Document:

Exhibit
10.1

 

EXECUTIVE
EMPLOYMENT AGREEMENT

ROGER
JANSSEN

 

This
Employment Agreement ("Agreement") is dated December 18, 2013 between 3DX Industries, Inc., a Nevada corporation
("Company") and Roger Janssen ("Executive"). The Company and Executive are sometimes referred
to herein individually as a “Party” and collectively as the “Parties.”

 

WITNESSETH:

 

WHEREAS,
the Company desires that Executive be employed by the Company, and render services to the Company, and Executive is willing to
be so employed and to render such services to the Company, all upon the terms and subject to the conditions contained herein in
consideration for, among other things, the Company’s agreement to provide Executive with Confidential Information pursuant
to the terms of this Agreement, and Executive’s receipt of Confidential Information pursuant to a relationship of trust
and confidence and under conditions of confidentiality and non-use and non-disclosure.

 

WHEREAS,
the Parties mutually agree that this Agreement shall be effective as of November 23, 2013 (the “Effective Date”)
based on the intent of the Parties and the date of the original oral agreement between the Parties as to the terms and conditions
of Executive’s employment by the Company. The Parties intend for this Agreement to be a memorialization of those terms and
conditions agreed to on the Effective Date.

 

AGREEMENT:

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. EMPLOYMENT.  Subject
to and upon the terms and conditions contained in this Agreement, the Company hereby agrees to employ Executive and Executive
agrees to be employed by the Company, for the period set forth in paragraph 2 hereof, to render to the Company, its affiliates
and/or subsidiaries the services described in paragraph 3 hereof.

 

2. TERM.  Executive’s
employment under this Agreement shall commence as of the Effective Date hereof and shall continue for a period of three (3) years
and shall automatically be renewed in one (1) year increments unless earlier terminated within the sole discretion of the Board
of Directors of the Company (the “Employment Term”). 

 

3. DUTIES.

 

(a)                
Executive shall serve as the President and Chief Executive Officer (“CEO”) of the Company, reporting directly
to the Board of Directors of the Company (the “Board”).  Executive shall be responsible for the management
and running of the day-to-day operations of the Company and shall focus his time and energy in the business development, sales,
and marketing for the Company (the “Services”). 

 

(b)                
Executive shall perform all duties and services incident to the positions held by him. The Company retains the right to change
Executive's title, duties, and reporting relationships as may be determined to be in the best interests of the Company; provided,
however, that any such change in Executive's duties shall be consistent with Executive's training, experience, and qualifications.

 

(c)                
Executive agrees to abide by all bylaws and policies of the Company promulgated from time to time by the Company as well as
all laws, statutes and regulations.

 

4. BEST
EFFORTS.  Executive agrees to devote his best efforts, energies and skill to the discharge of the duties and
responsibilities attributable to his position.

 

5. COMPENSATION.
The Company will pay Executive the following compensation for his services under this Agreement:

 

(a)                
Signing Bonus. As consideration for entering into this Agreement, the Company shall issue Thirty Million (30,000,000)
restricted shares of the common stock of the Company to Executive to be valued at $0.001 per share (the “Signing Bonus”).
The common stock shares of the Company issued as Signing Bonus shall bear the appropriate restrictive legend in conformity with
all applicable federal and state laws and regulations and shall be dated as of the Effective Date.

 

(b)                
Base Salary. As compensation for services and covenants agreed to hereunder, the Company shall pay to Executive a base
salary of $180,000 USD per year (the “Base Salary”), which shall be payable on a monthly basis. 

 

(c)                
Performance Bonus. Executive shall be paid a bonus at a time and in an amount as determined by the Board in
its sole discretion.

 

(c) 
Incentive Plan. Executive shall also be eligible to participate in the Company’s annual incentive
plan for executives, if applicable. The criteria for determining the amount of the bonus, and the conditions that must be satisfied
to entitle Executive to receive the bonus for any year during the term of this Agreement shall be determined by the Board or its
Compensation Committee. 

 

6. EXPENSES.  

 

(a)                
Reimbursement. Executive shall be reimbursed for business expenses incurred by him which are reasonable and necessary
for Executive to perform his duties under this Agreement in accordance with policies established from time to time by the Company.  The
reimbursement of any such expense that is includible in gross income for federal income tax purposes shall be paid no later than
the end of the calendar year following the calendar year in which the expense was incurred. In addition, Executive will be paid
an allowance for automobile expenses of $1500 per month, Executive’s health insurance, travel expenses and hotel accommodations,
and fuel allowance with no requirement to report or account for such expenses.

 

7. EXECUTIVE
BENEFITS.

 

(a)                
Benefits. During the Employment Term, Executive shall be entitled to participate in such group term insurance, disability
insurance, health and medical insurance benefits, life insurance and retirement plans or programs as are from time to time generally
made available to executive employees of the Company pursuant to the policies of the Company; provided that Executive shall be
required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits only
to the extent former employees are eligible to participate in such arrangements pursuant to the terms of the arrangement, any
insurance policy associated therewith and applicable law, and, further, shall be entitled to benefits only in accordance with
the terms and conditions of such plans. The Company may withhold from any benefits payable to Executive all federal, state, local
and other taxes and amounts as shall be permitted or required to be withheld pursuant to any applicable law, rule or regulation.

 

(b)                
Vacation. Executive shall be entitled to vacation in accordance with the Company’s policies as may be established
from time to time by the Company for its executive staff, which shall be taken at such time or times as shall be mutually agreed
upon with the Company.

