inure to the benefit of and be enforceable by the parties hereto and their respective successors
and assigns. Nothing in this Bill of Sale shall be deemed to create or imply any right or benefit in any person other than Buyer
or Seller, or their respective successors and assigns.

 

5.          This
Bill of Sale is subject to the terms and conditions of the Purchase Agreement and shall be governed and enforced in accordance
with the laws of the State of Colorado without giving effect to the conflict of law rules thereof.

 

6.          Nothing
in this Bill of Sale shall alter any liability or obligation of Seller arising under the Purchase Agreement, which shall govern
the representations, warranties and obligations of the parties with respect to the Purchased Inventory. The representations and
warranties set forth in the Purchase Agreement shall survive the execution of this Bill of Sale.

 

7.          This
Bill of Sale may be executed by facsimile signature and a facsimile signature shall constitute an original signature for all purposes.

 

IN
WITNESS WHEREOF, this Bill of Sale has been executed under seal as of the day and year first written above.

 

	 	By:	/s/
    Lindsay Schmitt
	 	Name:	Lindsay Schmitt
	 	Title:	Owner

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