Document:

March 5, 2012

 

Green EnviroTech Holdings Corp.

PO Box 692

5300 Claus Road

Riverbank, CA 95367

 

Ladies and Gentlemen:

 

Reference is hereby made to the Securities Purchase Agreement, dated
February 14, 2012, among Green EnivroTech Holdings Corp. (the “Company”), Magic Bright Limited, a Hong Kong corporation
(“Magic Bright”), and the members of Magic Bright listed on Schedule 1 thereof (the “Sellers”), as amended
by Amendment No. 1 and Amendment No.2 thereto, dated March 16, 2011 and March 25, 2011, respectively (as amended, the “Purchase
Agreement”). Capitalized terms used and not defined in this letter agreement will have the meanings ascribed to them in the
Purchase Agreement.

 

The parties to the Purchase Agreement hereby acknowledge that the
Company failed to pay to the Sellers $700,000 of the aggregate $1,000,000 Cash Consideration payable by the Company under the Purchase
Agreement, including $300,000 of Cash Consideration due on June 16, 2011, $200,000 of Cash Consideration due on September 16, 2011, and
$200,000 of Cash Consideration due on December 16, 2011, and that as a result of the failure by the Company to pay such Cash Consideration,
the Company was unable to obtain requisite financial statements relating to Magic Bright for periods subsequent to April 1, 2011.
As a result of the foregoing, the parties to the Purchase Agreement desire to mutually terminate the Purchase Agreement, which
termination will be deemed to be effective April 1, 2011 (the “Termination Effective Date”), on the terms and conditions
set forth in this letter agreement. Therefore, the parties agree as follows:

 

1.        The Purchase Agreement is hereby terminated so as to be rendered
null and void and of no further force and effect, and the parties (and their assignees) are hereby relieved of all of their respective
obligations thereunder. The termination of the Purchase Agreement will be deemed to be effective as of the Termination Effective
Date. Without limiting the generality of the foregoing, (i) the Magic Bright Acquisition Shares will be deemed to have been returned
to the Company and cancelled effective as of the Termination Effective Date, and (ii) the Ordinary Shares will be deemed to have
been returned to the Sellers effective as of the Termination Effective Date.

 

2.        The Sellers may retain the $300,000 of Cash Consideration
paid by the Company.

 

3.        Employees of Magic Bright issued shares of common stock of
the Company pursuant to Section 7.2(e) of the Purchase Agreement may retain such shares and such shares will continue to be deemed
duly issued, fully paid and nonassessable.

 

4.        The Employment Agreement entered into between the Company
and Tony in connection with the Purchase Agreement is hereby terminated so as to be rendered null and void and of no further force
and effect, and the parties (and their assignees) are hereby relieved of all of their respective obligations thereunder. The termination
of the Employment Agreement will be deemed to be effective as of the Termination Effective Date.

 

5.        Tony hereby resigns as a director of the Company, effective
as of March 5, 2012.

 

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6.        Magic Bright and each Seller hereby release the Company (and
its past, present and future officers, directors, employees, servants, agents, representatives, attorneys, successors, predecessors,
divisions, subsidiaries, parents, affiliates, business units, and assigns of each of them) from any and all claims, demands, damages,
actions causes of action or suits at law or in equity of whatever kind or nature, liabilities, verdicts, debts, judgments, liens
and injuries, whether based upon the Purchase Agreement, Employment Agreement, or any other legal or equitable theory of recovery,
known or unknown, past, present or future, suspected to exist or not suspected to exist, anticipated or not anticipated, which
have arisen or are now arising or hereafter may arise, whether presently asserted or not, that Magic Bright or such Seller ever
had, now has or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or
not known or unknown, including, without limitation, in connection with or relating to the Purchase Agreement or the Employment
Agreement (including, but not limited to, the performance rendered or not rendered thereunder), from the beginning of the World
to the date of this letter agreement.

