Document:

Exhibit 10.1

 

AGREEMENT TO ASSIGN ASSETS

 

THIS AGREEMENT TO ASSIGN
ASSETS (this “Agreement”) is entered into as of April 30, 2014 by and between CABINET GROW, INC., a California
corporation (the “Corporation”) and MATT LEE, an individual (“Lee”).

 

RECITALS:

 

A.
Lee developed certain intellectual property and acquired certain other assets related to the business currently conducted by
Lee as a sole proprietorship under the name “Universal Hydro.”

 

B. Lee
wants to assign all of his rights, title and interests in certain intellectual property and certain tangible assets in
exchange for the Corporation issuing shares of stock to him, and the Corporation wants such intellectual property rights and
tangible assets to be assigned to it in exchange for issuing shares of stock to Lee.

 

AGREEMENT:

 

The parties hereby agree
as follows:

 

1. Assignment of Intellectual
Property. As consideration for the Corporation issuing 5,000,000 shares of its Common Stock to Lee, Lee hereby irrevocably
assigns to the Corporation all of his rights, title and interests in the following intellectual property and tangible assets:
intellectual property- for purposes of this Agreement, “Intellectual Property” means intellectual property rights,
including any (1) any patent, patent application (whether registered or unregistered), copyright (whether registered or unregistered),
copyright application (whether registered or unregistered) trade secret, trademark (whether registered or unregistered), trademark
application, trade name, service mark (whether registered or unregistered), service mark application, confidential information,
know-how, process, technology, development tool, ideas, concepts, design right, database right, methodology, algorithm or invention,
(ii) any right to use or exploit any of the foregoing, and (iii) any other proprietary right, whether arising under the laws of
the Unite States or any other country (the “Intellectual Property”). Tangible assets- for the purpose of this
Agreement, “Tangible Assets” means (i) all inventory, tooling, office furniture, office and warehouse supplies, computers,
phones and peripheral equipment, video camera and media production equipment, and all other personal property located at 17801
Main St. Suite E, Irvine, CA 92614, 9ii) all cash accounts utilized exclusively for business purposes (JPMorgan Chase bank &
Co account number ending in 5169 and Paypal account number ending in B2D54, (iii) digital property including all websites, domains,
social media accounts and related property secured for use related to the business currently conducted by Lee as a sole proprietorship
under the name “Universal Hydro” (the “Tangible Assets”). The Intellectual Property and the Tangible
Assets are referred to herein collectively as the “Transferred Property”. Lee
represents and warrants to the Corporation that he does not retain any right, title or interest in any of the Transferred Property.
As additional consideration for shares of the Corporation’s Common Stock to be issued to pursuant to this Agreement, Lee
further agree that any modifications or improvements to any of the Intellectual Property developed by him at any time during which
he is a director, officer and/or employee of the Corporation will be owned exclusively by the Corporation and that he will not
retain any rights, title or interests in any such improvements or modifications.

 

2. Issuing Shares of
Stock. The Corporation agrees to issue 5,000,000 shares of its Common Stock to Lee in exchange for the consideration set forth
in Section 1 above; with such stock issuance to be pursuant to a Subscription Agreement by and between the Corporation and Lee.

 

3. Cooperation.
Lee agrees to perform all acts deemed necessary or desirable by the Corporation to permit and assist it in evidencing, perfecting,
obtaining, maintaining, defending and enforcing the Corporation’s rights to the Transferred Property and/or the assignment
of the Transferred Property to the Corporation by Lee. Such acts may include, but are not limited to, execution of documents and
assistance or cooperation in legal proceedings. Lee hereby irrevocably designates and appoints the Corporation and its duly authorized
officers and agents, as their respective agents and attorneys-in-fact, with full power of substitution, to act for and in behalf
and instead of Lee, to execute and file any documents and to do all other lawfully permitted acts to further the above purposes
with the same legal force and effect as if executed by Lee.

 

4. Jurisdiction and
Venue. Any controversy or claim between or among the parties, their agents, employees and affiliates, arising out of or relating
to this Agreement, including without limitation any claim based on or arising from an alleged tort, will be resolved in either
Federal District Court or in California Superior Court in Orange County, California and such courts have shared exclusive jurisdiction
and venue to adjudicate such disputes. The parties hereby consent to such exclusive jurisdiction and venue and waive any objections
thereto.

