Document:

Exhibit 10.6

 

EXHIBIT B

 

TERMS
and CONDITiONS OF SALE AND PURCHASE

 

Terms and conditions
of this option (the “Option”) referenced in that certain Commercial Lease Agreement (the “Lease Agreement”)
entered into as of November 8, 2017 (the “Effective Date”), by and between Meridian Innovations, LLC, a Georgia
limited liability company (“Buyer” or “Purchaser”) and American Science and Technology Corporation,
an Illinois corporation (“Seller”), and as to certain provisions, Ali Manesh (“Principal”).

 

BACKGROUND FACTS

 

Seller owns
a biorefinery and renewable materials manufacturing and technology business (the “Business”).

 

Seller wishes
to sell, assign and transfer to Buyer, and Buyer, for the consideration set forth below, wishes to purchase from Seller, substantially
all the assets of Seller used in the operation of the Business on the terms and conditions more particularly set forth below.

 

As of the closing
date, Buyer will have had full access to all business operations and thus has full knowledge about the condition of the Business,
its Assets, and Business Operations for at least two (2) years prior to the closing date of any purchase hereunder.

 

Principal, as
a principal of Seller will be materially benefitted by Buyer’s performance of its obligations hereunder and as such has agreed
to be bound to certain provisions of this Option.

 

RECITAL OF CONSIDERATION

 

Now, therefore,
in consideration of the premises and the mutual covenants and agreements contained herein, the receipt and sufficiency of which
is hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

 

Section
1

DEFINITIONS AND USAGE

 

1.1 
Definitions. For purposes of this Option, except as otherwise expressly provided herein or unless the context otherwise
requires, initially capitalized terms used in this Option have the meanings set forth in Schedule 1.1.

 

1.2 
Interpretation and Usage. In this Option, unless a clear contrary intention appears: (a) the singular number includes the
plural number and vice versa; (b) reference to any Person includes such Person’s successors and assigns but, if applicable,
only if such successors and assigns are not prohibited by this Option, and reference to a Person in a particular capacity excludes
such Person in any other capacity or individually; (c) reference to any gender includes the other gender and the neuter, as applicable;
(d) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and
in effect from time to time in accordance with the terms thereof; (e) reference to any Legal Requirement means such Legal Requirement
as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from time to time, including rules and
regulations promulgated thereunder, and reference to any section or other provision of any Legal Requirement means that provision
of such Legal Requirement from time to time in effect and constituting the substantive amendment, modification, codification, replacement
or reenactment of such section or other provision; (f) “hereunder,” “hereof,” “hereto,” and
words of similar import will be deemed references to this Option as a whole and not to any particular Section or other provision
hereof or any Exhibit or Schedule attached hereto; (g) “including” (and with correlative meaning “include”
and “includes”) means including, without limiting the generality of any description preceding such term, and will be
deemed to be followed by the words “without limitation”; (h) Section headings are provided for convenience of reference
only and will not affect the construction or interpretation of any provision hereof; (i) any references to “Section”,
“Schedule” or “Exhibit” followed by a number or letter or combination of the two refers to the corresponding
Section, Schedule or Exhibit of or to this Option; (j) with respect to the determination of any period of time, “from”
means “from and including” and “to” means “to but excluding”; and (k) references to documents,
instruments or agreements will be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto.

 

     

     

    

 

1.3 
Legal Representation of the Parties. This Option was negotiated by the Parties with the benefit of legal representation,
and any rule of construction or interpretation otherwise requiring this Option to be construed or interpreted against any Party
will not apply to any construction or interpretation hereof.

 

1.4 
Incorporation by Reference. The Parties agree that the Background Facts set forth above are true and correct and are hereby
incorporated herein by this reference.

 

Section
2

PURCHASE OF THE ASSETS FROM THE SELLER

 

2.1 Sale
of Assets. Upon the terms and subject to the conditions set forth in this Option, at the Closing, Seller will sell, convey,
assign, transfer and deliver to Buyer, and Buyer will purchase and acquire from Seller, free and clear of any third party claim,
lien or encumbrances, all right, title and interest in and to the following property and assets (collectively, the “Assets”):

 

(i)
 all Tangible Personal Property;

 

(ii)
 all non-appealable and unrestricted Approvals, Consents, Government Authorizations, permits
franchise rights, consents, licenses and other authorizations, and all pending applications therefore or renewals thereof relating
to the ownership, development and operation of the Business, and the Assets, all such approvals, permits, franchise rights, consents,
licenses and other authorizations, determined to be necessary by Buyer, in its sole discretion, to allow Buyer to operate the Business
as a going concern, excluding corporate operation authorizations (collectively, the “Permits”);

  

(iii)
 the going concern value and goodwill of Seller;

 

(iv)
 originals or copies of all data and records (whether in print, electronic or other format),
related to the Business and the Assets, or used in the conduct and operation of the Business and ownership and operation of the
Assets, including client, customer and supplier lists and records, volume reports and records, service and warranty records, studies,
reports, correspondence related to the Business (other than corporate records and charters) and the Assets and other similar documents
and records; provided, however, that Seller, shall be entitled to maintain copies of all such data and records for a period of
four (4) years after the Closing, whereupon all such electronic and hard copies shall be delivered to Buyer. No corporate record
books, employment, payroll, tax on accounting records are part of the assets being transferred.

 

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(v)
 the rights of Seller under (and the benefit of) all existing non-competition agreements
executed by former employees of the Business in favor of Seller or any Seller or any prior owner of the Business or any part thereof
and by current employees of the Business.

 

(vi)  all
inventory of Seller maintained for the operation of the Business as of the date of closing;

 

(vii)  all
Intangible Personal Property;

 

(viii)  all
data, documentation, books and records related to the Seller or Business, including research and engineering reports and drawings,
permit records, title reports and policies, surveys relating to the Property, correspondence and all other similar documents and
records, including all right, title and interest thereto;

 

(ix) all
Intellectual Property Assets; and,

 

(x) The
Property.

 

Notwithstanding
any of the foregoing in this Section 2.1, the sale, assignment and transfer of the Assets pursuant to this Option will not include
the assumption of any Liabilities of Seller unless Buyer expressly assumes same pursuant to this Option and no cash, cash equivalents,
investments, accounts receivable, notes receivable, or other similar non-operational assets are part of the assets being transferred.

 

2.2  Excluded
Assets. Notwithstanding anything to the contrary contained in Sections 2.1 or elsewhere in this Option, the assets of Seller
set forth on Schedule 2.2 (collectively, the "Excluded Assets") are not part of the sale and purchase contemplated
hereunder, are excluded from the Assets and will remain the property of the Seller after the Closing.

 

2.3
 Consideration. Buyer agrees to pay to Seller, as follows (the “Purchase
Price”):

 

(a)  Tranche
I:

 

(i) 
At the Closing, Two Million Five Hundred Thousand and no/100 Dollars ($2,500,000.00) (the “Purchase Price”), less amounts
payable by Buyer pursuant to Section 2.4 shall be delivered by Buyer to Seller by wire transfer pursuant to the wiring instructions
set forth on Schedule 2.3(a)(i).

 

(b) 
Tranche II:

 

After Closing,
Buyer shall pay to Seller royalty payments, not to exceed Ten Million and no/100ths Dollars ($10,000,000.00), as follows:

 

(i) 
Two tenths of a percent (0.2%) of all Buyer’s Biomass Feedstock Costs incurred in operating the Property as a biorefinery
which has incorporated the technology contained in the Biorefinery Patents in its design, construction or operations. This royalty
shall be paid annually no later than sixty (60) days after the close of Buyer’s fiscal year in which such Biomass Feedstock
Costs were incurred by Buyer; and,

 

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(ii)Two
Hundred Fifty Thousand and no/100ths Dollars ($250,000.00) for any third party owned biorefinery constructed, with Buyer’s
written consent, employing the technology contained in the Biorefinery Patents. This royalty shall be paid within sixty (60) days
after Buyer has received the full consideration due Buyer pursuant to the terms and conditions contained in such written consent.

 

2.4 Seller
Liabilities.

 

(a) All
Seller Retained Liabilities will remain the exclusive responsibility of and will be retained, paid, performed and discharged exclusively
by Seller, and Seller shall indemnify, defend and hold Buyer harmless from and against any claim therefore or liability arising
therefrom pursuant to Section 7 of this Option. “Retained Liabilities” means every Liability of Seller other
than any such liability expressly assumed by Buyer in writing or created by Buyer after December 31, 2017. Without limiting the
generality of the foregoing, the Seller Retained Liabilities include:

 

(i)
 any liability arising out of or relating to services performed by Seller in connection
with the Business and Seller agrees to pay and discharge all accounts payable relating to the Business in a timely manner in accordance
with their respective payment terms;

  

(ii) any
Liability under any contract or agreement not assumed in writing by Buyer;

 

(iii)
 any Liability arising out of or relating to any Indebtedness of Seller or its affiliates,
unless same has been expressly assumed by Buyer; and,

 

(iv)
 any Liability for taxes relating to or arising as a result of the operation of the Business
or ownership of the Assets before December 31, 2017.

 

2.5 Closing
Date. Unless Buyer and Seller otherwise agree, the purchase and sale of the Assets will take place by facsimile transmission
or by electronic mail in PDF format of all required documents (with the original executed documents to be delivered by overnight
courier) to the offices of Richard J. Dreger, located at 11660 Alpharetta Highway, Building 700, Suite 730, Roswell, Georgia 30076,
and will occur no later than December 31, 2019, effective as of January 1, 2020 after satisfaction or waiver of the required conditions
as set forth in this Option (“Closing Date” or “Closing”). At Closing, upon Seller’s
receipt of the full consideration called for all of Seller’s right, title and interest in and to the Assets and in any such
right, title or interest that Seller may have or had with respect to the Business will be transferred and conveyed to Buyer free
and clear of all Liens

 

2.6 Closing
Obligations.

 

(a) 
Deliveries by Seller. At the Closing, Seller will deliver to Buyer: (i) the various certificates, instruments, and documents
referred to in Section 6.1; and (ii) a Bill of Sale for the Assets being sold “as is” in the form of Schedule
2.6(a)(ii) attached hereto and made a part hereof and (iii) an assignment of all Assigned Contracts in the form of Schedule 2.6(a)(iii)
attached hereto and made a part hereof.

 

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(b) 
Deliveries by Buyer. At the Closing, Buyer will deliver to Seller: (i) the various certificates, instruments, and documents
referred to in Section 6.2; and (ii) the applicable consideration specified in Section 2.3.

