Document:

form8k040708ex10-1.htm

    

     

    

     

     

    

     

     

    

     

     

    

     

     

    

     

     

    ASSET
PURCHASE AGREEMENT

     

     

    

     

     

    DATED

     

     

    

     

     

    APRIL6,
2008

     

     

    

     

     

    BY
AND BETWEEN

     

     

    

     

     

    GLOBAL
GENERAL TECHNOLOGIES, INC., A NEVADA CORPORATION

     

     

    

     

     

    AND

     

     

    

     

     

    SMARTWEAR
TECHNOLOGIES, INC., A DELAWARE CORPORATION

     

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TABLE
OF CONTENT

     

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    ASSET
PURCHASE AGREEMENT

     

     

    

     

     

    This
Asset Purchase Agreement (the “Agreement”) is entered into as of this 6th day of
April 2008 (“Execution Date”), by and between Global General Technologies, Inc.
(“GLGT”), a corporation organized under the laws of the State of Nevada and
having a place of business at 201 South Biscayne Blvd, Miami, FL 33410 and
SmartWear Technologies, Inc., (“SWT”), a Delaware corporation having its
principal place of business at __________________, Henderson,
Nevada.

     

     

    

     

     

    RECITALS

     

     

    

     

     

    SWT is
currently in the business of, among other things, inventing, developing,
designing and licensing the manufacture, marketing and sale, of proprietary
wearable Radio Frequency Identification (RFID) and Global Positioning Devices
(GPS) and the systems and solutions that use those devices, which business is
operated under the d.b.a. name “SmartWear Technologies”;

     

     

    SWT
desires to sell to GLGT and GLGT desires to acquire certain tangible and
intangible assets of SWT related to the business of SmartWear Technologies, upon
the terms and subject to the conditions hereinafter set forth; and

     

     

    On the
Closing Date, SWT intends to transfer all of such assets to GLGT as good and
valuable consideration for the issuance of shares of Convertible Preferred Stock
of GLGT to SWT.

     

     

    NOW,
THEREFORE, in consideration of the mutual representations, warranties and
covenants, and other terms and conditions, set forth herein, GLGT and SWT (each
a “Party” and together the “Parties”) agree as follows:

     

     

    

     

     

    
      	
              ARTICLE
      I

            	
              DEFINITIONS

            

    

     

     

    Section
1.01 Definitions.

     

     

    Capitalized
terms used herein and not otherwise defined shall have the following
meanings:

     

     

    (a) “SWT Transferred Assets” means
those assets of SWT described in Schedule
A hereof. SWT Transferred Assets also include the Intellectual Property
of SWT, the Intellectual Rights of SWT and the rights to Use such Intellectual
Property and Intellectual Rights of SWT.

     

     

    (b) “Excluded Assets” means those
Assets of SWT described in Schedule
A hereof.

     

     

    (c) “Assumed Liabilities” means
those liabilities of SWT described in Schedule
B hereof.

     

     

    (d) “Affiliate” of any Person
means any other Person who directly or indirectly controls, is controlled by or
is under common control with, such Person. The term “control” (including its
correlative meanings “controlled by” and “under common control with”) means
possession, directly or indirectly, of power to direct or cause the direction of
management, business affairs, or policies (whether through ownership of
Securities or partnership or other ownership interests, by contract or
otherwise).

     

     

    (e) “Business Day” means any day
(other than a day which is a Saturday, Sunday or legal holiday in the State of
New York or Nevada) on which banks are open for business in Henderson,
Nevada.

     

     

    (f) “Closing” means the
Preliminary Closing and the Final Closing (collectively) and the closing of all
the transactions required for said Preliminary and Final Closing, as described
in Section
2.4
of this Agreement.

     

     

    (g) “Closing Date” means the date
on which the Final Closing occurs.

     

     

    (h) “Dollars” or “$” means U.S.
dollars.

     

     

    (i) “GAAP” means U.S. generally
accepted accounting principles.

     

     

    (j) “Governmental Action” means
any authorization, consent, approval, order, waiver, exception, variance,
franchise, permission, permit or license of, or any registration, filing or
declaration with, by or in respect of, any Governmental Authority.

     

     

    (k) “Governmental Authority” means
any national, federal, state or local governmental Person, authority, agency,
court, regulatory commission or other governmental body in the United States, or
other applicable jurisdiction, or any stock exchange or automated quotation
system having authority with respect to the applicable matter.

     

     

    (l) “Governmental Rule” means any
statute, law, treaty, rule, code, ordinance, regulation, license, permit,
certificate or order of any Governmental Authority or any judgment, decree,
injunction, writ, order or like action of any court or other judicial or
quasi-judicial tribunal.

     

     

    (m) “Confidential Information”
means any and all information exchanged between the Parties at any time prior
and until the Closing Date (including any discussions) for the purpose of this
Agreement and the transactions hereto, excluding any information that was: (i)
already known to the Party receiving the information (the “Recipient”) prior to
receipt thereof from the Party disclosing the information ( the “Discloser”);
(ii) rightfully received by Recipient in good faith from a third party not
having an obligation of confidentiality; (iii) is or becomes known to the public
without breach of this Agreement; (iv) independently developed by Recipient
without the use of any of Discloser’s Confidential Information or any breach of
this Agreement so long as such independent development can be clearly documented
and verified; or (v) required to be disclosed to any government agency or court
of competent jurisdiction by written order, subpoena or decree, or by operation
of law, provided Recipient uses diligent and reasonable efforts to limit
disclosure and promptly notifies Discloser in writing of such court order in
order to give Discloser a reasonable period of time  to oppose said
order.

     

     

    (n) “Intellectual Property” means
all Intellectual Property owned or licensed or filed by SWT or used or held for
use in the SWT’s business, whether registered or unregistered or domestic or
foreign, transferred to GLGT and described in Schedule A
- hereof.

     

     

    (o) “Intellectual Property Rights”
means without limitation any and all proprietary rights with respect to
intellectual property provided under (i) patent law, (ii) copyright law, (iii)
trademark law, (iv) design patent or industrial design law, (v) semi-conductor
chip or mask work law, or (vi) any other statutory provision or common law
principle applicable to this Agreement which may provide a right, title or
interest in and to any patents, patent applications and other patent rights;
copyrights, copyright registrations and copyright rights (including, but not
limited to, copyrights, copyright registrations and other copyright rights with
respect to computer software, firmware, programming tools, drawings,
specifications, databases and documentation) mask work rights and other rights
with respect to semiconductors; trade secrets and other rights with respect to
confidential or proprietary information; and any other type of intellectual
property rights with respect to ideas, inventions, discoveries, creations,
formulae, algorithms, concepts, designs, source code, integrated circuit
topographies, as well as design rights, improvements, know how, formulae,
processes, technical information, data bases, and other technology; whether or
not subject to statutory registration or protection, including without
limitation, trademarks, service marks, registration thereof or application for
registration therefore, and all derivations thereof, domain names, and all
embodiments and fixations thereof and related documentation, registrations and
all additions, improvements and accessions thereto and all rights under any
license or other arrangement with respect to the foregoing  For the
purpose of this Agreement, all references to “Intellectual Property Rights”
shall refer to Intellectual Property Rights of SWT.

     

     

    (p) “Use” means, with respect to
any Intellectual Property Rights or any embodiments thereof (including, but not
limited to, any computer software and other copyrightable subject matter, any
RFID or GPS technology and materials related thereto, and other technology, in
tangible, intangible or other form), the rights to (a) to reproduce, distribute,
perform and display (publicly or otherwise), prepare derivative works of, make
(or have made) any product or process based on, using or otherwise subject to
such Intellectual Property Rights or any such embodiment, and otherwise to use
and exploit such Intellectual Property Rights; (b) to grant licenses (with the
right to grant sublicenses) of the right to do the same; and (c) to assign any
such Intellectual Property Rights.

     

     

    (q) “Lien” means, with respect to
any asset, any mortgage, lien, pledge, charge, security interest or encumbrance
of any kind with respect of any such asset, including any agreement to give any
of the foregoing and any conditional sale and including any noting agreement or
proxy.

     

     

    (r) “Person” means any individual,
firm, company, corporation, unincorporated association, partnership, trust,
joint venture, Governmental Authority or other entity, and shall include any
successor (by merger or otherwise) of any such entity.

     

     

    (s) “Person’s Knowledge” or “to a Person’s Best Knowledge”
or phrases and words of similar import, means that when a statement is made in
this Agreement to a “Person’s knowledge” or is qualified by, a Person’s “best
knowledge” of a given fact, event or circumstance at issue, the phrase means, if
such Person is a natural person, such natural person (or, if such Person is not
a natural person, the Chief Executive Officer, Chief Financial Officer or any
other officer of such Person or an Affiliate thereof), the sort of information
that such Person, who, in the normal performance of his or her duties, knew or
should have known of such fact, event or circumstance at issue.

     

     

    (t) “Security” or “Securities” means any note,
stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of
interest or participation in any profit-sharing agreement, collateral- trust
certificate, pre-organization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of deposit for a
security, fractional undivided interest in oil, gas, or other mineral rights,
any put, call, straddle, option, or privilege on any security, certificate of
deposit, or group or index of securities (including any interest therein or
based on the value thereof), or any put, call, straddle, option, or privilege
entered into on a national securities exchange relating to foreign currency, or,
in general, any interest or instrument commonly known as a “security”, or any
certificate of interest or participation in, temporary or interim certificate
for, receipt for, guarantee of, or warrant or right to subscribe to or purchase,
any of the foregoing, including an Interest in GLGT.

     

     

    (u) “GLGT Preferred Stock” or
“GLGT Preferred Shares”
means 10,000,000
authorized but unissued shares of GLGT Preferred Stock, Par Value $0.001
per share, the designation of which Class, the number of shares in the Class,
and the voting powers, designations, preferences, limitations, restrictions and
relative rights of the Class are as set forth in Schedule C
-Terms of the GLGT Preferred Stock hereof.

     

     

    (v)  “Reverse Split” means
that corporate procedure whereby the number of outstanding shares of a given
class of securities of a corporation is reduced by a given formula, while the
number of authorized shares of the class remains the same.

     

     

    (w) “Unaudited Financial Statements of
SWT” means, and includes, all of the following financial statements of
SWT as set forth in Schedule D
– Unaudited Financial Statements of SWT, hereof.

     

     

    (i) unaudited
consolidated balance sheet and Profit & Loss Statement of SWT as of June 30,
2007;

     

     

    (ii) unaudited
consolidated balance sheet and Profit & Loss Statement of SWT as of December
31, 2007.

     

     

    (x) “Audited Financial Statements of
SWT” means, and includes, all of the following financial statements of
SWT as shall be set forth in Schedule E
– Audited Financial Statements of SWT, hereof.

     

     

    (y) “Exchange Act” means the
Securities and Exchange Act of 1934, as amended.

     

     

    (z) “Securities Act” means the
Securities Act of 1933, as amended.

     

     

    Section
1.02 Schedules and
Exhibits.

     

     

    The
following Schedules and Exhibits are attached to an incorporated into this
Agreement by reference and deemed to be part hereof:

     

     

    Schedule
A                                SWT
Assets

     

     

    Schedule
B                                SWT
Assumed Liabilities

     

     

    Schedule
C                                Terms
of the GLGT Preferred Stock

     

     

    Schedule
D                                Unaudited
Financial Statements of SWT

     

     

    Schedule
E                                Audited
Financial Statements of SWT

     

     

    Schedule
F                                Resolution
of the Board of Directors of GLGT

     

     

    Schedule
G                                Resolution
of the Board of Directors of SWT

     

     

    Schedule
H                                Resolution
of the Shareholders of SWT

     

     

    Schedule
I                                Covenants
of GLGT

     

     

    

     

     

    ARTICLE
II                                       PURCHASE
OF SWT TRANSFERRED ASSETS

     

     

    Section
2.01 Purchase and Sale of
Transferred Assets.

     

     

    On the
terms and subject to the conditions set forth in this Agreement, on the Closing
Date, GLGT shall purchase from SWT, and SWT shall sell, transfer, assign, convey
and deliver to GLGT, all right, title and interest of SWT in, to and under all
of the SWT Transferred Assets, free and clear of all Liens and free and clear of
all liabilities

     

     

    Section
2.02 Assumption of
Liabilities.

     

     

    No
liabilities of SWT, whether absolute, contingent or otherwise, are assumed by
GLGT pursuant to this Agreement or otherwise.

     

     

    Section
2.03 Payment for the SWT
Transferred Assets.

     

     

    On the
terms and subject to the conditions set forth in this Agreement, on the Closing
Date:

     

     

    (a) SWT shall
transfer and assign to GLGT all right, title and interest in and deliver to GLGT
the SWT Transferred Assets; and

     

     

    (b) Simultaneously,
GLGT shall convey the GLGT Preferred Stock to SWT by delivering to SWT
Certificates evidencing ownership of the GLGT Preferred Stock registered in name
of SWT.

     

     

    Section
2.04 Preliminary Closing, Final
Closing and Closing Dates.

     

     

    (a) The
Preliminary Closing will be held on April 6th, 2008 (the “Preliminary Closing
Date”) at the offices of SWT in Henderson, Nevada; or at such other date, time
and place as the Parties mutually agree.

     

     

    (b) The Final
Closing will be held on April ______, 2008 (the “Closing Date”) at the offices
of SWT in Henderson, Nevada; or at such other date, time and place as the
Parties mutually agree.

     

     

    Section
2.05 Tax Liability Arising Out of
the Agreement.

     

     

    (A) SWT and
GLGT agree to waive compliance with all bulk transfer laws that may be
applicable to this transaction.

     

     

    (b) All
stamp, transfer, purchase, use, sale, income, realty transfer, registration or
any other taxes and fees (including any penalties and interest), federal, state
or local, arising out of the transactions contemplated by this Agreement imposed
by any Governmental Authority in the United States or any jurisdiction shall be
paid by the Party obligated to pay such taxes pursuant to applicable
law.

     

     

    

     

     

    ARTICLE
III                                       CERTAIN
COVENANTS OF GLGT & SWT

     

     

    Section
3.01 Covenants of
GLGT.

     

     

    (a) Regulatory
Filings
: GLGT
shall, as soon as practicable, prepare and file all audits, disclosures,
statements and other documents with the Securities and Exchange Commission to
bring GLGT into regulatory compliance with the Securities and Exchange
Commission.

     

     

    (b) Board
Resolutions of GLGT: On the Closing Date, GLGT shall deliver to SWT a
certified copy of the Resolutions of the Board of Directors of GLGT hereto
attached as Schedules C and
I.

     

     

    (c) Notice of
Certain Adverse Changes, Defaults or Claims: GLGT shall give prompt
notice to SWT of any material adverse change in the business, assets (including
intangible assets), liabilities, financial condition, operations, results of
operations or prospects (financial or otherwise) (a “Material Adverse Change”)
of GLGT, provided however, without prejudicing whether any matter qualifies as a
Material Adverse Change, that any matter involving (i) a transfer of any kind
(including without limitation a sale or assignment) of any Intellectual Property
Rights owned or Used by GLGT or (ii) a loss or payment in excess of $25,000
shall constitute a Material Adverse Change, per se, or any notice of default
received by GLGT subsequent to the date of this Agreement and prior to the
Closing Date under any instrument or agreement to which GLGT is a Party, or of
the assertion of any claim which, if upheld, would render inaccurate any
representation of GLGT herein.

     

     

    Section
3.02 Covenants of SWT.

     

     

    (a) Board
Resolutions of SWT: On the Closing Date, SWT
shall deliver to GLGT a certified copy of the Resolutions of the Board of
Directors of SWT hereto attached as Schedules G and
H.

     

     

    (b) Employee
Matters: SWT shall use reasonable
commercial efforts to cause the employees of SWT (the “SWT Employees”) and such
other SWT employees and consultants, if any, as the Parties may agree, to accept
offers of employment by GLGT on and as of the Closing Date. With respect to SWT
employees who accept such employment as of the Closing Date, SWT shall have no
liability to GLGT, except to the extent required by applicable employment law,
to the SWT employees with respect to employment after the Closing Date and,
except as the Parties may expressly otherwise agree in writing, any such
personnel employed by GLGT shall be independent of, and have no further
obligations to, SWT. With respect to SWT employees who accept such employment
with GLGT as of the Closing Date, all obligations of SWT to such SWT employees
accrued through the Closing Date, including obligations for salaries, sales
commissions, payroll taxes, fringe benefits and severance pay shall remain the
obligations of SWT.

