Exhibit
10.01


 


STOCK
PURCHASE AGREEMENT


 


THIS
STOCK PURCHASE AGREEMENT (this “Agreement”), effective as of January 5, 2021 (the “Effective Date”)
by and among (A) Ivo Heiden, an individual with an address of 2275 Huntington Drive, Suite 851, San Marino, CA 91108 (“Heiden”),
(B) WWYD, Inc., a Florida corporation, with an address at 1360 China Gulch Road, Jacksonville, OR 97530 (“WWYD”
and collectively with Heiden, the “Sellers”), (C) Clark Orient (BVI) Limited, with an address at Room 2906,
29/F, China Online Centre, 333 Lockhart Road, Wanchai, Hong Kong (“Buyer”), and (D) Ecomat Inc. (“ECMT”),
a Nevada corporation, with an address at 2275 Huntington Drive, Suite 851, San Marino, CA 91108 (the “Company”).


 


WHEREAS,
Heiden owns 13,230,000 as of the date of Closing and WWYD owns 6,975,000 restricted shares of common stock, par value $0.0001,
of the Company;


 


WHEREAS,
Buyer is willing to acquire 20,205,000 shares of common stock of the Company (the “Shares”) (which represent
approximately 85% of the issued and outstanding shares of common stock of the Company) from Sellers for a purchase price of Three
Hundred and Twenty Thousand U.S. Dollars ($320,000.00) (the “Purchase Price”) on the terms and conditions set
forth below;


 


WHEREAS,
Sellers, Buyer and Lawrence Lonergan Esq. (the “Escrow Agent”) entered into an escrow agreement dated as December
10, 2020, as amended (the “Escrow Agreement”); and


 


WHEREAS,
Sellers and Buyer have determined, subject to the terms and conditions set forth in this Agreement, that the transaction contemplated
hereby is desirable and in their respective best interests.


 


NOW,
THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth
and the mutual benefits to the parties to be derived here from, it is hereby agreed as follows:


 


ARTICLE
I SALE AND PURCHASE OF THE SHARES


 


Section
1.1 Sale and Purchase. Subject to the terms and conditions hereof, at the Closing (as defined in Section 1.2 below), Sellers
agree to sell, assign, transfer, convey and deliver to Buyer, and Buyer agrees to purchase from Sellers, the Shares.


 


Section
1.2 Closing. The purchase of the Shares shall be consummated at a closing (“Closing”) to take place remotely
on or before 5 p.m. Eastern Time January 6, 2021 or any other date as agreed upon by the parties hereto (the “Closing
Date”).


 


Section
1.3 Payment of the Purchase Price. Upon the execution of the Escrow Agreement, Buyer wired a FIFTY THOUSAND Dollars ($50,000)
deposit to the Escrow Agent. On December 14, 2020, the Escrow Agent confirmed receipt of the $50,000 deposit. Unless the Escrow
Agreement has been earlier terminated according to its terms, Buyer shall deliver the balance of the Purchase Price, in the amount
of TWO HUNDRED SEVENTY THOUSAND Dollars ($270,000.00) to the Escrow Agent on or before January 6, 2021. The full amount of the
Purchase Price shall be released to Sellers by the Escrow Agent at the Closing.


 


Section
1.4 Delivery of Shares and Documents.


 


Unless
waived in writing by Buyer, upon the Closing, the Sellers and the Company shall deliver to Buyer:


 


1.4.1
Certificates for the Shares, along with a duly executed stock power medallion guarantees for each such certificate (collectively
“Sales Documents”), and the Company’s books and records listed in Exhibit A unless otherwise
agreed to in writing by the parties;


 




    	 



    	 



    

 


1.4.2
Executed Pay-off Letter from Heiden regarding full repayment of and cancellation and release of any and all liabilities of the
Company under (i) the loan agreement dated September 1, 2017 between the Company and Heiden; (ii) the $75,000 Convertible Promissory
Note dated October 12, 2018, issued to Heiden by the Company and (iii) the $90,000 Convertible Promissory Note dated May 1, 2020,
issued to Heiden by the Company;


 


1.4.3
Executed waiver letter from WWYD which provides for waiver and termination of any registration rights it (or its assignee or transferee)
may have related to the Company’s common shares prior to the Closing date;


 


1.4.4
Signed resignation letters of all existing officers and directors of the Company;


 


1.4.5
Executed Board consents appointing designees of the Purchaser as directors and officers of the Company;


 


1.4.6
All Edgar codes of the Company necessary to make filings with the Securities and Exchange Commission;


 


1.4.7
Contact information of service providers of the Company necessary to comply with SEC rules and regulations and to maintain the
quotation on over-the-counter bulletin board listed in Exhibit B, and confirmation from each of such service providers
that there is no outstanding balance owed by the Company as of the Closing Date;


 


1.4.8
Written confirmation from the Company’s stock transfer agent that it has received all documentation necessary to effectuate
the transfer of stock certificates representing the Shares to the Purchaser, including the issuance of stock certificates representing
the Shares to the Purchaser or its designee.


 


Section
1.5 Other Closing Deliveries. Sellers shall deliver other customary closing documents as may be reasonably requested by Buyer.


