Document:

Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

THIS ASSET PURCHASE AGREEMENT (the
“Agreement”), is made and entered into as of the 18th day of April 2017 by and among a newly formed entity solely
owned by RMR Industrials, Inc., a Nevada corporation (the “Buyer”), METRO MIX, LLC, a Colorado
limited liability company (the “Seller”), and Keith Minor and Eric Tyrrell (collectively “Seller Members”).
Hereinafter, the Buyer and the Seller may collectively be referred to as the “Parties” and individually as a “Party.”

 

WITNESSETH:

 

WHEREAS, Seller is located in Denver,
Colorado and is engaged in the manufacturing, processing, and delivery of ready-mixed concrete (collectively, the “Business”);

 

WHEREAS, Seller wishes to sell to
Buyer and Buyer wishes to buy from the Seller, substantially all of the Seller’s assets for the Business on the terms and
subject to the conditions hereinafter set forth; and

 

WHEREAS, the Seller Members own a
majority of all the issued and outstanding membership interests of the Seller, and the Seller Members will derive substantial benefit
from the sale of the Business and its assets to the Buyer; and

 

NOW, THEREFORE, in consideration
of the mutual representations, warranties, covenants and agreements hereinafter set forth, the Parties hereto hereby agree as follows:

 

ARTICLE 1

GLOSSARY OF DEFINED TERMS

 

1.1           Definitions.
As used herein, the following capitalized terms shall have the following meanings (terms defined in the singular to have the same
meanings when used in the plural and vice versa):

 

“AAA” means the
American Arbitration Association.

 

“ACA” means the
Patient Protection and Affordable Care Act.

 

“Action” means
any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at
law or in equity.

 

“Affiliate” and
“Affiliated” each means with respect to a Party, a Party’s respective officers, directors, shareholders,
management, representatives, employees, members, managers, agents, successors, assigns and any other person or entity which is
directly or indirectly a subsidiary of a Party, controlling, controlled by, under the common control with or related to the Party,
the Party’s asset owners and/or another Affiliate of such Party, whether such control is through voting securities, contract
or otherwise. As used in this definition, “control” (including, with its correlative meanings, “controlling,”
“controlled by” and “under common control with”) means possession, directly or indirectly, of the power
to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership
interests, by contract or otherwise).

 

“Acquisition”
means the acquisition of the Assets by the Buyer pursuant to the terms of this Agreement.

 

“Assets” means
the assets and rights to be sold to Buyer pursuant to Section 2 hereof.

 

“Business” means
the business of the Seller, which is conducted by the Seller and described in the recitals hereto.

 

“Business Day” means
any day on which commercial banks are not authorized or required to close in Denver, Colorado.

 

     

     

    

 

“Business Locations”
means the following three individual Business Locations: (i) Denver Management Leased Office Space 6820 North Broadway Unit
A Denver, CO 80221; (ii) Denver Ready Mix Plant 282 East 64th Avenue Denver, CO 80221; and (iii) the Castle Rock Ready Mix Plant
1120 Topeka Way Castle Rock, CO 80109.

 

“BVI, LLC” means the
owner of the real property where Seller operates its Denver Ready Mix Plant and Castle Rock Ready Mix Plant.

 

“CERCLA” means
the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended 42 U.S.C. § 9601 et. seq.

 

“Claim” and “Claims”
shall each mean any and all actions, causes of action, claims, demands, demand letters, rights, assertions, challenges and
requests.

 

“Closing” means
as such term is defined in Section 4 of this Agreement.

 

“Closing Date” means
as such term is defined in Section 4 of this Agreement.

 

“Closing Estimated Net Working
Capital” means as such term is defined in Section 3.3 of this Agreement.

 

“Closing Net Working Capital”
means the Net Working Capital (as defined herein) of the Seller (as defined herein) as of the Closing Date (as defined herein).

 

“Code” means the
Internal Revenue Code of 1986, as amended.

 

“Customer Pre-Payments”
means as such term is defined in Section 3.4 of this Agreement.

 

“Damages” mean
any and all Claims, controversies, demands, actions, causes of action, losses, damages, liabilities, promises, debts, obligations,
expenses (including, but not limited to, costs of investigation, attorneys’ fees and related expenses), and/or suits at/in
law, asset or arbitration (including, without limitation, interest, penalties, attorneys’ fees and expenses and/or liabilities).

 

“Due Diligence Information”
means any and all information provided by, for or on behalf of the Seller, and/or the Seller Members, regarding or related
to the Seller, the Seller Members, the Business, the Assets and/or the transactions contemplated by this Agreement, including (but
not limited to) all information provided by, for or on behalf of the Seller

in response to the due diligence request
list attached hereto and incorporated herein as Schedule 1.1-B.

 

“Effective Time” means
11:59 p.m. in Denver, Colorado, on the Closing Date.

 

“Employee” means
any current or former employee, officer, sales representative, independent contractor, agent or consultant working for the Seller
or in the Business.

 

“Encumbrances” means
all mortgages, liens (statutory or otherwise), security interests, Claims, pledges,

licenses, equities, options, conditional
sales contracts, assessments, levies, easements, covenants, reservations, restrictions, rights-of-way, exceptions, limitations,
charges, taxes or Encumbrances of any nature whatsoever.

 

“Environmental Claims”
means any and all Claims, notices of non-compliance or violation, consent orders or consent agreements related in any way to
any Environmental Law or Legal Requirement, including without limitation: (i) any and all Claims by a Governmental Authority for
enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Laws, and
(ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunction
relief resulting from Hazardous Material or arising from alleged injury or threat of injury to health, safety or the environment.

 

“Environmental Laws”
means, whenever in effect, all Legal Requirements and all contractual obligations concerning noise, public health and safety,
worker health and safety, or pollution or protection of the environment, including, without limitation, CERCLA.

 

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“ERISA” means
the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time, and the regulations promulgated
thereunder.

 

“Financial Statements”
means: (a) the unaudited financial statements of the Seller for the four (4) fiscal years ended December 31, 2013, December
31, 2014, December 31, 2015 and December 31, 2016; (b) the compiled financial statements of the Seller for the two (2) month period
ending February 28, 2017; and (c) the Pre-Closing Certificate (as defined herein).

 

“Fiscal Year” means
as such term is defined in Section 3.2 of this Agreement.

 

“GAAP” means United
States generally accepted accounting principles, then in effect.

 

“Governmental Authority”
means any foreign or domestic federal, state or municipal court or governmental, quasi-governmental or regulatory department
or authority.

 

“Hazardous Material”
means all materials, substances, and wastes as to which liability or standards of conduct are imposed pursuant to Environmental
Laws, including asbestos in any form or condition, polychlorinated biphenyls, and petroleum or any fraction thereof.

 

“Purchase Option”
means as such term is defined in Section 2.9 of this Agreement.

 

“Indebtedness” means
indebtedness for borrowed money, including bank overdrafts, or for the deferred purchase price of property or services or evidenced
by notes, bonds or other similar instruments, lease obligations which would normally be capitalized under GAAP, or obligations
under direct or indirect guarantees of (including obligations (contingent or otherwise) to assure a creditor against loss in respect
of) Indebtedness of others.

 

“Intellectual Property”
means patents (including all reissues, divisions, continuations in part and extensions thereof), registrations of trademarks,
computer software, service marks and other marks, registrations of trade names, labels or other trade rights, registered user entries,
copyrights, copyright registrations and pending applications for patents, including but not limited to that pending patent application
for a “self-sustaining base,” registrations or entries, and trademarks and other marks, trade names, labels, slogans,
promotional material and other trade rights, whether or not registered, including, without limitation, all of Seller’s rights
in and to the names Metro Mix, LLC and any and all variations of the foregoing.

 

“IRS” means the
Internal Revenue Service.

 

“Know-how” means
trade secrets, know-how (including, without limitation, product know-how and use and application know-how), processes, product
designs, specifications, quality control procedures, manufacturing, engineering and other drawings, computer databases and software,
telephone numbers, facsimile numbers, email addresses, web sites, domain names, technology and all other information and intangibles,
including, without limitation, technical information, safety information, engineering data and design and engineering specifications,
research records, market surveys and all promotional literature, customer and supplier lists and similar data.

 

“Knowledge” means
all information, facts, circumstances, understandings and/or matters of which a Person is actually aware or could be expected to
discover or otherwise become aware in the course of such Person conducting business operations and/or a reasonable inquiry.

 

“Legal Requirements”
means all federal, state, local and foreign statutes, ordinances, codes or other laws, rules, regulations, orders, common law,
technical or other standards, requirements, policies, determinations or procedures enacted, adopted or promulgated by any applicable
Governmental Authority, including any judgment, writ, injunction, award or decree of any court, administrative body, judge, justice
or magistrate, including any bankruptcy court or judge, and any order of or by any Governmental Authority.

 

“Liability” and “Liabilities” each
collectively mean any debt, claim, liability or obligation of any kind, character or description whether known or unknown,
absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint
or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise.

 

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“Licenses and Permits”
means all licenses, permits, approvals, authorizations and consents of all Governmental Authorities, all certification organizations
required for or material to the conduct of the Business (as presently conducted), or otherwise required or necessary pursuant to
Legal Requirements.

 

“Material Agreements”
and “Material Agreement” each mean as such terms are defined in Section 5.27 of this Agreement.

 

“Material Adverse Effect”
means any matter which could be reasonably expected materially and adversely to affect the Assets, liabilities, properties,
operations, prospects, financial condition or results of operations of either of the Seller or the Business taken as a whole, or
which could be reasonably expected to materially adversely affect the Seller’ ability to consummate the transactions contemplated
hereunder or to perform its respective obligations hereunder.

 

“Net Working Capital”
means as such term is defined in Section 3.4 of this Agreement.

 

“Noncompetition Agreement”
means as such term is defined in Section 7.2 of this Agreement.

 

“Obsolete Inventory”
means that portion of any inventory item which is not subject to a current purchase order therefor and which the quantity on-hand
is greater than the quantity that can reasonably be expected to be sold after Closing Date.

 

“Permitted Encumbrances”
means all of the following that exist immediately prior to the Closing and which continue to exist immediately after the Closing:
(a) liens, Claims or Encumbrances imposed by law, such as carriers’, warehousemen’s, materialmen’s and mechanics’
liens, that: (i) are not material in amount, (ii) will not interfere with the operation of the Business or Seller’ right
to use the property subject thereto, and (iii) will be fully discharged by Seller prior to the Closing Date; (b) liens, liabilities
or Encumbrances that will be discharged and satisfied in full by Seller at the Closing, or that secure obligations that are taken
into account in calculating the Closing Net Working Capital; (c) the lien of real estate and personal property taxes or assessments
not yet due and payable or being contested in good faith and for which appropriate reserves have been established in accordance
with GAAP, provided that such reserves are taken into account in computing the Closing Net Working Capital; and (d) as set forth
in Schedule 1.1-C.

 

“Person” means
an individual human being, corporation, association, joint venture, general or limited partnership, limited liability company,
trust, business, individual, government or political subdivision thereof, or Governmental Authority or authority, or any other
legal entity.

 

“Plan” means a
plan, program, policy, practice, contract, agreement or other arrangement providing for severance, vacation, termination pay, performance
awards, stock or stock-related awards, fringe benefits or other employee benefits of any kind, including without limitation, any
“employee benefit plan” within the meaning of Section 3(3) of ERISA, which is now or has been at any time maintained,
contributed to, or required to be contributed to, for the benefit of any Employee and for which there may be any liability.

 

“Pre-Closing Certificate”
means as such term is defined in Section 3.3 of this Agreement.

 

“Product Claims” means
as such term is defined in Section 7.4 of this Agreement.

 

“Restrictive Agreements”
collectively means any and all noncompetition agreements, nondisclosure agreements, nonsolicitation agreements, nondisparagement
agreements, confidentiality agreements and those agreements that contain any noncompetition, nondisclosure, nonsolicitation, nondisparagement
and/or confidentiality terms or provisions.

 

“Schedule” means
the schedules that are attached to or referenced in this Agreement, and all such schedules are incorporated into this Agreement
as if reproduced herein.

 

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“Seller’s Approval”
means the votes or approvals of the Seller necessary to execute this Agreement and to consummate the transactions contemplated
hereby substantially on the terms set forth herein.

 

“Seller’s Knowledge”
and “Knowledge of the Seller” each means the Knowledge of the Seller and the Seller Members.

 

“Target Net Working Capital”
means $2,185,000.00

 

“Tax” or “Taxes”
means: (a) all taxes, charges, fees, levies or other assessments (whether federal, state, local, or foreign), including, without
limitation, income (whether net or gross), excise, franchise, real or personal property, sales, transfer, gains, gross receipts,
occupation, privilege, payroll, wage, unemployment, workers’ compensation, social security, national health contributions,
pension and employment insurance contributions, use, value added, capital, license, severance, stamp, premium, windfall profits,
environmental, capital stock, profits, withholding, disability, registration, customs duties, employment, alternative or add-on
minimum, estimated or other tax of any kind whatsoever (whether disputed or not), including, without limitation, any related charges,
fees, interest, penalties, additions to tax or other assessments; (b) all liabilities for the payment of any amounts as a result
of being a member of an Affiliated, combined, or unitary group or as a result of any tax-sharing, tax allocation, tax indemnification
or similar agreement; and (c) all penalties and interest arising from or related to the foregoing taxes, charges, fees, levies,
assessments and/or liabilities.

 

“Tax Returns” means
all federal, state, local and foreign returns, estimate, information statements and reports (including any schedules or exhibits
thereto or any amendments thereof) with respect to Taxes. Without limiting the generality of the foregoing, “Tax Returns”
shall specifically include therein (but shall not be limited to) the Seller’s federal and state income tax returns for fiscal
years 2014, 2015 and 2016 attached hereto as part of Schedule 5.7.

 

“Title” and “Titles”
means as such terms are defined in Section 4.2 of this Agreement.

 

“Titled Asset” and
“Titled Assets” mean as such terms are defined in Section 5.3 of this Agreement.

 

“Transaction Documents”
and “Transaction Document” collectively and individually each mean this Agreement and all documents referred
to in this Agreement, including but not limited to the Purchase Note, Lease Agreements, those described in Article 4 of this Agreement
and/or in the list of exhibits attached hereto.

 

“Union” means
any union, labor union, workers council, labor organization and any entity similar to the foregoing.

 

1.2           Accounting.
Unless otherwise specified herein, all accounting terms used herein shall be interpreted in accordance with GAAP.

 

ARTICLE 2

PURCHASE AND SALE OF ASSETS

 

2.1           Purchase
and Sale of Assets. At the Closing, the Seller shall sell, assign, convey, bargain, grant and deliver to Buyer, and Buyer
shall purchase and acquire from the Seller, all on the terms and conditions hereinafter set forth, all of the assets, and rights
of the Seller, which shall include all assets used, held for use or useful in the operation of the Business, of every type and
description, including, but not limited to customer contracts and lists and the telephone number(s), domain names and Internet
IP addresses associated with the Business, wherever located, tangible and intangible, vested or unvested, contingent or otherwise,
as the same shall exist on the Closing Date, whether or not recorded on the books and records of the Seller and whether or not
described herein or in any of the exhibits or Schedules delivered or to be delivered to Buyer hereunder, all of which is set forth
in Schedule 2.1 (collectively, the “Assets”) other than the Excluded Assets. Such Assets shall be conveyed
free and clear of all Encumbrances, other than Permitted Encumbrances. Without in any way limiting the generality of the foregoing,
the Assets shall include the following:

 

(a)          All
fixed assets of the Seller’s personal property, plant, equipment, improvements, leasehold interests and other operating
and related facilities of the Seller, and all owned motor vehicles, tools, machinery, office and computer equipment,
furniture and fixtures used, held for use or useful in the ordinary course of Business, wherever located, including any
equipment purchased following the expiration of a lease;

 

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(b)          all
accounts receivable (including accounts receivable-manufacturers’ Claims, all rights to refunds (including but not
limited to accounts receivable and refunds), rebates, reimbursement and other Claims) and all other accrued revenues and
receivables;

 

(c)          all
inventories (including, without limitation, inventories of materials, finished goods, work in progress, spare parts, other
supplies, and Obsolete Inventory,) used, held for use, useful or maintained by the Seller, wherever located (including
inventory in transit to the Seller on the Closing Date and inventory subject to irrevocable purchase orders), as well as all
supplies used, held for use, useful or maintained by the Seller, and on hand on the Closing Date, and which shall be
maintained at normal operating levels, consistent with the Seller’s past practices through the Closing Date;

 

(d)          all
rights and benefits under all Material Agreements and all other consents, permits, licenses ,instruments and other agreements relating
to the operation of the Business, including any such agreements, consents, Licenses and Permits and instruments entered into by
the Seller with respect to the Business prior to the Closing Date provided that Buyer pays any license transfer fees;

 

(e)          all
drawings, blueprints, plans and processes, and all technical information and engineering data, developed or acquired by the Seller
and used, useful or held for use in connection with the Business;

 

(f)          all
files of correspondence, lists, records (including financial records), manuals and books of account of the Seller maintained
or kept in connection with the Business (in whatever medium they are stored), including, without limitation, those concerning
past, present and prospective customers of the Business and compliance with all Legal Requirements of any federal, state or
local regulatory agency or other Governmental Authority;

 

(g)          all
computer software, Intellectual Property and Know-how (including registrations and applications for registration of any of
them) used, useful or held for use in connection with the operation of the Business, together with the goodwill associated
therewith;

 

(h)          all
of the rights of the Seller under manufacturers’ and vendors’ warranties relating to items included in the Assets;

 

(i)          all
of the Claims or causes of action of the Seller relating to the Business or the Assets, including Claims and causes of action
for infringement of the Seller’s Intellectual Property or Know-how (whether or not heretofore asserted) and Claims
under the Seller’s insurance policies for damage to Assets and Claims for refunds or rebates;

 

(j)          deposits
or cash payments made to the Seller in respect of any and all open customer orders accepted by the Seller prior to Closing in the
ordinary course of business, all of which are set forth in Schedule 2.1;

 

(k)          all
prepaid rent, prepaid freight and other prepaid expenses, all deposits and prepayments paid to the Seller and any and all
rights in respect of advances or loans made by the Seller to any Person, including any Employee;

 

(l)          all
Orders and

 

2.2           Excluded
Assets. Anything in the foregoing to the contrary notwithstanding, there shall be expressly excluded from the Assets the
following (the “Excluded Assets”):

 

(a)          Title
to the Business Locations;

 

(b)          all
cash, cash equivalents and marketable securities of the Seller;

 

(c)          all
Plans, including any assets thereof;

 

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(d)          the
Seller’s ownership records, Tax Returns, and limited liability company tax returns and supporting schedules (but the Seller
shall provide photocopies of all of the foregoing, to the Buyer);

 

(e)          all
Indebtedness owed to the Seller by any Seller Members; and

 

(f)          insurance
policies and any prepaid insurance premiums of the Seller and any records relating thereto; and

 

(g)          all
Hazardous Materials.

 

(h)          The
mobile phone numbers and laptop computers of Seller Members

 

2.3           Contracts,
Rights and Obligations. Anything in this Agreement to the contrary notwithstanding, neither the execution of this Agreement
nor the consummation of the transactions contemplated hereunder shall constitute an assignment of any contract, license, lease,
permit, commitment, sales order, purchase order or any claim or other rights of the Seller if an attempted assignment thereof,
without the consent of a third party thereto, would constitute a breach thereof or cause a Material Adverse Effect with respect
to the rights of the Buyer thereunder or the right of the Buyer to continue to conduct all or any part of the Business in the manner
and on the terms currently enjoyed by the Seller. Buyer acknowledges that it shall pay the cost of any licenses used to operate
the Business. If such consent has not been obtained, or if an attempted assignment thereof would be ineffective or would affect
the rights of the Seller or the Buyer thereunder so that the Buyer would not in fact receive all such rights or would cause a Material
Adverse Effect with respect to the obligations of the Seller or the Buyer thereunder, the Seller and the Buyer will cooperate with
each other in any reasonable arrangement requested by the Buyer designed to provide for the Buyer, at no greater expense to the
Buyer than would have been incurred had the consent been obtained, the benefits under any contract, license, lease, permit, commitment,
claim, sales order or purchase order, including enforcement for the benefit of the Buyer of any and all rights of the Seller against
a third party thereto arising out of the breach or cancellation by such third party or otherwise.

