ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT

between

E-DEBIT GLOBAL CORPORATION,

a Colorado corporation,

and

AGH WA, LLC, a Washington Limited Liability corporation.

Dated as of April 1, 2018

SECTION INDEX

Section

ASSET PURCHASE AGREEMENT SECTION 1 SALE AND PURCHASE

1.1 Acquired Assets

1.2 Excluded Assets 1.3a Assumed Liabilities 1.3b Excluded Liabilities SECTION 2 PURCHASE PRICE 2.1 Purchase Price SECTION 3 THE CLOSING

3.1 Closing

3.2 Deliveries of Seller 3.3 Deliveries of Purchaser SECTION 4 REPRESENTATIONS

4.1 Organization 4.2 Authority 4.3 Validity 4.4 Acquired Assets 4.5 Real Property

4.6 Environmental

4.7 Inventory

4.8 Accounts Receivable

4.9 Accounts Payable

4.10 Insurance Policies 4.11 Contracts

4.12 Litigation

Page

6 6

6

6 6 6 7 7 7

7

7 8 9

9 9 9 10 10

11

11

11

12

12 12

12

4.13 Government Autorizations

12

4.14 Customers and Suppliers

13

4.15 Taxes

13

4.16 Employees

13

4.17 Intellectual Property

14

4.18 Undisclosed Liabilities

14

4.19 Compliance with Laws

14

4.20 Changes

15

4.21 Conditions Affecting Seller

15

4.22 Affiliate Interests

15

4.23 No Brokers

15

4.24 Disclosure

15

SECTION 5 REPRESENTATIONS OF PURCHASER

16

5.1 Organization; Good Standing

16

5.2 Authority; No Consent

16

5.3 Validity of Agreement

16

5.4 Financial Ability

16

SECTION 6 INDEMNITY

16

6.1 Survival

16

6.2 Indemnification by Seller

16

6.3 Indemnification by Purchaser

17

6.4 Notice and Defense of Indemnity Claims

17

6.5 Indemnification Adjustments

18

6.6 Materiality; No Waiver

18

SECTION 7 COVENANTS

19

7.1 Use of Names..

19

7.2 Further Assurances

19

7.3 Confidentiality

19

7.4 Delivery of Property

20

7.5 Payment of Liabilities

20

7.6 Non-Competition and Non-Solicitation

20

7.7 Transactional Taxes

21

7.8 Expenses

21

SECTION 8 NOTICES

22

SECTION 9 DEFINITIONS

22

9.1 Definitions

22

SECTION 10 MISCELLANEOUS

24

10.1 Entire Agreement

25

10.2 Binding Agreement; Assignability

25

10.3 Counterparts

25

10.4 Remedies Cumulative; Waiver

25

10.5 Applicable Law

25

10.6 Headings; Exhibits and Sections

25

10.7 Severability

25

10.8 Interpretation; Rules of Construction

25

10.9 Waiver of Jury Trial

26

EXHIBIT INDEX

Section

SECTION 1.2c SECTION 1.3a SECTION 3.2a SECTION 3.2b SECTION 3.2c

SECTION 3.2d SECTION 3.2e SECTION 4.5

SECTION 4.7

SECTION 4.8

SECTION 4.9

SECTION 4.10 SECTION 4.11

SECTION 4.17

Exhibit

Page

Excluded Assets

6

Exhibit 1.2c.i

Assumed Liabilities

6

Exhibit 1.3a.i

Certificate of Titles (Vehicles, machinery, equipment)

7

Exhibit 3.2a.i

Certificates of Good Standing (Tax Status)

8

Exhibit 3.2b.i

Certificates of Seller's Board Approval (Board Resolution)

8

Exhibit 3.2c.i

Exhibit 3.2c.ii

Assignment of Real Property (Coulee City Farm Site)

8

Exhibit 3.2d.i

Assignment of Real Property (Tacoma Production Site)

8

Exhibit 3.2e.i

Real Property

9

Exhibit 4.5.b.i - (related to Section 3.2.d)

Exhibit 4.5.b.ii - (related to Section 3.2.e)

Inventory

18

Exhibit 4.7.a.i - (related to Section 3.2.d)

Exhibit 4.7.a.ii - (related to Section 3.2.e)

Accounts Receivable

11

Exhibit 4.8.a.i - (related to Section 3.2.d)

Exhibit 4.8.a.ii - (related to Section 3.2.e)

Accounts Payable

10

Exhibit 4.9.a.i - (related to Section 3.2.d)

Exhibit 4.9.a.ii - (related to Section 3.2.e)

Insurance Policies

11

Exhibit 4.10

Contracts

12

Exhibit 4.11.a - (related to Section 3.2.d)

Exhibit 4.11.b - (related to Section 3.2.e)

Intellectual Property

14

Exhibit 4.17.a - (Names, Trademarks and other Company Logos)

Exhibit 4.17.b - (Trade or Brand Names)

Exhibit 4.17.C - (Recipes)

Exhibit 4.17.d - (Designs, Patents and Manuals)

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