 


ARTICLE
II REPRESENTATIONS, COVENANTS AND WARRANTIES OF THE COMPANY


 


The
Company hereby represents and warrants to Buyer that each of the following representations, warranties and covenants are true,
correct, and complete as of the date hereof and as of the Closing Date. All references in this Agreement to “Knowledge of
the Company” shall mean the actual knowledge, after reasonable investigation, of the Company.


 


Section
2.1 Corporate Existence and Power. The Company is a corporation duly organized, validly existing and in good standing under
the laws of the jurisdiction of its incorporation. The Company has the requisite corporate power and authority to carry on its
business as presently conducted and as currently proposed to be conducted, to own and operate its properties and assets, to execute
and deliver this Agreement, and to carry out the provisions of this Agreement. The Company is duly qualified to do business and
is in good standing as a foreign company in all jurisdictions in which the nature of its activities and of its properties makes
such qualification necessary, except for those jurisdictions in which failure to do so would not have a Material Adverse Effect
on the Company or its business. “Material Adverse Effect” means, any change, effect or circumstance which, individually
or in the aggregate, would reasonably be expected to: (a) have a material adverse effect on the business, assets, financial condition,
prospects or results of operations of the Company, as the case may be, in each case taken as a whole; (b) materially impair the
ability of the Company, as the case may be, to perform its obligations under this Agreement; or (c) that would prohibit or otherwise
materially interfere with the ability of any party to this Agreement to perform any of its obligations under this Agreement in
any material respect.


 




    	 



    	 



    

 


Section
2.2 Subsidiaries. The Company does not own or control any equity security or other interest of any other corporation, partnership,
limited liability company or other business entity. The Company is not a participant in any joint venture, partnership, limited
liability company or similar arrangement.


 


Section
2.3 Organizational Documents. True, correct and complete copies of the Organizational Documents of the Company have been delivered
to Buyer, and no action has been taken to amend or repeal such Organizational Documents since the date of delivery. The Company
is not in violation or breach of any of the provisions of its Organizational Documents. “Organizational Documents”
means, the Company’s certificate of incorporation and bylaws.


 


Section
2.4 Capitalization. The Company’s authorized capital stock consists of 75,000,000 shares, consisting of 74,000,000 shares
of common stock, par value $0.0001 per share, and 1,000,000 shares of preferred stock, par value $0.0001 per share. As of the
date hereof and immediately prior to Closing, 23,811,750 shares of common stock are issued and outstanding, including the Shares.
There are no shares of preferred stock issued and outstanding and no other classes or series of capital stock authorized or issued.
All issued and outstanding shares immediately prior to the Closing are duly authorized, validly issued, fully paid and non-assessable,
free of liens, encumbrances, options, restrictions and legal or equitable rights of others not a party to this Agreement. There
are no outstanding dividends, whether current or accumulated, due or payable on any of the capital stock of the Company.


 


Section
2.5 Agreements. There are no agreements, understandings, instruments, contracts or proposed transactions, or judgments, orders,
writs or decrees, to which the Company is a party or by which it is bound. The Company is not a guarantor or indemnitor of any
indebtedness of any other person, party or entity. The Company has not declared or paid any dividends, or authorized or made any
distribution upon or with respect to any class or series of its equity securities. Except with respect to (i) the loan agreement
dated September 1, 2017 between the Company and Heiden; (ii) the $75,000 Convertible Promissory Note dated October 12, 2018, issued
to Heiden by the Company and (iii) the $90,000 Convertible Promissory Note dated May 1, 2020, issued to Heiden by the Company,
all of which shall be paid off and/or cancelled at Closing there are no outstanding options, warrants, purchase agreements, participation
agreements, subscription rights, conversion rights, exchange rights or other securities or contracts that could require the Company
to issue, sell or otherwise cause to become outstanding any of its authorized but unissued shares of capital stock or any securities
convertible into, exchangeable for or carrying a right or option to purchase shares of capital stock or to create, authorize,
issue, sell or otherwise cause to become outstanding any new class of capital stock. There are no outstanding contractual obligations
(contingent or otherwise) of the Company to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital
stock of, or other ownership interests in the Company or to provide funds to or make any investment (in the form of a loan, capital
contribution or otherwise) in any other person.


 


Section
2.6 Authorization; No Contravention. The execution, delivery and performance by the Company of this Agreement and the transactions
contemplated hereby (a) have been duly authorized by all necessary action of the Company, (b) do not violate, conflict with or
result in any breach or default of (or with due notice or lapse of time or both would result in any breach, default or contravention
of), or the creation of any lien under, any contractual obligation of the Company or any requirement of law applicable to the
Company, and (c) do not violate any judgment, injunction, writ, award, decree or order (collectively, “Orders”)
of any governmental authority against, or binding upon, the Company. There are no actions, subpoenas, suits, proceedings, claims,
complaints, disputes, arbitrations or investigations (collectively, “Claims”) pending, initiated, or, to the
knowledge of the Company, threatened, at law, in equity, in arbitration or before any governmental authority against the Company.


 




    	 



    	 



    

 


Section
2.7 Binding Effect. This Agreement has been duly executed and delivered by the Company and constitutes the legal, valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms.


