Inventory Purchase Agreement
Exhibit 6.7
This Inventory Purchase Agreement (“Agreement”) is made this December , 2022, by and between White Label Sync LLC (“Seller”) and Impossible Kicks Holding Company, Inc. (“Purchaser”).
1. Purchase and Sale. Seller will sell, transfer, assign, convey and deliver to Purchaser, free and clear of all liens and encumbrances, and Purchaser will purchase, all of Seller’s right, title and interest in, under and to all of the Seller’s authenticated collectible sneaker inventory listed on Exhibit A (“Purchased Inventory”) attached hereto and made a part hereof; all of which shall be shipped by Seller to Purchaser’s premises located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇-▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ at Seller’s expense (the “Location”).
2. No Assumed Liabilities. Purchaser shall not assume or in any way be responsible for any of the debts, liabilities or obligations of Seller of any kind.
3. Purchase Price. The purchase price for the Purchased Inventory (the “Purchase Price”) is expected to be $810,000.00, payable to Seller in four (4) equal installments with one-quarter (1/4th) of the Purchase Price payable thirty (18) days after Purchaser’s inspection and approval of such Purchased Inventory with one-quarter (1/4th) of such Purchase Price payable over each thirty (30) day period thereafter subject to any adjustments pursuant to Section 4. The purchase is subject to Purchaser’s in person inspection and subject to Purchaser’s confirmation that each item of Purchased Inventory is authenticated and determined to be a genuine collectible pair of sneakers in proper condition as determined by Purchaser in its sole determination.
4. Purchase Price Subject to Adjustment. In the event that any item of the Purchased Inventory is not authentic, the Purchase Price allocated to each pair of sneakers shall be deducted from the aggregate Purchase Price amount. In the event that any item of the Purchased Inventory or any packaging is determined by Purchaser to be damaged at the time of such inspection, a mutually agreeable adjustment to the Purchase Price shall be made for any such item or items. Once all agreed to Purchase Price adjustments have been made, the Purchase Price and the installment payment amounts shall be documented by the parties which writing shall be considered an amendment to this Agreement.
5. Representations and Warranties. Each party represents and warrants to the other that this Agreement is, and each of the other agreements and instruments of such party contemplated hereby will be, the valid and binding obligations of such party, enforceable against such party in accordance with their respective terms, and that it has not dealt with any agent, finder, broker or other representative in any manner which could result in the other party being liable for any fee or commission in the nature of a finder’s fee or originator’s fee in connection with the subject matter of this Agreement. Seller represents and warrants that Seller has been duly authorized by its Board of Directors and shareholders to enter into this sale transaction and to deliver to Purchaser its Bill of Sale with respect to the Purchased Inventory. Seller has good and marketable title to all of the Purchased Inventory, free and clear of any security interests, liens, charges or encumbrances of any kind or nature. No claim has been asserted or action commenced or threatened by any party which could result in the imposition of a lien or attachment on all or any portion of the Purchased Inventory.
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6. Covenants. Seller shall assume all risk of loss for such Purchased Inventory until received by Purchaser at the Location.
7. Conditions to Closing. Unless waived in writing by ▇▇▇▇▇▇▇▇▇, the obligation of Purchaser hereunder to consummate the proposed purchase hereunder is subject to the satisfaction of the following conditions to Purchaser’s satisfaction:
(i) The representations and warranties of Seller herein shall be true and accurate in all respects and Seller shall have performed the covenants required to be performed by it;
(ii) [Seller shall have provided Purchaser with executed copies of Seller’s corporate resolutions and such other documentation confirming Seller’s authority to sell the Purchased Inventory and Property to Purchaser as provided hereunder;]
(iii) Seller shall have obtained any release of liens (if appliable) and confirmation or authorization for the filing of any applicable UCC-3 financing statement; and
(iv) Seller shall have executed and delivered a Bill of Sale, in the form attached hereto as Exhibit B and made a part hereof.
8. Notices. Any notices or other communications required or permitted to be given hereunder shall be sufficiently given if delivered in person or mailed by registered or certified mail, return receipt requested, or sent by nationally recognized overnight delivery service, addressed as follows:
If to Seller, to it at:
Impossible Kicks Holding Company, Inc.
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
Suite 400
Irvine, California 92618
If to Purchaser, to it at:
White Label Sync LLC
▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Suite 410
El Segundo, California 90245
9. Termination. This Agreement and the transactions contemplated hereby may be terminated by Purchaser if the obligations of Seller herein are not satisfied.