     

     

    (c) Agreement
with Stephen Miller: GLGT and SWT understand
and acknowledge that:

     

     

    (i) Stephen
Miller, a third party not under any agreement with either Party, is the sole
individual with substantial knowledge of GLGT’s product named “Silent Soldier”
(and any other related technology and/or product) and, as such, the sole party
capable of providing information and support to the post Closing Board of
Directors of GLGT with regards to said Silent Soldier technology;

     

     

    (ii) Stephen
Miller desires to provide services to GLGT after the Closing Date of this
transaction, such services to include development and support of the Silent
Soldier product (the “Technology Support Services”);

     

     

    (iii) GLGT
shall, within five (5) Business days of the Closing Date enter into a Consulting
(or Employment Agreement) with Steven Miller (or a corporation so designated by
him) on terms and conditions to be mutually agreed to between Stephen Miller and
GLGT.

     

     

    (d) Conduct
of Business: From and after the
execution and delivery of this Agreement and until the Closing Date or the
termination of this Agreement, whichever shall first occur:

     

     

    (i) SWT shall
not engage in any activities or transactions involving its proprietary
technology without the prior written consent of GLGT, including, without
limitation, granting of license right or disposition of any of the SWT
Transferred Assets and termination of the employment of the SWT Employees or any
change in their current terms of employment, and

     

     

    (ii) SWT will
pay and discharge all liabilities and obligations related to the SWT Transferred
Assets, as they become payable, in accordance with its usual and customary
payment policies.

     

     

    (e) Notice of
Certain Adverse Changes, Defaults or Claims: SWT shall give prompt
notice to GLGT of any material adverse change in the business, assets (including
intangible assets), liabilities, financial condition, operations, results of
operations or prospects (financial or otherwise) (a “Material Adverse Change”)
of SWT, provided however, without prejudicing whether any matter qualifies as a
Material Adverse Change, that any matter involving (i) a transfer of any kind
(including without limitation a sale or assignment) of any Intellectual Property
Rights owned or Used by SWT or (ii) a loss or payment in excess of $25,000 shall
constitute a Material Adverse Change, per se, or any notice of default received
by SWT subsequent to the date of this Agreement and prior to the Closing Date
under any instrument or agreement to which SWT is a Party, or of the assertion
of any claim which, if upheld, would render inaccurate any representation of SWT
herein.

     

     

    (f) Consents:
SWT shall obtain the consent or approval of a majority of its shareholders and
of any third party whose consent or approval is required in connection with the
consummation by SWT of the transactions contemplated by this
Agreement.

     

     

    (g) Further
Assurances from SWT: SWT will, from time to time and without further
consideration, execute and deliver such other documents, instruments or
certificates of transfer, conveyance and assignment, and take such further
actions, as GLGT may reasonably request to effect the transfer, conveyance,
assignment or vesting in GLGT of the SWT Transferred Assets.

     

     

    

     

     

    ARTICLE
IV                                       CONDITIONS
PRECEDENT TO OBLIGATIONS OF THE PARTIES

     

     

    Section
4.01 Conditions to the
Obligations of GLGT.

     

     

    The obligation of GLGT to consummate
the transactions contemplated hereby is subject to and conditioned upon the
satisfaction of each of the following conditions, any or all of which may be
waived in writing in whole or in part by GLGT:

     

     

    (a) The
representations and warranties of SWT contained in this Agreement will be true
and correct as of the Closing Date in all material respects as though such
representations and warranties were made on and as of such Closing
Date.

     

     

    (b) SWT will
have performed and complied in all material respects with all agreements,
covenants and conditions on its part required by this Agreement to be performed
or complied with on or prior to the Closing Date.

     

     

    (c) No order
shall have been entered, and not vacated by a court of competent jurisdiction,
in any action or proceeding which enjoins, restrains or prohibits consummation
of the transactions contemplated by this Agreement.

     

     

    (d) No claim,
action, suit or other proceeding shall be pending before any court, which
creates any reasonable possibility that the consummation of this Agreement or
the transactions contemplated hereby will be restrained, enjoined or otherwise
prevented, or that any damages will be recovered or other relief obtained as a
result of this Agreement or the transactions contemplated hereby.

     

     

    (e) There
shall have been no Material Adverse Change affecting SWT (as defined in Section
3.2 (e),) and the SWT
Transferred Assets shall not have been adversely affected in any material way as
a result of SWT's actions or inaction.

     

     

    Section
4.02 Conditions to the
Obligations of SWT.

     

     

               The
obligation of SWT to consummate the transactions contemplated hereby is subject
to and conditioned upon the satisfaction of each of the following conditions,
any or all of which may be waived in writing in whole or in part by
SWT:

     

     

    (a) The
representations and warranties of GLGT contained in this Agreement will be true
and correct in all material respects on and as of the Closing Date as though
such representations and warranties were made at and as of such Closing
Date.

     

     

    (b) Subject
to Section
3.1
(a), GLGT will have performed and complied in all material respects with
all agreements, covenants and conditions on its part required by this Agreement
to be performed or complied with prior to or on the Closing Date.

     

     

    (c) No order
shall have been entered, and not vacated by a court of competent jurisdiction,
in any action or proceeding which enjoins, restrains or prohibits consummation
of the transactions contemplated by this Agreement.

     

     

    (d) No claim,
action, suit or other proceeding shall be pending before any court, creates any
reasonable possibility that the consummation of this Agreement or the
transactions contemplated hereby will be restrained, enjoined or otherwise
prevented, or that any damages will be recovered or other relief obtained as a
result of this Agreement or the transactions contemplated hereby.

     

     

    

     

     

    ARTICLE
V                               REPRESENTATIONS
AND WARRANTIES

     

     

    Section
5.01 Representation of Both
Parties.

     

     

    Each of
the Parties represents and warrants to the other Party as follows:

     

     

    (a) Organization
and Authority: It is a corporation duly
organized and validly existing under applicable laws, and has all requisite
corporate power and authority to carry on its business as now being conducted,
to execute and deliver this Agreement, and to consummate the transactions
contemplated hereby.

     

     

    (b) Authorization:
The execution and delivery of this Agreement and the documents and agreements
provided for herein, and the consummation by it of all transactions contemplated
hereby or thereby have been duly authorized by all requisite corporate action.
This Agreement, and all such other documents and agreements entered into and
undertaken in connection with the transactions contemplated hereby or thereby
constitute, or will constitute following the execution and delivery hereof and
thereof, valid and legally binding obligations of it, enforceable against it in
accordance with their respective terms, subject to applicable bankruptcy,
insolvency, reorganization and other laws affecting generally the enforcement of
the rights of creditors and subject to a court's discretionary authority with
respect to the granting of a decree ordering specific performance or other
equitable remedies; and

     

     

    (c) The
execution, delivery and performance by it of this Agreement, and the other
documents and agreements provided for herein, and the consummation by it of the
transactions contemplated hereby and thereby, will not, with or without the
giving of notice or the passage of time or both:

     

     

    (A) violate
the provisions of any Governmental Rule;

     

     

    (B) require
any notice, filing or other submission to any Governmental Authority, the
expiration of any waiting period with respect thereto, or any other Governmental
Action, other than under the Securities Exchange laws and
regulations;

     

     

    (C) violate
the provisions of its articles or certificate of Incorporation, bylaws, or other
charter or governing documents, or any resolution of its board of directors or
shareholders;

     

     

    (D) violate
any judgment, decree, order or award of any arbitrator, court or other
Governmental Authority; or

     

     

    (E) conflict
with or result in the breach or termination of any material term or provision
of, or constitute a default under, or cause any acceleration under, any material
license, indenture, mortgage, deed of trust, lease, contract, permit, or other
instrument or agreement by which it is bound, in each instance [of this clause
(E)] so as to have a material adverse effect on such Party's ability to carry on
its obligations under this Agreement.

     

     

    Section
5.02 Representations of
SWT.

     

     

    SWT
represents and warrants to GLGT as follows:

     

     

    (a) Intellectual
Property:
SWT owns or has rights to Use all Intellectual Property described on Schedule A
hereof, free and clear of any Lien. To the Best Knowledge of SWT, said
Intellectual Property and the Use of any Intellectual Property Rights related
hereto do not infringe on any third party’s intellectual property rights. Except
for licenses granted to its customers in the normal course of business. SWT has
not granted any outstanding licenses or other rights, or obligated itself to
grant licenses or other rights in or to any of its Intellectual
Property.

     

     

    (b) No
Adverse Claims:
SWT has not received notice of any pending or threatened actions, suits or
proceedings with respect to any of its Intellectual Property Rights subject to
this Agreement which could materially and adversely affect SWT Transferred
Assets or the transactions contemplated by this Agreement.

     

     

    (c) Good
Title to Assets:
SWT has good and marketable title to all of the SWT Transferred Assets other
than any leased physical assets, whether, personal, tangible or
intangible.  All of SWT Transferred Assets are free and clear of
restrictions on or conditions to transfer or assignment and free and clear of
mortgages, liens, pledges, encumbrances, claims, conditions or restrictions.

     

     

    (d) Absence
of Undisclosed Liabilities:
SWT has no material liability or obligation, either accrued, absolute,
contingent or otherwise, relating to SWT Transferred Assets.

     

     

    (e) Contracts:
SWT is not a party to or otherwise bound by the terms of any contract,
agreement, obligation or proposal (whether written or oral) in any way
materially affecting GLGT's right to Use any of the Intellectual Property Rights
and/or use any other of the SWT Transferred Assets.

     

     

    (f) Compliance
With Laws and Regulations:
SWT is not in violation of any federal, state, local or foreign statute, law,
rule or regulation which could be expected to materially interfere with GLGT's
ownership of (or right to Use) the SWT Transferred Assets. SWT is not presently
subject to any order, injunction or decree issued by any Governmental Authority
relating to its Transferred Assets or SWT.

     

     

    (g) SWT
Employees and Consultants:
All employees and/or consultants of SWT shall remain employees of SWT and/or
consultants, as the case may be, and any liability related to any such
employment or consulting agreement shall remain with SWT. Each employee and
consultant of SWT has executed a proprietary information agreement assigning
irrevocably and at no additional cost any and all of its rights in and to any
intellectual property created and/or developed during the term of its employment
or consulting agreement, as the case may be, to SWT. Each employee and
consultant of SWT has executed a non disclosure agreement protecting SWT
Intellectual Property and a non concurrence agreement. To the Best Knowledge of
SWT, no employee or consultant of SWT is obligated under any contract or
agreement, or subject to any judgment, decree or order of any court or other
Governmental Authority that would conflict with such employee's obligation to
use his best efforts to promote the interests of SWT or that would conflict with
GLGT's conduct of its business, as contemplated by this Agreement. To the Best
Knowledge of SWT, no employee or consultant of SWT is in violation of any term
of any employment or consulting agreement, as the case may be, non-competition
agreement, or any other contract or agreement relating to the relationship of
any such employee or consultant with SWT, any SWT Affiliate or any previous
employer or client.

     

     

    (h) Underlying
Documents: Any underlying documents
listed or described hereto have heretofore been furnished to or made available
to GLGT. All such documents furnished to or made available to GLGT are complete
and correct copies, and there are no amendments or modifications
thereto.

     

     

    (i) No
Options:
Other than this Agreement, there are no existing agreements, options,
commitments or rights with, of or to any Person to acquire all or any portion of
SWT or of the SWT Transferred Assets, or any interest therein.

     

     

    (j) Creditor's
Rights:
The transactions contemplated by this Agreement will not give rise to any right
of any creditor of SWT whatsoever to any of the SWT Transferred Assets in the
hands of GLGT after the Closing Date.

     

     

    (k) Not a
Reporting Company:
SWT is not subject to reporting requirements of the United States Securities and
Exchange Commission (“SEC”).

     

     

    (l) Accurate
Unaudited Financial Statements:
The Unaudited Financial Statements of SWT

     

     

    (i) were
prepared from the books and records of SWT;

     

     

    (ii) were
prepared in accordance with GAAP consistently applied;

     

     

    (iii) fairly
and accurately present SWT's financial condition and the results of its
operations as of their respective dates and for the periods then
ended;

     

     

    (iv) contain
and reflect all necessary adjustments and accruals for a fair presentation of
SWT's financial condition as of their dates;

     

     

    (v) contain
and reflect adequate provisions for all reasonably anticipated liabilities for
all material income, property and sales applicable to SWT with respect to the
periods then ended; and

     

     

    (vi) do not
contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances in which they were made, not
misleading.

     

     

    (m) Accurate
Audited Financial Statements: On or before _____[DATE]____, SWT will provide
audited financial statements to GLGT. When delivered to GLGT, the Audited
Financial Statements of SWT, shall conform to the following
requirements:

     

     

    (i) The
Audited Financial Statements of SWT shall be prepared by a PCAOB qualified
auditor as required for filings under, an shall be suitable for filing in
accordance with, the Exchange Act.

     

     

    (ii) As of
their respective dates of preparation in final or definitive form:

     

     

    (A) each of
the Audited Financial Statements (including the related notes) shall be prepared
in accordance with GAAP consistently applied during the periods involved, except
as otherwise noted therein;

     

     

    (B) none of
the Audited Financial Statements or schedules shall contain any untrue statement
of a material fact or shall omit to state a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the
circumstances in which they were made, not misleading;

     

     

    (C) the
Audited Financial Statements or schedules shall fairly present the consolidated
results of operations and changes in financial position of SWT and its
subsidiaries for the respective periods indicated, except, in the case of
interim financial statements, for year-end audit adjustments, consisting only of
normal recurring accruals; and

     

     

    (D) each of
the balance sheets (including the related notes) shall fairly present the
consolidated financial position of SWT and its subsidiaries as of the respective
dates thereof.

     

     

    (n) Capital
Structure:
On the Closing Date, the authorized capital of SWT shall consist
of:

     

     

    (i) shares of
Common Stock,

     

     

    (A) of which
50,000 shares shall be authorized; and

     

     

    (B) of which
only 24,278,832 such shares shall be owned of record and beneficially by not
more than __[NUMBER]_______ Persons,
said Persons being the only Persons owning and holding duly authorized, validly
issued, and fully paid-for shares of said Common Stock, there being in existence
no rights with respect to shares of Common Stock of SWT held by any other
Persons; and

     

     

    (ii) shares of
Preferred Stock,

     

     

    (A) of which
20,000,009 shares shall be authorized; and

     

     

    (B) of which
no shares are issued and outstanding; and

     

     

    (iii) no other
Securities or the rights to acquire any Securities of SWT.

     

     

    (o) Disclosure:
No representation, warranty or statement by SWT in this Agreement, or in any
written certificate required by this Agreement to be furnished to GLGT pursuant
to this Agreement contains or will contain any untrue statement of material fact
or omits or will omit to state a material fact necessary to make the statements
made herein or therein, in light of the circumstances under which they were
made, not misleading.

     

     

    (p) Litigation:
There are no claims, actions, suits or other proceedings pending or, to the Best
of its Knowledge, threatened, before any arbitrator, court or other Governmental
Authority and no facts or circumstances which could reasonably be expected to
give rise to a claim, action, suit or proceeding which could materially and
adversely affect the SWT Transferred Assets or the transactions contemplated by
this Agreement.

     

     

    Section
5.03 Representations of
GLGT.

     

     

    GLGT
represents and warrants to SWT as follows:

     

     

    (a) SEC
Compliance:
GLGT represents to SWT that it will use its best efforts to take all action
required to complete the necessary filings and audits in compliance with the
laws of the United States Securities and Exchange Commission (“SEC”) to effect
all required filings (“Exchange Act Filings”) under the Exchange Act. As of
their respective dates of filing in final or definitive form (or, if amended or
superseded by a subsequent filing, then on the date of such subsequent filing),
none of the Exchange Act Filings, including, without limitation, any financial
statements or schedules included therein, contained or shall have contained any
untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary in order to make the statements therein, in
light of the circumstance in which they were made, not misleading. Each of the
balance sheets (including the related notes) included in the Exchange Act
Filings fairly presents the consolidated financial position of GLGT and its
subsidiaries as of the respective dates thereof, and the other related financial
statements (including the related notes) included therein fairly presented the
consolidated results of operations and changes in financial position of GLGT and
its subsidiaries for the respective periods indicated, except, in the case of
interim financial statements, for year-end audit adjustments, consisting only of
normal recurring accruals. Each of the financial statements (including the
related notes) included in the Exchange Act Filings has been prepared in
accordance with GAAP consistently applied during the periods involved, except as
otherwise noted therein.

     

     

    (b) Disclosure:
No representation, warranty or statement by GLGT in this Agreement, or in any
written certificate required by this Agreement to be furnished to SWT pursuant
to this Agreement contains or will contain any untrue statement of material fact
or omits or will omit to state a material fact necessary to make the statements
made herein or therein, in light of the circumstances under which they were
made, not misleading.

     

     

    (c) Litigation:
Except as disclosed in the Exchange Act Filings, there are no actions, suits or
other proceedings pending or, to the Best of its Knowledge, threatened, before
any arbitrator, court or other Governmental Authority and no facts or
circumstances which could reasonably be expected to give rise to a claim,
action, suit or proceeding which could materially and adversely affect the
transactions contemplated by this Agreement.

