Code Green Apparel Corp. (OTCPK:CGAC) entered into an agreement to acquire Designer Apparel Group, LLC from Steve Short for $0.05 million on January 18, 2018. As part of consideration, Code Green Apparel agreed to pay $25,000 in cash no later than 30 days following the closing date and $25,000 in cash no later than 180 days following the closing date; Code Green Apparel also agreed to issue 5 million shares of Code Green’s restricted common stock within 30 days from the closing date, 2.5 million shares of Code Green’s restricted common stock within 30 days of the one year anniversary of the closing date and 2.5 million shares of Code Green’s restricted common stock within 30 days of the two year anniversary of the closing date, provided Steve Short is employed by Code Green Apparel on the applicable date of determination. Under the terms of the agreement, in the event of bankruptcy by Code Green Apparel within ten years from closing, Steve Short has rights to acquire back all the shares of Designer Apparel Group from Code Green Apparel for $10 in cash. Post transaction, Designer Apparel Group, LLC will operate as a wholly owned subsidiary of Code Green Apparel Corp. Steve Short has been provided the option to serve on the board of directors of Code Green Apparel for a period of at least one year. The transaction is subject to the approval of by the managers of Designer Apparel, consummation of due diligence by Code Green Apparel, employment agreement for Steve Short, approval from the members of Designer Apparel (Steve Short being owner of 100% membership interest) and other customary conditions. David M. Love and John S. Gillies of The Loev Law Firm, PC acted as the legal adviser to Code Green Apparel on the transaction. Code Green Apparel Corp. (OTCPK:CGAC) completed the acquisition of Designer Apparel Group, LLC from Steve Short on January 18, 2018. Prior to closing, Steve Short waived off the employment agreement condition.