 

2.7 Closing
Costs; Expenses.

 

(a) 
Seller agrees to pay all documentary stamp tax or other transfer taxes relating to the transfer of the Assets to Buyer. Seller
shall be solely responsible for all State or Federal Income Taxes or similar Taxes imposed on Seller as a result of the Contemplated
Transactions. Seller acknowledges and agrees that neither the Buyer nor the Seller shall have a duty or obligation to pay any Taxes
attributable to Seller as a result of the purchase and sale of the Assets.

 

(b) 
Each Party shall be solely responsible for any legal or accounting fees, brokerage or finders’ fees or agents’ commissions
or other similar payments incurred by or agreed to by such Party in connection with the execution and delivery of this Option or
the completion of the Contemplated Transactions.

 

SECTION 3

 REPRESENTATIONS AND WARRANTIES
CONCERNING OF SELLER REGARDING THE

PURCHASE AND SALE OF THE ASSETS

 

Seller represents
and warrants to Buyer that the statements contained in this Section 3 are true, correct and complete as of the
Effective Date and as of the Closing Date, except as set forth in the disclosure schedule delivered by Seller to Buyer and Parent
on the date hereof (the “Disclosure Schedule”). Nothing in the Disclosure Schedule shall be deemed adequate
to disclose an exception to a representation or warranty made herein, however, unless the Disclosure Schedule identifies the exception
with reasonable particularity and describes the relevant facts in reasonable detail. The Disclosure Schedule will be arranged in
paragraphs corresponding to the lettered and numbered paragraphs contained in this Section 3.

 

3.1 Authorization
of Transaction. Seller has full power and legal capacity to execute and deliver this Option, and all other agreements and written
instruments to which Seller is a party as contemplated hereby, and to perform its obligations hereunder and thereunder. This Option,
and such other agreements and written instruments, constitute the valid and legally binding obligations of Seller, enforceable
in accordance with their terms and conditions, except as enforcement thereof may be limited by applicable Insolvency Laws. The
execution, delivery, and performance of this Option and all other agreements contemplated hereby have been duly authorized by Seller.
Seller has all right, power and capacity to execute and deliver this Option, and all other agreements, documents and written instruments
to be executed by Seller in connection with the Contemplated Transactions, and to perform his obligations under this Option and
all such other agreements, documents and written instruments.

  

3.2 No
Conflict with Restrictions; No Default. Neither the execution, delivery, and performance of this Option nor
Seller’s performance of and compliance with the terms and provisions contemplated hereby (i) will conflict with,
violate, or result in a Breach of any of the terms, covenants, conditions, or provisions of any Legal Requirements in effect
on the date hereof applicable to, or any Order, Consent or Governmental Authorization of any Governmental Body directed to,
or binding on Seller, (ii) will conflict with, violate, result in a Breach of, or constitute a default under any of the
terms, conditions, or provisions of any agreement or instrument to which, Seller is a party or by which Seller is or may be
bound or to which any of their Property or assets is subject, (iii) will conflict with, violate, result in a Breach of,
constitute a default under (whether with notice or lapse of time or both), accelerate or permit the acceleration of the
performance required by, give to others any material interests or rights, or require any Consent under any indenture,
mortgage, lease agreement, or instrument to which either Seller is a party or by which Seller or Seller’s property or
assets is or may be bound, or (iv) will result in the creation or imposition of any Lien upon any of the Property or Assets
of the Seller, or upon the Assets, or cause Buyer (or any Related Person thereof) or the Seller to become subject to, or to
become liable for the payment of, any Tax.

 

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3.3 Consents;
Governmental Authorizations. Except as set forth on Schedule 3.3, Seller is not required to give any notice to,
or obtain any Consent from, any Person in connection with the execution and delivery of this Option or the consummation of any
of the Contemplated Transactions. Any registration, declaration, or filing with, or Consent, or Governmental Authorization or Order
by any Governmental Body that is required in connection with the valid execution, delivery, acceptance, and performance by Seller
under this Option or the consummation by Seller of any transaction contemplated hereby has been completed, made, or obtained on
or before the Closing Date.

 

3.4 Litigation.
Except as set forth in Schedule 3.4, there are no Proceedings pending or, to the Knowledge of Seller, threatened
against or affecting Seller or any of their Property, assets, rights, or Business in any court or before or by any Governmental
Body that could, if adversely determined (or, in the case of an investigation, could lead to any Proceeding that could, if adversely
determined), reasonably be expected to materially impair Seller’s ability to perform their obligations under this Option
or to have a Material Adverse Effect on the Seller; and Seller has not received any currently effective notice of any default;
and Seller is not in default, under any applicable Order of any Governmental Body that could reasonably be expected to impair Seller’s
ability to perform its obligations under this Option or to have a Material Adverse Effect on the Seller.

 

3.5 Brokers’
Fees. Except as set forth on Schedule 3.5, Seller has no Liability or obligation to pay any fees or commissions
to any broker, finder, or agent with respect to the Contemplated Transactions.

 

3.6 Organization,
Qualification, and Power. The Seller is a corporation duly organized, validly existing, and in good standing under the laws
of the Illinois. Schedule 3.6 lists the members, managers, directors and officers of the Seller. Seller has delivered
to Buyer correct and complete copies of the Organizational Documents of the Seller (as amended to date). The Seller is not in default
under or in violation of any provision of its Organizational Documents.

 

3.7 No
Conflict; Consents.

 

Except as set
forth on Schedule 3.7, neither the execution and delivery of this Option by Seller, nor the consummation or performance
of any of the Contemplated Transactions will, directly or indirectly (with or without notice or lapse of time): (i) Breach or otherwise
conflict with any provision of the Organizational Documents of the Seller, or contravene any resolution adopted by the officers,
managers, or members of the Seller; (ii) Breach or otherwise conflict with any Legal Requirement or Order to which the Seller may
be subject or give any Governmental Body or other Person the right to challenge the Contemplated Transactions or to exercise any
remedy or obtain any relief under any Legal Requirement or any Order to which the Seller may be subject; (iii) Breach or otherwise
conflict with or result in a violation or Breach of any of the terms or requirements of, or give any Governmental Body the right
to revoke, withdraw, suspend, cancel, terminate or modify, any Governmental Authorization that is held or being applied for by
or on behalf of the Seller or that otherwise relates to the Seller or their Assets, Property or the Business of the Seller; (iv)
cause Buyer (or any Related Person thereof) to become subject to, or to become liable for the payment of, any Tax (other than normal
sale closing taxes); (v) Breach or otherwise conflict with any provision of, or give any Person the right to declare a default
or exercise any remedy under, or to accelerate the maturity or performance of, or payment under, or to cancel, terminate or modify,
any contract or agreement to which the Seller is a party or by which the Seller is bound; or (vi) result in the imposition or creation
of any Lien on any of the Seller’ Business, or Assets, including the Property.

 

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(a) 
Except as set forth on Schedule 3.7(b), the Seller is not required to give any notice to, or obtain any Consent from,
any Person in connection with the execution and delivery of this Option or the consummation of any of the Contemplated Transactions,
including any Consent required in order to preserve and maintain all Governmental Authorizations required for the ownership and
continued operation of the Business of the Seller either before or after Closing and the consummation of the Contemplated Transactions.
Any registration, declaration, or filing with, or Consent, or Governmental Authorization or Order by, any Governmental Body with
respect to the Seller that is required in connection with the consummation of the Contemplated Transactions has been completed,
made, or obtained on or before the Closing Date.

 

3.8 Title
to Assets. The Seller has good and marketable title to all of the Assets, free and clear of all Liens. The Assets are not leased
and Seller has not otherwise granted to any Person the right to use, operate or own the Assets or any portion thereof. There are
no outstanding options, rights of first offer or rights of first refusal to purchase any of Assets, or any portion thereof, or
interest therein.

 

3.9 Intentionally
Deleted.

 

3.10 Intentionally
Deleted.

 

3.11 
Intentionally Deleted.

 

3.12 Seller
has not received any notice or other communication (written or oral) from any Governmental Body or any other Person regarding the
ability of the Seller to own or operate the Business or the Assets, or the intention of any Governmental Body to challenge or oppose
the Seller’s ownership or operation of the Business or the Assets. Without limiting the generality of the foregoing, since
August 1, 2017:

 

(a) 
Other than the Lease, the Seller has not sold, leased, transferred, or assigned any of its Assets, tangible or intangible;

 

(b) 
the Seller has not granted any Liens upon any of its Assets, tangible or intangible; and

 

(c) 
the Seller has not transferred, assigned, or granted any license or sublicense of any rights under or with respect to any Intellectual
Property Assets other than to Buyer.

 

3.13 Intentionally
Deleted.

 

3.14 Condition
of the Property.

 

(i)
The Land is not leased to anyone other than Buyer and no third party has the right to use, operate or own the Land or any portion
thereof. There are no other outstanding options, rights of first offer or rights of first refusal to purchase the Land or any portion
thereof or interest therein, other than given to Buyer.

 

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(ii) Other
than as created by Tenant, there are no unpaid bills of any nature for labor or materials in regard to any construction, repair
or maintenance of the Property or Improvements, and there are no fixtures installed in the Improvements that have not been paid
for in full.

 

(iii)
Seller owns fee simple title to the Land and the Improvements thereon, with title insurable by a title insurance company acceptable
to Buyer in the full amount of the allocated portion of the Purchase Price for the Land and Improvements thereon, in ALTA form,
at standard published rates, subject only to easement restrictions and covenants of record, except as set forth on Schedule
3.14(iii) (the “Permitted Exceptions”) and the existing mortgage on the Property that the Seller agrees to
discharge at Closing.

 

3.15 Conveyance
of Entire Interest in the Assets. At Closing, all of Seller’s right, title and interest in and to the Assets will be
transferred and conveyed to Buyer free and clear of all Liens.

 

3.16Litigation.
Except as set forth in Schedule 3.16 (which lists pending or threatened Proceedings, all of which are referred to
as “Current Litigation Matters”), there is no pending or, to Seller’s Knowledge, threatened Proceeding:
(i) by or against the Seller; (ii) that otherwise relates to or may affect the Business of, or any of the Assets owned or used
by, the Seller; or (iii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering
with, any of the Contemplated Transactions, the Business or the Assets, or the ownership, construction, development, or operation
of any of the Property in furtherance of the Business. No event has occurred or circumstance exists that is reasonably likely
to give rise to or serve as a Basis for the commencement of any such Proceeding. Except as set forth in Schedule 3.16,
(i) Seller has no knowledge of any Order to which the Seller, the Business or any of the Assets is subject or that in any way relates
to or could reasonably be expected to affect the Seller, the Business or the Assets, or the ownership, construction, development,
or operation of the Property; and (ii) no officer, director, member, manager, agent or employee of the Seller is subject to any
Order that prohibits such officer, director member, manager, agent or employee from engaging in or continuing any conduct, activity
or practice relating to the Business of the Seller. Except as set forth on Schedule 3.16, (i) the Seller is, and
at all times have been, in compliance with all of the terms and requirements of any Order, (ii) the Seller has not received any
notice or other communication (whether written or oral) from any Governmental Body or any other Person regarding any actual, alleged,
possible or potential violation of, or failure to comply with, any term or requirement of any such Order.