     

     

    (d) Validity
of the GLGT
Preferred Stock:
When issued in accordance with this Agreement, the GLGT Preferred Stock will be
duly authorized and validly issued, fully paid and non-assessable. 

     

     

    

     

     

    ARTICLE
VI                                    STOCK
TRANSFER RESTRICTIONS, WARRANTIES, AND REGISTRATION RIGHTS

     

     

    Section
6.01 GLGT Convertible Preferred
Stock Transfer Restrictions.

     

     

    Any shares of GLGT Preferred Stock (the
“GLGT Preferred Stock”) issued to SWT in connection with this Agreement shall
bear a legend in substantially the following form:

     

     

    THE
SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL (I) REGISTERED
UNDER THE ACT OR (II) (A) THE ISSUER OF THE SHARES (THE “ISSUER”) HAS RECEIVED
AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER THAT SUCH
OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE WITH THE ACT
AND (B) THE CONSENT OF ISSUER IN ACCORDANCE WITH THE ASSET PURCHASE AGREEMENT
REFERRED TO BELOW.

     

     

    THE
SHARES REPRESENTED HEREBY ARE SUBJECT TO RESTRICTIONS PURSUANT TO THAT CERTAIN
ASSET PURCHASE AGREEMENT dated ______________, 2008, BETWEEN, AMONG OTHERS, THE
ISSUER AND SMART WEAR TECHNOLOGIES, INC. A COPY OF SAID AGREEMENT IS AVAILABLE
FROM THE COMPANY UPON REQUEST.

     

     

    Section
6.02 Sufficient Familiarity with
the Affairs of GLGT; Ability to Bear the Risks of an Investment in GLGT,
etc.

     

     

    With respect to its acquisition of the
GLGT Preferred Stock, SWT acknowledges, represents, warrants, and agrees as
follows:

     

     

    (a) SWT has
received, read carefully, and understands all of GLGT’s Exchange Act
Filings.

     

     

    (b)  all
documents, records and books pertaining to its acquisition of the GLGT Preferred
Stock have been made available for inspection by SWT and its financial
advisors.

     

     

    (c) SWT has
received or has had full access to all the information it considers necessary or
appropriate to make an informed investment decision with respect to the sale of
the GLGT Preferred Stock to SWT under this Agreement.

     

     

    (d) No oral
representations or oral information have been made or have been furnished to SWT
in connection with its acquisition of the GLGT Preferred Stock, and in making
the decision to acquire the GLGT Preferred Stock to SWT, SWT is relying solely
on the information set forth in GLGT’s Exchange Act Filings.

     

     

    (e) SWT
acknowledges that its acquisition of the GLGT Preferred Stock involves a very
high degree of risk, including the potential for a total loss of its interest in
GLGT, and SWT also acknowledges that GLGT’s auditors have pointed out that GLGT
has suffered recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a going
concern.

     

     

    (f) SWT has
such knowledge and experience in financial, tax and business matters to enable
it to utilize the information made available to it in connection with its
purchase of the GLGT Preferred Stock to evaluate the merits and risks of the
prospective purchase and to make an informed investment decision with respect
thereto.

     

     

    (g) The GLGT
Preferred Stock is being acquired solely for SWT’s own account for investment
purposes only and not for the account of any other Person and not for
distribution, assignment or resale to others and may not be distributed until
registered under the Securities Act or pursuant to an exemption
therefrom.

     

     

    Section
6.03 Restrictions and
Registrations Rights.

     

     

    (a) Subject
to the restrictions agreed upon by the newly-elected Directors of GLGT regarding
Reverse Splits of GLGT’s Common Stock and further subject to the conversion
formula (set forth in the GLGT Preferred Stock itself), the other restrictions
and rights provided for GLGT Preferred Stock herein shall terminate in the event
that the Preferred Shares are converted into Common Stock of GLGT and registered
with the Commission or Publicly Traded.  As used herein, Common Stock
is “Publicly Traded” if stock of that class is (i) listed on a national
securities exchange, or (ii) if sales or bid and offer quotations are reported
for that class of stock in the automated quotation system operated by the
National Association of Securities Dealers, Inc.

     

     

    (b) In the
event that, prior to the earlier of the first anniversary of the date of the
Closing the daily price of the Commons Shares of GLGT reaches a price of $0.50
per share, GLGT grants registration rights to the holders of the Preferred
Shares (the “Receiving Persons”) of Underlying GLGT Common Stock issuable upon
the conversion of the Preferred Stock distributed to them pursuant to this
Agreement, receive “piggyback” registration rights on the same terms and
conditions as the “piggyback” registration rights granted to the Receiving
Persons.

     

     

    (c) Any
registration rights granted pursuant to this Section 6.03 will be subject to usual
and customary cutbacks and limitations,  all applicable Laws and rules
of any exchange or automated quotation system on which GLGT Stock trades or may
be listed, and such registration rights shall not apply to such shares of the
GLGT Preferred Stock (or such shares of the Common Stock of GLGT into which
shares of the GLGT may be converted) which may become subject to the resale
provisions of Rule 144 under the Act.

     

     

    (d) The
Receiving Persons may only be granted, and may only exercise, registration
rights one time.

     

     

    

     

     

    ARTICLE
VII                                          SURVIVAL
OF WARRANTIES AND INDEMNIFICATION

     

     

    Section
7.01 Survival of
Warranties.

     

     

    All representations and warranties made
by SWT or GLGT herein, or in any certificate, schedule or addendum delivered
pursuant hereto, shall survive the Closing Date and continue in full force and
effect for a period of one (1) year from the Closing Date.

     

     

    Section
7.02 Indemnified
Losses.

     

     

    For the purpose of this Article, and
when used elsewhere in this Agreement, “Loss” shall mean and include (but not be
limited to) any and all liability, loss, damage, claim, charge, expense, cost,
interest, fine, fee, penalty, amounts paid in settlement, obligation or injury,
whether accrued, absolute, contingent or otherwise, including, without
limitation, those resulting from any and all actions, suits, investigations,
proceedings, hearings, demands, assessments, judgments, decrees, awards,
injunctions, orders, rulings, or arbitrations, together with reasonable costs
and expenses including the reasonable attorneys' fees and other legal costs and
expenses relating thereto as set forth in Section
10.13.

     

     

    Section
7.03 Indemnification by
SWT.

     

     

    Subject to the provisions set forth in
this Article VII, SWT agrees to defend, indemnify and hold harmless GLGT and any
present, past or future parent, subsidiary, Affiliate, director, officer,
employee, consultant, financial or legal advisor, shareholder or agent of GLGT
(collectively, the “GLGT Indemnities”) from and against and in respect to the
entirety of any Loss which directly or indirectly, arises out of, results from,
is caused by or attributable to:

     

     

    (a) any
breach or inaccuracy or misrepresentation in any of the representations or
warranties or covenants or agreements of SWT made in this Agreement or in
documents to be delivered by SWT on the Closing Date;

     

     

    (b) any
liability of SWT;

     

     

    (c) taxes, of
any kind or nature, arising out of, or payable with respect to, SWT business
operations and any tax imposed on SWT by any Governmental Authority resulting
directly from the transfer of the SWT Transferred Assets.

     

     

    Section
7.04 Indemnification by
GLGT.

     

     

    Subject to the provisions set forth in
this Article VII, GLGT agrees to defend, indemnify and hold harmless SWT, any
present, past or future parent, subsidiary, Affiliate, director, officer,
employee, consultant, financial or legal advisor, shareholder or agent of SWT
(collectively, the “SWT Indemnitees”) from and against and in respect of the
entirety of any Loss which, directly or indirectly, arises out of, results from,
is caused by or attributable to:

     

     

    (a) any
breach or inaccuracy or misrepresentation in any of the representations or
warranties, or covenants or agreements of GLGT made in this Agreement;
or

     

     

    (b) taxes, of
any kind or nature, arising out of, or payable with respect to, GLGT business
operations and any tax imposed by any Governmental Authority resulting directly
from the transfer of the SWT Transferred Assets.

     

     

    Section
7.05 Indemnification
Procedure.

     

     

    (a) Claim:
Whenever any Loss shall be asserted against or incurred by a GLGT Indemnitee or
SWT Indemnitee (the “Indemnified Party”), for which a claim of indemnity can be
made, the Indemnified Party shall give prompt written notice thereof (a “Claim”)
to SWT or GLGT, as appropriate (the “Indemnifying Party”). The Indemnified Party
shall furnish to the Indemnifying Party in reasonable detail such information as
the Indemnified Party may have with respect to the Claim (including, in any
case, copies of any summons, complaint or other pleading which may have been
served on it and any written claim, demand, invoice, billing or other document
evidencing or asserting the same). The failure, or any delay, to give such
notice shall not relieve the Indemnifying Party of its indemnification
obligations under this Agreement, unless and then solely to the extent that the
failure to give such notice to the Indemnifying Party prevents the Indemnifying
Party from raising a defense to the Claim or otherwise materially and adversely
affects the Indemnifying Party's ability to defend against the Claim. The
Indemnified Party shall cooperate in good faith with the Indemnifying Party in
resolving any Claim and shall use commercially reasonable efforts (at the
expense of the Indemnifying Party) to mitigate any Losses which are the subject
to such Claim. The Indemnifying Party shall use reasonable efforts to keep the
Indemnified Party advised of material developments in the defense of the Claim,
and shall consult with the Indemnified Party during the course of any settlement
negotiations.

     

     

    (b) Dispute
of Claim:
If the Indemnifying Party disputes the Loss presented in the Claim, the
Indemnifying Party shall notify the Indemnified Party of such disagreement
within thirty (30) days of the receipt of the Claim. Thereupon, the Indemnified
Party and the Indemnifying Party will negotiate in good faith and use reasonable
efforts to resolve their differences with respect to the Claim during the thirty
(30) days following the Indemnifying Party's notice of disagreement to the
Indemnified Party. In the event such dispute is not resolved upon the expiration
of the thirty (30) day period following the Indemnifying Party's notice of
disagreement to the Indemnified Party, the Parties shall resolve the dispute in
accordance with the terms of Section
10.11
hereof.

     

     

    (c) Third
Party Claims:
If the Claim is based on a claim of a Person that is not a party to this
Agreement, the Indemnifying Party, unless otherwise agreed to in writing with
the Indemnified Party,  shall at its expense, assume the defense of
such third party claim (a “Third Party Claim”) with attorneys of its own
choosing reasonably satisfactory to the Indemnified Party so long as the
following conditions are satisfied (the “Third Party Claim Defense Conditions”):
(i) the Indemnifying Party notifies the Indemnified Party in writing within ten
(10) days after the Indemnified Party has given notice of the Third party Claim
that the Indemnifying Party will indemnify the Indemnified Party from and
against the entirety of the Loss arising out of the Third Party Claim, (ii) the
Indemnifying Party provides the Indemnified Party with evidence acceptable to
the Indemnified Party that the Indemnifying Party will have the financial
resources necessary to defend against the Third Party Claim and fulfill its
indemnification obligations hereunder, (iii) the Indemnifying Party conducts the
defense of the Third Party Claim actively and diligently and (iv) the
Indemnified Party is kept informed by the Indemnifying Party with respect to,
and shall have the right to participate in, the contest, defense, settlement or
compromise of the Third Party Claim. In the event the Indemnifying Party fails
to elect to defend the Third Party Claim within such ten (10) day period or upon
the failure of any other Third Party Claim Defense Condition, the Indemnified
Party may, at the Indemnifying Party's expense, undertake the defense of the
Third Party Claim and may compromise or settle the Third Party
Claim.

     

     

    (d) Consent:
The Indemnifying Party shall not consent to entry of any judgment, or enter into
any settlement, with respect to a Third Party Claim, except with the consent of
the Indemnified Party, which consent shall not be unreasonably withheld or
delayed.

     

     

    Section
7.06 Period for Making
Claims.

     

     

    A claim for indemnification under this
Article VII may be brought, if at all, any time within one (1) year after the
Closing Date.

     

     

    Section
7.07 Exclusive Remedy.

     

     

    The indemnification rights and
obligations of the Parties under this Article VII shall be the sole and
exclusive remedy of the Parties hereto with respect to (i) any Loss, claim, suit
or damages of any kind whatsoever related to or arising pursuant to this
Agreement,; (ii) any breach of any representation, warranty, covenant or
agreement under this Agreement and (iii) any instrument or any officer's
certificate delivered pursuant to this Agreement hereof by any Party hereto or
thereto. Notwithstanding the foregoing, nothing herein shall be construed or
interpreted as limiting or impairing the rights or remedies that any Party
hereto may have at equity, including, but not limited to, specific performance
and injunctive relief, where available, provided, however, that in no event
shall either Party (or any present, past or future parent, subsidiary,
Affiliate, director, officer, employee, consultant, financial or legal advisor,
shareholder or agent of said Party) be liable to the other Party (or to any
present, past or future parent, subsidiary, Affiliate, director, officer,
employee, consultant, financial or legal advisor, shareholder or agent of the
other Party) for any indirect, incidental, consequential, special or punitive
damages arising out of this Agreement.

     

     

    

     

     

    
      	
              ARTICLE
      VIII

            	
              TERMINATION

            

    

     

     

    Section
8.01 Termination.

     

     

               This
Agreement and the transactions contemplated hereby may be terminated at any time
prior to the Closing Date:

     

     

    (a) by mutual
consent in writing of the Parties hereto; or

     

     

    (b) by GLGT
if SWT shall fail to perform or observe any covenant or agreement hereof to be
performed or observed by it on or prior to the Closing Date or any condition to
the obligations of GLGT hereunder shall not have been met or satisfied prior to
the Closing Date; or

     

     

    (c) by SWT,
if GLGT shall fail to or refuse to perform or observe any covenant or agreement
hereof to be performed or observed by it on or prior to the Closing Date or any
condition to the obligations of SWT hereunder shall not have been met or
satisfied prior to the Closing Date.

     

     

    

     

     

    
      	
              ARTICLE
      IX

            	
              CONFIDENTIALITY
      

            

    

     

     

    Section
9.01 Confidentiality.

     

     

    (a) Subject
to any obligations pursuant to the Exchange Act and/or Securities Act and except
as expressly authorized herein each Party agrees not to disclose to third
parties the Confidential Information of the other Party or to use the
Confidential Information of the other Party for any purpose other than to
fulfill its obligations or exercise its rights under this
Agreement.

     

     

    (b) Without
limiting the generality of the foregoing, each Party agrees to do the following
with respect to Confidential Information of the other Party:

     

     

    (i) instruct
and require all of its employees, agents, and consultants to maintain the
confidentiality, and refrain from any unauthorized use of the Confidential
Information;

     

     

    (ii) exercise
at least the same degree of care to safeguard the confidentiality and prevent
the unauthorized use of such Confidential Information as that Party exercises to
safeguard its own Confidential Information, but not less than reasonable
care;

     

     

    (iii) restrict
disclosure of such Confidential Information to those of its employees, of this
Agreement;

     

     

    (iv) require
such employees, agents and consultants to sign non-disclosure agreements
requiring them to maintain the confidentiality and to refrain from any
unauthorized use of such Confidential Information; and

     

     

    (v) not
remove or destroy any proprietary or confidentiality legends or markings placed
upon any documentation or other materials which contain or set forth
Confidential Information of any other Party and, to the extent copying is
permitted, to copy such legends and markings.

     

     

    

     

     

    
      	
              ARTICLE
      X

            	
              GENERAL
      PROVISIONS.

            

    

     

     

    Section
10.01 Nature of
Relationship.

     

     

    This Agreement shall not be construed
as creating an agency, partnership, joint venture or any other form of legal
association between GLGT and SWT, other than the contractual relationship as
expressly set forth herein. Neither GLGT nor SWT shall have any right or
authority, express or implied, to assume or create any obligation of any kind,
or to make any representation or warranty, on behalf of any other Party or to
bind any other Party in any respect whatsoever.

     

     

    Section
10.02 Assignment.

     

     

    Neither GLGT or SWT may assign or
otherwise transfer this Agreement or any rights or obligations hereunder,
whether voluntarily, by operation of law or otherwise, without the express
written consent of the other Party.

     

     

    Section
10.03 Severability.

     

     

    If any provision of this Agreement or
the application of any such provision is determined to be invalid, illegal or
unenforceable in any jurisdiction or as applied to particular circumstances,
such invalidity, illegality or unenforceability shall not affect any other
provision of this Agreement or invalidate or render unenforceable such provision
in any other jurisdiction or other circumstances. To the extent permitted by
applicable law, the Parties waive any provision of law that renders any
provision of this Agreement invalid, illegal or unenforceable in any respect.
The Parties shall, to the extent lawful and practicable, use their reasonable
efforts to enter into arrangements to reinstate the intended effect of any
provision held invalid, illegal or unenforceable.