 


Section
2.8 Disclosure. The Company understand and confirm that Buyer is relying on the representations, warranties and covenants
contained in this Agreement and the disclosures set forth in the reports, forms and other documents filed with the SEC by the
Company (collectively, the “SEC Reports”) in entering into this Agreement. All disclosures contained in the
SEC Reports or otherwise provided to Buyer regarding the Company, its businesses and the transactions contemplated hereby, furnished
by or on behalf of Sellers or the Company are complete, true and correct and do not contain any untrue statement of a material
fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances
under which they were made, not misleading.


 


Section
2.9 SEC Reports; Financial Statements. The Company has filed all required reports under Section 13 or 15(d) of the Exchange
Act (“SEC Reports”) for the three (3) years preceding the date hereof. As of their respective dates, the SEC
Reports and any registration statements filed under the Securities Act (the “Registration Statements”) complied
in all material respects with the requirements of the Exchange Act and the Securities Act, as applicable, and the rules and regulations
of the SEC promulgated thereunder, and none of the SEC Reports or Registration Statements, when filed, contained any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading. The financial statements of the Company included
in the Registration Statement and the SEC Reports comply in all material respects with applicable accounting requirements and
the rules and regulations of the SEC with respect thereto as in effect at the time of filing, were prepared in accordance with
GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto, or, in the case
of unaudited statements as permitted by Form 10-Q of the SEC), and fairly present in all material respects (subject in the case
of unaudited statements, to normal, recurring audit adjustments) the financial position of the Company as at the dates thereof
and the results of its operations and cash flows for the periods then ended. The disclosure set forth in the SEC Reports and Registration
Statements regarding the Company’s business is current and complete and accurately reflects operations of the Company, as
it exists as of the date hereof.


 


Section
2.10 Filings with Government Agencies. The Company files annual and quarterly reports with the SEC and is current in all filings
that might be required and is current in their filings and reporting to the State of Nevada and any other states where it is currently
qualified to do business. Upon the purchase of the Shares by Buyer, the Company will supply Buyer with all information that is
currently available for the Company.


 




    	 



    	 



    

 


Section
2.11 Tax Matters. Sellers shall be responsible for and pay all taxes associated with the transactions contemplated by this
Agreement including any taxes and any penalties associated with late payment of any taxes that were due or required to have been
paid or withheld during the pre-closing tax period for any amount over $15,000.00 USD related to late filing of tax returns. Sellers
and the Company are not parties to any tax allocations or sharing agreements. The Shares are not subject to any lien arising in
connection with any failure or alleged failure to pay tax. There are no pending, threatened, or proposed audits, assessments or
claims from any tax authority for deficiencies, penalties, or interest with respect to Sellers that would affect the Shares. The
Sellers represent that the Company has had no business operations and has not generated any net income from operations since and
after emerging from the Chapter 7 proceeding and, as a result, has not made or filed federal and state income tax returns. The
Company is not under examination by any jurisdiction for any tax year. 


 


To
the Company’s and Sellers’ knowledge, no claim has been made by an authority in a jurisdiction where the Company does
not file tax returns that it is or may be subject to taxation by that jurisdiction. There are no actual, pending or, to the Company’s
or Sellers’ knowledge, threatened liens, encumbrances, or charges against any of the assets of the Company arising in connection
with any failure (or alleged failure) to pay any tax incurred. To the Company’s and Sellers’ knowledge, there is no
dispute or claim concerning any tax liability of the Company either claimed or raised by any authority in writing, orally or by
any other means of communication. The Company has not waived any statute of limitations in respect of taxes or agreed to any extension
of time with respect to a tax assessment or deficiency.


 


Buyer
shall be responsible for the preparation and filing of all tax returns that Company is required to file for any pre-closing tax
period, and shall also be responsible for any fees related to late filing up to $15,000.00 USD this amount does not include any
tax liability on income or other that is not directly related to the filing of tax returns. Seller will cooperate with Buyer and
not withhold reasonable cooperation if required for the preparation and/or filing of all tax returns that Company is required
to file for any pre-closing tax period. Sellers shall have the right to review the pre-closing tax returns prior to filing with
applicable governmental tax authorities.


 


Buyer
shall be entitled to the amount of any refund of taxes or any benefit of any net operating loss carryforwards (including any related
interest received from the applicable governmental authority) of the Company with respect to a pre-closing tax period that is
received (in cash or as an offset to taxes that would be payable in cash) by Sellers or their affiliates (including any Company
cntity) after the Closing,


 


Sellers
shall not cause or permit (unless requested in writing by Buyer) any (i) amendment of any Company return for any pre-closing tax
period, (ii) carryback of any tax attributes from any post-closing tax period of the Company to any pre-closing tax period, (iii)
self-assessment of additional tax for any pre-closing tax period, or (iv) to pursue any tax amnesty, voluntary disclosure agreement
or similar agreement or arrangement regarding any pre-closing tax period of Company.


 


Section
2.12 Financial Statements. The Company’s financial statements fairly present the assets of the Company and liabilities
of the Company incurred, in each case.


 


Section
2.13 Employees. The Company has no employees, independent contractors or other persons providing services to them. The Company
is not liable for the payment of any compensation, damages, taxes, fines, penalties or other amounts, however designated, for
failure to comply with any of the laws.


 


Section
2.14 Compliance with Laws. The business and operations of the Company have been and are being conducted materially in accordance
with all applicable laws. The Company has not received notice of any violation (or any proceeding involving an allegation of any
violation) of any applicable law and, no proceeding involving an allegation of violation of any applicable law is threatened or
contemplated. The Company has complied with all federal and state securities laws in connection with the offer, sale and distribution
of its securities.