 

2.4           Collection
of Receivables. From and after the Closing Date, the Buyer shall have the right to receive and open all mail, packages
and other communications addressed to the Seller and relating to the Business or the Assets, and the Seller and Seller Member agree
promptly to deliver to the Buyer any such mail, packages or other communications received directly or indirectly by the Seller,
other than those exclusively relating to Excluded Assets. The Buyer shall have the right and authority to collect, for the Buyer’s
account, all of the accounts receivables included in the Assets , and the Seller and the Seller Members shall promptly transfer
or deliver to the Buyer any cash or other property received directly or indirectly by the Seller or the Seller Members in respect
of such accounts receivables, including any amounts payable as interest, and such funds will be deemed held in trust for the benefit
of the Buyer until so transferred or delivered by the Seller to the Buyer.

 

2.5           Nonassumption
of Liabilities. (a) The Seller, the Buyer, and the Seller Members hereby acknowledge and agree that the Buyer is purchasing
and the Seller is selling, only certain assets of the Business and that this transaction shall not in any way be deemed to be a
purchase or sale of a going concern or an ongoing business.

 

(b)           Except
as otherwise specifically stated in Sections 2.5, 2.6, 2.7, and 2.8 of this Agreement, the Buyer shall not assume nor be liable
for, and/or have any responsibility with respect to, any debt, Liability, responsibility or obligation of the Seller or the Seller
Members, or any debt, liability, responsibility or obligation of or relating to the Business, whenever arising and whether primary
or secondary, direct or indirect, absolute or contingent, contractual, tortious or otherwise (collectively, the “Nonassumed
Liabilities” and individually a “Nonassumed Liability”). Without limiting the generality of the foregoing,
Nonassumed Liabilities and Nonassumed Liability shall specifically include therein any and all Liabilities for or related to Environmental
Claims or Product Claims resulting or arising from any acts, omissions, facts and/or circumstances occurring or failing to occur
on or before the Closing Date.

 

2.6            Assignment
and Assumption of Certain Contracts. (a) Any and all Liabilities and obligations due, payable and/or arising on or prior
to the Closing Date arising from or related to the Business Locations, shall not be assumed by the Buyer and shall be included
in the term “Nonassumed Liabilities” for all purposes of this Agreement. Seller’s lease related to the Denver
Management Leased Office Space Business Location shall be assumed by Buyer and included in the Assigned Contracts.

 

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(b)          The
Seller shall assign to the Buyer and the Buyer shall assume from the Seller, the Seller’s rights, benefits and payment obligations
due, payable and/or arising after the Closing Date for only those agreements specified in Schedule 2.6(b) (collectively,
the “Assigned Contracts” and individually an “Assigned Contract”). Notwithstanding the foregoing
or anything contained in this Agreement or any Transaction Document to the contrary:

 

		(i)	any and all Liabilities and obligations due, payable
and/or arising on or prior to the Closing Date arising from or related to the Assigned Contracts, shall not be assumed by the
Buyer and shall be included in the term “Nonassumed Liabilities” for all purposes of this Agreement; and

 

		(ii)	neither this Agreement nor any Transaction Document will
constitute an agreement to assign any Assigned Contract or any claim or any right or benefit arising thereunder or resulting therefrom
if an attempted assignment thereof, without the consent of the other Person that is party thereto, would constitute a breach thereof.

 

Seller and Seller Members shall use reasonable efforts to obtain
the consent of the other Person that is party to any Assigned Contract to the assignment of same to Buyer in all cases where such
consent is required for assignment or transfer. If such consent is not obtained, Seller shall cooperate with Buyer in any reasonable
arrangement designed to provide for Buyer the benefits under such Assigned Contract subject to Buyer accepting and performing the
obligations to be assumed under such Assigned Contract.

 

2.7           Assignment
of Customer Orders and Purchase Orders. Subject to the terms and conditions set forth herein, the Seller shall assign to
the Buyer all of the Seller’s right, title and interest in the customer orders, purchase orders and work-in-process described
in Schedule 2.7 (“Orders”).

 

2.8           Trade
Payables. The Seller shall assign to the Buyer and the Buyer shall assume from the Seller, the Seller’s rights, benefits
and payment obligations due for those of the Seller’s trade payables which are: (a) included in the Closing Date Balance
Sheet and in the Closing Net Working Capital; and (b) specifically described and set forth in Schedule 2.8 (collectively,
the “Trade Payables”).

 

2.9           Lease.
(a) At Closing, the Buyer and BVI, LLC, shall mutually execute the Lease Agreement attached hereto as Exhibit A-1, for the
Denver Ready Mix Plant and the Lease Agreement attached hereto as Exhibit A-2 for the Castle Rock Ready Mix Plant (collectively
“Lease Agreements”). Without limiting the specificity of the Lease Agreements, such leases granting the Buyer an exclusive
ten (10) year tenancy, with two (2) five (5) year options, exercisable in the sole discretion of the Buyer, to extend the term
thereof Throughout the term of the Lease Agreements, the Buyer shall cover all operating costs associated with the Buyer’s
use of these two Business Locations, and remit $11,000 per month as escalated annually to BVI, LLC for each Business Location leased
by the Buyer. The Lease Agreements will be guaranteed by RMR Industrials, Inc. Prior to Closing the Parties shall perform, and
jointly share the cost of, Phase I Investigations for the Lease Agreement Premises.

 

(b)          Prior
to or at Closing, the Seller or the Seller Members shall present proof to the Buyer that any existing leases applicable to either
the Denver Ready Mix Plant Business Location, or the Castle Rock Ready Mix Plant Business Location has been terminated prior to
the Closing.

 

2.9           Purchase
Option. The Lease Agreements provide the Buyer with the option to purchase the Lease Premises on the terms set forth in
the Purchase Options attached as Exhibits A-3 and A-4 (“Purchase Options”). .

 

ARTICLE 3

PURCHASE PRICE AND ADJUSTMENTS

 

3.1           Purchase
Price.

 

(a)          Subject
to adjustments provided in this Agreement (including, but not limited to, those contained in Section 3.3 hereof), the
purchase price for the sale of the Assets under this Agreement (the “Purchase Price”) shall be equal to
the sum of Fifty Four Million dollars ($54,000,000). The Purchase Price shall be payable in accordance with the terms and
provisions of this Agreement.

 

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(b)          The
Buyer shall deposit fifty thousand dollars ($50,000) into a mutually acceptable escrow account upon execution of this
Agreement (the “Deposit”). The Deposit shall be non-refundable to the Buyer in the event the Closing does
not occur; provided, however, that if the Seller terminates this Agreement prior to the Closing, the Deposit shall be
returned to the Buyer within five (5) days of Seller’s termination of this Agreement. If the Agreement is not
terminated, the Deposit shall be paid to Seller as part of the Purchase Price.

 

(c)          The
Buyer shall remit Thirty Nine Million Nine Hundred and Fifty Thousand dollars($39,950,000) to the Seller at the Closing by the
delivery of cash (by wire transfer) (the “ Closing Cash”). The Seller and the Buyer shall mutually agree to
how the Closing Cash shall be allocated prior to the Closing between the: (i) Business Assets; (ii) Business goodwill; and (iii)
the Noncompetition Agreement.

 

(d)          Subject
to the provisions of Section 3.2 and the adjustments in Section 3.3(c)(iii), delivery to Seller of the Promissory Note
attached as Exhibit D providing for the payment of Ten Million Dollars ($10,000,000) payable in three equal payments in cash
or stock, as mutually agreed by the Buyer and the Seller, in the event the Buyer’s parent company, RMR Industrials,
Inc., becomes listed on either the NYSE or the NASDAQ, on the first, second and third anniversary of the Closing Date and
acceleration upon Buyer’s uncured default of a Transaction Document (“Purchase Note”). RMR Industrials,
Inc. shall be a co-maker of the Purchase Note. If the parties mutually agree on Buyer’s use of stock to satisfy an
annual payment under the Purchase Note, then the following provisions must be satisfied: i) The stock shall be the common
stock of RMR Industrials, Inc., a Nevada corporation (“RMR Stock”), ii) The RMR Stock has a fair market value
equal to the payment then due on the Purchase Note, iii) The RMR Stock has been listed for sale to the public on either the
NYSE or the NASDAQ stock exchanges, iv) The RMR Stock has been issued to Seller; v) The RMR Stock may be immediately be sold
by Seller without restriction or penalty; and vi) The RMR Stock is not the subject of any halt in trading order or bankruptcy
proceedings.

 

(e)          The
Buyer shall also issue the Seller Four Million dollars ($4,000,000) in equity compensation, which shall be the issuance of
common stock in the Buyer’s parent company, RMR Industrials, Inc., and which will be fully issued at Closing and vest
in the Seller equally over a three (3) year period on each anniversary of the Closing. The governing documents for the stock
shall: i) provide that the shares issued have the same rights as all other common stock that is listed and traded; and ii)
contain tag-along rights regarding any secondary sale of common stock on a pro-rata basis,

 

(f)          The
parties shall mutually agree on the allocation of the Purchase Price.

 

3.2           Purchase
Note.

 

Seller agrees and covenants to the Buyer
that:

 

		(a)	Upon the request of the Buyer (whether at the Closing
or otherwise), the Seller shall execute and deliver to the Buyer a commercially reasonable subordination agreement subordinating
the Purchase Note to the loan obligations of Buyer to Buyer’s lender with which the Buyer has loan obligations as of the
Closing Date (the “Subordination Agreement”)

 

		(b)	The Purchase Note shall be subordinated to the indebtedness,
security interests owed to the Buyer’s Lender pursuant to the terms and provisions of the Subordination Agreement.

 

		(iii)	The Seller shall promptly execute and deliver to the
Buyer any and all commercially reasonable agreements and other similar documents reasonably required by the Buyer’s Lender
in connection with the Subordination Agreement.

 

		(iv)	The Seller shall promptly execute and deliver to the
Buyer any and all replacements of and/or substitutions for the Subordination Agreement so long as the terms and provisions of
such substitute and replacement for the Subordination Agreement impose substantially the same obligations on the Seller as the
original version of the Subordination Agreement first executed by the Seller, and for the purposes of this Agreement, the term
“Subordination Agreement” shall include therein any and all such substituted and replacements therefor.

 

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3.3           Adjustments;
Computation of Net Working Capital.

 

(a)          The
amount of the Purchase Price shall be adjusted pursuant to the terms and provisions of this Section. Pursuant to the terms
and provisions of this Section, the Purchase Price under Section 3.1 above, shall be: (i) decreased by the amount by which
the Closing Net Working Capital is less than the Target Net Working Capital; and (ii) increased by the amount by which the Closing
Net Working Capital is greater than the Target Net Working Capital. Any adjustments to the Purchase Price required to be made pursuant
to the provisions of this Section shall be made in accordance with the detailed provisions regarding such adjustments described
in Section 3.3(c).

 

(b)          The
parties shall jointly agree in writing to their joint and good faith estimate of the Closing Net Working Capital (“Closing
Estimated Net Working Capital”) and the related adjustment to the Purchase Price calculated as of the Closing Date and
in accordance with GAAP and the terms and provisions of Section 3.4 hereof, and accompanied by reasonably detailed documentation
supporting the calculations set forth therein (collectively, the “Pre- Closing Certificate”). The Closing Estimated
Net Working Capital and the Pre-Closing Certificate are included in the term “Financial Statements” for all
purposes of the representations and warranties contained in Section 5.10 hereof. Notwithstanding the foregoing or any term
or provisions of this Agreement and/or the other Transaction Documents to the contrary, any comments to and/or acceptance of the
Closing Estimated Net Working Capital by the Buyer or the Seller, shall in no way diminish, affect or preclude the Parties’
respective rights, remedies, duties, obligations, indemnifications, Claims and/or Demands under this Agreement and/or the other
Transaction Documents (including, but not limited to, the rights and remedies of the indemnifications contained in Article 9
of this Agreement) except as to the extent actually included in the Section 3.3 adjustments. For purposes of clarification,
the value of Obsolete Inventory shall not be included in calculation of Closing Estimated Net Working Capital, Target Net Working
Capital, Closing Net Working Capital or Working Capital.

 

(c)          The
Parties shall close the transactions contemplated by this Agreement using the Closing Estimated Net Working Capital as a temporary
estimate of the Closing Net Working Capital (with the appropriate post- Closing adjustments thereto as provided herein), and:

 

		(i)	If the Closing Estimated Net Working Capital exceeds
the Target Net Working Capital, then for the purposes of the Closing, the amount of such excess shall be added on a dollar for
dollar basis to the amount of the Purchase Price, and Buyer shall remit the same to Seller within sixty days after Closing.;

 

		(ii)	If the Closing Estimated Net Working Capital is equal
to the Target Net Working Capital, then for the purposes of the Closing, no change need be made to the amount of the Purchase
Price or the Closing Cash for purposes of the Closing; and

 

		(iii)	If the Closing Estimated Net Working Capital is less
than the Target Net Working Capital, then for purposes of the Closing, the Purchase Price shall be reduced on a dollar for dollar
basis and Seller shall remit the same to Buyer within sixty days after Closing. .

 

(d)          As
soon as practicable, but no later than thirty (30) Business Days after the Closing Date, the Buyer shall deliver to Seller, financial
statements of the Business as of the Closing Date, and such financial statements as of the Closing Date shall include each of the
following:

 

		(i)	A balance sheet of the Business, prepared in accordance
with GAAP (the “Closing Date Balance Sheet”) and accompanied by reasonably detailed supporting schedules and
documentation;

 

		(ii)	a calculation of the Closing Net Working Capital derived
from the Closing Date Balance Sheet;

 

		(iii)	the Buyer’s calculation of the adjustments (if
any) to the Purchase Price as determined: (A) based on the Closing Net Working Capital derived from the Closing Date Balance Sheet;
and (B) in accordance with the terms and provisions of Section 3.3(g) and 3.3(h).

 

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(e)          The
Seller shall have full right to review and verify the information delivered pursuant to Subsection (d) of this Section above, including
the right to review the work papers, records, files and any other information related to the Business prior to the Closing. If
the Seller disputes the calculation of any element of the Closing Net Working Capital or any of the amounts calculated pursuant
to Subsection (d) of Section, the Seller shall so advise the Buyer by written notice (the “Dispute Notice”)
delivered within thirty (30) Business Days after receipt by the Seller of the Closing Date Balance Sheet. If Seller and Buyer are
unable to resolve such dispute within fifteen (15) Business Days after the date of such notice of dispute, then at the request
of any Party, such dispute shall be resolved by a regional or national accounting firm mutually agreeable to counsel for the Buyer
and counsel for the Seller (the “Designated Accountant”), and the determination of the Closing Net Working Capital
by the Designated Accountant shall be conclusive and final and binding on the Parties hereto. The Designated Accountant will be
directed to use its good faith, commercially reasonable efforts to complete its determination within forty five (45) Business Days
after the dispute is referred to it.

 

(f)          If
counsel for the Buyer and counsel for the Seller are unable to agree upon an accounting firm to act as Designated Accountant within
twenty (20) Business Days of the delivery of the Dispute Notice, then either the Seller or Buyer may request the AAA to designate
a firm of certified public accountants to act as the Designated Accountant. If the AAA is unable to designate a firm of certified
public accountants which will act as the Designated Accountant within sixty (60) Business Days of being requested to do so, then
the Closing Net Working Capital shall be determined by a single arbitrator appointed by the AAA upon application of any Party and
pursuant to an arbitration proceeding in Denver, Colorado, held in accordance with the then Commercial Arbitration Rules of the
AAA. The cost of retaining the Designated Accountant, such firm of certified public accountants and such arbitrator, if any, shall
be borne one-half by Seller, and one-half by Buyer. The determination by the Designated Accountant or such firm or arbitrator of
the Closing Net Working Capital shall be conclusive and not subject to dispute or review, and judgment thereon may be entered in
any court of competent jurisdiction.

 

(h)          In
addition to (and without limitation of) the Buyer’ rights and remedies therefor at law, in equity, under this Agreement and/or
under the other Transaction Documents, the Buyer shall have the right to off-set such remaining shortfall against any and all amounts
owed by the Buyer to any or all of the Seller in accordance with Section 7.3 herein

 

3.4           Net
Working Capital.

 

		(a)	For the purposes of this Agreement, “Net Working
Capital” means the amount resulting from the following formula:

 

		(i)	the amount of those of the Assets to be purchased by
the Buyer which are current assets (excluding cash but including, but not limited to, accounts receivable and Salable Inventory;
see Subsections (c) and (d) below); and

 

		(ii)	minus the amount of current Liabilities of the Seller
assumed by the Buyer pursuant to the terms and provisions of this Agreement and/or the other Transaction Documents (including,
but not limited to, the Trade Payables).

 

where such amounts shall be determined on a GAAP basis as consistently
applied and pursuant to the terms and provisions of this Agreement.

 

(b)          In
determining Net Working Capital, all Liabilities and all fiscal year adjustments and accruals usually made by the Seller, either
during or at the end of a fiscal year (including, but not limited to, employee bonuses, vacation pay [including, but not limited
to, all unpaid vacation pay earned as of the Closing Date], taxes and product liability lawsuits), shall be accrued and applied
in such determination subject to the same limitations to financial statement preparation requirements set forth in the definition
of Closing Date Balance Sheet in Section 3.3(d)(i). Additionally, the current portion of the tax liabilities set forth in
Section 5.7 shall be included in the total current Liabilities owed of Seller. Without limiting the generality of the foregoing,
in determining the Net Working Capital, the current Liabilities shall include therein (but shall not be limited to) all pre-payments
and security deposits paid to or deposited with the Seller by any customer for the purchase of products or services from the Seller
(collectively, “Customer Pre-Payments”) which have not been completed and shipped or rendered prior to the Closing
Date.

 

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(c)          In
determining Net Working Capital, accounts receivable which are outstanding beyond ninety (90) days from the date of invoice or
are due from an entity which is in federal bankruptcy or a state law debtor/creditors proceeding shall not be included as an asset
solely for purposes of determining Net Working Capital. To the extent their exclusion causes a Purchase Price and Closing Cash
adjustment, in the event of subsequent collection by the Buyer of the excluded accounts receivable, the proceeds shall be paid
to Seller within thirty (30) days of collection by the Buyer.

 

(d)          In
determining Net Working Capital, the determination of the value of items of the raw material inventory, finished goods inventory
and work-in-process (collectively, “Salable Inventory”) included in the computation of the Net Working Capital:

 

		(i)	Salable Inventory shall not include Non-Salable
Products (as defined herein) for the computation of the Net Working Capital and shall be determined as follows:

 

		(A)	A physical inventory shall be taken on or about the Closing
Date, conducted jointly by representatives of the Seller and the Buyer, of the raw material inventory, finished goods inventory
and work-in-process. Such physical inventory counts shall be adjusted for subsequent shipments and receipts up to the Closing
Date, where any such adjustments must be identified and agreed upon by the Closing Date.

 

		(B)	The cost of the Salable Inventory shall be determined
on a basis consistent with that employed in the completion of the December 31, 2016 Financial Statements to the extent not inconsistent
with GAAP, excluding the cost of Non-Salable Products (as specified below).

 

		(C)	“Non-Salable Products” shall mean
those materials or products which are: (1) not merchantable, (2) defective, (3) damaged, (4) slow-moving, (5) Obsolete Inventory,
and (6) as otherwise prescribed by GAAP. The Buyer and the Seller shall mutually agree as to which of the Seller’s inventory
constitutes Non-Salable Products on the Closing Date.

 

		(D)	The value of Salable Inventory shall exclude the addition
of Code Section 263A costs.

 

		(E)	Inventory which would otherwise qualify as Salable Inventory
but is in transit, will be a part of the Salable Inventory and, correspondingly, the invoice and shipping costs shall be a part
of accounts payable.

 

		(F)	The Buyer will provide the Seller with a written list
of products and materials to be either, at Seller’s’ election (i) removed from Inventory included within the Estimated
Closing Date Balance Sheet and Closing Date Balance Sheet by Seller, or (ii) valued at $0.01 or less, and items on such list shall
be excluded from Salable Inventory and Estimated Closing Date Balance Sheet and Closing Date Balance Sheet and shall be deemed
Non-Salable Products.