 

8. DEATH
AND DISABILITY.

 

(a)                
Death. The Employment Term shall terminate on the date of Executive’s death, in which event the Company shall,
within 30 days of the date of death, pay to his estate, Executive’s Base Salary, any unpaid  bonus awards (including
any bonus award for a plan year that has ended prior to the time employment terminated where the award was scheduled to be paid
after the date employment terminated), reimbursable expenses and benefits owing to Executive through the date of Executive’s
death together with any benefits payable under any life insurance program in which Executive is a participant.  

 

(b)                
Disability. The Employment Term shall terminate upon Executive’s Disability. For purposes of this Agreement,
“Disability” shall mean that Executive is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous
period of not less than 12 months.  For purposes of determining Executive’s Disability, the Board may rely on
a determination by the Social Security Administration that Executive is totally disabled or a determination by the Company’s
disability insurance carrier that Executive has satisfied the above definition of Disability.  In case of such termination,
Executive shall be entitled to receive his Base Salary, any unpaid bonus awards (including any bonus award for a plan year that
has ended prior to the time employment terminated where the award was scheduled to be paid after the date employment terminated),
reimbursable expenses and benefits owing to Executive through the date of termination within 30 days of the date of the Company’s
determination of Executive’s Disability, together with any benefits payable under any disability insurance program in which
Executive is a participant.  Except as otherwise contemplated by this Agreement, Executive will not be entitled to any
other compensation upon termination of his employment pursuant to this subparagraph 8(b).

 

9. TERMINATION
OF EMPLOYMENT.

 

(a)                
Termination With Cause By Company. The Company may terminate this Agreement at any time during the Employment Period
for “Cause” upon written notice to Executive, upon which termination shall be effective immediately. For purposes
of this Agreement, “Cause” means the following:

 

                                                                    
i.            Felony theft or embezzlement from the Company; or

                                                                   
ii.            The conviction for any major felony involving moral turpitude
that reflects adversely upon the standing of the Company in the community.

 

(b)                
Termination Without Cause By Company. The Company may terminate this Agreement at any time during the Employment
Period without “Cause” upon 30 days written notice to Executive. 

 

(c)                
Termination By Executive. Executive may terminate this Agreement at any time by providing the Company 30 days’
written notice, with or without “Good Reason.”

 

(d)                
Compensation upon Termination. In the event that the Company terminates the Executive’s employment hereunder
due to a Termination for Cause or the Executive voluntarily terminates employment with the Company for any reason, the Executive
shall not be entitled to any Base Salary, unpaid bonus, reimbursable expenses and benefits owing to Executive through the day
on which Executive is terminated.  Except as otherwise contemplated by this Agreement, Executive will not be entitled
to any other compensation upon termination of this Agreement.

 

10. DISCLOSURE
OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION.

 

(a) Executive
acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade
secrets, formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or
its subsidiaries and affiliates.  The Company will provide Executive with valuable confidential information belonging
to the Company or its subsidiaries or its affiliates above and beyond any confidential information previously received by Executive
and will associate Executive with the goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior
association of Executive with that goodwill.  In return, Executive promises never to disclose or misuse such confidential
information and never to misuse such goodwill.  

 

(b) Executive
will not, during the Employment Term, directly or indirectly, as an Executive, employer, consultant, agent, principal, partner,
manager, stockholder, officer, director, or in any other individual or representative capacity, engage in or participate in any
other business that is competitive with the Company’s business. 

 

(c) Executive
will not, during the Employment Term, directly or indirectly, work in the United States as an employee, employer, consultant,
agent, principal, partner, manager, stockholder, officer, director, or in any other individual or representative capacity for
any person or entity who is competitive with the business of the Company.  

 

(d) Executive
will not, during the Employment Term, on his behalf or on behalf of any other business enterprise, directly or indirectly, under
any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment or hire any person
employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who was a customer
of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either case for
a business that is competitive with the business of the Company.

 

(e) It
is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary.
If, for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction
to be unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the
provisions enforceable.  Executive acknowledges and agrees that his services are of unique character and expressly grants
to the Company or any subsidiary or affiliate of the Company or any successor of any of them, the right to enforce the above provisions
through the use of all remedies available at law or in equity, including, but not limited to, injunctive relief.

 

11. COMPANY
PROPERTY.

 

(a) Any
patents, inventions, discoveries, applications, processes, models or financial statements designed, devised, planned, applied,
created, discovered or invented by Executive during the Employment Term, regardless of when reduced to writing or practice, which
pertain to any aspect of the Company’s or its subsidiaries’ or affiliates’ business as described above shall
be the sole and absolute property of the Company, and Executive shall promptly report the same to the Company and promptly execute
any and all documents that may from time to time reasonably be requested by the Company to assure the Company the full and complete
ownership thereof.

 

(b) All
records, files, lists, including computer generated lists, drawings, documents, equipment and similar items relating to the Company’s
business which Executive shall prepare or receive from the Company shall remain the Company’s sole and exclusive property.
Upon termination of this Agreement, Executive shall promptly return to the Company all property of the Company in his possession.
Executive further represents that he will not copy or cause to be copied, print out or cause to be printed out any software, documents
or other materials originating with or belonging to the Company. Executive additionally represents that, upon termination of his
employment with the Company, he will not retain in his possession any such software, documents or other materials.