 

3.17 Intentionally
Deleted.

 

3.18 Intentionally
Deleted.

 

3.19 Intellectual
Property. Schedule 3.19 contains a complete and accurate list and summary of all Intellectual Property, including,
without limitation, the Biorefinery Patents, owned or possessed by the Seller, or which the Seller has the right to use pursuant
to a valid and enforceable patent, written license, sublicense, agreement, or permission (collectively and together with the Intangible
Personal Property, the “Intellectual Property Assets”). Such Intellectual Property Assets constitute all of
the Intellectual Property necessary for the operation of the Business of the Seller as presently conducted. The Seller is the owner
or licensee of all right, title and interest in and to each of the Intellectual Property Assets, free and clear of all Liens. The
Seller has the right to use all of the Intellectual Property Assets without payment to any third party. The Seller owns or has
the right to use pursuant to ownership, license, sublicense, agreement, permission or free and unrestricted availability to general
public all of the Intellectual Property Assets used by such Seller. To Seller’s knowledge, neither Seller nor its managers,
directors and officers has ever received any charge, complaint, claim, demand, or notice alleging any such interference, infringement,
misappropriation, or violation (including any claim that the Seller must license or refrain from using any intellectual property
rights of any third party). To the Knowledge of Seller, no third party has interfered with, infringed upon, misappropriated, or
otherwise come into conflict with any proprietary intellectual property rights of the Seller.

 

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3.20 Corrupt
Practices. Except in compliance with all Legal Requirements, to Seller’s Knowledge, Seller nor any of Seller’s
Related Persons, or each of its respective officers, or directors, employees or agents, have, directly or indirectly, ever made,
offered or agreed to offer anything of value to (a) any employees, Representatives or agents of any customers of Seller for the
purpose of attracting business to Seller or (b) any domestic governmental official, political party or candidate for government
office or any of their employees, Representatives or agents.

 

3.21 Solvency.
Seller is not Insolvent and Seller has committed no an act of bankruptcy, proposed a compromise or arrangement to its creditors
generally, had any petition in bankruptcy filed against it, filed a petition or undertaken any action proceeding to be declared
bankrupt, to liquidate its assets or to be dissolved. The Contemplated Transactions will not cause the Seller to become Insolvent
or to be unable to satisfy and pay its debts and obligations generally as they come due.

 

3.22 Disclosure.

 

(a) 
To Seller’s Knowledge no representation or warranty or other statement made by Seller in this Option, the Schedules, the
certificates delivered pursuant to this Option or otherwise in connection with the Contemplated Transactions contain any untrue
statement or omits to state a material fact necessary to make any of them, in light of the circumstances in which it was made,
not misleading.

 

(b) 
Seller has no Knowledge of any fact that has specific application to the Seller (other than general economic or industry conditions)
and that may materially adversely affect the assets, business, prospects, financial condition or results of operations of the Seller
that has not been set forth in this Option or the Schedules.

 

SECTION 4

 REPRESENTATIONS AND WARRANTIES
OF BUYER

  

Buyer represents
and warrants to Seller that the statements contained in this Section 4 are correct and complete:

 

4.1 Organization
of Buyer. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Georgia.
Buyer is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification
is required.

 

4.2 Authorization
of Transaction. Buyer has full power and authority to execute and deliver this Option, and all other agreements and
written instruments to which Buyer is a party as contemplated hereby, and to perform its obligations hereunder and
thereunder. This Option, and such other agreements and written instruments, constitutes the valid and legally binding
obligation of Buyer, enforceable in accordance with its terms and conditions, except as enforcement thereof may be limited by
applicable Insolvency Laws. The execution, delivery, and performance of this Option and all other agreements contemplated
hereby have been duly authorized by Buyer. Buyer has all right, power and capacity to execute and deliver this Option, and
all other agreements, documents and written instruments to be executed by Buyer in connection with the Contemplated
Transactions, and to perform its obligations under this Option and all such other agreements, documents and written
instruments.

 

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4.3 Notices
and Consents. Except as set forth on Schedule 4.3, Buyer is not required to give any notice to, or obtain any
Consent from, any Person in connection with the execution and delivery of this Option or the consummation of any of the Contemplated
Transactions.

  

4.4 Litigation.
There are no Proceedings pending or, to the Knowledge of Buyer, threatened against or affecting Buyer or any of its Property, assets,
rights, or Business in any court or before or by any Governmental Body that could, if adversely determined (or, in the case of
an investigation, could lead to any Proceeding that could, if adversely determined), reasonably be expected to materially impair
Buyer’s ability to perform its obligations under this Option; and Buyer has not received any currently effective notice of
any default; and Buyer is not in default, under any applicable Order of any Governmental Body that could reasonably be expected
to impair Buyer’s ability to perform its obligations under this Option.

 

4.5 Brokers’
Fees. Buyer has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the
Contemplated Transactions.

 

SECTION 5

COVENANTS

 

5.1 General.
The Parties will cooperate reasonably with each other and with their respective Representatives in connection with any steps required
to be taken as part of their respective obligations under this Option, and will (a) furnish upon reasonable request to each other
such further information, (b) execute and deliver to each other such other documents, and (c) do such other acts and things, all
as any other Party may reasonably request for the purpose of carrying out the intent of this Option and the Contemplated Transactions.
In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of this Option, each
of the Parties will take such further action (including the execution and delivery of such further instruments and documents) as
any other Party reasonably may request, all at the sole cost and expense of the requesting Party (unless the requesting Party is
entitled to indemnification therefor under Section 7, or unless such cost or expense is the obligation of the non-requesting
Party under this Option). Seller acknowledges and agrees that, from and after the Closing, Buyer will be entitled to possession
of the Assets.

 

5.2 Intentionally
Deleted.

 

5.3 Confidentiality.

 

(a) 
Seller hereby acknowledges and agrees that, through its ownership or operation of the Companies, it has occupied positions of trust
and confidence with respect to the Companies and the Businesses up to the date hereof and has had access to, and has become familiar
with, the confidential and non-public information of the Companies and the Businesses any and all other confidential or proprietary
information concerning the affairs or conduct of the Companies and the Businesses prior to the date hereof, whether prepared by
or on behalf of the Seller or the Companies (collectively, the “Confidential Information”).

 

    	 	10	 

     

    

 

(b) 
Seller hereby acknowledges and agrees that the protection of the Confidential Information of the Companies is necessary to protect
and preserve the value of the Companies and the Businesses and Assets of the Companies, and that without such protection, Buyer
would not have entered into this Option and consummated the Contemplated Transactions. Accordingly, subject to the provisions of
Section 5.3(c), Seller hereby covenants and agrees, for itself, its Representatives and Related Persons, that, without
the prior written Consent of Buyer (which Consent will be at the Buyer’s absolute discretion to give or withhold), Seller
will not, nor will it cause or permit its Representatives and Related Persons to, at any time on or after the Closing Date, directly
or indirectly, disclose to any Person or use for its own account or benefit or for the account or benefit of any other Person any
Confidential Information.

 

(c) 
The provisions of Section 5.3(b) will not apply to any Confidential Information (i) that the Seller can demonstrate
with documentary evidence is generally known to, and available for use by, the public other than as a result of the Breach of this
Option or, to the Knowledge of Seller, any other agreement pursuant to which any Person (including Seller or any Representative
or Related Person thereof) owes any duty of confidentiality to the other Party or previously owed any duty of confidentiality to
Buyer; (ii) that is required to be disclosed pursuant to Legal Requirement or an Order, or (iii) that the Seller can reasonably
determine is necessary to be disclosed to a Representative of Seller in order for Seller to perform its covenants and obligations,
or to enforce its rights against Buyer, under this Option or any related agreement (and then only to the extent necessary to perform
such covenants and obligations or to enforce such rights). If Seller (including any Representative or Related Person thereof) becomes
compelled by a Legal Requirement or any order to disclose any Confidential Information, Seller will provide Buyer with prompt written
notice of such requirement so that Buyer may seek a protective order or other remedy in respect of such compelled disclosure. If
such a protective order or other remedy is not obtained by or is not available to Buyer, then Seller will use reasonable efforts
to ensure that only the minimum portion of such Confidential Information that is legally required to be disclosed is so disclosed,
and Seller will use all reasonable efforts to obtain assurances that confidential treatment will be given to such Confidential
Information. Seller acknowledge its responsibility to ensure that its Representatives and agents who are given, or now have, access
to the Confidential Information will comply with the terms of this Section 5.3. Seller shall be liable for any Breach of
this Option caused by its Representatives and agents.

 

5.4 Injunctive
Relief. The Parties acknowledge and agree that (a) each of the provisions of Sections 5.1, 5.3, 5.5, 5.6, 5.7, 5.9 and 5.10
are reasonable and necessary to protect the legitimate business interests of the Parties and their Related Persons, (b) any violation
of any such covenant contained in Sections 5.1, 5.3, 5.5, 5.6, 5.7, 5.9 and 5.10 would result in irreparable injury to the
Parties and their Related Persons, the exact amount of which would be difficult, if not impossible, to ascertain or estimate, and
(c) the remedies at law for any such violation would not be reasonable or adequate compensation to the Parties and their Related
Persons for such a violation. Accordingly, notwithstanding any other provision of this Option, if either Party, directly or indirectly,
violates any of its covenants or obligations under Sections 5.1, 5.3, 5.5, 5.6, 5.7, 5.9 and 5.10, then, in addition to
any other remedy which may be available to the other Party or any Related Person thereof, at law or in equity, the Parties and
their Related Persons will be entitled to seek injunctive relief against the other Party, without posting bond or other security,
and without the necessity of proving actual or threatened injury or damage.