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Upon termination of this Agreement for any reason, all further obligations of Seller and Purchaser to one another will terminate other than as set forth in Section 10.
10. Indemnity. Seller hereby covenants and agrees to indemnify, hold harmless and defend the Purchaser, its successors and assigns (collectively, the “Indemnitees”) from and against any and all liability, loss, damage, cost, expense (including, without limitation, reasonable attorneys’ fees and expenses), cause or action, suits, claim, demand or judgment of any nature pertaining to any breach of the representations and warranties of Seller set forth in this Agreement and any claim or lien asserted against the Purchased Inventory in any way relating to or arising during the Seller’s period of ownership thereof.
11. Miscellaneous. Except as expressly provided herein, all costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such costs and expenses. The representations, warranties and covenants made herein and in the Bill of Sale to be executed by Seller shall survive the Closing. This Agreement embodies the entire agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to such subject matter. No term of this Agreement may be amended without the written consent of the parties hereto, and no term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) without the written consent of the party so waiving. No waivers of or exceptions to any term, condition or provision of this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision. The Section headings are for the convenience of the parties and in no way alter, modify, amend, limit, or restrict the contractual obligations of the parties. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision hereof. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut, without regard to its conflicts of laws rules. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successor and assigns and shall survive the transfer of the Purchased Inventory. In any litigation arising out of this Agreement, the prevailing party in such action shall be entitled to recover from the other party its costs and reasonable attorneys’ fees incurred in such action. This Agreement may be executed and delivered (including by facsimile or electronic transmission in portable document format (.pdf)) in more than one counterpart, each of which shall be deemed to be an original and which, together, shall constitute one and the same instrument.
| Impossible Kicks Holding Company, Inc. | |||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Name: | ▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: | CEO | ||
| Agreed: | |||
| White Label Sync LLC | |||
| By: | /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Name: | ▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: | CEO | ||
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Exhibit A
INVENTORY
(See Attached Inventory List)
| SNEAKER | SKU | SIZE | ASKING | Final Offer | ||||||||
| Air Jordan 1 High Shadow 2013 | 555088014 | 9 | $ | 370.00 | $ | 334.00 | ||||||
| Air Jordan 1 High Shadow 2013 | 555088014 | 9 | $ | 370.00 | $ | 334.00 | ||||||
| Air Jordan 1 High Shadow 2009 | 332550001 | 10.5 | $ | 688.00 | $ | 555.00 | ||||||
| Air Jordan 1 High Shadow 2018 | 555088013 | 9 | $ | 404.00 | $ | 404.00 | ||||||
| Air Jordan 1 High Shadow 2.0 | 555088035 | 9 | $ | 238.00 | $ | 238.00 | ||||||
