Document:

Exhibit 10.1

ASSET PURCHASE AGREEMENT

 

 

This Asset Purchase Agreement (the "Agreement") is effective 15/07/2015

 

 

	BETWEEN:	Lazaraus Resources Pty Ltd (ACN 152 969 901)   (the "Vendor"), an Australian Registered Proprietary Company, Limited by Shares, registered under the Corporations Act 2001, with its main office located at:

 

108 Outram Street, West Perth, WA, 6005

 

 

	AND:	Panex Resources WA Pty Ltd (ACN 607 016 491) (the "Purchaser"), an Australian Registered Proprietary Company, Limited by Shares, registered under the Corporations Act 2001, and a 100% owned subsidiary of Panex Resources Incorp. USA, with its main office located at:

 

Level 1, Suit 5, 55 Salvado Road, Subiaco, WA, 6008

 

WHEREAS the Purchaser desires to purchase, and Vendor desires to sell, some assets, rights and interests as described in Schedule A hereof (the "Purchased Assets") in accordance with the terms, conditions and agreements hereinafter contained.

 

NOW THEREFORE, the parties agree as follows:

 

 

1.  SALE AND PURCHASE

 

	1.1	Purchased Assets: Upon and subject to the terms and conditions hereof, the Vendor sells to the Purchaser and the Purchaser purchases from the Vendor, as of the Effective Date and conditional upon the Purchased Assets being free and clear of any liens or encumbrances and all statutory reporting up to date including but not limited to Form 5 expenditure reports and rates and taxes.

	1.2	Documentation: The Vendor shall promptly provide the Purchaser with all relevant technical documentation available to the Vendor regarding the Purchased Assets including, but not limited to, documentation that is necessary to operate the Purchased Assets.

	1.3	Purchase Price: The purchase price payable by the Purchaser to the Vendor for the Purchased Assets is AUD$3,000.00 (the "Purchase Price"). For all purposes, including for income tax purposes, the parties agree to allocate the Purchase Price in accordance with the provisions of Schedule A.

	1.4	Effective Date: The sale and purchase of the Purchased Assets shall be conditional upon the lodgment of annual Form 5 expenditure reports, payment of any taxes and rates due and any third party invoices related to the Assets, and shall be effective upon the date (the "Effective Date") of provision of a stamped copy of the lodged Transfer Form 23, which shall be no later than 24 July 2015, failing which this Agreement shall become null and void, the Purchase Price shall be returned to the Purchaser if paid and the Purchased Assets shall be returned to the Vendor if transferred. In such a case, no party shall be

entitled to any compensation other than the return of the Purchase Price and Purchased Assets.

	1.5	Assumed Obligations: The Purchaser shall assume all ongoing costs associated with the Assets from the Effective Date including Mines Department obligations and rates and taxes

	1.6	Excluded Obligations: Except for the Assumed Obligations or as expressly provided herein, the Purchaser is not assuming any past, present and future indebtedness, liabilities, obligations, contracts and commitments of the Vendor, whether arising out of or resulting from the Purchased Assets.

	1.7	Sales and Transfer Taxes: The Purchaser shall pay any and all federal, provincial or local taxes, in the nature of income, sale, use, transfer, gain, recording and any similar tax, fee or duty required to be paid in respect of the assignment or transfer to the Purchaser of the Purchased Assets and the filing and recording thereof, including without limitation tax on the Purchase Price.

 

 

2.                   REPRESENTATIONS AND WARRANTIES OF THE VENDOR

 

The Vendor represents and warrants as at the date hereof to the Purchaser as follows and acknowledges that the Purchaser is relying on such representations and warranties in connection with its purchase of the Purchased Assets.

	2.1	Organization: The Vendor is a resident of Western Australia, subsisting under the laws of Western Australia and has the legal authority to own the property and to enter into this Agreement and to perform its obligations hereunder.

	2.2	Due Authorization: The execution of this Agreement has been duly authorized, executed and delivered by the Vendor and constitutes legal, valid and binding obligations of the Vendor, enforceable against the Vendor in accordance with its terms.

	2.3	Title To The Assets: The Purchased Assets are owned by the Vendor with a good and valid title, free and clear of any and all encumbrances.

	2.4	Residency: The Vendor is a resident of Australia for the purposes of the Income Tax Act of Australia.

 

 

3.                   REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

The Purchaser hereby represents and warrants as at the date hereof to the Vendor as follows and acknowledges that the Vendor is relying on such representations and warranties in connection of the sale of the Purchased Assets.

	3.1	Organization: The Purchaser is a corporation duly incorporated and organized and validly subsisting under the laws of Nevada, USA and has the corporate power to own the property and to enter into this Agreement and to perform its obligations hereunder.