 

		(ii)	The Salable Inventory shall be valued at the lower of
the Seller’s actual cost therefor or fair market value thereof.

 

ARTICLE 4

CLOSING TRANSACTIONS

 

4.1           Closing
Date. On the terms and provisions of this Agreement and subject to the conditions set forth in this Agreement (including,
but not limited to, the closing conditions contained in Article 8 hereof), the closing of the transaction contemplated by this
Agreement (the “Closing”) shall take place on or before June 30, 2017 date and at such place as shall be agreed
upon by counsel for the Buyer and counsel for the Seller (the “Closing Date”).

 

4.2           Items
to Be Delivered by the Seller and/or the Seller Members to the Buyer at Closing. At the Closing, the Seller and/or the
Seller Members shall deliver (or cause to be delivered) to the Buyer the following items duly executed by the Seller and/or such
other Persons, as appropriate:

 

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(a)            A
bill of sale substantially in the form set forth as Exhibit B attached hereto, together with such other documents
or instruments as the Buyer determines is appropriate to transfer the Assets and consummate the transactions contemplated herein;

 

(b)            An
assignment of intangibles substantially in the form of Exhibit B attached hereto;

 

(c)            Executed
Lease Agreements in the form of Exhibit A;

 

(d)            All
titles for all of the Assets (including, but not limited to, all motor vehicles and trailers) for which the applicable Legal Requirements
require that ownership thereof be evidenced by a title. Seller shall assist Buyer after Closing in transfer the titles to the Buyer
(collectively the “Titles” and individually a “Title”);

 

(e)            The
Noncompetition Agreement described in Section 7.1 of this Agreement;

 

(g)            Seller
shall provide Tax Clearance Certificates to Buyer from the Colorado Department of Revenue, Colorado Department of Labor, City of
Denver and Castle Rock demonstrating that Seller has satisfied all Tax obligations in Colorado.

 

(h)            Certified
consent resolutions of the members of the Seller, authorizing the transactions contemplated by this Agreement; and

 

(i)            A
certificate of the Seller complying with the requirements of Section 8.1 of this Agreement.

 

(j)            Denver
Ready Mix Plant and Castle Rock Ready Mix Plant lease terminations;

 

4.3           Items
to be Delivered by the Buyer to the Seller at Closing. At the Closing, the Buyer shall deliver to Seller the following
items duly executed by the Buyer:

 

(a)            The
Executed Lease Agreements in the form of  Exhibit A;

 

(b)            The
Noncompetition Agreement;

 

(c)            Certified
consent resolutions of the shareholders of the Buyer authorizing the transactions contemplated by this Agreement;

 

(d)            The
Closing Cash (by wire transfer);

 

(e)            Purchase
Note

 

(f)            A
certificate of the Buyer complying with the requirements of Section 8.2 of this Agreement.

 

(g)            Stock
Certificates in RMR Industrials, Inc.

 

4.4           Tax
Reporting. The Purchase Price shall be allocated as set forth on Schedule 4.4. The Buyer and the Seller agree that the
foregoing allocation is a reasonable and fair estimate of the respective fair market values of the items identified herein and
that the Buyer and the Seller are relying upon, and each covenant that it shall utilize, the foregoing values for tax reporting
purposes, including without limitation, for the purposes of preparing and filing IRS Form 8594 (a completed copy of which is attached
to Schedule 4.4), and agree to furnish to the other, upon request, such data and documentation as may be available to support such
values.

 

4.5           Further
Assurances. From time to time, at any Party’s request, and without further consideration, each Party hereto shall
duly execute, acknowledge, deliver and perform all such further acts, deeds, assignments, transfers and conveyances as may be reasonably
required to convey to and vest Seller’s right, title and interest in RMR Industrials, Inc. and the Buyer’s the right,
title and interest in and to the Assets, and shall take such other action and execute such other instruments as such Party may
reasonably request to more effectively carry out the intent of this Agreement.

 

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ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF
SELLER AND SELLER MEMBERS

 

As a material inducement to the Buyer to
enter into this Agreement, the Seller and the Seller Members represent, warrant, and covenant to the Buyer that each and all of
the representations, warranties and statements made by the Seller and/or the Seller Members in this Agreement (including, but not
limited to, the following representations and warranties in this Article 5) are true, correct and complete as of the date of this
Agreement and shall be true, correct and complete as of the Closing Date. The representations and warranties of the Seller are
based on the Seller’s Knowledge.

 

5.1           Organization.
(a) The Seller is a limited liability company duly formed, validly existing, and in good standing under the laws of Colorado.

 

(b)           The
Seller has delivered to the Buyer true, correct and complete copies of the following organizational documents for the Seller (collectively
the “Organizational Documents” and individually an “Organizational Document”):

 

(i)            the
operating agreement of the Seller;

 

(ii)           any
other similar instrument or document adopted or filed in connection with the formation, organization, and/or governance of the
Seller; and

 

(iii)           any
and all amendments to any of the foregoing.

 

(c)           This
Agreement has been duly executed and delivered by the Seller and the Seller Members and constitutes the legal, valid, and binding
obligation of each Seller and the Seller Members, enforceable against each Seller and the Seller Members in accordance with its
terms.

 

(d)           The
Seller is duly licensed or qualified and is each in good standing in each jurisdiction which they are required to be so licensed
or so qualified.

 

5.2           Authorization.
(a) The Seller has full company power and authority to execute, deliver and perform its obligations under this Agreement and the
other Transaction Documents, and to consummate the transactions contemplated by this Agreement and the other Transaction Documents.
This Agreement, the other Transaction Documents and all transactions contemplated by this Agreement and/or the other Transaction
Documents, have been duly and validly authorized by all necessary action on the part of the Seller. The Seller: (i) has all requisite
power and authority, and has all governmental licenses, authorizations, consents and approvals, necessary to own its respective
Assets and carry on the Business as presently conducted; and (ii) is qualified to do business in all jurisdictions in which the
nature of the business conducted by the Seller makes such qualification necessary, which jurisdictions includes only the state
of Colorado.

 

(b)          The
Seller Members are not under any legal disability or mental disability, and the Seller Members have the full power and the legal
capacity to execute, deliver, carry out, and perform the Seller Members’ obligations under this Agreement, and the other
Transaction Documents to which the Seller Members are a party.

 

(c)          This
Agreement and the other Transaction Documents and the consummation of the transactions contemplated in such documents, have been
duly executed and delivered by the Seller and the Seller Members, and this Agreement and the other Transaction Documents constitute
valid and binding obligations the Seller and the Seller Members, enforceable against the Seller and the Seller Members according
to their terms.

 

(d)          Neither
the execution and delivery of this Agreement or of any of the other Transaction Documents by the Seller nor the consummation or
performance by the Seller of any of the transactions contemplated by this Agreement or by the other Transaction Documents shall,
directly or indirectly, breach, contravene, conflict with, result in a default on or result in a violation of:

 

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		(i)	the Organizational Documents;

 

		(ii)	any Legal Requirement, ordinance, law, injunction, decree
or regulation of any court, governmental authority or arbitration tribunal; and/or

 

		(iii)	any indenture, agreement, promissory note, mortgage,
security agreement or other instrument to which the Seller and/or the Seller Members is/are a party, or by which the Seller and/or
the Seller Members are/is bound.

 

5.3           Assets.
(a) The Seller has full, good and marketable title to all of the Assets, and there are no mortgages, liens, pledges, Claims, charges,
security interests, conditional sales agreement, restrictions or Encumbrances of any kind or nature whatsoever on any of the Assets.

 

(b)          The
Assets constitute all of the assets (exclusive of real property and the Excluded Assets) used by Seller in and for the conduct
of the Business as it is presently conducted by the Seller.

 

(c)          As
of the Closing Date, all the Assets will be in a condition as customarily maintained by Seller, are suitable for the purpose for
which they are presently being used, are not in need of maintenance or repair other than ordinary and routine maintenance and repair
and conform to all applicable ordinances, rules, regulations and technical standards, and all other applicable Legal Requirements.

 

(d)          As
of the Closing Date, except as is set forth in Schedule 5.2, there will be no Uniform Commercial Code, tax or judgment liens
or Encumbrances in effect against the Seller or any of the Assets.

 

(e)          Schedule
2.1 sets forth an accurate and complete list of all the tangible personal property and intangible property of the Seller except
for the Excluded Assets.

 

(f)          Neither
the Seller nor the Seller Members have received any citations or notices to the effect that the Seller or any of the Seller’s
Assets do not comply with all applicable government laws, regulations or Legal Requirements.

 

(g)          All
of the Assets of the Seller are physically located at the Business Locations.

 

(h)          The
Seller’s inventory and supplies are merchantable, suitable, usable and saleable in the ordinary course of the Business as
conducted by the Seller. The Assets include a sufficient (but not excessive) quantity of each type of such inventory and supplies
in order to meet the normal requirements of the Seller’s business and operations.

 

(i)          During
the five (5) year period ending on the Closing Date, there have been no material modifications or changes to the products manufactured,
or sold by the Seller.

 

(j)          Seller
does not offer product warranties.

 

(k)          Schedule
5.3 sets forth: (i) a list of all of the Assets for which the applicable Legal Requirements require that ownership thereof
be evidenced by a Title (collectively the “Titled Assets” and individually a “Titled Asset”);
and (ii) the corresponding title identification number for each Titled Asset. The Titles executed and delivered by the Seller to
the Buyer at the Closing, represent all of the Titles for all of the Titled Assets. The Titles are in proper form for transfer,
assignment and conveyance of the Titled Assets to the Buyer.

 

5.4           Consents.
Subject to the receipt of the consents and approvals of the equity owners of Seller, neither the execution, delivery or performance
of this Agreement and/or the other Transaction Documents by the Seller nor the consummation of the transactions contemplated by
this Agreement and/or the other Transaction Documents will, with or without the giving of notice or the passage of time or both,
conflict with, result in a default (or give rise to any right of termination, cancellation or acceleration) under, or result in
the creation of any lien, claim or Encumbrance, pursuant to: (a) any provision of the Organization Documents of the Seller; (b)
any Material Agreement; or (c) any Legal Requirement, law, order, judgment, ordinance, rule, regulation or decree to which the
Seller is a party or by which any of the Assets of the Seller are bound or affected. Subject to obtaining the Required Consents,
no permit, consent, filing or approval of any third party is required to be obtained or made by the Seller in connection with the
execution and delivery of this Agreement, the other Transaction Documents or the consummation of the transactions contemplated
by this Agreement and/or the other Transaction Documents in order to (i) render this Agreement, the other Transaction Documents
and the transactions contemplated by this Agreement and/or the other Transaction Documents, valid and effective; and (ii) enable
the Seller to sell the Assets to the Buyer and to consummate the transactions contemplated by this Agreement and/or the other Transaction
Documents.

 

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5.5           Litigation.
The following are made to Seller’s Knowledge. Except as described on Schedule 5.5: (a) there are no disputes, attorney
demand letters, charges, grievances, arbitrations, mediations, lawsuits or other proceedings pending with an amount in controversy
exceeding $50,000, in which the Seller is actually named as a party, or, to the Knowledge of the Seller, threatened against or
affecting the Business or the Seller, or any of the properties or Assets thereof, before any court or arbitrator or by or before
any governmental commission, bureau, agency or other regulatory authority; (b) there are no orders, injunctions or decrees of any
court or arbitrator binding on the Seller with respect to the Business; and/or (c) no Product Claims. Hereinafter, any and all
disputes, arbitrations, mediations, lawsuits, Product Claims or other proceedings pending in which the Seller is actually named
as a party, or, to the Knowledge of the Seller, is threatened against or affecting the Business or the Seller, or any of the properties
or Assets thereof, before any court or arbitrator or by or before any governmental commission, bureau or other regulatory authority,
or which is arising from or related to acts, omissions, facts or circumstances occurring or failing to occur on or before the Closing
Date, whether or not described in Schedule 5.5, may be collectively referred to as the “Seller’s Litigation.”
The Seller is not in default under or in violation of any Legal Requirement of any court, arbitrator, governmental commission,
bureau or other regulatory authority. All products, sold or distributed by the Seller were sold free from material defects in materials
and workmanship, and there have been no Claims to the contrary. There are no judgments outstanding against the Seller. The Seller
is not in default under or in violation of or with respect to any Legal Requirements, law, rule, regulation, order, writ, injunction
or decree of any Governmental Authority, court, arbitrator, governmental commission, bureau or other regulatory authority. Compliance
with Law and Instruments. The following are made to Seller’s Knowledge (a) The Seller and the Business are, as of the date
of this Agreement and as of the Closing Date, and have at all times in the past been, in compliance with all Legal Requirements,
laws, ordinances, regulations, statutes, rules, codes, licenses and orders of any Governmental Authority having jurisdiction over
the Seller and/or the Business, including (without limitation) all applicable safety, environmental, equal opportunity, tax and/or
labor law or regulations. No event has occurred or circumstances exist (with or without notice or lapse of time) which: (i) may
constitute or result in a violation by the Seller of or failure on the part of the Seller to comply with, any Legal Requirements,
or (ii) may give rise to any obligation on the part of the Seller to undertake, or bear all or any portion of the cost of, any
remedial action of any nature. Neither the Seller nor the Seller Members have received, at any time since December 31, 2016 any
notice or other communication (whether oral or written) from any Governmental Authority or Person regarding any actual, alleged,
possible or potential violation of or failure to comply with any Legal Requirements or any actual, alleged, possible or potential
obligation on the part of the Seller to undertake, bear all or any portion of the cost of any remedial action of any nature. Without
limitation to the foregoing, Seller warrants that it has timely filed all necessary reports associated with abandoned property
and has timely escheated the appropriate sums to the State entitled to receive the same.

 

5.7           Taxes.
The following are made to Seller’s Knowledge:

 

(a)          Attached
to this Agreement as part of Schedule 5.7 are the Seller’s federal and state income tax returns for fiscal years
2014, 2015 and 2016, and each of such income tax returns are true, correct and complete in all respects. Any and all Taxes
owed by, assessed against, recognized by or accrued for the Seller for any and all periods through and including December 31,
2016, have been paid in full, and any and all Taxes owed by, assessed against or recognized by for the Seller for the fiscal
year ending on December 31, 2016, have either been paid in full or included in and accrued for both in the Closing Date
Balance sheet and in the Closing Net Working Capital. Likewise, all use taxes or other taxes associated with the Assets have
been or will be paid in full prior to closing.

 

(b)          All
Tax Returns required by law with respect to the Seller and the Business to be filed, have been duly and timely filed, and all
Taxes with respect to the Seller and the Business, including Taxes arising from or related to the Seller’s employees,
which are due and payable, have been duly and timely paid by the Seller. All Tax Returns are true, complete and correct in
all respects, and adequate provision has been made for the timely payment of any Taxes attributable to the Seller and the
Business as of the Closing Date.

 

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(c)          The
Seller has properly and adequately withheld from the compensation of the Seller’s employees, officers and directors,
all Taxes required to be withheld by it and has timely and fully remitted such withholdings to the proper taxing
authorities.

 

(d)          Neither
the IRS nor any other Governmental Authority has proposed any additional Taxes against the Seller and/or the Seller Members.

 

(e)          Neither
the Seller nor the Seller Members has granted any extension of the period of limitations applicable to any claim for Taxes arising
with respect to the Business and/or the Seller.

 

(f)          All
amounts received by the Seller on sales which are required under applicable state law to be deposited in trust, have been
deposited in trust, and all federal, state and local income Tax Returns and information returns required to be filed
concerning such trusts and the income from such trusts, have been filed. The Seller has properly reported in income, all
amounts distributed or distributable to it by trusts.

 

(g)          The
amount accrued as a reserve or liability for Taxes in the Seller’s Financial Statements and to be accrued by the Seller
through the Closing Date and included in the Closing Net Working Capital, is and shall be sufficient for payment of all Taxes
of the Seller and is at least equal to the Seller’s liability for such Taxes, whether disputed or not, for the period
ending on the Closing Date and all periods prior thereto.

 

(h)          Except
as disclosed as part of Schedule 5.7, the Tax Returns of the Seller has not been audited by the IRS, the United States
Department of Labor, or any other federal, state or local Governmental Authority. All deficiencies proposed as a result of
any audits of the Seller by any federal, state or local Governmental Authority have been paid, reserved against, settled or,
as described as part of Schedule 5.7, are being contested in good faith by appropriate proceedings. Schedule
5.7 describes all adjustments to the Seller’s Tax Returns and the resulting deficiencies proposed by any
Governmental Authority for such Tax Returns.

 

(i)          Set
forth on Schedule 5.7 is a list of all jurisdictions in which Tax Returns were, or were required to be, filed by the
Seller.

 

5.8           Employees.
(a) Schedule 5.8 is a true, correct and complete list of the current Employees of the Seller together with the positions
they hold and their current rates of compensation and all accrued but unpaid paid time off (including sick leave and vacation).
Without limiting the foregoing, Schedule 5.8 shall also identify each employee whose employment with the Seller terminated
(whether such termination was voluntary or involuntary) during the one hundred eighty (180) day period ending on the Closing Date.
Except as set forth on Schedule 5.8, as of the date hereof and the Closing Date, all compensation, including wages, commissions
and bonuses payable to employees, independent contractors or consultants of the Business for services performed on or prior to
the date hereof and the Closing Date (as appropriate), have been paid in full and there are no outstanding agreements, understandings
or commitments of the Seller with respect to any compensation, commissions or bonuses.

 

(a)          Except
as set forth on Schedule 5.8, the Seller is not, and has not been for the past five (5) years, a party to a collective
bargaining agreement nor is the Seller currently, or during the past twelve month s been, involved in any discussion with any
unit or group seeking to become the bargaining unit for any Employees with respect to the Business. At no time during the
past five (5) years, has any Union been certified to represent any of such Employees or has the Seller experienced a strike,
slowdown, work stoppage, lockout, concerted refusal to work overtime or other similar labor disruption, dispute or material
labor difficulty with respect to the Employees of the Seller involved in the operation of the Business. The Seller has no
duty to bargain with any Union, and the Seller has not agreed, covenanted or promised to have or maintain any continuing
relationship with any Union.

 

(b)          To
Seller’s Knowledge neither the Seller nor the Seller Members has engaged in any unfair labor practice or discrimination
on the basis of race, age, sex or otherwise in its employment conditions or practices with respect to the Employees for which
the Seller will have any liability on or after the Closing Date.

 

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(c)          To
Seller’s Knowledge, Schedule 5.8 contains a true, correct and complete list of all agreements entered into with,
regarding, arising from or related the current Employees of the Seller. To Seller’s Knowledge, the Seller is and has
been in compliance in all material respects with all of the terms of any and all of the agreements listed on Schedule
5.8 and all applicable Legal Requirements pertaining to employment and employment practices. All individuals
characterized and treated by the Seller as consultants or independent contractors of the Business are properly treated as
independent contractors under all applicable Legal Requirements. All employees of the Business classified as exempt under the
Fair Labor Standards Act and state and local wage and hour Legal Requirements are properly classified in all material
respects. .

 

(d)          With
respect to all current Employees (as defined in Section 274a.1(f) of Title 8, Code of Federal Regulations) true and complete
copies of all Forms I-9 (Employment Eligibility Verification Forms) completed pursuant to the immigration laws and
regulations of the United States (“Immigration Laws”) and any and all copies of documentation, records or
other papers retained with Forms I-9 (Employment Eligibility Verification Forms), have been made available to the Buyer prior
to the Closing. The Seller has complied in all material respects with the Immigration Laws with respect to the completion of
Forms I-9 for all Employees and the reverification of the employment status of any and all Employees whose employment
authorization documents indicated a limited period of employment authorization.

 

(e)          With
respect to all former employees who left the employment of the Seller within three (3) years prior to Closing, to
Seller’s Knowledge the Seller has complied in all material respects with the Immigration Laws with respect to the
maintenance of Forms I-9 for at least three (3) years or for one (1) year beyond the date of termination, whichever is later.
True and complete copies of all Forms (I-9) maintained for former employees pursuant to Immigration Laws, and any and all
copies of documentation, records or other papers retained with Forms I-9, will be delivered to the Buyer prior to the
Closing.

