EXHIBIT 10.1

                       BUSINESS ASSETS TRANSFER AGREEMENT


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                       Business Assets Transfer Agreement


     This  Agreement is entered into as of April 28th,  2004 by and between Carl
Urich, a Sole Proprietorship located at 7293 S. Sherman St., Littleton, CO 80122
("Seller"),  and Global  Envirotech,  Inc., a Colorado  Corporation,  located at
Wheatridge, Colorado ("Buyer").

         Recitals

     1. The  Seller  is in the  business  of  manufacturing  and  marketing  the
Turbomaster Fuel Saving device (the "Product"),  from offices  presently located
at 7293 S. Sherman St., Littleton,  CO 80122)  (collectively  referred to as the
"Business").

     2. The sole owner of Seller is Carl Urich of Littleton Colorado 80122.

     3. The Seller  desires to transfer to the Buyer the Business,  its Products
and certain of the properties and assets owned by the Seller and related to such
Business, and the Buyer desires to acquire the Business,  Products,  properties,
and assets,  given the terms and conditions  described in this Agreement,  as of
the close of the business day of May 1st, 2004. ("Closing Date").

     4. The Buyer and the Seller desire to describe in this  Agreement the terms
and  conditions of the sale and purchase of the  Business,  its  properties  and
assets.

                                    Agreement

1. PURCHASE OF ASSETS AND ASSUMPTION OF LIABILITIES

     1.1 ASSETS

1.1.1 Subject to the terms,  conditions,  representations and warranties made in
this  Agreement,  on the Closing  Date,  the Seller will validly  sell,  assign,
transfer,  grant,  bargain,  deliver and convey to the Buyer, and the Buyer will
validly purchase from the Seller the entire right,  title and interest in and to
the  Business,  as  a  going  concern,  and  all  assets  (except  as  otherwise
specifically provided in this Agreement) used by the Seller in or arising out of
such Business,  including, without limiting the generality of the foregoing, all
of the following assets (the "Assets"):  One Million (1,000,000) shares of stock
and assumption of all liabilities.

1.1.2 Product, Inventory and supplies listed in Exhibit A.

1.1.3 Trade Accounts  Receivable  listed in Exhibit B (except those described in
Section 1.2).

1.1.4 Office furniture,  office  equipment,  manufacturing  equipment,  computer
equipment and other machinery and equipment listed in Exhibit C.

1.1.5 All of the right,  title and interest in and to all fixtures and leasehold
improvements of the Seller.

1.1.6 Prepaid expenses, deferred charges, claims for refunds, and deposits.
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1.1.7 Telephone numbers, service marks, the trade name and all other trade names
and  trademarks  (including the goodwill  represented  by that),  trade secrets,
Business  records  and  files,  lists  of  Customers  and  Vendors,  promotional
materials,  copyrighted materials and all other intangible items,  including the
goodwill of Business as a going concern.

1.1.8 All rights under the  contracts,  leases,  licenses,  insurance  policies,
fidelity and contract bonds, and other Agreements  relating to the Business,  as
listed in Exhibit D (accurate and complete  copies of which have previously been
delivered to the Buyer).

1.1.9  All  documents,   files,  Agreements,   instruments,   records,  notices,
certificates,  affidavits,  statements,  and all other papers and information of
any kind  relating to the Business or the Assets,  including  but not limited to
such items stored in computer memories, on microfiche,  electronically or by any
other  means,  used,  made or  compiled  by or on behalf  of the  Seller or made
available  to the Seller (all of which shall be  delivered  by the Seller to the
main  premises of the Business (if not already  present  there) on or before the
Closing Date).

1.1.10  All other  property  and assets of every  kind and  description  whether
personal,  real, mixed, tangible or intangible,  wherever located and whether or
not reflected on its balance sheet.

     1.2 ASSETS EXCLUDED

1.2.1 The following  assets are not being sold by the Seller or purchased by the
Buyer and are specifically excluded from the meaning of the term "Assets":

1.2.2 Cash and cash equivalent  items,  including Lender accounts,  money market
accounts,  certificates of deposit and Lender deposits,  on hand at the close of
business on the Closing Date.