 




    	 



    	 



    

 


Section
2.15 Bank Accounts and Safe Deposit Boxes. The Company does not have any bank or other deposit or financial account, nor does
the Company have any lock boxes or safety deposit boxes.


 


Section
2.16 Intellectual Property. The Company does not own, use or license any intellectual property in its business as presently
conducted.


 


Section
2.17 Authorization; Third Party Consents. No consent, approval, authorization, order, registration or qualification (each,
an “Authorization”) of or with any governmental authority or any other person is required for the execution, delivery
or performance (including, without limitation, the sale of the Shares) by, or enforcement against, the Company of this Agreement
or the consummation by the Company of the transactions contemplated by this Agreement, except (i) such Authorizations as have
already been obtained or (ii) as otherwise provided in this Agreement.


 


Section
2.18 Absence of Litigation. There are no lawsuits, actions or administrative, arbitration or other proceedings or governmental
investigations ongoing, pending or threatened against or relating to the Company, or the Company’s properties or business.
The Company has not entered into or been subject to any consent decree, compliance order, or administrative order with respect
to any property owned, operated, leased, or used by the Company. The Company has not received any request for information, notice,
demand letter, administrative inquiry, or formal or informal complaint or claim with respect to any property owned, operated,
leased, or used by the Company or any facilities or operations thereon.


 


Section
2.19. DTC Eligibility. The Company’s common stock are eligible to be through the Depository Trust Company (DTC).


 


ARTICLE
III REPRESENTATIONS, COVENANTS AND WARRANTIES OF SELLERS.


 


Sellers
hereby jointly and severally represents and warrants to Buyer that each of the following are true, correct, and complete as of
the date hereof and as of the Closing Date. All references in this Agreement to “knowledge of Seller(s)” shall mean
the actual knowledge, after reasonable investigation, of Sellers.


 


Section
3.1 Authorization; No Contravention. The execution, delivery and performance by Sellers of this Agreement and the transactions
contemplated hereby (a) have been duly authorized by all necessary action of Sellers, (b) do not violate, conflict with or result
in any breach or default of (or with due notice or lapse of time or both would result in any breach, default or contravention
of), or the creation of any lien under, any contractual obligation of the Sellers or any requirement of law applicable to the
Sellers, and (c) do not violate any Orders of any governmental authority against, or binding upon, Sellers. There are no Claims
pending, initiated, or, to the knowledge of Sellers, threatened, at law, in equity, in arbitration or before any governmental
authority against the Company.


 


Section
3.2 Ownership of Shares. Each of Sellers is the legal owner, and has good and marketable title (beneficially and of record)
to the portion of the Shares he owns. All of the Shares, when sold to Buyer pursuant to this Agreement, will be: (i) duly authorized,
validly issued, and outstanding; (ii) fully paid, non-assessable, and free of preemptive rights; and (iii) free and clear of any
and all pledges, claims, restrictions, charges, liens, security interests, encumbrances, or other interests of third parties of
any nature whatsoever. Immediately prior to the Closing Date: (i) Except with respect (x) the loan agreement dated September 1,
2017 between the Company and Heiden; (y) the $75,000 Convertible Promissory Note dated October 12, 2018, issued to Heiden by the
Company and (z) the $90,000 Convertible Promissory Note dated May 1, 2020, issued to Heiden by the Company, which shall all be
paid off and/or cancelled at Closing, there are no outstanding options, warrants, rights, commitments, or agreements of any kind
for the issuance or sale of, or outstanding securities convertible into, any additional shares of capital stock of any class of
the Company; (ii) there are no voting trusts, voting agreements, proxies, or other agreements, instruments, or undertakings with
respect to the voting of any Company securities to which the Company or any of its shareholders is a party; and (iii) there are
no restrictions on transfer of any Company securities except for restrictions imposed by applicable laws. There are no contracts,
commitments, understandings or arrangement by which the Company is bound to issue additional registered capital, share capital
or other securities.


 




    	 



    	 



    

 


Section
3.3 Binding Effect. This Agreement has been duly executed and delivered by Sellers and constitutes the legal, valid and binding
obligation of Sellers, enforceable against Sellers and the Company in accordance with its terms.


 


Section
3.4 Disclosure. Sellers understand and confirm that Buyer is relying on the representations, warranties and covenants contained
in this Agreement and the disclosures set forth in the reports, forms and other documents filed with the SEC by the Company (collectively,
the “SEC Reports”) in entering into this Agreement. All disclosures contained in the SEC Reports or otherwise
provided to Buyer regarding the Company, its businesses and the transactions contemplated hereby, furnished by or on behalf of
Sellers or the Company are complete, true and correct and do not contain any untrue statement of a material fact or omit to state
any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were
made, not misleading.


 


Section
3.5 Brokers and Finders. Any finder’s fee, or any other type of fee related to the sale contemplated by this Agreement,
will be paid by Sellers. No person has, or as a result of the transactions contemplated herein will have, any right or valid claim
against the Company for any commission, fee or other compensation as a finder or broker, or in any similar capacity, on and after
the Closing, the Company will indemnify and hold Buyer harmless against any liability or expense arising out of, or in connection
with, any such claim.