 

12. EQUITABLE
RELIEF.  It is mutually understood and agreed that Executive’s services are special, unique, unusual,
extraordinary and of an intellectual character giving them a peculiar value, the loss of which cannot be reasonably or adequately
compensated in damages in an action at law. Accordingly, in the event of any breach of this Agreement by Executive, including,
but not limited to, the breach of any of the provisions of paragraphs 10 or 11 hereof, the Company shall be entitled to equitable
relief by way of injunction or otherwise in addition to any damages which the Company may be entitled to recover.

 

13. CONSENT
TO JURISDICTION AND VENUE.  The Executive hereby consents and agrees that federal and state courts located in
the State of Nevada shall have personal jurisdiction and proper venue with respect to any dispute between the Executive and the
Company. In any dispute with the Company, the Executive will not raise, and hereby expressly waives, any objection or defense
to any such jurisdiction as an inconvenient forum.

 

14. NOTICE.  Except
as otherwise expressly provided, any notice, request, demand or other communication permitted or required to be given under this
Agreement shall be in writing, shall be deemed conclusively to have been given: (a) on the first business day following the day
timely deposited with Federal Express (or other equivalent national overnight courier) or United States Express Mail, with the
cost of delivery prepaid or for the account of the sender; (b) on the fifth business day following the day duly sent by certified
or registered United States mail, postage prepaid and return receipt requested; or (c) when otherwise actually received by the
addressee on a business day (or on the next business day if received after the close of normal business hours or on any non-business
day).

 

15. INTERPRETATION;
HEADINGS.  The parties acknowledge and agree that the terms and provisions of this Agreement have been negotiated,
shall be construed fairly as to all parties hereto, and shall not be construed in favor of or against any party. The paragraph
headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement.

 

16. SUCCESSORS
AND ASSIGNS; ASSIGNMENT; INTENDED BENEFICIARIES.  Neither this Agreement, nor any of Executive’s rights,
powers, duties or obligations hereunder, may be assigned by Executive. This Agreement shall be binding upon and inure to the benefit
of Executive and his heirs and legal representatives and the Company and its successors. Successors of the Company shall include,
without limitation, any corporation or corporations acquiring, directly or indirectly, all or substantially all of the assets
of the Company, whether by merger, consolidation, purchase, lease or otherwise, and such successor shall thereafter be deemed
“the Company” for the purpose hereof.

 

17. NO
WAIVER BY ACTION.  Any waiver or consent from the Company respecting any term or provision of this Agreement
or any other aspect of the Executive’s conduct or employment shall be effective only in the specific instance and for the
specific purpose for which given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver
or consent. The failure or delay of the Company at any time or times to require performance of, or to exercise any of its powers,
rights or remedies with respect to, any term or provision of this Agreement or any other aspect of the Executive’s conduct
or employment in no manner (except as otherwise expressly provided herein) shall affect the Company’s right at a later time
to enforce any such term or provision.

 

18. COUNTERPARTS;
GOVERNING LAW; AMENDMENTS; ENTIRE AGREEMENT; SURVIVAL OF TERMS.  This Agreement may be executed in two counterpart
copies, each of which may be executed by one of the parties hereto, but all of which, when taken together, shall constitute a
single agreement binding upon all of the parties hereto. This Agreement and all other aspects of the Executive’s employment
shall be governed by and construed in accordance with the applicable laws pertaining in the State of Nevada (other than those
that would defer to the substantive laws of another jurisdiction). Each and every modification and amendment of this Agreement
shall be in writing and signed by the parties hereto, and any waiver of, or consent to any departure from, any term or provision
of this Agreement shall be in writing and signed by each affected party hereto.  

 

18. ENTIRE
AGREEMENT.  The entire understanding and agreement between the Parties has been incorporated into this Agreement,
and this Agreement supersedes all other agreements and understandings between Executive and the Company with respect to the relationship
of Executive with the Company or its affiliates or subsidiaries.

 

 

 

[Signature
page follows.]

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date set forth above.

 

 

 

(“COMPANY”)(“EXECUTIVE”)

3DX
Industries, Inc.

 

 

_______________________________________________________________

By:
Roger Janssen By: Roger Janssen

Its:
Chief Executive OfficerExhibit 10.2

 

EQUIPMENT
PURCHASE AGREEMENT

 

This
EQUIPMENT PURCHASE AGREEMENT (this “Agreement”), effective as of December 18, 2013 (the “Effective
Date”) is entered into by and among 3DX Industries, Inc., a Nevada corporation (“3DX” or the “Purchaser”),
and Roger Janssen, an individual (“Janssen” or the "Seller"). Each of the parties to this
Agreement is referred to herein individually as a “Party” or collectively as the “Parties.”

 

RECITALS

 

WHEREAS,
the Seller desires to sell and Purchaser desires to purchase that certain Equipment owned by Seller, as specifically set forth
in the attached Schedule A (the “Equipment”);

 

WHEREAS,
the Parties hereto wish to provide for the terms and conditions upon which the Purchaser will acquire the Equipment from the Seller;

 

WHEREAS,
Seller acknowledges that any and all rights, title and/or privilege are being forever discharged, sold and transferred to
Purchaser;

 

WHEREAS,
Seller desires to sell to Purchaser and Purchaser desires to purchase the Equipment from Seller for an aggregate purchase price
of $500,000 USD pursuant to the terms and conditions set forth in this Agreement; and,

 

WHEREAS,
the foregoing recitals are true and accurate and express the intentions of the Parties hereto and are hereby incorporated by this
reference into the Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual promises, covenants, representations, warranties, and agreements
contained herein, and intending to be legally bound, the Seller and the Purchaser agree as follows:

ARTICLE I

 

SALE AND PURCHASE
OF EQUIPMENT

 

Section
1.01 Equipment to be Purchased. Upon satisfaction of all conditions to the obligations of the Parties contained
herein (other than such conditions as shall have been waived in accordance with the terms hereof), the Seller shall sell, transfer,
convey, assign and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, at the Closing (as defined in Section
2.01), all of the Equipment, as more specifically set forth in Schedule A hereto.