| Air Jordan 1 High Fragment | 716371040 | 9 | $ | 4,090.00 | $ | 3,330.00 | ||||||
| Air Jordan 1 High Bred Toe | 555088610 | 9 | $ | 521.00 | $ | 521.00 | ||||||
| Air Jordan 1 High Shattered Backboard 1.0 | 555088005 | 9 | $ | 1,382.00 | $ | 1,061.00 | ||||||
| Air Jordan 1 High Shattered Backboard 2.0 | 555088113 | 9 | $ | 1,241.00 | $ | 888.00 | ||||||
| Air Jordan 1 High Not For Resale Yellow | 861428107 | 9.5 | $ | 2,625.00 | $ | 2,625.00 | ||||||
| Air Jordan 1 High Not For Resale Red | 861428106 | 9 | $ | 821.00 | $ | 821.00 | ||||||
| Air Jordan 1 High Quai 54 | ah1040054 | 9 | $ | 430.00 | $ | 430.00 | ||||||
| Air Jordan 1 High Quai 54 Friends n Family | 767119XC | 11.5 | $ | 2,823.00 | $ | 2,823.00 | ||||||
| Air Jordan 1 High Chicago 2015 | 555088101 | 9 | $ | 1,800.00 | $ | 1,800.00 | ||||||
| Air Jordan 1 High Chicago 2013 | 332550163 | 9 | $ | 930.00 | $ | 930.00 | ||||||
| Air Jordan 1 High Chicago 1994 | 13020710100 | 11 | $ | 4,400.00 | $ | 3,330.00 | ||||||
| Air Jordan 1 High Black Toe | 555088-125 | 9 | $ | 810.00 | $ | 777.00 | ||||||
| Air Jordan 1 High UNC OG | 555088-117 | 9 | $ | 800.00 | $ | 777.00 | ||||||
| Air Jordan 1 High University Blue | 555088-134 | 9 | $ | 365.00 | $ | 365.00 | ||||||
| Air Jordan ▇ ▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇-707 | 9 | $ | 400.00 | $ | 349.00 | ||||||
| Air Jordan 1 High Royal 2013 | 555088085 | 9 | $ | 520.00 | $ | 499.00 | ||||||
| Air Jordan 1 High Royal 2001 | 136066041 | 9 | $ | 845.00 | $ | 777.00 | ||||||
| Air Jordan 1 High Royal Toe | 555088041 | 9 | $ | 237.00 | $ | 237.00 | ||||||
| Air Jordan 1 High Dior #8458 | CN8607-002 | 8.5 | $ | 8,864.00 | $ | 7,770.00 | ||||||
| Air Jordan 1 High Dior #5581 | CN8607-002 | 9 | $ | 8,999.00 | $ | 8,325.00 | ||||||
| Air Jordan 1 High Dior #5312 | CN8607-002 | 10 | $ | 6,305.00 | $ | 6,305.00 | ||||||
| Air Jordan 1 Low Dior #3738 | CN8608 002 | 9 | $ | 6,000.00 | $ | 5,772.00 | ||||||
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| Air Jordan 1 Low Dior #5973 | CN8608 002 | 9 | $ | 6,000.00 | $ | 5,772.00 | ||||||
| Air Jordan 1 High ▇▇▇▇▇▇ ▇▇▇▇▇ | cd4487100 | 11 | $ | 1,511.00 | $ | 1,498.00 | ||||||
| Air Jordan 1 High ▇▇▇▇▇▇ ▇▇▇▇▇ | cd4487100 | 9 | $ | 1,536.00 | $ | 1,536.00 | ||||||
| Air Jordan 1 High ▇▇▇▇▇▇ ▇▇▇▇▇ | cd4487100 | 9 | $ | 1,536.00 | $ | 1,536.00 | ||||||
| Air Jordan 1 Low ▇▇▇▇▇▇ Mocha | Cq4277001 | 9 | $ | 1,650.00 | $ | 1,650.00 | ||||||
| Air Jordan 1 Low ▇▇▇▇▇▇ Mocha | Cq4277001 | 9 | $ | 1,650.00 | $ | 1,650.00 | ||||||
| Air Jordan 1 High Union Black Toe | bv1300106 | 8.5 | $ | 1,417.00 | $ | 1,332.00 | ||||||
| Air Jordan 1 High Homage to Home # | ar9880023 | 9 | $ | 1,242.00 | $ | 555.00 | ||||||
| Air Jordan 1 High Rust Pink | 861428101 | 9 | $ | 9,203.00 | $ | 5,000.00 | ||||||
| Air Jordan 1 High Igloo | 861428100 | 9.5 | $ | 6,214.00 | $ | 6,000.00 | ||||||
| Air Jordan 1 High ▇▇▇▇▇▇▇ | 555088123 | 9 | $ | 600.00 | $ | 277.00 | ||||||
| Air Jordan 1 High Bred Banned 2016 | 555088001 | 9 | $ | 752.00 | $ | 743.00 | ||||||
| Air Jordan 1 High Bred 2013 | 555088023 | 9 | $ | 715.00 | $ | 499.00 | ||||||
| Air Jordan 1 High Bred 1985 (no og box) | 10.5 | $ | 20,000.00 | $ | 20,000.00 | |||||||
| Air Jordan 1 Banned Bred 2011 | 432001001 | 9.5 | $ | 5,000.00 | $ | 1,800.00 | ||||||
| Air Jordan 1 High Satin Banned | 917359001 | 9 | $ | 4,000.00 | $ | 3,885.00 | ||||||