1.2.3 Accounts receivable to the extent arising from any trade-out  transactions
other than those listed on Exhibit E; and

     1.3 LIABILITIES

1.3.1 Subject to the terms and conditions of this Agreement,  the Buyer will, as
of the Closing Date,  assume from the Seller and agrees to discharge  only those
liabilities  and  obligations  that both accrue and arise after the Closing Date
with respect to: (1) the paid sales  orders / Agreements  for Products as listed
on Exhibit A to be delivered by the Seller to the Buyer at the Closing,  and (2)
the sales  Agreements  for sales of the  Products  as listed on  Exhibit A to be
delivered  by the  Seller  to the  Buyer  at the  Closing,  and  all  commission
obligations  to the  sales  personnel  of the  Seller  arising  from  the  sales
Agreements to the extent  attributable  to Products sold after the Closing,  and
(3) accrued  vacation  rights as listed in Exhibit F to be delivered at Closing,
and (4) the  Agreements  listed on  Exhibit D, a true and  correct  copy of each
Agreement has been provided to the Buyer by the Seller (for the purposes of this
Agreement). An obligation under such Agreements is considered to have arisen and
accrued after the Closing Date if performance or sale closed on May 1st, 2004.

2.       INFRINGEMENT

2.1 Each  party  will  notify  the other of any  infringements  of rights in the
Products, Trade Names, Trademarks that come to either party's attention.



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2.2 In the event of any  infringement of any rights granted to the Buyer in this
Agreement,  the Buyer  will have the first  option to bring any  action for such
infringement  on behalf of itself and the Seller,  and the Seller will cooperate
fully with the Buyer in such  action;  and in such event the Buyer will bear the
expenses of the action, may recover its expenses,  and receive the proceeds from
any sums recovered in the action.

2.3 If the Buyer  declines in writing to bring any such  action,  the Seller may
proceed  and  will pay for all  expenses  of the  action,  and may  recover  its
expenses from any sums recovered in the action.

3.       NON-DISCLOSURE AGREEMENT

3.1 While  performing this  Agreement,  the Buyer and the Seller may disclose to
each other  information  concerning  their respective  inventions,  confidential
know-how  and trade  secrets as may be necessary to further the purposes of this
Agreement.  All  such  inventions,   confidential  know-how  and  trade  secrets
disclosed shall remain the sole property of the party  disclosing  them, and the
receiving  party shall have no interest in or rights with respect to them except
as expressly defined in this Agreement. Among other things, the Sellers customer
lists and marketing strategy and any confidential  information  disclosed to the
Buyer  according to the  inspection of items listed in Section 1 are regarded as
confidential  information  by the Seller  and, if  disclosed  or revealed to the
Buyer, shall be subject to this Non-Disclosure Agreement.

3.2 The  Buyer and the  Seller  each  agree to  maintain  all such  confidential
information  in  confidence  to the same extent that it protects its own similar
proprietary  information,  that in no event will be less than the  safeguards  a
reasonably prudent business would exercise in similar circumstances, and further
agree to take all reasonable precautions to prevent any unauthorized  disclosure
of such information.  The restriction on disclosure shall survive termination of
this  Agreement  for a period of 2 years  but does not apply to any  information
that (1) becomes generally known or publicly available through no act or failure
to act on the part of the  receiving  party;  (2) is  furnished to others by the
disclosing  party without  restriction on  disclosure;  or (3) is rightfully and
lawfully  furnished to the receiving party by a third party without  restriction
on disclosure.

4.       DEFAULT; TERMINATION

4.1 In the event of a Material  Breach by the Buyer of a material  provision  of
this  Agreement,  not cured within sixty (60) days after  written  notice of the
breach is delivered to the Buyer by the Seller,  then the Seller may,  effective
sixty (60) days after such  notice to the Buyer,  terminate  this  Agreement  by
delivering written notice of termination to the Buyer. The rights granted to the
Buyer under this Agreement will revert to the Seller as provided in Section 4.3.
A good faith dispute  regarding the determination or calculation of payments due
the  Seller  under  this  Agreement  will not be  considered  a  breach  of this
Agreement  provided that the Buyer  deposits the disputed  amount in an interest
bearing  escrow  account  with a  commercial  bank and offers to  arbitrate  the
dispute in accordance with the Rules of the American Arbitration  Association in
[x] (County,  State).  In addition to or in lieu of its rights to terminate this
Agreement  upon a  Material  Breach by the  Buyer,  the  Seller has the right to
pursue any remedies the Seller may have at law or in equity.

