Document:

Exhibit 10.2

 

Pursuant to Item 601(b)(10) of Regulation S-K, certain confidential
portions of this exhibit marked with brackets and asterisks have been omitted because they are both (i) not material and (ii)
would be competitively harmful if publicly disclosed.

 

Distribution Agreement

 

This Distribution Agreement (this “Agreement”),
with an effective date of June 7, 2019 (the “Effective Date”), is entered into between BLUEZONE PRODUCTS, INC.,
a Delaware limited liability company (“Seller”) and Agrinamics, Inc., a Nevada corporation (“Distributor,”
and together with Seller, the “Parties,” and each, a “Party”).

 

WHEREAS, Seller is in the business of manufacturing selling
the Products (as defined below); and

 

WHEREAS, Distributor is in the business of marketing and reselling
Products;

 

WHEREAS, Seller desires to sell the Products to Distributor
and appoint Distributor as a distributor under the terms and conditions of this Agreement; and

 

WHEREAS, Distributor desires to purchase the Products from
Seller and resell the Products to customers, subject to the terms and conditions of this Agreement,

 

NOW, THEREFORE, in consideration of the
mutual covenants, terms and conditions set out herein, and for other Product and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereto agree as follows:

 

 1. Definitions.

 

“Agreement” has the meaning set out in the
preamble and includes all schedules and exhibits hereto.

 

“Confidential Information” has the meaning
set out under Section 11.

 

“Customer”
means a purchaser that is an individual or entity located in the Territory that is acquiring a Product from Distributor for its
own internal use in a) a containerized or vertical indoor cannabis growing facility using LED lighting, b) cannabis dispensary
or c) cannabis processing facility.

 

“Distributor” has the meaning set out in the
preamble.

 

“Force Majeure Event” has the meaning set
out in Section 37.

 

“Product”
means any Product that is identified in Schedule 1, as it may be revised pursuant to Section 4.4 from time to time.

 

“Indemnified Party” has the meaning set out
under Section 17.1.

 

“Party” has the meaning set out in the preamble.

 

“Seller” has the meaning set out in the preamble.

 

“Term” has the meaning set out under Section 10.

 

“Territory” means North America.

 

    1

     

    

 

 2. Appointment.

 

2.1 Appointment.
Seller hereby appoints Distributor, and Distributor hereby accepts the appointment, to act as an exclusive distributor of Products
to Customers during the Term in accordance with the terms and conditions of this Agreement and subject to Seller’s sales
rights set forth below. Distributor shall not sell or offer to sell Products outside the Territory. By accepting this appointment,
Distributor agrees to conform to all quality standards established from time to time by Seller. Distributor is required to purchase
the following minimum number of Products from the Seller per year on the terms set forth herein:

 

	June 1, 2019 to May 31, 2020 (Year 1)	[****] Product Units
	 	 
	June 1, 2020 to May 31, 2021 (Year 2)	[****] Product Units

 

The Distributor shall order at least [****]% of the minimum
number of Products for the applicable twelve (12) month period and make the initial payments related to such order on the Effective
Date and the anniversary of the Effective Date (6/1/19 and 6/1/20). Distributor shall order the remainder of the minimum number
of Products for such period and make the initial payments related to such order for that year on or before September 30st
of such year (9/30/19 and 9/30/20).

 

On the Effective Date, Distributor will
place a purchase order for [****] Products and will place a purchase order for the remaining [****] Products on or before August
31, 2019.

 

Distributor’s failure to honor the
terms of this Section 2.1 constitutes a breach of this Agreement pursuant to Section 10.2. In addition to its right to terminate
this Agreement, the Seller shall be entitled to damages equal to the sums it would have received if the Distributor purchased
the required number of Products. Notwithstanding the foregoing, on Distributor’s breach of this Section 2.1, it shall automatically
lose all exclusive rights.

 

2.2 Seller Sales.
Notwithstanding anything herein to the contrary, Seller shall be entitled to sell the Products as a Factory Sales Representative
of the Distributor. In addition to the applicable price for the Product to which the Seller is entitled on a Distributor sale,
the Seller shall be entitled to [****]% of the higher of (a) MSRP and (b) the gross sales price paid to the Distributor (for example,
if the Distributor is paid $[****] for a Product, Seller shall receive a $[****] commission) in connection with any sales originated
by the Seller including sales to current clients of the Seller. The Distributor shall provide Seller with an accounting and payment
of all commissions earned within five (5) days following the end of each calendar month. The Distributor shall remain responsible
for all Customer invoicing related to a Seller sale or lead.

 

    2

     

    

 

3. Facilities,
Inventory, and Marketing Obligations.

 

3.1 Distributor
Obligations. Distributor shall:

 

(a) market, advertise,
promote, and sell the Products to Customers in a manner that reflects favorably at all times on Products and the Product name,
goodwill and reputation of Seller and consistent with good business practice, in each case using its best efforts to maximize
the sales volume of the Products;

 

(b) maintain a place
or places of business in the Territory, including adequate office, storage, and warehouse facilities and all other facilities
as required for Distributor to perform its duties under this Agreement in a location or locations approved by Seller provided
that if the Distributor does not have a suitable storage facility the Seller may provide storage at the Distributor’s cost
and Distributor shall pay such cost to the Seller monthly within five (5) days of demand;

 

(c) purchase and maintain
at all times a representative quantity of each Product sufficient for and consistent with the Distributor’s Customers’
sales needs;

 

(d) have sufficient
knowledge of the industry and products competitive with each Product (including specifications, features, and benefits) so as
to be able to explain in detail to Customers:

 

(i) the differences
between the Product and competing products;

 

and

 

(ii) information on
standard protocols and features of each Product;

 

(e) observe all directions
and instructions given to it by Seller in relation to the marketing, advertisement, and promotion of the Products, including Seller’s
sales, marketing, and merchandising policies as they currently exist or as they may hereafter be changed by Seller;

 

(f) not use any promotional
and marketing materials, whether prepared by Distributor or others, without the prior written consent of Seller.

 

(g) establish and
maintain a sales and marketing organization sufficient to develop to the satisfaction of Seller the market potential for the sale
of the Products, and independent sales representatives, facilities, and a distribution organization sufficient to make the Products
available for shipment by Distributor to each Customer immediately on receipt of order;

 

(h) develop and execute
a marketing plan sufficient to fulfill its obligations under this Agreement;

 

(i) not make any materially
misleading or untrue statements concerning Seller or the Products, including any product disparagement or “bait-and-switch”
practices;

 

(j) promptly notify
Seller of any complaint or adverse claim about any Product or its use of which Distributor becomes aware;

 

(k) submit to Seller
complete and accurate monthly reports regarding inventory, marketing, and sales of the Products in a computer-readable format
and containing the scope of information acceptable to Seller, maintain books, records, and accounts of all transactions and permit
full examination thereof by Seller in accordance with Section 9;

 

    3

     

    

 

(l) not resell Products
to any federal, state, local, or foreign government or political subdivision or agency thereof, without express written approval
from Seller; and

 

(m) on
request, provide Seller with a written survey of the current and three-month forecast of demand for the Products in the Territory,
especially in relation to similar or competing products; and

 

(n) obtain
Seller’s prior written consent of all installation methods, accessories and details if the customer is using a third party
installer.