 

7.        The Company hereby releases Magic Bright and each Seller (and
their past, present and future officers, directors, employees, servants, agents, representatives, attorneys, successors, predecessors,
divisions, subsidiaries, parents, affiliates, business units, and assigns of each of them) from any and all claims, demands, damages,
actions causes of action or suits at law or in equity of whatever kind or nature, liabilities, verdicts, debts, judgments, liens
and injuries, whether based upon the Purchase Agreement, Employment Agreement, or any other legal or equitable theory of recovery,
known or unknown, past, present or future, suspected to exist or not suspected to exist, anticipated or not anticipated, which
have arisen or are now arising or hereafter may arise, whether presently asserted or not, that the Company ever had, now has or
hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or not known or unknown,
including, without limitation, in connection with or relating to the Purchase Agreement or the Employment Agreement (including,
but not limited to, the performance rendered or not rendered thereunder), from the beginning of the World to the date of this letter
agreement.

 

	 	Very truly yours,
	 	 
	 	MAGIC BRIGHT LIMITED
	 	 
	 	By: /s/ Wong Kwok Wing Tony
	 	Name: Wong Kwok Wing Tony
	 	Title: Director
	 	 
	 	SELLERS:
	 	 
	 	/s/ Wong Kwok Wing Tony
	 	Wong Kwok Wing Tony
	 	 
	 	/s/ Chan Sau Fong
	 	Chan Sau Fong

 

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	 	Acknowledged and Agreed:
	 	 
	 	GREEN ENVIROTECH HOLDINGS CORP.
	 	 
	 	By:	/s/ Gary DeLaurentiis
	 	Name: Gary DeLaurentiis
	 	Title: Chief Executive Officer

 

    	3Exhibit 10.01

                            ASSET PURCHASE AGREEMENT

THIS AGREEMENT (the "AGREEMENT") is made and entered into and effective as of
this 5th day of March, 2012, by and between R. Thomas Kidd and Joan L. Kidd,
husband and wife as tenants by the entireties, ("PURCHASER") and Domark
International, Inc. a Nevada Corporation ("SELLER").

                                   BACKGROUND

Seller is engaged in the business of marketing, developing and managing sports
events, primarily golf events, providing scoring services to golf charity and
corporate events, and owns certain hardware, software and other assets and
intellectual property in connection with its sports business, (the "SPORTS
BUSINESS"). In addition, Seller has recently entered the Solar Product Business.
The Solar Product Business is specifically excluded from this sale. Seller
wishes to sell, and Purchaser wishes to purchase all of the assets used in the
Sports Business of the Seller upon and subject to the terms and conditions set
forth in this Agreement.

                                    AGREEMENT

Now, therefore, for and in consideration of the mutual representations,
warranties, covenants, and agreements contained herein and for other good and
valuable consideration, the receipt and legal sufficiency of which is hereby
acknowledged, the parties hereto agree:

                     SECTION 1. PURCHASE AND SALE OF ASSETS

     SECTION 1.1 PURCHASE OF ASSETS. On and subject to the terms and conditions
of this Agreement, Purchaser hereby purchases and Seller hereby sells, assigns,
grants, transfers, and conveys to Purchaser or Purchaser's assign all of the
right, title, and interest of Seller in and to all of the assets of Seller used
exclusively in the Sports Business (collectively, the "PURCHASED ASSETS") free
and clear of any and all liens, claims, charges, security interests, and
encumbrances as the same exist on the Closing Date, except for those debts
assumed by Purchaser's assign at closing, as follows:

     a.   All intellectual property, trade name, trade secrets, trademarks,
          personnel contracts, web site domain and content, strategic
          partnerships, sponsors, receivables, publications, operating model,
          manuals, licenses, and all other confidential information relating to
          the Sports Business; and

     b.   All current, past and future clients.

     c.   All assets of the Seller as identified in SCHEDULE 1.1(C)

     d.   All software programs and copyrighted products, systems and processes
          used in the Sports Business

     SECTION 1.2 ASSUMPTION OF DEBT AND EXCLUDED LIABILITIES. Purchaser's
assign, shall take title to the assets listed in Schedule 1.1(c) free and clear
of all liabilities except those liabilities assumed by Purchaser's assign
pursuant to this Agreement. The assumed liabilities are contained and identified
in Schedule 1.2.1. All debt currently owed by the Seller to R. Thomas Kidd and
Joan L. Kidd in the approximate amount of $1,084,000 shall be transferred to the

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Purchaser's assign at closing. Purchaser acknowledges and agrees that Seller's
obligations to R. Thomas Kidd and Joan L. Kidd shall terminate upon execution of
this Agreement. All other liabilities of Seller are hereinafter referred to as
"EXCLUDED LIABILITIES and are contained and identified in Schedule 1.2.2.