	3.2	Due Authorization: The execution of this Agreement has been duly authorized, executed and delivered by the Purchaser and constitutes legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with its terms.

	4.	
SURVIVAL OF REPRESENTATIONS AND WARRANTIES

 

	
4.1

	Survival of Representations and Warranties. The representations and warranties contained herein will survive the completion of the sale and purchase of the Purchased Assets herein for a period of one year.

 

 

5.                   GENERAL

 

	
 

5.1

	Independent Contractor: This Agreement shall not constitute either party the agent or legal representative of the other party for any purpose.

	5.2	Entire Agreement: The parties agree that this Agreement constitutes a complete and exclusive statement of the terms and conditions between them covering the performance thereof and cannot be altered, amended or modified except in writing executed by the parties to be bound thereby. This Agreement supersedes all prior negotiations, agreements and communications, written or oral, between the parties with respect to the subject matter hereof.

	5.3	Headings: The headings in this Agreement are for convenience of reference only and shall not affect the construction or interpretation hereof.

	5.4	Invalidity: If any of the provision contained in this Agreement are found by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, the validity, legality or enforceability of the remaining provisions contained herein shall not be in any way affected or impaired thereby.

	5.5	Further Assurances: Each of the parties hereto will cooperate with the other and execute and deliver to the other parties hereto such other instruments and documents and take such other actions as may be reasonably requested from time to time by the other party as necessary to carry-out, evidence and confirm the intended purposes of this Agreement.

	5.6	Successors and Assigns: All obligations set forth in this Agreement will bind and inure to the benefit of the respective successors and permitted assigns of the parties whether expressed or not. This Agreement and any rights pursuant hereto shall not be assignable by the parties without the prior written consent of the other party.

	5.7	Notices: Any notice, report, demand, waiver, consent or other communication given by a party under this Agreement shall be in writing and shall be deemed to be duly given (i) when personally delivered, or (ii) upon delivery by overnight courier service which provides evidence of delivery or (iii) when 3 days have elapsed after its transmittal by registered or certified mail, postage prepaid, return-receipt requested, addressed to the party to whom directed at the party's address as it appears above or another address of which that party has given notice.

	5.8	Governing Law: This Agreement shall be governed by and construed in accordance with the domestic laws of the Western Australia and the laws of Australia applicable. The parties hereto expressly agree that any dispute or controversy arising out of or relating to this Agreement including the interpretation, execution or breach thereof, arising in the course of or following its performance, shall be brought before a competent court located in the Western Australia of Australia.

 

IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at [place of execution] on the date indicated above.

	
EXECUTED by

LAZARUS RESOURCES PTY LTD

ACN 152 969 901

in accordance with Section 127 of the Corporations Act 2001

 

 

______________________________________________

Sole Director

 

 

_____________________________________________________________

Name of Director/Company Secretary

 

	
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_____________________________________________________________

Witness

 

 

_____________________________________________________________

Name & Address of Witness

	
EXECUTED by

PANEX RESOURCES WA PTY LTD

ACN 607 016 491

in accordance with Section 127 of the Corporations Act 2001

 

 

_____________________________________________________________

Director/Company Secretary

 

 

_____________________________________________________________

Name of Director/Company Secretary

(BLOCK LETTERS)

 

	
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)

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_____________________________________________________________

Director

 

 

_____________________________________________________________

Name of Director (BLOCK LETTERS)

SCHEDULE A

ASSETS, RIGHTS AND INTERESTS

 

 

Assets

 

1.            Inventory: Exploration Licence E80/4675 located some 85km SW of Halls Creek in the Kimberley Mineral Field of Western Australia

 

2.            All data reports and technical information related to E80/4675 including copies of all regulatory reporting; metadata files and databasesNaked Brand Group Inc. - Exhibit 10.62 - Filed by newsfilecorp.com

June 11, 2015 

Capital Business Credit LLC 
1700 Broadway 
New York, New
York 10019 

GUARANTY 

           
Re: NAKED BRAND GROUP INC. (the “Client”) 

Ladies and Gentlemen: 