 

3.2 Seller Obligations.
Seller shall:

 

(a) provide any information
and support that may be reasonably requested by Distributor regarding the marketing, advertising, promotion, and sale of Products
including specifications, marketing materials, test reports, installation guidelines, product manuals, and general sales training;

 

(b) provide brand
guidelines to use in the creation of any additional marketing materials, sales brochures, conference materials, booth displays,
advertisement or other placements (provide the same shall be subject to Seller’s prior written approval);

 

(c) allow
Distributor to participate, at its own expense, in any marketing, advertising, promotion and sales programs or events that Seller
may make generally available to its authorized distributors of Products in the Territory;

 

(d) approve or reject,
in its discretion, any promotional information or material submitted by Distributor for Seller’s approval; and

 

(e) provide demonstration
testing prior to sale subject to a service fee.

 

4. Agreement to Purchase
and Sell Products.

 

4.1 Terms of Sale;
Orders. Seller shall make available and sell Products to Distributor at the prices under Section 4.2 and on the terms and
conditions set out in this Agreement.

 

4.2 Price.
The prices for Products sold under this Agreement shall be as per Schedule 1. Subject to Section 6:

 

(a) all
prices are exclusive of all sales, use and excise taxes, and any other similar taxes, duties, and charges of any kind imposed
by any governmental authority on any amounts payable by Distributor under this Agreement;

 

(b) Distributor is
responsible for all charges, costs, and taxes; and

 

    4

     

    

 

(c) Distributor shall
pay interest on all late payments, calculated daily and compounded monthly, at the lesser of the rate of 1.5% per month or the
highest rate permissible under applicable Law.

 

Distributor shall perform its obligations under this Agreement
without setoff, deduction, recoupment or withholding of any kind for amounts owed or payable by Seller, whether relating to Seller’s
or Seller’s affiliates’ breach, bankruptcy, or otherwise and whether under this Agreement, any purchase order, any
other agreement between (i) Distributor or any of its affiliates and (ii) Seller or any of its affiliates, or otherwise.

 

4.3 Payment Terms.
Seller shall issue an invoice to Distributor for each order. Distributor shall pay [****]% of the invoiced amount within three
(3) days of receipt of the invoice. The remaining balance shall be due on receipt of the Products. The Products shall be deemed
received on the earlier of (a) pick up from the Seller’s warehouse and (b) five (5) business days after Seller notifies
Distributor that the Products are ready for pickup.

 

Distributor shall make all payments in US dollars by check
or wire transfer, in accordance with the following wire instructions:

 

ABA Number: [****]

 

Account Number: [****]

 

Bank Address:

 

4.4 Availability/Changes
in Products. On reasonable advance notice Seller may, in its sole discretion, add or make changes to Products on notice to
Distributor.

 

5. Orders Procedure.

 

5.1 Orders.
Distributor shall issue all purchase orders to Seller in written form via facsimile, e-mail, or US mail. By placing an order,
Distributor makes an offer to purchase Products under the following commercial terms listed in the purchase order and the terms
and conditions of this Agreement, and on no other terms:

 

(a) the listed Products
to be purchased;

 

(b) the quantities
ordered; and

 

(c) the requested
delivery date.

 

The Seller’s invoice will include an estimated delivery
date.

 

Any variations made to the terms and conditions of this Agreement
by Distributor in any order are void and have no effect.

 

5.2 Seller’s
Right to Accept or Reject Orders. Seller may, in its sole discretion, accept or reject any order. Seller may accept any order
by confirming the order (whether by written confirmation, invoice, or otherwise) or by delivering the Products, whichever occurs
first. No order is binding on Seller unless accepted by Seller as provided in this Agreement.

 

    5

     

    

 

6. Shipment and Delivery.

 

6.1 Shipment and Delivery.
Distributor shall arrange for shipping from the Seller’s location to its warehouse and the customer at its sole cost and
expense. Seller shall not be responsible for shipping logistics or any charges related to shipping. Distributor shall pick up
ordered Products within five (5) business days of receipt of notice from Seller that the order is ready for pick up. Seller shall
be entitled to charge Distributor for storage of any Products not picked up within this time frame.

 

6.2 Title and Risk
of Loss. Title and risk of loss passes to Distributor on payment. As collateral security for the payment of the purchase price
of the Products, Distributor hereby grants to Seller a lien on and security interest in and to all of the right, title and interest
of Distributor in, to and under the Products, wherever located, and whether now existing or hereafter arising or acquired from
time to time, and in all accessions thereto and replacements or modifications thereof, as well as all proceeds (including insurance
proceeds) of the foregoing. The security interest granted under this provision constitutes a purchase money security interest
under the Massachusetts Uniform Commercial Code.

 

6.3 Inspection
and Acceptance of Products. Distributor shall inspect Products received under this Agreement. On the thirtieth (30th) day
after delivery of the Products, Distributor shall be deemed to have accepted the Products unless it earlier notifies Seller in
writing and furnishes written evidence or other documentation as reasonably required by Seller that the Products are damaged,
defective, or otherwise do not conform to Seller’s specifications. If Distributor notifies Seller pursuant to this Section
6.3, then Seller shall determine, in its sole discretion, whether to repair or replace the Products or refund the price for the
Products.

 

Distributor shall ship at its expense and risk of loss, all
Products to be returned, repaired, or replaced under this Section 6.3 to Seller’s facility located in Woburn, Massachusetts.
If Seller exercises its option to replace the Products, Seller shall, after receiving Distributor’s shipment of the Products
under this provision, ship to Distributor, at Seller expense and risk of loss, the replacement Products. Distributor acknowledges
and agrees that the remedies set out in this Section 6.3 are exclusive of all other remedies, subject to Distributor’s rights
under Section 12 regarding any Products for which Distributor has accepted delivery under this Section 6.3.

 

Except as provided under this Section 6.3 and Section 12, all
sales of Products to Distributor under this Agreement are made on a one-way basis and Distributor has no other right to return
Products purchased under this Agreement.

 

7. Seller’s
Trademark License Grant. Subject to the terms and conditions of this Agreement, Seller hereby grants to Distributor a non-exclusive,
non-transferable, and non- sublicensable license in the Territory during the Term solely on or in connection with the promotion,
advertising, and resale of the Products in accordance with the terms and conditions of this Agreement to use all Seller’s
trademarks set forth on Schedule 2, whether registered or unregistered, including the listed registrations and applications and
any registrations, which may be granted pursuant to such applications. On expiration or earlier termination of this Agreement
or upon Seller request, Distributor shall promptly discontinue the display or use of any trademark or change the manner in which
it is displayed or used with regard to the Products. Upon expiration or earlier termination of this Agreement, Distributor’s
rights under this Section 7 shall cease immediately. Other than the express licenses granted by this Section 7, Seller grants
no right or license to Distributor, by implication, estoppels, or otherwise, to the Products or any intellectual property rights
of Seller or its affiliates.

