Exhibit 10.1
 
REPURCHASE AGREEMENT
 
This Repurchase Agreement (this “Agreement”) is made as of the 16 day of April,
2012 by and among AOTS 30, Inc., a Delaware corporation having its offices at
1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067 (the “Company”) and
the stockholder identified on Schedule I  hereto (the “Seller”).

W I T N E S S E T H:
 
 WHEREAS, the Company entered into a Share Exchange Agreement, dated as of the
date of this Agreement with U.S. Mining, Inc., a Delaware corporation (“Mining”)
and Jae Myung Cha, the sole shareholder of Mining (the “Shareholder”), a copy of
which is attached hereto as Exhibit A (the “Exchange Agreement”) pursuant to
which the Company agreed to issue to the Shareholder or any designee of the
Shareholder such number of shares of the Company’s common stock, $.0001 par
value per share (the “Common Stock”), representing 95% of the Company’s issued
and outstanding Common Stock (the “Company Shares”), following the closing of
the Share Exchange (as hereinafter defined) in exchange for $50,000 and all of
the issued and outstanding capital stock of Mining in accordance with the terms
and conditions of the Exchange Agreement (the “Share Exchange”); and
 
WHEREAS, pursuant to the terms of the Exchange Agreement, simultaneous with, and
as a condition to the closing (the “Closing”) of the transactions contemplated
by the Exchange Agreement, for an aggregate purchase price equal to $50,000 (the
“Purchase Price”), the Company agreed to repurchase from the Seller (1)
approximately 6,596,390 shares (which number of shares may be adjusted so the
Seller or a designee of the Seller retains 5% of the issued and outstanding
shares of Common Stock of the Company following the transactions contemplated by
the Share Exchange) (the “Shares”) and (2) warrants to purchase 7,096,390 shares
of Common Stock (the “Warrants”, collectively with the Shares, the “Securities”)
owned by the Seller as set forth on Schedule I  hereto; and
 
WHEREAS, the Seller acknowledges that it would benefit from the completion of
the transactions contemplated by the Exchange Agreement, and:
 
WHEREAS, upon delivery of the Purchase Price to the Seller, the Securities shall
be immediately cancelled.
 
NOW, THEREFORE, the parties hereto, hereby agree as follows:
 
  ARTICLE I
SALE AND PURCHASE OF THE SHARES

1.1.   Cancellation of the Shares and Warrants.  Subject to the terms and
conditions of this Agreement, and in reliance upon the representations,
warranties, covenants and agreements contained in this Agreement, the Seller
agrees to sell and the Company agrees to repurchase and cancel the Securities
for the Purchase Price.
 
1.2.   Closing.  At the Closing, the Seller agrees to execute any and all
documents, including but not limited to, stock powers for the stock certificates
representing the Shares, as the Company reasonably determines necessary to
effect the repurchase and cancellation of the Securities pursuant to the terms
of this Agreement and the Company agrees to deliver the Purchase Price to the
Seller.
 
 
 

--------------------------------------------------------------------------------

 
 
ARTICLE II
REPRESENTATIONS, WARRANTIES AND COVENANTS

The Seller hereby makes the following representations and warranties to, and
covenants with the Company, which shall be true and correct through the date of
the Closing as if made on that date:
 
2.1.   The Seller has the requisite power and authority to enter into this
Agreement and to consummate the transactions contemplated hereby and otherwise
to carry out Seller’s obligations hereunder. No consent, approval or agreement
of any individual or entity is required to be obtained by the Seller in
connection with the execution and performance by the Seller of this Agreement or
the execution and performance by the Seller of any agreements, instruments or
other obligations entered into in connection with this Agreement.
 
2.2.   The Seller owns the Securities free and clear of any and all liens,
claims, encumbrances, preemptive rights, right of first refusal and adverse
interests of any kind. Except as contemplated by the Exchange Agreement, the
Seller is not a party to any agreement or understanding pursuant to which the
Securities are to be transferred.
 
2.3.   The Seller acknowledges that immediately prior to or following the
repurchase and cancellation contemplated hereby, the Company may issue and sell
shares of Common Stock to certain purchasers at a per share purchase price that
may be lower or higher than the Purchase Price paid for the Shares.
 
2.4. The Seller is an accredited investor as defined in Rule 501(a) of
Regulation D under the Securities Act of 1933.

2.5.  The Seller has had a reasonable opportunity to ask questions of and
receive answers from a person or persons acting on behalf of the Company
concerning the repurchase and/or cancellation of the Securities and the
business, financial condition and results of operations of the Company and all
such questions have been answered to the full satisfaction of the Seller.

ARTICLE III
TERMINATION

3.1.   Termination by Mutual Agreement.  This Agreement may be terminated at any
time by mutual consent of the parties hereto, provided that such consent to
terminate is in writing and is signed by each of the parties hereto.
 
