Document:

hyrr_ex101.htm

EXHIBIT 10.1 

 

English Translation of Greensaver Amendment

Our company (Greensaver Corporation) has pay back 500,000.00(RMB) on Dec. 31 2012. Due to the company under funding organization we have to post our pay back plan. We promise:

  

Pay back 500,000(RMB) due on Dec. 31 2013

Pay Back 500,000(RMB) due on Mar. 30 2014

Pay back 500,000(RMB) due on May 30 2014

Pay back 500,000(RMB) due on Sep. 30 2014

Pay Back 1,500,000(RMB) due on Dec.31 2014

Pay back 1,500,000(RMB) due on Feb. 28 2015

Greensaver Corp.

(Seal)Exhibit 10.11

 

Exhibit
10.11

 

ASSET
PURCHASE AND SALE AGREEMENT

 

THIS
ASSET PURCHASE AND SALE AGREEMENT (the “Agreement”), is entered into as of this 31st day of May 2013, by
and between AURIOS, INC., an Arizona corporation (“Seller”) and TRUE GRAVITY ENTERPRISES, INC., an Arizona corporation
(“Purchaser”).

 

R
E C I T A L S:

 

A.
WHEREAS, Seller has owned and operated a business manufacturing and selling vibration isolation products, including the ProMax
MIB, the Classic MIB and the Isotone MB (the “Products”); 

 

B.
WHEREAS, Seller had a non-exclusive, worldwide license (the “License”) from Advanced Vibration Technologies, Inc.
(“AVT”), an Arizona corporation, to produce the Products, which are Seller’s only Products, under a license
agreement (the “License Agreement”);

 

C.
WHEREAS, the License Agreement and License can be terminated due to a transfer of ownership of AVT to a party who is a competitor
of Seller;

 

D.
WHEREAS, AVT has transferred ownership to a third party that is a competitor of Seller and has terminated the License and License
Agreement with Seller; and

 

E.
WHEREAS, Purchaser, which is an Affiliate of Paul Attaway, a director, officer and principal shareholder of Seller, desires to
purchase and Seller desires to sell certain assets relating to its Products because of the termination of the License and the
License Agreement, as more particularly described in Exhibit A hereto (the “Assets”), all on the terms and conditions
hereinafter set forth;

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, Purchaser and Seller hereby agree as follows:

 

C
O V E N A N T S :

 

1.
Purchase and Sale of Assets. Subject to the terms and conditions of this Agreement, on the Closing Date Seller shall hereby
sell, convey, transfer and assign to Purchaser and Purchaser shall hereby purchase from Seller, all of Seller’s right, title
and interest in and to the Assets upon payment of the Purchase Price as provided in this Agreement. 

 

2.
No Assumption of Liabilities. Purchaser shall not assume any liabilities or obligations in connection with its purchase
of the Assets. 

 

3.
Purchase Price. The purchase price (“Purchase Price”) is Sixty-Two Thousand, One Hundred Sixty-One and 00/100
Dollars ($62, 161) and shall be paid by Purchaser through the exchange and payment in full of the Promissory Note issued by Seller
to Purchaser, dated January 1, 2007, set forth as Exhibit B.

 

4.
Closing. The Closing Date shall be the 31st day of May, 2013 or such other date as shall be mutually agreed upon between
the parties to this Agreement.

 

5.
Interim Considerations. Between the date of this Agreement and the Closing Date, Seller shall maintain and keep the Assets
in good working order, repair and condition and will keep in full force and effect insurance now maintained with respect to the
Assets.

 

    	

    	 

    

 

6.
Representations and Warranties of Seller. Seller represents and warrants to Purchaser that:

 

6.1
Ownership and Authority. Seller is the sole owner of the Assets and has the requisite power and authority to own and transfer
such Assets, to enter into this Agreement and to carry out the transactions contemplated hereby. 

 

6.2
Title. Seller has good and marketable title to all of the Assets, free and clear of all security interests, liens, encumbrances,
mortgages or charges of any nature whatsoever, except as disclosed on Exhibit A, which liens shall be discharged in full at or
before the Closing Date and evidenced by appropriate releases of liens and payment of associated indebtedness (the “Releases”)
to be delivered to Purchaser at Closing. 

 

6.3
Condition of Assets. The Assets are in good working order, repair and condition and shall be in such state at the Closing
Date.

 

6.4
Authority and Consent. Seller is an Arizona corporation duly organized, validly existing and in good standing under the
laws of the State of Arizona and has authority to enter into this Agreement and to carry out the transactions contemplated hereby.
Seller has read and understands this Agreement, has consulted with legal and accounting representatives to the extent deemed necessary
and has the capacity to enter into this Agreement and to carry out the transactions contemplated hereby without the consent of
any third party.