 

    6

     

    

 

8. Resale Prices.
Distributor is required to adhere to the resale prices set forth on Schedule 1.

 

9. Audit and Inspection
Rights. During the term of this Agreement, on request and during regular business hours, Seller or its representatives may
at its own expense reasonably inspect Distributor’s facility(ies) and audit Distributor’s books, records, and other
documents as necessary to verify compliance with the terms and conditions of this Agreement.

 

10. Term; Termination.

 

10.1 Term.
The term of this Agreement commences on the Effective Date and terminates on May 31, 2021, and shall thereafter renew for additional
successive one (1) year terms unless and until either Party provides notice of nonrenewal at least sixty (60) days before the
end of the then-current term, or unless and until earlier terminated as provided under this Agreement or applicable law (the “Term”).
Any renewal shall be conditioned on the Parties reaching agreement on or before the expiration of the then current Term regarding
the minimum purchase requirements of Distributor and pricing. If either Party provides timely notice of its intent not to renew
this Agreement, then unless earlier terminated in accordance with its terms, this Agreement terminates on the expiration of the
then-current Term.

 

10.2 Termination
Rights. Notwithstanding anything to the contrary in this Agreement, either Party may terminate this Agreement and the appointment
of Distributor under Section 2, for any or no reason, at any time upon written notice to the other Party, and said termination
shall become effective ninety days following the delivery of such notice, except where a shorter period is provided for in this
Agreement. In addition to any remedies that may be provided in this Agreement, Seller may immediately terminate this Agreement
(including all related purchase orders pursuant to Section 10.3(a)), upon notice to Distributor if Distributor:

 

(a) fails
to pay any amount when due under this Agreement or to timely make all required orders and purchases;

 

(b) breaches any obligation
with regard to confidentiality or intellectual property as set forth in this Agreement;

 

(c) breaches this
Agreement (other than a monetary breach or a breach related to its obligations of confidentiality and intellectual property) and
either the breach cannot be cured or, if the breach can be cured, it is not cured within ten (10) business days following Seller’s
receipt of notice of such breach;

 

    7

     

    

 

(d) if Distributor:

 

(i) becomes insolvent
or is generally unable to pay, or fails to pay, its debts as they become due;

 

(ii) files or has
filed against it, a petition for voluntary or involuntary bankruptcy or otherwise becomes subject, voluntarily or involuntarily,
to any proceeding under any domestic or foreign bankruptcy or insolvency law;

 

(iii) seeks
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition, or other relief with respect to it
or its debts;

 

(iv) makes or seeks
to make a general assignment for the benefit of its creditors; or

 

(v) applies for or
has a receiver, trustee, custodian, or similar agent appointed by order of any court of competent jurisdiction to take charge
of or sell any material portion of its property or business.

 

10.3 Effect of
Expiration or Termination. Upon the expiration or earlier termination of this Agreement:

 

(a) All related purchase
orders are automatically terminated; and

 

(b) Distributor shall
cease to represent itself as Seller’s authorized distributor regarding the Products, and shall otherwise desist from all
conduct or representations that might lead the public to believe that Distributor is authorized by Seller to sell the Products;

 

(c) Distributor shall
promptly return all:

 

(i) documents and
tangible materials (and any copies) containing, reflecting, incorporating or based on Confidential Information; and

 

(ii) products that
Seller provided to Distributor that are not intended for resale.

 

10.4 Option to
Repurchase. Within thirty ten (10) days after the effective date of expiration or earlier termination, Distributor shall submit
to Seller a written schedule reflecting all Products then owned by Distributor or in the Distributor’s possession. Upon
notice within ten (10) days following its receipt of such schedule from Distributor, Seller shall have the right, but not the
obligation, to buy back all or a portion of such Products, free of all liens, claims or encumbrances, at a price equal to Distributor’s
cost therefor and the then-prevailing price, pursuant to the following procedures. Distributor shall promptly deliver, at Distributor’s
reasonable expense, the repurchased Products (unmodified and undamaged) to Seller. Seller has the right to set off or recoup any
liability it owes to Distributor under this Section 10.4 against any liability for which Distributor is liable to Seller, whether
either liability is matured or unmatured, is liquidated or unliquidated or arises under this Agreement.

 

    8

     

    

 

11. Confidential
Information. All non-public, confidential or proprietary information of Seller, including, but not limited to, specifications,
samples, patterns, designs, plans, drawings, documents, data, business operations, customer lists, pricing, discounts or rebates,
disclosed by Seller to Distributor, whether disclosed orally or disclosed or accessed in written, electronic or other form or
media, and whether or not marked, designated or otherwise identified as “confidential,” in connection with this Agreement
is confidential, solely for the use of performing this Agreement and may not be disclosed or copied unless authorized by Seller
in writing. Upon Seller’s request, Distributor shall promptly return all documents and other materials received from Seller.
Seller shall be entitled to injunctive relief for any violation of this Section. This Section shall not apply to information that
is:

 

(a) in the public
domain;

 

(b) known to Distributor
at the time of disclosure; or

 

(c) rightfully obtained
by Distributor on a non-confidential basis from a third party.

 

12. Limited Product
Warranty; Disclaimer. Seller warrants that the Products are free from defects in material and workmanship under normal use
and service with proper maintenance for twenty-four months. The term for such warranties shall begin upon Customer’s receipt
of the Product. Distributor or Customer shall promptly notify Seller of any known warranty claims and shall cooperate in the investigation
of such claims. If any Product is proven to not conform with this warranty during the applicable warranty period, Seller shall,
at its exclusive option, either repair or replace the Product or refund the purchase price paid by Distributor for each non- conforming
Product.

 

13. Seller shall have
no obligation under the warranty set forth above if Distributor or Customer:

 

(a) fails to notify
Seller in writing during the warranty period of a non- conformity; or

 

(b) uses, misuses,
or neglects the Product in a manner inconsistent with the Product’s specifications or use or maintenance directions, modifies
the Product or improperly installs, handles or maintains the Product; or

 

(c) uses an installer
other than the Seller.

 

14. Except as explicitly
authorized in this Agreement or in a separate written agreement with Seller, Distributor shall not service, repair, modify, alter,
replace, reverse engineer, or otherwise change the Products it sells to Customers. Distributor shall not provide its own warranty
regarding any Product.

 

15. EXCEPT FOR THE
WARRANTIES SET OUT UNDER SECTION 12, NEITHER SELLER NOR ANY PERSON ON SELLER’S BEHALF HAS MADE OR MAKES FOR DISTRIBUTOR’S
BENEFIT ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY WHATSOEVER, INCLUDING ANY WARRANTIES OF: (i) MERCHANTABILITY; (ii) FITNESS
FOR A PARTICULAR PURPOSE; OR (iii) NON- INFRINGEMENT; WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE
OF TRADE OR OTHERWISE, ALL OF WHICH ARE EXPRESSLY DISCLAIMED. DISTRIBUTOR ACKNOWLEDGES THAT IT HAS NOT RELIED ON ANY REPRESENTATION
OR WARRANTY MADE BY SELLER, OR ANY OTHER PERSON ON SELLER’S BEHALF.