 

    	 	11	 

     

    

 

5.5 Public
Announcements. The Parties will keep the existence of this Option, the terms and conditions hereof and the Contemplated Transactions
confidential, and the Parties will not, nor will they cause or permit any Related Person or Representative to, make any public
announcement in respect of this Option or the Contemplated Transactions without the prior written Consent of the other Party, which
Consent may be given or withheld in any Party’s sole discretion; provided, however that the foregoing confidentiality and
non-disclosure obligations will not apply to: (1) Buyer if at Closing, if Buyer determines to issue a press release announcing
the fact of the acquisition of the Companies, and (2) the Parties to the extent that (a) disclosure of such information is reasonably
necessary to consummate the Contemplated Transactions, (b) disclosure of such information is required pursuant to Legal Requirement
(including the Securities Exchange Act of 1934, as amended, and the rules of any national stock exchange or automated dealer quotation
system) or an Order, (c) disclosure of such information is reasonably necessary for the Parties to enforce their rights under this
Option, or (d) such information is already in the public domain other than as a result of a breach of this Section 5.5 or
Section 5.3 or any other confidentiality or non-disclosure obligation owed to a Party by any Person (including the other
Party). To the extent that any public announcement of this Option, any of the provisions hereof or the Contemplated Transactions
is required of the Parties by Legal Requirement or Order, the Parties will cooperate reasonably with respect to reaching agreement
on the contents and timing of such announcement.

 

5.6 Use
of Name. Seller hereby agrees that from and after the Closing Date, Seller and its Related Persons shall not change its name
and henceforth neither, directly or indirectly, use the name “American Science and Technology”, “American Science”,
“American Technology”, or any derivation or variation thereof in any manner.

 

5.7 Pre-Closing
Covenants. The Parties agree as follows with respect to the period between the Effective Date and the Closing or earlier termination
of this Option:

 

(a) Seller
will not engage, in any practice, take any action, or enter into any transaction outside the Ordinary Course of Business with respect
to the Assets, including the Property or the Businesses, except for transactions with Buyer. Except for transactions with Buyer,
Seller will not sell, lease, transfer or assign any of the Assets, including the Property, outside the Ordinary Course of Business
and will not impose any Liens upon any of the Assets, including the Property. Seller will not, without Buyer’s prior Consent,
cancel, compromise, waive or release any right or claim under, in or to the Assets, including the Property.

 

(b) Seller
will not, without Buyer’s prior Consent, voluntarily incur any obligation outside the Ordinary Course of Business or enter
into any material transaction, contract, capital expenditure or commitment for which Buyer may have responsibility or obligation
after Closing outside the Ordinary Course of Business.

 

(c) Seller
will not (a) solicit, initiate, or encourage the submission of any proposal or offer from any Person relating to the acquisition
of any portion of the Assets, including the Property, (including any acquisition structured as a merger, consolidation, or share
exchange) or (b) participate in any discussions or negotiations regarding, furnish any information with respect to, assist or participate
in, or facilitate in any other manner any effort or attempt by any Person to do or seek any of the foregoing.

 

(d) 
Seller will not cause any waste of the Assets, including the Property.

 

(e) 
Seller will not, without prior written consent of Buyer, enter into any compromise or settlement of any litigation, including any
Current Litigation, Proceeding or investigation by any Governmental Body relating to the Seller, the Businesses, or the Assets,
including the Property.

 

    	 	12	 

     

    

 

(f) 
Seller will not take any action, or knowingly omit to take any action, that would or would reasonably be expected to result in
(i) any representation or warranty of Seller set forth in this Option becoming untrue or (ii) any of the conditions to
the obligations of Seller set forth in this Option not being fully satisfied. Seller will give prompt written notice to Buyer of
any material adverse development causing any of the representations and warranties of Seller contained in this Option to become
inaccurate or untrue. No disclosure pursuant to this Section 5.7(h), however, shall be deemed to cure any misrepresentation,
breach of warranty, or breach of covenant.

 

The Parties
will do all other acts that may be reasonably necessary or desirable in the reasonable opinion of the Parties to consummate the
Contemplated Transactions, all without further consideration.

 

5.8.  Intentionally
Deleted.

  

5.9 Termination
of this Option. The Parties may terminate this Option as provided below:

 

(a) 
Buyer and Seller may terminate this Option by mutual written Consent at any time prior to the Closing Date;

 

(b) 
Buyer may terminate this Option by giving written notice to Seller at any time prior to the Closing if Buyer determines that (i)
any Governmental Authorizations, Permits, Consent, Approvals, licenses, Contracts, or any other permits or approvals contemplated
by this Option are not in existence, have not been obtained by the Companies, or the Companies either do not have full right, title
and interest in and to such Governmental Authorizations, Permits, Consents, Approvals, licenses, Contracts, or any other permits
or approvals; or such Governmental Authorizations, Permits, Approvals, Consents, licenses, Contracts, or any other permits or approvals
cannot be transferred to or issued directly to and in the name of the Companies; and/or (ii) such Governmental Authorizations,
Permits, Approvals, Consents, licenses, Contracts, or any other permits or approvals cannot be issued, conveyed, assigned or transferred
to the Companies.

 

(c) 
Buyer may terminate this Option by giving written notice to Seller at any time prior to the Closing (i) in the event Seller has
Breached any representation, warranty, or covenant contained in this Option in any respect, Buyer has notified Seller of the Breach,
and the Breach has continued without cure for a period of ten (10) days after the notice of Breach; and,

 

(d) 
Buyer may terminate this Option in the event any Improvements have been substantially destroyed or damaged.

 

(e) This
Option shall terminate if same shall not have been exercised prior to the termination of the Lease Agreement.

  

If this Option
terminates pursuant to this Section 5.9, all rights and obligations of the Parties hereunder shall terminate without any
liability of any Party to any other Party (except for (i) any liability of any Party then in Breach, (ii) the obligations of the
Parties pursuant to Section 5.3.

 

5.10 Intentionally
Deleted.

  

    	 	13	 

     

    

 

SECTION 6

CONDITIONS TO OBLIGATION TO CLOSE

 

6.1 Conditions
to Obligation of Buyer to Close. The obligation of Buyer to consummate the transactions to be performed by it in connection
with the Closing is subject to satisfaction of the following conditions:

 

(a) 
The representations and warranties of Seller set forth in Section 3 shall be true and correct in all material respects at
and as of the Closing Date, except to the extent that such representations and warranties are qualified by terms such as “material”
and “Material Adverse Effect,” in which case such representations and warranties shall be true and correct in all respects
at and as of the Closing Date. Seller shall have performed and complied with all of its covenants hereunder in all material respects
through the Closing;

 

(b) 
On or before the Closing, Seller shall file for and obtain in the name of Buyer all the necessary Governmental Authorizations from
any Governmental Body (collectively the “Approvals”) having jurisdiction over the Property, or the Businesses,
in order for the Permits to be issued to the Buyer. Seller covenants to use good faith and due diligence to actively pursue the
Approvals. Seller shall execute any additional agent authorization documentation and any other document, instrument or certificate
specifically required by any Governmental Body to permit the Companies to obtain the Permits and Approvals;

 

(c) 
The Seller shall have procured all of the third-party Consents specified in Schedule 3.3 and 3.7(b);

 

(d) 
No action, suit, or proceeding shall be pending or threatened before any court or quasi-judicial or administrative agency of any
federal, state, local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree,
ruling, or charge would (i) prevent consummation of any of the transactions contemplated by this Option, (ii) cause any of the
transactions contemplated by this Option to be rescinded following consummation, or (iii) affect adversely the right of Buyer to
own the Assets, including the Property, and to operate the Businesses (and no such injunction, judgment, order, decree, ruling,
or charge shall be in effect);

 

(e) 
Seller shall execute any additional agent authorization documentation and any other document, instrument or certificate specifically
required by any Governmental Body to permit the Buyer to obtain the Permits and Approvals;

 

(f) The
Assets shall be free and clear of all liens or third party claims.

 

(g)  Seller
shall have executed and delivered to Buyer a non-competition, non-solicitation, and confidentiality agreements acceptable to Buyer
that, among other things, prevents Seller and Ali Manesh from competing with the Buyer or the
Businesses or the business of Buyer within a 150 mile radius of each of the Property or soliciting customers or employees of the
Buyer for a period of five (5) years following the Closing Date or from disclosing confidential information regarding the Companies
for a period of eight (8) years from the Closing Date. Such agreements shall be substantially in the form of Paragraph 19.15 of
the Lease Agreement (the “Restrictive Covenants Agreements”);

 

(h) Seller
shall have delivered to Buyer a non-foreign affidavit dated as of the Closing Date, sworn under penalty of perjury and in form
and substance required under the Treasury Regulations issued pursuant to Code Section 1445, stating that Seller is not a “Foreign
Person” as defined in Code Section 1445;

 

    	 	14	 

     

    

 

(i)Seller
shall have executed and delivered to Buyer a certificate from Seller that the representations and warranties of Seller set forth
herein are true and correct as of Closing;

 

(j) All actions
to be taken by Seller in connection with Contemplated Transactions and all certificates, opinions, instruments, and other documents
required to effect the Contemplated Transaction shall be reasonably satisfactory in form and substance to Buyer;

 

(k) Seller shall
have delivered to Buyer a certificate of the Secretary of Seller, dated the Closing Date, in form and substance reasonably satisfactory
to Buyer, certifying as to any resolutions of the Members and Manager of the Seller relating to this Option and the Contemplated
Transactions;

 

(l) 
Seller shall have executed a general warranty deed for the Land, subject only to the Permitted Exceptions in the form attached
hereto as Schedule 6.1(i);

  

(m) An
authorized representative of Seller shall have executed and delivered a general seller’s affidavit in form regarding the
Land acceptable to Buyer in the form attached hereto as Schedule 6.1(j);

 

(n) Such other
documents as the third party title insurer insuring the Land may require issuing a policy of title insurance subject only to the
Permitted Exceptions.

 

Buyer may waive any condition specified
in this Section 6.1 if it executes a writing so stating at or prior to the Closing.

 

6.2 Conditions
to Obligation of Seller to Close. The obligation of Seller to consummate the transactions to be performed by them in connection
with the Closing is subject to satisfaction of the following conditions:

 

(a) The
representations and warranties of Buyer set forth in Section 4 shall be true and correct in all material respects at and
as of the Closing Date, except to the extent that such representations and warranties are qualified by terms such as “material”
and “Material Adverse Effect,” in which case such representations and warranties shall be true and correct in all respects
at and as of the Closing Date;

  

(b) Buyer
shall not be in material breach of its obligations under the Lease Agreement or that certain Exclusive Commercial Patent License
Agreement entered into by Buyer, Seller and Principal on or about November 8, 2017.