 


Section
3.6 Due Diligence Materials Provided. Sellers have provided Buyer true and accurate copies of all corporate books and records
relating to the Company in Sellers’ possession or control. Sellers do not have any knowledge of any liability or obligation
of the Company other than is reflected in said books and records.


 


Section
3.7 Absence of Undisclosed Liability. The Company emerged from bankruptcy proceedings pursuant to the United States Bankruptcy
Court, dated June 14, 2006, order free and clear of all liens, claims, encumbrances, and as a result the Company emerged from
bankruptcy without any liabilities, obligations or claims of any kind whatsoever.


 


As
of the Closing Date, Sellers and the Company had no liabilities which arose, either accrued or contingent, of a nature required
to be reflected in the financial statements in accordance with generally accepted accounting principles, and whether due or to
become due, which individually or in the aggregate are reasonably likely to have an adverse effect on the Company. The Company
has fully paid all debtors, vendors and service providers for all obligations that have become due and payable as of the Closing
Date.


 






    	 



    	 



    

  


ARTICLE
IV REPRESENTATIONS, COVENANTS AND WARRANTIES OF BUYER


 


Buyer
hereby represents and warrants to Sellers that each of the following are true, correct, and complete as of the date hereof and
the Closing.


 


Section
4.1 No Conflict, Authority. The execution of this Agreement and the consummation of the transactions contemplated by this
Agreement will not result in the material breach of any term or provision of, or constitute an event of default under, any material
debt instrument, which may include an indenture, mortgage, deed of trust or other contract, agreement or instrument to which Buyer
is a party. Buyer has full power, authority and legal right and has taken all action required by law or otherwise to authorize
the execution and delivery of this Agreement.


 


Section
4.2 Restricted Shares. Buyer acknowledges that the Shares purchased have not been registered under the Securities Act of 1933,
as amended (“Securities Act”) or any state securities laws, will be issued in reliance upon an exemption from
the registration and prospectus delivery requirements of the Securities Act which relate to private offerings, will be issued
in reliance upon exemptions from the registration and prospectus delivery requirements of state securities laws which relate to
private offerings and Buyer must therefore bear the economic risk of such investment indefinitely unless a subsequent disposition
thereof is registered under the Act and applicable state securities laws or is exempt therefrom. Buyer acknowledges that the shares
shall bear restrictive legends.


 


Section
4.3 Buyer’s Sophistication. Buyer (i) acknowledges that the purchase of Shares involves a high degree of risk in that
the Company has no current business operations or plans and may require substantial funds; (ii) an investment in the Company is
highly speculative and only investors who can afford the loss of their entire investment should consider investing in the Company
and the Shares; (iii) has such knowledge and experience in finance, securities, investments, including investment in non-listed
and non -registered securities, and other business matters so as to be able to protect its interests in connection with this transaction;
(iv) that the sale of the Shares to Buyer is not registered with the SEC or with the securities administrator of any state; (v)
that the Shares are being sold pursuant to an exemption from such registration requirements; and (vi) the Shares are “restricted
securities” that will bear a restrictive legend prohibiting their further transfer without registration or any exemption
therefrom.


 


Section
4.4 Brokers and Finders. Buyer has made no agreements involving any fees of any type that relate to this Agreement and that
would involve Sellers, including but not limited to broker’s fee, finder’s fees or any similar compensation arrangement.


 


ARTICLE
V POST-CLOSING COVENANTS


 


Sellers
hereby jointly and severally covenant to Buyer as follows:


 


Section
5.1 Post-Closing SEC Reports. Upon the Closing, Sellers shall cause the Company to timely file a Current Report on Form 8-K
disclosing the entry by Sellers of this Agreement. From and after the Closing Date until the filing of Quarterly Report on Form
10-Q or Annual Report on Form 10-K with the SEC (“Periodic Report”), Sellers shall timely collect and deliver
necessary information of the Company’s business or operation prior to and as of the Closing Date for the purpose of preparing
the Periodic Report and shall use its best efforts to cooperate with the Company and the Company’s auditor in connection
with the auditor’s review of the Periodic Report. From and after the Closing Date, in the event the SEC notifies the Company
of its intent to review any SEC Report filed prior to the Closing Date or the Company receives any oral or written comments from
the SEC with respect to any SEC Report filed prior to the Closing Date or any disclosure regarding the Company’s business
or operations, as in existence through the date hereof in any SEC Report or registration statement filed after the Closing Date,
Buyer shall promptly notify Sellers and Sellers shall make commercially reasonable efforts to cooperate with Buyer in connection
with such review and response.


 


Section
5.2 Assistance with Post-Closing SEC Reports and Inquiries. Upon the request of Buyer, after the Closing Date, Sellers shall
use their best efforts to provide such information available to them, including information, filings, reports, financial statements
or other circumstances of the Company occurring, reported or filed prior to the Closing, as may be necessary or required by the
Company for the preparation of the post-Closing Date reports that the Company is required to file with the SEC to remain in compliance
and current with its reporting requirements under the Exchange Act, or filings required to address and resolve matters as may
relate to the period prior to the Closing and any SEC comments relating thereto or any SEC inquiry thereof.