 

    9

     

    

 

16. Compliance
With Laws. Distributor shall at all times comply with all federal, state and local laws, ordinances, regulations and orders
that are applicable to the operation of its business, and this Agreement and its performance hereunder. Without limiting the generality
of the foregoing, Distributor shall at all times, at its own expense, obtain and maintain all certifications, credentials, authorizations,
licenses, and permits necessary to conduct its business relating to the exercise of its rights and the performance of its obligations
under this Agreement.

 

17. Indemnification.

 

17.1 Indemnification.
Subject to the terms and conditions of this Agreement, Distributor shall indemnify, hold harmless, and defend Seller and its parent,
officers, directors, partners, members, shareholders, employees, agents, affiliates, successors, and permitted assigns (collectively,
“Indemnified Party”) against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments,
settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including attorneys’ fees, fees, and
the costs of enforcing any right to indemnification under this Agreement and the cost of pursuing any insurance providers, relating
to any claim of a third party or Seller arising out of or occurring in connection with:

 

(a) Distributor’s
acts or omissions as Distributor of the Products, including breach of this Agreement;

 

(b) Distributor’s
advertising or representations that warrant performance of Products beyond that provided by Seller’s written warranty or
based upon Distributor’s business or trade practices;

 

(c) any failure by
Distributor or its personnel to comply with any applicable Laws; or

 

(d) allegations that
Distributor breached its agreement with a third party as a result of or in connection with entering into, performing under or
terminating this Agreement.

 

18. Limitation
of Liability. EXCEPT FOR OBLIGATIONS TO MAKE PAYMENT UNDER THIS AGREEMENT, LIABILITY FOR INDEMNIFICATION, LIABILITY FOR BREACH
OF CONFIDENTIALITY, OR LIABILITY FOR INFRINGEMENT OR MISAPPROPRIATION OF INTELLECTUAL PROPERTY RIGHTS, IN NO EVENT:

 

(a) IS SELLER OR ANY
SELLER REPRESENTATIVE LIABLE FOR CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE, OR ENHANCED DAMAGES, LOST
PROFITS OR REVENUES, OR DIMINUTION IN VALUE, ARISING OUT OF OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF:

 

(i) WHETHER THE DAMAGES
WERE FORESEEABLE;

 

    10

     

    

 

(ii) WHETHER OR NOT
SELLER WAS ADVISED OF THE POSSIBILITY OF THE DAMAGES; AND

 

(iii) THE LEGAL OR
EQUITABLE THEORY (CONTRACT, TORT, OR OTHERWISE) ON WHICH THE CLAIM IS BASED.

 

(b) SHALL SELLER’S
AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER ARISING OUT OF OR RELATED TO BREACH OF CONTRACT, TORT
(INCLUDING NEGLIGENCE), OR OTHERWISE, EXCEED THE TOTAL OF THE AMOUNTS PAID AND AMOUNTS ACCRUED BUT NOT YET PAID TO SELLER UNDER
THIS AGREEMENT IN THE SIX MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

 

19. THE FOREGOING
LIMITATIONS APPLY EVEN IF THE DISTRIBUTOR’S REMEDIES UNDER THIS AGREEMENT FAIL OF THEIR ESSENTIAL PURPOSE.

 

20. Insurance.
From and after the execution of this Agreement and continuing for three (3) years after its termination, Seller and Distributor
shall, at its own expense, maintain and carry insurance in full force and effect that includes, but is not limited to, commercial
general liability (including product liability) with limits no less than $[****] for each occurrence, $[****] in the aggregate
and $[****] in excess commercial liability coverage, all with financially sound and reputable insurers. Upon Seller’s request,
Distributor shall provide Seller with a certificate of insurance and policy endorsements for all insurance coverage required by
this Section 20, and shall not do anything to invalidate such insurance. The certificate of insurance shall name Seller as an
additional insured. Distributor shall provide Seller with thirty (30) days’ advance written notice in the event of a cancellation
or material change in Distributor’s insurance policy. Except where prohibited by law, Distributor shall require its insurer
to waive all rights of subrogation against Seller’s insurers, Seller and the other Indemnified Parties.

 

21. Entire Agreement.
This Agreement, including and together with any related exhibits, schedules, attachments and appendices, constitutes the sole
and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous
understandings, agreements, representations, and warranties, both written and oral, regarding such subject matter. The terms of
this Agreement prevail over any terms or conditions contained in any other documentation related to the subject matter of this
Agreement and expressly exclude any of Distributor’s general terms and conditions contained in any purchase order or other
document issued by Distributor (excluding the information set out in Section 5.1(a) - Section 5.1(c)).

 

22. Survival.
Subject to the limitations and other provisions of this Agreement: (a) the representations and warranties of the Parties contained
herein shall survive the expiration or earlier termination of this Agreement, as well as any other provision that, in order to
give proper effect to its intent, shall survive the expiration or earlier termination of this Agreement. All other provisions
of this Agreement shall not survive the expiration or earlier termination of this Agreement.

 

    11

     

    

 

23. Notices.
All notices, requests, consents, claims, demands, waivers and other communications under this Agreement must be in writing and
addressed to the other Party at its address set forth below (or to such other address that the receiving Party may designate from
time to time in accordance with this Section). Unless otherwise agreed herein, all notices must be delivered by personal delivery,
nationally recognized overnight courier, or certified or registered mail (in each case, return receipt requested and postage prepaid).
Except as otherwise provided in this Agreement, a notice is effective only (a) on receipt by the receiving Party, and (b) if the
Party giving the notice has complied with the requirements of this Section.

 

	Notice to Seller:	BLUEZONE PRODUCTS, INC.

        225 Wildwood Avenue

        Woburn, MA 01801

	 	Attention: 
	 	 
	Notice to Distributor:	

	 	Attention: 

 

24. Severability.
If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality,
or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such
term or provision in any other jurisdiction. Upon a determination that any term or provision is invalid, illegal, or unenforceable,
the court may modify this Agreement to give effect to the original intent of the Parties as closely as possible in order that
the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

 

25. Amendments.
No amendment to this Agreement is effective unless it is in writing and signed by an authorized representative of each Party.

 

26. Waiver.
No waiver by any party of any of the provisions of this Agreement shall be effective unless explicitly set forth in writing and
signed by the party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising,
any rights, remedy, power, or privilege arising from this Agreement shall operate or be construed as a waiver thereof, nor shall
any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof
or the exercise of any other right, remedy, power, or privilege.