 

(f)          To
Seller’s Knowledge, the Seller has only employed in respect of the Business, individuals authorized to work in the
United States. Within the twenty-four (24) months preceding the execution of this Agreement, neither the Seller nor the
Seller Members have received any written notice of any inspection or investigation relating to its alleged noncompliance with
or violation of any immigration law and/or regulation of the United States (“Immigration Laws”) or any labor
laws, nor has it been warned, fined or otherwise penalized by reason of any failure to comply with Immigration Laws.

 

5.9           Material
Adverse Effect. Except as set forth in Schedule 5.9, there has not been any event since December 31, 2016, which
has had or might reasonably be expected to have a Material Adverse Effect on the Business, the Seller, or the Assets.

 

5.10         Financial
Statements. (a) Schedule 5.10 contains true, correct and complete copies of the Financial Statements, including
(but not limited to) the Pre-Closing Certificate. For those of the Financial Statements which are audited, the amounts set forth
therein have been prepared on a GAAP basis, and for those of the Financial Statements which are not audited, the amounts set forth
therein have been prepared on a basis consistent with GAAP. All of the Financial Statements accurately and fairly present the financial
position and results of operations the Seller for the periods covered thereby. Schedule 5.10 sets forth a true, correct
and complete description of how the treatment of any items set forth in the Financial Statements, vary from how they would be treated
under GAAP, together with an accounting of the financial impact of such variance. All of the Financial Statements conform in all
material respects to the books and records of the Seller as prepared in the ordinary course of business and show all material expenses
attributable to the periods covered. All of the books of account of the Seller have been exhibited or made available to the Buyer,
and those books of account have been maintained in accordance with sound business practices on a consistent basis and accurately
record all material transactions of Seller during the periods covered by them.

 

(b)          Except
as set forth in Schedule 5.10, the Seller does not have any liabilities or obligations of any kind whatsoever (whether or
not accrued, contingent or absolute, asserted or unasserted, and whether or not such liabilities or obligations would be required
to be reflected on a balance sheet prepared in conformity with GAAP and consistent with Seller’s past practices) other than:
(i) liabilities and obligations stated or reserved against in full (consistent with Seller’s past practices) both in the
most recent balance sheet of the Seller included in the Financial Statements and in the calculation of Closing Net Working Capital;
and (ii) liabilities incurred in the ordinary course of business (consistent with Seller’s past practices) since the date
of such balance sheet.

 

(c)          Except
as set forth in Schedule 5.10, the Seller does not have any Liabilities which: (i) are not current liabilities; or (ii)
are be due and payable more than ninety (90) days after the Closing Date.

 

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5.11         Ordinary
Course. Except as set forth on Schedule 5.11, since December 31, 2016 the Seller has operated the Business in the
ordinary course consistent in all material respects, and past practice. Except as set forth in Schedule 5.11, since December
31, 2016:

 

(a)          The
Seller has not sold or transferred any assets used, held for use, useful or maintained for use in the Business other than the
sale of inventory in the ordinary course of business, other than for the sale or other disposition of excess, obsolete or
worn-out inventory or equipment and other than the sale or disposition of assets constituting tangible personal property that
have been replaced with other assets of equal or greater value or utility, and the Seller has not sold any inventory to any
customer on approval or on any other basis which entitles the customer to return or may obligate the Seller to repurchase
such inventory;

 

(b)          The
Seller has not made any change in its accounting methods or principles (or the application of those methods or principles) or introduced
any new method of management, operations or accounting; and

 

(c)          The
Seller has not incurred any material loss, damage or destruction, whether covered by insurance or not, affecting the Business or
the Assets.

 

(d)          The
Seller has not incurred or had filed or placed against it, any Encumbrance on any of the Assets except for Permitted Encumbrances.

 

(e)          The
Seller has not made any material amendment or termination of any Material Agreement, or any waiver of material rights
thereunder, other than those which arise as a result of the passage of time based upon the terms and conditions of such
contracts.

 

(f)          The
Seller has not experienced any delay or postponement in the payment of accounts payable or any other liabilities of the Business
not in the ordinary course of business.

 

(g)          The
Seller has not cancelled or comprised, waived or released any material right or claim relating to the conduct of the Business either
involving more than $10,000.00 or outside the ordinary course of business.

 

(h)          There
has been no acceleration, termination, modification, or cancellation of any agreement, contract, lease, or license (or series
of related agreements, contracts, leases, and licenses) relating to the conduct of the Business to which the Seller is a
party or by which it is bound by any Person (including the Seller) involving more than $10,000.00.

 

(i)          There
has been no increase in, or any commitment by the Seller to increase, the base compensation or other payment to Employees or
any other material change in employment terms for any of the Employees.

 

(j)          The
Seller has not made any capital expenditure in excess of $50,000.00 other than the purchase of new mixer trucks.

 

(k)          There
has been no other material occurrence, event, incident, action, failure to act, or transaction relating to the Business outside
the ordinary course of business.

 

(l)          There
has been no commitment by the Seller to effect any of the foregoing.

 

5.12         Intellectual
Property. The Seller, beneficially and of record, validly owns and holds all intangible property rights transferred pursuant
to this Agreement, free and clear of all liens, restrictions and/or Encumbrances. Schedule 5.12 sets forth an accurate and
complete list of all of the intangible property of the Seller, as well as Intellectual Property licensed pursuant to agreements.
The operation of the Business by the Buyer after the Closing in the manner in which the Business is currently conducted by the
Seller, will not infringe any Intellectual Property or any other rights of any nature whatsoever of others. No third party is currently
infringing on any Intellectual Property owned by the Seller. No action, suit, arbitration, or legal, administrative or other proceeding,
or governmental investigation is pending in which the Seller is named as a party, or, to the Knowledge of the Seller, threatened,
nor has any claim been asserted or threatened (by or against the Seller or any third party), which involves any Intellectual Property
or Know -how of or used by the Seller nor, to the Knowledge of the Seller, does any state of facts exist under which any such action,
suit, arbitration, proceeding or investigation might be based. The Seller is not subject to any judgment, order, writ, injunction
or decree of any court or any federal, state, local or other governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, or any arbitrator, nor has the Seller entered into, nor is it a party to, any agreement or other instrument
which restricts or impairs the use of any of its Intellectual Property or Know-how.

 

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5.13         Regulatory
Filings. To Seller’s Knowledge, the Seller has filed all reports, applications, documents, instruments and information
required to be filed by it pursuant to applicable rules and regulations or requests of every regulatory body having jurisdiction
over its Assets where the failure to do so would have a Material Adverse Effect.

 

5.14         ERISA.
(a) Schedule 5.14 contains a true and complete list of each Plan which is now, or within the one- year period ending on
the Closing Date was, maintained, contributed to, or required to be contributed to, for the benefit of any Employee, and each written
management, employment, severance or consulting agreement or contract between the Seller and any Employee (each, an “Employee
Agreement”). The Seller have provided to the Buyer true and complete copies of all documents, if any, embodying each
Employee Agreement and each Plan described in the preceding sentence, including all amendments thereto; the most recent annual
reports (Form 5500 Series with applicable schedules), if any; the most recent summary plan description, if any; and the most recent
favorable determination letter from the IRS, if any.

 

(a)          Nothing
has occurred or is expected to occur that would adversely affect the qualified status of any Plan described in Schedule 5.14
that is intended to be qualified under the Code or any related trust.

 

(b)          The
Seller has performed in all material respects all obligations required to be performed by the Seller under each Plan
described in Schedule 5.14, and each such Plan established and maintained by the Seller has been established and
maintained in all material respects in accordance with its terms and in compliance with all applicable Legal Requirements,
laws, statutes, orders, rules and regulations, including but not limited to ERISA, the Code and ACA. The Seller has no
defined benefit plans subject to Section 412 of the Internal Revenue Code or within the meaning of Section 3(35) of ERISA,
nor any Multiemployer Plans, and the Seller has no liability (including contingent liability) with respect to any defined
benefit plan or Multiemployer Plan as a result of having been treated as part of a “single employer” within the
meaning of Section 414(b), (c), (m), (n) and (o) of the Code, nor is there any basis for such liability being imposed. There
are no investigations, Claims, suits, or proceedings pending in which the Seller is named as a party, or threatened or
anticipated (other than routine Claims for benefits) against any Plan described in Schedule 5.14 or the Assets of any
such Plan, and there are no facts that could give rise to any material liability in the event of any such investigation,
Claim, suit or proceeding. Each Plan described in Schedule 5.14 that was established or maintained by the Seller can
be amended, terminated, or otherwise discontinued after the Closing in accordance with its terms, without liability to the
Seller, the Buyer or any of their respective Affiliates. All premiums required by any Plan described in Schedule 5.14
for which the Seller is responsible for payment have been paid thereunder; all outstanding indebtedness for services
performed or accrued vacation, holiday pay, earned commissions, accrued bonuses or other benefits owed to any Employee have
been paid when due or accrued in accordance with GAAP and consistent with past practice on the books of the Seller; all
contributions due to and payments from such Plans that may have been required to be made have been made. No “prohibited
transaction” within the meaning of Section 4975 of the Code or Section 406 of ERISA has occurred with respect to any
Plan described in Schedule 5.14.

 

(c)          The
Seller does not maintain or contribute to any Plan, nor has the Seller ever promised, represented, or contracted, to provide, or
has any liability to provide, post-retirement benefits [e.g. life insurance, medical or other employee welfare benefits (other
than severance and accrued vacation and holiday pay)] to any Employee upon his retirement or termination of employment, except
as may be required by applicable law. No welfare benefit plan of the Seller is a multiple employer welfare arrangement defined
in Section 3(40) of ERISA. The Seller is not subject to any underfunded or unfunded pension Liability.

 

(d)          Each
“group health plan” within the meaning of Section 4980B(g)(2) of the Code maintained by the Seller has been
administered in compliance with the continuation coverage requirements contained in the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended, as set forth at Section 4980B of the Code and any regulations promulgated or proposed
(if such proposed regulations constitute substantial authority within the meaning of Section 6662 of the Code and any
regulations promulgated thereunder) thereunder and Part 6 of Subtitle B of Title I of ERISA or any comparable state law
(collectively, “COBRA”). The Seller has no liability with respect to any “group health plan”
within the meaning of Section 4980B(g)(2) of the Code maintained by any entity with which the Seller is considered a
“single employer” within the meaning of Section 414(b), (c), (m), (n) and (o) of the Code.

 

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(e)          Except
as set forth on Schedule 5.14, the execution of this Agreement and the consummation of the transactions contemplated hereby
will not constitute an event under any Plan described in Schedule 5.14 or any employee agreement, that will result in any
payment, upon a change in control or otherwise, whether of severance, accrued vacation, or otherwise, acceleration, vesting, distribution,
increase in benefits or obligation to fund benefits with respect to any Employee. No payment or benefit which will or may be made
by the Seller, the Buyer or any of their respective Affiliates with respect to any Employee as a result of the transactions contemplated
hereby, will be characterized as an "excess parachute payment" within the meaning of Section 280G(b)(1) of the Code.

 

(f)          Schedule
5.14 sets forth each former employee of the Seller who has, as of the Closing Date, elected coverage or was otherwise entitled
to elect coverage under COBRA.

 

5.15        Environmental;
Health and Safety Matters. Except as otherwise set forth on Schedule 5.15:

 

(a)          With
respect to the Business and the Business Locations, the Seller has, to Seller’s Knowledge, at all times complied with, and
is in compliance with, all Environmental Laws, which compliance has included obtaining and complying at all times with, all Licenses
and Permits and other authorizations required pursuant to Environmental Laws for the occupation of the Business Locations, and
operation of the Business; a list of all such Licenses and Permits, and other authorizations is set forth on Schedule 5.15.

 

(b)          Neither
the Seller nor the Seller Members have received any written or oral notice, report or other information regarding any actual, alleged,
or threatened violation of Environmental Laws, or any Liabilities or potential Liabilities.

 

(c)          To
Seller’s Knowledge, with respect to the Business and the Business Locations, none of the following exists at any property
or facility owned, leased, or operated by the Business and/or the Seller: (i) underground or aboveground storage tanks, (ii) asbestos
containing material (including, but not limited to, asbestos in friable or damaged condition), (iii) materials or equipment containing
polychlorinated biphenyls, or (iv) landfills, surface impoundments, or disposal areas.

 

(d)          With
respect to the Business and the Business Locations, neither the Business nor the Seller has treated, stored, disposed of, arranged
for or permitted the disposal of, transported, handled, released or exposed any Person to any substance, including, without limitation,
any Hazardous Materials, or owned, leased, or operated any property or facility (and no such property or facility is contaminated
by any such substance) so as to give rise to any Liabilities (contingent or otherwise), including any Liabilities for response
costs, corrective action costs, personal injury, property damage, natural resources damages or attorney fees, or any investigative,
corrective or remedial obligations.

 

(e)          To
Seller’s Knowledge, neither this Agreement nor the consummation of the transactions contemplated hereby will result in any
obligation for site investigation or cleanup, or notification to, or consent of, Governmental Authorities or third parties, pursuant
to any of the so-called "transaction-triggered" or "responsible property transfer" Environmental Laws.

 

(f)          Neither
the Business nor the Seller have, either expressly or by operation of law, assumed or undertaken any Liability, including, without
limitation, any obligation for corrective or remedial action, of any other Person pursuant to any Environmental Law.

 

(g)          The
Seller has provided the Buyer with copies of all environmental audits, assessments and reports and all other documents materially
bearing on environmental or safety matters, for or about the Assets or at the Real Property, which are in the possession, custody,
or under the reasonable control of the Seller; a list of all copies provided is set forth on Schedule 5.15.

 

(h)          Neither
the Business nor the Seller have manufactured, produced or sold any asbestos-containing material in any form or condition.

 

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5.16        Insurance.
Schedule 5.16 hereto contains a true and complete list of all policies of insurance and fidelity or surety bonds currently
in force covering the Seller, the Business or the Assets. The Assets are insured by reputable insurance companies against loss
or damage by fire and other risks to the extent and in the manner customary for companies engaged in similar businesses. The Seller
is in compliance in all material respects with the terms of all policies and instruments so listed in the Schedule 5.16.
Also included on Schedule 5.16 is a list of all Claims, if any, currently pending or which have been settled during the
last twelve (12) months under any of the policies set forth on Schedule 5.16.

 

5.17        Inventory.
Except as is disclosed in Schedule 5.17:

 

(a)          Thirty
(30) days prior to executing this Agreement, the Seller conducted a physical inventory of the Seller’s inventory. Such physical
inventory was conducted in a manner consistent with the Seller's past practices. No material irregularities or discrepancies were
discovered in the course of such physical inventory and a true, correct and complete copy of the results thereof have heretofore
been provided to the Buyer. Schedule 5.17 hereto contains a priced out inventory listing of all inventory held by the Seller
as of January 31, 2017 (the "Priced Out Inventory Listing"). The Priced Out Inventory Listing: (i) was derived
from the Seller's books and records and from such physical inventory; (ii) was priced out according to the methodology agreed
to by the Parties for the determination of Salable Inventory as provided in this Agreement (including, but not limited to Subsection
3.4(d) hereof and Schedule 3.4(d)(iii) hereof); and (iii) is true, correct and complete in all respects.

 

5.18        Accounts
Receivable. (a) Set forth on Schedule 5.18 is a summary aging schedule of the accounts receivable of the Seller
as the Closing Date. The accounts receivable included in the Assets will constitute all of the accounts receivable of the Seller
as of the Closing Date, and the listing of the accounts receivable set forth in Schedule 5.18 identifies those accounts
receivable that will not be included in Net Working Capital pursuant to t he terms and provisions contained in Section 3.4 hereof.
The Seller has collected the accounts receivable only in the ordinary course of business consistent with the Seller's past practices.
All of the accounts receivable of the Seller arose from valid sales and bona fide transactions with third parties which are not
Affiliates in the ordinary course of business, are collectible at their face value and are not subject to any defense, offset,
allowance or credit, and, to the Knowledge of the Seller, there are no disputes with regard to any of such accounts. Except as
set forth on Schedule 5.18, the Seller is not a party to any rebate program.

 

(b)          Schedule
5.18 contains a complete and accurate list of all accounts receivable of the Seller as of the Closing Date. All of the accounts
receivable of the Seller that are reflected in the Financial Statements or on the accounting records of the Seller as of the Closing
Date represent or shall represent valid obligations arising from sales actually made or services actually performed in the ordinary
course of business.

 

(c)          Unless
paid prior to the Closing Date, the accounts receivable of the Seller are or shall be as of the Closing Date current and collectible
net of the respective reserves shown on the Closing Balance Sheet and included in the Closing Net Working Capital (the "A/R
Reserves"), which A/R Reserves are adequate and were calculated consistent with past practices. Subject to such A/R Reserves,
each of the accounts receivable of the Seller shown on the Closing Balance Sheet and included in the Closing Net Working Capital
shall be collected in full, without any setoff, within ninety (90) days after the date upon which it becomes due and payable (collectively,
the "Collectible A/R").

 

5.19        Business
Locations.

 

(a)          Except
for the Business Locations, there is no real property owned by, leased or subleased to the Seller.

 

(b)          As
of the Closing Date, with respect to each Business Location:

 

(i)           the
property is leased and not owned by Seller;

 

		(ii)	there are no pending or, to the Knowledge of the Seller,
threatened condemnation proceedings, lawsuits, or administrative actions relating to such Business Location or other matters adversely
affecting the current use, occupancy, or value of any such Business Location;

 

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		(iii)	to the Knowledge of the Seller, such Business Location
has received all material approvals of Governmental Authorities (including Licenses and Permits) required in connection with the
ownership or current use thereof;

 

		(iv)	the Lease Agreements are leases with BVI, Inc.;

 

		(v)	there are no parties other than the Seller or the respective
landlord) in possession of such Business Location.

 

(c)          The
zoning for all of the Business Locations and for each Business Location permits the conduct of the Business by the Seller as such
Business has been conducted by the Seller on or before the Closing Date.

 

5.20        Intangible
Assets. The Seller owns all intangible property rights transferred pursuant to this Agreement, free and clear of all liens,
restrictions and/or Encumbrances. Schedule 2.1 sets forth an accurate and complete list of all of the intangible property
of the Seller.

 

5.21.       Payments
to Seller Members. No payments have been made by the Seller to the Seller Members or any affiliate of the Seller
Members, subsequent to April 17, 2017, other than: (i) reimbursement for reasonable business expenditures undertaken in the ordinary
course of business; (ii) wages or (iii) those which are accrued and reflected on the Closing Date Balance Sheet.

 

5.22.       Indebtedness.
Seller is not a party to any promissory notes, guaranties, indentures, trust deeds, loan agreements, or other instruments
pursuant to which the Seller has incurred Indebtedness or has guaranteed the Indebtedness of any Person, Affiliate, member, director
or officer of any Person or of any Affiliate of the Seller. No Affiliate, member, director or officer of the Seller is indebted
to the Seller.

 

5.23.       Business.

 

(a)          The
Seller has not conducted any material business other than the Business.

 

(b)          The
Assets are all of the assets required to conduct the Business as presently conducted.

 

(c)          
No party other than the Seller owns any assets that are needed to operate the Business as presently
conducted.

 

5.24        Importing
and Exporting Activities. The Seller does not import or export any product or services outside the United States.

 

5.25        Customers.
Schedule 5.28 lists all of the suppliers and customers of the Seller whose transactions constitute at least One Hundred
Fifty Thousand dollars ($150,000.00) in any of the last three (3) fiscal years prior to the Closing Date. Except as disclosed in
Schedule 5.28, as of the date of this Agreement and as of the Closing Date, the relationship of the Seller with respect
to such suppliers and customers are a good commercial working relationship, and no such supplier or customer of the Seller has
cancelled or otherwise terminated, or threatened to cancel or otherwise terminate, its relationship with the Seller. During the
last twelve (12) months ending on the Closing Date, no such supplier or customer of the Seller has decreased materially, or threatened
to decrease or limit its services, suppliers or materials to the Seller or its usage or purchase of the services or products of
the Seller, as the case may be.