 




    	 



    	 



    

 


ARTICLE
VI REMEDIES


 


Section
6.1 Indemnification is Exclusive Remedy. This Agreement will be governed by the internal laws of the State of New York without
regard to conflicts of laws principles. Any controversy or claim arising out of, or relating to, this Agreement, or the making,
performance, or interpretation thereof, shall be adjudicated by the state or federal courts located in New York, New York and
may only be brought by a party if it is permitted pursuant to and is brought in accordance with the provisions of this Article
VI. No party may bring any claim for breach, loss or damage arising out of, or relating to, this Agreement, or the making,
performance, or interpretation thereof, unless the party bringing such claim is entitled to indemnification for such breach, loss
or damage pursuant to Article VI of this Agreement.


 


Section
6.2 Indemnification.


 


(a)
Indemnification by Sellers. From and after the Closing, Sellers, jointly and severally, agree to indemnify Buyer and each
of its affiliates and each of its managers, directors, officers, employees, agents and advisors (including financial advisors,
attorneys and accountants) against all actual losses, damages and expenses (collectively, “Losses”) actually
incurred by Buyer, caused by (i) any breach of any representation or warranty made by Sellers in Article III of this Agreement
or made by the Company in Article II of this Agreement or in any document or certificate delivered by Sellers pursuant
to this Agreement; and (ii) any breach of any covenant or obligation of Sellers in this Agreement or any documents required to
be performed by Sellers on, prior or after the Closing Date. The representations, covenants and warranties of the Sellers shall
survive the Closing for a period of twenty-four thirty-six (24) months.


 


(b)
Indemnification by Buyer. From and after the Closing, Buyer agrees to indemnify the Company and Sellers against all actual
Losses actually incurred by Sellers, caused by (i) any breach of any representation or warranty made by Buyer in Article IV
of this Agreement; and (ii) any breach of any covenant or obligation of Buyer pursuant to this Agreement or any documents
required to be performed by Buyer after the Closing Date.


 


Section
6.3 Certain Limitations. The party making a claim under this Article VI is referred to as the “Indemnified
Party,” and the party against whom such claims are asserted under this Article VI is referred to as the “Indemnifying
Party.” The indemnification provided for in Section 6.2 shall be subject to the following limitations:


 


(a)
Payments by an Indemnifying Party pursuant to Section 6.2 (a) or 6.2 (b) in respect of any Loss shall be limited
to the amount of any liability or damage that remains after deducting therefrom any insurance proceeds and any indemnity, contribution
or other similar payment received or reasonably expected to be received by the Indemnified Party (or the Company) in respect of
any such claim. The Indemnified Party shall use its commercially reasonable efforts to recover under insurance policies or indemnity,
contribution or other similar agreements for any Losses prior to seeking indemnification under this Agreement.


 


(b)
Payments by an Indemnifying Party pursuant to Section 6.2 (a) or 6.2 (b) in respect of any Loss shall be reduced
by an amount equal to any tax benefit realized or reasonably expected to be realized as a result of such Loss by the Indemnified
Party.


 




    	 



    	 



    

 


(c)
In no event shall any Indemnifying Party be liable to any Indemnified Party for any punitive, incidental, consequential, special
or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity relating to the breach
or alleged breach of this Agreement, or diminution of value or any damages based on any type of multiple.


 


(d)
Each Indemnified Party shall take, and cause its affiliates to take, all reasonable steps to mitigate any Loss upon becoming aware
of any event or circumstance that would be reasonably expected to, or does, give rise thereto, including incurring costs only
to the minimum extent necessary to remedy the breach that gives rise to such Loss.


 


Section
6.4 Indemnification Procedures.


 


(a)
Except to the extent set forth in this Section 6.4, a party will not have any liability under the indemnity provisions
of this Agreement with respect to a particular matter unless a written notice (a “Claim Notice”) setting forth
in reasonable detail: (i) the breach or other matter giving rise to such indemnification claim which is asserted, (ii) the estimated
amount, if reasonably practicable, of the Losses that have been incurred by the Indemnified Party in connection therewith, and
(iii) copies of any notices, claims or complaints sent or filed by the claimant, has been given to the Indemnifying Party promptly,
but in any event within thirty (30) days, after the Indemnified Party becomes aware of such claim (including the assertion or
commencement of any third-party claim). Notwithstanding the preceding sentence, failure of the Indemnified Party to give timely
notice hereunder shall not release the Indemnifying Party from its obligations under this Section 6.4, except to the extent
the Indemnifying Party is actually prejudiced by such failure to give notice.


 