 

27. Cumulative
Remedies. All rights and remedies provided in this Agreement are cumulative and not exclusive, and the exercise by either
Party of any right or remedy does not preclude the exercise of any other rights or remedies that may now or subsequently be
available at law, in equity, by statute, in any other agreement between the Parties, or otherwise. Notwithstanding the
previous sentence, the Parties intend that Distributor’s rights under Section 6.3 and Section 12 are
Distributor’s exclusive remedies for the events specified therein.

 

    12

     

    

 

28. Assignment.
Distributor shall not assign, transfer, delegate, or subcontract any of its rights or obligations under this Agreement without
the prior written consent of Seller. Any purported assignment or delegation in violation of this Section shall be null and void.
No assignment or delegation shall relieve Distributor of any of its obligations hereunder. Seller may at any time assign, transfer,
or subcontract any or all of its rights or obligations under this Agreement without Distributor’s prior written consent.

 

29. Successors
and Assigns. This Agreement is binding on and inures to the benefit of the Parties to this Agreement and their respective
permitted successors and permitted assigns.

 

30. No Third-Party
Beneficiaries. Subject to the next paragraph, this Agreement benefits solely the Parties to this Agreement and their respective
permitted successors and assigns and nothing in this Agreement, express or implied, confers on any other Person (including any
Customer) any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.

 

31. The Parties hereby
designate Indemnified Parties as third-party beneficiaries of Section 17 with the right to enforce this provision.

 

32. Choice of Law.
This Agreement, including all exhibits, schedules, attachments and appendices attached to this Agreement and thereto, and all
matters arising out of or relating to this Agreement, are governed by, and construed in accordance with, the laws of the Commonwealth
of Massachusetts, United States of America, without regard to the conflict of laws provisions thereof to the extent such principles
or rules would require or permit the application of the laws of any jurisdiction other than those of the Commonwealth of Massachusetts.

 

33. Choice
of Forum. Each Party irrevocably and unconditionally agrees that it will not commence any action, litigation, or proceeding
of any kind whatsoever against the other Party in any way arising from or relating to this Agreement, including all exhibits,
schedules, attachments, and appendices attached to this Agreement, and all contemplated transactions, including contract, equity,
tort, fraud and statutory claims, in any forum other than the state and federal courts located in Middlesex County, Massachusetts.
Each Party irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees to bring any such action,
litigation, or proceeding only in Middlesex County, Massachusetts. Each Party agrees that a final judgment in any such action,
litigation, or proceeding is conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law.

 

34.  Attorneys’
Fees. Each Party shall be entitled to recover attorneys’ fees and costs if it is the prevailing party in any claim brought
hereunder.

 

    13

     

    

 

35. WAIVER OF JURY
TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT, INCLUDING EXHIBITS, SCHEDULES,
ATTACHMENTS, AND APPENDICES ATTACHED TO THIS AGREEMENT, IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE,
EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION
ARISING OUT OF OR RELATING TO THIS AGREEMENT, INCLUDING ANY EXHIBITS, SCHEDULES, ATTACHMENTS, OR APPENDICES ATTACHED TO THIS AGREEMENT,
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

36. Counterparts.
This Agreement may be executed in counterparts, each of which is deemed an original, but all of which together are deemed to be
one and the same agreement. Notwithstanding anything to the contrary in Section 23, a signed copy of this Agreement delivered
by facsimile, email, or other means of electronic transmission is deemed to have the same legal effect as delivery of an original
signed copy of this Agreement.

 

37. Force Majeure.
No Party shall be liable or responsible to the other Party, nor be deemed to have defaulted under or breached this Agreement,
for any failure or delay in fulfilling or performing any term of this Agreement (except for any obligations to make payments to
the other Party under this Agreement), when and to the extent the failure or delay is caused by or results from acts beyond the
impacted Party’s (“Impacted Party”) reasonable control (which events may include natural disasters, embargoes,
explosions, riots, wars or acts of invasion or terrorism, requirements of law, national or regional emergency, strikes, labor
stoppages or slowdowns (each, a “Force Majeure Event”). A Party shall give the other Party prompt written notice
of any event or circumstance that is reasonably likely to result in a Force Majeure Event, and the anticipated duration of such
Force Majeure Event. An affected Party shall use all diligent efforts to end the Force Majeure Event, ensure that the effects
of any Force Majeure Event are minimized, and resume full performance under this Agreement.

 

38. No Franchise
or Business Opportunity Agreement. The Parties to this Agreement are independent contractors and nothing in this Agreement
shall be deemed or construed as creating a joint venture, partnership, agency relationship, franchise, or business opportunity
between Seller and Distributor. Neither Party, by virtue of this Agreement, will have any right, power, or authority to act or
create an obligation, express or implied, on behalf of the other Party. Each Party assumes responsibility for the actions of their
personnel under this Agreement and will be solely responsible for their supervision, daily direction and control, wage rates,
withholding income taxes, disability benefits, or the manner and means through which the work under this Agreement will be accomplished.
Except as provided otherwise in this Agreement, Distributor has the sole discretion to determine Distributor’s methods of
operation, Distributor’s accounting practices, the types and amounts of insurance Distributor carries, Distributor’s
personnel practices, Distributor’s advertising and promotion, its Customers, and Distributor’s service areas and methods.
The relationship created hereby between the parties is solely that of seller and distributor. If any provision of this Agreement
is deemed to create a franchise relationship between the parties, then Seller may immediately terminate this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    14

     

    

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	BLUEZONE PRODUCTS, INC.	 
	 	 
	By:	                                        	 
	 	 	 
	By:	 	 
	 	 
	AGRIFY CORPORATION	 
	 	 
	By:	 	 
	Name: 	 	 
	Title:	 	 

 

    15

     

    

 

SCHEDULE 1

 

Product and Pricing

 

Model 420 (the “Product”)

 

MSRP: $[****] USD per Product

 

	 	 	Price per Product	 
	Year One	 	$	[****]	 
	Year Two (Subject to satisfaction of order
    volume and timing requirements)	 	$	[****]	 

 

    	 		 

     

    

 

SCHEDULE 2

 

Trademarks

 

BLUEZONE (WORD MARK) REG. NO. 4233579

 

BLUEZONE (& DESIGN) REG. NO. 4233496Exhibit 10.3

 

Pursuant
to Item 601(b)(10) of Regulation S-K, certain confidential portions of this exhibit marked with brackets and asterisks have been
omitted because they are both (i) not material and (ii) would be competitively harmful if publicly disclosed.

 

Distribution
Agreement

 

THIS
DISTRIBUTION AGREEMENT (the “Agreement”), dated as of March 9, 2020 is entered into between Enozo
TECHNOLOGIES Inc., a Delaware corporation (“Seller”), and AGRIFY CORPORATION (collectively with any of its affiliates
and representatives “Distributor”), hereinafter sometimes collectively referred to as “Parties”
or individually as “Party”.