 

5.26        Improper
Payments. Neither of the Seller nor the Seller Member, nor any of the Seller's officers, directors, managers, agents, representatives
or employees has, to obtain or retain business, directly or indirectly offered, paid or promised to pay, or authorized the payment
of, any money or other thing of value (including without limitation any fee, gift, sample, travel expense or entertainment with
a value in excess of $500 in the aggregate to any one individual in any one year) or any commission payment in excess of normal,
reasonable and proper amounts payable, to:

 

(a)          any
person who is an official, officer, agent, employee or representative of any Governmental Authority or of any existing or prospective
customer (whether or not government-owned).

 

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(b)          any
political party or official thereof,

 

(c)          any
candidate for political office or political party office, or

 

(d)          any
other individual or entity,

 

while knowing or having reason to believe that all or any portion
of such money or thing of value would be offered, given or promised, directly or indirectly, to any such official, officer, agent,
employee, representative, political party, political party official or candidate, or any entity Affiliated with such customer,
political party official or political off ice for illegal purposes.

 

5.27        Preferences;
Solvency. The following statements are, after giving effect to the transactions contemplated by this Agreement and/or the
other Transaction Documents, true, correct and complete:

 

(a)          The
aggregate value of all Assets and properties of the Seller, at their respective then present fair saleable values, exceeds the
amount of all the debts and Liabilities (including, without limitation, contingent, subordinated, unmatured and unliquidated liabilities)
of the Seller. The Seller understands that, in this context, "present fair saleable value" means the amount that may
be realized within a reasonable time through a sale within such period by a capable and diligent businessperson from an interested
buyer who is willing to purchase under ordinary selling conditions. In determining the present fair saleable value of the Seller's
contingent liabilities (such as litigation, guarantees and pension plan liabilities), the Seller has considered such liabilities
that could possibly become actual or matured liabilities.

 

(b)          The
Seller is not insolvent as such term is used in Section 548 of the Bankruptcy Code and all other applicable fraudulent transfer
or fraudulent conveyance laws, statutes, rules or regulations applicable to such Seller.

 

(c)          The
Seller believes that the Purchase Price received by the Seller in connection with the transactions contemplated by this Agreement
and the other Transaction Documents, constitutes reasonably equivalent value for the Assets.

 

(d)          Assuming
the Closing of the transactions contemplated hereby, the Seller is solvent and has and will at the Closing have the ability to
pay all of its obligations as they become due.

 

5.28        Material
Agreements.

 

(a)          Schedule
5.31 sets forth, as of the date hereof, a true, correct and complete list of the following (collectively the "Material
Agreements" and individually a "Material Agreement"), and a true, accurate and complete copy of all such
Material Agreements are attached to Schedule 5.31:

 

		(i)	any partnership, joint venture, technology sharing or similar
agreement between the Seller and any other Person;

 

		(ii)	any agreements, promissory notes, security agreements or
other instruments relating to or evidencing any outstanding Indebtedness of the Seller (including capitalized lease obligations,
purchase money indebtedness, subordinated and/or convertible indebtedness);

 

		(iii)	any guarantees, keep-well agreements and similar agreements
of the Seller;

 

		(iv)	any agreements to which the Seller is a party granting
rights of first refusal, rights of first offer or similar rights to acquire any business or Assets or prohibiting the Seller from
competing in or entering into any business or obligating the Seller to continue in any business;

 

		(v)	all vehicle leases, all leases of equipment and machinery
and all leases of other personal property where the maximum aggregate amount payable under such lease (including termination penalties)
exceeds Twenty-Five Thousand dollars ($25,000.00);

 

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		(vi)	all agreements relating to the use or right to use Intellectual
Property, including any license and royalty agreements;

 

		(vii)	all agreements for the purchase of any materials, supplies,
equipment or inventory entered into since January 1, 2014, other than any agreement which, together with any other related agreement,
involves the single expenditure by the Seller of more than Fifty Thousand dollars ($50,000);

 

		(viii)	all leases, all agreements relating to, affecting or constituting
an interest in the Business Locations, including agreements as to use or maintenance of railroad lines, spur tracks and rights-of-way, broker's commission agreements and material maintenance contracts, and all agreements under which the Seller is the
lessor of any of the Business Locations;

 

		(ix)	any agreement involving the importation of products sold
in the Business;

 

		(x)	any supply contract with any supplier that provided in
excess of Fifty Thousand dollars ($50,000) of materials to the Seller in a single expenditure during the fiscal years ended December
31, 2014, December 31, 2015 or December 31, 2016; and

 

		(xi)	any other agreement to which the Seller is a party and
having a remaining term of more than one (1) year after the Closing Date or involving a remaining amount payable thereunder (either
to or from the Seller) as of the Closing Date of more than Fifty Thousand dollars ($50,000).

 

(b)          Each
of the Material Agreements is a legal, valid, binding, and subsisting agreement and is in full force and effect, valid and enforceable
in accordance with its terms against the parties thereto.

 

(c)          Except
as described in Schedule 5.31, the Seller is not (nor is any other party thereto) in default in the payment or in material
default in the performance or observance of any Material Agreement. No condition or event exists or has occurred which with notice
or lapse of time or both, would constitute a breach or default under any of the Material Agreements.

 

(d)          The
Seller is validly and lawfully operating the Business under the Material Agreements.

 

(e)          The
Seller (and each other party thereto) has complied in all material respects with the terms and conditions of the Material Agreements
and has not done or performed any act or failed to perform any act which would invalidate or materially impair the Seller's rights
under, or give another party the right to terminate, any Material Agreement.

 

(f)          No
approval or consent of any Person is needed in order that any of the Material Agreements continue in full force and effect following
the consummation of the transactions contemplated by this Agreement and the other Transaction Documents.

 

(g)          The
Seller Members have no (nor may the Seller Members acquire), any rights or obligations under the Material Agreements other than
the Lease Agreements.

 

5.29        Permits
and Licenses.

 

(a)          Schedule
5.29 sets forth a complete and accurate list of all Licenses and Permits issued by the applicable Governmental Authorities
presently held by the Seller with respect to the Seller's operations and/or the Business; all such Licenses and permits being valid
and in full effect. The items listed in Schedule 5.29 constitute all of the Licenses and Permits necessary to permit the
Seller to lawfully conduct and operate the Business in a manner that the Seller is currently conducting and operating such Business
and to permit the Seller to own and use its Assets in a manner which they are currently owned and used. No event has occurred or
circumstance exists that may constitute or result, directly or indirectly, in a violation or failure to comply with any requirements
of any Licenses and Permits or result in a revocation, withdrawal, suspension, cancellation or termination of any Licenses and
Permits.

 

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(b)          All
applications required to be filed for the renewal of any Licenses and Permits listed in Schedule 5.29 have been duly filed
on a timely basis with the appropriate Governmental Authority.

 

5.30       No
Guarantees. None of the Liabilities of the Seller are guaranteed by any other Person, nor has the Seller guaranteed the
obligations or liabilities of any other Person (including but not limited to those of any of the Seller).

 

5.31       Transactions
with Seller Members. The Seller does not owe any amount to or have any contract or commitment to the Seller Members, and
the Seller Members do not owe any amount to the Seller.

 

5.32       Default.
The Seller is not in default in the payment of or performance under, nor has any event occurred which, with notice or the lapse
of time or both, could result in a default under, any outstanding promissory note, indenture, mortgage, contract or agreement to
which the Seller is a party or by which the Seller is bound.

 

5.33       Transactions
with Related Parties.

 

(a)          Neither
the Seller nor any of the Seller's directors, managers, officers, employees or agents nor any of their respective relatives or
Affiliates, have any business arrangement or relationship with the Seller (whether written or oral) other than employment or equity
owner of the Seller or with respect to the Seller's ownership of the Assets. Neither the Seller nor the Seller's directors, officers,
managers, employees or agents nor any of their respective relatives or Affiliates, owns any property or right (tangible or intangible)
which is used by the Seller in the operation of the Business.

 

5.34       Books
and Records. Copies of the Seller’s Articles of Organization, Operating Agreement, Consent regarding the Transaction
and Confirmation of ownership have been provided to the Buyer, are true, correct and complete in all respects and reflect a true
record of all referenced meetings or procedures of the Seller. All of such books, records, operating agreements and amendments
thereto, shall remain in the possession of the Seller.

 

5.35       Disclosure.
(a) All of the Due Diligence Information provided to the Buyer or to the Buyer's representatives by, for or on behalf of the
Seller and/or the Seller Members, is true, correct and complete in all material respects, both as of the date of this Agreement
and as of the Closing Date.

 

(b)          All
matters and facts of material importance requested by the Buyer concerning the Seller and/or the Seller Members, the Assets and/or
the Business, have been fully and truthfully disclosed by the Seller to the Buyer in this Agreement. To Seller’s Knowledge,
no statement, information, representation or warranty of the Seller in this Agreement nor any other Transaction Documents, Due
Diligence Information, certificate, schedule or exhibit furnished or to be furnished to the Buyer by or on behalf of the Seller
pursuant to this Agreement, the other Transaction Documents and/or the Due Diligence Information, contains, or will when furnished
contain, any untrue statement of a material fact, or omits, or will when furnished omit, to state any material fact necessary
to make the statements of facts contained therein not false or misleading. There is no matter or fact that the Seller or the Seller
Members have not disclosed to the Buyer in writing that adversely affects the Seller, the Seller Members, the Assets, the Business,
and/or the ability of the Seller to perform this Agreement and/or the other Transaction Documents.

 

(c)          No
information or knowledge obtained either independently or a result of the Buyer's investigation of the Seller, the Assets, and/or
the Business or through or in the Due Diligence Information, shall diminish or otherwise affect the representations and warranties
of the Seller in this Agreement.

 

ARTICLE 6

REPRESENTATIONS AND WARRANTIES OF
THE BUYER

 

As a material inducement to the Seller to
enter into this Agreement, the Buyer hereby represents, warrants and covenants to the Seller that each and all of the representations,
warranties and statements made by the Buyer in this Agreement (including, but not limited to, the following representations and
warranties in this Article 6) are true, correct and complete as of the date of this Agreement and shall be true, correct and complete
as of the Closing Date:

 

6.1         Organization.
The Buyer is a Nevada corporation duly organized, validly existing and in good standing under the laws of the State of Nevada.
The Buyer: (a) has all requisite power and authority, and has (or will at the Closing have) all governmental licenses, authorizations,
consents and approvals, necessary to own its assets and carry on its business as now being or as proposed to be conducted; and
(b) is qualified to do business in all jurisdictions in which the nature of the business conducted by it makes such qualification
necessary.

 

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6.2          Authority.
The making and performance by the Buyer of this Agreement and the consummation of the transactions contemplated hereby have been
duly authorized by all necessary action and do not and will not violate any provision of law, rules, regulations decrees or orders
applicable to the Buyer and its Affiliates, or conflict with or result in a breach of, or constitute a default under, any indenture
or other agreement or instrument by which the Buyer or any of its properties or assets may be bound or affected, or result in,
or require, the creation or imposition of any lien upon or with respect to any properties of the Buyer, or require the consent
or approval of any third party, except for any such violations, conflicts, breaches, defaults or failures to obtain consent or
approval as would not reasonably be expected to have a material adverse effect on the Buyer or on its ability to perform its obligations
hereunder.

 

6.3          Enforceability.
This Agreement has been duly executed and delivered by the Buyer and constitutes the legal, valid and binding obligation of the
Buyer, enforceable against the Buyer in accordance with its terms.

 

6.4          Litigation.
There is no action, litigation, lawsuit, arbitration or other proceeding pending, or to the Knowledge of the Buyer, threatened
against the Buyer or any of the Buyer's assets, before any court or arbitrator or by or before any governmental commission, bureau,
agency or other regulatory authority which, if adversely determined, could, individually or in the aggregate, have a material adverse
effect on the Buyer. The Buyer is not in default under or in violation of or with respect to any Legal Requirements, law, rule,
regulation, order, writ, injunction or decree of any Governmental Authority, court, arbitrator, governmental commission, bureau
or other regulatory authority.

 

6.5         RMR
Industrials, Inc. RMR Industrials, Inc.:

 

(a)          Is
a Nevada corporation duly organized, validly existing and in good standing under the laws of the State of Nevada.

 

(b)          Has
provided Seller with true and accurate copies of its Articles of Incorporation, Bylaws, Shareholder Agreements, and all documents
restricting transfer of RMR stock, strategic plans, and related documents concerning the governance of RMR (“RMR Stock Documents”).

 

(c)          Has
full authority to grant to Seller the RMR stock and such transfer does not require the approval of any third party.

 

ARTICLE 7

COVENANTS

 

7.1          Exclusivity.
(a) Until this Agreement is terminated or the Closing occurs, the Seller agrees, neither it nor the Seller Members, or any
of the Seller’s representatives, officers, employees, directors, agent, stockholders, subsidiaries , or affiliates (the “Seller
Group”) shall initiate, solicit, entertain, negotiate, accept or discuss, directly or indirectly, any proposals or offers
from any person or group of persons other than Buyer and its affiliates ( “ Acquisition Proposal”) to acquire
all or any portion of the Business or the Assets, whether by merger, purchase of stock, purchase of assets, tender offer or otherwise,
or provide any non-public information to any third party in connection with an Acquisition Proposal, or enter into any agreement,
arrangement or understanding requiring it to abandon, terminate, or fail to consummate the Buyer’s acquisition of the Business.

 

(b)          Seller
agrees to immediately notify Buyer if any member of the Seller Group receives any indications of interest, requests for information
or offers with respect to any Acquisition Proposal, and will communicate to the Buyer, in reasonable detail, the terms of any
such indication, request or offer, and will provide the Buyer with copies of all written communications relating to any indication,
request or offer.

 

7.2          Noncompetition
Agreement. (a) At the Closing, the Seller and Seller Members shall execute and deliver to the Buyer, a nondisclosure and
noncompetition agreement in the form set forth in  Exhibit C attached to this Agreement (the "Noncompetition
Agreement"). The Noncompetition Agreement is to protect the Buyer’s purchase of (and investment in) the Assets and
the Business, and the Noncompetition Agreement restricts the Seller and the Seller Members from competing against the Buyer after
the Closing Date for a period of three (3) years. The Noncompetition Agreement is a prime inducement for the purchase of the Assets
by the Buyer, and is an integral part of the consideration to the Buyer from the transactions contemplated by this Agreement. The
Noncompetition Agreement contains a provision that it will terminate upon Buyer’s uncured default of any Transaction Documents.

 

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7.3         Right
of Off-Set; Preferences. (a) Subject to Section 9.1.1, Buyer, upon any uncured breach or default by the Seller and/or the
Seller Members of any representation, warranty, covenant, obligation, indemnification and/or agreement of the Seller and/or the
Seller Members contained in or made pursuant to this Agreement, the Noncompetition Agreement and/or the other Transaction Documents
(collectively, "Seller's Breach"), then the rights and remedies of the Buyer for such breach or default shall include
(but not be limited to) the right of the Buyer to off -set ("Right of Off-Set") an aggregate amount equal to such
Damages against any and all amounts owed by the Buyer to the Seller and the Seller Members under the Purchase Note. The exercise
of the Right of Off-Set by the Buyer shall not be deemed a breach or default by the Buyer of this Agreement, or any of the other
Transaction Documents.

 

(b)          In
addition to (and not in limitation of) the foregoing terms and provisions of this Section and without limiting any other rights
or remedies available to the Buyer, if after the Closing the Buyer pays any Claims arising from a bankruptcy preference related
to customer payments received by the Seller on or prior to the Closing Date or related to accounts receivable included in the Closing
Balance Sheet and/or the Closing Net Working Capital (hereinafter such payments shall be collectively referred to as "Preference
Payments" and individually as a "Preference Payment"), then the Buyer shall have the right to off-set
such Preference Payments against any and all amounts owed by the Buyer to the Seller and Seller Members under the Purchase Note.
Any and all off-sets by the Buyer as provided herein, shall not be a breach or default of the corresponding payment obligations
owed by the Buyer to the Seller under this Agreement, and/or the other Transaction Documents.

 

7.4         Product
Claims. In Schedule 7.4, the Parties shall agree on and set forth a protocol for handling Claims on products shipped
or services rendered by the Seller prior to the date of the Closing (collectively " Product Claims" and individually
a "Product Claim") which shall be solely the liability of the Seller and the Seller Members, and for which the
Seller and the Seller Members jointly and severally agree to defend, indemnify, reimburse and to hold harmless the Buyer from all
Product Claims, and to the extent such indemnification is not promptly paid by the Seller, or the Seller Member, there shall be
an adjustment to the Purchase Price as reflected in an Off-Set against the Purchase Note.

 

7.5         Access
to Information, Etc. The Seller agrees and covenant to the Buyer, that the Seller shall and does hereby consent to, allow,
assist in and cooperate with the Buyer as follows:

 

(a)          Prior
to the Closing, the Seller shall provide to the Buyer the contact information of each of the primary customers and each of the
primary vendors of the Seller;

 

(b)          Prior
to the Closing, the Seller shall coordinate providing the Buyer with full access to the books, records and documents of the Seller,
including (but not limited to) the Seller's accounting books and records;

 

(c)          Prior
to the Closing, the Seller shall provide the Buyer to have access to, enter upon, conduct an inspection and review of, all of the
Business Locations, where such inspection and review shall occur on a date and time which is reasonably and mutually agreeable
to the Buyer and the Seller; and

 

(d)          Seller’s
presence. Buyer shall not contact any employees of Seller without Seller’s prior approval and without

 

(e)          No
earlier than thirty (30) days prior to the Closing, the Seller shall allow the Buyer to have access to (so that the Buyer can speak
with) the Seller’s previously identified key employees. The retention of key employees is not a condition for Closing.

 

(f)          After
Seller has informed its employees of this Transaction, Seller shall permit Buyer to interview Seller’s employees, including
for the purposes of evaluating whether Buyer will extend to any such employee an offer by Buyer of employment. Seller shall not
object or impede (but is not obligated to compel) any employee of Seller from such employee agreeing to submit himself/herself
to a pre-employment drug test as requested or required by Buyer. The submission to drug testing and retention of employees is not
a condition for Closing.

 

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7.6         No
Dissolution of Seller. The Seller and the Seller Members agree and covenant to the Buyer that for a period of thirty six
(36) months after the Closing Date: (a) the Seller shall not be dissolved or terminated as a Colorado limited liability company;
and (b) all actions shall be timely taken and all documents shall be timely executed, delivered and filed with the appropriate
Governmental Authorities, to maintain the Seller as a limited liability company in good standing in the State of Colorado. The
terms and provisions of this Section shall survive the Closing until the Buyer consents in advance and in writing, to terminate
the covenants of this Section (where the Buyer may refuse and withhold such consent for any reason or no reason). Seller may assign
all rights it has in the Purchase Note or the RMR Stock after such thirty six (36) month period.

 

7.7         Personal
Property Taxes. Personal property taxes imposed by any Governmental Authority with respect to the Assets shall be prorated
between the Seller and the Buyer as of the Closing Date. The Seller and the Buyer shall each be responsible for their respective
portions, if any, of such personal property taxes, and each shall indemnify the other with respect to any payment or enforcement
action attributable to the portion of such personal property taxes which is the liability of that party.

 

7.8         Seller's
Liabilities. (a) The Seller or the Seller Members shall promptly pay and discharge when due but not later than sixty (60)
days after the Closing Date, all Seller's Liabilities and obligations arising out of or relating to Seller's ownership, operation
and/or the sale of the Business and/or the Assets.

 

(b)          On
or before the Closing Date, the Seller shall have terminated and repaid in full, any and all loans and lines of credit for the
Seller with all banks and other financial institutions.

 

7.9         Delivery
and Possession of Assets. The Buyer shall receive possession of all of the Assets on the Closing Date.

 

7.10       Taxes,
Tax Returns and Sales Taxes. (a) The Seller and the Seller Members covenant and agree that: (i) the Buyer shall not be
responsible or liable for any Taxes required to be paid by the Seller arising from or related to the Seller's activities or operations;
and (ii) all such Taxes have been paid when due and if not yet due, shall be paid by the Seller or the Seller Members in full when
required by law, whether or not such Taxes were reported on any return.

