Agreement, date November 20, 2018

EXHIBIT 1.01

AGREEMENT

This (the “Agreement”) is made and entered into as of November 20, 2018 between CloudCommerce, Inc., a Nevada corporation (the “Company”), whose primary office address is 321 6^th Street, San Antonio, Texas 78215 and Bradley Parscale, who has a mailing address at 321 6TH ST SAN ANTONIO, TX 78215 (“Parscale”). The Company and Parscale are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

R E C I T A LS

WHEREAS, the Company and the Parscale entered into a Purchase Agreement dated August 1, 2017 (the “Purchase Agreement”);

WHEREAS, pursuant to the Purchase Agreement the Company agreed to purchase 100% of the membership interests of Parscale Media, LLC, a limited liability company that Parscale owned 100% of the membership interests in;

WHEREAS, pursuant to the Purchase Agreement the purchase price to purchase the membership interest of Parscale Media, LLC was $1,000,000 (the “Purchase Price”);

WHEREAS, the Company and Parscale entered into a First Amendment to Purchase Agreement, dated February 1, 2018 (the “Amendment to the Purchase Agreement”);

WHEREAS, pursuant to the Amendment to the Purchase Agreement the Company and Parscale agreed that the Purchase Price would be paid by the Company issuing Parscale a promissory note in the amount of $1,000,000 (the “Promissory Note”);

WHEREAS, the closing for the purchase of the membership interest of Parscale Media, LLC occurred on February 1, 2018 and the Promissory Note was issued to Parscale;

WHEREAS, as of the date hereof the balance of the note is $663,380;

WHEREAS, Parscale is the sole member of Parscale Strategy, LLC (“Parscale Strategy”) and owns all of the membership interests of Parscale Strategy

WHEREAS, as of the date hereof, Parscale Strategy owes the Company $729,979.37 related to the invoices set forth on Schedule 1 attached hereto (the “Outstanding Invoices”);

WHEREAS, the Company and Parscale wish to offset the amounts owed to each other as set forth herein;

NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged by the Company and Parscale agree as follows;

1.                   Satisfaction of the Promissory Note. Parsacle hereby agrees that as of the date hereof the Promissory Note is hereby satisfied, paid in full and of no further effect and Parsacle shall immediately return the originally signed Promissory Note to the Company.

2.                   Satisfaction of the Invoices. The Company hereby agrees that as of the date hereof that $663,380 of the outstanding Invoices are deemed paid in full, leaving a balance of $66,599.37 in outstanding invoices. For avoidance of doubt, the oldest invoices totaling $663,380, specifically set forth

on Schedule 1 are deemed paid in full. The remaining balance of outstanding invoices will be due upon execution of this agreement.

3.                   Representations and Warranties of Parscale and Parscale Strategy..

Parscale and Parscale Strategy each hereby represent and warrants to the Company as follows:

3.1 Power and Authority; Binding Nature of Agreement.  Parscale and Parscale Strategy, each have full power and authority to enter into this Agreement and to perform their obligations hereunder. This Agreement is a valid and binding obligation of Parscale and Parscale Strategy except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors’ rights, and the effect or availability of rules of law governing specific performance, injunctive relief or other equitable remedies (regardless of whether any such remedy is considered in a proceeding at law or in equity). Parscale hereby represents and warrants that he has not assigned not sold, mortgaged, pledged, hypothecated, or otherwise encumbered the Promissory Note and there are no agreements with respect to any of the foregoing. Parscale represents that it is the lawful owner of the Promissory Note free and clear of any liens or encumbrances

3.2  Brokers.  Parscale and Parscale Strategy have not agreed to pay any brokerage fees, finder’s fees or other fees or commissions with respect to the transactions contemplated by this Agreement. 

4.                   Representations and Warranties of the Company.

Buyer represents and warrants to Seller as follows:

4.1  Power and Authority; Binding Nature of Agreement.  The Company has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Company have been duly authorized by all necessary action on its part.  Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of Company.

5.                   Indemnification.

5.1  Indemnification by Parscale Media and Seller. Parscale agrees to indemnify, defend and hold harmless the Company and its affiliates against any and all claims, demands, losses, costs, expenses, obligations, liabilities and damages, including interest, penalties and reasonable attorney’s fees and costs incurred by the Company or any of its affiliates arising, resulting from, or relating to any and all liabilities of relating to the Promissory Note or any breach of, or failure by the Parscale to perform, any of its representations, warranties, covenants or agreements in this Agreement.