                      SECTION 2. PURCHASE PRICE AND CLOSING

     SECTION 2.1 PURCHASE PRICE. The Purchase price for the Purchased Assets is
Fifty Thousand shares (50,000) of Series A Convertible Preferred stock of the
Seller and 9,771,500 shares of restricted common stock of the Seller (THE
"SHARES"), and the debt assumption as set forth in section 1.2. Shares will be
delivered to the Seller at Closing, with the exception of 400,000 shares of
restricted stock which will be delivered to Seller when the shares are released
by the Trustee in charge of the Bankruptcy Proceeding involving R. Thomas Kidd.

     SECTION 2.2 TIME AND PLACE OF CLOSING. The closing of the purchase and sale
of the Purchased Assets (the "CLOSING") will be upon delivery of all signed
documentation as required under this Agreement, and all documentation necessary
to perfect the delivery of the assets. The effective time of the closing and the
transfer of the Purchased Assets to Purchaser is March 5, 2012.

     SECTION 2.3 TRANSFER AND CLOSING EXPENSES. Each party shall be responsible
for the payment of any closing expenses incurred by that party in connection
with this transaction. Seller shall be responsible for any transfer expenses
incurred in transferring the stock received from Buyer as part of the stated
consideration.

               SECTION 3. REPRESENTATIONS AND WARRANTIES OF SELLER

For the purpose of inducing the Purchaser to purchase the Purchased Assets,
Seller represents and warrants to Purchaser as follows:

     SECTION 3.1 ORGANIZATION AND QUALIFICATION. Seller is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
Nevada.

     SECTION 3.2 AUTHORITY. Seller has full power and authority to enter into
this Agreement and to consummate the transactions contemplated hereby. The
execution, delivery, and performance of this Agreement by Seller has been duly
and validly authorized and approved by all necessary action on the part of
Seller. This Agreement is the legal, valid, and binding obligation of Seller
enforceable against Seller in accordance with its terms, except as
enforceability may be limited by applicable equitable principles or by
bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
creditors' rights generally, and to the exercise of judicial discretion in
accordance with general equitable principles.

     SECTION 3.3 PERSONAL PROPERTY. Seller, to the best of its knowledge, has
good and marketable title to all of it's Assets free and clear of all liens,
claims, charges, security interests, and other encumbrances of any kind or of
any nature. The Purchased Assets include all rights, properties, interest in

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properties, and assets necessary to permit Purchaser to carry on the Sports
Business as the same has heretofore been previously conducted by Seller.

     SECTION 3.4 COMPLIANCE WITH LAWS. Seller, to the best of its knowledge, is
not subject to any judgment, order, writ, injunction, or decree that adversely
affects, or might in the future reasonably be expected to adversely affect any
of the Purchased Assets or the Sports Business.

     SECTION 3.5 LITIGATION. There are no formal or informal complaints,
investigations, claims, charges, arbitration, grievances, actions, suits, or
proceedings pending, or to the knowledge of Seller threatened against any of the
Purchased Assets at law or in equity or admiralty, or before or by any federal,
state, municipal, or other governmental department, commission, board, bureau,
agency, or instrumentality, domestic or foreign which would affect the purchased
assets materially. To the best of its knowledge, Seller is not subject to any
order, writ, injunction, or decree of any federal, state, municipal court, or
other governmental department, commission, board, bureau, agency, or
instrumentality, domestic or foreign, affecting the Purchased Assets.

     SECTION 3.6 BROKERS AND FINDERS. Seller has not incurred any obligation or
liability to any party for any brokerage fees, agent's commissions, or finder's
fees in connection with the transactions contemplated hereby.

       SECTION 4. REPRESENTATIONS AND WARRANTIES OF PURCHASER Purchaser hereby
represents and warrants to Seller as follows:

     SECTION 4.1 ORGANIZATION AND QUALIFICATION. Purchaser's assign will be a
newly formed corporation duly organized, validly existing, and in good standing
under the laws of the State of its incorporation.