(b)
Upon receipt of notice of any claim, suit, action or legal proceeding by a third party for which indemnification might be claimed
by an Indemnified Party (a “Third-Party Claim”), the Indemnifying Party shall be entitled to defend, contest
or otherwise protect against the Third-Party Claim at its own cost and expense, by providing written notice to the Indemnified
Party of such election within thirty (30) days after the Indemnified Party receives a Claim Notice with respect to such Third-Party
Claim, and the Indemnified Party must cooperate in any such defense or other action; provided, that the Indemnifying Party may
not control the defense of any Third-Party Claim that is criminal in nature or that seeks non-monetary equitable relief that would
reasonably be expected to be material to the Indemnified Party if adversely determined. The Indemnified Party shall have the right,
but not the obligation, to participate at its own expense in defense thereof by counsel of its own choosing, but the Indemnifying
Party shall be entitled to control the defense unless the Indemnifying Party does not elect to assume defense of the Third-Party
Claim, is not entitled under this Section 6.4 to control the defense of the Third-Party Claim or fails to competently conduct
the defense of such Third-Party Claim. If the Indemnifying Party undertakes the defense of a Third-Party Claim, the Indemnified
Party shall not, so long as the Indemnifying Party competently conducts the defense thereof, be entitled to recover from the Indemnifying
Party any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof, except
(i) where separate representation is necessary, in the reasonable opinion of counsel to the Indemnified Party, to avoid a conflict
of interest that cannot be waived such that representation of both parties by the same counsel would violate processional standards
of conduct for attorneys in the jurisdiction where the Indemnifying Party’s counsel is practicing on behalf of the Indemnifying
Party, or (ii) reasonable costs of investigation undertaken by the Indemnified Party with the prior written consent of the Indemnifying
Party. If the Indemnifying Party assumes the defense of a Third-Party Claim, no compromise or settlement of the Third-Party Claim
may be effected by the Indemnifying Party without the Indemnified Party’s consent (which consent shall not be unreasonably
withheld, conditioned or delayed). In the event the Indemnifying Party does not elect to assume control of the Third-Party Claim
or otherwise is not entitled to control such Third-Party Claim in accordance with this Section 6.4, the Indemnified Party
shall have the right, but not the obligation, thereafter to defend, contest or otherwise protect against the same and make any
compromise or settlement thereof and recover the entire cost thereof from the Indemnifying Party including, without limitation,
reasonable attorneys’ fees, disbursements and all amounts paid as a result of such Third-Party Claim or the compromise or
settlement thereof. Notwithstanding the foregoing, the Indemnified Party may not compromise or settle any Third-Party Claim without
the prior written consent of the Indemnifying Party (such consent not to be unreasonably withheld, delayed or conditioned).


 




    	 



    	 



    

 


Section
6.5 Tax Treatment of Indemnification Payments. All indemnification payments made under this Agreement shall be treated by
the parties as an adjustment to the Purchase Price for tax purposes, unless otherwise required by law.


 


ARTICLE
VII TERMINATION


 


Section
7.1 Termination. This Agreement may be terminated at any time prior to the Closing:


 


(a)
by the mutual written consent of Sellers and Buyer;


 


(b)
by Buyer by written notice to Sellers if:


 


(i)
Buyer is not then in material breach of any provision of this Agreement and there has been a material breach, inaccuracy in or
failure to perform any representation, warranty, covenant or agreement made by Sellers pursuant to this Agreement that would give
rise to the failure of any of the conditions specified in Article I and such breach, inaccuracy or failure cannot be cured by
Sellers by January 6, 2021 (the “Drop Dead Date”); or


 


(ii)
any of the conditions set forth in Article I shall not have been fulfilled by the Drop Dead Date, unless such failure shall
be due to the failure of Buyer to perform or comply with any of the covenants, agreements or conditions hereof to be performed
or complied with by it prior to the Closing;


 


(c)
by Sellers by written notice to Buyer if:


 


(i)
Sellers are not then in material breach of any provision of this Agreement and there has been a material breach, inaccuracy in
or failure to perform any representation, warranty, covenant or agreement made by Buyer pursuant to this Agreement that would
give rise to the failure of any of the conditions specified in Article I and such breach, inaccuracy or failure cannot be cured
by Buyer by the Drop Dead Date; or


 


(ii)
any of the conditions set forth in Article I shall not have been fulfilled by the Drop Dead Date, unless such failure shall be
due to the failure of Sellers to perform or comply with any of the covenants, agreements or conditions hereof to be performed
or complied with by it prior to the Closing; or


 


(d)
by Buyer or Sellers in the event that:


 


(i)
there shall be any law that makes consummation of the transactions contemplated by this Agreement illegal or otherwise prohibited;
or


 


(ii)
any Governmental Authority shall have issued a governmental order restraining or enjoining the transactions contemplated by this
Agreement, and such governmental order shall have become final and non-appealable.


 






    	 



    	 



    

  


Section
7.2 Effect of Termination. In the event of the termination of this Agreement in accordance with this Article, this Agreement
shall forthwith become void and there shall be no liability on the part of any party hereto except:


 


(a)
as set forth in this Article VII and Article VIII hereof; and


 


(b)
that nothing herein shall relieve any party hereto from liability for any intentional breach of any provision hereof.


 


ARTICLE
VIII MISCELLANEOUS


 


Section
8.1 Notification of OTC Markets Group, Inc. and Nevada Secretary of State. Upon Closing, Sellers shall notify the state of
Nevada, OTC Markets Group, Inc. and the markets generally of the change in control of the Company by taking the following actions:
(a) Update the Company’s information on the OTC Markets Group, Inc.’s website via the section established for this
purpose. The updated information shall consist of the new address and registered agent for the Company, and the new director(s)
and officers of the Company as provided by Buyer. (b) Notify the Nevada Secretary of State by filing an amended annual list of
officers and directors, and a change in address and registered agent for the Company. (c) Sellers shall confirm notifications
to Buyer in writing and shall provide copies of the notices and filings provided to OTC Markets Group, Inc. and the Nevada Secretary
of State. (d) Buyer shall cooperate fully with Sellers in connection with the foregoing notifications including, as and if requested
by Buyer, providing direct confirmations of the change in control to any governmental entity, FINRA, and OTC Markets Group, Inc.