 

(c) No
action, suit, or proceeding shall be pending before any court or quasi-judicial or administrative agency of any federal, state,
local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or
charge would (i) prevent consummation of any of the transactions contemplated by this Option or (ii) cause any of the transactions
contemplated by this Option to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or
charge shall be in effect);

 

(d) Buyer
shall have delivered to Seller a certificate to the effect that each of the conditions specified above in Section 6.2(a)-(b)
is satisfied in all respects;

 

    	 	15	 

     

    

 

(e) Buyer
shall have delivered to Seller (i) a certificate of good standing for Buyer issued on or soon before the Closing Date by the Secretary
of State (or comparable officer) of the State of Georgia;

  

(f)Buyer shall have delivered
to Seller a certificate of the secretary or an assistant secretary of Buyer, dated as of the Closing Date, in form and substance
reasonably satisfactory to Seller, certifying as to any resolutions of the Member of the Buyer relating to this Option and the
Contemplated Transactions;

 

(g) Buyer
shall have executed and delivered to Seller a certificate from Buyer that the representations and warranties of Buyer set forth
herein are true and correct as of Closing; and,

 

(h) all
actions to be taken by Buyer in connection with consummation of the Contemplated Transactions and all certificates, opinions, instruments,
and other documents required to effect the Contemplated Transactions will be reasonably satisfactory in form and substance to Seller.

 

Seller may waive
any condition specified in this Section 6.2 if Seller executes a writing so stating at or prior to the Closing.

  

SECTION 7

 INDEMNIFICATION

 

7.1 Survival.
Subject to the provisions of this Section 7 and Section 8, all representations, warranties, covenants and obligations
of the Parties contained in this Option and in the agreements, instruments and other documents delivered pursuant to this Option
will survive the Closing and the consummation of the Contemplated Transactions.

 

7.2 Indemnification
by Buyer. Buyer hereby covenants and agrees that, to the fullest extent permitted by Legal Requirement, it will defend, indemnify
and hold harmless Seller and its Related Persons and Representatives, and their respective officers, directors, members, managers,
employees, agents, and Representatives, and all successors and assigns of the foregoing (collectively, the “Seller Indemnified
Persons”), for, from and against any Adverse Consequences, arising from or in connection with:

 

(a) 
any breach of, or any inaccuracy in, any representation or warranty made by Buyer (i) in this Option, (ii) the Schedules, (iii)
the certificates delivered pursuant to Section 6 of this Option, or (iv) any other document, writing or instrument delivered
by Buyer pursuant to Section 6 of this Option;

 

(b) 
any breach of, or failure to perform or comply with, any covenant, obligation or agreement of Buyer in this Option or in any other
certificate, document, writing or instrument delivered by Buyer pursuant to Section 6 of this Option; or

 

(c) 
any claim by any Person for any brokerage or finder’s fee, commission or similar payment based upon any agreement or understanding
made, or alleged to have been made, by any Person with Buyer in connection with this Option or any of the Contemplated Transactions.

 

    	 	16	 

     

    

 

7.3 Indemnification
by Seller.

 

(a) 
Seller and Principal (the “Seller Indemnifying Parties”) hereby covenants and agrees
that, to the fullest extent permitted by Legal Requirement, it will defend, indemnify and hold harmless Buyer, and its Related
Persons and Representatives, and their respective officers, directors, members, managers, employees, agents, and Representatives,
and all successors and assigns of the foregoing (collectively, the “Buyer Indemnified Persons”), for, from and
against any Adverse Consequences arising from or in connection with:

 

(i) any
breach of, or any inaccuracy in, any representation or warranty made by Seller in (A) this Option, (B) the Schedules, (C) the certificates
delivered pursuant to this Option, (D) any transfer instrument delivered by Seller pursuant this Option, or (E) any other certificate,
document, writing or instrument delivered by Seller pursuant this Option;

 

(ii) any
breach of, or failure to perform or comply with, any covenant, obligation or agreement of Seller in this Option or in any other
certificate, document, writing or instrument delivered by Seller pursuant to Section 6 of this Option;

 

(iii) any
Liability of the Seller based on facts, events or circumstances occurring before the 12-31-2017, or arising out of or in connection
Seller’s ownership of or Seller’s operation of the Assets and Businesses prior to the Closing known by Seller, whether
or not such Liabilities or claims, absolute, accrued or contingent, on such date;

 

(iv) all
Seller Liabilities;

 

(v) all
Current Litigation Matters to the extent of Seller’s operation of the Assets and Businesses;

  

(vi) 
any claim by any Person for any brokerage or finder’s fee, commission or similar payment based upon any agreement or understanding
alleged to have been made by such Person with any Seller in connection with this Option or any of the Contemplated Transactions;

 

(vii) 
The Retained Liabilities; and

 

(viii) 
any Indebtedness of Seller outstanding on the Closing Date.

 

7.4 Time
Limitations.

 

(a) 
Subject to the limitations and other provisions of this Option, a Buyer Indemnified Person may only assert a claim for indemnification
under Section 7.2 during the applicable period of time (the “Buyer Claims Period”) specified as follows:

 

(i) 
with respect to any claim arising out of (A) any breach of, or any inaccuracy in, any representation or warranty contained in Sections
3.1, 3.2, 3.5, 3.6 or 3.9 of this Option, (B) fraud, willful misrepresentation or willful misconduct, (C) any
Retained Liability or any Indebtedness of the Companies outstanding on the Closing Date, (D) any Liability for any Current Litigation
Matter, or (E) any Liability resulting from, caused by, or arising in connection with any Excluded Contracts, the Buyer Claims
Period will commence on the date of this Option and continue indefinitely; and

 

    	 	17	 

     

    

 

(ii) 
with respect to any other indemnification claim (other than any breach of, or failure to perform or comply with, any covenant,
obligation or agreement of Seller contained in Section 8, which are subject only to Section 8) made under Section
7.3, the Buyer Claims Period will commence on the date of this Option and continue until the date that is eighteen (18) months
after the Closing Date; provided, however, that with respect to any such indemnification claim made under Section
7.3(a)(ii) regarding Seller’s breach of, or failure to perform or comply with, any obligation hereunder or under any
related agreement that is intended to survive and continue after the Closing, the Buyer Claims Period will continue for as long
as such obligation is outstanding (other than any breach of, or failure to perform or comply with, any covenant, obligation or
agreement of Seller contained in Section 8, which are subject to Section 8).

 

(b) 
For purposes of this Option, a Seller Indemnified Person may only assert a claim for indemnification under Section 7.2 during
the applicable period of time (the “Seller Claims Period”) commencing on the date of this Option and continuing
until the date that is two (2) years after the Closing Date; provided, however, that with respect to any such indemnification
claim regarding the Breach by Buyer of any obligation hereunder or under any related agreement that is intended to survive and
continue after the Closing, the Seller Claims Period will continue for as long as such obligation is outstanding.

 

Notwithstanding
anything to the contrary in this Section 7.4, if before 5:00 p.m. (eastern time) on the last day of the applicable Buyer
Claims Period or Seller Claims Period, any Party against which an indemnification claim has been made hereunder has been properly
notified in writing of such claim for indemnity hereunder and the basis thereof, including with reasonable supporting details for
such claim (to the extent then known), and such claim has not been finally resolved or disposed of as of such date, then such claim
will continue to survive and will remain a basis for indemnity hereunder until such claim is finally resolved or disposed of in
accordance with the terms of this Option.

 

7.5 Indemnity
Claims. Neither Buyer nor Seller Indemnifying Parties shall be liable for any claim for indemnification under Section 7.2
or Section 7.3(a) until the claiming party has incurred Adverse Consequences totaling One Hundred Thousand and 00/100 Dollars
($100,000.00), whereupon the indemnifying party shall remain liable for all Adverse Consequences incurred by the claiming party
up to and including an amount equal to twenty percent (20.0%) of the Purchase Price (the “Indemnification Cap”).
The Indemnification Cap shall not apply to any claim for Adverse Consequences relating to any of the following:

 

(a) 
Seller’s breach of its representations and warranties set forth Sections 3.1, 3.5, 3.6, or 3.9;

 

(b) 
Buyer’s breach of its representations and warranties set forth Sections 4.1, 4.2 or 4.5; or

 

(c) 
Adverse Consequences resulting from acts of fraud.

 

7.6 Third-Party
Claims.

 

(a) 
No later than ten (10) Business Days after receipt by a Person entitled to indemnity under Section 7.2 or 7.3 or
2.4 (an “Indemnified Person”) of notice of the assertion of a Third-Party Claim against it, such Indemnified
Person shall give notice to the Person obligated to indemnify under such section (an “Indemnifying Person”)
of the assertion of such Third-Party Claim and a copy of any writing by which, such Third-Party assertion is made. The failure
to notify the Indemnifying Person will relieve the Indemnifying Person of any liability that it may have to any Indemnified Person
to the extent that the Indemnifying Person demonstrates that the defense of such Third-Party Claim is materially prejudiced by
the Indemnified Person’s failure to give such notice.

 

    	 	18	 

     

    

 

(b) 
If an Indemnified Person gives notice to the Indemnifying Person pursuant to Section 7.6(a) of the assertion of a Third-Party
Claim, the Indemnifying Person shall be entitled to participate in the defense of such Third-Party Claim and, to the extent that
it wishes (unless (i) the Indemnifying Person is also a Person against whom the Third-Party Claim is made and the Indemnified Person
determines in good faith that joint representation would be inappropriate or (ii) the Indemnifying Person fails to provide reasonable
assurance to the Indemnified Person of its financial capacity to defend such Third-Party Claim and provide indemnification with
respect to such Third-Party Claim), to assume the defense of such Third-Party Claim with counsel reasonably satisfactory to the
Indemnified Person (provided, such counsel has appropriate experience in the subject matter relating to the claim). After
notice from the Indemnifying Person to the Indemnified Person of its election to assume the defense of such Third-Party Claim,
the Indemnifying Person shall not, so long as it diligently conducts such defense, be liable to the Indemnified Person under this
Section 7.6(b) for any fees of other counsel or any other expenses with respect to the defense of such Third-Party Claim,
in each case subsequently incurred by the Indemnified Person in connection with the defense of such Third-Party Claim, other than
reasonable costs of investigation. If the Indemnifying Person assumes the defense of a Third-Party Claim, (i) such assumption will
conclusively establish for purposes of this Option that the claims made in that Third-Party Claim are within the scope of and subject
to indemnification, and (ii) no compromise or settlement of such Third-Party Claims may be effected by the Indemnifying Person
without the Indemnified Person’s Consent unless: (A) there is no finding or admission of any violation of Legal Requirement
or any violation of the rights of any Person; (B) the sole relief provided is monetary damages that are paid in full by the Indemnifying
Person; and (C) the Indemnified Person shall have no liability with respect to any compromise or settlement of such Third-Party
Claims effected without its Consent. If notice is given to an Indemnifying Person of the assertion of any Third-Party Claim and
the Indemnifying Person does not, within ten (10) days after the Indemnified Person’s notice is given, give notice to the
Indemnified Person of its election to assume the defense of such Third-Party Claim, the Indemnifying Person will be bound by any
determination made in such Third-Party Claim or any compromise or settlement effected by the Indemnified Person.

