SEC Contract Filing

Filing Date: 2019-05-24

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>ASSET
PURCHASE AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
ASSET PURCHASE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;), dated as of the <U>20th</U> day of May, 2019, is by and among
Echo Environmental, LLC, a Texas limited liability company, (&ldquo;<U>Echo</U>&rdquo;), Echo&rsquo;s wholly owned subsidiary,
ITAD USA, LLC, a Delaware limited liability company (&ldquo;<U>ITAD</U>&rdquo;) (Echo and ITAD are individually referred to as
&ldquo;<U>Seller</U>&rdquo; and collectively referred to herein as &ldquo;<U>Sellers</U>&rdquo;), and Corrent Resources, LLC,
a Delaware limited liability company (&ldquo;<U>Buyer</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>RECITALS</U></I></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
Sellers operate a business (the &ldquo;<U>Business</U>&rdquo;) at 2101 W. Belt Line Road, Carrollton, Texas (the &ldquo;<U>Belt
Line Location</U>&rdquo;) and at 2029-2035 McKenzie Drive, Suite 100, Carrollton TX 75006 (the &ldquo;<U>McKenzie Location</U>&rdquo;)
(the Belt Line Location and McKenzie Location are collectively referred to as the &ldquo;<U>Locations</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
Sellers desire to sell to Buyer the Acquired Assets (as defined herein), and Buyer desires to purchase the Acquired Assets and
assume the Assumed Liabilities (as defined herein) from Sellers, all on the terms and subject to the conditions set forth herein.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW
THEREFORE, for and in consideration of the premises, the mutual representations, warranties and covenants contained in this Agreement,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree
as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>AGREEMENT</U></I></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
I. DEFINITIONS</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
1.1. Definitions.</B> For purposes of this Agreement, the terms set forth in Annex A to this Agreement have the respective meanings
set forth in <U>Annex A</U> to this Agreement. Other terms are defined in the text of this Agreement.</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
II. PURCHASE AND SALE OF THE ASSETS; P