 

6.5
Finders. Seller has paid no fees, commissions or other compensation or payments to any broker, finder, financial consultant
or similar person claiming to have been employed or retained by or on behalf of Seller in connection with this Agreement or the
transactions contemplated hereby.

 

7.
Representations and Warranties of Purchaser. Purchaser represent and warrant to Seller that:

 

7.1
Authority and Consent. Purchaser is an Arizona corporation, duly organized, validly existing and in good standing under
the laws of the State of Arizona and has authority to enter into this Agreement and to carry out the transactions contemplated
hereby. 

 

7.2
Finders. Purchaser has paid no fees, commissions or other compensation or payments to any broker, finder, financial consultant
or similar person claiming to have been employed or retained by or on behalf of Purchaser in connection with this Agreement or
the transactions contemplated hereby. 

 

8.
Due Diligence Inspection of Assets. Prior to the Closing Date, Purchaser and its representatives shall have the right to
inspect all Assets, upon reasonable notice of the proposed times and dates thereof. Seller shall cooperate with all reasonable
requests by Purchaser for information. 

 

9.
Conditions Precedent to Purchaser’s Obligations. The obligations of Purchaser pursuant to this Agreement are subject
to the fulfillment to Purchaser’s satisfaction on or before the Closing Date of each of the following conditions:

 

9.1
Representations and Warranties. The representations and warranties made by Seller in this Agreement or in any Exhibit furnished
pursuant to this Agreement shall be true and correct as of the date of this Agreement and as of the Closing Date, except for changes
therein contemplated by this Agreement.

 

    	

    	 

    

 

9.2
Seller’s Performance. Seller shall have performed and complied with all agreements, terms and conditions required
by this Agreement.

 

9.3
Proceedings and Documents. All proceedings in connection with the transactions contemplated hereby and all documents and
instruments incident thereto shall be reasonably satisfactory in substance and form to Purchaser and its counsel.

 

9.4
Title. At or prior to the Closing Date, Seller shall deliver to Purchaser the following documents transferring title in
the Assets to Purchaser:

 

9.4.1
Seller shall deliver to Purchaser all appropriate bills of sales, assignments and other instruments, including the Bill of Sale
set forth as Exhibit C, assigned documents of title, giving and conveying to Purchaser all of Seller’s right, title and
interest in and to the Assets; and 

 

9.4.2
Duly executed Releases of any liens on the Assets.

 

9.5
Possession. On the Closing Date, Seller shall deliver to Purchaser possession of the Assets.

 

10.
Conditions Precedent to Seller’s Obligations. The obligations of Seller under this Agreement are subject to the fulfillment
to Seller’s satisfaction on or before the Closing Date of each of the following conditions:

 

10.1
Payment. Purchaser shall have paid to Seller the Purchase Price as described in Section 3 of this Agreement by delivery
of the Note for cancellation.

 

10.2
Representations and Warranties. The representations and warranties made to Seller in this Agreement or in any Exhibit pursuant
to this Agreement shall be true and correct as of the Closing Date.

 

10.3
Purchaser’s Performance. Purchaser shall have performed and complied with all agreements, terms and conditions required
by this Agreement. 

 

10.4
Proceedings and Documents. All proceedings in connection with the transactions contemplated hereby and all documents and
instruments incident thereto shall be reasonably satisfactory in substance and form to Seller and its counsel.

 

11.
Indemnification.

 

11.1
Indemnification of Purchaser. Seller shall indemnify and hold Purchaser harmless from and against and in respect of any
and all claims, losses, expenses, damages, deficiencies, costs, obligations and liabilities (including, without limitation, interest,
taxes, penalties, assessments, reasonable attorneys’ fees, together with accountants’ and other professional fees
and other costs and expenses incident to any suit, action or proceeding) incurred or sustained, directly or indirectly, by Purchaser
which arise or result from or constitute or relate to:

 

    	

    	 

    

 

11.1.1
Any false or inaccurate representation of the Seller set forth in this Agreement or in any Exhibit furnished pursuant hereto or
delivered herewith, or the omission to make any disclosure necessary to make the statements made not misleading; or

 

11.1.2
Any breach by Seller of any representation, warranty or covenant contained in this Agreement or in any Exhibit furnished pursuant
hereto or delivered by Seller to Purchaser on or prior to the Closing Date.