     

     

    Section
10.04 Amendment and
Waiver.

     

     

    No amendment to this Agreement shall be
effective unless it is in writing, identifies with specificity the provisions of
this Agreement that are thereby amended, and is signed by each Party. Any
failure of a Party to comply with any obligation, covenant, agreement or
condition contained in this Agreement may be waived by the Party entitled to the
benefits thereof only by a written instrument duly executed and delivered by
such Party, but such waiver or failure to insist upon strict compliance with
such obligation, covenant, agreement or condition shall not operate as a waiver
of, or estoppel with respect to, any subsequent or other failure of
compliance.

     

     

    Section
10.05 Headings.

     

     

    The article and section headings of
this Agreement are for convenience of reference only and shall not affect the
construction of, or be taken into consideration in interpreting, this
Agreement.

     

     

    Section
10.06 Parties in
Interest.

     

     

    This Agreement shall be binding upon
and inure to the benefit of the Parties and their permitted successors and
assigns. Nothing in this Agreement, whether express or implied, shall give or be
construed to give any Person (other than the Parties and their permitted
successors and assigns and the GLGT Indemnities and SWT Indemnities) any legal
or equitable right, remedy or claim under or in respect of this
Agreement.

     

     

    Section
10.07 Counterparts.

     

     

    This Agreement may be executed by the
Parties in separate counterparts, each of which when so executed and delivered
shall be an original, but all such counterparts shall together constitute but
one and the same agreement.

     

     

    Section
10.08 Entire Agreement.

     

     

    This Agreement, together with any
attachments hereto and thereto, constitutes the entire agreement of the Parties
with respect to the subject matter hereof and thereof and supersedes all prior
and contemporaneous agreements and understandings (written, oral or otherwise)
with respect to such subject matter.

     

     

    Section
10.09 Construction.

     

     

    References in this Agreement to any
gender include references to all genders, and references in this Agreement to
the singular include references to the plural and vice versa. References in this
Agreement to a Party or other Person include their respective permitted
successors and assigns. Unless the context otherwise requires, references in
this Agreement to Articles, Sections or Exhibits shall be deemed references to
Articles and Sections of, and Exhibits to, this Agreement. Unless the context
otherwise requires, the words “hereof”, “hereby” and “herein” and words of
similar meaning when used in this Agreement refer to this Agreement in its
entirety and not to any particular Article, Section or provision of this
Agreement. This Agreement shall be fairly interpreted in accordance with its
terms and without any construction in favor of or against any of the Parties.
The term “knowledge,” when used in relation to a Person, means the Best
Knowledge of such Person's officers and directors.

     

     

    Section
10.10 Governing Law; Governing
Language.

     

     

    This Agreement shall in all respects be
governed by and construed in accordance with the internal laws of the State of
Nevada applicable to agreements made and to be performed entirely within the
State of Nevada, without regard to the conflict of laws principles of the State
of Nevada.

     

     

    Section
10.11 Dispute
Resolution.

     

     

    (a) Escalation:
If the Parties have any problems or disputes arising from or otherwise relating
to this Agreement, such problems or disputes shall first be submitted to the
Parties' respective relationship coordinators, and, in the event the
relationship coordinators cannot agree, to senior executives designated by each
Party at that time, for discussion in an effort to determine whether an amicable
resolution regarding any such problem or dispute may be achieved. Such efforts
shall continue for at least thirty (30) days from the date a Party receives
notice from another Party to initiate this escalation procedure and shall be a
precondition to initiate any legal action with any court or Governmental
Authority or otherwise pursuing its remedies under this Agreement or at law or
in equity, provided, however, that either Party shall be entitled to immediately
proceed to file an action in any appropriate court to seek temporary or
permanent injunctive or other equitable relief if such immediate relief is
appropriate and reasonably necessary to protect that Party's
rights.

     

     

    (b) Nomination
of Relationship Coordinators:
The initial relationship coordinators will be __________________ for GLGT and
_______________ for SWT. Such Parties each may designate a new relationship
coordinator by providing written notice of such change to the other Party or
Parties.

     

     

    (c) Litigation
Forum and Venue: Each Party irrevocable consents to and submits itself to
the exclusive Jurisdiction of the State of Nevada for any claim that cannot be
asserted in federal court for the purposes of any suit, action or other
proceeding in connection with any controversy, claim or dispute arising from or
otherwise relating to this Agreement or to enforce any resolution, settlement,
order or award made with respect to any such matter. Each Party irrevocably
waives and agrees not to assert (by way of motion, as a defense or otherwise) in
any such suit, action or proceeding, any claim that (i) it is not personally
subject to the jurisdiction of such court, (ii) the suit, action or proceeding
is brought in an inconvenient forum, or (iii) the venue of the suit, action or
proceeding is improper.

     

     

    (d) Service
of Process:
Each Party irrevocably consents to service of process in any action, suit or
proceeding by personal service or by the transmittal of copies thereof in
accordance with the provisions of Section
10.12,
provided that a reasonable period for appearance is allowed. The foregoing,
however, shall not limit the right of either Party to serve process in any other
manner permitted by law. Any judgment against a Party or the assets of a Party
in any action, suit or proceeding for which such Party has no further right of
appeal shall be conclusive, and may be enforced in other jurisdictions by suit
on the judgment. A certified or true copy of any such judgment shall be
conclusive evidence of authorization of any U.S. governmental body which may be
required by applicable law.

     

     

    Section
10.12 Notices.

     

     

    (a) Any
notice, request, instruction or other document required by the terms of this
Agreement to be given to any other Party hereto shall be in writing and shall be
given either

     

     

    (i) by
telephonic facsimile, in which case notice shall be presumptively deemed to have
been given on the first (1st) Business Day following the date and time displayed
on the sender’s transmission confirmation receipt showing the successful receipt
thereof by the recipient;

     

     

    (ii) by
nationally recognized courier or overnight delivery service in which the date of
delivery is recorded by the delivery service, in which case notice shall be
presumptively deemed to have been given at the time that records of the delivery
service indicate the writing was delivered to the addressee;

     

     

    (iii) by United
States sent by registered or certified mail, postage prepaid, with return
receipt requested, in which case notice shall be presumptively deemed to have
been given at the time that records of the United States Postal Service indicate
the writing was delivered to the addressee.

     

     

    (b) Notice
shall be sent:

     

     

    If to GLGT,
to:

     

    Global
General Technologies, Inc.

    201 South
Biscayne Boulevard,

    Miami,
Florida  33410

     

    
      	
               
      

            	
              With a copy
      to

            

    

     

    Mr. Gary
T. Stroud, President

    AGV
INTERNATIONAL CANADA Inc.

    405
Olympic Street,

    Hudson
(Quebec) J0P1H0

    Canada
  

    

     

    If to SWT,
to:

     

    SmartWear
Technologies, Inc.

    10120 S.
Eastern Ave.

    Suite
200

    Henderson,
Nevada 89052

     

    or to
such other address as a Party may have specified in writing to the other Parties
using the procedures specified above in this Section.

     

     

    Section
10.13 Attorneys’ Fees.

     

     

    If a Party commences a legal action or
other proceeding against the other Party to enforce or seek remedies for breach
of this Agreement, the prevailing Party in such proceeding shall, be entitled to
recover from the other Party the reasonable costs and expenses incurred by the
prevailing Party in connection with such proceeding, including, but not limited
to, only such court costs and only such reasonable attorneys' fees as a Court
may award.

     

     

    Section
10.14 Expenses.

     

     

    The Parties hereto shall each bear
their own costs and expenses (including attorneys' fees) incurred in connection
with the negotiation and preparation of this Agreement and consummation of the
transactions contemplated hereby.

     

    

     

    Section
10.15 Further
Assurances.

     

     

    The Parties each agree to perform such
acts, execute and deliver such instruments and documents, and do all such other
things as may be reasonably necessary to consummate and make effective the
transactions contemplated by this Agreement, including, without limitation,
cooperating fully with the other Parties by provision of information necessary
to make all filings by the other Parties with Governmental
Authorities.

     

     

    

     

     

    IN WITNESS WHEREOF, GLGT and
SWT have caused this instrument to be executed by their duly authorized and
empowered officers and representatives as of the day and year first written
above.

     

    

    

    

    
      	
              SmartWear
      Technologies, Inc

            	
              Global
      General Technologies, Inc.

            
	
              By:        /s/

            	
              By:        /s/

            
	 
      	 
      
	
              Name:
      Robert Reed

            	
              Name:
      Gary T. Stroud

            
	
              Title:    President

            	
              Title:    President

            

    

    

     

    SCHEDULE A - SWT
TRANSFERRRED ASSETS

     

     

    This Schedule
A
is made pursuant to and incorporates by reference the terms and conditions of
the Assets Purchase Agreement (the “Agreement”) by and between Global General
Technologies (“GLGT”) and SmartWear Technologies Inc., (“SWT”). Except as set
forth in this Schedule
A,
the Parties agree that the terms and conditions set out in the Agreement apply
and are incorporated by reference into this Schedule
A.  All
capitalized terms not defined in this Schedule
A
shall have the meanings set out for such terms in the Agreement.

     

     

    
      	
              1)  

            	
              SWT Transferred
      Assets

            

    

     

     

    a) The
assets transferred by SWT shall include and be limited to the following
assets:

     

     

    i) the
goodwill of SWT;

     

     

    ii) all
tangible personal property listed in “Exhibit
A - SWT Equipment List”
hereto attached and “Exhibit
B - SWT Inventory
Summary”,  and all interests therein;

     

     

    iii) all
Intellectual Property (including any relevant Intellectual Property Rights and
rights to Use), as listed in “Exhibit
C
- SWT Intellectual
Property”, and all interests therein, including interest on clients
accounts;

     

     

    iv) all cash,
cash equivalent, deposits, securities, commodities, deposit accounts, checking
accounts, brokerage accounts and all other accounts and all securities and
investments, as listed in “Exhibit
D
- SWT Cash and
Equivalents”;

     

     

    v) all
accounts, notes and other receivables, whether or not accrued and whether or not
billed, of SWT, as in “Exhibit
E – SWT Accounts
Receivables”;

     

     

    vi) all
transferable licenses, permits and other governmental authorizations of Seller,
as listed in “Exhibit
F
– SWT Licenses and
Permits”;

     

     

    vii) all
contracts with customers (including any purchase order as listed in “Exhibit
G
- SWT Customers
Contracts” and all rights and benefits from such contracts,

     

     

    viii) all
contracts with suppliers or any third party providing services to SWT; as listed
in “Exhibit
H
- SWT Suppliers and
Third Party Contracts”; and

     

     

    ix) all Books
and Records. “Books and Records” shall mean all books and records, ledgers,
employee records, customer lists, files, correspondence and other records of
every kind owner or used by SWT or in which SWT’s assets, business or
transaction are otherwise reflected.

     

     

    b) All
Exhibits to this Schedule are attached hereto and incorporated by reference in
the Agreement.

     

     

    
      	
              2)  

            	
              Excluded
      Assets:

            

    

     

     

    a) All
assets not listed in Section
1
above are excluded.  Further GLGT expressly understands and agrees
that the following assets of SWT are excluded:

     

     

    i) all
minute books of SWT.

     

     

    EXHIBIT A TO SCHEDULE
A - SWT EQUIPMENT
LIST

     

     

    TO
BE COMPLETED BY SWT

     

    

    
      	
              Quantity

            	
              Item
      Description

            
	 
      	
              COMMUNICATIONS
      EQUIPMENT:

            
	
              6ea

            	
              Cellular
      Phones/PDA

            
	
              2
      ea

            	
              Fax
      /Copier machine (Minolta)

            
	
              1
      ea

            	
              HP
      All in one

            
	
              1
      ea

            	
              HP
      Laser Jet Printer

            
	
              2ea

            	
              HP
      Flat Color Scanner

            
	
              5ea

            	
              HP
      Desk Jet Printer Model 820

            
	
              1
      ea

            	
              HP
      Printer 3650

            
	
              6ea

            	
              IBM
      Computer System Network

            
	
              3ea

            	
              Epson
      High Speed Printers

            
	
              2ea

            	
              Panasonic
      Dot Matrix Printer

            
	
              1ea

            	
              Citizen
      Matrix Printer

            
	
              5ea

            	
              Laptop
      Portable Computer

            
	
              lot

            	
              Internet
      & Graphics software, (Programming language)

            
	
              3ea

            	
              Packard
      Bell computer system & Printer

            
	
              lot

            	
              Bar-code
      Tracking/Order Processing software

            
	
              lot

            	
              Office
      Management software, Internet Custom Software

            
	
              lot

            	
              Internet
      ( developed software )

            
	
              1
      ea

            	
              Packard
      Bell Computer system 333Mhz system

            
	
              2ea

            	
              Pro-Steamer,
      Mobile Unit w/ stand

            
	
              lot

            	
              Misc.
      office equipment

            
	 
      	
              PRODUCTION
      EQUIPMENT:

            
	
              1ea

            	
              High
      Speed Sewing Machines

            
	
              2ea

            	
              Production
      Serger

            
	
              lot

            	
              Process
      Printing Inks, Auto- Control Dryer w/ stand, misc.

            
	
              1ea

            	
              Saddle
      stitch seaming machine

            
	
              1ea

            	
              Auto-punch
      book binding machine

            
	
              1ea

            	
              24"
      Paper cutter, table model

            
	
              2ea

            	
              18"
      Paper cutter, table model

            
	
              lot

            	
              Packaging
      Materials, shipping supplies etc.

            
	
              lot

            	
              Packaging
      Equipment

            
	
              lot

            	
              Shrink
      Wrap Machine and accessories

            
	
              lot

            	
              Office
      equipment, Tables, lamps,, chairs, typewriters

            
	
              8
      ea

            	
              Executive
      desk w/return

            
	
              1
      ea

            	
              12
      foot conference table w/10 executive styled chairs

            
	
              lot

            	
              Misc.
      office equipment tables/chairs/ cabinets, etc.

            
	 
      	
              TOOLS,
      JIGS, POWER EQUIPMENT:

            
	
              lot

            	
              Production
      tooling, Jigs Fixtures, Hand tools, Specialty tools

            
	
              1ea

            	
              5HP.
      200 PSI Hi-pressure washer system

            
	
              2ea

            	
              2.5
      HP. Air Compressor

            
	
              2ea

            	
              Industrial
      electric saws, 10" Compound saw, 7.5 skill saw

            
	
              lot

            	
              Power
      drills, Jig saws, Calibrators-set 3pc., other hand
tools

            
	
              lot

            	
              Other
      related tools

            
	
              1ea

            	
              Hi-Temp
      Heat Gun

            
	 
      	
              PHOTOGRAPHIC
      EQUIPMENT:

            
	
              lot

            	
              Cameras;
      3ea Cannon, 8ea. various accessory lens

            
	
              1ea

            	
              Various
      35 mm camera lenses

            
	
              1ea

            	
              16mm
      Minolta camera, case & accessories

            
	
              lot

            	
              Various
      tripods, stands, cases, etc.

            
	
              lot

            	
              Photo
      lights, strobe lights w/ attachments, various stands

            
	
              lot

            	
              Photo/strobe
      light system, 2 sets with stands and deflectors

            
	
              lot

            	
              Professional
      Auto-Photo enlarger, and accessories color

            
	
              lot

            	
              printer

            
	 
      	
              OTHER/MISCELLANEOUS
      :

            
	
              1ea

            	
              24CF
      dual door refrigerator w/ Ice Maker

            
	
              1ea

            	
              Coin
      operated soft-drink dispensing machine

            
	
              14ea

            	
              Work
      Station Tables (8' & 6')

            
	
              lot

            	
              General
      inventory

            
	
              lot

            	
              Jigs
      fixtures

            
	
              lot

            	
              Trade
      show display booth

            
	
              lot

            	
              Office
      /Trade Software (Quick books/Microsoft
etc)

            

    

     

    EXHIBIT B TO SCHEDULE A -
SWT INVENTORY SUMMARY

     

     

    TO
BE COMPLETED BY SWT

     

    

    
      	
              Item

            	
              Quantity

            
	
              INVENTORY

            	 
      
	
              Entry
      Portal Stainless Entry Portal

            	
              5

            
	
              GPSTU
      GPS Test Units

            	
              5

            
	
              RF
      889-1092 RF Handheld Reader

            	
              10

            
	
              RF1356-3294
      RF 13.56 MGh Pass...

            	
              3,450

            
	
              RF245-1095
      RF 2.45 GHz Tags

            	
              10,000

            
	
              RF766-89
      Drive/Read Windshi...

            	
              5,000

            
	
              RF89
      RF Scanner Cables

            	
              100

            
	
              RF900-4539
      UHF 900 MGh RF T...

            	
              5,000

            
	
              RF937-22
      RF PVC Hardcard B...

            	
              10,000

            
	
              RFAT40
      RF Testing Label - A...

