Document:

Agreement

EXHIBIT 10.13

445 Central Avenue. Suite 356

Cedarhurst, NY 11516

June 8, 2012

Mr. Joseph Vittoria

Puradyn Filter Technologies

2017 High Ridge Road

Boynton Beach, FL 33426

Dear Joe:

Monarch Communications  (Monarch) is very pleased to provide financial public relations services on behalf ofPuradyn Filter Technologies (Puradyn) under the terms and conditions which are set forth in this Agreement.

I. Services: Monarch, during the term of this Agreement, shall provide Puradyn with financial public relations services and activities and will act as media relations counsel.

II. Fees: Monarch will bill for our services as follows.

For the first six months, a fixed fee of $7,000 per month, payable as $2,000 cash and $5,000 in Puradyn common stock. For the second six month period, the fee structure will be comprised of $3,000 in cash and $4,000 in Puradyn stock. The first installment is due upon receipt of this document. The official start of our contract shall be deemed to have started May 19, 2012, and we will provide an invoice at the start of each month. The fixed fee shall cover the services described above. Monarch will provide a written summary of public relations activities on or around the 19th of each month.

If, for any reason, either party should elect to discontinue our business relationship, the party that wishes to terminate the agreement shall give the second party thirty (30) days notice.

III. Expenses:  Monarch will obtain your authorization before making any commitments for any expenditure in excess of $200 on your behalf.  Monarch will maintain records of expenses incurred and will bill you monthly for all incidental and other expenses incurred on your behalf, including, but not limited to, items such as travel, messengers, press mailings, copies of video and written transcripts, printing, etc. You agree to reimburse these expenses within ten days of Monarch's submission for payment.

IV. Term: The term of this agreement be deemed to have commenced as of May 19m 2012, and shall continue for a period of twelve (12) months.

V. Indemnification: Puradyn agrees to hold Monarch and all of its officers, employees and agents harmless from and against all liabilities, losses, damages or expenses, including reasonable attorneys' fees and costs, which Monarch or such other party may incur as the result of any claim, suit or proceeding brought or threatened arising out of any agreement or assertions we may make on your behalf, including assertions about your organization and your members, in any materials we may prepare for you if the assertions are based on information, representations, reports, data or releases supplied to us by or through you, or which you have previously approved.

VI. Confidential  Information: Monarch and Puradyn agree to keep confidential and not to disclose or use for their own benefit or for the benefit of any third party, any information, documents or materials which are identified by a party, at the time that they are made available, to be proprietary or confidential. The obligations of this agreement shall survive termination and shall continue for a period of 24 months after the effective date of termination of this contract.

VII. Publicity Disclosure: Monarch may publicize our agreement to work with you in the form of press releases and announcements and may include your name in our client roster for the purpose of further business developments efforts. If requested by you, you will be given reasonable opportunity to review and approve all information pertaining to your company prior to public disclosure.

VIII. Dispute Resolution:  In the event that a dispute arises between us, we both agree to make a good faith effort to resolve our differences by negotiation. In the event that the dispute is not resolved by our mutual efforts and within 30 days, we agree to arbitrate any dispute arising under this agreement before an arbitrator under the auspices of the American Arbitration Association in the County of Palm Beach, State of Florida.  In such arbitration, the prevailing party shall have its costs associated with the arbitration, including its reasonable attorneys' fees, paid by the other party.

IX. Limitation of Liability: Except as specifically set forth in this letter Agreement, Monarch makes no express or implied warranties of any kind, whether alleged to arise by law, by reason of custom or usage in the trade or by course of dealing. In no event will Monarch be liable for any loss of profits, business interruption or any form of special, incidental, consequential or punitive damages of any kind arising out of or relating to performance under this agreement, unless caused by gross negligence or intentional acts.

X. Miscellaneous: Monarch is an independent contractor. Nothing contained in this Agreement shall create any partnership or joint venture between the parties. Monarch will be acting as your agent when purchasing materials or services on your behalf.

This Agreement may only be assigned with the prior written approval of the other party. This Agreement embodies the entire Agreement between parties hereto and may not be

amended or modified except by a writing signed by both parties. Each party acknowledges that it has not relied upon any promise or representation not specifically set forth herein.

This Agreement shall be construed and governed by the laws of the State of New York. If the above comports with your understanding of our agreement, please sign below where indicated and return a copy to me, keeping the original for your files.

Monarch looks forward to a very successful and mutually beneficial relationship with Puradyn. 

Sincerely, 

Jeff Siegel

Approved:

			
	Jeff Siegel

	 
	Date: June 8, 2012

	Mr. Jeff Siegel

	 
	 

	President

	 
	 

	Monarch Communications

	 
	 

	 
	 
	 

	/s/ Joseph Vittoria

	 
	Date: June 8, 2012

	Mr. Joseph Vittoria

	 
	 

	Chairman & CEO

	 
	 

	Puradyn Filter Technologiesex107.htm

EXHIBIT 10.7

 

TRANSFER AND ASSIGNMENT OF RIGHT

OVER SHARES

The undersigned:

 

	1.	Name:	CARLO DANIEL MUAYA	 	 	 
	 	 	 	 	 	 
	 	Place / date of birth:	[*]	 	 	 
	 	 	 	 	 	 
	 	Occupation:	Private Person	 	 	 
	 	 	 	 	 	 
	 	Address:	[*]	 	 	 
	 	 	 	 	 	 