4.2 In the event of a Material  Breach by the Seller of a material  provision of
this  Agreement,  which breach is not cured within sixty (60) days after written
notice of such breach is  delivered  to the Seller by the Buyer,  then the Buyer
may,  effective sixty (60) days after such notice to the Seller,  terminate this
Agreement.  In addition to or in lieu of its rights to terminate  this Agreement
upon a Material  Breach by the  Seller,  the Buyer will have the right to pursue
any  remedies at law or equity,  and the Buyer may pay into an interest  bearing
escrow  account with a  commercial  bank any payments due the Seller as security
for payment of any damages,  arising  from any Material  Breach by the Seller of
any provision of this Agreement.  Upon  resolution of the claim,  the amounts in
escrow,  including  accrued  interest,  will be  distributed to the Seller after
deduction  of the  amounts,  if any,  required  to be paid to the Buyer.  In any
event, the Buyer may terminate this Agreement immediately if the Seller breaches
obligations defined in Sections 1, 2, 3 or 4, and any amounts,  payments or fees
resulting from the Sellers  breach,  whether  directly or  indirectly,  shall be
deemed  the  property  of the Buyer who  maintains  the  rights to all legal and
equitable remedies.
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5.       ATTORNEY FEES

5.1 In the event of any litigation or other legal proceeding between the parties
arising from this Agreement,  the prevailing party shall be entitled to recover,
in addition to any other relief  awarded or granted,  its  reasonable  costs and
expenses (including attorney fees) incurred in the proceeding.

6.       GENERAL

6.1 All notices,  demands or consents required or permitted under this Agreement
shall be in writing and shall be  delivered  personally  or sent by certified or
registered mail to the respective  parties at the addresses defined on the first
page of this  Agreement,  or at such  other  address as shall be given by either
party to the other in writing.

6.2 No waiver,  amendment or  modification  of any  provisions of this Agreement
shall be effective  unless in writing and signed by the party  against whom such
waiver,  amendment or modification is sought to be enforced. No failure or delay
by either party in exercising any right,  power or remedy under this  Agreement,
except as specifically provided in this Agreement,  shall operate as a waiver of
any such right, power or remedy.

6.3  This  Agreement  shall be  binding  upon and  defer to the  benefit  of the
successors and permitted assigns of the Buyer or the Seller. Except as described
below,  the Buyer or the Seller may not assign any of its rights or delegate any
of its  obligations  under this Agreement to any third party without the express
written  permission  of the  other.  The Seller  understands  that the Buyer may
assign this  Agreement to a partnership  or successor  corporation  and approves
such transfer in advance.

6.4 The  validity,  construction  and  performance  of this  Agreement  shall be
governed  by the  internal  laws of the  State of  Colorado,  without  regard to
provisions regarding conflicts of law.

6.5 the Buyer and the Seller  understand and acknowledge that violation of their
respective  covenants and  Agreements may cause the other  irreparable  harm and
damage,  that may not be  recovered  at law,  and each  agrees  that the  others
remedies for breach may be in equity by way of injunctive relief, as well as for
damages and any other relief available to the  non-breaching  party,  whether in
law or in equity.

6.6 Captions and section  headings used in this  Agreement  are for  convenience
only and are not a part of this  Agreement  and shall not be used in  construing
it.

6.7 If any  provisions  of this  Agreement  are  held by a  court  of  competent
jurisdiction to be invalid under any applicable statute or rule of law, they are
to that  extent  to be  deemed  omitted  and the  remaining  provisions  of this
Agreement shall remain in full force and effect.

6.8 This  Agreement,  including the attached  Exhibits,  constitutes  the entire
Agreement  between the Buyer and the Seller  concerning  this  transaction,  and
replaces  all  previous  communications,  representations,  understandings,  and
Agreements,  whether  verbal or written  between the Buyer and the Seller or any
official or representative of either of them.

6.9 Any dispute relating to the  interpretation or performance of this Agreement
shall be resolved at the request of either party  through  binding  arbitration.
Arbitration  shall be conducted in Arapahoe  County,  Colrado in accordance with
the then-existing rules of the American Arbitration  Association.  Judgment upon
any award by the arbitrators may be entered by any State or Federal Court having
jurisdiction.  The Buyer and the Seller intend that this  Agreement to arbitrate
and be irrevocable.
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7.0  THE SELLER WILL PROVIDE.


In witness whereof,  the Buyer and the Seller have executed this Agreement as of
the day and year first written above.

Buyer                                       Seller
-----------------------------               -----------------------------
By                                          By
-----------------------------               -----------------------------
Name                                        Name
-----------------------------               -----------------------------
Title                                       Title


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                                    Exhibit A


Product, Inventory and Supplies


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                                    Exhibit B


Accounts Receivable


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                                    Exhibit C


Certain Assets of the Business

     Description: Office furniture, office and manufacturers equipment, computer
equipment, other machines and equipment

     Serial number / Fixed Asset Account number


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                                    Exhibit D


Current Agreements

     Sales Orders / Agreements

     Contracts,  Leases,  Licenses,  Insurance  Policies,  Fidelity and Contract
Bonds, and other Agreements


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                                    Exhibit E


     Accounts Receivable Trade-Out Transactions


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                                    Exhibit F


     Accrued Vacation Time