ARTICLE IV
MISCELLANEOUS

4.1.   Entire Agreement.  This Agreement constitutes the entire agreement of the
parties, superseding and terminating any and all prior or contemporaneous oral
and written agreements, understandings or letters of intent between or among the
parties with respect to the subject matter of this Agreement.  No part of this
Agreement may be modified or amended, nor may any right be waived, except by a
written instrument which expressly refers to this Agreement, states that it is a
modification or amendment of this Agreement and is signed by the parties to this
Agreement, or, in the case of waiver, by the party granting the waiver.  No
course of conduct or dealing or trade usage or custom and no course of
performance shall be relied on or referred to by any party to contradict,
explain or supplement any provision of this Agreement, it being acknowledged by
the parties to this Agreement that this Agreement is intended to be, and is, the
complete and exclusive statement of the agreement with respect to its subject
matter.  Any waiver shall be limited to the express terms thereof and shall not
be construed as a waiver of any other provisions or the same provisions at any
other time or under any other circumstances.
 
 
 

--------------------------------------------------------------------------------

 
 
4.2.   Severability.  If any section, term or provision of this Agreement shall
to any extent be held or determined to be invalid or unenforceable, the
remaining sections, terms and provisions shall nevertheless continue in full
force and effect.
 
4.3.   Notices.  All notices provided for in this Agreement shall be in writing
signed by the party giving such notice, and delivered personally or sent by
overnight courier, mail or messenger against receipt thereof or sent by
registered or certified mail, return receipt requested, or by facsimile
transmission or similar means of communication if receipt is confirmed or if
transmission of such notice is confirmed by mail as provided in this Section
4.3.  Notices shall be deemed to have been received on the date of personal
delivery or telecopy or attempted delivery.  Notice shall be delivered to the
parties at the following addresses:
 
If to the Company:                AOTS 30, Inc.
1900 Avenue of the Stars
Suite 310
Los Angeles, CA 90067
Fax: (310) 843-9389

With a copy to:                     Richardson & Patel, LLP
750 Third Avenue
New York, NY 10170
Attn: David N. Feldman
Fax: (917) 677-8165

If to Seller:                             to the address set forth on Schedule
I.

Either party may, by like notice, change the address, person or telecopier
number to which notice shall be sent.
 
4.4.   Governing Law.  This Agreement shall be governed and construed in
accordance with the laws of the State of Delaware applicable to agreements
executed and to be performed wholly within such State, without regard to any
principles of conflicts of law.
 
4.5.   Waiver of Jury Trial.  EACH PARTY HEREBY EXPRESSLY WAIVES ANY RIGHT TO A
TRIAL BY JURY IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING TO ENFORCE THIS
AGREEMENT OR ANY OTHER ACTION OR PROCEEDING WHICH MAY ARISE OUT OF OR IN ANY WAY
BE CONNECTED WITH THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS.
 
4.6.   Parties to Pay Own Expenses.  Each of the parties to this Agreement shall
be responsible and liable for its own expenses incurred in connection with the
preparation of this Agreement, the consummation of the transactions contemplated
by this Agreement and related expenses.
 
 
 

--------------------------------------------------------------------------------

 
 
4.7.   Successors.  This Agreement shall be binding upon the parties and their
respective heirs, executors, administrators, legal representatives, successors
and permitted assigns; provided, however, that no party may assign this
Agreement or any of its rights under this Agreement without the prior written
consent of the other parties.
 
4.8.   Further Assurances.  Each party to this Agreement agrees, without cost or
expense to any other party, to deliver or cause to be delivered such other
documents and instruments as may be reasonably requested by any other party to
this Agreement in order to carry out more fully the provisions of, and to
consummate the transaction contemplated by, this Agreement.
 
4.9.   Counterparts. This Agreement may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.
 
4.10.   No Strict Construction.  The language used in this Agreement will be
deemed to be the language chosen by the parties with the advice of counsel to
express their mutual intent, and no rules of strict construction will be applied
against any party.
 
4.11.   Headings.  The headings in the Sections of this Agreement are inserted
for convenience only and shall not constitute a part of this Agreement.
 
[Remainder of this page intentionally left blank.]

 
 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first above written.

   
AOTS 30, INC.
         
By:   /s/ Ricahard Rappaport                        
   
         Richard Rappaport, President
               
SELLERS
 
 
 
 
 
 
 
WESTPARK CAPITAL FINANCIAL SERVICES LLC
 
By:  /s/ Richard Rappaport                           
        Richard Rappaport, CEO & Chairman

 
 
 

--------------------------------------------------------------------------------

 
 
SCHEDULE I

Seller
No. of Shares
No. of Warrants
Purchase Price
 
WestPark Capital Financial Services LLC(1)
1900 Avenue of the Stars
Suite 310
Los Angeles, CA 90067
 
6,596,390(2)
7,096,390
$50,000

(1)  
As described in the Exchange Agreement, WestPark Capital Financial Services, LLC
may transfer some or all of the Shares to certain principals and employees of
WestPark Capital, Inc. in connection with an intended restructuring of the
beneficial ownership of the Company’s issued and outstanding securities prior to
the closing of the transactions contemplated by the Share Exchange.

(2)  
The number of Shares to be cancelled, in accordance with this Agreement, may be
adjusted immediately prior to the closing of the transactions contemplated by
the Share Exchange so that the Seller or a designee of the Seller retains 5% of
the total issued and outstanding shares of Common Stock of the Company following
such closing.