-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ENEhWkyiPK07jDaMkQ8FIDd+Z2LdJtzvgFk5+G18GWiS98Ed/Rd8STqyQBx/OfQW PBZSLZSvVKW/TPpBx8KjSw== 0001023175-06-000013.txt : 20060117 0001023175-06-000013.hdr.sgml : 20060116 20060117161242 ACCESSION NUMBER: 0001023175-06-000013 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060113 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060117 DATE AS OF CHANGE: 20060117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WHOLE LIVING INC CENTRAL INDEX KEY: 0001091983 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 870621709 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-26973 FILM NUMBER: 06533189 BUSINESS ADDRESS: STREET 1: 433 EAST BAY BLVD CITY: PROVO STATE: UT ZIP: 84606 BUSINESS PHONE: 8016551000 MAIL ADDRESS: STREET 1: 433 EAST BAY BLVD CITY: PROVO STATE: UT ZIP: 84606 8-K/A 1 whole8kamend.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A Amendment No. 1 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 13, 2006 Date of Report (Date of earliest event reported) WHOLE LIVING, INC. (Exact name of small business issuer as specified in its charter) Nevada 000-26973 87-0621709 (State of incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 433 East Bay Boulevard, Provo, Utah 84606 (Address of principal executive offices) (801) 655-1000 (Registrant's telephone number) [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 )) In this current report references to "Whole Living," "we," "us," and "our" refer to Whole Living, Inc. and its subsidiaries. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "project," or "continue" or comparable terminology used in connection with any discussion of future events or operations identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Section 2 - Financial Information Item 2.01 Completion of Acquisition or Disposition of Assets On January 12, 2006, our Board of Directors (the "Board") approved an agreement to purchase 2,300,000 membership interest units of ForeverGreen International, LLC, a Utah limited liability company ("ForeverGreen"). ForeverGreen is a network marketing company that focuses on whole foods and natural products. On January 13, 2006, we completed the acquisition pursuant to the Member Interest Purchase Agreement and acquired 2,300,000 membership units, that represent a 23% interest in ForeverGreen. In consideration for the membership units we issued 19,000,000 restricted shares of our common stock to four members of ForeverGreen as follows: .. Ronald Williams sold 2,000,000 membership units in exchange for 16,000,000 shares of Whole Living common stock; .. Robert Reitz sold 100,000 membership units in exchange for 1,000,000 shares of Whole Living common stock; .. Brenda Huang sold 100,000 membership units in exchange for 1,000,000 shares of Whole Living common stock; and .. Jerry Gray sold 100,000 membership units in exchange for 1,000,000 shares of Whole Living common stock. As a result of this transaction, ForeverGreen is a significant subsidiary of Whole Living. Pursuant to the purchase agreement, members of ForeverGreen were appointed as directors (See Item 5.01 and 5.02, below) and Whole Living will effect a 15-to-1 reverse of our common stock (See Item 8.01 - "Recapitalization," below) The consideration paid in the exchange was valued at $2,850,000 and was based upon $750,000 paid for a 4.5% interest in ForeverGreen purchased in October 2003, plus the fact that ForeverGreen's revenues had increased approximately 380% over the five months prior to the closing of the purchase agreement. The Whole Living shares were valued at $0.15 per share based on the trading prices of the our common stock prior to the closing of the purchase agreement. Section 3 - Securities and Trading Markets Item 3.02 Unregistered Sales of Equity Securities On November 11, 2005, we issued an aggregate of 13,682,344 shares of common stock for services rendered and conversion of debt. We issued 3,050,000 shares of common stock to seven individuals for services rendered. We issued 732,500 shares to Universal Business Insurance in consideration for past due premiums of $58,693 for director/officer liability insurance and liability and property insurance. We issued 9,899,844 shares to five persons to convert notes payable totaling $891,036. After the closing with ForeverGreen, we had 99,059,589 shares of common stock outstanding. The 19,000,000 shares of common stock issued in this transaction represent 19.2% of our issued and outstanding after the closing. 2 Section 5 - Corporate Governance and Management Item 5.01 Changes in Control of Company Pursuant to the purchase agreement, on January 13, 2006, the Board filled the director vacancy on our Board by appointing Ronald Williams as a director and Chairman of the Board. Mr. Williams previously served as Director, President and CEO of Whole Living from November 1998 to October 2002. On that same date Douglas J. Burdick tendered his resignation as director and the Board designated Brenda Huang to replace him. Mr. Burdick will continue as President of our subsidiary, Brain Garden, Inc. and will be available as an advisor to the Board. William L. Fifield also resigned as director of Whole Living and the Board designated Robert Reitz to replace him. Mr. Fifield will continue to work for Whole Living as the Vice-president of Communications. The biographies of the new directors are provided below in Item 5.02. As a result of the exchange of Whole Living