 

1. Non-Exclusive
and Exclusive Appointment Seller hereby appoints Distributor, and Distributor hereby accepts the appointment, to
act as a non-exclusive or exclusive distributor of the products as set forth on Exhibit B attached hereto (the “Products”)
to customers in world (the “Territory”) during the Term, as defined herein, in accordance with the terms and
conditions of this Agreement. For exclusive products, this exclusivity is for sales in the Agricultural Market defined as any
cultivation, processing, distribution, or sale of plants, fruits, cannabis, or vegetation for personal or commercial purposes.

 

2. Distributor
Obligations.
Distributor shall (a) use commercially
reasonably efforts to maximize the sales volume of the Products through marketing, advertising, promoting, and selling the Products
to Customers (as defined herein); (b) maintain adequate office, storage, and warehouse facilities required for Distributor to
perform its duties under this Agreement; (c) create and maintain commercial strategies for the marketing of the Products and coordinate
such efforts with the Seller; (d) promptly notify Seller of any complaint or adverse claim about any Product; and (e) at its sole
expense, provide adequate customer support via telephone, email, or other reasonable means for basic use and operations questions
from end-users regarding the Products and refer other questions to Seller or its designated affiliate, as set forth in the troubleshooting
flow charts attached hereto as Exhibit A. Distributor will be provided with a list of allowable Marketing Claims (Defined
as those claims of product use, biological kill, or other effects of using the product). Distributor represents and warrants that
the Marketing Claims shall be materially true and not misleading for the applicable products and during the time frames such Marketing
Claims are to be used as directed by Distributor. No Marketing Clams other than those allowable are to be used in any materials
available to the public without the explicit written agreement of Enozo Technologies Inc. Nothing contained herein shall restrict
Distributor from having the right to obtain or retain the rights to resell any other goods, including goods that may compete with
the products set forth herein. “Customer” means a purchaser that is (a) a reseller located in the Territory who purchases
Seller products for resale to End Users or (b) an End User. “End User” means the final purchaser that (a) has acquired
a Seller product from Distributor for its own and its Affiliates’ internal use and not for resale, remarketing, or distribution
and (b) is an individual or entity.

 

3. Purchase
and Sale. Distributor shall purchase the Products from Seller for its own account. The prices for Products sold under this
Agreement are set forth in Exhibit B (the “Sale Price”). Payment terms per product are set forth in
Exhibit B, and are due and payable within 30 days of invoice. Overdue payments on undisputed charges will be charged with
a one percent (1%) interest charge per month.

 

4. Minimum
Purchases. Distributor must buy the guaranteed minimum volumes as specified below to maintain the exclusive
arrangement for the Wand product. 

 

4.1 Minimum
Wand Purchases between the Effective Date and December 31, 2021 shall be [****] units

 

4.2 Minimum
Wand Purchase in calendar year 2022 shall be [****] units

 

4.3 Minimum
Wand Purchase in calendar year 2023 shall be [****] units

 

    	 	1	 

     

    

 

4.4 Thereafter,
Minimum Wand Purchase may be increased by no more than [****]% a year, upon written notice from Seller to Distributor. Any such
written notice shall be delivered to Distributor at least thirty (30) days before the end of the then-current year, stating the
Minimum Wand Purchase amount for the preceding year.

 

4.5 Distributor
sales above the Minimum Wand Purchase amount in any time period shall be credited towards Minimum Wand Purchase obligations for
any subsequent year or years.

 

4.6 Distributor
shall have the right to purchase Wand Products prior to the end of any time period described herein, and have such quantities
satisfy any remaining Minimum Wand Purchase obligation for such time period.

 

4.7 Should
the distributor fail to meet the minimum specified annual quantities, and at the sole discretion of the Seller, the exclusive
license for the Wand shall revert to either a non-exclusive license or the license may be terminated.

 

5. Resale.
 Distributor shall sell the Products and unilaterally establish its resale prices (the “Resale Prices”).
However, Distributor may not Advertise the product Sales Price, anywhere or at anytime, below the Minimum Advertised Price listed
in Exhibit B for the current manufacturer’s suggested retail price for the Products (the “MSRP”).
Seller may change the MSRP for the Products in its sole discretion upon 180 days’ written notice to Distributor. Additionally,
Distributor shall adhere to the Minimum Advertised Price Policy set forth in Exhibit B.

 

6. Distributor
Orders. Distributor shall issue all purchase orders to Seller in written form via facsimile, e-mail, or mail.
All purchases shall be made on the following terms: (i) amounts due for any product shall be payable on net 30 terms after Seller’s
invoice date, which shall be issued on or after the date of product shipment (ii) for each product, Seller retains a security
interest in such product until it is fully paid, and (iii) Distributor shall be charged a late fee of One and a Half Percent (1.5%)
per month on any undisputed amounts owed and not timely paid. By placing an order, Distributor makes an offer to purchase Products
under the commercial terms listed in the purchase order and the terms and conditions of this Agreement. In the event of a conflict
between the preceding terms and conditions, the terms and conditions of this Agreement shall take precedence. Without limitation
of anything contained in this Section 6, any additional, contrary, or different terms contained in any confirmation, invoices,
or other communications, and any other attempt to modify, supersede, supplement, or otherwise alter this Agreement, are deemed
rejected and will not modify this Agreement or be binding on the Parties unless such terms have been fully approved in a signed
writing by authorized representatives of both Parties.

 

7. Seller’s
Acceptance or Rejection of Orders. Seller agrees to supply Distributor with Distributor’s quantity requirements for
the Wand Products, unless Seller can reasonably demonstrate to Distributor that Seller is prevented from accepting such order
or orders due to circumstances outside of Seller’s control. For all other Products, Distributor shall make reasonable commercial
efforts to accept each and every of Distributor’s orders for such Products. Seller shall accept any order by confirming
the order (whether by written confirmation, invoice, or otherwise) or by delivering the Products, whichever occurs first. If Seller
does not accept the order under the terms of this Section 7 within ten (10) days of Seller’s receipt of the order, the order will
be deemed accepted.

 

8. Shipment
and Delivery;
Title and Risk of Loss. Unless expressly
agreed to by the Parties in writing, Seller will ship the Products FOB as set forth in the respective purchase order. Unless otherwise
noted, the FOB will be Boston, Massachusetts. Title and risk of loss for the Products shall pass to Distributor when the Products
are in the Distributor’s possession or under its control in accordance with shipping terms. As collateral security for the
payment of the Sale Price, Distributor hereby grants to Seller a lien on and security interest in and to all of its right, title
and interest in, to and under the Products, wherever located, and whether now existing or hereafter arising or acquired from time
to time, and in all accessions thereto and replacements or modifications thereof, as well as all proceeds (including insurance
proceeds) of the foregoing. Distributor or Distributor’s customer or end user shall inspect the delivered Products promptly
upon receipt and notify Seller in writing of any defects promptly after inspection or after discovery, as the case may be. Failure
to do so shall mean that Products are accepted. Nothing herein shall be construed to relieve Seller of any obligations under Section
12 or 13 herein.

