Organization and Standing from Asset Purchase Agreement
This ASSET PURCHASE AGREEMENT (the Agreement), dated as of January 4, 2017, is entered into by and among Patriot Bioenergy Corporation, a Kentucky corporation, (the Seller''), and Real Estate Contacts, Inc. (REAC), a Florida corporation (the Buyer'').
Organization and Standing. Seller is a Kentucky corporation. Seller through its authorized representative has all necessary power and authority to carry on the Business as it is now being conducted, to own or use the properties and assets it purports to own or use, and to execute and deliver this Agreement and other instruments referred to herein and to perform its obligation thereunder.