 

(b)          The
Seller or the Seller Members shall duly and timely file all federal, state, and local tax returns required to be filed by Seller
and shall promptly pay, before becoming delinquent, all such Taxes, interest, penalties and/or fines which shall be due and payable.

 

7.11       WARN
Notice. The Seller has less than 100 employees and is not required to give any notices pursuant to the Worker Adjustment
and Retraining Notification Act, 29 U.S.C. §2101-2109, as amended, to the extent such is applicable.

 

7.12       COBRA
Notification. The Seller covenants and warrants to provide all of the Seller's employees whose employment may be affected
by this purchase and sale transaction, such coverage, if any, to the extent required by the Consolidated Budget Reconciliation
Act of 1985 ("COBRA") pursuant to Code Section 4980B(f) and/or by the laws of the applicable states.

 

7.13       Employees.
The Buyer does not assume any liability or obligation for or with respect to any Employee of the Seller in connection with or related
to (collectively, "Employment Liabilities"): (a) such Employees' employment by the Seller or the termination of such
employment, where the Seller and the Seller Members shall be solely responsible for such Employees' compensation, fringe benefits
and other similar items; (b) federal, state and/or local law (and the obligations and responsibilities therefrom) related to or
arising from the termination of employment of such employees or their disassociation from the Seller; and/or (c) the WARN or COBRA
obligations described in Sections 7.11 and 7.12, respectively, of this Agreement. Such Employment Liabilities shall be included
in the Nonassumed Liabilities for all purposes of this Agreement. The parties will coordinate the termination of all employees
by Seller as of the Closing Date and Buyer’s hiring of those persons that it desires to retain as employees.

 

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7.14       Record
Retention; Cooperation. All of the files, lists and records included in the Assets which are reasonably required by the
Seller or the Seller Members for the preparation of Tax Returns for tax periods commencing prior to the Closing Date, the determination
of the final Purchase Price or the resolution of any dispute between the parties hereto or any Governmental Authority, shall, on
reasonable written notice, be made available to the Seller by the Buyer, during normal business hours, for examination and duplication
(at the expense of the Seller) after the Closing at Buyer's offices, for a period of six (6) years from and after the Closing Date.
The Buyer, at the sole expense of the Seller and the Seller members, shall provide such commercially reasonable cooperation to
the Seller in connection with any audit, inquiry or investigation by any Governmental Authority in connection with any Tax matter
involving the Assets, the Assets or the Business for taxable periods or portions thereof commencing prior to the Closing Date.
Prior to the Closing Date, the Seller shall have taken any and all such actions as may be reasonably necessary or required to fully
comply with all Environmental Laws. Without limiting the generality of the foregoing, prior to the Closing Date, the Seller shall
remove from each and all of the Business Locations, any and all Hazardous Materials which are located at, used for or stored at
the Business Locations, where such removal of any and all Hazardous Materials shall be at the sole cost and expense of the Seller
and the Seller Members (or if paid by any of the Seller, then included as a reduction in determining the Closing Net Working Capital)
and shall be in full and complete compliance with all Legal Requirements applicable to such Hazardous Materials and/or such removal.

 

7.15       Sales
and Transfer Taxes. Any and all sales and transfer Taxes imposed as a result of the sale and transfer of the Assets
contemplated hereby, shall be timely paid by the Buyer; however, the Seller shall be responsible for remitting fifty thousand dollars
($50,000) of such sales and transfer Taxes imposed as a result of the sale and transfer of the Assets, and upon the Buyer's request,
the Seller shall promptly provide to the Buyer written verification of the timely payment of such Taxes.

 

7.16       Tax
Matters. (a) The Buyer and the Seller and the Seller Members shall cooperate fully, as and to the extent reasonably requested
by the other Party, in connection with the filing of tax returns of the Seller and any audit, litigation or other proceeding with
respect to Taxes. Such cooperation shall include the retention and (upon the other Party's request) the provision of records and
information that are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a
mutually convenient basis to provide additional information and explanation of any material provided hereunder. The Seller and
the Seller Members agree to: (i) retain all books and records with respect to tax matters pertinent to Seller relating to any taxable
period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by the
Buyer, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into
with any Governmental Authority, and (ii) give the Buyer reasonable written notice prior to transferring, destroying or discarding
any such books and records and, if the Buyer so requests, the Seller and the Seller Members shall allow the Buyer to take possession
of such books and records.

 

(c)          The
Buyer, the Seller, and the Seller Members agree, upon request, to use their best efforts to obtain any certificate or other document
from any Governmental Authority or any other Person as may be necessary to mitigate, reduce or eliminate any Taxes that could be
imposed (including, but not limited to, with respect to the transactions contemplated hereby).

 

(d)          The
Buyer, the Seller, and the Seller Members further agree, upon request, to provide the other Party with all information that either
Party may be required to report pursuant to Code §6043, or Code §6043A, or Treasury Regulations promulgated thereunder.

 

(e)          Seller
shall file its Colorado sales tax return with the Colorado Department of Revenue no later than the twentieth (20th) day of the
calendar month following the Closing Date.

 

(f)          Buyer
shall prepare the Retail Sales Tax Return for Occasional Sales with the Colorado Department of Revenue on the tangible personal
property included in this Agreement no later than the twentieth (20th) day of the month following the Closing Date. Buyer shall
provide Seller with evidence of filing such Tax Return within three (3) business days after Buyer’s receipt of such evidence.

 

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7.17       Reasonable
Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the Parties agrees to use its
commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate
with the other Parties in doing, all things reasonably necessary to consummate and make effective, in the most expeditious manner
practicable, the Acquisition and the other transactions contemplated by this Agreement, including using commercially reasonable
efforts to accomplish the following: (a) the taking of all reasonable acts necessary to cause the conditions precedent set forth
in Article 8 hereof to be satisfied, (b) the obtaining of all necessary actions, waivers, consents, approvals, orders and authorizations
from Governmental Authorities and the making of all necessary registrations, declarations and filings (including registrations,
declarations and filings with Governmental Authorities, if any) and the taking of all reasonable steps as may be necessary to avoid
any suit, claim, action, investigation or proceeding by any Governmental Authorities, (c) the obtaining of all Required Consents,
(d) the defending of any suits, Claims, actions, investigations or proceedings, whether judicial or administrative, challenging
this Agreement, the other Transaction Documents or the consummation of the transactions contemplated by this Agreement or the other
Transaction Documents, including seeking to have any stay or temporary restraining order entered by any court or other Governmental
Authority vacated or reversed, and (e) the execution or delivery of any additional instruments reasonably necessary to consummate
the transactions contemplated by this Agreement or the other Transaction Documents, and to fully carry out the purposes of, this
Agreement or the other Transaction Documents.

 

ARTICLE 8

CONDITIONS PRECEDENT

 

8.1         Conditions
to Buyer's Obligations. The obligation of the Buyer to close and consummate the purchase of the Assets contemplated by
and pursuant to this Agreement is and shall be subject to satisfaction and fulfillment of or compliance with, on the Closing Date,
the following conditions precedent, any of which may be waived by the Buyer:

 

(a)          Each
of the representations and warranties of the Seller and the Seller Members contained in this Agreement or in the other Transaction
Documents, shall be true, correct and complete in all material respects, and the Buyer shall have received from the Seller and
the Seller Members a certificate to such effect, dated as of the Closing Date in form and substance satisfactory to counsel for
the Buyer. The Seller and the Seller Members shall have performed and complied in all material respects with all agreements, covenants
and conditions required by this Agreement or the other Transaction Documents to be performed or complied with by it prior to or
at the Closing, and the Buyer shall have accepted the form and content of all exhibits, Schedules and documents to be delivered
by the Seller and the Seller Members at the Closing.

 

(b)          The
Seller and the Seller Members shall have executed or committed to promptly deliver to the Buyer the documents, instruments and
other items identified in Section 4.2 of this Agreement, respectively (including, but not limited to, the Titles, Lease Assignment
and Noncompetition Agreement), together with such assignments, endorsements, UCC releases and other instruments of conveyance and
transfer, requested by, and satisfactory in form and substance to, the Buyer and Buyer's counsel, as shall be effective to vest
in the Buyer on the Closing Date good and marketable title to the Assets, free and clear of all liens, charges, Encumbrances and
adverse Claims

 

(c)          No
action or proceeding against the Seller, the Seller Members, or the Buyer shall have been instituted before a court or other Governmental
Authority which, if successful, would prohibit the consummation of, or require substantial rescission of, the transactions contemplated
under this Agreement or the other Transaction Documents. There shall be no Claim made or threatened by any Person other than the
Seller, that such Person: (i) is the holder or the beneficial owner of, or has any right to acquire or obtain beneficial ownership
of, the Assets or any stock or, or any other voting, asset or ownership interest in the Seller; or (ii) is entitled to all or any
portion of the Purchase Price.

 

(d)          The
Buyer shall be satisfied with the results of a recent Uniform Commercial Code, Tax and judgment lien search against the Seller
in the jurisdictions listed on Schedule 5.2, and Seller shall deliver to the Buyer evidence reasonably satisfactory to the
Buyer, that all Encumbrances on the Assets (other than Permitted Encumbrances) have been or, at the Closing, will be satisfied,
terminated, released or waived, as appropriate.

 

(e)          The
Buyer shall be satisfied with the Buyer's review of the environmental condition of the Business Locations, including (but not limited
to) that such review does not indicate that there has been any violation of any Environmental Law or that there is an environmental
condition requiring remediation.

 

(f)          All
Required Consents shall have been obtained and delivered to the Buyer.

 

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(g)          No
statute, rule or regulation shall have been enacted by any Governmental Authority which would render the consummation of this Agreement
or the other Transaction Documents unlawful.

 

(h)          There
shall have been no Material Adverse Effect since April 1, 2017.

 

(i)          The
Buyer shall be satisfied with the Buyer's due diligence review for or related to the transactions contemplated by this Agreement
or the other Transaction Documents, including (but not limited to) the Buyer's investigation and review of the Assets, the Seller,
and the Due Diligence Information.

 

(j)          No
Party hereto shall be under an injunction or other legal restriction which makes unlawful the closing of the transactions contemplated
by this Agreement or the other Transaction Documents, there shall not be instituted or threatened any litigation or proceeding
which either separately or in the aggregate would reasonably be expected to have a Material Adverse Effect or that would materially
and adversely affect the consummation of the transactions contemplated by this Agreement or the other Transaction Documents, and
there shall not have been suffered any casualty or loss, whether or not covered by insurance, which either alone or in the aggregate
has had a Material Adverse Effect.

 

(k)          The
Seller shall have taken all action necessary to authorize, execute, deliver and consummate this Agreement and the other Transaction
Documents.

 

(l)          The
Buyer shall have secured financing from a bank or financial institution for the transactions contemplated by this Agreement and/or
the other Transaction Documents (including, but not limited to, for the payment of the Closing Cash) and for post-Closing working
capital, on terms and conditions acceptable to the Buyer.

 

(m)          The
Buyer, in the Buyer's reasonable discretion, shall be satisfied with the Buyer's review of the Closing Estimated Net Working Capital
contained in the Pre-Closing Certificate.

 

(n)          The
Seller shall have terminated and repaid in full any and all loans and lines of credit for the Seller with all banks and other financial
institutions.

 

8.2         Conditions
to Seller's Obligations. The obligation of the Seller to consummate the sale of the Assets to the Buyer pursuant to this
Agreement is and shall be subject to satisfaction and fulfillment of or compliance with, on the Closing Date, the following conditions
precedent, any of which may be waived by the Seller:

 

(a)          Each
of the representations and warranties of the Buyer contained in this Agreement or in the other Transaction Documents, shall be
true, correct and complete in all material respects, and the Seller shall have received from the Buyer a certificate to such effect,
dated as of the Closing Date in form and substanc e satisfactory to counsel for the Seller. The Buyer shall have performed and
complied in all material respects with all agreements, covenants and conditions required by this Agreement or the other Transaction
Documents to be performed or complied with by it prior to or at the Closing, and the Seller shall have accepted the form and content
of all exhibits, Schedules and documents to be delivered by the Seller and the Seller Members at the Closing.

 

(b)          No
action or proceeding against the Seller, the Seller Members, or the Buyer shall have been instituted before a court or other Governmental
Authority which, if successful, would prohibit the consummation of, or require substantial rescission of, the transactions contemplated
under this Agreement or the other Transaction Documents.

 

(c)          The
Seller shall have received the documents, instruments and other items identified in Section 4.3 hereof.

 

(d)          The
Buyer shall have taken all action necessary to authorize, execute, deliver and consummate this Agreement and the other Transaction
Documents.

 

(e)          The
Seller, in the Seller’s reasonable discretion, shall be satisfied with tits review of the Closing Estimated Net Working Capital
contained in the Pre-Closing Certificate.

 

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(f)          The
Seller shall be satisfied with its review of the RMR Stock Documents.

 

(g)          RMR
Industrials, Inc. will have committed to guarantee the Lease Agreements and deliver the RMR Stock.

 

ARTICLE 9

INDEMNIFICATION

 

9.1         Indemnification
of The Seller and the Seller Member. Subject to the limitations, conditions and provisions set forth in this Agreement,
the Seller and the Seller Members agree and covenant to the Buyer to defend indemnify, reimburse and to hold harmless each of the
Buyer and the respective Affiliates of the Buyer (hereinafter, the Buyer and such Affiliates may collectively be referred to as
the "Buyer Indemnified Parties") from and against and in respect of any and all Damages incurred or sustained by the
Buyer Indemnified Parties from, related to or arising out of (collectively, the "Indemnified Obligations of Seller Parties"):

 

(a)          Any
and all Nonassumed Liabilities and/or any other Liabilities of and/or against the Seller and/or the Seller Members (whether known
or unknown and whether disclosed or undisclosed) which are not specifically assumed by the Buyer pursuant to the terms and provisions
of this Agreement.

 

(b)          Any
breach of any of the representations or warranties made by the Seller and/or the Seller Members in this Agreement (including, but
not limited to, the representations and warranties contained in Article 5 of this Agreement) or the other Transaction Documents
or any failure by the Seller and/or the Seller Members to perform any agreement, obligation or covenant on the part of the Seller
and/or the Seller Members under this Agreement, the Noncompetition Agreement and/or the other Transaction Documents, or from any
misrepresentation in or omission from any Schedule, Due Diligence Information, certificate or other instrument furnished or to
be furnished by or on behalf of the Seller and/or the Seller Members to the Buyer hereunder, whether known or unknown and whether
disclosed or undisclosed.

 

(c)          Any
and all acts, omissions, Claims and/or Liabilities of or against any of the Seller or the Seller Members only to the extent that
they materially relate to the Seller’s Business, whether known or unknown, whether disclosed or undisclosed, which occurred
or failed to occur (as appropriate) on or before the Closing Date.

 

(d)          Any
and all acts and/or omissions of any of the directors, officers, managers, employees only to the extent that they materially relate
to the Seller’s Business of the Seller, on or prior to the Closing Date, whether known or unknown, whether disclosed or undisclosed.

 

(e)          Any
Environmental Claims arising from or related to acts, omissions, facts or circumstances occurring or failing to occur on or prior
to the Closing Date, whether known or unknown, whether disclosed or undisclosed.

 

(f)          Any
Product Claims, whether known or unknown, whether disclosed or undisclosed.

 

(g)          Any
Damages arising from or related to the Plans, whether known or unknown, whether disclosed or undisclosed.

 

(h)          Any
product shipped or manufactured by, or any services provided by the Seller on or prior to the Closing Date, whether known or unknown
and whether disclosed or undisclosed.

 

(i)          Any
Liability or obligation in respect of any matter which is the subject of any litigation or claim pending or threatened as of the
Closing Date, whether known or unknown and whether disclosed or undisclosed.

 

(j)          Any
and all Liabilities for Taxes, whether known or unknown and whether disclosed or undisclosed; without limiting the generality of
the foregoing, for the purposes of the indemnification for Taxes, provided by the Seller to the Buyer Indemnified Parties in this
Subsection, Taxes shall include therein (but not be limited to) any and all Taxes (or the non-payment thereof), costs and expenses
(including but not limited to, accounting fees and attorneys' fees):

 

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(i)          of
the Seller for all taxable periods ending on or before the Closing Date and the portion through the end of the Closing Date for
any taxable period that includes (but does not end on) the Closing Date;

 

(ii)         of
any Person (other than the Seller) imposed on the Seller, as a transferee or successor, by contract or pursuant to any law, rule,
regulation or Legal Requirements.

 

(k)          Any
Claims a Seller Member may have against the Seller, whether known or unknown and whether disclosed or undisclosed.

 

(l)          Any
Employment Liabilities and/or Claims of, from, made by or related to any employees of the Seller arising from actions, omissions,
facts and/or circumstances occurring or failing to occur (as appropriate) on or before the Closing Date, whether disclosed or undisclosed,
including (but not limited to) Claims: (i) for discrimination, (ii) arising from or related to the severance or termination of
employment of such employees, (iii) from the employees for compensation, overtime, fringe benefits or other similar items, (iv)
that the Seller owes any Indebtedness, Liability, sum or amount to any such employee; (v) that the Seller owes any Indebtedness,
Liability, sum or amount to any Person arising out of or related to any and all rights, duties and obligations of indemnification
from or by the Seller contained in the Organizational Documents; and/or (vi) arising from or related to WARN, and/or the failure
of the Seller to fully comply with each of the foregoing.

 

(m)          Any
and all Claims, Liabilities, costs and/or expenses arising from or related to the Seller's Litigation, whether known or unknown
and whether disclosed or undisclosed.

 

(n)          All
reasonable costs and expenses (including reasonable attorneys' fees) incurred by the Buyer Indemnified Parties in connection with
any Claim, action, suit, arbitration or other proceeding, demand, assessment or judgment incident to any of the matters the Buyer
Indemnified Parties are indemnified against by the Seller in this Agreement.

 

9.1.1      Indemnification
Cap. Except with respect to Section 13.3(b) herein, the entirety of Indemnification rights and remedies of the Buyer Indemnified
Parties for the Indemnified Obligations of Seller Parties shall not exceed four millions dollars ($4,000,000) in the Damages arising
from or related to the Indemnified Obligations of Seller Parties . Any claim for Damages must be first satisfied by an Off-Set
against payments due under the Purchase Note. The exercise of the Right of Off-Set by the Buyer shall not be deemed a breach or
default by the Buyer of this Agreement, or any of the other Transaction Documents. The Buyer may only seek Indemnification when
the Damages arising from or related to the Indemnified Obligations of Seller Parties reach a minimum, in the aggregate, of Fifty
Thousand dollars ($50,000).

 

Notwithstanding the foregoing, the limitations set forth in
this Section 9.1.1 shall not apply to any Damages arising from or related to the Indemnified Obligations of Seller Parties
related to Seller’s and/or the Seller Members representations and warranties set forth in Section 13.3(b) herein, and around:
(i) Seller’s organizational authority; (ii) Seller’s title to the Business or the Assets; (iii) Environmental Claims;
(iv) Taxes; (v) Seller’s Litigation and/or Product Claims; or (v) Seller’s and/or Seller Members’ false, misleading,
or incomplete statements or disclosures.”

 

9.2         Buyer's
Indemnification. Subject to the limitations, conditions and provisions set forth in this Agreement, the Buyer hereby agrees
and covenants to the Seller and the Seller Members to indemnify, defend, reimburse, and to hold harmless the Seller and the Seller
Members (hereinafter, the Seller and the Seller Members may be referred to as the "Seller Indemnified Parties")
from and against and in respect of any Damages incurred or sustained by the Seller Indemnified Parties from, related to or arising
out of:

 

(a)          Any
and all liabilities and obligations of, relating to or arising out of the ownership or operation of, the Assets occurring after
the Closing Date.

 

(b)          Any
breach of any of the representations or warranties made by the Buyer in this Agreement and/or the other Transaction Documents or
any failure by the Buyer to perform any agreement or covenant on the part of the Buyer under this Agreement, or from any misrepresentation
in or omission from any certificate or other instrument furnished or to be furnished by the Buyer to the Seller hereunder.

 

     34

     

    

 

(c)          All
reasonable costs and expenses (including reasonable attorneys' fees) incurred by the Seller Indemnified Parties in connection with
any action, suit, arbitration or other proceeding, demand, assessment or judgment incident to any of the matters the Seller Indemnified
Parties are indemnified against by the Buyer in this Agreement.