stock and ForeverGreen membership units, Ronald Williams beneficially owns 16,000,000 shares, or 16.2% of our shareholder voting power, and the four members of ForeverGreen collectively hold 19.2% of the voting power. Item 5.02 Departure of Directors or Principal Officers: Election of Directors; Appointment of Principal Officers On January 13, 2006, Douglas J. Burdick, President, and Chief Executive Officer resigned those positions and William M. Fifield resigned as Secretary/Treasurer of the company. The Board appointed the following individuals as executive officers to fill those vacancies and the directors and executive officers of the company are: Ronald Williams Chairman of the Board, President and CEO Robert Reitz Director, Secretary/Treasurer, CFO and Vice-president of Finance Brenda Huang Director and Vice-president of Marketing Ronald Williams - Chairman of Board, President and CEO - Mr. Williams started in the network marketing industry in the 1980's as a distributor for NuSkin International and learned the trade and business with them. He then went on to Neways International from 1992 to 1997 and became its Vice-president of Sales and Marketing. During 1997 and 1998 he was the Senior Executive at Young Living Essential Oils and later founded Whole Living in November 1998. In May 2004 Mr. Williams launched his own company, ForeverGreen International, LLC, and that company's sales exceed $1 million per month. His focus on unique, fun and pleasurable products led to the development of an all natural health and wellness line at ForeverGreen International, LLC. Robert Reitz - Director, Secretary, Treasurer, CFO, and Vice-president Finance - - Mr. Reitz started in the network marketing industry in 1997 with Enrich International. He lived in and opened the Enrich Japan territory while working with Enrich throughout Asia, Europe and the Americas. Mr. Reitz is fluent in Japanese and also worked with markets throughout the world for Morinda/Tahitian Noni International. He developed a broad understanding of network marketing in the areas of commissions, finance, accounting, payroll, reporting, IT and human resources. Mr. Reitz has an MBA from NYU Stern School. Brenda Huang - Director and Vice-president of Marketing - Ms. Huang's marketing experience began while managing Asian operations growth in Taiwan for Morinda, Inc. After her success in Taiwan, Brenda accepted an offer to facilitate growth of Morinda in Hong Kong, China. She is experienced in creating business presentations for a variety of countries and languages. She is fluent in Mandarin Chinese, Japanese, Cantonese, Taiwanese and English. For the past nine years, she has worked directly with distributors in the capacities of General Manager, Sales and Marketing Manager, Customer Service and Operations Manager. 3 Section 8 - Other Events Item 8.01 Other Events Company Organization As part of the restructuring of management, the Board has restructured the organization of the company and appointed the following individuals to serve in the following capacities. Paul Frampton - Vice-president of Global Sales - Mr. Frampton has more than 15 years experience in the network marketing industry and received his Bachelors and Masters degrees in accountancy from Brigham Young University. He is a Certified Public Accountant in the state of Utah and speaks fluent Spanish. He started in the network marketing industry as a public accountant at Grant Thornton where he worked directly with Utah-based network marketing firms. For the previous 11 years, he worked with Enrich/Unicity in a number of positions. Rick Redford - Vice-president of Business Development - Mr. Redford has held positions in the health and wellness, and home-based business industry for more than ten years. He worked for companies such as NuVante, Enrich/Unicity and Weider Nutrition. He is experienced in developing business plans and leadership training programs. Mr. Redford studied Business Management at Brigham Young University and theater and the performing arts at the University of Utah. Jerry Gray - Vice-president of Operations and Product Development - Mr. Gray has worked for such companies as InShape International and Destiny WorldWide, in the network marketing industry, both domestic and international. He studied nutrition at the University of Utah and his knowledge of effective nutritional and personal care formulas is used to ensure all products contain only the purest and most effective ingredients available. William M. Fifield - Vice-president of Communications - Mr. Fifield was appointed Vice-president of Marketing and Communications for our subsidiary, Brain Garden, Inc., in July 2002 and became our director in 2003. He has been with Brain Garden since 1998. From 1997 to 1998 he was Director of Marketing for Young Living Essential Oils and from 1996 to 1997 he was Director of Marketing for The Story Teller. He has over 25 years experience in sales and marketing. He holds a Masters of Management from the Kellogg School of Management, Northwestern University. Daylen Bushman - Vice-president Production - Mr. Bushman has eight years of management, training, and operational experience in various industries, and holds a B.A in Communications from Brigham Young University. In his five year career with the Brain Garden, he has managed the warehouse, production, and purchasing. His responsibilities will be to ensure prompt and precise formulation and delivery of our products. Chris