 

    	 	2	 

     

    

 

9. Intellectual
Property. Distributor may use its own
trademarks, trade names, labels, designs, and colors for the purpose of branding, promotion, advertising, and resale of the Products
in accordance with the terms and conditions of this Agreement (the “Distributor IP”). Seller grants no right
or license to Distributor, by implication, estoppels, or otherwise, to the Products or any intellectual property rights of Seller
or its affiliates. Notwithstanding the foregoing, Distributor may use Seller’s trademarks and marketing materials for promoting
the Products. Distributor shall make commercially reasonable efforts to conform with Seller’s trademark guidelines as provided
to Distributor in writing. Other than the Distributor IP, any Seller intellectual property rights in connection with the Products
(particularly patents, utility models) and any derivatives therefrom (the “Seller IP”) are and shall remain the
sole property of Seller or any of its affiliates. Unless otherwise agreed to in writing, Distributor shall at no time take any
action that may infringe upon any Seller IP.

 

10. Term.
The term of this Agreement commences on the date set out in the preamble of this Agreement and continues for a period of five
(5) years (the “Initial Term”), and shall thereafter renew for additional successive one (1) year terms unless
and until (i) either Party provides notice of nonrenewal at least ninety (90) days before the end of the then-current term, or
(ii) earlier terminated as provided under this Agreement or applicable law (the Initial Term with any renewal terms being collectively
referred to herein as the “Term”).

 

11. 
Confidential Information. All non-public, confidential
or proprietary information of either party, including, but not limited to, specifications, designs, drawings, documents, data,
business operations, customer lists, pricing, discounts or rebates, disclosed by one party to the other in any manner is confidential,
solely for the use of performing this Agreement and may not be disclosed unless authorized by the disclosing party in writing.
Upon the disclosing party’s request, the receiving party shall promptly return all documents and other materials received from
the disclosing party. The disclosing party shall be entitled to seek injunctive relief for any violation of this Section.

 

12. 
Limited Product Warranty. Seller warrants to
Distributor that:

 

12.1 for
a period of [****] months from the date of initial delivery of the product to any End User (the “Warranty Period”),
such product (i) will materially conform with the specifications in Exhibit C and documentation provided with the product,
and (ii) will be free from significant defects in material and workmanship;

 

12.2 no
claim, lien, or action exists or is threatened against Seller that would interfere with the marketing, use, or sale of the Products;

 

12.3 Distributor
will receive good and valid title to the Goods, free and clear of all encumbrances and liens of any kind; and

 

12.4 the
Goods are new and do not contain used or reconditioned parts.

 

12.5 Distributor
may pass through to End Users all warranties granted by Seller under this Agreement.

 

    	 	3	 

     

    

 

13. 
Remedies for Breach of Warranties. During the Warranty Period, if products do not comply with the warranties in this Agreement,
in addition to other remedies available at Law or in this Agreement, Seller shall, at Seller’s discretion:

 

13.1 repair
or replace such products; or

 

13.2 render
a return credit for such products equal to the purchase price paid by Distributor for such products, plus any inspection, test,
and transportation charges paid by Distributor, less any applicable discounts, rebates, or credits.

 

14. Recalls.
If Distributor, Seller, or any Governmental Authority determines that any products sold to Distributor are defective and a recall
campaign is necessary, may implement such recall campaign. Distributor’s right to implement a recall campaign is conditioned
upon Distributor having evidenced that the relevant product has a failure rate of at least [****]% of the goods sold in the preceding
twelve months. Distributor must return defective products to Seller, at Seller’s sole cost and risk. Without prejudice to Distributor’s
rights under Section 12 and Section 13, if a recall campaign is implemented, and Seller’s sole cost, Seller shall promptly either
repair or replace, or credit or refund prices for, all such returned products under the terms of Section 12 and Section 13.

 

15. No
Other Warranty. Subject to Section 12 and 13 of this agreement NEITHER SELLER
NOR ANY PERSON ON SELLER’S BEHALF HAS MADE OR MAKES FOR DISTRIBUTOR’S BENEFIT ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY
WHATSOEVER, INCLUDING ANY WARRANTIES OF: (i) MERCHANTABILITY; (ii) FITNESS FOR A PARTICULAR PURPOSE; OR (iii) NON-INFRINGEMENT;
WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE OR OTHERWISE, ALL OF WHICH ARE EXPRESSLY DISCLAIMED.
DISTRIBUTOR ACKNOWLEDGES THAT IT HAS NOT RELIED ON ANY REPRESENTATION OR WARRANTY MADE BY SELLER, OR ANY OTHER PERSON ON SELLER’S
BEHALF.

 

16. Limited
Liability. SUBJECT TO SECTIONS 9, 12, AND 13, IN NO EVENT IS EITHER PARTY OR ANY RESPECTIVE PARTY’S REPRESENTATIVE LIABLE
FOR CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE, OR ENHANCED DAMAGES, LOST PROFITS OR REVENUES, OR DIMINUTION
IN VALUE, ARISING OUT OF OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF: (I) WHETHER THE DAMAGES WERE FORESEEABLE;
(ii) WHETHER OR NOT A PARTY WAS ADVISED OF THE POSSIBILITY OF THE DAMAGES; AND (iii) THE LEGAL OR EQUITABLE THEORY ON WHICH THE
CLAIM IS BASED.

 

17. Compliance
With Laws; Insurance. Each party shall at all times comply with all material federal, state and local laws, ordinances,
regulations and orders that are applicable to the operation of its business, this Agreement and its performance hereunder. Each
party shall, at its own expense, maintain and carry insurance in full force and effect in such amounts as are prudent and customary
in the businesses in which such party is engaged.

 

18. Exclusive
Product Pricing Protection. Seller represents and warrants that the Prices for each
exclusive product set forth on Appendix A are at least as low as the price charged by Seller to other buyers for the same products
or similar products in similar quality purchases. If, at any time during the Term, Seller charges any other buyer a lower price
for the same product or similar product, Seller shall apply that price to all such same products under this Agreement. If Seller
fails to meet the lower price, Distributor may, at its option, in addition to all of its other rights under this Agreement or
at law, terminate this Agreement without liability. The Parties shall reflect any adjustment to pricing under this Section in
an amendment to Appendix A; provided, however, that, notwithstanding anything in this Agreement to the contrary, the execution
and delivery of any such amendment by each of the Parties will not be a condition to the effectiveness of such Price adjustment.

 

    	 	4	 

     

    

 

19. Effect
of Termination or Expiration. Unless Distributor directs otherwise, any termination
of this Agreement by Distributor automatically terminates all related purchase orders.

 

19.1 Upon
the expiration or earlier termination of this Agreement:

 

19.2 Each
Party shall promptly return to the other Party, or destroy all documents and tangible materials (and any copies) containing, reflecting,
incorporating, or based on the other Party’s Confidential Information;

 

19.3 Each
Party shall promptly permanently erase all of the other Party’s Confidential Information from its computer systems, except for
copies that are maintained as archive copies on its disaster recovery and/or information technology backup systems. Each Party
shall destroy any such copies upon the normal expiration of its backup files.