     SECTION 4.2 AUTHORITY. Purchaser has full power and authority to enter into
this Agreement and to consummate the transactions contemplated hereby. The
execution, delivery, and performance of this Agreement by Purchaser has been
duly and validly authorized and approved by all necessary action on the part of
Purchaser, and this Agreement is the legal, valid, and binding obligation of
Purchaser enforceable against Purchaser in accordance with its terms, except as
enforceability may be limited by applicable equitable principles or by
bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
creditors' rights generally, and by the exercise of judicial discretion in
accordance with equitable principles.

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     SECTION 4.3. LITIGATION. There is no suit, action, proceeding, claim or
investigation pending, or, to Purchaser's knowledge, threatened, against
Purchaser which would prevent Purchaser from consummating the transactions
contemplated by this Agreement.

     SECTION 4.4. BROKERS AND FINDERS. Purchaser has not incurred any obligation
or liability to any party for brokerage fees, agent's commissions, or finder's
fees in connection with the transactions contemplated hereby.

                           SECTION 5. INDEMNIFICATION

       All statements contained in any certificate, Exhibit or Schedule
delivered by or on behalf of Purchaser or Seller pursuant to this Agreement, or
any document that is executed simultaneously with this Agreement, shall be
deemed representations and warranties hereunder by Purchaser or Seller, as the
case may be.

     SECTION 5.1 AGREEMENT OF SELLER TO INDEMNIFY PURCHASER.

          (a) Seller hereby agrees to indemnify Purchaser from, against, and in
     respect of any and all losses, including reasonable attorneys fees and
     costs, incurred by Purchaser by reason of, resulting from, or based upon:
     (i) the inaccuracy or untruth of any representation of Seller contained in
     or made pursuant to this Agreement or in any certificate, Schedule, or
     Exhibit or other document furnished by Seller, in connection with the
     execution and delivery of this Agreement and the closing of the
     transactions contemplated hereby, (ii) the breach by Seller of any covenant
     or agreement made in or pursuant to this Agreement or any agreement
     executed by Seller, and delivered to Purchaser in connection with the
     Closing of the transactions contemplated hereby; and (iii) any Excluded
     Liability including without limitation the failure to comply with the bulk
     sales law and any Excluded Liability that attaches to the Assets.

          (b) Seller's obligation to indemnify Purchaser for losses is subject
     to the condition that Seller shall have received notice of the losses for
     which indemnity is sought on or before December 31, 2012.

          (c) Purchaser's remedies against Seller for any losses hereunder shall
     be cumulative, and the exercise by Purchaser of its right to
     indemnification hereunder shall not affect the right of Purchaser to
     exercise any other remedy at law or in equity, to recover damages, or to
     obtain equitable or other relief, PROVIDED, that Seller shall not be liable
     for damages in excess of the actual damages suffered by Purchaser as a
     result of the act, circumstance, or condition for which indemnification is
     sought.

     SECTION 5.2 AGREEMENT OF PURCHASER TO INDEMNIFY SELLER.

          (a) Purchaser hereby agrees to indemnify Seller from, against, for,
     and in respect of any and all losses asserted against incurred by Seller by
     reason of, resulting from or based upon: (i) the inaccuracy or untruth of
     any representation or warranty of Purchaser, contained in or made pursuant
     to this Agreement or in any certificate, Schedule, or Exhibit or other

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     document furnished by Purchaser, in connection with the execution and
     delivery of this Agreement or the closing of the transactions contemplated
     hereby, or (ii) the breach by Purchaser of any covenant or agreement made
     in or pursuant to this Agreement or any agreement executed by Purchaser,
     and delivered to Seller in connection with the Closing of the transactions
     contemplated hereby.

          (b) Purchaser's obligation to indemnify Seller for losses is subject
     to the condition that Purchaser shall have received notice of the losses
     for which indemnity is sought on or before December 31, 2012.

          (c) Seller's remedies against Purchaser for any losses hereunder shall
     be cumulative, and the exercise by Seller of its right to indemnification
     hereunder shall not affect the right of Seller to exercise any other remedy
     at law or in equity, to recover damages, or to obtain equitable or other
     relief, PROVIDED, that Purchaser shall not be liable for damages in excess
     of the actual damages suffered by Seller as a result of the act,
     circumstance, or condition for which indemnification is sought.