            	
              10,000

            
	
              RFAT90
      RF Test Bands Anim...

            	
              10,000

            
	
              rfd26-410

            	
              8,000

            
	
              RFDM427-34
      RF Laundry Button T...

            	
              20,000

            
	
              RFEPC30-22
      EPC Compliant Tags

            	
              250,000

            
	
              rfn38-190

            	
              54,000

            
	
              rfn390-24

            	
              50,000.

            
	
              SEP
      225-01 Standard Entry Portal

            	
              12

            
	
              ASSEMBLY

            	 
      
	
              RF
      Reader

            	
              50

            
	
              RF
      Scanner SBand

            	
              24

            
	
              RF
      Scanner UHF Band

            	
              24

            

    

     

    EXHIBIT C TO SCHEDULE A -
SWT INTELLECTUAL PROPERTY

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    
      	
              1)  

            	
              Patent

            

    

     

     

    
      	
              a)  

            	
              One
      (1) Patent [INSERT US
      PATENT NUMBER] filed in the United States on April 10 ,2006 (U.S. Application number
      60/744,586) under the title “Method for incorporating identifying
      tag into apparel” and internationally on May 5, 2006 under the Paris
      Convention (International
      Application Number PCT/2006/017753) under the title “Devices And
      Methods For Tracking, Locating And Providing Protection To Individuals”
      and as of the date of this Agreement
published:

            

    

     

     

    i)  by
the European Patent Office (#2006790238) on 08/20/2007;

     

     

    ii) by
Australia on 08/21/2007 (number 2006244141); and

     

     

    iii) by Canada
on 08/27/2007 (# 2599363).

     

     

    
      	
              2)  

            	
              Trade names &
      Trademarks

            

    

     

     

    
      	
              (a)  

            	
              Smartwear
      TM

            

    

     

     

    
      	
              (b)  

            	
              Erin
      NetworkTM

            

    

     

     

    
      	
              (c)  

            	
              LifelinkTM

            

    

     

     

    
      	
              3)  

            	
              Domain
      Names

            

    

     

     

    
      	
              (a)  

            	
              smartweartechnologies.com

            

    

     

     

    
      	
              (b)  

            	
              erinusa.net

            

    

     

     

    
      	
              (c)  

            	
              globalsecuritynetwork.org

            

    

     

     

    
      	
              (d)  

            	
              globalsecuritynetwork.us

            

    

     

     

    
      	
              (e)  

            	
              lifelink.info

            

    

     

     

    
      	
              4)  

            	
              Websites (all related
      infrastructure, html, code and
content)

            

    

     

     

    
      	
              (a)  

            	
              www.smartweartechnologies.com

            

    

     

     

    
      	
              (b)  

            	
              www.erinusa.net

            

    

     

     

    
      	
              (c)  

            	
              www.lifelink.info

            

    

     

     

    

     

     

    EXHIBIT D TO SCHEDULE A –
SWT CASH AND EQUIVALENTS

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    

     

     

    EXHIBIT E TO SCHEDULE
A–  SWT ACCOUNTS RECEIVABLES

     

     

    

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    

     

     

    EXHIBIT F TO SCHEDULE A -
SWT LICENSES AND PERMITS

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    EXHIBIT G TO SCHEDULE A -
SWT CUSTOMERS CONTRACTS

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    EXHIBIT H TO SCHEDULE A -
SWT SUPPLIERS AND THIRD PARTY CONTRACTS

     

     

    

     

     

    TO
BE COMPLETED BY SWT

     

     

    

     

     

    

     

    

     

    SCHEDULE B – SWT ASSUMED
LIABILITIES

     

     

    

     

     

    This Schedule
B
is made pursuant to and incorporates by reference the terms and conditions of
the Assets Purchase Agreement (the “Agreement”) by and between Global General
Technologies (“GLGT”) and SmartWear Technologies Inc., (“SWT”). Except as set
forth in this Schedule
B,
the Parties agree that the terms and conditions set out in the Agreement apply
and are incorporated by reference into this Schedule
B  All
capitalized terms not defined in this Schedule
B
shall have the meanings set out for such terms in the Agreement.

     

     

    

     

     

    SWT
Assumed
Liabilities:                                                                None

     

     

    

     

     

    

     

     

    

     

     

    

     

    

     

    SCHEDULE C - TERMS OF THE
GLGT PREFERRED STOCK

     

     

    BEING
CERTIFIED RESOLUTIONS OF THE BOARD OF DIRECTORS

     

     

    OF

     

     

    GLOBAL
GENERAL TECHNOLOGIES, INC.

     

     

    RELATING
TO THE CREATION OF THE CLASS C PREFERRED

     

    

     

    This Schedule
C is made pursuant to and incorporates by reference the terms and
conditions of the Assets Purchase Agreement (the “Agreement”) by and between
Global General Technologies (“GLGT”) and SmartWear Technologies Inc., (“SWT”).
Except as set forth in this Schedule
C, the Parties agree that the terms and conditions set out in the
Agreement apply and are incorporated by reference into this Schedule
C.  All capitalized terms not defined in this Schedule
C shall have the meanings set out for such terms in the
Agreement.

     

     

    At the Closing Date, the newly
appointed Board of Directors of GLGT shall adopt the following Resolutions with
regards to the issuance of GLGT Preferred Stock:

     

     

    

     

     

    Certified
Resolutions

     

     

     of

     

     

    The
Board of Directors

     

     

     of

     

     

    Global
General Technologies, Inc.

     

     

    I, Robert Reed, Secretary of Global
General Technologies, Inc., a corporation organized pursuant to the laws of the
State of Nevada, hereby certify as follows:

     

     

    At a
Special Meeting of the Board of Directors of this Corporation held on April _________, 2008,
pursuant to notice duly given, all of the Directors of this Corporation, namely,
Robert Reed, Gene Spatocco, Jordan Spencer, and Jack Wardley, __________ [Plus another]
__________being present in person and by telephone, and, consequently,
there being a Quorum, and with voting throughout, the following resolutions were
unanimously adopted:

     

     

    WHEREAS, this Corporation has
entered into that Certain Asset Purchase Agreement of even date with SmartWear
Technologies, Inc., a Delaware Corporation (“SWT”), a true copy of which
(together with all Schedules and Exhibits) is attached to these Resolutions as
Exhibit
I to Schedule
C (the “Agreement”); and

     

     

    WHEREAS, the closing of the
transactions contemplated by the Agreement (the “Closing”) occurred on April __________, 2008 (the
“Closing Date”);

     

     

    WHEREAS, in order to induce
SWT to enter into the Agreement, this Corporation has offered and agreed to
impose certain restrictions concerning

     

     

    (a)           the
voting powers, designations, preferences, limitations, restrictions and relative
rights of this Corporation’s Preferred Stock, Par Value $0.001 per share, of
which 10,000,000 shares are authorized, and of which -0- shares are issued and
outstanding, currently consisting of

     

     

    (i)           this
Corporation’s Series A Convertible Preferred Stock, and

     

     

    (ii)           this
Corporation’s Series B Convertible Preferred Stock,

     

     

    (A)           said
Series A and B being known, collectively, as this Corporation’s “Preferred
Stock”.

     

     

    N  O  W,   T  H  E  R  E  F  O  R  E,   B
E   I T

     

     

    RESOLVED, that there is hereby
created a new class of this Corporation’s Preferred Stock, to replace this
Corporation’s Series A and B Convertible Preferred Stock, and to be known as
this Corporation’s Series C Preferred Stock, 10,000,000 shares of which shall be
authorized and 10,000,000 shares of which shall be issued to SmartWear pursuant
to the Agreement, a form of Certificate evidencing the voting powers,
designations, preferences, limitations, restrictions and relative rights of the
Series C Preferred Stock being attached to these Resolutions as Exhibit
II to Schedule
C; and, be it

     

     

    FURTHER RESOLVED, that, in
connection with the rights of the Holders of the Series C Preferred Stock to
convert their shares of the Series C Preferred Stock, this Corporation be, and
it hereby is, hereby authorized to do all things necessary to enable such
Holders to do so, including but not limited to authorizing an increased of this
Corporation’s authorized Common Stock from 100,000,000 shares to not more than
333,333,333 shares; and, be it

     

     

    FURTHER RESOLVED, that this
Corporation’s Transfer Agent, namely, Securities Transfer Corporation be, and it
hereby is, hereby authorized and instructed to take directions from Robert Reed
in connection with the issuance of the aforesaid 10,000,000 shares of this
Corporation’s Series C Preferred Stock; and, be it

     

     

    FURTHER RESOLVED, that, Robert Reed be, and he
hereby is, authorized from time to time to do, or cause to be done, all such
other acts and things and to execute and deliver all such instruments and
documents, as he shall deem necessary or appropriate to carry out the business
of this Corporation and purpose and intent of these Resolutions.

     

     

    I further certify that the foregoing
resolution is not contrary to any provision in the charter or by-laws of this
Corporation, that I am the Secretary of this Corporation, and that I have been
duly authorized to make this certificate on behalf of this
Corporation.

     

     

    

     

     

    Robert
Reed, Secretary,

     

     

    Global
General Technologies, Inc.

     

     

    

     

     

    Dated:
April ____, 2008

     

     

    EXHIBIT I TO SCHEDULE C–
ASSET PURCHASE AGREEMENT

     

     

    To be
incorporated

     

     

    EXHIBIT II – TO SCHEDULE C -
CERTIFICATE OF DESIGNATION

     

    

    

    CERTIFICATE
OF DESIGNATION

    OF

    SERIES
C CONVERTIBLE PREFERRED STOCK

    OF

    GLOBAL
GENERAL TECHNOLOGIES, INC.

    

    

     

    GLOBAL GENERAL TECHNOLOGIES,
INC., a corporation organized and existing under the laws of the State of
Nevada (the “Corporation”), hereby certifies that the following resolutions were
duly adopted by the Board of Directors of the Corporation.

     

     

    RESOLVED, that pursuant to the
authority granted to the Board of Directors in accordance with the provisions of
the Corporation’s Certificate of Incorporation, the Board of Directors hereby
authorizes a class of this Corporation’s Preferred Stock, par value $.001 per
share (the “Preferred Stock”), to be issued pursuant to that Certain Asset
Purchase Agreement dated April
________, 2008, by and between this Corporation’s and SmartWear
Technologies, Inc., a Delaware Corporation (“SWT”), the (“Asset
Purchase  Agreement”), which Asset Purchase Agreement is hereby
incorporated by reference; and, be it,

     

     

    FURTHER RESOLVED, that this
Corporation does hereby states the designation and number of shares, and fixes
the relative rights, preferences, privileges and restrictions thereof as
follows:

     

     

    ARTICLE
I - DESIGNATION

     

     

    This Class shall consist of 10,000,000
shares of preferred stock (collectively, the “Preferred Shares” or each, a
“Preferred Share”) and shall be designated the “Series C Convertible Preferred
Stock of Global General Technologies, Inc.” (the “Series C Preferred
Stock”).

     

     

    The date on which a Preferred Share is
issued by this Corporation is referred to herein as the “Issue
Date”.

     

     

    The individual or entity in whose name
a Preferred Share is registered on the books of this Corporation is referred to
herein as a “Holder” and together with each other Holder, as the
“Holders”.

     

     

    ARTICLE
II - DIVIDENDS

     

     

    The Series C Preferred Stock may bear
dividends as the Board of Directors shall determine.

     

     

    ARTICLE
III - PRIORITY IN LIQUIDATION

     

     

    In the
event of (i) any liquidation, dissolution or winding up of the affairs of the
Corporation, either voluntarily or involuntarily, (ii) the commencement of any
insolvency or bankruptcy proceedings, or any receivership, liquidation,
reorganization or other similar proceeding relating to this Corporation or its
assets or (iii) any assignment for the benefit of creditors or any marshalling
of the material assets or material liabilities of the Corporation (each, a
“Liquidation Event”), the Holders shall be entitled to receive, in preference to
the payment of the liquidation preference of any other securities issued by this
Corporation and prior and in preference to any distribution of any of the assets
or surplus funds of the Corporation to the holders of Common Stock or any other
securities of this Corporation, out of the net assets of the Company, in cash,
an amount equal to 105% of the amount paid for the Series C Preferred
Stock.

     

     

    ARTICLE
IV - CONVERSION

     

    

    (a)
Right to Convert; Formula for Conversion

    

    On or after Effective Date of the
Certificate, each Holder shall have the right to convert each Preferred Share
held by him into that number of shares of this Corporation’s Common Stock, par
value $0.001 per share, in accordance with the following formula (the
“Conversion Formula”):

    

    
      	
               
      

            	
              •

            	
              If
      “X” equals the number of shares of this Corporation’s Common Stock as may
      be authorized from time to time after Effective Date of the Certificate,
      but in an aggregate amount not to exceed 333,333,333 shares to be
      authorized,

            

    

    

    
      	
               
      

            	
              •

            	
              then
      70% of “X” divided by 10,000,000 equals the number of shares of this
      Corporation’s Common Stock, par value $0.001 per share, into which each
      one share of the Preferred Stock may be converted, to wit, 23.33333331
      shares of newly issued Common
Stock.

            

    

    

     (b)
Definitive Illustration

    

    In order to avoid misunderstandings,
the following series of factual postulations and the numerical results derived
therefrom shall explain and determine the number of shares of Common Stock a
Holder of the Series C Preferred Stock shall be entitled to receive upon
Conversion:

    

    
      	
               
      

            	
              •

            	
              This
      Corporation is presently authorized to issue 100,000,000 shares of its
      Common Stock.

            

    

    

    
      	
               
      

            	
              •

            	
              This
      Corporation shall have issued all 100,000,000 shares of its Common Stock
      to the shareholders of record before the Closing Date of the Asset
      Purchase Agreement (the “Original
  Shareholders”).

            

    

    

    
      	
               
      

            	
              •

            	
              Subsequently,
      this Corporation shall have authorized the issuance of not more
      than

            

    

    
      	
               
      

            	
              an
      additional 233,333,333 shares of its Common Stock, so that this
      Corporation

            

    

    
      	
               
      

            	
              would
      thereupon be authorized to issue not more than a total of 333,333,333
      shares

            

    

    
      	
               
      

            	
              of
      its Common Stock.

            

    

    

    
      	
               
      

            	
              •

            	
              100,000,000
      shares previously authorized and outstanding
  plus

            

    

    
      	
               
      

            	
              233,333,333
      shares to be newly authorized shall equal a total
  of

            

    

    
      	
               
      

            	
              333,333,333
      shares to be authorized.

            

    

    

    
      	
               
      

            	
              •

            	
              Since,
      pursuant to the Conversion Formula, “X” equals the
  number

            

    

    
      	
               
      

            	
              of
      shares of this Corporation’s Common Stock as may be
    authorized

            

    

    
      	
               
      

            	
              from
      time to time after Effective Date of the Certificate, but in an aggregate
      amount

            

    

    
      	
               
      

            	
              not
      to exceed 333,333,333 shares,

            

    

    

    
      	
               
      

            	
              •

            	
              then,
      it follows that “X” equals 333,333,333
shares.

            

    

    

    
      	
               
      

            	
              •

            	
              Since,
      pursuant to the Conversion Formula, 70% of “X” divided
  by

            

    

    
      	
               
      

            	
              10,000,000
      equals the number of shares of this Corporation’s
  Common

            

    

    
      	
               
      

            	
              Stock,
      par value $0.001 per share, into which each one share of
    the

            

    

    
      	
               
      

            	
              Preferred
      Stock may be converted,

            

    

    

    
      	
               
      

            	
              •

            	
              and
      since 70% of 333,333,333 equals
233,333,333,

            

    

    

    
      	
               
      

            	
              •

            	
              then
      it follows that 233,333,333 shares of Common Stock are to be available for
      issuance upon Conversion.

            

    

    

    
      	
               
      

            	
              •

            	
              Since,
      pursuant to the Conversion Formula, 70% of “X” divided by 10,000,000
      equals the number of shares of this Corporation’s Common Stock, par value
      $0.001 per share, into which each one share of the Preferred Stock may be
      converted,

            

    

    

    
      	
               
      

            	
              •

            	
              and
      since 70% of 333,333,333 equals
233,333,333,

            

    

    

    
      	
               
      

            	
              •

            	
              and
      since 233,333,333 divided by 10,000,000
equals

            

    

    
      	
               
      

            	
              23.33333331,

            

    

    

    
      	
               
      

            	
              •

            	
              then
      it follows that, pursuant to the Conversion Formula, upon conversion, each
      one share of the Preferred Stock is entitled the Holder thereof to
      receive, 23.33333331 shares of this Corporation’s newly issued Common
      Stock.