Patterson - General Counsel - Mr. Patterson has worked as an attorney in the health and wellness industry for the past ten years. He previously served as counsel for Enrich, Rexall Showcase International and Unicity in international expansion, compliance, regulatory, intellectual property and corporate matters. Prior to joining ForeverGreen, he served as the President and CEO for Zija International, another nutritional network marketing company. Mr. Patterson holds a B.A. from the University of Utah in Political Science along with a Certificate in International Relations. He received his Juris Doctorate from Washburn University in Topeka, Kansas and he is a member of both the Utah and Kansas state bar associations. Recapitalization On January 13, 2006, the Board authorized a 15-to-1 reverse split of our common stock, with any fractional shares of 0.5 or greater to be issued one share of common. The Board is taking the necessary steps to obtain shareholder approval by written consent for this corporate action and anticipates the reverse will become effective within the next 60 days. 4 Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Business Acquired Financial statements required by this item are not available at this time and will be filed not later than 71 calendar days after the date of this report. (b) Pro forma Financial Information Pro forma financial information required by this item is not available at this time and will be filed not later than 71 calendar days after the date of this report. (c) Exhibits No. Description - ---- ------------- 10.1 Member Interest Purchase Agreement between Whole Living and ForeverGreen International, LLC, dated January 13, 2006 SIGNATURES In accordance with the requirements of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. WHOLE LIVING, INC. /s/ Ronald Williams Date: January 16, 2006 By: ____________________________________________ Ronald Williams, President 5 EX-10.1 2 wholwex101.txt MEMBER INTEREST PURCHASE AGREEMENT BETWEEN WHOLE LIVING AND FOREVERGREEN INTERNATIONAL LLC DATED JANUARY 13, 2006 MEMBER INTEREST PURCHASE AGREEMENT This Member Interest Purchase Agreement (the "Agreement") is made and entered into by and between Whole Living, Inc., a Nevada corporation (the "Buyer" or the "Company") and Ron Williams, Robert Reitz, Brenda Huang and Jerry Gray (collectively "Sellers"), individually "Williams," "Reitz," "Huang" and "Gray"). RECITALS A. Sellers own member interests or Units in a Utah limited liability company known as Forever Green International, LLC ("Forever Green"). B. Sellers desire to sell, and the Buyer desires to purchase, a portion of the member interests or Units in Forever Green owned by the Sellers. AGREEMENT In exchange for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. Purchase and Sale. Sellers agree to sell and the Buyer agrees to buy a portion of the Sellers' member interests or units in Forever Green International, LLC ("Units") constituting twenty three percent (23%) of the total Units issued and outstanding. Said percentage is represented by two million three hundred thousand (2,300,000) Units. The Buyer shall issue to the Sellers a total of nineteen million (19,000,000) shares of the restricted common stock of the Buyer in payment for the Sellers' units ("Stock"). Such shares of the Buyer shall equal approximately nineteen percent (19%) of the then issued and outstanding stock of the Buyer on the date of closing. The Buyer agrees to issue the shares to the Sellers and the Sellers agree to sell, assign and transfer the Units as follows: a. Williams shall sell 2,000,000 Units for 16,000,000 shares of Stock. b. Reitz shall sell 100,000 Units for 1,000,000 shares of Stock. c. Huang shall sell 100,000 Units for 1,000,000 shares of Stock d. Gray shall sell 100,000 Units for 1,000,000 shares of Stock The purchase and sale of Units for Stock shall take place at the Closing set forth herein. 2. Sellers' Representations and Warranties. Sellers represent and warrant the following, which representations and warranties shall be true and accurate as the date of this Agreement as of the Closing. 1 a. Sellers have received all disclosures they deem reasonably necessary to make an informed decision as to the sale of the Purchased Units. b. The Purchase Price constitutes the entire purchase price for the sale of the Units notwithstanding the fact that the actual value of the Units may be higher than the Purchase Price and the value of the Units may increase at some time in the future. c. Sellers have the full power and authority to execute and deliver this Agreement, to perform their obligations under this Agreement, and to consummate the transactions contemplated by this Agreement. This Agreement constitutes the valid and legally binding obligations of Sellers, enforceable in accordance with its terms except to the extent that the same may be limited by laws concerning insolvency, bankruptcy, or similar laws, or equitable principles affecting the enforcement of creditor's rights generally, and, to the knowledge of Sellers, no facts exist that would cause such laws to have the effect of rendering this Agreement unenforceable. To the knowledge of Sellers, Sellers do not need to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any United States or other governmental agency in order to consummate the transactions contemplated by this Agreement; provided, however, that Sellers have made no review of any federal or state securities