 

11.2
Indemnification of Seller. Purchaser shall indemnify and hold Seller harmless from and against and in respect of any and
all claims, losses, expenses, damages, deficiencies, costs, obligations and liabilities (including, without limitation, interest,
taxes, penalties, assessments, reasonable attorneys’ fees, together with accountants’ and other professional fees
and other costs and expenses incident to any suit, action or proceeding) incurred or sustained, directly or indirectly, by Seller
which arise or result from or constitute or relate to:

 

11.2.1
Any false or inaccurate representation of Purchaser set forth in this Agreement or in any Exhibit furnished pursuant hereto or
delivered herewith, or the omission to make any disclosure necessary to make the statements made not misleading; or

 

11.2.2
Any breach by Purchaser of any representation, warranty or covenant contained in this Agreement or in any Exhibit furnished pursuant
hereto or delivered by Purchaser to Seller on or prior to the Closing Date.

 

11.3
Submission of Indemnification Notices. Any notice of a claim for indemnification under this Section 11, “Indemnification,”
shall be made within one (1) year of the Closing Date.

 

12.
Risk of Loss. The risk of loss or destruction of all or any part of any of the Assets prior to the Closing Date from any
cause (including, without limitation, wreckage, fire, theft, acts of God or public enemy) shall be upon the Seller, and such risk
shall be upon Purchaser if such loss occurs after Closing.

 

13.
Notification of Claims. Each party will promptly notify the other of any third party claims against either party relating
to the Assets of which it receives knowledge or notice so as to permit such party an opportunity to prepare a timely defense to
such claim or to attempt settlement.

 

14.
Miscellaneous.

 

14.1
Binding Agreement. The parties covenant and agree that this Agreement, when executed and delivered by the parties, will
constitute a legal, valid and binding agreement between the parties and will be enforceable in accordance with its terms.

 

14.2
Integration. This Agreement contains the entire understanding of the parties in respect to the Assets. All prior and contemporaneous
negotiations, agreements, restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly
set forth or referred to herein shall be deemed merged into this Agreement. This Agreement supersedes all prior agreements and
understandings between the parties with respect to the subject matter of this Agreement.

 

    	

    	 

    

 

14.3
Modification. This Agreement may be waived, changed, amended, discharged or terminated only by an agreement in writing
signed by the party against whom enforcement of any waiver, change, amendment, discharge or termination is sought.

 

14.4
Notices. All notices, requests, demands and other communications shall be deemed to have been duly given if mailed, certified
or registered mail, postage prepaid:

 

	If
    to Seller:		 
	 		 
	
		AURIOS
    INC.
	
		7608
    N. Shadow Mountain Rd
	
		Paradise
    Valley, AZ 85253
			Attn:
    Paul Attaway

 

	If
    to Purchaser:		 
	 		 
			True
    Gravity Enterprises, Inc
	
		7608
    N. Shadow Mountain Rd.
	
		Paradise
    Valley, AZ 85253
			Attn:
    Paul Attaway

 

or
to such other address as any party shall designate to the other in writing. The parties shall promptly advise each other of changes
in addresses for such notices.

 

14.5
Choice of Law. This Agreement shall be governed by, construed, interpreted and enforced according to the laws of the State
of Arizona.

 

14.6
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

14.7
Severability. If any portion of this Agreement shall be finally determined by any court or governmental agency of competent
jurisdiction to violate applicable law or otherwise not to conform to requirements of law and, therefore, to be invalid, the parties
will cooperate to remedy or avoid the invalidity, but, in any event, will not upset the general balance of relationships created
or intended to be created between them as manifested by this Agreement and the instruments referred to herein. Except insofar
as it would be an abuse of the foregoing principle, the remaining provisions hereof shall remain in full force and effect.

 

14.8
Other Documents. The parties shall upon reasonable request of the other, execute such documents as may be necessary or
appropriate to carry out the intent of this Agreement.

 

14.9
Headings and the Use of Pronouns. The paragraph headings hereof are intended solely for convenience of reference and shall
not be construed to explain any of the provisions of this Agreement. All pronouns and any variations thereof and other words,
as applicable, shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the person or
matter may require.