	 	Resident Id. Card No. :	[*]	 	 	 
	 	 	 	 	 	 
	 	Indonesian Citizen;	 	 	 	 

 

- in this case, acting as the legal holder of eighty percent (80%) or four hundred eighty (480) shares in the Limited Liability Company P.T. CAHAYA MERATUS PRIMECOAL, domiciled in South Jakarta;

 

FIRST PARTY

 

 

	 	Name:	NILS ANDREW OLLQUIST	 	 	 
	 	 	 	 	 	 
	 	Place / date of birth:	[*]	 	 	 
	 	 	 	 	 	 
	 	Occupation:	Private Person	 	 	 
	 	 	 	 	 	 
	 	Address:	[*]	 	 	 
	 	 	 	 	 	 
	 	
Passport No.

	[*]	 	 	 

 

-  in this case, acting as the legal owner of INTERICH INTERNATIONAL LIMITED BVICOMPANYNUMBER 1548748, registered in the Registration of Corporate Affairs of British Virgin Islands, as declared in the CERTIFICATE OF INCORPORATION (SECTION 7), dated 22 September 2009;

 

SECOND PARTY

[*] Personal information redacted from agreement

  

1

  

It is hereby declared:

 

-- Whereas, First Party the legal holder of eighty percent (80%) or four hundred eighty (480) shares in the Limited Liability Company P.T. CAHAYA MERATUS PRIMECOAL, domiciled in South Jakarta.

 

-- Whereas, First Party intend to transfer and assign, to Second Party, its shares in the company PT. CAHAYA MERATUS PRIMECOAL, domiciled in South Jakarta, eighty percent (80%) or four hundred eighty (480) shares.

 

-- Whereas, the shares of First Party in the Company PT. CAHAYA MERATUS PRIMECOAL shall be exchanged with forty percent (40%) shares held by Second Party in Second Party's Company in INTERICH INTERNATIONAL LIMITED BVI COMPANY NUMBER 1548748;

 

-- With regard to the above matter, the parties have agreed to enter into an agreement under the terms and conditions, as follows:

 

Article 1.

 

	
1.  

	
First Party hereby transfer and assign eighty percent (80%) or four hundred eighty (480) shares held by First Party in the Limited Liability Company PT. CAHAYA MERATUS PRIMECOAL, domiciled in South Jakarta, to Second Party that hereby declare to have received the transfer and assignment from First Party, in the form of rights over shares held by First Party in the company, together with talons and signs of dividend included therein.

 

	
2. 

	
The transfer and receipt occur and accepted by exchanging the aforesaid shares of First Party, namely eighty percent (80%) or four hundred eighty (480) shares held by First Party in the Limited Liability Company PT. CAHAYA MERATUS PRIMECOAL, domiciled in South Jakarta, exchanged with forty percent (40%) shares held by Second Party in the Company held by Second Party in INTERICH INTERNATIONAL LIMITED BVI COMPANY NUMBER 1548748.

 

	
3.. 

	
As of this day, the object of transfer and assignment shall be:

 

	
a.  

	
property of Second Party;

 

	
b.  

	
submitted to the ownership and domination of Second Party in the condition of this day;

 

	
c.  

	
Second Party shall be entitled to exercise the rights over the shares having been received by it;

 

	
d.  

	
all profits, losses, taxes, encumbrances and duties pertaining to the object of transfer and assignment shall be property and account of Second Party.

 

 

  

2

  

 

Article 2.

 

First Party hereby warrant Second Party, that:

 

	
a.   

	
the shares are truly held by it and, therefore, it shall be fully entitled and authorized to transfer and assign them;

 

	
b.   

	
the shares are not entangled in any dispute, free of foreclosure and not imposed by any encumbrance, but placed as collateral of debt nor transferred nor assigned to any other party and, nor authorized to anyother party in any form whatsoever. In the event that such power has been apparently issued, First Party shall currently declare to revoke the power having been issued by it;

 

	
c.  

	
such shares have been entirely and fully transferred or assigned. However, the proofs of shares have not, hitherto, been issued / printed by the Company;

 

	
d.  

	
First Party waive its right to receive dividend over the shares having not been paid.

 

	
e.  

	
First Party has never fail to fulfill its obligations in paying taxes or other costs to the Government in connection therewith.

 

	
f.  

	
Second Party shall be held harmless from any claim or suit by any other party declaring to have preemptive right and, therefore, Second Party shall be held harmless from any claim or suit by any other party with regard thereto.

 

Article 3.

 

1. First Party hereby authorize Second Party:

 

	
a.  

	

to notify on the this transfer and receipt to the Company's Directors;

 

	
b.  

	

to receive necessary records from the Company's Directors concerning the aforesaid matters;

 

2. As long as the aforesaid shares have not been transferred, Second Party shall exercise all rights and fulfill all obligations as the owner / holder of such shares;

 

The Certificate of Transfer and Assignment of Right Over Shares shall be valid proof and shall be used accordingly.

 

.Hong Kong, 06 July 2011

 

 

	FIRST PARTY 	 	 	SECOND PARTY	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/ Carlo Daniel Muaya 

	 	 	
/s/ Nils Andrew Ollquist

	 
	
CARLO DANIEL MUAYA

	 	 	
NILS ANDREW OLLQUIST

	 

 

 

                                                                      

3

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