| Air Jordan 1 High Satin Royal | 921193007 | 10.5 | $ | 2,099.00 | $ | 1,776.00 | ||||||
| Air Jordan 1 High White/Black | 555088010 | 9 | $ | 1,000.00 | $ | 943.00 | ||||||
| Air Jordan 1 High White/Black | 555088010 | 9.5 | $ | 1,000.00 | $ | 943.00 | ||||||
| Air Jordan 1 High Storm Blue | 555088127 | 9 | $ | 529.00 | $ | 529.00 | ||||||
| Air Jordan 1 High 85 Grey | bq4422100 | 9 | $ | 292.00 | $ | 292.00 | ||||||
| Air Jordan 1 High 85 Bred | bq4422600 | 9 | $ | 416.00 | $ | 416.00 | ||||||
| Air Jordan 1 High What the Doernbecher | 1 of 1 US9 | 9 | $ | 90,000.00 | $ | 90,000.00 | ||||||
| Air Jordan 1 High ▇▇▇▇▇▇▇ (Friends n Family) | 836733 XC | 9 | $ | 16,000.00 | $ | 11,100.00 | ||||||
| Air Jordan 1 Trophy Room (no box) | da2728100 | 10 | $ | 1,500.00 | $ | 1,110.00 | ||||||
| Air Jordan 1 Mid UNC Patent | 136085140 | 9 | $ | 700.00 | $ | 444.00 | ||||||
| Air Jordan 3 Tinker ▇▇▇▇▇▇▇▇ Oregon Ducks PE Sample | 867493 | 9 | $ | 8,000.00 | $ | 5,300.00 | ||||||
| Air Jordan 4 KAWS Grey | 930155003 | 9.5 | $ | 2,200.00 | $ | 1,776.00 | ||||||
| Air Jordan 4 Manila #018/150 | HO19 MNJDLS 416 LN3 | 9 | $ | 30,000.00 | $ | 27,750.00 | ||||||
| SB Dunk Low Panda Pigeon Special box | bv131001 | 8 | $ | 1,920.00 | $ | 1,887.00 | ||||||
| SB Dunk Low Cherry | 304292671 | 9.5 | $ | 4,110.00 | $ | 2,775.00 | ||||||
| SB Dunk Low Day of the Dead | 313170801 | 10 | $ | 7,000.00 | $ | 4,995.00 |
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| SB Dunk Low Heineken | 304292 | 10 | $ | 4,575.00 | $ | 4,440.00 | ||||||
| SB Dunk Low Staple Pigeon NYC | 304292011 | 9 | $ | 60,000.00 | $ | 36,630.00 | ||||||
| SB Dunk Low Supreme Red Cement | 313170600 | 9 | $ | 2,235.00 | $ | 1,665.00 | ||||||
| SB Dunk Low Supreme Black Cement | 304292131 | 9.5 | $ | 4,999.00 | $ | 4,999.00 | ||||||
| SB Dunk Low Supreme White Cement | 304292001 | 9.5 | $ | 5,000.00 | $ | 1,998.00 | ||||||
| SB Dunk Low ▇▇▇▇ ▇▇▇▇▇▇▇▇ | 304292702 | 9 | $ | 2,000.00 | $ | 1,110.00 | ||||||
| SB Dunk Low Frame Skate Habibi | ct2550600 | 10.5 | $ | 759.00 | $ | 712.00 | ||||||
| SB Dunk Low Grateful Dead Orange | cj5378800 | 9 | $ | 4,000.00 | $ | 2,331.00 | ||||||
| SB Dunk Low Red Lobster Special Box (Signed by Stash) | 13170-661 | 9.5 | $ | 11,000.00 | $ | 3,330.00 | ||||||
| SB Dunk Low Zoo York | 305162 201 | 9 | $ | 6,000.00 | $ | 4,662.00 | ||||||
| SB Dunk Low Stash (Signed by Stash) | 307371 001 | 10 | $ | 20,000.00 | $ | 15,000.00 | ||||||
| SB Dunk Low Bison | 304292226 | 9.5 | $ | 2,955.00 | $ | 888.00 | ||||||
| SB Dunk Low Newcastle Brown Ale | 313170741 | 9 | $ | 1,415.00 | $ | 943.00 | ||||||
| SB Dunk Low Pro Black Summit Unreleased (no box) | 9 | $ | 10,000.00 | $ | 3,330.00 | |||||||
| SB Dunk Low Gardener Meets Nike Hong Kong Special box | 29092006 | 9.5 | $ | 16,000.00 | $ | 13,320.00 | ||||||
| SB Dunk Low Supreme Green | dh3228101 | 9 | $ | 701.00 | $ | 701.00 | ||||||
| SB Dunk Low Supreme Black | dh3228102 | 9 | $ | 491.00 | $ | 491.00 | ||||||
| SB Dunk Low De La Soul | 789841332 | 9 | $ | 350.00 | $ | 350.00 | ||||||
| SB Dunk Low Vamps | 304292061 | 9.5 | $ | 340.00 | $ | 340.00 | ||||||
| SB Dunk Low What The | 318403141 | 9 | $ | 17,000.00 | $ | 15,000.00 | ||||||
| SB Dunk Low City Pack London | 308269-111 | 9.5 | $ | 30,000.00 | $ | 19,000.00 | ||||||
| SB Dunk Low City Pack Paris (no box) | 308270-111 | 9 | $ | 80,000.00 | $ | 70,000.00 | ||||||