                         SECTION 6. POST CLOSING MATTERS

     SECTION 6.1 FURTHER ASSURANCES. From and after the date hereof, Seller and
Purchaser agree, without further consideration, to execute and deliver promptly
to each other, such further consents, waivers, assignments, endorsements, and
other documents and instruments, and to take all such further actions, as either
of the parties may from time to time reasonably request, with respect to the
assignment, transfer, and delivery to Purchaser of the Purchased Assets, and the
fulfillment of any condition precedent to the obligations of either party that
was waived in order to close the transactions contemplated herein, and the
consummation in full of the transactions provided for herein.

     SECTION 6.2 DEFINITIONS. As used herein, the following capitalized terms
are used with the meanings thereafter ascribed:

"AFFILIATE" means any person or entity directly or indirectly Controlling,
Controlled by, or under common Control with Seller.
"COMPETING ENTERPRISE" means any person or entity that is substantially engaged
in the Sports Business.
"CONTROL" means the power to direct the management and affairs of a person.
"TRADE SECRETS" means information of the Sports Business which derives economic
value, actual or potential, from not being generally known and not being readily
ascertainable by proper means to other persons who can obtain economic value
from its disclosure or use and which is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy or confidentiality,
but shall not include Excluded Information. Trade Secrets may include both
technical or non-technical data, including without limitation, (a) any process,
machine, pattern, compilation, program, method, technique, formula, chemical
formula, composition of matter, or device which (1) is not generally known or
which the Seller, with respect to the Sports Business has a reasonable basis to
believe may not be generally known, (2) is being used or studied by the Sports
Business and is not described in a printed patent or in any literature already
published and distributed externally by Seller with respect to the Sports

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Business, and (3) is not readily ascertainable from inspection of a product of
the Sports Business; (b) any engineering, technical, or product specifications
including those of features used in any current product of the Sports Business
or which may be so used, or the use of which is contemplated in a future product
of the Sports Business; (c) any application, operating system, communication
system, or other computer software (whether in source or object code) and all
flow charts, algorithms, coding sheets, routines, subroutines, compilers,
assemblers, design concepts, test data, documentation, or manuals related
thereto, whether or not copyrighted, patented, or patentable, related to or used
in the Sports Business; or (d) information concerning the customers, suppliers,
products, pricing strategies of the Sports Business, personnel assignments and
policies of the Sports Business, or matters concerning the financial affairs and
management of the Sports Business; provided however, that Trade Secrets shall
not include any Excluded Information. As used herein, "EXCLUDED INFORMATION"
means information (i) which has been voluntarily disclosed to the public by the
Sports Business, (ii) independently developed and disclosed by parties other
than the Sports Business, or (iii) that otherwise enters the public domain
through lawful means or without misappropriation by Seller.

     SECTION 6.3 TRADE SECRETS. Seller for itself and each Affiliate
acknowledges and agrees that all Trade Secrets related expressly to the Sports
Business, and all physical embodiments thereof, are a part of the Purchased
Assets are confidential to and shall be and remain the sole and exclusive
property of Purchaser. Seller for itself and each Affiliate agrees that all
Trade Secrets related to the Sports Business will be held in trust and strictest
confidence, that each Affiliate shall protect such Trade Secrets from
disclosure, and that each Affiliate will make no use of such Trade Secrets
without prior written consent of Purchaser. The obligations of confidentiality
contained in this Section shall apply from the date of this Agreement and with
respect to all Trade Secrets at all times thereafter, until such Trade Secret is
no longer a trade secret under applicable law.