 

9.3         Indemnification
Procedure for Third Party Claims Against Indemnified Parties (a) In the event that subsequent to the Closing any Buyer
Indemnified Party or any Seller Indemnified Party (each, an "Indemnified Party") receives notice of the assertion
of any claim or of the commencement of any action or proceeding by any entity who is not a party to this Agreement or any Affiliates
thereof (including, but not limited to any Governmental Authority) (a "Third Party Claim") against such Indemnified
Party, with respect to which the Buyer the Seller or the Seller Members as appropriate ("Indemnifying Party")
are required (respectively) to provide indemnification under this Agreement, the Indemnified Party shall promptly give written
notice together with a statement of any available information regarding such Third Party Claim to the Indemnifying Party after
learning of such claim (the "Third Party Indemnification Notice"). The Indemnifying Party shall have the right,
upon written notice to the Indemnified Party (the "Defense Notice") within thirty (30) days after receipt from
an Indemnified Party of the Third Party Indemnification Notice, to conduct at its expense the defense against such claim in its
own name or, if necessary, in the name of the Indemnified Party. The giving of a Defense Notice shall constitute an acknowledgement
by the Indemnifying Party that it is obligated to indemnify the Indemnified Party in respect of the Third Party Claim.

 

(a)          In
the event the Indemnifying Party shall fail to give the Defense Notice within the time and as prescribed by Section Error! Reference
source not found., then in any such event the Indemnified Party shall have the right to conduct such defense in good faith
with counsel reasonably acceptable to the Indemnifying Party, but the Indemnified Party shall be prohibited from compromising or
settling the Third Party Claim without the prior writ ten consent of the Indemnifying Party, which consent shall not be unreasonably
withheld or delayed.

 

(b)          In
the event that the Indemnifying Party does deliver a Defense Notice and thereby elects to conduct the defense of the subject Third
Party Claim, the Indemnified Party will cooperate with and make available to the Indemnifying Party such assistance, documents
and materials as the Indemnifying Party may reasonably request, all at the expense of the Indemnifying Party. Regardless of which
party defends such claim, the other Party shall have the right (at the expense of the Indemnifying Party) to participate in the
defense assisted by counsel of its own choosing. Without the prior written consent of the Indemnified Party, which consent shall
not be unreasonably withheld, the Indemnifying Party shall not enter into any settlement of any Third Party Claim if pursuant
to or as a result of such settlement, such settlement would lead to liability or create any financial or other obligation on the
part of, or otherwise adversely affect, the Indemnified Party, for which the Indemnified Party is not entitled to indemnification
hereunder.

 

(c)          Any
judgment entered or settlement agreed upon in the manner provided herein shall be binding upon the Indemnifying Party subject to
the $4,000,000 Indemnification Cap, and shall be conclusively deemed to be an obligation with respect to which the Indemnified
Party is entitled to prompt indemnification hereunder, subject to the Indemnifying Party's right to appeal an appealable judgment
or order.

 

(d)          Any
failure by an Indemnified Party to give a timely, complete or accurate Third Party Indemnification Notice as provided in this Article
9 will not affect the rights or obligations of any party hereunder except and only to the extent that, as a result of such failure,
any party entitled to receive such Third Party Indemnification Notice was deprived of its right to recover any payment under its
applicable insurance coverage or was otherwise adversely affected or damaged as a result of such failure to give a timely, complete
and accurate Third Party Indemnification Notice.

 

9.4         Notice
of Claims Made by a Party.

 

(a)          In
the case of a Claim for indemnification under Section 9.1 or Section 9.2 hereof (other than a Third Party Claim), upon determination
by a Buyer Indemnified Party or a Seller Indemnified Party, as the case may be, that it has such a Claim for indemnification (a
"Party Indemnification Claim"), the Indemnified Party shall deliver notice of such Party Indemnification Claim
to the Indemnifying Party, setting forth in reasonable detail the basis of such claim for indemnification(each, an "Indemnification
Notice"). Upon the Indemnification Notice having been given to the Indemnifying Party, the Indemnifying Party shall have
thirty (30) days in which to notify the Indemnified Party in writing (the "Indemnification Dispute Notice") that
the amount of the Party Indemnification Claim is in dispute, setting forth in reasonable detail the basis of such dispute. In the
event that an Indemnification Dispute Notice is not given to the Indemnified Party within the required thirty (30) day period,
the Indemnifying Party shall be obligated to pay to the Indemnified Party the amount of the Party Indemnification Claim set forth
in the Indemnification Notice within sixty (60) days after the date that the Indemnification Notice had been given to the Indemnifying
Party.

 

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(b)          In
the event an Indemnification Dispute Notice is timely given to an Indemnified Party, the parties shall have thirty (30) days to
resolve the dispute or a reasonable extension if the Claim cannot be resolved in thirty days. In the event the dispute is not resolved
by the Parties within the required period, the Parties shall have the right to pursue all available legal rights and remedies arising
from or to resolve, such dispute, including (but not limited to) the Indemnification Right of Off-Set set forth in Section 9.1
of this Agreement or in the event of a Buyer default, then termination of the Lease Agreements and Purchase Options.

 

9.5         Contingent
Liability; Trust Obligation. A Party's respective duties and obligations to defend, indemnify, reimburse and/or hold harmless
the other Parties under this Agreement (including, but not limited to, under Article 9 hereof) and/or the other Transaction Documents,
shall be a contingent Liability of such Party until such duties and obligations have been performed and satisfied in full or have
expired. The Seller and the Seller Members acknowledge and agree that their respective receipt (either directly or indirectly)
of any of the proceeds from the Purchase Note are held subject to and in trust for eighteen months after Closing for the performance
and satisfaction by the Seller and the Seller Members of the respective agreements, covenants, indemnifications, duties and obligations
of or by the Seller and the Seller Members under this Agreement and the other Transaction Documents, including (but not limited
to) the Indemnified Obligations of Seller Parties.

 

ARTICLE 10

NOTICES

 

10.1       Notices.
All notices required or permitted to be given under or pursuant to this Agreement shall be in writing and shall be deemed to have
been fully given upon personal delivery, or the next business day if sent via a nationally recognized overnight courier service,
or three (3) Business Days after being sent by certified mail, postage prepaid, via the United States Postal Service. The notices
and communications shall be addressed as follows:

 

	To the Buyer:	RMR Industrials, Inc.
	 	Attn: Gregory Dangler
	 	9301 Wilshire Blvd., Suite 312
	 	Beverly Hills, CA  90210
	 	 
	With a copy to:	Greenberg Traurig, LLP
	 	Attn: Marc Musyl
	 	1200 17th Street, Suite 2400
	 	Denver, CO  80202
	 	 
	To the Seller:	Metro Mix, LLC
	 	Attn: Keith Minor & Eric Tyrrell
	 	6820 N. Broadway, Unit A
	 	Denver, CO 80221
	 	 
	With a copy to:	Michael R. Smith, PC
	 	9853 W. Hawaii Dr.
	 	Lakewood, CO  80232

 

Any party may, by written notice to the other, change the address
for notices to be sent to such party.

 

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ARTICLE 11

TERMINATION

 

11.1       Termination.
This Agreement may be terminated at any time prior to the Closing:

 

(a)          by
mutual written agreement of the Buyer and Seller at any time;

 

(b)          by
the Seller, upon a material breach of any representation, warranty, covenant or agreement on the part of the Buyer set forth in
this Agreement and/or any other Transaction Document, or if any representation or warranty of the Buyer shall have become untrue,
in either case such that the conditions set forth in Section 8.2 would not be satisfied as of the time of such breach or as of
the time such representation or warranty shall have become untrue, provided, that if such breach by the Buyer is curable by the
Buyer prior to the Closing Date, then Seller may not terminate this Agreement under this Section 11.1(b) for thirty (30) days after
delivery of written notice from Seller to the Buyer of such breach, provided the Buyer continues to exercise commercially reasonable
efforts to cure such breach (it being understood that the Seller may not terminate this Agreement pursuant to this Section, if
the Seller and/or the Seller Members shall have materially breached this Agreement or if the breach by the Buyer is cured during
such thirty (30)-day period);

 

(c)          by
the Buyer, upon a material breach of any representation, warranty, covenant or agreement on the part of the Seller and/or the Seller
Members set forth in this Agreement and/or any other Transaction Document, or if any representation or warranty of the Seller and/or
the Seller Members shall have become untrue, in either case such that the conditions set forth in Section 8.1 would not be satisfied
as of the time of such breach or as of the time such representation or warranty shall have become untrue, provided, that if such
breach is curable by Seller and /or the Seller Members prior to the Closing Date, then the Buyer may not terminate this Agreement
under this Section 11.1(c) for thirty (30) days after delivery of written notice from the Buyer to the Seller of such breach, provided
the Seller and/or the Seller Members continue to exercise commercially reasonable efforts to cure such breach (it being understood
that the Buyer may not terminate this Agreement pursuant to this Section 11.1(c) if any of the Buyer shall have materially breached
this Agreement or if the breach by the Seller and/or the Seller Member is cured during such thirty (30) -day period);

 

(d)          by
the Buyer if each and every one of the conditions to the Buyer's obligations set forth in Section 8.1 of this Agreement, have not
been fully performed and satisfied on or before June 1, 2017;

 

(e)          by
the Seller if each and every one of the conditions to the Seller's obligations set forth in Section 8.2 of this Agreement, have
not been fully performed and satisfied on or before June 1, 2017;

 

(f)          by
the Buyer or the Seller in the event the Closing shall not have occurred on or before June 30, 2017, unless extended by mutual
written agreement;

 

11.2       Notice
of Termination; Effect of Termination. Any termination of this Agreement under Section 11.1 above will be effective immediately
upon (subject to the proviso therein for application thirty (30) days thereafter) the delivery of written notice of the terminating
Party to the other Parties hereto. In the event of the termination of this Agreement as provided in Section 11.1, this Agreement
shall be of no further force or effect and the Acquisition shall be abandoned, except for and subject to the following: (i) Section
7.16, and Article 12 (Miscellaneous) shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any
party from liability for any breach of this Agreement and/or the other Transaction Documents.

 

ARTICLE 12

GOVERNING LAW; JURISDICTION

 

12.1       Governing
Law. Except as may otherwise be provided in this Agreement, this Agreement shall be governed and construed in accordance
with the laws of the State of Colorado, applicable to contracts executed in and to be wholly-performed within that state without
regard to any applicable principles of conflicts of law.

 

12.2        Jurisdiction.
EACH PARTY TO THIS AGREEMENT HEREBY IRREVOCABLY AGREES THAT, EXCEPT AS MAY OTHERWISE BE PROVIDED IN THIS AGREEMENT (INCLUDING,
BUT NOT LIMITED TO, SECTIONS 3.3 AND 9.3 HEREOF), ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT,
THE OTHER DOCUMENTS EXECUTED IN CONNECTION HEREWITH OR ANY OTHER AGREEMENT OR TRANSACTION CONTEMPLATED HEREBY SHALL ONLY BE BROUGHT
IN THE COMPETENT COURTS OF DENVER COUNTY, COLORADO OR THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO.

 

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ARTICLE 13

MISCELLANEOUS

 

13.1       Expenses.
Each party shall bear its respective costs and expenses (including, but not limited to, accountants and attorneys fees) related
to or arising from the transactions contemplated by this Agreement and the other Transaction Documents and/or from any and all
disputes (and the resolution thereof) among the parties hereto, including but not limited to those costs and expenses for the
preparation and negotiation of the terms and provisions of this Agreement and the other Transaction Documents.

 

13.2       Specific
Performance. The Buyer, the Seller, and the Seller Members agree that irreparable damage would occur if any provision of
this Agreement were not performed in accordance with the terms hereof, and that the Buyer, the Seller, and the Seller Members sole
remedy shall be to commence an action for specific performance of the terms hereof no later than September 1, 2017.

 

13.3       Survival.
(a) Except for the representations and warranties of the Seller and the Seller Members regarding:

 

		(i)	title to and sufficiency of the Assets of the Seller, including
but not limited to those contained in Sections 5.3, 5.17, 5.18, 5.19 and 5.22 of this Agreement;

 

		(ii)	the Seller's Litigation, including, but not limited to,
those contained in Section 5.5 of this Agreement;

 

		(iii)	Taxes, including but not limited to those contained in
Section 5.7 of this Agreement;

 

		(iv)	Plans of the Seller, including but not limited to those
contained in Section 5.14 of this Agreement;

 

		(v)	Environmental Laws and/or environmental matters, including
but not limited to those contained in Section 5.15 of this Agreement; and/or

 

		(vi)	Seller’s and/or Seller Members’ false, misleading,
or incomplete statements or disclosures,

 

the respective representations and warranties made by the Parties
in this Agreement and/or the other Transaction Documents shall survive the Closing for a period of eighteen (18) months thereafter.

 

(b)          The
representations and warranties of the Seller and the Seller Members contained in this Agreement regarding:

 

		(i)	title to and sufficiency of the Assets of the Seller, including
but not limited to those contained in Sections 5.3, 5.17, 5.18, 5.19 and 5.22 of this Agreement;

 

		(ii)	the Seller's Litigation, including, but not limited to,
those contained in Section 5.5 of this Agreement;

 

		(iii)	Taxes, including but not limited to those contained in
Section 5.7 of this Agreement;

 

		(iv)	Plans of the Seller, including but not limited to those
contained in Section 5.14 of this Agreement;

 

		(v)	Environmental Laws and/or environmental matters, including
but not limited to those contained in Section 5.15 of this Agreement; and/or

 

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		(vi)	Seller’s and/or Seller Members’ false statements
or disclosures,

 

shall each survive the Closing for the respective statute of
limitations provided by applicable law.

 

(c)          The
respective agreements, covenants, obligations and indemnifications of the Parties contained in Purchase Note, Noncompetition Agreement,
and RMR Stock Documents shall survive the Closing of the transactions contemplated by this Agreement until all such agreements,
covenants, obligations and indemnifications contained therein have been performed and satisfied in full.

 

13.4       Assignment.
Prior to the Closing Date, no party hereto may assign or transfer its rights or obligations arising under this Agreement, without
the prior written consent of the other party hereto; provided, however, that the Buyer shall have the right in its sole discretion
to assign its rights and obligations under this Agreement and the documents and agreements executed in connection herewith, to
any of its Affiliates, provided that a fully executed copy of such instrument of assignment is delivered to the Seller, it being
understood and agreed that no such assignment shall relieve the Buyer of any of its duties, liabilities or obligations hereunder
or under the documents and agreements executed in connection herewith.

 

13.5       Entire
Agreement. This Agreement, together with any and all exhibits and Schedules attached hereto and/or documents and instruments
executed in connection herewith, contains the entire understanding of the parties concerning the subject matter hereof, and there
are no promises, agreements, conditions , understandings, warranties or representations (oral or written, express or implied) regarding
the subject matter of this Agreement other than as set forth in this Agreement. Any and all prior agreements with respect to the
subject matter of this Agreement are hereby revoked and forever terminated. This Agreement is, and is intended by the parties
hereto to be, an integration of any and all prior agreements or understandings (oral or written) with respect to the subject matter
of this Agreement, and this Agreement shall not be amended or modified except upon the mutual written agreement of the Parties.
The Parties to this Agreement have mutually contributed to the drafting of this Agreement. No provision of this Agreement shall
be construed against any party on the ground that such party or its counsel drafted the provisions or that the provision contains
a covenant of such party. The captions and section headings used in this Agreement are for convenience and reference only, and
they are not a part of this Agreement and they shall not be used in the interpretation of the terms and conditions of this Agreement.
Any and all exhibits, schedules and attachments to or for this Agreement, are incorporated herein and made a part of this Agreement.
The recitals hereinabove contained in the "WHEREAS" clauses are true, accurate and complete and are incorporated herein
and made a part of this Agreement. The captions and section headings used in this Agreement are for convenience and reference only,
and they are not a part of this Agreement and they shall not be used in the interpretation of the terms and conditions of this
Agreement. Each of the Parties to this Agreement hereby acknowledge and agree that photocopies of this Agreement and/or any of
the other Transaction Documents, shall each have the same force and effect as originally executed versions of such documents for
all purposes and for the performance, conduct and exercise of the respective rights, benefits, duties and/or obligations of the
Parties herein or therein.

 

13.6       Remedies
Cumulative. Except as provided by Article 9, each and all of the rights and remedies in this Agreement provided, and each
and all of the rights and remedies allowed at law and in asset in like case, shall be cumulative, and the exercise of one right
or remedy shall not be exclusive of the right to exercise or resort to any and all other rights or remedies provided in this Agreement
or at law or in asset.

 

13.7       No
Third Party Beneficiaries. Except as provided below, this Agreement shall inure to the benefit of the Buyer, Seller, Seller
and their respective successors and permitted assigns only. Notwithstanding any provision herein to the contrary, the Buyer and
the Seller agree that nothing in this Agreement will be construed as giving any Person, other than the parties hereto and their
successors and permitted assigns, any right, remedy or claim under or with respect to this Agreement.

 

13.8       Brokers.
The Seller and the Buyer warrant and represent to the other that no brokers, finders or other persons have been hired, retained
or contracted with in connection with the transactions contemplated by this Agreement and hereby agree to defend, indemnify and
hold each other harmless from and against any liability or claim (and all expenses, including attorneys' fees, incurred in defending
any such claim or enforcing this indemnity) for a brokerage commission or similar fee or compensation arising out of or in any
way connected with any Claims dealing with the indemnitor or relating to this Agreement. This indemnification shall survive the
rescission, cancellation, termination or consummation of this Agreement.

 

     39

     

    

 

13.9       Confidentiality.
The parties confirm that each remain subject to the terms of the November 29, 2016 Confidentiality Agreement (Mutual NDA).
Buyer agrees that Buyer will, and will cause its officers, managers, employees, and other representatives to, hold in strict confidence
and not reveal to any third party any document or information obtained from Seller in connection with this Agreement except as
required by law. Upon termination of this Agreement, the Buyer shall return to Seller all documentation received from Seller (in
any format), delete any electronic copies in its files or the files of its representatives, and verify such actions in writing
to Seller. Buyer shall not reveal any information provided by Seller to any third party. Furthermore, if this Transaction is terminated,
Buyer and its Affiliates shall not hire Buyer’s employees for a period of two years thereafter.

 

13.10     Miscellaneous.
The failure of a party to insist, in any one or more instances, upon performance of any of its terms or conditions of this Agreement,
shall not be construed as a waiver or relinquishment of any rights granted hereunder or the future performance of any such term,
covenant or condition. Each party to this Agreement hereby waives the defenses of want of consideration or failure of consideration,
in any enforcement of this Agreement. In the event that any of the terms or provisions of this Agreement shall, to any extent,
be found by a court of competent jurisdiction to be invalid or unenforceable, then the remaining terms and provisions of this Agreement
shall not be affected thereby, and each term and provision of this Agreement shall remain and be valid and shall be enforced to
the fullest extent, or to the fullest lesser extent, as permitted by law. This Agreement shall be binding on and inure to the benefit
of the parties to this Agreement and their respective heirs, executors, administrators, legal representatives, successors and permitted
assigns. The use of any gender herein shall be deemed to be or include the other genders and the use of the singular shall be deemed
to be or include the plural (and vice versa), whenever appropriate. The failure of a party to insist, in any one or more instances,
upon performance of any of its terms or conditions of this Agreement, shall not be construed as a waiver or relinquishment of any
rights granted hereunder or the future performance of any such term, covenant or condition. This Agreement shall be binding on
and inure to the benefit of the parties to this Agreement and their respective heirs, executors, administrators, legal representatives,
successors and permitted assigns. The use of any gender herein shall be deemed to be or include the other genders and the use of
the singular shall be deemed to be or include the plural (and vice versa), whenever appropriate. From time to time, without
any further consideration, each party shall execute and deliver to the other party such additional documents and/or instruments
as may be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

13.12     Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which shall
constitute one and the same agreement, which shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. It shall not be necessary that each party execute each counterpart, or that any one counterpart be executed
by more than one party, so long as each party executed at least one counterpart. This Agreement may be executed by way of photocopy
counterparts, telephonic transmission facsimile counterparts, electronic counterparts, email counterparts and/or digital counterparts,
with such photocopy counterparts, telephonic transmission facsimile counterparts, electronic counterparts, email counterparts
and digital counterparts, each having the same force and effect as originally executed counterparts.