            Reference
is made to certain factoring agreements or arrangements (herein the
“Agreements”) between you and the above-named Client. Each of the undersigned
hereby unconditionally jointly and severally guarantees and agrees to be liable
for the full and indefeasible payment and performance when due of all now
existing and future indebtedness, obligations or liabilities of the Client to
you, howsoever arising, whether direct or indirect, absolute or contingent,
secured or unsecured, whether arising under any of the Agreements as now written
or as amended or supplemented hereafter, or by operation of law or otherwise.
Further, each of the undersigned agrees to pay to you on demand the amount of
all expenses (including reasonable attorney’s fees) incurred by you in
collecting or attempting to collect any of the Client’s obligations to you,
whether from the Client, or from any other obligor, or from the undersigned, or
in realizing upon any collateral; and agrees to pay any interest at the highest
lawful rate on all amounts payable to you hereunder, even if such amount cannot
be collected from the Client. (All of the aforementioned obligations,
liabilities, expenses and interest are hereinafter collectively called the
“Obligations”). To the extent you receive payment on account of the Obligations
guaranteed hereby, which payment is thereafter set aside or required to be
repaid by you in whole or in part, then, to the extent of any sum not finally
retained by you (regardless of whether such sum is recovered from you by the
Client, its trustee, or any other party acting for, on behalf of or through the
Client or its representative), the undersigned’s obligation to you under this
Guaranty, as amended, modified or supplemented, shall remain in full force and
effect (or be reinstated) until the undersigned have made payment to you
therefor, which payment shall be due upon demand. 

            This
Guaranty is executed as an inducement to you to make loans or advances to the
Client or otherwise to extend credit or financial accommodations to the Client,
or to enter into or continue a financing arrangement with the Client, and is
executed in consideration of your doing or having done any of the foregoing.
Each of the undersigned agrees that any of the foregoing shall be done or
extended by you in your sole discretion, and shall be deemed to have been done
or extended by you in consideration of and in reliance upon the execution of
this Guaranty, but that nothing herein shall obligate you to do any of the
foregoing. 

            Notice
of acceptance of this Guaranty, the making of loans or advances, or the
extension of credit to the Client, the purchase or acquisition of receivables
from the Client, the amendment, execution or termination of any of the
Agreements or any other agreements between you and the Client, and presentment,
demand, protest, notice of protest, notice of non-payment and all other notices
to which the Client or the undersigned may be entitled, and your reliance on
this Guaranty are hereby waived. The undersigned also waive notice of: changes
in terms or extensions of time of payment, the taking and releasing of
collateral or guarantees (including the release of any of the undersigned) and
the settlement, compromise or release of any Obligations, and agree that, as to
each of the undersigned, the amount of the Obligations shall not be diminished
by any of the foregoing. The undersigned also agree that you need not attempt to
collect any Obligations from the Client or other obligors or to realize upon any
collateral, but may require the undersigned to make immediate payment of
Obligations to you when due or at any time thereafter. You shall not be liable
for failure to collect Obligations or to realize upon any collateral or security
therefor, or any part thereof, or for any delay in so doing, nor shall you be
under any obligation to take any action whatsoever with regard thereto. 

            This
Guaranty is absolute, unconditional and continuing, regardless of the validity,
regularity or enforceability of any of the Obligations or the fact that a
security interest or lien in any collateral or security therefor may not be
enforceable by you or may otherwise be subject to equities or defenses or prior
claims in favor of others or may be invalid or defective in any way and for any
reason, including any action, or failure to act, on your part. The liability of
the undersigned under this Guaranty shall be unaffected by the death of any of
the undersigned. Payment by the undersigned shall be made to you at your office
from time to time on demand as Obligations become due, and one or more
successive or concurrent actions may be brought hereon against the undersigned
(or any one or more of them) either in the same action in which the Client is
sued or in separate actions. In the event any claim or action, or action on any
judgment, based on this Guaranty, is made or brought against the undersigned,
the undersigned agree not to assert against you any setoff or counterclaim which
the Client may have, and further the undersigned agree not to deduct, setoff, or
seek to counterclaim for or recoup, any amounts which are or may be owed by you
to the undersigned, or for any loss of contribution from any other guarantor.
Furthermore, in any litigation based on the Guaranty in which you and any of the
undersigned shall be adverse parties, the undersigned hereby waive the right to
interpose any defense based upon any statute of limitations or any claim of
laches and waive the performance of each and every condition precedent to which
the undersigned might otherwise be entitled by law. Each of the undersigned
hereby consent to the in personam jurisdiction of the courts of New York State.
In the event that you bring any action or suit in any court of record of New
York State or the Federal Government to enforce any or all liabilities of the
undersigned hereunder, service of process may be made on the undersigned by
mailing a copy of the summons to the undersigned at the address below set
forth.

            All
sums at any time to the credit of the undersigned and any property of the
undersigned on which you at any time have a lien or security interest, or of
which you at any time have possession, shall secure payment and performance of
all Obligations and any and all other obligations of the undersigned to you
however arising. The undersigned shall have no right of subrogation,
indemnification or recourse to any Obligations or collateral or guarantees
therefor, or to any assets of the Client. 