     SECTION 6.4 REMEDIES. Seller for itself and any Affiliate covenants and
agrees that Purchaser by virtue of the consummation of the transactions
contemplated by this Agreement will be engaged in the Sports Business and that
great loss and irreparable damage would be suffered by Purchaser if Seller
should breach or violate any of the terms or provisions of the covenants and
agreements set forth in this Section. Seller for itself and any Affiliate,
further acknowledges and agrees that each such covenant and agreement is
reasonably necessary to protect and preserve unto Purchaser the benefit of its
bargain in the acquisition of the Sports Business, including, without
limitation, the good will thereof. Therefore, in addition to all the remedies
provided in this Agreement, or available at law or in equity, Seller for itself
and any Affiliate jointly and severally agrees Purchaser shall be entitled to a
temporary restraining order and a permanent injunction to prevent a breach or
contemplated breach of any of the covenants or agreements of Seller contained in
this Section 6. The existence of any claim, demand, action, or cause of action
of Seller against Purchaser shall not constitute a defense to the enforcement by
Purchaser of any of the covenants or agreements herein whether predicated upon
this Agreement or otherwise, and shall not constitute a defense to the
enforcement by Purchaser of any of its rights hereunder.

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     SECTION 6.5 BLUE PENCILING. In the event that any one or more of the
provisions, or parts of any provisions, contained in this Agreement shall for
any reason be held to be invalid, illegal, or unenforceable in any respect by a
court of competent jurisdiction, the same shall not invalidate or otherwise
affect any other provision hereof, and the parties hereto agree that such
provisions shall be reformed to set forth the maximum limitations permitted
under applicable law. Specifically, but without limiting the foregoing in any
way, each of the covenants of the parties to this Agreement contained herein
shall be deemed and shall be construed as a separate and independent covenant
and should any part or provision of any of such covenants be held or declared
invalid by any court of competent jurisdiction, such invalidity shall in no way
render invalid or unenforceable any other part or provision thereof or any other
covenant of the parties not held or declared invalid.

                          SECTION 7. GENERAL PROVISIONS

     SECTION 7.1 BULK SALES LAW WAIVER. Purchaser and Seller each agree to waive
compliance by the other with the provisions of the bulk sales law or comparable
law of any jurisdiction to extent that the same may be applicable to the
transactions contemplated by this Agreement.

     SECTION 7.2 EXPENSES. Except as set forth in Section 2 hereof, all expenses
incurred by the parties hereto in connection with or related to the
authorization, preparation, and execution of this Agreement and the Closing of
the transaction contemplated hereby, including without limiting the generality
of the foregoing, all fees and expenses of agents, representatives, counsel, and
accountants employed by any such party, shall be borne solely and entirely by
the party which has incurred the same.

     SECTION 7.3 BINDING EFFECT. This Agreement shall be binding upon the
parties hereto and their respective successors or assigns, as permitted herein.

     SECTION 7.4 HEADINGS. The Section, subsection, and other headings in this
Agreement are inserted solely as a matter of convenience and for reference, and
are not a part of this Agreement.

     SECTION 7.5 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and
shall become effective when one counterpart has been signed by each party and
delivered to the other party hereto and such execution shall be conclusively
evidenced by a facsimile transmitted copy or electronic mail transmitted copy of
the execution page hereof.

     SECTION 7.6 GOVERNING LAW. This Agreement shall be construed under the laws
of the State of Florida, without giving effect to applicable principles of
conflicts of law.

     SECTION 7.7 ADDITIONAL ACTIONS. Each party covenants that at any time, and
from time to time, it will execute such additional instruments and take such
actions as may be reasonably requested by the other parties to confirm or
perfect or otherwise to carry out the intent and purposes of this Agreement.

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     SECTION 7.8 ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement among the parties hereto and supersedes and cancels any prior
agreements, representations, warranties, or communications, whether oral or
written, among the parties hereto relating to the transactions contemplated
hereby or the subject matter herein. Neither this Agreement nor any provisions
hereof may be changed, waived, discharged or terminated orally, but only by an
agreement in writing signed by the party against whom or which the enforcement
of such change, waiver, discharge or termination is sought.

     SECTION 7.9 PREPARATION OF AGREEMENT. This Agreement shall not be construed
more strongly against any party regardless of who is responsible for its
preparation. The parties acknowledge each contributed and is equally responsible
for its preparation.

     SECTION 7.10 ASSIGNMENT This Agreement shall not be assigned by operation
of law or otherwise. However, the assets and liabilities being acquired by the
Purchaser may be transferred to a newly formed corporation at the sole
discretion of the Purchaser.