 

[The remainder of this page has intentionally
been left blank

the next page contains the signatures of the Parties hereto.]

 

     40

     

    

 

IN WITNESS WHEREOF, the Parties hereto have duly executed
this Agreement on the day and year first above written.

 

	 	Seller:
	 	 
	 	METRO MIX, LLC
	 	 	 
	 	By:	/s/ Keith Minor
	 	 	Keith Minor, Manager
	 	 	 
	 	 	/s/ Eric Tyrrell
	 	 	Eric Tyrrell, Manager
	 	 
	 	Buyer:
	 	 	 
	 	By:	/s/ Gregory M. Dangler
	 	Gregory M. Dangler, President
	 	 
	 	Acknowledged:
	 	RMR Industrials, Inc.
	 	 	 
	 	By:	/s/ Gregory M. Dangler
	 	Gregory M. Dangler, President

 

     41

     

    

 

LIST OF SCHEDULES

 

	Schedule 1.1-B	-	Due Diligence Request List
	Schedule 1.1-C	-	Additional Permitted Encumbrances
	Schedule 2.1	-	Assets
	Schedule 2.6(a)	-	Denver Business Location
	Schedule 2.6(b)	-	Assigned Contracts
	Schedule 2.7	-	Customer Orders
	Schedule 2.8	-	Trade Payables
	Schedule 4.4	-	Purchase Price Allocation and IRS Forms 8594
	Schedule 5.1	-	Qualified Jurisdictions
	Schedule 5.2	-	UCC Search Results
	Schedule 5.3	-	Titled Assets
	Schedule 5.5	-	Litigation
	Schedule 5.7	-	Taxes
	Schedule 5.8	-	Employees
	Schedule 5.9	-	Material Adverse Effect
	Schedule 5.10	-	Financial Statements
	Schedule 5.11	-	Ordinary Due Course
	Schedule 5.12	-	Intellectual Property
	Schedule 5.14	-	ERISA
	Schedule 5.15	-	Environmental
	Schedule 5.16	-	Insurance
	Schedule 5.17	-	Inventory
	Schedule 5.18	-	Accounts Receivable
	Schedule 5.22	-	Assets
	Schedule 5.28	-	Suppliers and Customers
	Schedule 5.29	-	Licenses and Permits
	Schedule 5.31	-	Material Agreements
	Schedule 7.4	-	Product Claims

 

	LIST OF EXHIBITS	 	 
	 	 	 
	Exhibit A	-	Lease Agreements
	Exhibit B	-	Bill of Sale and Assignment of Contracts
	Exhibit C	-	Noncompetition Agreement
	Exhibit D	-	Purchase Note

 

     42Exhibit 10.1

 

YI XI XIN, INC.

REGULATION S SUBSCRIPTION AGREEMENT

 

SECTION 1.

 

1.1           Subscription.  The
undersigned, ___________, intending to be legally bound, hereby irrevocably subscribes for and agrees to purchase ______________
shares (the “Shares”) of the common stock (the “Common Stock”) of YI XI XIN, INC., a Nevada corporation
(the "Company") in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”).

 

1.2           Purchase
of Shares.    The undersigned understands and acknowledges that the purchase price to be remitted to the Company
in exchange for the Shares shall be an aggregate of ____________________ or $_________ per Share.  The Company shall
deliver the Shares to the undersigned promptly after the acceptance of this Subscription Agreement by the Company.

 

1.3           Acceptance
or Rejection.

 

(a)  The undersigned understands and
agrees that the Company reserves the right to reject this subscription for the Shares if, in its reasonable judgment, it deems
such action in the best interest of the Company, at any time prior to the Closing, notwithstanding prior receipt by the undersigned
of notice of acceptance of the undersigned's subscription.

 

(b)   The undersigned understands
and agrees that its subscription for the Shares is irrevocable.

 

(c)   In the event the sale of
the Shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription
Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned
and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or
cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon
or deduction therefrom, in exchange for the Shares.

 

SECTION 2.

 

2.1           Closing.  The
closing (the "Closing") of the purchase and sale of the Shares, shall occur simultaneously with the acceptance by the
Company of the undersigned's subscription, as evidenced by the Company's execution of this Subscription Agreement.

 

SECTION 3.

 

3.1           Investor
Representations and Warranties.   The undersigned hereby acknowledges, represents and warrants to, and agrees
with, the Company and its affiliates as follows:

 

(a)   Investment
Purposes.  The undersigned is acquiring the Shares for his own account as principal, not as a nominee or
agent, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof in
whole or in part and no other person has a direct or indirect beneficial interest in such Shares or any portion
thereof.  Further, the undersigned does not have any contract, undertaking, agreement or arrangement with
any person to sell, transfer or grant participations to such person or to any third person, with respect to the Shares for
which the undersigned is subscribing or any part of the Shares.

 

    -1-

    

    

(b)   Authority.  The
undersigned has full power and authority to enter into this Agreement, the execution and delivery of this Agreement has been duly
authorized, if applicable, and this Agreement constitutes a valid and legally binding obligation of the undersigned.

 

(c)    No Marketing in
United States.  The undersigned is not subscribing for the Shares as a result of or subsequent to any of the following
marketing activities in the United States: any advertisement, article, notice or other communication published in any newspaper,
magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any solicitation of
a subscription by person previously not known to the undersigned in connection with investment securities generally.

 

(d)   No Obligation to Register
Shares.  The undersigned understands that the Company is under no obligation to register the Shares under the Securities
Act, or to assist the undersigned in complying with the Securities Act or the securities laws of any state of the United States
or of any foreign jurisdiction.

 

(e)  Investment Experience.  The
undersigned is (i) experienced in making investments of the kind described in this Agreement, (ii) able, by reason of the business
and financial experience of its officers (if an entity) and professional advisors (who are not affiliated with or compensated in
any way by the Company or any of its affiliates or selling agents), to protect its own interests in connection with the transactions
described in this Agreement, and (iii) able to afford the entire loss of its investment in the Shares. 

 

(f)  Exemption from Registration.  The
undersigned acknowledges his understanding that the offering and sale of the Shares is intended to be exempt from registration
under the Securities Act.  In furtherance thereof, in addition to the other representations and warranties of the undersigned
made herein, the undersigned further represents and warrants to and agrees with the Company and its affiliates as follows:

 

(1)           The
undersigned realizes that the basis for the exemption may not be present if, notwithstanding such representations, the undersigned
has in mind merely acquiring the Shares for a fixed or determinable period in the future, or for a market rise, or for sale if
the market does not rise.  The undersigned does not have any such intention;

 

(2)           The
undersigned has the financial ability to bear the economic risk of his investment, has adequate means for providing for his current
needs and personal contingencies and has no need for liquidity with respect to his investment in the Company; and

 

(3)           The
undersigned has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks
of the prospective investment in the Shares.  The undersigned also represents it has not been organized for the purpose
of acquiring the Shares; and

 

(4)           The
undersigned has been provided an opportunity for a reasonable period of time prior to the date hereof to obtain additional information
concerning the offering of the Shares, the Company and all other information to the extent the Company possesses such information
or can acquire it without unreasonable effort or expense.

 

(g)           Economic
Considerations.  The undersigned is not relying on the Company, or its affiliates or agents with respect to economic
considerations involved in this investment.  The undersigned has relied solely on its own advisors.

 

    -2-

    

    

(h)           No
Other Company Representations.  No representations or warranties have been made to the undersigned by the Company,
or any officer, employee, agent, affiliate or subsidiary of the Company, other than the representations of the Company contained
herein, and in subscribing for Shares the undersigned is not relying upon any representations other than those contained herein.

 

(i)           Compliance
with Laws.  Any resale of the Shares during the ‘distribution compliance period’ as defined in Rule 902(f)
to Regulation S shall only be made in compliance with exemptions from registration afforded by Regulation S.  Further,
any such sale of the Shares in any jurisdiction outside of the United States will be made in compliance with the securities laws
of such jurisdiction.  The Investor will not offer to sell or sell the Shares in any jurisdiction unless the Investor
obtains all required consents, if any.

 

(j)           Regulation
S Exemption.  The undersigned understands that the Shares are being offered and sold to him in reliance on an exemption
from the registration requirements of United States federal and state securities laws under Regulation S promulgated under the
Securities Act and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
and understandings of the Investor set forth herein in order to determine the applicability of such exemptions and the suitability
of the Investor to acquire the Shares.  In this regard, the undersigned represents, warrants and agrees that:

 

(1)           The
undersigned is not a citizen of the United States, not a U.S. Person (as defined below) and is not an affiliate (as defined in
Rule 501(b) under the Securities Act) of the Company and is not acquiring the Shares for the account or benefit of a U.S. Person.  A
U.S. Person means any one of the following:

 

(A)            any
natural person resident in the United States of America;

 

(B)           any
partnership or corporation organized or incorporated under the laws of the United States of America;

 

(C)            any
estate of which any executor or administrator is a U.S. person;

 

(D)           any
trust of which any trustee is a U.S. person;

 

(E)           any
agency or branch of a foreign entity located in the United States of America;

 

(F)           any
non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
or account of a U.S. person;

 

(G)           any
discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated
or (if an individual) resident in the United States of America; and

 

(H)           any
partnership or corporation if:

 

(i)           organized
or incorporated under the laws of any foreign jurisdiction; and

 

(ii)          formed
by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized
or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not
natural persons, estates or trusts.

 

    -3-

    

    

(2)           At
the time of the origination of contact concerning this Agreement and the date of the execution and delivery of this Agreement,
the undersigned was outside of the United States.

 

(3)           The
undersigned will not, during the period commencing on the date of issuance of the Shares and ending on the first anniversary of
such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (the “Restricted
Period”), offer, sell, pledge or otherwise transfer the Shares in the United States, or to a U.S. Person for the account
or for the benefit of a U.S. Person, or otherwise in a manner that is not in compliance with Regulation S.

 

(4)           The
undersigned will, after expiration of the Restricted Period, offer, sell, pledge or otherwise transfer the Shares only pursuant
to registration under the Securities Act or an available exemption therefrom and, in accordance with all applicable state and foreign
securities laws.

 

(5)           The
undersigned was not in the United States, engaged in, and prior to the expiration of the Restricted Period will not engage in,
any short selling of or any hedging transaction with respect to the Shares, including without limitation, any put, call or other
option transaction, option writing or equity swap.

 

(6)           Neither
the undersigned nor or any person acting on his behalf has engaged, nor will engage, in any directed selling efforts to a U.S.
Person with respect to the Shares and the Investor and any person acting on his behalf have complied and will comply with the “offering
restrictions” requirements of Regulation S under the Securities Act.

 

(7)           The
transactions contemplated by this Agreement have not been pre-arranged with a buyer located in the United States or with a U.S.
Person, and are not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

(8)           Neither
the undersigned nor any person acting on his behalf has undertaken or carried out any activity for the purpose of, or that could
reasonably be expected to have the effect of, conditioning the market in the United States, its territories or possessions, for
any of the Shares.  The undersigned agrees not to cause any advertisement of the Shares to be published in any newspaper
or periodical or posted in any public place and not to issue any circular relating to the Shares, except such advertisements that
include the statements required by Regulation S under the Securities Act, and only offshore and not in the U.S. or its territories,
and only in compliance with any local applicable securities laws.

 

(9)           Each
certificate representing the Shares shall be endorsed with the following legends, in addition to any other legend required to be
placed thereon by applicable federal or state securities laws:

 

(A)           “THE
SECURITIES ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (“THE SECURITIES ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT.”

 

(B)           “TRANSFER
OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE
SECURITIES ACT, OR PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE SECURITIES ACT.”

 

    -4-

    

    

(10)           The
undersigned consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company
in order to implement the restrictions on transfer of the Shares set forth in this Section 2.

 

(k)           Accredited
Investor.  The undersigned is an “accredited investor” as that term is defined in Rule 501 of the General
Rules and Regulations under the Securities Act by reason of Rule 501(a)(3).

 

(l)           Potential
Loss of Investment; Risk Factors.  The undersigned understands that an investment in the Shares is a speculative
investment which involves a high degree of risk and the potential loss of his entire investment. The undersigned understands
that the following factors, among others, could cause the loss of any or all of his investment.

 

(1)           The
Company is a development stage company with no operating history for the undersigned to evaluate its business.  The Company
was incorporated in the State of Nevada in October 2015, and as a result is only in the very early stages of development.  Because
the Company has no operating history, it is difficult to evaluate its business and future prospects.  The undersigned
has also considered the uncertainties and difficulties frequently encountered by companies, such as the Company, in their early
stages of development.  The Company’s revenue and income potential is non-existent and its business model is still
emerging.  If its business model does not prove to be profitable, the undersigned may lose all of his investment.

 

(2)           The
Company currently does not have enough working capital to satisfy its capital needs.  The Company is dependent upon its
management team to fund its ongoing operations, and cannot be certain that future financing will be available to it on acceptable
terms when it needs it.  The Company can give no assurances that it will be able to sell any portion of this offering
or that management will continue to fund its ongoing operations.  This, along with the possibility of other factors and
circumstances the Company cannot predict, may require it to seek additional financing faster than anticipated.  If the
Company is unable to obtain financing to meet its needs, the undersigned may lose of his investment. 

 

(3)           The
Company’s officers and directors will only devote a limited amount of time to the Company.  Their divided interests
may hinder the Company's ability to generate revenue.  This could result in missed business opportunities and worse-than-expected
operating results.  The undersigned may lose his entire investment.

 

(m)           Investment
Commitment.  The undersigned's overall commitment to investments which are not readily marketable is not disproportionate
to the undersigned's net worth, and an investment in the Shares will not cause such overall commitment to become excessive.

 

(n)           Receipt
of Information.  The undersigned has received all documents, records, books and other information pertaining to the
undersigned’s investment in the Company that has been requested by the undersigned.

 

(o)           Investor
Questionnaire.  The undersigned represents and warrants to the Company that all information that the undersigned
has provided to the Company, including, without limitation, the information in the Investor Questionnaire attached hereto or previously
provided to the Company (the “Investor Questionnaire”), is correct and complete as of the date hereof.

 

    -5-

    

    

(p)           No
Reliance.  Other than as set forth herein, the undersigned is not relying upon any other information, representation
or warranty by the Company or any officer, director, stockholder, agent or representative of the Company in determining to invest
in the Shares.  The undersigned has consulted, to the extent deemed appropriate by the undersigned, with the undersigned’s
own advisers as to the financial, tax, legal and related matters concerning an investment in the Shares and on that basis believes
that his or its investment in the Shares is suitable and appropriate for the undersigned.

 

(q)           No
Governmental Review.  The undersigned is aware that no federal or state agency has (i) made any finding or determination
as to the fairness of this investment, (ii) made any recommendation or endorsement of the Shares or the Company, or (iii) guaranteed
or insured any investment in the Shares or any investment made by the Company.

 

(r)           Price
of Shares.  The undersigned understands that the price of the Shares offered hereby bear no relation to the assets,
book value or net worth of the Company and were determined arbitrarily by the Company.  The undersigned further understands
that there is a substantial risk of further dilution on his or its investment in the Company.

 

SECTION 4.

 

4.1           Company’s
Representations and Warranties.  The Company represents and warrants to the undersigned as follows:

 

(a)           
Organization of the Company.  The Company is a corporation duly organized and validly existing and in good standing
under the laws of the State of Nevada.

 

(b)           Authority.   (a)  The
Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and to issue
the Shares; (b) the execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization of the Company
or its Board of Directors or stockholders is required; and (c) this Agreement has been duly executed and delivered by the Company
and constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
as such  enforceability  may be limited by applicable bankruptcy, insolvency, or similar laws relating to,
or affecting generally the enforcement of, creditors' rights and remedies or by other equitable principles of general application.

 

(c)           Exemption
from Registration; Valid Issuances.  The sale and issuance of the Shares, in accordance with the terms and on the
bases of the representations and warranties of the undersigned set forth herein, may and shall be properly issued by the Company
to the undersigned pursuant to any applicable federal or state law. When issued and paid for as herein provided, the Shares shall
be duly and validly issued, fully paid, and nonassessable. Neither the sales of the Shares pursuant to, nor the Company's performance
of its obligations under, this Agreement shall (a) result in the creation or imposition of any liens, charges, claims or other
encumbrances upon the Shares or any of the assets of the Company, or (b) entitle the other holders of the Common Stock of the Company
to preemptive or other rights to subscribe to or acquire the Common Stock or other securities of the Company. The Shares shall
not subject the undersigned to personal liability by reason of the ownership thereof.

 

SECTION 5.

 

5.1             Indemnity.  The
undersigned agrees to indemnify and hold harmless the Company, its officers and directors, employees and its affiliates and their
respective successors and assigns and each other person, if any, who controls any thereof, against any loss, liability, claim,
damage and expense whatsoever (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating,
preparing or defending against any litigation commenced or threatened or any claim whatsoever) arising out of or based upon any
false representation or warranty or breach or failure by the undersigned to comply with any covenant or agreement made by the undersigned
herein or in any other document furnished by the undersigned to any of the foregoing in connection with this transaction.

 

    -6-

    

    

5.2           Modification.  Neither
this Agreement nor any provisions hereof shall be modified, discharged or terminated except by an instrument in writing signed
by the party against whom any waiver, change, discharge or termination is sought.

 

5.3           Notices.  Any
notice, demand or other communication which any  party hereto may be required, or may elect, to give to anyone interested
hereunder shall be sufficiently given if (a) sent via trackable international courier service, addressed to such address as may
be given herein, or (b) delivered personally at such address.

 

5.4           Counterparts.  This
Agreement may be executed through the use of separate signature pages or in any number of counterparts and by facsimile, and each
of such counterparts shall, for all purposes, constitute one agreement binding on all parties, notwithstanding that all parties
are not signatories to the same counterpart. Signatures may be facsimiles.

 

5.5           Binding
Effect.  Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the
parties and their heirs, executors, administrators, successors, legal representatives and assigns.  If the undersigned
is more than one person, the obligation of the undersigned shall be joint and several and the agreements, representations, warranties
and acknowledgments herein contained shall be deemed to be made by and be binding upon each such person and his heirs, executors,
administrators and successors.

 

5.6           Entire
Agreement.  This Agreement and the documents referenced herein contain the entire agreement of the parties and there
are no representations, covenants or other agreements except as stated or referred to herein and therein.

 

5.7           Assignability.  This
Agreement is not transferable or assignable by the undersigned.

 

5.8           Applicable
Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without
giving effect to conflicts of law principles.

 

5.9           Pronouns.  The
use herein of the pronouns “her”, “hers” "him" or "his" or similar terms shall be deemed
to include the feminine, masculine and neuter genders as well and the use herein of the singular pronoun shall be deemed to include
the plural as well.

 

5.10           Further
Assurances.  Upon request from time to time, the undersigned shall execute and deliver all documents, take all rightful
oaths and do all other acts that may be necessary or desirable, in the reasonable opinion of the Company or its counsel, to effect
the subscription for the Shares in accordance herewith.

 

    -7-

    

    

 

  

IN WITNESS WHEREOF, the undersigned has executed this Agreement
on the ____ day of ______, 2017.

 

Amount of Investment:

 

	$	 	 

 

	INDIVIDUAL INVESTOR:	 
	 	 
	 	 
	Print Name	 
	 	 
	 	 
	Signature	 
	 	 
	PARTNERSHIP, CORPORATION, TRUST,
	CUSTODIAL ACCOUNT, OTHER INVESTOR
	 	 
	 	 
	(Name of Entity)	 

 

	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 

 

Taxpayer Identification Number, if available:_____________

 

 

    -8-

    

    

 

 

ACCEPTANCE OF SUBSCRIPTION

 

(to be filed out only by the Company)

 

The Company hereby accepts the above application for subscription
for Shares on behalf of the Company.

 

	Dated: __________	 
	 	 	 	 
	YI XI XIN, INC.	 
	 	 	 	 
	By:	 	 	 
	 	Name:	Ping Zhou	 
	 	Title:	President and CEO	 

 

 

 

    -9-

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