Filed by Automated Filing Services Inc. (604) 609-0244 - Pro-Tech Holdings Ltd. - Exhibit 10.1





  ACQUISITION AGREEMENT 

  THIS AGREEMENT is dated for reference this 2nd
  day of February 2004. 


BETWEEN: 



  
      POWER GROW SYSTEMS LTD. (“PGS”), a company
      incorporated pursuant to the laws of British Columbia, JASON BLEULER
      (“Bleuler”) and NICK BRUSATORE, (“Brusatore”)
      being the two equal principals of PGS, jointly referred to as the
      (“Vendors”) and all doing business at premises located at 108-1533
      Broadway Street, Port Coquitlam, British Columbia, V3C 6P3; 

     OF THE FIRST PART

  




AND:



  
     PRO-TECH HOLDINGS LTD. ("Pro-Tech”), a company
      incorporated pursuant to the laws of Nevada and having an office located
      at Box 18, 323-595 Howe Street, Vancouver, British Columbia, V6C 2T5; 

     OF THE SECOND PART

  




WHEREAS:


	A.

        	PGS is engaged in the business of researching,
        developing, manufacturing, marketing and distributing a variety of sophisticated
        hydroponics plant growing systems meant to provide a controlled and reliable
        growing environments.

         

	B.

        	Pro-Tech desires to purchase all the
        issued and outstanding shares of common stock in the capital of PGS (the
        “Shares”) on the terms and conditions hereinafter set forth;



  NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration
  of the premises and mutual agreements and covenants herein contained, the parties
  hereby covenant and agree as follows: 

 1.  PGS’S REPRESENTATIONS  

 Bleuler, Brusatore and PGS hereby jointly and severally make
  the following representations and warranties to Pro-Tech, each of which is true
  and correct on the date hereof and will be true and correct on the Closing Date,
  each of which shall be unaffected by any investigation made by Pro-Tech and
  shall survive the Closing Date:

	 	(a) 	The authorized capital of PGS consists of 10,000
        Class “A” common voting shares, 10,000 Class “B” non
        voting shares, all without par value and 100,000 class “C” Redeemable
        Preferred Shares with a par of $1.00 each. Two Class “A” voting
        common shares (the “Shares”) are issued as fully paid and non-assessable.
        Bleuler and Brusatore are each the registered holder and beneficial owner
        of one of the Shares. There are no outstanding or authorized options,
        dividends, warrants, agreements, subscriptions, calls, demand or rights
        of any character relating to the capital stock of PGS, whether or not
        issued, including, without limitation, securities convertible into or
        evidencing the right to purchase any securities of PGS; 

          










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	 	(b)
   	PGS is a corporation duly incorporated,
        validly existing and in good standing under the laws of British Columbia
        and has all requisite corporate power and authority to own its property
        and operate its business as and where it is now being conducted;

         

	 	(c)
   	PGS is duly licensed or qualified and
        in good standing in the province of British Columbia, which is the sole
        jurisdiction in which the nature of PGS’s assets or the business
        conducted by PGS makes qualification necessary;

         

	 	(d)
   	PGS has no subsidiaries and owns no
        interest in any corporation, partnership, proprietorship or any other
        business entity;

         

	 	(e)
   	PGS has good and marketable title to
        all of its assets free and clear of all mortgages, liens, pledges, charges,
        claims, leases, restrictions or encumbrances of any nature whatsoever,
        and subject to no restrictions with respect to transferability. All of
        PGS’ assets are in its possession and control;

         

	 	(f)
   	PGS has not given a power of attorney,
        which is currently in effect, to any person, firm or corporation for any
        purpose whatsoever;

         

	 	(g)
   	PGS has not entered into any other agreement
        or granted any option to sell or otherwise transfer any of its assets;

         

	 	(h)
   	To the knowledge of PGS, each contract,
        lease, license, commitment and agreement to which it is a party is in
        full force and effect and constitutes a legal, valid and binding obligation
        of all of the parties thereto. PGS is not in default and has not received
        or given any notice of default, and to PGS’ knowledge, no other party
        thereto is in default, under any such contract, lease, license, commitment
        or other agreement or under any other obligation relating to PGS’
        assets or its business;

         

	 	(i)
   	There are no outstanding orders, judgments,
        injunctions, awards or decrees of any court, arbitrator or governmental
        or regulatory body involving PGS. No suit, action or legal, administrative,
        arbitration or other proceeding or reasonable basis therefor, or, to the
        best of PGS’ knowledge, no investigation by any governmental agency
        pertaining to PGS or its assets is pending or has been threatened against
        PGS which could adversely affect the financial condition or prospects
        of PGS or the conduct of the business thereof or any of PGS’ assets
        or materially adversely affect the ability of the shareholders of PGS
        to consummate the transactions contemplated by this Agreement;