 

(c) 
Notwithstanding the foregoing, if an Indemnified Person determines in good faith that there is a reasonable probability that a
Third-Party Claim may adversely affect it or its Related Persons other than as a result of monetary damages for which it would
be entitled to indemnification under this Option, the Indemnified Person may, by notice to the Indemnifying Person, assume the
exclusive right to defend, compromise or settle such Third-Party Claim, but the Indemnifying Person will not be bound by any determination
of any Third-Party Claim so defended for the purposes of this Option or any compromise or settlement effected without its Consent
(which may not be unreasonably withheld).

 

(d) 
With respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4: (i) both the
Indemnified Person and the Indemnifying Person, as the case may be, shall keep the other Person fully informed of the status of
such Third-Party Claim and any related Proceedings at all stages thereof where such Person is not represented by its own counsel;
and (ii) the parties agree (each at its own expense) to render to each other such assistance as they may reasonably require of
each other and to cooperate in good faith with each other in order to ensure the proper and adequate defense of any Third-Party
Claim.

 

    	 	19	 

     

    

 

(e) 
With respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4, the parties
agree to cooperate in such a manner as to preserve in full (to the extent possible) the confidentiality of all Confidential Information
and the attorney-client and work-product privileges. In connection therewith, each party agrees that: (i) it will use its best
efforts, in respect of any Third-Party Claim in which it has assumed or participated in the defense, to avoid production of Confidential
Information (consistent with applicable law and rules of procedure); and (ii) all communications between any party hereto and counsel
responsible for or participating in the defense of any Third-Party Claim shall, to the extent possible, be made so as to preserve
any applicable attorney-client or work-product privilege.

 

7.7 Payment
of Claims. A claim for indemnification may be asserted by written notice to the Party from whom indemnification is sought and
will be paid promptly after such notice, together with satisfactory proof of Adverse Consequences or other documents evidencing
the basis of the Adverse Consequences sought are received.

 

(a) 
No later than ten (10) Business Days after receipt by a Person entitled to indemnity under Section 7.2 or 7.3 or
2.4 (an “Indemnified Person”) of notice of the assertion of a Third-Party Claim against it, such Indemnified
Person shall give notice to the Person obligated to indemnify under such section (an “Indemnifying Person”)
of the assertion of such Third-Party Claim and a copy of any writing by which, such Third-Party assertion is made. The failure
to notify the Indemnifying Person will relieve the Indemnifying Person of any liability that it may have to any Indemnified Person
to the extent that the Indemnifying Person demonstrates that the defense of such Third-Party Claim is materially prejudiced by
the Indemnified Person’s failure to give such notice.

 

(b) 
If an Indemnified Person gives notice to the Indemnifying Person pursuant to Section 7.6(a) of the assertion of a Third-Party
Claim, the Indemnifying Person shall be entitled to participate in the defense of such Third-Party Claim and, to the extent that
it wishes (unless (i) the Indemnifying Person is also a Person against whom the Third-Party Claim is made and the Indemnified Person
determines in good faith that joint representation would be inappropriate or (ii) the Indemnifying Person fails to provide reasonable
assurance to the Indemnified Person of its financial capacity to defend such Third-Party Claim and provide indemnification with
respect to such Third-Party Claim), to assume the defense of such Third-Party Claim with counsel reasonably satisfactory to the
Indemnified Person (provided, such counsel has appropriate experience in the subject matter relating to the claim). After
notice from the Indemnifying Person to the Indemnified Person of its election to assume the defense of such Third-Party Claim,
the Indemnifying Person shall not, so long as it diligently conducts such defense, be liable to the Indemnified Person under this
Section 7.7(b) for any fees of other counsel or any other expenses with respect to the defense of such Third-Party Claim,
in each case subsequently incurred by the Indemnified Person in connection with the defense of such Third-Party Claim, other than
reasonable costs of investigation. If the Indemnifying Person assumes the defense of a Third-Party Claim, (i) such assumption will
conclusively establish for purposes of this Option that the claims made in that Third-Party Claim are within the scope of and subject
to indemnification, and (ii) no compromise or settlement of such Third-Party Claims may be effected by the Indemnifying Person
without the Indemnified Person’s Consent unless: (A) there is no finding or admission of any violation of Legal Requirement
or any violation of the rights of any Person; (B) the sole relief provided is monetary damages that are paid in full by the Indemnifying
Person; and (C) the Indemnified Person shall have no liability with respect to any compromise or settlement of such Third-Party
Claims effected without its Consent. If notice is given to an Indemnifying Person of the assertion of any Third-Party Claim and
the Indemnifying Person does not, within ten (10) days after the Indemnified Person’s notice is given, give notice to the
Indemnified Person of its election to assume the defense of such Third-Party Claim, the Indemnifying Person will be bound by any
determination made in such Third-Party Claim or any compromise or settlement effected by the Indemnified Person.

 

    	 	20	 

     

    

 

(c) 
Notwithstanding the foregoing, if an Indemnified Person determines in good faith that there is a reasonable probability that a
Third-Party Claim may adversely affect it or its Related Persons other than as a result of monetary damages for which it would
be entitled to indemnification under this Option, the Indemnified Person may, by notice to the Indemnifying Person, assume the
exclusive right to defend, compromise or settle such Third-Party Claim, but the Indemnifying Person will not be bound by any determination
of any Third-Party Claim so defended for the purposes of this Option or any compromise or settlement effected without its Consent
(which may not be unreasonably withheld).

 

(d) 
With respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4: (i) both the
Indemnified Person and the Indemnifying Person, as the case may be, shall keep the other Person fully informed of the status of
such Third-Party Claim and any related Proceedings at all stages thereof where such Person is not represented by its own counsel;
and (ii) the parties agree (each at its own expense) to render to each other such assistance as they may reasonably require of
each other and to cooperate in good faith with each other in order to ensure the proper and adequate defense of any Third-Party
Claim.

 

(e) 
With respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4, the parties
agree to cooperate in such a manner as to preserve in full (to the extent possible) the confidentiality of all Confidential Information
and the attorney-client and work-product privileges. In connection therewith, each party agrees that: (i) it will use its best
efforts, in respect of any Third-Party Claim in which it has assumed or participated in the defense, to avoid production of Confidential
Information (consistent with applicable law and rules of procedure); and (ii) all communications between any party hereto and counsel
responsible for or participating in the defense of any Third-Party Claim shall, to the extent possible, be made so as to preserve
any applicable attorney-client or work-product privilege.

 

7.8 Other
Remedies. The foregoing right of any setoff provisions, holdback provisions and indemnification provisions are in addition
to, and not in derogation of, any statutory, equitable, or common law remedy any Party may have in connection with this Option
and the Contemplated Transactions.

 

Section
8

MISCELLANEOUS

 

8.1 
Expenses. Each of Buyer and Seller will bear their own costs and expenses (including legal fees and expenses) incurred in
connection with this Option and the Contemplated Transaction, and Seller shall also bear the costs and expenses of the Companies
(including all of their legal fees and expenses) in connection with this Option and the Contemplated Transactions. Seller shall
also bear the costs and expenses incurred solely in connection with the transfer of the Assets to Buyer, if any. Seller shall be
responsible for all federal and state income or similar taxes imposed on Seller as a result of the Contemplated Transaction hereby.

 

8.2 
Notices. All notices, requests, demands, claims and other communications permitted or required to be given hereunder after
the Buyer has exercised this Option (the notice provisions regarding the exercise of the Option being controlled by the Lease Agreement)
must be in writing and will be deemed duly given and received (i) if personally delivered, when so delivered, (ii) if
mailed, three (3) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid
and addressed to the intended recipient as set forth below, (iii) if sent by electronic facsimile, once transmitted to the
fax number specified below and the appropriate telephonic confirmation is received, provided that a copy of such notice, request,
demand, claim or other communication is promptly thereafter sent in accordance with the provisions of clause (ii) or (v) hereof,
(iv) if sent by Email, on the date sent if sent during normal business hours of the recipient, and on the next Business Day if
sent after normal business hours of the recipient, or (v) if sent through an overnight delivery service in circumstances to
which such service guarantees next day delivery, the Business Day following being so sent:

 

    	 	21	 

     

    

 

(a) 
       To Buyer:

 

Meridian Innovations, LLC

One Glenlake Parkway, NE

Suite 900

Atlanta, Georgia 30328

Attn: Jeffrey Cosman

Email: jsc@jscosinc.com

Phone: (724) 799-4305

 

with a copy (which will
not constitute valid delivery to Buyer) to:

 

Richard J. Dreger, Attorney
at Law, P.C.

11660 Alpharetta Highway

Building 700, Suite 730

Roswell, Georgia 30076

Attn: Richard J. Dreger,
Esq.

Email: Rick@rdregerlaw.com

Phone: (678) 566-6901

 

(b) 
       To Parent:

  

Meridian Waste Solutions, Inc.

One Glenlake Parkway, NE

Suite 900

Atlanta, Georgia 30328

Attn: Jeffrey Cosman

Email: jsc@jscosinc.com

Phone: (724) 799-4305

 

with a copy (which will
not constitute valid delivery to Parent) to:

 

Richard J. Dreger, Attorney
at Law, P.C.

11660 Alpharetta Highway

Building 700, Suite 730

Roswell, Georgia 30076

Attn: Richard J. Dreger,
Esq.

Email: Rick@rdregerlaw.com

Phone: (678) 566-6901

  

    	 	22	 

     

    

 

(c) 
       
To Seller:

 

American Science and Technology Corporation

1367 W. Chicago Avenue

Chicago, Illinois 60642

Attention: Dr. Ali Manesh, President

Email: am@amsnt.com

Phone: _________________________

 

and

 

Ali Manesh

1367 West Chicago Ave.

Chicago IL 60642

Attention: ______________________

Email: am@amsnt.com

Phone: 312-898-3333

 

with a copy (which will not
constitute valid delivery to Seller) to:

 

_______________________________

_______________________________

_______________________________

 

Attention: ______________________

Email: _________________________

Phone: _________________________

 

Either Party may give any notice,
request, demand, claim or other communication hereunder using any other means (including, without limitation, electronic mail),
but no such notice, request, demand, claim or other communication will be deemed to have been duly given or received unless and
until it actually is received by the Party for which it is intended and the notifying Party can provide evidence of such actual
receipt. Either Party may change its address for the receipt of notices, requests, demands, claims and other communications hereunder
by giving the other Party notice of such change in the manner herein set forth.