            

    

     

    (c)
Conversion Notice

     

     

    In order to convert Preferred Shares, a
Holder shall send by facsimile transmission, at any time prior to 11:59 p.m.,
Eastern Time, on the date on which such Holder wishes to effect such Conversion
(the “Conversion Date”), (i) a notice of conversion (a “Conversion Notice”), in
substantially the form of Exhibit
X hereto, to this Corporation [which shall promptly forward such
Conversion Notice to this Corporation’s transfer agent for the Common Stock (the
“Transfer Agent”)] stating the number of Preferred Shares to be converted, and a
calculation of the  number of shares of Common Stock issuable upon
such Conversion and (ii) a copy of the certificate or certificates representing
the Preferred Shares being converted.

     

     

    The Holder shall thereafter send the
original of the Conversion Notice and of such certificate or certificates to
this Corporation. This Corporation shall issue a new certificate for Preferred
Shares in the event that less than all of the Preferred Shares represented by a
certificate delivered to the Corporation in connection with a Conversion are
converted.

     

     

    Except as otherwise provided herein,
upon delivery of a Conversion Notice by a Holder in accordance with the terms
hereof, such Holder shall, as of the applicable Conversion Date, be deemed for
all purposes to be record owner of the Common Stock to which such Conversion
Notice relates.

     

     

    In the case of a dispute between the
Corporation and a Holder as to the calculation of the Conversion Price or the
number of Conversion Shares issuable upon a Conversion, the Corporation shall
promptly issue to such Holder the number of Conversion Shares that are not
disputed and shall submit the disputed calculations to its Independent
accountant within one (1) Business Day of receipt of such Holder’s Conversion
Notice. This Corporation shall cause such accountant to calculate the number of
Conversion Shares issuable upon a Conversion as provided herein and to notify
the Corporation and such Holder of the results in writing no later than two (2)
Business Days following the day on which it received the disputed calculations.
Such accountant’s calculation shall be deemed conclusive absent manifest error.
The fees of any such accountant shall be borne by the party whose calculations
were most at variance with those of such accountant.

     

     

    (d)
Delivery of Common Stock upon Conversion

     

     

    Upon receipt of a Conversion Notice
from a Holder, this Corporation shall instruct its Transfer Agent to deliver to
such Holder, no later than the close of business on the later to occur of (i)
the third (3rd) Business Day following the Conversion Date set forth in such
Conversion Notice and (ii) the Business Day following the day on which such
Holder delivers to the Corporation the certificates representing the Preferred
Shares being converted (the “Delivery Date”), the number of Conversion Shares as
shall be determined as provided in Article 4 (a)
and (b), above.

     

     

    This Corporation shall instruct its
Transfer Agent to effect delivery of Conversion Shares to a Holder by, as long
as the Transfer Agent participates in the Depository Trust Company (“DTC”) Fast
Automated Securities Transfer program (“FAST”), by crediting the account of such
Holder or its nominee at DTC with the Number of Conversion Shares required to be
delivered, no later than the close of business on such Delivery Date. In the
event that its Transfer Agent is not a participant in FAST or if a Holder so
specifies in a Conversion Notice or otherwise in writing, the Corporation shall
instruct its Transfer Agent to effect delivery of Conversion Shares by
delivering to the Holder or its nominee physical certificates representing such
Conversion Shares, no later than the close of business on such Delivery
Date.

     

     

    ARTICLE
V - ADJUSTMENTS; FRACTIONAL SHARES

     

     

    (a)
Adjustments

     

     

    If, prior to the Conversion of all of
the Preferred Shares, there shall be any Stock Split, Stock Dividend, Merger,
Consolidation, Business Combination, Tender Offer, Exchange of Shares,
Recapitalization, Reorganization, Redemption or other similar event, as a result
of which shares of this Corporation’s Common Stock shall be changed into the
same or a different number of shares of the same or another class or classes of
stock or securities of this Corporation or another entity (an “Exchange
Transaction”), then the Holder shall (i) upon the closing of such Exchange
Transaction, have the right to receive, with respect to any shares of Common
Stock then held by such Holder, or which such Holder is then entitled to
receive  pursuant to a Conversion Notice previously delivered by such
Holder, the same amount and type of consideration (including without limitation,
stock, securities and/or other assets) and on the same terms as a holder of
shares of Common Stock would be entitled to receive in connection with such
Exchange Transaction (the “Exchange Consideration”), and (ii) upon the
Conversion of Preferred Shares occurring subsequent to the closing of such
Exchange Transaction, have the right to receive the Exchange Consideration which
such Holder would have been entitled to receive in connection with such Exchange
Transaction had such shares been converted immediately prior to such Exchange
Transaction, and in any such case appropriate provisions shall be made with
respect to the rights and interests of such Holder to the end that the
provisions hereof (including, without limitation, provisions for the adjustment
of the Conversion Price and of the number of shares issuable upon a Conversion)
shall  thereafter be applicable as nearly as may be practicable in
relation to any securities thereafter deliverable upon the Conversion of such
Preferred Shares.

     

     

    (b)
No Fractional Shares

     

     

    If any Conversion would create a
fractional Conversion Share, such fractional Conversion Share shall be
disregarded and the number of Conversion Shares issuable upon such Conversion,
in the aggregate, shall be the next lower number of Conversion
Shares.

     

     

    ARTICLE
VI – MISCELLANEOUS

     

     

    (a)
Transfer of Preferred Shares

     

     

    A Holder may sell or transfer all or
any portion of the Preferred Shares to any person or entity as long as such sale
or transfer is the subject of an effective registration statement under the
Securities Act or is exempt from registration thereunder and otherwise is made
in accordance with the terms of the Asset Purchase Agreement. From and after the
date of such sale or transfer, the transferee thereof shall be deemed to be a
Holder. Upon any such sale or transfer, this Corporation shall, promptly
following the return of the certificate or certificates representing the
Preferred Shares that are the subject of such sale or transfer, issue and
deliver to such transferee a new certificate in the name of such
transferee.

     

     

    (b)  Notices

     

     

    Except as otherwise provided herein,
any notice, demand or request required or permitted to be given pursuant to the
terms hereof, the form or delivery of which  notice, demand
or  request is not otherwise  specified herein, shall be in
writing and shall be deemed  given (i) when delivered personally or by
verifiable facsimile transmission on or before 5:00 p.m., Eastern Time, on a
Business Day or, if such day is not a Business Day, on the next succeeding
Business Day, (ii) on the next Business Day after  timely delivery to
an overnight courier and (iii) on the third Business Day after deposit in the
U.S. Mail (certified or registered mail, return receipt requested, postage
prepaid), addressed to the parties as follows:

     

     

    If to this Corporation,
to

     

    
      	
              Robert
      Reed, CEO

            

    

    
      	
              Global
      General Technologies, Inc.

            

    

    
      	
              10120
      S. Eastern Ave.

            

    

    
      	
              Suite
      200

            

    

    
      	
              Henderson,
      Nevada 89052

            

    

    

     

    And if to any Holder,
to

     

     

    Such
address for such Holder as shall be designated by such Holder in writing to this
Corporation

     

     

    (b)
Lost or Stolen Certificate

     

     

    Upon receipt by this Corporation of
evidence of the loss, theft, destruction or mutilation of a certificate
representing Preferred Shares, and (in the case of loss, theft or destruction)
of indemnity or security reasonably satisfactory to the Corporation, and upon
surrender and cancellation of such certificate if mutilated, this Corporation
shall execute and deliver to the Holder a new certificate identical in all
respects to the original certificate.

     

     

    (c)
Voting Rights Prior to Conversion

     

     

     The holders of the Class C
Preferred Stock shall be entitled to a vote of one vote per share upon any
matter relating to the business or affairs of this Corporation or for any other
purposes to the same extent as the holders of the Common Stock.

     

     

    All Preferred Stock and Common Stock
shall vote as a single class except as otherwise required by law; provided, however, that this
Corporation shall not, without the approval of the holders of the Preferred
Stock voting as a separate class, authorize the issuance of any class or series
of equity securities (either directly or upon conversion of convertible debt or
exercise of warrants or options) that is senior or equal to the Class C
Preferred Stock as to payment of dividends or upon liquidation, dissolution, or
winding up of this Corporation.

     

     

    (d)
Voting Rights After Conversion

     

     

    Once converted, the Holders of Common
Stock received upon Conversion of the Preferred Shares shall have the same
voting rights with respect to the business, management or affairs of this
Corporation; provided that this Corporation shall provide each Holder of the
Preferred with prior notification of each meeting of stockholders (and copies of
proxy statements and other information sent to such stockholders).

     

     

    I hereby certify that the foregoing
Designation is not contrary to any provision in the charter or by-laws of this
Corporation, that I am the Secretary and Chief Executive of this Corporation,
and that I have been duly authorized to make this certificate on behalf of this
Corporation.

     

     

    _____________________________________

    Robert Reed, Secretary and
CEO,

    GLOBAL GENERAL TECHNOLOGIES,
INC.

    Dated: April ____, 2008

    EXHIBIT
X

     

    TO
CERTIFICATE OF DESIGNATION

     

    OF

     

    SERIES
C CONVERTIBLE PREFERRED STOCK

     

    OF

     

    GLOBAL
GENERAL TECHNOLOGIES, INC.

     

    

     

    NOTICE
OF CONVERSION

     

    The undersigned hereby elects to
convert shares of Series C Convertible Preferred Stock (the “Preferred Stock”),
represented by stock certificate No(s). ________________ (the “Preferred Stock
Certificates”), into shares of common stock (the “Common Stock”) of Global
General Technologies, Inc. according to the terms and conditions of the
Certificate of Designation relating to the Series C Preferred Stock (the
“Certificate of  Designation”), as of the date written
below.

     

     

    Capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in the
Certificate of Designation.

     

     

    

     

    
      	
              Date
      of Conversion:

            	
              _____________________________

               

            
	
              Number
      of Shares of Preferred Stock to be converted:

            	 
      
	
              Number
      of Shares of Common Stock to be issued:

            	 
      

    

    

    
      	
              Name
      and Address of Holder:

            	 
      

    

    

    
      	
               

              Signature
      of Holder:

            	 
      

    

    

    
      	
              Holder
      Requests Delivery to be made: (check one)

            
	
              · By
      Delivery of Physical Certificates to the Above Address

            	 
      
	
              · Through
      Depository Trust Corporation (Account)

            	 
      

    

     

    

     

     

    

     

    

     

    SCHEDULE D – UNAUDITED
FINANCIAL STATEMENTS OF SWT

     

    

    TO
BE COMPLETED BY SWT

    

    

     

    SCHEDULE E – AUDITED
FINANCIAL STATEMENTS OF SWT

     

    

    TO
BE COMPLETED BY SWT

    

    

    

     

    SCHEDULE F – RESOLUTION OF
THE BOARD OF DIRECTORS OF GLGT RELATING TO APPROVAL OF THE
ASSET PURCHASE AGREEMENT BY GLGT

     

     

    

     

    CERTIFIED
RESOLUTIONS OF THE BOARD OF DIRECTORSOF

    GLOBAL
GENERAL TECHNOLOGIES, INC.

    

     

    I, Gary
T. Stroud, Secretary of Global General Technologies, Inc., a corporation
organized pursuant to the laws of the State of Nevada, hereby certify as
follows:

     

     

    At a Special Meeting of the Board of
Directors of this Corporation held on  April_________, 2008, pursuant
to notice duly given, the sole Director of this Corporation, namely, Gary T.
Stroud, being present, and, therefore, consequently, there being a Quorum, and
with voting throughout, the following resolutions were unanimously
adopted:

     

     

    WHEREAS,
this Corporation wishes to enter into that Certain Asset Purchase Agreement of
even date with SmartWear Technologies, Inc., a Delaware Corporation (“SWT”), a
true copy of which (together with all Schedules and Exhibits) is attached to
these Resolutions as Exhibit I
(the “Agreement”); and

     

     

    WHEREAS,
the Board of Directors of this Corporation has determined that it is in the best
interest of this Corporation and its Shareholders to enter into and perform
under the Agreement.

     

     

    NOW,
THEREFORE, BE IT

     

     

    RESOLVED,
that Gary T. Stroud be, and he hereby is, authorized and directed to execute the
Agreement on behalf of this Corporation; and, be it

     

     

    FURTHER
RESOLVED, that, Gary T. Stroud be, and he hereby is, authorized from time to
time to do, or cause to be done, all such other acts and things and to execute
and deliver all such instruments and documents, as he shall deem necessary or
appropriate to carry out the business of this Corporation and purpose and intent
of these Resolutions.

     

     

    I further certify that the foregoing
resolution is not contrary to any provision in the charter or by-laws of this
Corporation, and that I have been duly authorized to make this certificate on
behalf of this Corporation.

     

    Gary T.
Stroud,

    Secretary,
Global General Technologies, Inc.

    Dated:
April ___, 2008

    

     

    SCHEDULE G – RESOLUTION OF
THE BOARD OF DIRECTORS OF SWT

     

    

    

    TO
BE COMPLETED BY SWT

    

     

    SCHEDULE H – RESOLUTION OF
THE SHAREHOLDERS OF SWT

     

    

    

    TO
BE COMPLETED BY SWT

    

     

    SCHEDULE I – COVENANTS OF
GLGT

     

     

    This Schedule I is made pursuant to and
incorporates by reference the terms and conditions of the Assets Purchase
Agreement (the “Agreement”) by and between Global General Technologies (“GLGT”)
and SmartWear Technologies Inc., (“SWT”). Except as set forth in this Schedule
I, the Parties agree that the terms and conditions set out in the Agreement
apply and are incorporated by reference into this Schedule I.  All
capitalized terms not defined in this Schedule I shall have the meanings set out
for such terms in the Agreement.

     

     

    GLGT and SWT hereby covenant that, in
accordance with Section 3.01
(b) and (c)
of the Agreement, the three (3) following Resolutions of the Board of Directors
of GLGT shall be adopted and duly executed by GLGT on the Date of the
Closing:

     

     

    1) New Directors of
GLGT:

     

    

    Certified
Resolutions

    of

    The
Board of Directorsof

    Global
General Technologies, Inc.

    

     

    I, Gary
T. Stroud, Secretary of Global General Technologies, Inc., a corporation
organized pursuant to the laws of the State of Nevada hereby certify as
follows:

     

     

    At a
Special Meeting of the Board of Directors of this Corporation held on April
_________, 2008, pursuant to notice duly given, there being a quorum present,
and with voting throughout, the following resolutions were unanimously
adopted:

     

     

    WHEREAS, Robert Reed, Gene
Spatocco, Jordan Spencer, and Jack Wardley, __________ [Plus another ]
__________ have agreed to become Directors of this Corporation; and

     

     

    WHEREAS, the Board of Directors
of this Corporation wishes to appoint Robert Reed, Gene Spatocco, Jordan
Spencer, and Jack Wardley, __________ [ Plus another ] __________ to the
Board;

     

     

    
      	
               
      

            	
              NOW,
      THEREFORE, BE IT

            

    

     

     

    RESOLVED, that, pursuant to
Chapter 78, Nevada Revised Statutes, Robert Reed, Gene Spatocco, Jordan Spencer,
and Jack Wardley, __________ [ Plus another ] __________ be, and they,
appointed  Directors of this Corporation to act as such until their
respective successors are duly elected or appointed.

     

     

    I further
certify that the foregoing resolution is not contrary to any provision in the
charter or by-laws of this Corporation, that Robert Reed, Gene Spatocco, Jordan
Spencer, and Jack Wardley, __________ [ Plus another ] __________ now are
Directors of this Corporation, and that I have been duly authorized to make this
certificate on behalf of this Corporation.

     

     

    _____________________________________

     

     

    Gary T. Stroud,

     

     

    Secretary,
Global General Technologies, Inc.

     

     

    Dated: April ______,
2008

     

     

    

     

     

    

     

     

    2) New Officers of
GLGT:

     

     

    

     

    CERTIFIED
RESOLUTIONS OF THE BOARD OF DIRECTORSOF

    GLOBAL
GENERAL TECHNOLOGIES, INC.

     

    I, _____[ Name of Secretary ]
_________, Secretary of Global General Technologies, Inc., a corporation
organized pursuant to the laws of the State of Nevada (this “Corporation”)
hereby certify as follows:

     

     

    At a
Special Meeting of the Board of Directors of this Corporation held on April
_________, 2008, pursuant to notice duly given, there being a quorum present,
and with voting throughout, the following resolutions were unanimously
adopted:

     

     

    WHEREAS,
Robert Reed, Gene Spatocco, Jordan Spencer, and Jack Wardley, __________ [ Plus
another ] __________ have been appointed as Directors of this Corporation to act
as such until their respective successors are duly elected or
appointed;

     

     

    WHEREAS,
Gary T. Stroud, this Corporation’s incumbent President and Secretary, and Guy K.
Stewart, Jr., this Corporation’s former Counsel, wishes to resign as the
President and Secretary and Counsel, respectively, of this
Corporation;

     

     

    WHEREAS,
the Board of Directors of this Corporation wishes to appoint the following named
Persons to be the following Officers of this Corporation:

     

     

    
      	
               
      

            	
              Name
      of Person

            	
              Position

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              President

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Vice-President

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Treasurer

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Secretary

            

    

     

     

    and

     

     

    WHEREAS,
as a condition  to becoming Officers this Corporation,
_____  [Name] _____,  _____  [Name]
_____,  _____  [Name]
_____,  _____  [Name] _____, and _____  [Name]
_____ have required that this Corporation indemnify and hold them harmless to
the fullest extent contemplated and permitted by the Laws of
Nevada.