 

14.10
Time is of the Essence. Time is of the essence of this Agreement.

 

    	

    	 

    

 

14.11
No Waiver and Remedies. No failure or delay on a party’s part to exercise any right or remedy hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise by a party of a right or remedy hereunder preclude any other or
further exercise. No remedy or election hereunder shall be deemed exclusive but it shall, where ever possible, be cumulative with
all other remedies in law or equity.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

 

	 	SELLER
	 	 	 
	 	AURIOS
    INC.,
	 	an
    Arizona corporation
	 	 	 
	 	By
    	/s/
    Paul Attaway
	 		Paul
    Attaway
	 	Its	President
	 	 	 
	 	PURCHASER:
	 	 
	 	TRUE
    GRAVITY ENTERPRISES, INC.,
	 	an
    Arizona corporation
	 	 	 
	 	By	/s/
    Paul Attaway
	 		Paul
    Attaway
	 	Its	President

 

    	

    	 

    

 

EXHIBIT
A

 

List
of Assets Purchased

Existing
Product

 

		●	Manufacturing
                                                                                                                                                                                                                                                                               drawings
                                                                                                                                                                                                                                                                               for
                                                                                                                                                                                                                                                                               ProMax
                                                                                                                                                                                                                                                                               Bearings,
                                                                                                                                                                                                                                                                               Classic
                                                                                                                                                                                                                                                                               Bearings,
                                                                                                                                                                                                                                                                               Isotone
                                                                                                                                                                                                                                                                               Bearings,
                                                                                                                                                                                                                                                                               component
                                                                                                                                                                                                                                                                               shelf
	 	 	 

		●	Vendor
                                                                                                                                                                                                                                                                               list
	 	 	 

		●	Inventory:

 

		●	ProMax
                                                                                                                                                                                                                                            bearings:
                                                                                                                                                                                                                                            zero
	 	 	 

		●	Classic
                                                                                                                                                                                                                       Bearings:
                                                                                                                                                                                                                       zero
	 	 	 

		●	lsotone
                                                                                                                                                                                                                       Bearings:
                                                                                                                                                                                                                       42
                                                                                                                                                                                                                       boxes
                                                                                                                                                                                                                       (each
                                                                                                                                                                                                                       box
                                                                                                                                                                                                                       contains
                                                                                                                                                                                                                       three
                                                                                                                                                                                                                       bearings)
	 	 	 

		●	Shelf:
                                                                                                                                                                                                                                            zero
	 	 	 

		●	One
                                                                                                                                                                                                                       jig
                                                                                                                                                                                                                       for
                                                                                                                                                                                                                       assembly
                                                                                                                                                                                                                       of
                                                                                                                                                                                                                       ProMax
                                                                                                                                                                                                                       and
                                                                                                                                                                                                                       Classic
                                                                                                                                                                                                                       bearings

 

New
Product Development

 

		●	Manufacturing
                                                                                                                                                                                                                                                                               Drawings
                                                                                                                                                                                                                                                                               for
                                                                                                                                                                                                                                                                               Pivot
                                                                                                                                                                                                                                                                               Points
	 	 	 

		●	Inventory
                                                                                                                                                                                                                                                                               of
                                                                                                                                                                                                                                                                               Pivot
                                                                                                                                                                                                                                                                               Points,
                                                                                                                                                                                                                                                                               brass
                                                                                                                                                                                                                                                                               decoupler
                                                                                                                                                                                                                                                                               chairs,
                                                                                                                                                                                                                                                                               rubber
                                                                                                                                                                                                                                                                               balls,
                                                                                                                                                                                                                                                                               adapter
                                                                                                                                                                                                                                                                               bases
                                                                                                                                                                                                                                                                               and
                                                                                                                                                                                                                                                                               accompanying
                                                                                                                                                                                                                                                                               set
                                                                                                                                                                                                                                                                               screws
	 	 	 

		●	This
                                                                                                                                                                                                                                                                               product
                                                                                                                                                                                                                                                                               is
                                                                                                                                                                                                                                                                               fully
                                                                                                                                                                                                                                                                               developed
                                                                                                                                                                                                                                                                               and
                                                                                                                                                                                                                                                                               needs
                                                                                                                                                                                                                                                                               sales
                                                                                                                                                                                                                                                                               and
                                                                                                                                                                                                                                                                               marketing
                                                                                                                                                                                                                                                                               effort.
	 	 	 

Additional

 

		●	Aurios
                                                                                                                                                                                                                                                                               Trade
                                                                                                                                                                                                                                                                               Name
	 	 	 

		●	www.aurios.net domain
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             (recently
                                                                                                                                                                                                                                                                               reserved
                                                                                                                                                                                                                                                                               for
                                                                                                                                                                                                                                                                               two
                                                                                                                                                                                                                                                                               years)
	 	 	 

		●	Pictures
                                                                                                                                                                                                                                                                               (jpeg
                                                                                                                                                                                                                                                                               files)
                                                                                                                                                                                                                                                                               of
                                                                                                                                                                                                                                                                               product

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