 

Section
1.02 Assumed Obligations. Except as expressly set forth in Section 1.03, the Purchaser shall have no responsibility
for any of the Seller’s obligations (including contracts, leases, product warranties, purchase orders and liabilities of
any type, kind or nature), whether fixed, accrued, contingent or otherwise, and whether arising in contract, in tort, by violation
of law, by operation of law, or otherwise, and all such obligations shall remain with the Seller and are herein referred to as
the “Excluded Obligations.” The Excluded Obligation shall include the debt for which any of the above Equipment
provide security, with the security to be cancelled at the same time as the Equipment themselves are transferred to the Purchaser,
so that the Equipment are received free and clear or any liens or encumbrances by the Purchaser.

 

Section
1.03 Consideration. The purchase price for the Equipment shall be an aggregate of USD$500,000 payable to Seller
in the form of a promissory note (the “Note”). The Note shall have the following terms and conditions:

 

		a.	Principal
                                                                                                    Amount Owed: The principal
                                                                                                    amount due to Seller by Purchaser
                                                                                                    shall equal $500,000 USD.

		b.	Maturity
                                                                                                    Date: The Note is payable
                                                                                                    on or before December 15,
                                                                                                    2018.

		c.	Interest
                                                                                                    Rate: The Note shall bear
                                                                                                    an interest rate of 1.64%
                                                                                                    per annum.

		d.	Payments:
                                                                                                    Interest on the Note shall
                                                                                                    be due and payable on a quarterly
                                                                                                    basis.

		e.	Transferability:
                                                                                                    The Note shall be transferable.

		f.	Conversion:
                                                                                                    At the Seller’s option,
                                                                                                    the Note shall entitled the
                                                                                                    holder to convert accrued
                                                                                                    principal and interest under
                                                                                                    the Note, in whole or in part,
                                                                                                    into restricted shares of
                                                                                                    the common stock of the Purchaser
                                                                                                    at a deemed conversion price
                                                                                                    of $0.50 USD per share. 

 

ARTICLE II

 

CLOSING; DOCUMENTS
OF CONVEYANCE

 

Section
2.01 Closing. The purchase and sale contemplated hereby shall be consummated at a closing (referred to herein
as the “Closing”) to be held at the offices of Purchaser on or before the 30th day after the Effective
Date of this Agreement (the “Closing Date”), provided that, if agreed amongst the attorneys for the Seller
and Purchaser, the purchase and sale contemplated hereby shall be consummated at a Closing by way of attorney undertakings. The
purchase and sale shall be deemed effective for all purposes as of the close of business on the Closing Date.

 

Section
2.02 Actions to be Taken at the Closing. At the Closing, the Parties will take the following actions and deliver
the following documents:

 

(a)
Seller will execute and deliver to Purchaser such instruments of conveyance and evidence of the transfer of title to the Equipment
from Seller to Purchaser as Purchaser may reasonably request;

 

(b)
Purchaser shall issue to Seller the Note in conformity with the terms and conditions set forth hrein; and,

 

(c)
Purchaser and Seller will each deliver to the others (to the extent applicable), all consents and approvals (including, without
limitation, resolutions and incumbency certificates of the directors and officers of each, and necessary minutes or resolutions
of the stockholders of each) required for each party to enter into this Agreement and consummate the transactions described herein.

 

All
instruments of conveyance shall be free of all Encumbrances except for any liens securing the Assumed Obligations and shall be
in form and content reasonably acceptable to counsel for the Purchaser and the Seller.

 

Section
2.03Transfer of Possession. Simultaneously with Closing, the Seller shall give the Purchaser full possession and
enjoyment of the Equipment.

 

ARTICLE III

 

DELIVERIES
AND DUE DILIGENCE PRIOR TO CLOSING

 

Section
3.01Seller Deliveries. Seller shall deliver to Purchaser, within five (5) days from the date of execution hereof,
any and all documentation relating to Seller's acquisition and ownership of the Equipment in the Seller’s possession. On
the Closing Date, Seller shall deliver any and all documentation relating to the Equipment. Such documentation shall include all
papers, documents, computerized databases and records of Seller relating to the Equipment in the Seller’s possession, including
without limitation all corporate, marketing records, purchase records, accounting and financial records and maintenance and production
records, documents and information relating to the production and manufacturing, including "know-how," trade secrets,
and other reasonable documents as requested by Purchaser relating to the Equipment. The Seller’s Deliveries shall be treated
as confidential information and if for any reason the Seller’s Deliveries are delivered to the Purchaser, but the transaction
does not complete, all Sellers Deliveries will be returned to the Seller, and the Purchaser will not retain, directly or indirectly,
any copies thereof.