 


Section
8.2 Confidentiality. Each party hereto agrees with the other party that, unless and until the transactions contemplated by
this Agreement have been consummated, they and their representatives will hold in strict confidence all data and information obtained
with respect to another party or any subsidiary thereof from any representative, officer, director or employee, or from any books
or records or from personal inspection, of such other party, and shall not use such data or information or disclose the same to
others, except: (i) to the extent such data is a matter of public knowledge or is required by law to be published; and (ii) to
the extent that such data or information must be used or disclosed in order to consummate the transactions contemplated by this
Agreement.


 


Section
8.3 Third Party Beneficiaries. This contract is among Sellers, Buyer and the Company. Except for the shareholders of the Company,
no other person or entity shall be deemed to be a third-party beneficiary of this Agreement.


 


Section
8.4 Amendment or Waiver. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether
conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance
of any obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter
occurring or existing. At any time prior to the Closing Date, this Agreement may be amended by a writing signed by all parties
hereto, with respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time
for performance hereof may be extended by a writing signed by the party or parties for whose benefit the provision is intended.


 


Section
8.5 Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior
agreements and discussions between Buyer and Sellers. No waiver of any of the provisions of this Agreement will be deemed to constitute
a waiver of any other provisions hereof. This Agreement may be executed by the parties hereto in separate counterparts, each of
which will be deemed to be one and the same instrument.


 


Section
8.6 Headings; Context. The headings of the sections and paragraphs contained in this Agreement are for convenience of reference
only and do not form a part hereof and in no way modify, interpret or construe the meaning of this Agreement.


 


Section
8.7 Waiver of Jury Trial. ALL PARTIES HEREBY WAIVE THEIR RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY DISPUTE ARISING UNDER
THIS AGREEMENT OR ANY DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER.


 


Section
8.8 Execution Knowing and Voluntary. In executing this Agreement, the parties severally acknowledge and represent that each:
(a) has fully and carefully read and considered this Agreement; (b) has been or has had the opportunity to be fully apprised by
its attorneys of the legal effect and meaning of this document and all terms and conditions hereof; and (c) is executing this
Agreement voluntarily, free from any influence, coercion or duress of any kind.


 


[SIGNATURE
PAGE FOLLOWS]


 




    	 



    	 



    

 


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


 


	Seller	 	Buyer
	Ivo
    Heiden	 	Clark
    Orient (BVI) Limited
	 	 	 	 	 
	By:
    	/s/
    Ivo Heiden	 	By:	/s/
    Max Chen
	 	 	 	Name:	Max
    Chen
	 	 	 	Title:	Interim
    CEO


 


	Address
        of Seller for Notices:

        2275
        Huntington Drive, Suite 851

        San
        Marino, CA 91108

        Email:
        iheiden9@gmail.com

         

        With
        a copy to (which shall not constitute notice):

         

         
	 	Address
        of Buyer for Notices:

        Room
        2906, 29/F, China Online Centre,

        333
        Lockhart Road, Wanchai, Hong Kong

         

         

         

        Email

         

        With
        a copy to (which shall not constitute notice):



 


	Seller	 	Company
	WWYD,
    Inc.	 	Ecomat,
    Inc.
	 	 	 
	By:
    	/s/
    Joshua Kahn	 	By:	/s/
    Ivo Heiden
	Name:	Joshua
    Kahn	 	Name:	Ivo
    Heiden
	Title:	President	 	Title:
    	CEO


 


	Address
        of Seller for Notices:

        1360
        China Gulch Road

        Jacksonville,
        OR 97530

        Email:
        jpkahn@gmail.com

         

        With
        a copy to (which shall not constitute notice):
	 	Address
        of the Company for Notices:

        (prior
        to the Closing)

        2275
        Huntington Drive, Suite 851

        San
        Marino, CA 91108

        Email:
        iheiden9@gmail.com

        With
        a copy to (which shall not constitute notice):

	 	 	 
	 	 	(upon
        and following the Closing)

         

        Email:
____________________

        With
        a copy to (which shall not constitute notice):



 




    	 



    	 



    

 


EXHIBIT
A


 


Books
and Records


 




    	 



    	 



    

 


EXHIBIT
B


 


Contact
information of service providers


 


1.
Auditors


Staff
Auditor


M&K
CPA’s, PLLC


363
N. Sam Houston Parkway E. Suite 650


Houston,
TX 77060


Phone:
832-242-9950 (Ext. 221)


Email:
scole@mkacpas.com


 


2.
Transfer Agent


Amy
Merrill


Standard
Registrar and Transfer Company


440
East 400 South, Suite 200


Salt
Lake City, UT 84111


Phone:
801-571-8844 or 801-596-2150


Email:
amy@standardregistrar.com


 


3.
Nevada Registered Agent


Nevada
Registered Agent LLC


401
Ryland St


Suite
200A


Reno,
NV 89502


agent@nevadaresidentagent.com


Phone:
775-401-6800


 


4.
Printer 


M2
Compliance®


2029
Century Park East, Ste. 400


Los
Angeles, California 90067


T:
310.402.2681


F:
310.693.8083


filing@m2compliance.com