| SB Dunk Low City Pack Paris | 308270-111 | 9.5 | $ | 135,000.00 | $ | 86,500.00 | ||||||
| SB Dunk Low City Pack Tokyo | 308268-111 | 9.5 | $ | 29,500.00 | $ | 19,980.00 | ||||||
| SB Dunk Low Vietnam 25th Anniversary Promo | rare, no past or current listings | 9.5 | $ | 10,000.00 | $ | 10,000.00 | ||||||
| SB Dunk Low Iowa (no box) | 304292706 | 9 | $ | 1,000.00 | $ | 666.00 | ||||||
| SB Dunk Low ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (no box) | rare, no past or current listings | 9 | $ | 30,000.00 | $ | 25,000.00 | ||||||
| SB Dunk Low ▇▇▇▇▇ Friends n Family | cn4504300 | 10 | $ | 14,950.00 | $ | 11,100.00 | ||||||
| SB Dunk Low Chunky Dunk Friends n Family Special Box | CU3244-100 | 9 | $ | 1,833.00 | $ | 1,776.00 |
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| SB Dunk Low 7-Eleven (no box) | CZ5130-600 | 11.5 | $ | 3,000.00 | $ | 1,665.00 | ||||||
| SB Dunk Low Pushead | 536356002 | 9 | $ | 708.00 | $ | 555.00 | ||||||
| SB Dunk Low City Market | da6125900 | 9 | $ | 223.00 | $ | 223.00 | ||||||
| SB Dunk Low Street Hawker | cv1628800 | 9.5 | $ | 336.00 | $ | 336.00 | ||||||
| SB Dunk Low Diamond Canary Friends n Family | BV1310-700 | 9 | $ | 7,000.00 | $ | 7,000.00 | ||||||
| SB Dunk Low ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | 304292402 | 9 | $ | 457.00 | $ | 457.00 | ||||||
| SB Dunk High ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | 65359940 | 9 | $ | 457.00 | $ | 457.00 | ||||||
| SB Dunk High ▇▇▇▇ ▇▇▇▇▇▇▇▇ Friends n Family Special Box | 881758001 | 9.5 | $ | 2,000.00 | $ | 888.00 | ||||||
| SB Dunk High Gasparilla Special Box (1 extra insole) | 313171028 | 9.5 | $ | 1,793.00 | $ | 1,443.00 | ||||||
| SB Dunk High MF Doom | 313171004 | 9.5 | $ | 4,999.00 | $ | 1,554.00 | ||||||
| SB Dunk High Supreme Orange | 307385-181 | 9.5 | $ | 5,450.00 | $ | 3,885.00 | ||||||
| SB Dunk High Supreme Blue | 307385-141 | 9.5 | $ | 5,500.00 | $ | 3,885.00 | ||||||
| SB Dunk High Quasimoto (no box) | rare, no past or current listings | 10.5 | $ | 25,000.00 | $ | 13,320.00 | ||||||
| SB Dunk Black Sheep Paid in Full (no box) | 313171170 | 9.5 | $ | 600.00 | $ | 499.00 | ||||||
| SB Dunk High Fragment Beijing (2010) | 407920025 | 9.5 | $ | 2,000.00 | $ | 1,665.00 | ||||||
| SB Dunk High What the Doernbecher (no box) | 175450 | 9 | $ | 90,000.00 | $ | 20,000.00 | ||||||
| SB Dunk High ▇▇▇▇ (no box) | 305050112 | 12 | $ | 60,000.00 | $ | 45,000.00 | ||||||
| SB Dunk High Unkle | 305050013 | 10 | $ | 3,461.00 | $ | 3,461.00 | ||||||
| SB Dunk High Deftones (no box) | BMB410M1C3 | 10 | $ | 3,000.00 | $ | 2,220.00 | ||||||
| Lunarlon Dunk High Supreme Red Sample | fnf supreme employee only | 10 | $ | 15,000.00 | $ | 7,770.00 | ||||||
| SB Blazer Supreme White | 313962121 | 9 | $ | 5,000.00 | $ | 1,110.00 | ||||||
| Air Yeezy 2 Pure Platinum (damaged box) | 508214010 | 9.5 | $ | 8,000.00 | $ | 6,105.00 | ||||||
| Air Yeezy 2 Solar Red | 508214006 | 9 | $ | 5,933.00 | $ | 5,933.00 | ||||||
| Air Yeezy 2 Red October | 508214660 | 11.5 | $ | 15,000.00 | $ | 13,000.00 | ||||||
| Air Yeezy 2 Red October | 508214660 | 13 | $ | 14,000.00 | $ | 14,000.00 | ||||||
| The Ten: Zoom Fly Muslins | aj4588100 | 9 | $ | 600.00 | $ | 600.00 | ||||||
| The Ten: Off White Vapormax FK Black | aa3831001 | 10 | $ | 1,266.00 | $ | 1,096.00 | ||||||
| The Ten: Off White Air Max 97 (missing zip tie) | aj4585100 | 9 | $ | 1,238.00 | $ | 999.00 | ||||||