     

     

    
      	
               
      

            	
              NOW,
      THEREFORE, BE IT

            

    

     

     

    RESOLVED,
that this Corporation accepts the resignations of Mr. Stroud and Mr. Stewart,
and in recognition of the benefits they bestowed upon this Corporation during
their tenure of office and association with this Corporation, this Corporation
agrees to indemnify and hold harmless Gary T. Stroud and Guy K. Stewart, Jr. to
the fullest extent contemplated and permitted by the Laws of Nevada for such
time until any and all Statutes of Limitation and Laches for any and all causes
or claims, which may be brought against them, whether (i) directly or indirectly
arising in connection with their activities associated with this Corporation,
and (ii) whether or not cognizable at law or in equity or otherwise, shall have
expired, plus 180 days thereafter; and, be it

     

     

    FURTHER
RESOLVED, that, pursuant to Chapter 78, Nevada Revised Statutes, following named
Persons to be the following Officers of this Corporation:

     

     

    
      	
               
      

            	
              Name
      of Person

            	
              Position

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              President

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Vice-President

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Treasurer

            

    

     

     

    
      	
               
      

            	
              _____  [Name]
      _____

            	
              Secretary

            

    

     

     

    and, be
it

     

     

    FURTHER
RESOLVED, that this Corporation agrees to indemnify nd hold
harmless  _____  [Name]
_____,  _____  [Name]
_____,  ____  [Name]
_____,  _____  [Name] _____, and _____  [Name]
_____ to the fullest extent contemplated and permitted by the Laws of Nevada for
such time until any and all Statutes of Limitation and Laches for any and all
causes or claims, which may be brought against them, whether (i) directly or
indirectly arising in connection with their activities associated with this
Corporation, and (ii) whether or not cognizable at law or in equity or
otherwise, shall have expired, plus 180 days thereafter; and, be it

     

     

    FURTHER
RESOLVED, that this Corporation’s Transfer Agent, Securities Transfer
Corporation be, and it hereby is, hereby authorized and instructed to take
directions from _____[ Name of Officer ] _________ and _____[ Name of Officer ]
_________ in connection with the transfer, conveyance, sale, and assignment of
securities of this Corporation, and, be it

     

     

    FURTHER
RESOLVED, that, Robert Reed, Gene Spatocco, Jordan Spencer, and Jack Wardley,
__________ [ Plus Officer??? ] __________ be, and they hereby are, authorized
from time to time to do, or cause to be done, all such other acts and things and
to execute and deliver all such instruments and documents, as they shall deem
necessary or appropriate to carry out the business of this Corporation and
purpose and intent of these Resolutions.

     

     

    I further certify that the foregoing
resolution is not contrary to any provision in the charter or by-laws of this
Corporation, and that I have been duly authorized to make this certificate on
behalf of this Corporation.

     

     

    
      	
               
      

            	
              _____________________________________

            

    

     

     

    
      	
               
      

            	
              _____[
      Name of Secretary ] _________

            

    

     

     

    
      	
               
      

            	
              Secretary,
      Global General Technologies, Inc.

            

    

     

     

    
      	
               
      

            	
              Dated:
      April ______, 2008

            

    

     

     

    

     

     

    3) Binding Resolution relating
to the Reverse Splits of GLGT’s Common Stock

     

     

    

     

    CERTIFIED
RESOLUTIONS OF THE BOARD OF DIRECTORS

    OF

    GLOBAL
GENERAL TECHNOLOGIES, INC.

    RELATING
TO STOCK SPLITS

     

    I, Robert Reed, Secretary of Global
General Technologies, Inc., a corporation organized pursuant to the laws of the
State of Nevada, hereby certify as follows:

     

     

    At a Special Meeting of the Board of
Directors of this Corporation held on April _________, 2008,
pursuant to notice duly given, all of the Directors of this Corporation, namely,
Robert Reed, Gene Spatocco, Jordan Spencer, and Jack Wardley, __________ [ Plus another ]
__________being present in person and by telephone, and, consequently,
there being a Quorum, and with voting throughout, the following resolutions were
unanimously adopted:

     

     

    WHEREAS,
this Corporation has entered into that Certain Asset Purchase Agreement of even
date with SmartWear Technologies, Inc., a Delaware Corporation (“SWT”), a true
copy of which (together with all Schedules and Exhibits) is attached to these
Resolutions as Exhibit
I (the “Agreement”); and

     

     

    WHEREAS,
the closing of the transactions contemplated by the Agreement (the “Closing”)
occurred on April __________,
2008 (the “Closing Date”);

     

     

    WHEREAS,
in order to induce SWT to enter into the Agreement, this Corporation has offered
and agreed to impose certain restrictions concerning Stock Splits of this
Corporation’s Common Stock, and

     

     

    NOW,
THEREFORE, BE IT

     

     

    RESOLVED,
that that the first two Reverse Splits of this Corporation’s Common Stock (the
“First Permitted Reverse Split” and the “Second Permitted Reverse Split”) shall
be subject to the following limitations:

     

     

    (a)           provided
that, if on any day after the 180th day
following the Closing Date, the Closing Bid Price of the Common Stock shall on
that day be at least $0.50 per share on all markets in which this Corporation’s
Common Stock is trading, then, on or after any such day, this Corporation may
affect the First Permitted Reverse Split; and,

     

     

    (b)           thereafter,
if any on day after the 180th day following the Effective Date of the First
Reverse Split, the Closing Bid Price of the Common Stock shall on that day be at
least $0.50 per share on all markets in which this Corporation’s Common Stock is
trading, then, on or after any such day, this Corporation may affect the Second
Permitted Reverse Split.

     

     

    (c)           as
to both Permitted Reverse Splits, the ratio by which a shareholder’s holding of
the Shares of the Common Stock of this Corporation may be decreased shall not be
greater than 5-to-3, so that for every five shares of the Common Stock held by a
shareholder on each of the Effective Dates of the First Permitted Reverse Split
and the Second Permitted Reverse Split, respectfully, said shareholder would
receive not less than three shares as a result of each on the Effective Date of
the First Permitted Reverse Split and the Second Permitted Reverse Split,
respectfully; and, be it

     

     

    FURTHER
RESOLVED, that this Corporation’s Transfer Agent, namely, Securities Transfer
Corporation be, and it hereby is, hereby authorized and instructed to take
directions from Robert Reed in connection with the issuance of the aforesaid
Stock Splits and, be it

     

     

    FURTHER
RESOLVED, that, Robert Reed be, and he
hereby is, authorized from time to time to do, or cause to be done, all such
other acts and things and to execute and deliver all such instruments and
documents, as he shall deem necessary or appropriate to carry out the business
of this Corporation and purpose and intent of these Resolutions.

     

     

    I further certify that the foregoing
resolution is not contrary to any provision in the charter or by-laws of this
Corporation, that I am the Secretary of this Corporation, and that I have been
duly authorized to make this certificate on behalf of this
Corporation.

     

     

    
      	
               
      

            	
              _____________________________________

            

    

     

     

    
      	
               
      

            	
              Robert
      Reed, Secretary,

            

    

     

     

    
      	
               
      

            	
              Global
      General Technologies, Inc.

            

    

     

     

    
      	
               
      

            	
              Dated:
      April ____, 2008[EXHIBIT 10.1]

                       EMPLOYEE AGREEMENT

     THIS EMPLOYEE AGREEMENT made as of January 1, 2008, by and
between Third-Order Nanotechnologies, Inc., a Nevada corporation
(the "Company"), whose principal place of business is at 2601
Annand Dr., #16, Wilmington, Delaware 19808; and Harold R.
Bennett ("Employee"), who resides at 115 Old Vine Way, Napa
Valley, California 94558.

     WHEREAS, the Company is in the process of developing
commercial prototypes of its high-activity, high- stability
organic polymers for commercial applications in the existing and
future electro-optical device markets.

     WHEREAS, the Company has engaged Employee as its Chief
Executive Officer to assist it in, among other things, developing
its business plan.

     WHEREAS, the Company wishes to procure the services of
Employee under the terms and conditions set forth and Employee
wishes to be employed on these terms and conditions.

     WHEREAS, the parties to this Employee Agreement wish to
enter into a written expression of their relationship as Employer
and Employee.

     THEREFORE, in consideration of the agreements contained in
this Employee Agreement, the parties, intending to be legally
bound, agree as follows:

                          ARTICLE 1
                         Employment

     1.1.   Employment. The Company agrees to employ Employee, and
            ----------
Employee accepts employment with the Company, on and subject to
the terms and conditions set forth in this Employee Agreement.

     1.2.   Term.  Subject to the provisions for termination as
            ----
provided in Article 9 of this Employee Agreement, the term of
this agreement (the "Term") shall begin on January 1, 2008 and
shall terminate 12 months thereafter.  This Employee Agreement
shall be automatically renewed for successive 3 month terms
unless either party gives notice of its intention not to renew by
delivering written notice to the other party not less than 30
days prior to the expiration of the existing term.

                          ARTICLE 2
                           Duties

     2.1.   Position and Duties. The Company agrees to employ
            -------------------
Employee to act as its Chief Executive Officer. Employee shall be
responsible for performing the duties as described on Appendix A
attached hereto and made a part hereof. Employee agrees that he
will serve the Company faithfully and to the best of his ability
during the term of employment, under the direction of the board
of directors of the Company. The Company and Employee may jointly
from time to time to change the nature of Employee's duties and
job title.

                              1
<PAGE>

     2.2.   Time Devoted to Work.  Employee agrees that he will
            --------------------
devote all of the necessary business time, attention, and
energies, as well as Employee's best talents and abilities to the
business of the Company in accordance with the Company's
instructions and directions.  Employee may engage in other
business activities unrelated to the Company during the term of
this Employee Agreement so long as such other business activities
do not interfere with the terms and conditions of this Employee
Agreement.

                          ARTICLE 3
                     Place of Employment

     3.1.   Place of Employment.   Employee shall perform his
            -------------------
duties under this Employee Agreement at 115 Old Vine Way, Napa
Valley, California, 94558.

                          ARTICLE 4
                   Compensation of Employee

     4.1.   Base Compensation.  For all services rendered by
            -----------------
Employee under this Employee Agreement, the Company agrees to pay
Employee the rate of $10,000 per month, which shall be payable to
Employee not less frequently than monthly, or as is consistent
with the Company's practice for its other employees.

     4.2.   Other Compensation.  Prior to the date of this Employee
            ------------------
Agreement, Employee received other compensation as more fully
described on Appendix B, attached hereto and made a part hereof.

     4.3.   Reimbursement for Business Expenses.  Subject to the
            -----------------------------------
approval of the Company, the Company shall promptly pay or
reimburse Employee for all reasonable business expenses incurred
by Employee in performing Employee's duties and obligations under
this Employee Agreement, but only if Employee properly accounts
for expenses in accordance with the Company's policies.

                          ARTICLE 5
               Vacations and Other Paid Absences

     5.1.   Vacation Days.  Employee shall be entitled to the
            -------------
same paid vacation days each calendar year during the term of
this Employee Agreement as authorized by the Company for its
other employees.

     5.2.   Holidays.   Employee shall be entitled to the same
            --------
paid holidays as authorized by the Company for its other
employees.

     5.3.   Sick Days and Personal Absence Days.  Employee shall
            -----------------------------------
be entitled to the same number of paid sick days and personal
absence days as authorized by the Company for its other
employees.

                              2
<PAGE>

                          ARTICLE 6
                    Key Man Life Insurance

     During the term of this Employee Agreement, the Company
shall maintain in effect a key man life insurance policy on the
life of Employee in the face amount of $1,000,000 or such higher
amount as the Company shall in its sole discretion decide to
maintain during the term of this Employee Agreement.  Any
proceeds payable under the policy shall be paid to the Company.

                          ARTICLE 7
                       Fringe Benefits

     Employee shall be entitled to participate in and receive
benefits from all of the Company's employee benefit plans that
are now, or in the future may be, maintained by the Company for
its employees, including, without limitation, the Company's
health insurance plan. No amounts paid to Employee from an
employee benefit plan shall count as compensation due Employee as
base salary or additional compensation.  Nothing in this Employee
Agreement shall prohibit the Company from modifying or
terminating any of its employee benefit plans in a manner that
does not discriminate between Employee and other Company
employees.

                          ARTICLE 8
              Maintenance of Liability Insurance

     So long as Employee shall serve as an executive officer of
the Company pursuant to this Employee Agreement, the Company
shall obtain and maintain in full force and effect a policy of
director's and officer's liability insurance in reasonable
amounts from an established and reputable insurer. In all
policies of such insurance, Employee shall be named as an insured
in such manner as to provide Employee the same rights and
benefits as are accorded to the most favorably insured of the
Company's officers or directors.

     Notwithstanding the above, the Company shall have no
obligation to obtain or maintain director's and officer's
liability insurance if the Company determines in good faith that
such insurance is not reasonably available, the premium costs for
such insurance are disproportionate to the amount of coverage
provided or the coverage provided by such insurance is so limited
by exclusions that there is insufficient benefit from such
insurance.

                          ARTICLE 9
                  Termination of Employment

     9.1.   Termination of Employment. Employee's employment
            -------------------------
hereunder shall automatically terminate upon (i) his death; (ii)
the expiration of the Term; or (iii) Employee voluntarily leaving
the employ of the Company.

     9.2.   Termination For Employee's Failure to Meet Performance
            ------------------------------------------------------
Standard.  Employee's employment with the Company shall
--------
terminate, at the Company's discretion, upon 15 days prior
written notice to Employee if the Company terminates his
employment hereunder for "cause". For purposes hereof, "cause"

                              3
<PAGE>

shall include (i) Employee's willful malfeasance, misfeasance,
nonfeasance or gross negligence, (ii) any willful
misrepresentation or concealment of a material fact made by
Employee in connection with this Employee Agreement; (iii) the
willful breach of any covenant made by Employee hereunder; or
(iv) the failure of Employee to meet the performance standards
more fully described in Appendix A attached hereto and made a
part hereof.

     Notwithstanding the above, if the Employee is terminated by
the Company without cause, the Company shall be obligated to pay
to Employee the compensation set forth in Section 4 hereof for
the remainder of the Term.

                         ARTICLE 10
                  Confidential Information

     10.1.  Disclosures While Employed by the Company.  Employee
            -----------------------------------------
acknowledges that, in performing the duties required by this
Employee Agreement, Employee will be making use of, acquiring
and adding to the confidential and proprietary information of
the Company and/or those persons or entities directly or
indirectly controlling or controlled by, or under direct
or indirect common control with, the Company (each an
"Affiliate" and collectively, the "Affiliates"), which (i) is of
a special nature and value, (ii) is not public information or is
not generally known or available to the Company's and/or the
Affiliates' competitors, (iii) is known only by the Company
and/or the Affiliates and those of their respective employees,
independent contractors, consultants, suppliers, customers or
agents to whom such data and information must be confided in
order to apply it to the uses intended, and (iv) relates to
matters such as, but not limited to, the Company's and the
Affiliates' respective methods of operation, internal structure,
financial affairs, programs, software, equipment and techniques,
existing and contemplated facilities, products and services, know-
how, inventions, systems, devices (whether or not patentable),
methods, ideas, procedures, manuals, confidential studies and
reports, lists of suppliers and customers and prospective
suppliers and customers, financial information and practices,
plans, pricing, selling techniques, sales and marketing programs
and methods, names, addresses and telephone numbers of the
Company's and/or the Affiliates' suppliers and customers, credit
and financial data of the Company's and/or the Affiliates'
suppliers and customers, particular business requirements of the
Company's and/or the Affiliates' suppliers and customers, special
methods and processes involved in designing, producing and
selling the Company's and/or the Affiliates' products and
services, any other information related to the Company's and/or
the Affiliates' suppliers and customers that could be used as a
competitive advantage by the Company's and/or the Affiliates'
competitors if revealed or disclosed to such competitors or to
persons or entities revealing or disclosing same to such
competitors, and all "trade secrets" (as that term is defined in
O.C.G.A.  s. 10-1-761, as amended) of the Company and/or the
Affiliates, all of which, together with any and all extracts,
summaries and photo, electronic or other copies or reproductions,
in whole or in part thereof, stored in whatever medium (including
electronic or magnetic), shall be deemed the Company's and/or the
Affiliates' exclusive property, as applicable, and shall be
deemed to be "Confidential Information."  Employee acknowledges
that the Confidential Information has been and will continue to
be of central importance to the business of the Company and the
Affiliates, and that disclosure of it to, or its use by, others
could cause substantial loss to the Company and the Affiliates.