         

	 	(j)
   	To its knowledge, PGS has not infringed
        any patent or patent application, copyright or copyright application,
        trademark or trademark application or trade name or other proprietary
        or intellectual property right of any other person or received any notice
        of a claim of such infringement;

         











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	 	(k)
   	PGS has the right to use all data and
        information necessary to permit the conduct of its business from and after
        the Closing Date, as such business is and has been normally conducted;

         

	 	(l)
   	The Articles of PGS permit it to carry
        on its present business and to enter into this Agreement;

         

	 	(m)
   	The performance of this Agreement will
        not be in violation of the Articles of PGS or any agreement to which PGS
        is a party and will not give any person any right to terminate or cancel
        any agreement or any right enjoyed by PGS and will not result in the creation
        or imposition of any lien, encumbrance or restriction of any nature whatsoever
        in favour of a third party upon or against the assets of PGS;

         

	 	(n)
   	PGS holds all permits, licences, registrations
        and authorizations necessary for it to conduct its business;

         

	 	(o)
   	PGS is not in violation of any federal,
        state, municipal or other law, regulation or order of any government or
        regulatory authority;

         

	 	(p)
   	PGS has filed with the appropriate government
        agencies all tax or information returns and tax reports required to be
        filed, and such filings are substantially true, complete and correct;

         

	 	(q)
   	All federal, state, municipal, foreign,
        sales, property or excise or other taxes whether or not yet due have been
        fully paid or adequately provided for;

         

	 	(r)
   	The corporate records and minute books
        of PGS contain complete and accurate minutes of all meetings of the directors
        and shareholders of PGS held since incorporation;

         

	 	(s)
   	All material transactions of PGS have
        been promptly and properly recorded or filed in or with its respective
        books and records; and

         

	 	(t)
   	PGS has complied with all laws, rules,
        regulations and orders applicable to it relating to employment, including
        those relating to wages, hours, collective bargaining, occupational health
        and safety, employment standards and workers' compensation.




2.  	PRO-TECH'S REPRESENTATIONS 


 Pro-Tech hereby makes the following representations and warranties
  to Bleuler, Brusatore and PGS, each of which is true and correct on the date
  hereof and will be true and correct on the Closing Date, each of which shall
  be unaffected by any investigation made by Bleuler, Brusatore or PGS and shall
  survive the Closing Date:







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	 	(a) 	The authorized capital of Pro-tech consists of 70,000,000
      shares of common stock and 5,000,000 shares of preferred stock with par
      value of $0.001 each, of which 5,100,000 shares of common stock are issued
      as fully paid and non-assessable. An additional 1,000,000 shares of common
      stock will be issued by way of an Offering Memorandum to raise US $ 50,000
      for Pro-Tech financial requirements. There are no outstanding or authorized
      options, dividends, warrants, agreements, subscriptions, calls, demand or
      rights of any character relating to the capital stock of Pro-Tech, whether
      or not issued, including, without limitation, securities convertible into
      or evidencing the right to purchase any securities of Pro-Tech. However,
      it is contemplated that Pro-Tech will issue additional shares of common
      stock in order to raise financing necessary for working capital and to fund
      the acquisition PGS; 
	 	 	 
	 	(b)
   	Pro-Tech is a corporation duly incorporated,
        validly existing and in good standing under the laws of the State of Nevada
        and has all requisite corporate power and authority to own its property
        and operate its business as and where it is now being conducted;

         

	 	(c)
   	Pro-Tech is in good standing with respect
        to its filings with the Nevada Secretary of State;

         

	 	(d)
   	Pro-Tech has no subsidiaries and owns
        no interest in any corporation, partnership, proprietorship or any other
        business entity;

         

	 	(e)
   	Pro-Tech currently has no assets or
        liabilities other than cash received for share subscriptions;

         

	 	(f)
   	Pro-Tech has not entered into any other
        agreement or granted any option to sell or otherwise transfer any of its
        assets or its securities;

         

	 	(g)
   	Pro-Tech is not a party to any contracts,
        leases, licenses, commitments and other agreements relating to its assets
        or its business;

         

	 	(h)
   	There are no outstanding orders, judgments,
        injunctions, awards or decrees of any court, arbitrator or governmental
        or regulatory body involving Pro-Tech. No suit, action or legal, administrative,
        arbitration or other proceeding or reasonable basis therefore, or, to
        the best of Pro-Tech’s knowledge, no investigation by any governmental
        agency, pertaining to Pro-Tech or its assets is pending or has been threatened
        against Pro-Tech which could adversely affect the financial condition
        or prospects of Pro-Tech or the conduct of the business thereof or any
        of Pro-Tech’s assets or materially adversely affect the ability of
        Pro-Tech to consummate the transactions contemplated by this Agreement;