 

5. Governing Law.
This Agreement and any matter related to or arising under this Agreement will be governed by and construed in accordance with
the internal laws of the State of California, regardless of any conflicts or choice of law provision of any jurisdiction.

 

6. Attorneys Fees.
The prevailing party (as “prevailing party” is defined in California Code of Civil Procedure Section 1032(a)(4),
interpreted to apply to arbitration as well as judicial proceedings) in any dispute relating to or arising under this Agreement
will be entitled to recover all of its reasonable expenses, costs, and attorneys fees associated with that dispute.

 

7. Captions.
Captions are supplied herein for convenience only and will not be deemed a part of this Agreement for any purpose.

 

8. Facsimile and PDF
Signatures. This Agreement may be executed by a party’s signature transmitted by facsimile (“fax”) or e-mailed
pdf (“pdf”), and copies of this Agreement and any such document or instrument executed and delivered by means of faxed
or pdf signatures shall have the same force and effect as copies executed and delivered with original signatures. All parties
hereto may rely upon faxed or pdf signatures as if such signatures were originals. Any party executing and delivering this Agreement
and any such document or instrument by fax or pdf shall promptly thereafter deliver a counterpart signature page and the fully
executed original or counterpart original of any such document or instrument containing said party’s original signature.
All parties hereto agree that a faxed or pdf signature may be introduced into evidence in any proceeding arising out of or related
to this Agreement or any such document or instrument as if it were an original signature.

 

9. Severability.
If any term or provision of this Agreement or the application thereof to any person or circumstances will to any extent be invalid
or unenforceable, the remainder of this Agreement or the application of such terms or provisions to persons or circumstances other
than those as to which it is invalid or unenforceable, will not be affected thereby and each term and provision of this Agreement
will be valid and enforced to the fullest extent permitted by law.

 

10. Amendment.
This Agreement may be modified only by a written amendment signed by both parties.

 

11. Rules of Construction.
This Agreement has been negotiated by the parties and is to be interpreted according to its fair meaning as if the parties
had prepared it together and not strictly for or against any party. All references to “parties” refer to the parties
to this Agreement unless expressly indicated otherwise. References to Sections are to Sections of this Agreement unless expressly
indicated otherwise. References to “provisions” of this Agreement refer to the terms, conditions and promises contained
in this Agreement. “Including” means “including without limitation” and “includes” means “includes
without limitation.” “Or” is inclusive and includes “and.” Headings are for the convenience of the
parties and will not be construed to define or interpret any provision of this Agreement.

 

IN WITNESS WHEREOF, the
parties have signed this Agreement to Assign Assets as of the date first written above.

 

	
        CABINET GROW, INC., a California corporation

         

         

        By: _____________________________

             Sam
May, President
	
         

        _________________________________

        MATT LEE, an individualExhibit 10.2

 

AGREEMENT AND PLAN OF MERGER dated as
of May 15, 2014, between Cabinet Grow, Inc., a Nevada Corporation (the “Surviving Entity”), and Cabinet
Grow, Inc., a California Corporation (the “Merged Entity”).

 

RECITALS

 

A. The
Surviving Entity and the Merged Entity are each sometimes referred to hereinafter as a “Constituent Entity”
and collectively as the “Constituent Entities”.

 

B. Each
of the Constituent Entities deems it advisable and generally in the best interest of such Entity, and the shareholders thereof,
that the Merged Entity be merged with and into the Surviving Entity on the terms and conditions and with the effect set forth in
this Agreement and pursuant to the provisions of Nevada Revised Statutes Chapter 92A (“Merger”).

 

C. The
name, address and jurisdiction of organization and governing law of each Constituent Entity to the Merger is:

 

(a) Surviving
Entity.  Cabinet Grow, Inc., a Nevada Corporation, 17801Main Street, Suite E Irvine, Ca. 92614, organized and governed
by the laws of the State of Nevada; and

 

(b)
Merged Entity.  Cabinet Grow, Inc. a California Corporation, 17801 Main Street, Suite E, Irvine Ca. 92614, organized
and governed by the laws of the State of California.

 

AGREEMENT

 

In consideration of the mutual promises
set forth herein, and subject to the terms and conditions hereof, the parties hereto agree as follows:

 

Section 1.  Merger.

 

(a) Effective
Date of Merger. The Merger shall become effective on or after the filing by the Surviving Entity of the Articles of Merger
with the Secretary of State of the State of Nevada (the “Effective Date”).