            In
the event of any breach of, default under or termination of any of the
Agreements between you and the Client, or in the event that the undersigned
shall fail to observe or perform any agreements, warranties, or covenants
contained herein, or on the death of any of the undersigned, or should any of
the undersigned dissolve or cease its business, call a meeting of its creditors,
fail to meet its debts as they mature, commit an act of bankruptcy, have
commenced by or against the undersigned any bankruptcy, insolvency, arrangement,
reorganization, receivership or similar proceeding under any federal or state
law, then the liability of all of the undersigned for the entire Obligations
shall mature even if the liability of the Client therefor does not. 

            This
Guaranty may be terminated as to any one of the undersigned only upon actual
receipt by one of your officers of at least ninety (90) days prior written
notice of termination sent by registered or certified mail; provided however,
that any of the undersigned so terminating this Guaranty shall remain bound
hereunder, and this Guaranty shall continue in full force and effect, with
respect to any and all Obligations created or arising prior to the effective
date of such termination and with respect to any and all extensions, renewals or
modifications of said pre-existing Obligations. Termination as to any one of the
undersigned shall not affect the obligations of any of the other undersigned,
nor relieve the one giving such notice from liability for any post termination
collection expenses or interest. This is a continuing Guaranty and written
notice as above provided shall be the only means of termination, notwithstanding
the fact that for certain periods of time there may be no Obligations owing to
you by the Client. 

            Your
books and records showing the account between you and the Client shall be
admissible in evidence in any action or proceeding as prima facie proof of the
items therein set forth. Your monthly statements rendered to the Client shall be
binding upon the undersigned (whether or not the undersigned received copies
thereof) and, shall constitute an account stated between you and the Client,
unless you shall have received a written statement of the Client’s exceptions
within thirty (30) days after the statement was mailed to the Client. 

            This
Guaranty embodies the whole agreement of the parties and may not be modified
except in writing, and no course of dealing between you and any of the
undersigned shall be effective to change or modify this Guaranty. Your failure
to exercise any right hereunder shall not be construed as a waiver of the right
to exercise the same or any other right at any other time and from time to time
thereafter, and such rights shall be considered as cumulative rather than
alternative. No knowledge of any breach or other nonobservance by any of the
undersigned of the terms and provisions of this Guaranty shall constitute a
waiver thereof, nor a waiver of any obligations to be performed by the
undersigned hereunder. 

            This
Guaranty is executed and given in addition to, and not in substitution,
reduction, replacement or satisfaction of any other endorsements or guarantees
of the Obligations, now existing or hereafter executed, by any or all of the
undersigned, or others in your favor. 

            When
used in this Guaranty all pronouns shall, wherever applicable, be deemed to
include the plural as well as the masculine and feminine gender. This Guaranty
shall inure to the benefit of you, your successors and assigns and any parent,
subsidiary or affiliate of yours, as well as to any concern which you may now or
hereafter finance; shall be binding jointly and severally upon the undersigned
and upon the respective heirs, executors, administrators, successors and assigns
of each of the undersigned; and shall pertain to the Client and its successors
and assigns. This Guaranty may be executed in any number of counterparts, each
of which when so executed shall be deemed an original and such counterparts
shall, together, constitute but one and the same document. 

            TO
THE EXTENT PERMITTED BY APPLICABLE LAW, THE UNDERSIGNED HEREBY WAIVE ANY RIGHT
TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING DIRECTLY OR INDIRECTLY
OUT OF THIS GUARANTY OR ANY OTHER AGREEMENT OR TRANSACTION BETWEEN US OR TO
WHICH WE ARE BOTH PARTIES. 

           
This Guaranty shall be governed by and construed in accordance with the laws of
the State of New York.

            IN
WITNESS WHEREOF, the undersigned have executed and delivered this Guaranty
effective as of the date above set forth. 

	 	/s/ Carole Hochman 	L.S. 
	 	Carole Hochman 	  

Address:  [***]

                 
[***] 

SSN or Fed Tax ID# [***] 

STATE OF _________________________________

COUNTY OF _______________________________

INDIVIDUAL ACKNOWLEDGEMENT 

            The
undersigned, a Notary Public in and for the above State and County, does hereby
certify that on _________________, 2015, before me personally appeared CAROLE
HOCHMAN, residing at the address given above, to me known to be identical
individual described in and who executed the foregoing instrument of Guaranty,
to whom I first made known the contents thereof, and who being by me duly sworn,
did depose and say that same was signed and delivered as a free and voluntary
act and deed, for the uses and purposes therein set forth. 

           
IN WITNESS WHEREOF, I have hereunto set my hand. 

_________________________________________
Notary Public

Commission Expires:

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