         

	 	(i)	The Articles and Bylaws of Pro-Tech
        permit it to carry on its present business and to enter into this Agreement;

          

	 	(j) 	The performance of this Agreement will
        not be in violation of the Articles or Bylaws of Pro-Tech or any agreement
        to which Pro-Tech is a party;

          









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	 	(k) 	Pro-Tech is not in violation of any federal, state, municipal
      or other law, regulation or order of any government or regulatory authority;
      
   
	 	(l)
   	Pro-Tech has filed with the appropriate government agencies
      all tax or information returns and tax reports required to be filed, and
      such filings are substantially true, complete and correct;
  
	 	(m)
   	No federal, state, municipal, foreign, sales, property or
      excise or other taxes are payable by Pro-Tech;
  
	 	(n)
   	The corporate records and minute books of Pro-Tech contain
      complete and accurate minutes of all meetings of the directors and shareholders
      of Pro-Tech held since incorporation; and
  
	 	(o)	All material transactions of Pro-Tech have been promptly
      and properly recorded or filed in or with its respective books and records.



3.  	SALE OF SHARES 



 	 	On the Closing Date, upon the terms and conditions herein set forth, Pro-Tech agrees to purchase a 100% undivided right, title and interest in and to the Shares in consideration of Pro-Tech issuing to Bleuler 1,500,000 and to Brausatore
1,500,000 restricted shares of common stock in the capital of Pro-Tech (the “Vend-In Stock”). In further consideration and if required by PGS, Pro-Tech shall commit to lend, without any fixed terms of repayment, the sum of US$6,000 to PGS,
which PGS shall use primarily to cover the costs associated with its obligations relating to the closing of this agreement.



4.  	CLOSING 



 	 	The sale and purchase of the Shares shall be closed at the office of Pro-Tech as follows:


	 	a.

        	at 10:00 A.M. (Vancouver time) on February 29th, 2004 (the
      closing date) or

	 	b.

        	on such other date or at such other place upon confirmation
      by Pro-Tech of completion of an Offering Memorandum to raise US $ 50,000
      or

	 	c.	on as such other date and such other place as may be agreed
      upon by the parties



5.  	ACTIONS BY THE PARTIES PENDING CLOSING 


 From and after the date hereof and until the Closing Date, PGS and Pro-Tech
  covenant and agree that:







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	 	(a)	 PGS and Pro-Tech, and their authorized representatives,
      shall have full access during normal business hours to all documents of
      PGS and Pro-Tech and each party shall furnish to the other party or its
      authorized representatives all information with respect to the affairs and
      business of PGS and Pro-Tech as the parties may reasonably request; 
	 	 	 
	 	(b)
   	PGS and Pro-Tech shall conduct their business diligently
      and substantially in the manner previously conducted and PGS and Pro-Tech
      shall not make or institute any unusual or novel methods of purchase, sale,
      management, accounting or operation, except with the prior written consent
      of the other party. Neither PGS nor Pro-Tech shall enter into any contract
      or commitment to purchase or sell any assets or engage in any transaction
      not in the usual and ordinary course of business without the prior written
      consent of the other party;

	 	(c)
   	Without the prior written consent of the other party, neither
      PGS nor Pro-Tech shall increase or decrease the compensation provided to
      its employees, officers, directors or agents;

	 	(d)
   	Neither PGS nor Pro-Tech will amend its Articles of Incorporation
      or Bylaws, or make any changes in its respective authorized or issued capital
      without the prior written approval of the other party;

	 	(e)
   	Neither PGS nor Pro-Tech shall act or omit to do any act,
      or permit any act or omission to act, which will cause a breach of any contract,
      commitment or obligation; and

	 	(f)	Neither PGS nor Pro-Tech will declare or pay any dividend
      or make any distribution, directly or indirectly, in respect of their respective
      capital stock, nor will they directly or indirectly redeem, purchase, sell
      or otherwise acquire or dispose of shares in their respective capital stock.



6.  	CONDITIONS PRECEDENT TO PRO-TECH’S OBLIGATIONS



 	 	Each and every obligation of Pro-Tech to be performed on the Closing Date shall be subject to the satisfaction by the Closing Date of the following conditions, unless waived in writing by Pro-Tech:


	 	(a)
   	The representations and warranties made by PGS in this Agreement
      shall be true and correct on and as of the Closing Date with the same effect
      as though such representations and warranties had been made or given by
      the Closing Date;

	 	(b)	PGS shall have performed and complied with all of their obligations
      under this Agreement which are to be performed or complied with by them
      by the Closing Date;
	 	 	 
	 	(c)	PGS shall have provided Pro-Tech with the opportunity to
      review all of PGS’s relevant financial records and Pro-Tech shall be
      satisfied with such review as Pro-Tech may determine in its sole opinion;
    