 

(b) Effect of
Merger.  As of the Effective Date:

 

(i) Merged Entity.  The
Merged Entity shall be merged with and into the Surviving Entity and the separate existence of the Merged Entity shall cease.

 

(ii) Surviving
Entity.  Except as specifically set forth in this Agreement, the existence of the Surviving Entity, with all its
purposes, powers and objects, shall continue unaffected and unimpaired by the Merger.  The Surviving Entity shall continue
under the name “Cabinet Grow, Inc.” as a Nevada corporation organized pursuant to and in accordance with the Nevada
Revised Statutes Chapters 78 (Private Corporations) and 92A (Mergers, Conversions, Exchanges And Domestications, Nev. Rev. Stat.
Sections 78.010 to 78.795 and Sections 92A.005 to 92A.500, as amended from time to time.  The identity and existence,
together with all the rights, privileges, immunities, powers and franchises of the Merged Entity, both of a public and private
nature, and all property, real, personal and mixed, and all debts due on whatever account, and all other things or choices in
action belonging to the Merged Entity, and all and every other interest shall be taken and deemed to be transferred to and to
vest, and shall be vested, in the Surviving Entity as of the Effective Date without further act or deed and as effectively as
they were formerly vested in the Merged Entity.

 

(iii) The Articles
of Incorporation.  The Articles of Incorporation of the Surviving Entity existing on the Effective Date shall, as
of the Effective Date, be the Articles of Incorporation of the Surviving Entity. The name and address of the Surviving Entity
is as follows: Cabinet Grow, Inc. 17801 Main Street, Suite E, Irvine, CA. 92614

  

Section 2. Adoption
of the Agreement.  This Agreement has been adopted and approved by the holders of a majority of the issued and outstanding
capital of the Merged Entity and the holders of a majority of the issued and outstanding capital of the Surviving Entity.

 

Section 3. Further
Acts.  The directors, officers and/or the shareholders of the Constituent Entities shall execute this Agreement
and file all certificates, articles or other documents as may be required to be filed in the State of Nevada to effectuate the
Merger.

 

Section 4. Expenses.  The
Surviving Entity shall pay all the expenses of accomplishing the Merger, including, without limitation, the expenses of each Constituent
Entity incurred in connection with this Agreement and the preparations for carrying this Agreement into effect.

 

Section 5. Abandonment.  Anything
herein to the contrary notwithstanding, if the shareholders of any Constituent Entity should determine that for any legal, financial,
economic or business reason deemed sufficient by such shareholders it is not in the best interests of such Entity or their shareholders,
or is otherwise unadvisable or impracticable, to consummate the Merger, then such shareholders may abandon the Merger by directing
the board of directors and officers of such Entity to refrain from executing or filing this Agreement or any certificate, articles
or other documents as may be required to be filed in the State of Nevada to effectuate the Merger, and thereupon this Agreement
shall be void and of no effect.  The filing of any certificate, articles or other documents, as may be required to be
filed in the State of Nevada to effect this merger, shall constitute a waiver of any Constituent Entity’s right to abandon
the Merger and shall serve as conclusive evidence that the shareholders of each of the Constituent Entities did not abandon the
Merger and knowingly consummated the Merger.

 

Section 6. Ownership
Interests.  The shareholders of the Merged Entity shall receive upon the surrender of the ownership interest in
the Merged Entity held by it an equivalent percentage of the ownership interests of the Surviving Entity, so as to provide no
change in the ownership percentage in the Surviving Entity as a result of the Merger. As a matter of clarification Matt Lee and
Sam May will each exchange 5,000,000 shares of the Merged Entity’s common stock for 15,000,000 shares of the Surviving Entity’s
common stock, whereas the 10,000,000 shares of the Merged Entity and the 30,000,000 shares of the Surviving Entity, each represents
100%, respectively, at the time of the Merger.

    	 

    	 

    

 

IN WITNESS WHEREOF, this Agreement has been entered into
by each of the Constituent Entities as of the date first above written.

 

SURVIVING ENTITY:

 

Cabinet Grow, Inc.

a Nevada Corporation

 

By:          

Sam May

Its: President and Director

 

 

MERGED ENTITY:

 

Cabinet Grow, Inc.

a California Corporation

 

 

By:         

Matt Lee

Its: Secretary and Chairman of the Board

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