 

19.4 The
Party terminating this Agreement, or in the case of the expiration of this Agreement, each Party, shall not be liable to the other
Party for any damage of any kind (whether direct or indirect) incurred by the other Party by reason of the expiration or earlier
termination of this Agreement. Termination of this Agreement will not constitute a waiver of any of either Party’s rights, remedies,
or defenses under this Agreement, at law, in equity, or otherwise.

 

20. Post-Term
Resale Period. On the expiration or earlier termination of this Agreement, Distributor may, in accordance with the applicable
terms and conditions of this Agreement, sell off its existing inventories of Seller products for a period of Twelve (12) months
following the last day of the Term (the “Post-Term Resale Period”).

 

    	 	5	 

     

    

 

21. Miscellaneous.
Each Party shall deliver all communications in writing either in person, by certified or registered mail, return receipt requested
and postage prepaid, by email to the email address for the party noted on the signature block of this Agreement or maintained
in the other Party’s records for the receiving Party, or by recognized overnight courier service, and addressed to the other
Party at the addresses set forth above on the signature page hereto. This Agreement and all matters arising out of or relating
to this Agreement are governed by, and construed in accordance with, the laws of Delaware, without giving effect to any conflict
of laws provisions thereof. In the event of any dispute, controversy or claim arising out of or in relation to this Agreement,
the Parties hereto shall consult and negotiate with each other in good faith to reach a solution satisfactory to both parties.
In case such solution is not reached within a period of sixty (60) days, any dispute, controversy, or claim arising out of or
relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association
in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrator(s) may be entered in
any court having jurisdiction thereof. The place of arbitration shall be within 25 miles of Burlington, Massachusetts. The arbitration
shall be governed by the laws of the State of Delaware. Each party will, upon written request of the other party, promptly provide
the other with copies of all relevant documents. There shall be no other discovery allowed. In making determinations regarding
the scope of exchange of electronic information, the arbitrator(s) and the parties agree to be guided by The Sedona Principles,
Third Edition: best practices, recommendations & principles for addressing electronic document production. Hearings will
take place pursuant to the standard procedures of the Commercial Arbitration Rules that contemplate in person hearings. Time is
of the essence for any arbitration under this agreement and arbitration hearings shall take place within 90 days of filing and
awards rendered within 120 days. Arbitrator(s) shall agree to these limits prior to accepting appointment. The prevailing party
shall be entitled to an award of reasonable attorney fees. Except as may be required by law, neither a party nor an arbitrator
may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of both parties.
Except as provided herein, the Parties may not amend this Agreement except by written instrument signed by the Parties. No waiver
of any right, remedy, power, or privilege under this Agreement (“Right(s)”) is effective unless contained in a writing
signed by the Party charged with such waiver. No failure to exercise, or delay in exercising, any Right operates as a waiver thereof.
No single or partial exercise of any Right precludes any other or further exercise thereof or the exercise of any other Right.
The Rights under this Agreement are cumulative and are in addition to any other rights and remedies available at law or in equity
or otherwise. Distributor may not directly or indirectly assign, transfer, or delegate any of or all of its rights or obligations
under this Agreement, voluntarily or involuntarily, except in connection with a change of control, merger (whether or not such
party is the surviving entity), or operation of law, without the prior written consent of the Seller. Except as expressly provided
herein, any purported assignment in violation of this Section shall be null and void. If any term or provision of this Agreement
is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any
other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.
This Agreement is binding upon and inures to the benefit of the Parties and their respective successors and permitted assigns.
Except for the Parties, their successors and permitted assigns, there are no third-party beneficiaries under this Agreement. This
Agreement may be executed in counterparts. Counterparts may be delivered via facsimile, electronic mail (including pdf) or other
transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and
effective for all purposes.

 

22. The
Parties are independent contractors and nothing in this Agreement shall be deemed or constructed as creating a joint venture,
employment, partnership, agency relationship, business opportunity, or franchise between Seller and Distributor. Neither Party,
by virtue of this Agreement, will have any right, power, or authority to act or create an obligation, express or implied, on behalf
of the other Party. Each Party assumes responsibility for the actions of its personnel under this Agreement and will be solely
responsible for their supervision, daily direction, and control, wage rates, withholding income taxes, disability benefits, or
the manner and means through which the work under this Agreement will be accomplished. Except as provided otherwise in this Agreement,
Distributor has the sole discretion to determine Distributor’s methods of operation, Distributor’s accounting practices, the types
and amounts of insurance Distributor carries, Distributor’s personnel practices, Distributor’s advertising and promotion, Distributor’s
customers, and Distributor’s service areas and methods. The relationship created hereby between the parties is solely that of
supplier and distributor. If any provision of this Agreement is deemed to create a franchise or business opportunity relationship
between the parties, then the parties shall negotiate in good faith to modify this Agreement so as to effect the parties’ original
intent as closely as possible in a mutually acceptable manner so that the transactions contemplated hereby be consummated as a
distribution agreement and not a franchise or business opportunity agreement.

 

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.

 

	Seller:
    	 
	 	 	 
	Enozo
    Technologies Inc.	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:		 
	Address: 	300 Willow Street	
	 	North Andover, MA 01845	

 

	Distributor:
    	 
	 	 	 
	Agrify
    corporation	 
	 	 	 
	By: 	 	 
	 	 	 
	Name:	Niv Krikov	 
	 	 	 
	Title: 	Vice President of Finance	 
	 	 	 
	Address: 
    	1600 District Ave., Suite 106,	 
	 	Burlington, MA 01803	 
	 	    or	 
	 	legal@agrify.com	 

 

    	 	7	 

     

    

 

EXHIBIT
a

 

TROUBLE
SHOOTING FLOW CHARTS

 

ATTACHED

 

    	 	8	 

     

    

 

 

EXHIBIT
B

 

	Product	 	Exclusivity
    Terms	 	sale
    price PER UNIT	 	payment
    terms	 	msrp
    PER UNIT
	EnozoPro
    ISB	 	Non-Exclusive
    for all uses	 	$[****]
    USD	 	FOB,
    Boston, MA	 	$[****]
    USD
	AgriWand*	 	Exclusive
        in the Agriculture Market; 

        Non-Exclusive
        for all other uses
	 	$[****]
    USD	 	FOB,
    Boston, MA	 	Not
    Applicable

 

*For
purposes of this Agreement, “AgriWand” shall mean each and every of a back-pack style product, or other Supplier product
with a wand applicator the production of which will not require new certifications, new tooling, or new third party validations.
Supplier shall update this Exhibit A from time to time notifying Distributor of any new products introduced by Seller within this
definition. Notwithstanding anything in this Agreement to the contrary, such additional products shall be deemed included in this
Agreement upon Seller’s first commercial offer to sell such product or products to any party, without modification to this
Exhibit A to include such new product.

 

    	 	9	 

     

    

 

EXHIBIT
C

 

product
data sheets

 

ATTACHED

 

 

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]