     SECTION 7.11 THIRD PARTIES Nothing in this Agreement, whether express or
implied, is intended to confer any rights or remedies under or by reason of this
Agreement on any persons other than the parties hereto and their respective
administrators, executors, legal representatives, heirs, successors and
assignees. Nothing in this Agreement is intended to relieve or discharge the
obligation or liability of any third persons to any party to this Agreement, nor
shall any provision give any third persons any right of subrogation or action
over or against any party to this Agreement.

     SECTION 7.12 NOTICES. All notices and other communications hereunder shall
be in writing and shall be deemed to have been given (i) on the date they are
delivered if delivered in person; (ii) on the date initially received if
delivered by facsimile transmission with independent confirmation of receipt
followed by confirmation of notice by registered or certified mail or overnight
courier service; (iii) on the date delivered by an overnight courier service; or
(iv) on the fifth business day after it is mailed by registered or certified
mail, return receipt requested with postage and other fees prepaid, to the
address set forth herein of such other addresses provided by each party to the
other parties in accordance with the terms or provisions hereof.

     SECTION 7.13 PARTIAL INVALIDITY. Wherever possible, each provision hereof
shall be interpreted in such manner as to be effective and valid under
applicable law, but in case any one or more of the provisions contained herein
shall, for any reason, be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality, or unenforceability shall not affect any
other provisions of this Agreement, and this Agreement shall be construed as if
such invalid, illegal, or unenforceable provision or provisions had never been
contained herein unless the deletion of such provision or provisions would
result in such a material change as to cause completion of the transactions
contemplated hereby to be unreasonable.

     SECTION 7.14 SURVIVAL. The covenants, representations, warranties, and
agreements contained herein shall survive the Closing of the transactions
contemplated herein, for the length of time that Purchaser or Seller, as the

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case may be, may assert an indemnification claim for a breach or violation of
such covenant, representation, warranty, or agreement pursuant to Section 5.
Hereof.

     SECTION 7.15 ARBITRATION. Any controversy, dispute, or claim arising out of
or relating to this Agreement or a claimed default hereunder, other than
requests for injunctive relief or damages for a breach of a Restrictive Covenant
including without limitation Sections 6.2, 6.3, 6.4, and 6.5 hereof, shall be
resolved by arbitration in accordance with the rules of the American Arbitration
Association (the "AAA"), by which each party will be bound.

IN WITNESS WHEREOF, each party hereto has executed this Agreement, or caused
this Agreement to be executed on its behalf by its duly authorized officers, all
as of the Closing Date.

Domark International, Inc.                     R. Thomas Kidd and Joan L. Kidd
Seller                                         Purchaser

By: /s/ Michael Franklin                       /s/ R. Thomas Kidd
   ---------------------------------           ---------------------------------
   Michael Franklin                            R. Thomas Kidd
   President

                                               /s/ Joan L. Kidd
                                               ---------------------------------
                                               Joan L. Kidd

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                                 SCHEDULE 1.1(c)
                                 List of Assets

All outstanding shares of The Golf Championships, Inc.
The trade name and mark of Armada Sports & Entertainment
The trade name and mark of The Golf Championships
The trade name and mark of World Putting Tour Championships
The trade name and mark of Celebrity Golf Challenges
The url www.thegolfchampionships.com
All Personnel and contracts with personnel
All contracts with third party contractors and vendors
All computer equipment, programs and file records
All receivables
CBS Television broadcast agreement
All VPAR devices, and equipment
VPAR Florida License agreement and business.
All sports properties, concepts and event designs developed and owned by
Armada Sports
All financial schedules and modeling
All intellectual property including but not limited to service and trademarks,
patent rights
Any and all online registration systems developed and managed by Armada or the
Golf Championships, Inc.
All accounting records including quick books of Armada and the Golf
Championships, Inc.
All corporate records, books and documents relating to Armada, The Golf
Championships or VPAR.
The 506 offering document for the Golf Championships
The Face Book pages The Golf Championships and Armada Sports
All video promotional materials used in the marketing of the business
All rights title and interest in and to any and all claims Armada or The Golf
Championships may have against third parties.
Any and all other assets, records or contracts used in the development and
management of The Golf Championships, Inc. and Armada Sports.

                                       10

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