laws, and notwithstanding any provision of this Agreement to the contrary, makes no representation or warranty as to whether the transactions contemplated by this Agreement comply in any respect with any of such laws. d. The execution, delivery and performance by Sellers: (i) do not contravene, or constitute a default under, any provision of applicable law or regulation of which Sellers are aware or of any agreement, judgment, injunction, order, decree or other instrument binding upon Sellers, and (ii) do not conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under, any agreement, contract, lease, license, instrument, or other arrangement, in each case to which Sellers are party or by which Sellers are bound or to which Sellers' assets are subject. e. Sellers are the sole owners and holders of the Units, free and clear of any liens, encumbrances or other restrictions, except under applicable securities laws and under the Operating Agreement. Sellers are not party to any option, warrant, purchase right, or other contract or commitment that requires Sellers to sell, transfer, or otherwise dispose of any of the Units, other than this Agreement. f. Sellers have not engaged any broker or taken any action that could result in any liability or obligation to pay any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement for which Sellers or the Buyer could become liable or obligated. g. Sellers have not made any assignments for the benefit of creditors, filed any petition in bankruptcy, been adjudicated insolvent or bankrupt, petitioned or applied to any 2 tribunal for any receiver, conservator or trustee of any of his property or assets, or commenced any proceeding under any reorganization arrangement, readjustment of debt, conservation, dissolution or liquidation law or statute of any jurisdiction. No such action or proceeding has been commenced or threatened against Sellers by any creditor, claimant, governmental agency or other person. 3. The Company's Representations and Warranties. The Company represents and warrants the following, which representations and warranties shall be true and accurate as of the date of this Agreement and as of the Closing: a. The Company has the full power and authority to execute and deliver this Agreement, to perform its obligations under this Agreement, and to consummate the transactions contemplated by this Agreement. This Agreement constitutes the valid and legally binding obligations of the Company, enforceable in accordance with its terms except to the extent that the same may be limited by laws concerning insolvency, bankruptcy, or similar laws, or equitable principles affecting the enforcement of creditor's rights generally, and no facts exist that would cause such laws to have the effect of rendering this Agreement unenforceable. The Company does not need to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any United States or other governmental agency in order to consummate the transactions contemplated by this Agreement. b. The Shares issued by the Company to the Sellers shall be an original issuance of shares by the Company which issuance shall at or before the date of Closing have been duly authorized by the Board of Directors of the Company and such shares shall be issued to the Sellers free and clear of any claims, lien or encumbrances of any type or nature and shall be fully authorized and duly issued common stock of the Company. c. The execution, delivery and performance by the Company: (i) do not contravene, or constitute a default under, any provision of applicable law or regulation or of any organizational document of the Company or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Company; or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which the Company is party or by which the Company is bound or to which the Company's assets are subject. d. The Company has not engaged any broker or taken any action which could result in any liability or obligation to pay any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement for which Seller or the Company could become liable or obligated. e. The Company has not made any assignment for the benefit of creditors, filed any petition in bankruptcy, been adjudicated insolvent or bankrupt, petitioned or applied to any tribunal for any receiver, conservator or trustee of any of its property or assets, or 3 commenced any proceeding under any reorganization arrangement, readjustment of debt, conservation, dissolution or liquidation law or statute of any jurisdiction. No such action or proceeding has been commenced or threatened against the Company by any creditor, claimant, governmental agency or other person. 