 

8.3 
Waiver. Neither any failure nor any delay by any Party in exercising any right, power or privilege under this Option or
any of the documents referred to in this Option will operate as a waiver of such right, power or privilege, and no single or partial
exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege or
the exercise of any other right, power or privilege. To the maximum extent permitted by Legal Requirement: (a) no claim or right
arising out of this Option or any of the documents referred to in this Option can be discharged by one Party, in whole or in part,
by a waiver or renunciation of the claim or right unless in writing signed by another Party; (b) no waiver that may be given by
a Party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one Party will
be deemed to be a waiver of any obligation of that Party or of the right of the Party giving such notice or demand to take further
action without notice or demand as provided in this Option or the documents referred to in this Option.

 

    	 	23	 

     

    

 

8.4 
Entire Agreement and Modification. This Option (including the Schedules and Exhibits hereto and the other agreements and
instruments to be executed and delivered by the Parties pursuant to Section 6 hereto) constitutes the entire and final agreement
among the Parties with respect to the subject matter hereof, and supersedes and replaces all prior agreements, understandings,
commitments, communications and representations made among the Parties, whether written or oral, with respect to the subject matter
hereof. This Option may not be amended, supplemented, or otherwise modified except by a written agreement executed by the Parties.

 

8.5 
Assignments; Successors; No Third-Party Rights. No Party may assign any of its rights or delegate or cause to be assumed
any of its obligations under this Option without the prior written Consent of each other Party, except that Buyer may assign any
of its rights hereunder to, and cause all of its obligations hereunder to be assumed by, any Related Person without the Consent
of Seller; provided, however, that in the event of such an assignment by Buyer, Buyer shall remain responsible for
all of its obligations hereunder. Subject to the preceding sentence, this Option will apply to, be binding in all respects upon
and inure to the benefit of the successors and permitted assigns of the Parties, including Ali Manesh. Nothing expressed or referred
to in this Option will be construed to give any Person other than the Parties any legal or equitable right, remedy or claim under
or with respect to this Option or any provision of this Option, except such rights as will inure to a successor or permitted assignee
pursuant to this Section 8.5.

 

8.6 
Severability. If any provision of this Option, or the application of any such provision to any Person or circumstance, is
held to be unenforceable or invalid by any Governmental Body or arbitrator or under any Legal Requirement, the Parties will negotiate
an equitable adjustment to the provisions of this Option with the view to effecting, to the greatest extent possible, the original
purpose, intent and commercial effect of such provision and of this Option. In any event, the invalidity of any provision of this
Option or portion of a provision will not affect the validity of any other provision of this Option or the remaining portion of
the applicable provision.

 

8.7 
Dates and Times. Dates and times set forth in this Option for the performance of the Parties’ respective obligations
hereunder or for the exercise of their rights hereunder will be strictly construed, time being of the essence of this Option. All
provisions in this Option which specify or provide a method to compute a number of days for the performance, delivery, completion
or observance by any Party of any action, covenant, agreement, obligation or notice hereunder will mean and refer to calendar days,
unless otherwise expressly provided. Except as expressly provided herein, the time for performance of any obligation or taking
any action under this Option will be deemed to expire at 5:00 p.m. (eastern time) on the last day of the applicable time period
provided for herein. If the date specified or computed under this Option for the performance, delivery, completion or observance
of a covenant, agreement, obligation or notice by any Party, or for the occurrence of any event provided for herein, is a day other
than a Business Day, then the date for such performance, delivery, completion, observance or occurrence will automatically be extended
to the next Business Day following such date.

 

8.8 
Governing Law. This Option will be governed by and construed in accordance with the internal laws of the State of Wisconsin
without giving effect to any choice or conflict of law provision or rule (whether of the State of Wisconsin or any other jurisdiction).

 

    	 	24	 

     

    

 

8.9 
Dispute Resolution; Submission to Jurisdiction; Waiver of Jury Trial.

 

Any dispute
or difference between or among any of the Parties arising out of or in connection with this Option or the Contemplated Transactions,
including without limitation any dispute for indemnification under Section 7, which such Parties are unable to resolve themselves
shall be submitted to and resolved by arbitration before a single arbitrator, for amounts in dispute under Two Hundred Thousand
and 00/100 Dollars ($200,000.00) and otherwise before a panel of three (3) arbitrators, which arbitration shall be governed by
and enforceable under the Federal Arbitration Act, as supplemented or modified by the provisions of this Section 8.9. The
arbitrator(s) will consider the dispute at issue in Wausau, Wisconsin within one hundred twenty (120) days (or such other period
as may be acceptable to the Parties to the dispute) of the designation of the arbitrator. The arbitrator(s) will deliver a written
award, including written findings of fact and conclusions of law, with respect to the dispute to each of the arbitrating Parties,
who will promptly act in accordance therewith. In no event will the arbitrator(s) have the power to award damages in connection
with any dispute in excess of actual compensatory damages. In particular, the arbitrator(s) may not multiply actual damages or
award consequential, indirect, special or punitive damages, including, without limitation, damages for lost profits or loss of
business opportunity. Any award of the arbitrator(s) will be final, conclusive and binding on the arbitrating Parties; provided,
however, that any such Party may seek the vacating, modification or correction of the arbitrator(s)’ decision or award as
provided under Section 10 and Section 11 of the Federal Arbitration Act 9 U.S.C. §1-14. Any Party to an arbitration
proceeding may enforce any award rendered pursuant to the arbitration provisions of this Section 8.9 by bringing suit in
any court of competent jurisdiction located in the City of Atlanta, Georgia. All costs and expenses attributable to the arbitrator(s)
will be allocated between the Parties to the arbitration in such manner as the arbitrator(s) determine to be appropriate under
the circumstances. Any Party may file a copy of this Section 8.9 with any arbitrator or court as written evidence of the
knowing, voluntary and bargained agreement among the Parties with respect to the subject matter of this Section 8.9.

 

EACH PARTY HERETO HEREBY WAIVES
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED
WITH THIS OPTION, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH, OR THE ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREIN OR THEREIN. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BUYER TO ENTER INTO THIS OPTION.

  

8.10 
Execution of Agreement. This Option may be executed in one or more counterparts, each of which will be deemed to be an original
copy and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies of
this Option and of signature pages by facsimile transmission or electronic mail in PDF format will constitute effective execution
and delivery of this Option as to the Parties and may be used in lieu of the original Agreement for all purposes. Signatures of
the Parties transmitted by facsimile or by electronic mail in PDF format will be deemed to be their original signatures for all
purposes.

 

8.11 
Specific Performance. Each Party acknowledges and agrees that each Party would be damaged irreparably in the event any provision
of this Option is not performed in accordance with its specific terms or otherwise is breached, so that each Party shall be entitled
to injunctive relief to prevent breaches of this Option and to enforce specifically this Option and the terms and provisions hereof
in addition to any other remedy to which a Party may be entitled, at law or in equity. In particular, Seller acknowledge that the
Businesses of the Companies are unique and recognize and affirm that in the event Seller Breaches this Option, money damages would
be inadequate and Buyer would have no adequate remedy at law, so that Buyer shall have the right, in addition to any other rights
and remedies existing in its favor, to enforce its rights and obligations hereunder not only by action for damages but also by
action for specific performance, injunctive, and/or other equitable relief.

 

(See following page for execution
signatures)

 

    	 	25	 

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed
this Option as of the Effective Date, intending to be legally bound.

  

	 	AS TO “BUYER”:
	 	 	 
	 	MERIDIAN INNOVATIONS, LLC, a Georgia
	 	Limited Liability Company
	 	 	 
	 	By:	                       
	 	Name:	 
	 	Title:	 
	 	 	 
	 	AS TO “SELLER”:
	 	 	 
	 	AMERICAN SCIENCE AND TECHNOLOGY
	 	CORPORATION, an Illinois Corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	AS TO 3, 6.1(d), 7 and 8.5 ONLY
	 	 	 
	 	 
	 	Ali Manesh

 

 

(SIGNATURE PAGE TO TERMS
and CONDITiONS OF OPTION)

 

    	 	26	 

     

    

 

SCHEDULE 1.1

DEFINED TERMS

  

“Accounts
Receivable” means (i) all trade and other accounts receivable and other rights to payment from past or present customers
of the Seller, and the full benefit of all security for such accounts or rights to payment, including all trade and other accounts
receivable representing amounts receivable in respect of services rendered to customers of the Business, and (ii) any claim, remedy
or other right related to any of the foregoing.

 

“Adverse
Consequences” means all actions, suits, Proceedings, hearings, investigations, charges, complaints, claims, demands,
diminutions in value, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in
settlement or claims, obligations, Taxes, Liens, losses, interest, expenses (including costs of investigation and defense), any
other Liability and fees, including court costs and reasonable attorneys’ fees and expenses, whether or not involving a Third-Party
Claim.

 

“Affiliated
Group” means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar
provision of state, local or foreign law.

 

“Agreement”
has the meaning set forth in the preface.

 

“Approvals”
has the meaning set forth in Section 6.1(b).

 

“Assets”
has the meaning set forth in Section 2.1.

 

“Basis”
means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident,
action, failure to act, or transaction that forms or could form the basis for any specified consequence.

 

“Biomass
Feedstock Costs” means the acquisition cost of any cellulosic, or plant based material, free of debris

 

“Biorefinary
Patents” means the following United States Patents: Patent Numbers 9,365,525 and 9,382,283.

 

“Breach”
means any breach of, or any inaccuracy in, any representation or warranty or any breach of, or failure to perform or comply with,
any covenant, obligation or agreement, in or of this Option or any other Contract, agreement or instrument (whether or not related
to this Option), or in or of any corporate, Seller or partnership organizational document or agreement, any Governmental Authorization,
Order or Legal Requirement, or any other breach of any written instrument, or any event which with the passing of time or the giving
of notice, or both, would constitute such a breach, inaccuracy or failure.

 

“Business”
has the meaning set forth in the Background Facts.

 

“Business
Day” means any day other than a Saturday or Sunday or any Legal Holiday or other day on which banks in Wisconsin are
permitted or required by Legal Requirement to be closed.

 

“Buyer”
has the meaning set forth in the preface.

 

“Buyer
Claims Period” has the meaning set forth in Section 7.4(a).

 

     

     

    

 

“Buyer
Indemnified Persons” has the meaning set forth in Section 7.3.

  

“Closing”
and “Closing Date” has the meaning set forth in Section 2.5.

 

“COBRA”
means the requirements of Part 6 of Subtitle B of Title I of ERISA and Code Section 4980B and of any similar state law.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Confidential
Information” has the meaning set forth in Section 5.3.

 

“Consent”
means any approval, consent, ratification, waiver or other authorization.

 

“Contemplated
Transactions” means all of the transactions contemplated by this Option.