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	 	(d)
   	PGS shall have obtained the necessary consent
      of its shareholders to effect the transactions contemplated herein;

	 	(e)
   	PGS shall deliver to Pro-Tech:

	 	 	(i)	a certified true copy of resolutions of PGS’s Board
      of Directors authorizing the transfer of the Shares from Bleuler and Brusatore
      to Pro-Tech, the registration of the Shares in the name of the Pro-Tech
      and the issuance of a share certificate representing the Shares in the name
      of Pro-Tech;
	 	 	 	 
	 	 	(ii)	two share certificates representing the Shares issued in
      the name of Bleuler and Brusatore accompanied by duly executed Irrevocable
      Powers of Attorney to transfer the Shares to Pro-Tech; and
	 	 	 	 
	 	 	(iii)	A share certificate or certificates registered in the name
      of Pro-Tech, signed by the President of PGS, representing the Shares.



7.  	CONDITIONS PRECEDENT TO PGS’S OBLIGATIONS 



 	 	Each and every obligation of Bleuler, Brusatore and PGS to be performed on the Closing Date shall be subject to the satisfaction by the Closing Date of the following conditions, unless waived in writing by the PGS:


	 	(a)	The representations and warranties made by Pro-Tech
      in this Agreement shall be true and correct on and as of the Closing Date
      with the same effect as though such representations and warranties had been
      made or given by the Closing Date;
	 	 	 
	 	(b)	Pro-Tech shall have performed and complied with
      all of its obligations under this Agreement which are to be performed or
      complied with by the Closing Date;
	 	 	 
	 	(c)	Pro-Tech shall deliver to PGS:
	 	 	 	 
	 	 	(i)	a certified true copy of resolutions of Pro-Tech’s Board
      of Directors authorizing the issuance of the Vend-In Shares to Bleuler and
      Brusatore and appointing Bleuler to Pro-Tech’s Board of Directors;
	 	 	 	 
	 	 	(ii)	share certificates representing the Pro-Tech Shares issued
      in the names of Bleuler and Brusatore in equal amounts in accordance with
      paragraph 3 herein, representing the Shares; and
	 	 	 	 
	 	 	(iii)
 	documentation evidencing Pro-Tech’s obligation to PGS
      in accordance with paragraph 3 herein in a form satisfactory to PGS.












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8.  	FURTHER ASSURANCES 



 	 	The parties hereto covenant and agree to do such further acts and execute and deliver all such further deeds and documents as shall be reasonably required in order to fully perform and carry out the terms and intent of this Agreement.



9.  	ENTIRE AGREEMENT



 	 	This Agreement constitutes the entire agreement to date between the parties hereto and supersedes every previous agreement, communication, expectation, negotiation, representation or understanding, whether oral or written, express or implied,
statutory or otherwise, between the parties with respect to the subject of this Agreement.



10. 	 	NOTICE



10.1  	Any notice required to be given under this Agreement shall be deemed to be well and sufficiently given if delivered by hand to either party at their respective addresses first noted above.



10.2  	Either party may time to time by notice in writing change its address for the purpose of this section.



11. 	 	TIME OF ESSENCE



 	 	Time shall be of the essence of this Agreement.



12. 	 	TITLES 



 	 	The titles to the respective sections hereof shall not be deemed a part of this Agreement but shall be regarded as having been used for convenience only.



13. 	 	SCHEDULES 



 	 	The schedules attached to this Agreement are incorporated into this Agreement by reference and are deemed to be part hereof.



14. 	 	SEVERABILITY



 	 	If any one or more of the provisions contained herein should be invalid, illegal or unenforceable in any respect in any jurisdictions, the validity, legality and enforceability of such provisions shall not in any way be affected or impaired
thereby in any other jurisdiction and the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.










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15. 	 	APPLICABLE LAW 



 	 	The situs of the Agreement is Vancouver, British Columbia, and for all purposes this Agreement will be governed exclusively by and construed and enforced in accordance with laws prevailing in the Province of British Columbia.  The parties hereto
agree to attorney to the jurisdiction of the Courts of the Province of British Columbia.



16. 	 	ENUREMENT 



 	 	This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.



 	 	IN WITNESS WHEREOF this Agreement has been executed as of the day and year first above written.


	POWER GROW SYSTEMS LTD.	PRO-TECH HOLDINGS LTD.
	 	 
	Per:	Per:
	 	 
	 	 
	”Jason Bleuler”	”Robert Hoegler”
	Authorized Signatory	Authorized Signatory
	 	 
	 	 
	 	 
	”Jason Bleuler”	 
	JASON BLEULER	 
	 	 
	 	 
	 	 
	”Nick Brusatore”	 
	NICK BRUSATORE