                              4
<PAGE>

In consideration of Employee's employment hereunder, Employee
agrees that, at all times during the Term, and (i) with respect
to all Confidential Information constituting "trade secrets," for
so long thereafter as such Confidential Information continues to
constitute "trade secrets" (or for the period beginning on the
last day of the Term and ending five (5) years thereafter,
whichever is longer); and (ii) with respect to all Confidential
Information not constituting "trade secrets," for the period
beginning on the last day of the Term and ending five (5) years
thereafter, Employee shall not, directly or indirectly, use,
divulge or disclose to any person or entity, other than those
persons or entities employed or engaged by the Company who or
which are authorized to receive such information, any of such
Confidential Information, and Employee shall hold all of the
Confidential Information confidential and inviolate and will not
use such Confidential Information against the best interests of
the Company or any of the Affiliates.

     10.2.  Disclosures After Employment Terminates; Return of
            --------------------------------------------------
Records.  Employee acknowledges and agrees that all supplier,
-------
customer, employee and contractor files, contracts, agreements,
financial books, records, instruments and documents, supplier and
customer lists, memoranda, data, reports, sales documentation and
literature, software, rolodexes, telephone and address books,
letters, research, listings, and any other instruments, records
or documents relating or pertaining to (i) the customers or
suppliers of the Company and/or any of the Affiliates serviced by
or serving the Company, any of the Affiliates or Employee, (ii)
the duties performed hereunder by Employee, or (iii) the business
of the Company and/or any of the Affiliates (collectively, the
"Records") shall at all times be and remain the exclusive
property of the Company and/or the Affiliates, as applicable.
Upon termination of Employee's employment hereunder for any
reason whatsoever, Employee shall promptly return to the Company
all Records (whether furnished by the Company or any of the
Affiliates or prepared by Employee), and Employee shall neither
make nor retain, nor allow any third party to make or retain, any
photo, electronic or other copy or other reproduction of any of
such Records after such termination.

     10.3   Assignment of Inventions and Works Made for Hire.
            ------------------------------------------------
Employee hereby irrevocably assigns and transfers, and agrees to
assign and transfer, to the Company all of Employee's right,
title and interest in and to any and all Inventions and Works
Made for Hire (each as hereinafter defined) made, generated or
conceived by Employee at any time during the Term, whether alone
or with the assistance of others, whether or not made, generated
or conceived during normal business hours, and whether or not his
employment with the Company is hereafter terminated for any
reason whatsoever.  For purposes of this Employee Agreement,
"Inventions" shall mean any and all discoveries, improvements,
innovations, ideas, formulae, devices, systems, software
programs, processes, products and any other creations similar
thereto which pertain or relate to the Company's electro-optical
polymer technology.  For purposes of this Employee Agreement,
"Works Made for Hire" shall mean any and all "work made for
hire", as that term is defined in Section 101 of the United
States Copyright Law, Title 17 of the United States Code, as
amended.  Upon the Company's request, Employee will promptly
execute and sign any and all applications, assignments, and other
documents, and will promptly render all assistance, which may be
reasonably necessary for the Company to obtain patent, copyright
or any other form of intellectual property protection.

                              5
<PAGE>

                         ARTICLE 11
                    Protective Covenants

     Employee acknowledges that his specialized skills, abilities
and contacts are important to the success of the Company, and
agrees that he shall faithfully and strictly adhere to the
following covenants:

     11.1.  Non-competition. Employee acknowledges that by
            ---------------
reason of the character and nature of the Company's business
activities and operations, and further by reason of the scope of
the territory in which Employee will perform the services under
this Employee Agreement, in order to protect the Company's
legitimate business interests it is necessary for Employee to
agree not to engage in certain specified activities in such
territory at any time during the Term of this Employment
Agreement and for a period of time thereafter.  Therefore, at all
times during the Term, and for a period of five (5) years
thereafter, Employee will not, directly or indirectly, within the
Territory (as defined below), (a) for himself, in his capacity as
a Competing Business, (b) as a consultant, manager, supervisor,
employee or owner of a Competing Business (as defined below), or
(c) as an independent contractor for a Competing Business, engage
in any business in which Employee provides services which are the
same as or substantially similar to the services Employee is
providing hereunder. "Competing Business" shall mean any person,
business or entity who or which sells, markets or distributes
products and/or sells, furnishes or provides services
substantially the same as those sold, marketed, distributed,
furnished or supplied or expected to be sold, marketed,
distributed, furnished or supplied by the Company during the
Term. "Territory" shall mean the (i) the United States of
America; (ii) any market area that the Company conducts its
business; or (iii) any contemplated market area that the Company
intends to conduct its business within the following five (5)
years of the date of Employee's termination. "Contemplated Market
Area" shall mean any market area which the Company has evaluated,
is evaluating, or expects to evaluate and the Company has a
reasonable expectation that the Company will conduct business in
such area. Employee agrees that he and the Company may amend the
definition of "Territory" from and after the date hereof to
reflect any significant contraction or expansion of the
geographical area in which he performs the services hereunder.

     11.2   Non-solicitation of Customers. Employee agrees that all
            -----------------------------
customers whose relationships are managed by Employee, or with
whom Employee has contact during the Term, are the Company's
customers, and that all fees and revenues produced from such
relationships or contacts are the exclusive property of the
Company.  Employee hereby waives and releases all claims and
rights of ownership to such customer relationships, fees and
revenues.  Furthermore, at all times during the Term and for a
period of five (5) years thereafter, Employee will not directly
or indirectly, on his own behalf or on behalf of any person,
firm, partnership, association, corporation, business
organization, entity or enterprise, solicit, call upon or attempt
to solicit or call upon, any customer or prospective customer of
the Company, or any representative of any customer or prospective
customer of the Company, with a view to the sale or provision of
any product or service competitive or potentially competitive
with any product or service sold or provided, or under
development, by the Company at any time during the shorter in
duration of the Term and the last five (5) years thereof;
provided that the restrictions set forth in this sentence shall
apply only to customers or prospective customers of the Company,

                              6
<PAGE>

or representatives of customers or prospective customers of the
Company, with which Employee had contact at any time during the
shorter in duration of the Term and the last five (5) years
thereof.

     11.3   Non-solicitation of Employees and Independent
            ---------------------------------------------
Contractors.  At all times during the Term and for a period of
-----------
five (5) years thereafter, Employee will not directly or
indirectly solicit or encourage any employee or independent
contractor of the Company to leave such employment or engagement
with the Company, or directly or indirectly employ or engage in
any capacity any former employee or independent contractor of the
Company, unless such former employee or independent contractor of
the Company shall have ceased to be so employed or engaged by the
Company for a period of at least two (2) years immediately prior
to such action by Employee.

                         ARTICLE 12
                        Construction

     Employee acknowledges and agrees that the covenants and
agreements contained in Sections 10 and 11 of this Employee
Agreement are the essence of this Employee Agreement, and that
each of such covenants and agreements is reasonable and necessary
to protect and preserve the interests and business of the
Company.  Employee further acknowledges and agrees that: (i) each
of such covenants and agreements is separate, distinct and
severable, not only from the other of such covenants and
agreements, but also from the remaining provisions of this
Employee Agreement, (ii) the unenforceability of any such
covenants or agreements shall not affect the validity or
enforceability of any other such covenants or agreements or any
other provision or provisions of this Employee Agreement, and
(iii) in the event any court of competent jurisdiction or
arbitrator, as applicable, determines, rules or holds that any
such covenant or agreement hereof is overly broad or against the
public policy of the state, then said court or arbitrator, as the
case may be, is specifically authorized to reform and narrow said
covenant or agreement to the extent necessary to make said
reformed and narrowed covenant or agreement valid and enforceable
to the maximum enforceable restriction permitted by law.

                         ARTICLE 13
                          Remedies

     It is specifically understood and agreed that (i) any breach
of any of the provisions of Section 10 or 11 of this Employee
Agreement is likely to result in irreparable injury to the
Company, (ii) the remedy at law alone will be an inadequate
remedy for such breach, and (iii) in addition to any other remedy
it may have for such breach, the Company shall be entitled to
enforce the specific performance of this Employee Agreement by
Employee and to seek both temporary and permanent injunctive
relief (to the extent permitted by law) without the necessity of
proving actual damages.  Notwithstanding any other provision of
this Employee Agreement to the contrary, any and all obligations
of the Company to pay any compensation to Employee for any reason
shall cease and terminate upon the breach by Employee of any of
the obligations of Employee under Sections 10 or 11 of this
Employee Agreement.

                              7
<PAGE>

                         ARTICLE 14
        Existing Restrictive Covenants and Indemnification

     Employee represents and warrants that (i) Employee is not a
party to or subject to any outstanding contract, agreement or
order whereby Employee is prohibited from entering into this
Employee Agreement, or any outstanding restrictive covenant or
noncompetition agreement which would interfere with or prevent
Employee's employment hereunder as contemplated by this Employee
Agreement; (ii) Employee has performed any and all duties or
obligations that he may have under any contract or agreement with
a former Employer or other party, including, without limitation,
the return of all confidential materials; and (iii) Employee is
currently not in possession of any confidential materials or
property belonging to any such former Employer or other party.
Employee acknowledges and agrees that he shall advise the Company
in the event that his duties with the Company should be changed
or enlarged in such a manner as to conflict with any such prior
contract, agreement, order or restrictive covenant.  Without
limitation on any other rights or remedies available to the
Company with respect to Employee's breach of his obligations
hereunder, Employee shall defend, indemnify and hold the Company,
the Affiliates, and each of their respective shareholders,
officers, directors, employees, counsel, agents, affiliates and
assigns (collectively, the "Company Indemnities") harmless from
and against any and all direct or indirect demands, claims,
payments, obligations, recoveries, deficiencies, fines,
penalties, assessments, actions, causes of action, suits, losses,
diminution in the value of assets of the Company, compensatory,
punitive, exemplary or consequential damages (including, without
limitation, lost income and profits and interruptions of
business), liabilities, costs, expenses, and interest on any
amount payable to a third party as a result of the foregoing,
whether accrued, absolute, contingent, known, unknown or
otherwise asserted against, imposed upon or incurred by Company
Indemnities, or any of them, by reason of or resulting from,
arising out of, based upon or otherwise in respect of (1) any
conflict between Employee's employment hereunder and any prior
employment, duty, contract, express or implied agreement, order
or restrictive covenant, or (2) any misrepresentation by Employee
hereunder as to any facts which are the subject matter of any
conflict or violation of any prior contract, agreement, order or
restrictive covenant on the part of Employee.

                         ARTICLE 15
                 Notice to Future Employers

     If Employee's employment hereunder terminates for any
reason, (i) Employee shall, during the five (5) year period after
the effective date of such termination, inform any subsequent
employers, business partners or colleagues of the existence and
provisions of Sections 11.1 and 11.2 of this Employee Agreement
and, if requested, provide a copy of such Sections of this
Employee Agreement to any such employer, business partner or
colleague; and the Company may, at any time, notify any future
employer, business partner or colleague of Employee of the
existence and provisions of Sections 11.1 and 11.2 of this
Employee Agreement.

                              8
<PAGE>

                          ARTICLE 16
                            Notices

     Any notice given under this Employee Agreement to either
party shall be made in writing.  Notices shall be deemed given
when delivered by hand, document delivery service, or when mailed
by registered or certified mail, return receipt requested,
postage prepaid, and addressed to the party at the address set
forth below.

Employee address:   Mr. Hal Bennett
                    115 Old Vine Way
                    Napa Valley, California 94558

                    with a copy to:

                    ________________
                    ________________
                    ________________

Company address:    Mr. Fred Goetz
                    Third-order Nanotechnologies, Inc.
                    2601 Annand Dr., #16
                    Wilmington, Delaware 19808

                    with a copy to:

                    David M. Bovi, Esq.
                    319 Clematis Street, Suite 700
                    West Palm Beach, Florida 33401

     Each party may designate a different address for receiving
notices by giving written notice of the different address to the
other party. The written notice of the different address will be
deemed given when it is received by the other party.

                         ARTICLE 17
                     Binding Agreement

     17.1.  Company's Successors.  The rights and obligations
            --------------------
of the Company under this Employee Agreement shall inure to the
benefit of and shall be binding upon the successors and assigns
of the Company.

     17.2.  Employee's Successors.  This Employee Agreement
            ---------------------
shall inure to the benefit and be enforceable by Employee's
personal representatives, legatees, and heirs. If Employee dies
while amounts are still owed, such amounts shall be paid to
Employee's legatees or, if no such person or persons have been
designated, to Employee's estate.

                              9
<PAGE>

                         ARTICLE 18
                          Waivers

     The waiver by either party of a breach of any provision of
this Employee Agreement shall not operate or be construed as a
waiver of any subsequent breach.

                         ARTICLE 19
                      Entire Agreement

     19.1.  No Other Agreements.  This instrument contains the
            -------------------
entire agreement of the parties pertaining to the employment of
Employee by the Company.  The parties have not made any
agreements or representations, oral or otherwise, express or
implied, to pertaining to the employment of Employee by the
Company other than those specifically included in this Employee
Agreement.

     19.2.  Prior Agreements. This Employee Agreement
            ----------------
supersedes any prior employee agreements pertaining to or
connected with or arising in any manner out of the employment of
Employee by the Company. All such agreements are terminated and
are of no force or effect whatsoever.

                         ARTICLE 20
                    Amendment of Agreement

     No change or modification of this Employee Agreement shall
be valid unless it is in writing and signed by the party against
whom the change or modification is sought to be enforced. No
change or modification by the Company shall be effective unless
it is approved by the Company's Board of Directors and signed by
an officer specifically authorized to sign such documents.

                         ARTICLE 21
                 Severability of Provisions

     If any provision of this Employee Agreement is invalidated
or held unenforceable, the invalidity or unenforceability of that
provision or provisions shall not affect the validity or
enforceability of any other provision of this Employee Agreement.

                         ARTICLE 22
                  Assignment of Agreement

     Other than as otherwise provided for in this Employee
Agreement, so long as Employee is an Employee pursuant to this
Employee Agreement, the Company shall not assign this Employee
Agreement without Employee's prior written consent, which consent
shall not be unreasonably withheld. Employee may not assign this
Employee Agreement.

                            10
<PAGE>

                         ARTICLE 23
                  Governing Law and Venue

     All questions regarding the validity and interpretation of
this Employee Agreement shall be governed by and construed and
enforced in all respects in accordance with the laws of the State
of Delaware.  The sole and proper venue shall be New Castle
County, Delaware.

                         ARTICLE 24
                   Arbitration of Disputes

     If a dispute arises out of or relates to this Employee
Agreement, or the breach thereof, and if the dispute cannot be
settled through negotiation, the parties agree first to try in
good faith to settle the dispute by mediation administered by the
American Arbitration Association under its Employment Mediation
Rules before resorting to arbitration, litigation or some other
dispute resolution procedure.

     IN WITNESS, the parties have executed this Employee
Agreement in duplicate on the date and year first above written.

Employee,

/s/Theresa Q. Hoffmann             /s/Hal Bennett
-----------------------------      ----------------------------------
Witness                            Harold R. Bennett

                                   Third-Order Nanotechnologies, Inc.

/s/Theresa Q. Hoffmann             By:  /s/ Fred Goetz
-----------------------------         -------------------------------
Witness                               Fred Goetz, Jr., President

                            11
<PAGE>

                                                            Appendix A
                                                            ----------
Duties of Employee

Employee, as the Company's Chief Executive Officer, subject to
the control of the Board of Directors, shall be responsible for:

A.   The overall general management of the Company and
     supervision of Company policies, setting the Company's
     strategies, formulating and overseeing the Company's business
     plan, raising capital, expanding the Company's management team
     and the general promotion of the Company.

B.   Such other powers and duties as may be prescribed by the
     Board of Directors which is reasonably agreed upon by Employee.

                            12
<PAGE>

                                                        Appendix B
                                                        ----------
Other Compensation

          Options:            750,000
          Grant Date:         11/17/07
          Expiration Date:    11/16/12

     These options will vest over 3 years as follows:

                    62,500 on  2/17/08
                    62,500 on  5/17/08
                    62,500 on  8/17/08
                    62,500 on 11/17/08
                    62,500 on  2/17/09
                    62,500 on  5/17/09
                    62,500 on  8/17/09
                    62,500 on 11/17/09
                    62,500 on  2/17/10
                    62,500 on  5/17/10
                    62,500 on  8/17/10
                    62,500 on 11/17/10

                            13
<PAGE>

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