4. Conditions Precedent to Closing. a. The obligation of the Company to perform its obligations hereunder and to consummate the transactions contemplated hereby is subject to satisfaction of the following conditions: i. The representations and warranties of Seller set forth in Section 2 of this Agreement shall be true and correct in all material respects at and as of the Closing. ii. Seller shall have performed all of its covenants to be performed prior to or at the Closing under this Agreement in all material respects. iii. No final, nonappealable injunction or other order by any United States court having proper jurisdiction that prevents the consummation of the transactions contemplated by this Agreement shall have been issued and remain in effect. iv. Seller shall have executed and delivered all documents it was required to execute and deliver to the Corporation at the closing of the transactions contemplated by this Agreement. b. The obligation of Sellers to consummate the transactions to be performed by Sellers in connection with the Closing is subject to satisfaction of the following conditions: i. The representations and warranties of the Company set forth in Section 3 of this Agreement shall be true and correct in all material respects at and as of the Closing. ii. The Company shall have performed all of its covenants to be performed prior to or at the Closing under this Agreement in all material respects. iii. No final, nonappealable injunction or other order by any United States court having proper jurisdiction that prevents the consummation of the transactions contemplated by this Agreement shall have been issued and remain in effect. iv. The Corporation shall have executed and delivered all documents it was required to execute and deliver to Seller at the closing of the transactions contemplated by the Stock Purchase Agreement. 4 v. Bill Fifield and Doug Burdick will appoint Ron Williams to fill the current vacancy on Whole Living's Board of Directors. The term of this appointment will be until the next annual meeting or earlier termination or resignation. vi. Bill Fifield will resign as Secretary/Treasurer and a Director of Whole Living and hereby designate Robert Reitz as Secretary/Treasurer and a Director of Whole Living until the next annual meeting of shareholders or until his earlier termination or resignation. vii. Doug Burdick will resign as a Director of Whole Living and hereby designate Brenda Huang as a Director of Whole Living until the next annual meeting of shareholders or until his earlier termination or resignation. viii. Doug Burdick will also be available as an advisor to the Board of Directors while he is employed by Whole Living and/or its subsidiaries. ix. Upon the completion of these transactions, a special meeting of the Board of Directors will be called. At that time, the Board will appoint Ron Williams as the President and CEO of Whole Living and authorize a 15 for 1 reverse split on all of the outstanding shares of Whole Living. 5. Closing. a. Subject to the satisfaction or waiver of all conditions set forth in Section 4, the Closing of the Transaction contemplated hereby (the "Closing") shall be held at 10:00 a.m. Salt Lake City time at the offices of Forever Green located at 972 North 1432 West, Orem, Utah on Friday, January 13, 2006, or at such other time, place and date (or without a meeting) as may be mutually agreed upon by the parties hereto. b. At the Closing, the Company shall: i. Deliver the Shares to the Seller c. At the Closing, the Sellers shall: i. Deliver, transfer, assign and convey the Units to the Company. 6. Securities Laws. No consent, authorization, approval, permit or order of or filing with any Governmental Authority is required under current laws and regulations in connection with the execution and delivery of this Agreement or the offer, issuance, sale or delivery of the Units. The Sellers have not, directly or through an agent, offered the Units or any similar securities for sale to, or solicited any offers to acquire such securities from, persons other than the Company. Under the circumstances contemplated hereby, the offer, issuance, sale and delivery of the Units will not under current laws and regulations require compliance with the 5 prospectus delivery or registration requirements of all applicable state and federal securities laws. 7. Membership Interests in Forever Green. All of the outstanding membership interests or Units subject to this Agreement were duly authorized and validly issued and are fully paid and nonassessable. There are no outstanding subscriptions, options, warrants, calls, contracts, demands, commitments, Convertible Securities or other agreements or arrangements of any character or nature whatever, under which the Sellers are or may be obligated to sell the Units. Neither the offer nor the issuance or sale of the Units constitute an event, under any anti-dilution provisions of any Units issued or issuable by Forever Green or any agreements with respect to the issuance of Units by Forever Green, which will either increase the percentage membership interests issuable pursuant to such provisions or decrease the consideration to be received by Forever Green pursuant to such provisions (unless accompanied by an analogous decrease in the percentage membership interest issuable pursuant thereto). No holder of any Unit of Forever Green is entitled to any preemptive or similar rights to purchase membership interests in Forever Green, provided, however, that nothing in this Section shall affect, alter or diminish any right granted to the Buyer in this Agreement. All outstanding Units of Forever Green have been issued in full compliance with an exemption or exemptions from the registration and prospectus delivery requirements of the Securities Act and from the registration and qualification requirements of all applicable state securities laws. 8. Company Acts and Proceedings. This Agreement has been duly authorized by all necessary action on behalf of the Company, and has been duly executed and delivered by authorized officers of the Company. All action necessary to the authorization, creation, issuance an delivery of the Shares has been taken on the part of the Company, or will be taken by the Company on or prior to the Closing Date. This Agreement is a valid and binding agreement of the Company enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting the enforcement of creditors' rights generally, and except for judicial limitations on the enforcement of the remedy of specific enforcement and other equitable remedies. 