 

ARTICLE IV

 

REPRESENTATIONS
AND WARRANTIES OF PURCHASER

 

The
Purchaser represents and warrants to the Seller and covenants with the Seller, as follows as of the date hereof and as of the
Closing Date:

 

Section
4.01 Organization, Standing and Power.
Purchaser is duly incorporated,
validly existing and in good standing under the laws of the State of Nevada and has full corporate power and authority and possesses
all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise
hold its properties and assets and to conduct its businesses as presently conducted, other than such franchises, licenses, permits,
authorizations and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected
to have a material adverse effect on Purchaser, a material adverse effect on the ability of Purchaser to perform its obligations
under this Agreement or on the ability of Purchaser to consummate the Transactions (a “Purchaser Material Adverse Effect”).
Purchaser is duly qualified to do business in each jurisdiction where the nature of its business or its ownership or leasing of
its properties make such qualification necessary and where the failure to so qualify would reasonably be expected to have a Purchaser
Material Adverse Effect. 

 

Section
4.02 Authority; Execution and Delivery.
The execution and delivery
by the Purchaser of this Agreement and the consummation by the Purchaser of the acquisition contemplated herein have been duly
authorized and approved by the Board of Directors of the Purchaser and no other corporate proceedings on the part of the Purchaser
are necessary to authorize this Agreement. This Agreement constitutes a legal, valid and binding obligation of the Purchaser,
enforceable against the Purchaser in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general
principals of equity.

 

Section
4.03 No Conflicts; Consents.
The execution and delivery by Purchaser of this Agreement, does not and will not, conflict with or result in any violation of
or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration
of any obligation or to loss of a material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements
of any person under, or result in the creation of any lien or encumbrance upon the Equipment.

 

Section
4.04 Compliance with Laws. To the best knowledge of Purchaser, it and each of its subsidiaries has at all times
conducted its business in compliance with all applicable laws, regulations, ordinances and other requirements of all Governmental
Bodies (including applicable federal, state and local laws, rules and regulations respecting occupational safety and health standards).
Purchaser has not received any notice, advice, claim or complaint from any employee or Governmental Body that Purchaser or any
subsidiary has not conducted, or is not presently conducting, its business and operations in accordance with all applicable laws
and other requirements of Governmental Bodies.

 

Section
4.05Authority; Binding Nature of Agreement. Purchaser has the absolute and unrestricted right, power and authority
to enter into and to perform its obligations under this Agreement; the execution, delivery and performance by Purchaser of this
Agreement have been duly authorized by all necessary action on the part of Purchaser and its board of directors; and the approval
of Purchaser’s shareholders is not required. This Agreement constitutes the legal, valid and binding obligation of Purchaser,
enforceable against it in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency
and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.
At the Closing, Purchaser will deliver to Seller such evidence of the authorization of its execution, delivery, and performance
of this Agreement as Seller may reasonably request.

 

Section
4.06No Additional Agreements.
The Purchaser does not have any agreement or understanding with the Seller with respect to the transactions contemplated by this
Agreement other than as specified in this Agreement or the Note.

Section
4.07Foreign Corrupt Practices.
Neither the Purchaser, nor, to the Purchaser’s knowledge, any director, officer, agent, employee or other person acting
on behalf of the Purchaser has, in the course of its actions for, or on behalf of, the Purchaser (i) used any corporate funds
for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii) made any
direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated
or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any unlawful
bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or
employee.

Section
4.08Full Disclosure. This Agreement, and all documents delivered by Purchaser to Seller in connection with the
transactions contemplated herein, do not (i) contain any representation, warranty or information that is false or misleading with
respect to any material fact, or (ii) omit to state any material fact necessary in order to make the representations, warranties
and information contained and to be contained herein and therein not false or misleading.

 

 

ARTICLE V

 

REPRESENTATIONS
AND WARRANTIES OF SELLER

 

The
Seller represents and warrants to and for the benefit of Purchaser as follows as of the date hereof and as of the Closing Date:

 

Section
5.01Right to Enter into Agreement. The Seller has the power and authority to enter into this Agreement and
dispose of, sell, transfer, convey, assign and deliver the Equipment, as provided in Schedule A attached hereto and are free and
clear of any liens, of any kind as provided herein.

 

Section
5.02Organization, Standing and Power. The Seller has the power and authority and possesses all governmental
franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties
and assets and to conduct its business as presently conducted, other than such franchises, licenses, permits, authorizations and
approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material
adverse effect on the Seller, a material adverse effect on the ability of the Seller to perform its obligations under this Agreement
or on the ability of the Seller to consummate the transactions contemplated herein (a “Seller Material Adverse Effect”).
The Seller is duly qualified to do business in each jurisdiction where the nature of its business or its ownership or leasing
of its properties make such qualification necessary except where the failure to so qualify would not reasonably be expected to
have a Seller Material Adverse Effect.

 

Section
5.03Authority; Execution and Delivery. The Seller has all requisite power and authority to execute and deliver
this Agreement and to consummate the transactions contemplated herein. When executed and delivered, this Agreement will be enforceable
against the Seller in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium
and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals
of equity.

 

Section
5.04Assets. Seller has, and will have at the Closing, good, valid and marketable title to all of the Equipment,
free and clear of any liens. Seller has not sold, transferred, assigned or conveyed any of its right, title and interest, or granted
or entered into any option to purchase or acquire any of its right, title or interest, in and to any of Equipment. No third party
has any option or right to acquire any of the Equipment.