6.                   Further Assurances.

Following the execution of this Agreement, Parscale and the Company shall furnish to the other such instruments and other documents as may reasonably request for the purpose of carrying out or evidencing the transactions contemplated hereby.

7.                   Fees and Expenses.

Each party hereto shall pay all fees, costs and expenses that it incurs in connection with the negotiation and preparation of this Agreement and in carrying out the transactions contemplated hereby (including, without limitation, all fees and expenses of its counsel and accountant).

8.                   Waivers.

If any party at any time waives any rights hereunder resulting from any breach by the other party of any of the provisions of this Agreement, such waiver is not to be construed as a continuing waiver of other breaches of the same or other provisions of this Agreement. Resort to any remedies referred to herein will not be construed as a waiver of any other rights and remedies to which such party is entitled under this Agreement or otherwise.

9.                   Successors and Assigns.

Each covenant and representation of this Agreement will inure to the benefit of and be binding upon each of the Parties, their personal representatives, assigns and other successors in interest.

10.               Entire and Sole Agreement.

Except as modified by this Agreement, all other terms of the Purchase Agreement shall remain in full force and effect, unaltered and unchanged by this Agreement. Except as set forth in this Agreement, the terms of the Outstanding Invoices shall remain in full force and effect.

11.               Governing Law.

This Agreement will be governed by the laws of New York without giving effect to applicable conflict of law provisions.  With respect to any litigation arising out of or relating to this Agreement, each party agrees that it will be filed in and heard by the state or federal courts with jurisdiction to hear such suits located in the State of New York, County of New York.

12.               Counterparts.

This Agreement may be executed simultaneously in any number of counterparts, each of which counterparts will be deemed to be an original, and such counterparts will constitute but one and the same instrument.

13.               Assignment.

This Agreement may not be assignable by any party without prior written consent of the other Parties.

14.               Remedies.

Except as otherwise expressly provided herein, none of the remedies set forth in this Agreement are intended to be exclusive, and each party will have all other remedies now or hereafter existing at law, in equity, by statute or otherwise.  The election of any one or more remedies will not constitute a waiver of the right to pursue other available remedies.

15.               Section Headings.

The section headings in this Agreement are included for convenience only, are not a part of this Agreement and will not be used in construing it.

16.               Severability.

In the event that any provision or any part of this Agreement is held to be illegal, invalid or unenforceable, such illegality, invalidity or unenforceability will not affect the validity or enforceability of any other provision or part of this Agreement.

17.               Notices.

Each notice or other communication hereunder must be in writing and will be deemed to have been duly given on the earlier of (i) the date on which such notice or other communication is actually received by the intended recipient thereof, or (ii) the date five (5) days after the date such notice or other communication is mailed by registered or certified mail (postage prepaid) to the intended recipient at the following address (or at such other address as the intended recipient will have specified in a written notice given to the other Parties hereto):

If to Parscale or Parscale Strategy:

Attn: Bradley J. Parscale

Telephone: 210 ###-###-####

  ***@***

Facsimile:  

With a copy to:

Jeremy R. Sloan

Chunn Price Harris & Sloan

1000 Central Parkway N, suite 100,

San Antonio, TX 78232

Telephone (210) 343.5000

Facsimile (210) 525.0960

email:  ***@***

If to Buyer:

CloudCommerce, Inc.

321 6^th Street,

San Antonio, Texas 78215

Attention: Andrew Van Noy, CEO

Telephone: 805 ###-###-####

Facsimile: 805 ###-###-####

With a copy to:

Sichenzia Ross Ference LLP

1185 Avenue of the Americas

New York, New York 10036

Attention: Gregory Sichenzia

Telephone: 212 ###-###-####

Facsimile: 212 ###-###-####

***@***

[Signatures on following page.]

IN WITNESS WHEREOF, this Agreement has been entered into as of the date first above written.

Parscale Strategy, LLC

By: /s/ Bradley Parscale

______________________

Bradley Parscale

Sole Member

SCHEDULE 1

OUTSTADNING INVOICES (As of 11-20-18) OF WHICH $663,380 WILL BE PAID IN FULL