9. Registration Rights. The Company has not agreed to register any of its authorized or outstanding securities under the Securities Act or any of the Shares being issued pursuant to this Agreement. 10. Disclosure. The Sellers have not knowingly withheld from the Buyer any material facts relating to the assets, business, operations, financial condition or prospects of Forever Green. No representation or warranty in this Agreement or in any statement or other document furnished or to be furnished to the Buyer pursuant hereto or in connection with the transactions contemplated hereby contains or will contain any untrue statement of a material fact or omits or will omit to state any material fact required to be stated herein or therein or necessary to make the statements herein or therein not misleading. 6 11. Additional Representations and Warranties of the Sellers. The Sellers represent further and warrants that: a. Investment Intent. The Shares being acquired by the Sellers hereunder are being acquired for the Sellers' own account and not with the view to, or for resale in connection with, any distribution or public offering thereof within the meaning of the Securities Act. The Sellers understand that the Shares have not been registered under the Securities Act or any applicable state laws by reason of its issuance or contemplated issuance in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act and such laws, and that the reliance of the Company and others upon this exemption is predicated in part upon this representation and warranty. The Sellers further understand that the Shares may not be transferred or resold without (a) registration under the Securities Act and any applicable state securities laws, or (b) an exemption from the requirements of the Securities Act and applicable state securities laws. b. Resales under Rule 144. The Sellers understand that they do not presently qualify for the exemption from registration pursuant to Rule 144 promulgated under the Securities Act by the Securities and Exchange Commission (the "Commission") and that in any event the Sellers may not sell any of the Shares pursuant to Rule 144 prior to the expiration of a two-year period after the Sellers have acquired the Shares. The Sellers understand that any sales pursuant to Rule 144 may only be made in full compliance with the provisions of Rule 144. c. No Brokers or Finders. No person, firm or corporation has or will have, as a result of any act or omission by the Sellers, any right, interest or valid claim against the Company for any commission, fee or other compensation as a finder or broker, or in any similar capacity, in connection with the transactions contemplated by this Agreement. The Sellers will indemnify and hold the Company harmless against any and all liability with respect to any such commission, fee or other compensation which may be payable or determined to be payable as a result of the actions of the Sellers in connection with the transactions contemplated by this Agreement. 12. Remedies. The Buyer and Sellers will be entitled to enforce their rights under this Agreement specifically, to recover any damages by reason of a breach of any provision hereof and to exercise all other rights existing in their favor. The parties agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that either party may, in their sole discretion, apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement. It is agreed that in the event of such action, the prevailing party shall be entitled to receive all fees, costs and expenses incurred, including without limitation such reasonable fees, costs and expenses incurred, including without limitation such reasonable fees and expenses of attorneys (whether or not litigation is commenced) and fees, costs and expenses of all appeals. 7 13. Remedies Cumulative. No right, power or remedy conferred upon either party pursuant to 12 above shall be exclusive, and each such right, power or remedy shall be cumulative and in addition to every other right, power or remedy, whether conferred hereby or by any such security or now or hereafter available at law or in equity or by statute or otherwise. 14. Remedies not Waived. No course of dealing between the parties, and no delay in exercising any right, power or remedy conferred hereby or by any such security or now or hereafter existing at law or in equity or by statute or otherwise, shall operate as a waiver of or otherwise prejudice any such right, power or remedy. 15. Changes, Waivers, etc. Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally, but only by a statement in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. 