 

Section
5.05 Compliance with Laws. To the best knowledge of Seller, it has at all time conducted its business in compliance
with all applicable laws, regulations, ordinances and other requirements of all governmental bodies (including applicable federal,
state and local laws, rules and regulations respecting occupational safety and health standards). Seller has not received any
notice, advice, claim or complaint from any employee or Governmental Body that Seller has not conducted, or is not presently conducting,
its business and operations in accordance with all applicable laws and other requirements of governmental bodies.

 

Section
5.06 Authority; Binding Nature of Agreement. Seller has the absolute and unrestricted right, power and authority
to enter into and to perform its obligations under this Agreement; and the execution, delivery and performance by Seller of this
Agreement has been duly authorized by all necessary action on the part of Seller. This Agreement constitutes the legal, valid
and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to (i) laws of general application
relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive
relief and other equitable remedies. At the Closing, Seller will deliver to Purchaser such evidence of the authorization of Seller’s
execution, delivery, and performance of this Agreement as Purchaser may reasonably request.

 

Section
5.07 Non-Contravention. Neither (i) the execution, delivery or performance of this Agreement or any of the other
agreements referred to in this Agreement, nor (ii) the consummation of any of the transactions contemplated by this Agreement,
will directly or indirectly (with or without notice or lapse of time):

 

(a)
contravene, conflict with or result in a violation of, or give any governmental body or other Person the right to challenge
any of the transactions contemplated by this Agreement or to exercise any remedy or obtain any relief under any legal requirement
or any order, writ, injunction, judgment or decree to which Seller, or any of the Equipment is subject; or

 

(b)
contravene, conflict with or result in a violation or breach of, or result in a default under, any provision of any contract
to which Seller is a party, or give any Person the right to (i) declare a default or exercise any remedy under any contract to
which Seller is a party, (ii) accelerate the maturity or performance of any contract to which Seller is a party, or (iii) cancel,
terminate or modify any contract to which Seller is a party.

 

Seller
is not and will not be required to make any filing with or given any notice to, or to obtain any consent from, any person in connection
with (x) the execution, delivery or performance of this Agreement or any of the other agreements referred to in this Agreement,
or (y) the consummation of any of the transactions contemplated by this Agreement, except to the extent the consent of third parties
may be required in connection with the assignment of the Equipment.

 

Section
5.08Brokers. No broker, investment banker, financial advisor or other person is entitled to any broker’s,
finder’s, financial advisor’s or other similar fee or commission in connection with the acquisition of the Equipment
based upon arrangements made by or on behalf of the Seller.

 

Section
5.09Investment Company. The Seller is not, and is not an affiliate of, and immediately following the Closing will
not have become, an “Investment Company” within the meaning of the Investment Seller Act of 1940, as amended.

 

Section
5.10Full Disclosure. This Agreement, and all documents delivered by Seller to Purchaser in connection with the
transactions contemplated herein, do not (i) contain any representation, warranty or information that is false or misleading with
respect to any material fact, or (ii) omit to state any material fact necessary in order to make the representations, warranties
and information contained and to be contained herein and therein not false or misleading. Purchaser has completed its due diligence
investigation of Seller.

 

ARTICLE
VI

DELIVERIES
AND CONDUCT OF THE PARTIES AFTER CLOSING

 

Section
6.01 Deliveries of the Purchaser.

(a)At
or prior to the Closing, the Purchaser shall deliver to the Seller:

(i)
a copy of this Agreement executed by Purchaser; and

(ii)
the Note.

(b)Deliveries
of the Seller. At or prior to the Closing, the Seller shall deliver
to the Purchaser:

(i)a
copy of this Agreement executed by Seller;

(ii)any
and all documentation relating to the Equipment;

(iii)all
of the Bills of Sale, deeds, assignments and other conveyance and transfer documentation required for conveyance of the Equipment
from Seller to Purchaser; and,

Section
6.02 Cooperation.  The Purchaser and the Seller will cooperate upon and after the Closing Date in effecting the
orderly transfer of the Equipment to the Purchaser. Without limiting the generality of the foregoing, the Seller, at the request
of the Purchaser without additional consideration, but with reimbursement for all additional expenses incurred by the Seller preparing
such documentation, will execute and deliver from time to time such further instruments of assignment, conveyance and transfer,
will sign any documents necessary or useful to ensure that all of the right, title and interest in and to the Equipment vests
in the Purchaser, will cooperate in the conduct of litigation and the processing and collection of insurance claims, and will
take such other actions as may reasonably be required to convey and deliver to the Purchaser more effective title to the Equipment,
or to confirm and perfect the Purchaser’s title thereto, as contemplated by this Agreement.

 

ARTICLE VII

 

CONDITIONS
PRECEDENT TO OBLIGATIONS OF PURCHASER.

 

The
obligations of Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or
prior to the Closing, of each of the following conditions:

 

Section
7.01 Accuracy of Representations. Each of the representations and warranties made by Seller in this Agreement and
in each of the other agreements and instruments delivered to Purchaser and Purchaser in connection with the transactions contemplated
by this Agreement shall have been materially accurate in all respects as of the date of this Agreement, and shall be materially
accurate in all respects as of the Closing Date as if made on the Closing Date.

 

Section
7.02 Performance of Covenants. Each covenant or obligation that Seller is required to comply with or to perform
at or prior to the Closing shall have been materially complied with.

 

Section
7.03 Consents. All Consents required to be obtained in connection with the transactions contemplated by this Agreement
shall have been obtained and shall be in full force and effect.

 

ARTICLE VIII

 

CONDITIONS
PRECEDENT TO OBLIGATIONS OF SELLER.