| The Ten: Off White Jordan 1 Chicago (missing White Lace) | aa3834101 | 9 | $ | 5,400.00 | $ | 4,995.00 | ||||||
| The Ten: Off White Air Max 90 | aa7293100 | 10 | $ | 1,737.00 | $ | 1,665.00 | ||||||
| Off White Vapormax Black 2.0 | aa3831002 | 10 | $ | 877.00 | $ | 666.00 | ||||||
| Off White Grim Reaper Blazer | aa3832001 | 10.5 | $ | 780.00 | $ | 780.00 | ||||||
| Off White Zoom Fly Black | aj4588001 | 10.5 | $ | 575.00 | $ | 405.00 | ||||||
| Air Max 1/97 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | Aj4219400 | 9 | $ | 800.00 | $ | 800.00 | ||||||
| Air Force 1 Playstation (no box) | 1/150 promo | 11 | $ | 15,000.00 | $ | 7,770.00 | ||||||
| Bape Sta Kanye College Drop Out | 0607FS001 | 8.5 | $ | 12,000.00 | $ | 7,770.00 | ||||||
| Menthol Ari 10s | 12 | $ | 13,000.00 | $ | 11,000.00 | |||||||
| ▇▇▇▇▇▇ Lotus ▇▇▇▇▇ ▇▇▇ Dunk | 10 | $ | 300.00 | $ | 300.00 | |||||||
| ▇▇▇▇▇▇ Lotus ▇▇▇▇▇ ▇▇▇▇▇ Dunk | 10 | $ | 300.00 | $ | 300.00 | |||||||
| Total | $ | 809,985.00 |
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Exhibit B
BILL OF SALE
This Bill of Sale (this “Bill of Sale”) is executed as of December , 2022 by White Label Sync LLC (“Seller”) in favor of Impossible Kicks Holding Company, Inc.
(“Purchaser”).
Seller and Purchaser entered into an Inventory Purchase Agreement dated as of December , 2022 (the “Purchase Agreement”), pursuant to which Seller agreed to sell, convey, transfer, assign and deliver to Purchaser the Purchased Inventory (as defined in the Purchase Agreement) upon the terms and conditions set forth therein. Pursuant to the terms of the Purchase Agreement, Seller hereby delivers this Bill of Sale.
1. Sale and Assignment. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller does hereby irrevocably sell, convey, transfer, assign and deliver to Purchaser, its successors and its assigns all right, title and interest in and to all of the Purchased Inventory more particularly described on Exhibit A attached hereto and incorporated herein, free and clear of any lien, security interest, claim, or encumbrance. Seller does represent, covenant and agree that it has good and marketable title to the Purchased Inventory, free and clear of any and all liens or encumbrances and that it shall warrant and defend same to Purchaser against the claims of any person whatsoever.
2. Further Instruments. Seller does hereby agree to execute and have executed all such further bills of sale, assignments, instruments of transfer and agreements as may reasonably be necessary in order to transfer more fully and effectively the Purchased Inventory to Purchaser.
3. Miscellaneous. This Bill of Sale shall be binding upon Seller and its successors and assigns. This Bill of Sale shall be governed by and construed in accordance with the laws of the State of Connecticut, without regard to its conflicts of laws rules. This Bill of Sale shall not be construed as a waiver of, or to limit, terminate, modify or derogate from, the representations, warranties and covenants set forth in the Purchase Agreement.
IN WITNESS WHEREOF, the undersigned has executed this Bill of Sale as a sealed instrument as of the date first above written.
| White Label Sync LLC | |||
| By: | /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Name: | ▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: | CEO | ||
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