16. General. a. Representation by Legal Counsel. Each of the parties to this Agreement acknowledge that Daniel W. Jackson represents the Company, and only the Company, in connection with the Company's acquisition of the Units. Each agrees and acknowledges that he or she has had an opportunity to engage legal counsel and he or she has either engaged its own legal counsel to represent it in connection with the Company's acquisition of the Units, or has elected not to have legal counsel. b. Survival. The representations, warranties, and covenants made by the parties in this Agreement shall survive the execution of this Agreement, delivery of documents contemplated by this Agreement, and the Closing for a period of two (2) years from the date of this Agreement. c. Assignment, Binding Agreement. This Agreement may not be assigned by the Company or any Seller. To the extent applicable, this Agreement shall be binding upon and shall inure to the benefit of the successors, assigns, personal representatives, heirs and legatees of the parties to this Agreement, except as otherwise expressly limited by the terms of this Agreement. d. Expenses. Each party to this Agreement shall bear its own costs and expenses, including legal fees and expenses, incurred in connection with the negotiation and execution of this Agreement, and the transactions contemplated by this Agreement. e. Captions. The headings used in this Agreement are inserted for reference purposes only and shall not be deemed to define, limit, extend, describe or affect in any way the meaning, scope or interpretation of any of the terms or provisions of this Agreement or the intent hereof. 8 f. Entire Agreement. This Agreement and the documents and agreements referred to herein constitute the entire understanding and agreement between the parties with respect to the subject matter hereof and supersede all prior agreements, representations and understandings between the parties relating to the subject matter of this Agreement. All preceding agreements relating to the subject matter of this Agreement, whether written or oral, are hereby merged into this Agreement and the documents and agreements referred to herein. g. Counterparts. This Agreement may be signed on any number of counterparts with the same effect as if the signature to any counterpart were upon the same instrument. h. Severability. The provisions of this Agreement are severable, and should any provision hereof be void, voidable, unenforceable or invalid, such void, voidable, unenforceable or invalid provision shall not affect any other provision of this Agreement. i. Waiver of Breach. Any waiver by any party to this Agreement of any breach of any kind or character whatsoever by any other party, whether such be direct or implied, shall not be construed as a continuing waiver of such breach. j. Cumulative Remedies. The rights and remedies of the parties to this Agreement shall be construed as cumulative, and none of them shall be exclusive of, or in lieu or limitation of, any other right, remedy, or priority allowed by law or any other agreement between or among the parties. k. Amendment. This Agreement may not be modified except by an instrument in writing signed by the parties to this Agreement. l. Time of Essence. The parties agree that time is of the essence in the performance of all duties in this Agreement. m. Utah Law Governs. This Agreement shall be governed by and construed in accordance with the laws of the state of Utah. n. Attorney's Fees. In the event that any party to this Agreement shall institute any action or proceeding against any other party to this Agreement relating to the provisions of this Agreement, or any default under this Agreement, then and in that event, the non-prevailing party in such action or proceeding agrees to pay all reasonable expenses of the prevailing party, including all reasonable attorney's fees and disbursements, incurred in the action by the prevailing party. o. Further Assurances. At any time after the Closing, if any further action is necessary or desirable to carry out the purposes of this Agreement, each of the parties shall take such further action, including the execution and deliver of such further instruments and documents, as any other party may reasonably request. 9 p. Notices. Any notice, payment, demand or communication required or permitted to be given by any provision of this Agreement shall be deemed to have been sufficiently given or served for all purposes if delivered personally to the party or to an officer of the party to whom the same is directed or if sent by registered or certified mail, postage and charges prepaid, addressed as follows: If to the Company: Whole Living, Inc. Attention: Doug Burdick 443 East Bay Boulevard Provo, Utah 84606 If to Sellers: Ron Williams 1091 North 1170 East Orem, Utah 84097 Robert Reitz 630 West 960 North Orem, Utah 84057 Brenda Huang 750 East Empire Avenue Salt Lake City, Utah 84106 Jerry Gray 972 North 1430 West Orem, Utah 84057 Any such notice shall be deemed to be given on the date on which the same was deposited in a regularly maintained receptacle for the deposit of United States mail, addressed and sent as set forth in this Agreement. IN WITNESS WHEREOF, this Agreement has been executed and delivered by each of the parties as of the date first written above. Dated effective _____________, 2006. BUYER: WHOLE LIVING, INC., a Nevada corporation 10 By: /s/ Douglas Burdick ______________________________ Name: Title: President SELLERS: /s/ Ron Williams __________________________________ Ron Williams /s/ Robert Reitz __________________________________ Robert Reitz /s/ Brenda Huang __________________________________ Brenda Huang /s/ Jerry Gray __________________________________ Jerry Gray Acknowledged and approved by Forever Green International, LLC /s/ Ron Williams By: _______________________________________ Ron Williams Its Manager 11 -----END PRIVACY-ENHANCED MESSAGE-----