 

The
obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior
to the Closing, of the following conditions:

 

Section
8.01 Accuracy of Representations. Each of the representations and warranties made by Purchaser in this Agreement
and in each of the other agreements and instruments delivered to Seller in connection with the transactions contemplated by this
Agreement shall have been accurate in all respects as of the date of this Agreement, and shall be accurate in all respects as
of the Closing Date as if made on the Closing Date.

 

Section
8.02 Performance of Covenants. All of the covenants and obligations that Purchaser is required to comply with or
to perform at or prior to the Closing shall have been complied with and performed in all respects.

 

Section
8.03 Consents. All Consents required to be obtained in connection with the transactions contemplated by this Agreement
shall have been obtained and shall be in full force and effect.

 

ARTICLE IX

 

MISCELLANEOUS

 

Section
9.01 Further Assurances. Each party hereto shall execute and cause to be delivered to each other party hereto such
instruments and other documents, and shall take such other actions, as such other party may reasonably request (prior to, at,
or after the Closing) for the purpose of carrying out or evidencing any of the transactions contemplated by this Agreement.

 

Section
9.02 Fees and Expenses. All fees, costs and expenses (including legal fees and accounting fees) that have been
incurred or that are incurred in the future by any party in connection with the transactions contemplated by this Agreement, including
all fees, costs and expenses incurred by such party in connection with or by virtue of (a) any investigation and review conducted
by such party of the other party’s business (and the furnishing of information in connection with such investigation and
review), (b) the negotiation, preparation and review of this Agreement and all agreements, certificates, opinions and other instruments
and documents delivered or to be delivered in connection with the transactions contemplated by this Agreement, (c) the preparation
and submission of any filing or notice required to be made or given in connection with any of the transactions contemplated by
this Agreement, and the obtaining of any Consent required to be obtained in connection with any of such transactions, and (d)
the consummation of the transactions contemplated hereby shall be paid: (i) by Purchaser, if incurred by Purchaser; and (ii) by
Seller, if incurred by Seller.

 

Section
9.03 Attorneys’ Fees. If any action or proceeding relating to this Agreement or the enforcement of any provision
of this Agreement is brought against any party hereto, the prevailing party shall be entitled to recover reasonable attorneys’
fees, costs and disbursements (in addition to any other relief to which the prevailing party may be entitled).

 

Section
9.04 Notices. Any notice or other communication required or permitted to be delivered to any party under this Agreement
shall be in writing and shall be deemed properly delivered, given and received when delivered (by hand, by registered mail, by
courier or express delivery service or by facsimile) to the address or facsimile telephone number set forth beneath the name of
such party below (or to such other address or facsimile telephone number as such party shall have specified in a written notice
given to the other parties hereto):

 

If
to the Purchaser, to:

 

3DX Industries
Inc.

_________________________

_________________________

_________________________

 

If
to the Seller, to:

Roger
Janssen

_________________________

_________________________

_________________________

 

Section
9.05Termination.

(a)Termination
of Agreement. The Parties may terminate this Agreement as provided below:

(i)The
Purchaser may terminate this Agreement by giving written notice to the Seller at any time prior to the Closing in the event the
Seller has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, the
Purchaser has notified the Seller of the breach, and the breach has continued without cure for a period of twenty days after the
notice of breach;

(ii)The
Seller may terminate this Agreement by giving written notice to the Purchaser at any time prior to the Closing in the event the
Purchaser has breached any material representation, warranty, or covenant contained in this Agreement in any material respect,
the Seller has notified the Purchaser of the breach, and the breach has continued without cure for a period of twenty days after
the notice of breach.

(b)Effect
of Termination. If any Party terminates this Agreement pursuant to this Section 9.05 above, all rights and obligations
of the Parties hereunder shall terminate without any liability of any Party to any other Party to consummate its obligations hereunder
or to complete the transactions contemplated by this Agreement, except for any liability of any Party then in breach.

Section
9.06Remedies. In addition to being entitled to exercise
all rights provided herein or granted by law, including recovery of damages, the Purchaser and the Seller will be entitled to
specific performance under this Agreement. The Parties agree that monetary damages may not be adequate compensation for any loss
incurred by reason of any breach of obligations described in the foregoing sentence and hereby agrees to waive in any action for
specific performance of any such obligation the defense that a remedy at law would be adequate.

Section
9.07Interpretation. When a reference is made in this Agreement
to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words “include”,
“includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words
“without limitation”.

Section
9.08Severability. If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule or Law, or public policy, all other conditions and provisions
of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions
contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that Transactions
contemplated hereby are fulfilled to the extent possible.

Section
9.09Counterparts; Facsimile Execution.
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 or more counterparts have been signed by each of the Parties and delivered to the other Parties. Facsimile
execution and delivery of this Agreement is legal, valid and binding for all purposes.

Section
9.10Entire Agreement; Third Party Beneficiaries.
This Agreement, taken together with the Exhibits and Schedules hereto, (a) constitute the entire agreement, and supersede
all prior agreements and understandings, both written and oral, among the Parties with respect to the transactions and (b) are
not intended to confer upon any person other than the Parties any rights or remedies.

Section
9.11Governing Law.
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada, regardless of the laws
that might otherwise govern under applicable principles of conflicts of laws thereof. Each of the parties hereto hereby irrevocably
and unconditionally agrees (i) that it is and shall continue to be subject to the jurisdiction of the courts of the State
of Nevada and of the federal courts sitting in the State of Nevada, and (ii)(A) to the extent that such party is not otherwise
subject to service of process in the State of Nevada, to appoint and maintain an agent in the State of Nevada as such party’s
agent for acceptance of legal process and notify the other parties hereto of the name and address of such agent, and (B) to
the fullest extent permitted by law, that service of process may also be made on such party by prepaid certified mail with a proof
of mailing receipt validated by the U.S. Postal Service constituting evidence of valid service, and that, to the fullest extent
permitted by applicable law, service made pursuant to (ii)(A) or (B) above shall have the same legal force and effect as if served
upon such party personally within the State of Nevada.

Section
9.12Assignment. This Agreement will be binding upon, inure
to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.

Section
9.13Remedies Cumulative; Specific Performance. The rights and remedies of the parties hereto shall be cumulative
(and not alternative). The parties to this Agreement agree that, in the event of any breach or threatened breach by any party
to this Agreement of any covenant, obligation or other provision set forth in this Agreement for the benefit of any other party
to this Agreement, such other party shall be entitled (in addition to any other remedy that may be available to it) to (a) a decree
or order of specific performance or mandamus to enforce the observance and performance of such covenant, obligation or other provision,
and (b) an injunction restraining such breach or threatened breach.

 

Section
9.14 Waiver.

 

(a)
No failure on the part of any party to exercise any power, right, privilege or remedy under this Agreement, and no delay on
the part of any party in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such
power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude
any other or further exercise thereof or of any other power, right, privilege or remedy.

 

(b)
No party shall be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy
under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument
duly executed and delivered on behalf of such party; and any such waiver shall not be applicable or have any effect except in
the specific instance in which it is given.

 

Section
9.15 Amendments. This Agreement may not be amended, modified, altered or supplemented other than by means of a
written instrument duly executed and delivered on behalf of all of the parties hereto.

 

 

 

 

 

 

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

    	 

    

The parties hereto
have caused this Agreement to be executed and delivered as of the date first above written.

 

The Purchaser:

3DX Industries, Inc.

a Nevada corporation

By: _______________________________

Name:

Title:

The Seller:

Roger Janssen

an individual

By: ________________________________

Name:
Roger Janssen

 

 

 

 

 

 

    	 

    	 

    

EXHIBIT A

 

EQUIPMENT
PURCHASED

 

1)   
                          Alliant Manual Mill w/ Read out

2)
  Bridgeport Manual Mill

3)
  Fanuc Rob Drill P009TL215-16IM 1999

4)
  Fanuc Rob Drill P014TL103-16IM 2001

5)
  Brown & Sharpe Validator 700-7100-2286 

6)
  Acroloc CNC Machine 87111905 - 40" X Travel

7)
  Acroloc CNC Machine 85121755 - 40" X Travel

8)   Acroloc CNC Machine 85101720 - 40" X Travel

9)
  Acroloc CNC Machine 382031123 - 40" X Travel

10)
Acroloc CNC Machine 8811010228 - 96" X Travel 

11)
Acroloc CNC Machine 89052096 - 40" X Travel

12)
Acroloc CNC Machine 3850316123 - 40" X Travel

13)
Acroloc CNC Machine 88102003 - 40" X Travel 

14)
Acroloc CNC Machine 781099977 - 40" X Travel

15)
Matsura MC760 - MX2 1983

16)
Matsura MC760 - MX5 1985

17)
Matsura MC760 - MX2 1983

18)
Cincinnati SABRE 2000 30 x 32 x 80 - Acramatic 2100 197

19)
Hardinge ToolRoom Lathe

20)
KBC OD Grinder Model LF-800G

21)
Smart Sonic Cleaner Model 2000

22)
Tooling

23)
Software

    	 

    	 

    

EXHIBIT B

 

BILL OF SALE
AND ASSIGNMENT

 

KNOW
ALL MEN BY THESE PRESENTS THAT, for value received, the undersigned, Roger Janssen, an individual (“Seller”),
does hereby sell, assign, convey and transfer unto 3DX Industries, Inc., a Nevada corporation (“Purchaser”),
all of Seller’s right, title and interest in and to the property more particularly described on Schedule A attached hereto
and made a part hereof.

 

Seller
hereby warrants to Purchaser, its successors and assigns, that Seller is the rightful owner of the property conveyed; that Seller
is conveying to Purchaser good and merchantable title to all of the property conveyed, free and clear of all liabilities, obligations,
claims, and encumbrances of any kind or nature; and that Seller (and Seller’s successors and assigns) will warrant and defend
this sale against the claims and demands of all persons whomsoever.

 

Seller
hereby covenants and agrees that it will, at the request of Purchaser and without further consideration, execute and deliver,
and will cause its employees to execute and deliver, such other instruments of sale, transfer, conveyance and assignment, and
take such other action as may be reasonably necessary to vest in Purchaser, its successors and assigns, good and merchantable
title to the property conveyed, free and clear of all liabilities, obligations, claims, and encumbrances of any kind or nature
and to put Purchaser in control and possession thereof.

 

Seller
does hereby irrevocably constitute Purchaser, its successors and assigns, as Seller’s true and lawful attorney-in-fact,
with full power of substitution, in Seller’s or Purchaser’s name, to claim, demand, collect and receive the property
conveyed.

 

This
instrument shall be binding on Seller and its successors and assigns, and shall inure to the benefit of Purchaser and its successors
and assigns.

 

Dated
this ___day of ________, 2013.

 

 

SELLER:

 

 

ROGER JANSSEN

 

 

By:____________________________

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