 

“Contract”
means any agreement, contract, license, lease, consensual obligation, promise or undertaking (whether written or oral and whether
express or implied), whether or not legally binding.

 

“Current
Litigation Matters” has the meaning set forth in Section 3.16.

 

“Disclosure
Schedule” has the meaning set forth in the introductory paragraph to Section 3.

 

“Effective
Date” has the meaning set forth in the preface.

 

“Employee
Benefit Plan” means all “employee benefit plans” as defined by Section 3(3) of the Employee Retirement Income
Security Act of 1974 (“ERISA”), all specified fringe benefit plans as defined in Section 6039D of the Code,
and all other bonus, incentive-compensation, deferred-compensation, profit-sharing, stock-option, stock-appreciation-right, stock-bonus,
stock-purchase, employee-stock-ownership, savings, severance, change-in-control, supplemental-unemployment, layoff, salary-continuation,
retirement, pension, health, life-insurance, disability, accident, group-insurance, vacation, holiday, sick-leave, fringe-benefit
or welfare plan, and any other employee compensation or benefit plan, agreement, policy, practice, commitment, contract or understanding
(whether qualified or nonqualified, currently effective or terminated, written or unwritten) and any trust, escrow or other agreement
related thereto that (i) is maintained or contributed to by the Seller or any other corporation or trade or business controlled
by, controlling or under common control with Sellers (within the meaning of Section 414 of the Code or Section 4001(a)(14) or 4001(b)
of ERISA) (“ERISA Affiliate”) or has been maintained or contributed to in the last six (6) years by the Seller
or any ERISA Affiliate, or with respect to which the Seller or any ERISA Affiliate has or may have any liability, and (ii) provides
benefits, or describes policies or procedures applicable to any current or former director, officer, employee or service provider
of the Seller or any ERISA Affiliate, or the dependents of any thereof, regardless of how (or whether) liabilities for the provision
of benefits are accrued or assets are acquired or dedicated with respect to the funding thereof.

 

“Employee
Welfare Benefit Plan” has the meaning set forth in ERISA Section 3(1).

 

“Environment”
means soil, land surface or subsurface strata, surface waters, groundwaters, drinking water supply, stream sediments, ambient air
(including indoor air), plant and animal life and any other environmental medium or natural resource.

 

     

     

    

 

“Environmental,
Health and Safety Liabilities” means any and all costs, damages, Adverse Consequences, expenses, Liabilities and/or other
responsibility arising from or under any Environmental Law or Occupational Safety and Health Law, including those consisting of
or relating to (i) any environmental, health or safety matter or condition (including on-site or off-site contamination, and/or
occupational safety and health regulation of any chemical substance or product), (ii) any fine, penalty, judgment, award, settlement,
Proceeding, damages, Adverse Consequence, loss, claim, demand or response, remedial or inspection cost or expense arising under
any Environmental Law or Occupational Safety and Health Law, (iii) financial responsibility under any Environmental Law or Occupational
Safety and Health Law for cleanup costs or corrective action, including any cleanup, removal, containment or other remediation
or response actions (“Cleanup”) required by any Environmental Law or Occupational Safety and Health Law (whether
or not such Cleanup has been required or requested by any Governmental Body or any other Person) and for any natural resource damages,
and/or (iv) any other compliance, corrective or remedial measure required under any Environmental Law or Occupational Safety and
Health Law. For purposes of this definition, the terms “removal,” “remedial” and “response action”
include the types of activities covered by the United States Comprehensive Environmental Response, Compensation and Liability Act
of 1980 (CERCLA).

 

“Environmental
Law” means any Legal Requirement that requires or relates to (i) advising appropriate Governmental Bodies, employees
or the public of any intended Release, actual Release or Threat of Release of pollutants or Hazardous Materials, violations of
discharge limits or other prohibitions and the commencement of activities, such as resource extraction or construction, that could
have significant impact on the Environment, (ii) preventing or reducing to acceptable levels the Release of pollutants or Hazardous
Materials into the Environment, (iii) reducing the quantities, preventing the Release or minimizing the hazardous characteristics
of wastes that are generated, (iv) assuring that products are designed, formulated, packaged and used so that they do not present
unreasonable risks to human health or the Environment when used or disposed of, (v) protecting resources, species or ecological
amenities, (vi) reducing to acceptable levels the risks inherent in the transportation of pollutants, Hazardous Materials or other
potentially harmful substances, (vii) cleaning up pollutants that have been Released, preventing the Threat of Release or paying
the costs of such clean up or prevention, (viii) making responsible Persons pay private parties, or groups of them, for damages
done to their health or the Environment or permitting self-appointed representatives of the public interest to recover for injuries
done to public assets; or (ix) governing or regulating any Hazardous Activities.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“ERISA
Affiliate” means each entity that is treated as a single employer with Seller for purposes of Code Section 414.

 

“Excluded
Assets” has the meaning set forth in Section 2.2.

 

“GAAP”
means generally accepted accounting principles as in effect in the United States of America, as determined by the Financial Accounting
Standards Board from time to time, applied on a consistent basis as of the date of any application thereof.

 

“Governmental
Authorization” means any zoning approvals, permits (including the Permits), franchise rights, rights-of-way, Consent,
license, permission, registration, permit or other right or approval issued, granted, given or otherwise made available by or under
the authority of any Governmental Body or pursuant to any Legal Requirement and all pending applications therefor or renewals thereof.

 

“Governmental
Body” means any (i) nation, state, county, city, town, borough, village, district or other jurisdiction, (ii) federal,
state, county, local, municipal, foreign or other government, (iii) governmental or quasi-governmental authority of any nature
(including any agency, branch, department, board, commission, court, tribunal or other entity exercising governmental or quasi-governmental
powers), (iv) body exercising, or entitled or purporting to exercise, any administrative, executive, judicial, legislative, police,
regulatory or taxing authority or power, (v) Indian tribal authority, (vi) multinational organization or body, or (vii) official
of any of the foregoing.

 

     

     

    

 

“Hazardous
Activity” means, with respect to any Person (including any Party or the Seller or their Related Persons), the distribution,
generation, handling, importing, management, manufacturing, processing, production, refinement, Release, storage, transfer, transportation,
treatment or use (including any withdrawal or other use of groundwater) of Hazardous Material in, on, under, about or from any
Property or other facility or real property owned, leased, operated or otherwise used by such Person or any of its contractors
in connection with the conduct of the business of such Person, or from any other asset of such Person, into the Environment and
any other act, business, operation or thing that increases the danger, or risk of danger, or poses an unreasonable risk of harm,
to persons or property, whether on or off the aforementioned Property, facilities or other real property, beyond what is authorized
by any Environmental Law relating to the business of such Person.

 

“Hazardous
Material” means any substance, material or waste which is or will foreseeably be regulated by any Governmental Body,
including any material, substance or waste which is defined as a “hazardous waste,” “hazardous material,”
“hazardous substance,” “extremely hazardous waste,” “restricted hazardous waste,” “contaminant,”
“pollutant,” “toxic waste” or “toxic substance” under any provision of Environmental Law, and
including petroleum, petroleum products, asbestos, presumed asbestos-containing material or asbestos-containing material, urea
formaldehyde and polychlorinated biphenyls.

 

“Improvements”
means all buildings, structures, fixtures, building systems and equipment, and all components thereof, including the roof, foundation,
load-bearing walls, and other structural elements thereof, heating, ventilation, air conditioning, mechanical, electrical, plumbing
and other building systems, environmental control, remediation and abatement systems, sewer, storm, and waste water systems, irrigation
and other water distribution systems, parking facilities, fire protection, security and surveillance systems, and telecommunications,
computer, wiring, and cable installations, all of which are included in the Property.

 

“Indebtedness”
means (a) any indebtedness (including all accrued interest) for borrowed money or issued in substitution for or exchange of indebtedness
for borrowed money, (b) any indebtedness evidenced by any note, bond, debenture or other debt security, (c) any indebtedness for
the deferred purchase price of property or services with respect to the Seller is liable, contingently or otherwise, as obligor
or otherwise, (d) any commitment by which the Seller assures a creditor against loss (including, without limitation, contingent
reimbursement obligations with respect to letters of credit), (e) any indebtedness guaranteed in any manner by the Seller (including,
without limitation, guarantees in the form of an agreement to repurchase or reimburse), (f) any obligations under capitalized leases
with respect to which the Seller is liable, contingently or otherwise, as obligor, guarantor or otherwise, or with respect to which
obligations the Seller assures a creditor against loss, (g) any TRAC or synthetic leases; (h) any indebtedness secured by a Lien
on the Assets of the Seller, (i) any unsatisfied obligation for “withdrawal liability” to a “Multiemployer Plan”
as such terms are defined under ERISA, (j) the deficit or negative balance, if any, in the Seller’s checking account and
(k) any credit card debt.

 

“Indemnified
Person” has the meaning set forth in Section 7.6(a) and 7.7(a).

 

“Indemnifying
Person” has the meaning set forth in Section 7.6(a) and 7.7(a).

 

“Insolvent”
means being unable to pay debts as they mature, or as obligations become due and payable.

 

     

     

    

 

“Insolvency
Laws” means any bankruptcy, insolvency, reorganization, moratorium or other similar Legal Requirement affecting the enforcement
of creditors rights generally, and general principles of equity (regardless of whether enforcement is considered in a proceeding
in law or equity).

 

“IRS”
means the United States Internal Revenue Services and, to the extent relevant, the United States Department of the Treasury.

 

“Intangible
Personal Property” means all intangible property used or held for use by the Seller, of whatever type or description,
including (a) the business as a going concern (b) goodwill of the Seller (c) all files, records and correspondence (d) telephone
numbers, telecopy numbers (e) all rights in Internet web sites and Internet domain names presently used by Seller or the Seller,
and links; (f) all registered and unregistered copyrights in both published works and unpublished works, (g) the “American
Science and Technology”, “American Science” and “American Technology” names, [OTHER SPECIFIC TRADE
NAMES?] all assumed fictional business names, trade names, registered and unregistered trademarks, service marks and applications,
and (h) all know-how, trade secrets, confidential or proprietary information, customer lists, software, technical information,
data, process technology, plans, drawings and blue prints; and (i) all right, title and interest in and to all Seller Documents,
Company Contracts, and all Permits, Governmental Authorizations, Approvals, Consents, licenses and other permits
and approvals of the Seller.

 

“Intellectual
Property Assets” has the meaning set forth in Section 3.19.

 

“Knowledge”
means when used to qualify a representation, warranty or other statement of a Party to this Option, the knowledge that management
of the Party actually has with respect to the particular fact or matter that is the subject of such representation, warranty or
other statement.

 

A Person (other
than an individual) will be deemed to have Knowledge of a particular fact or other matter if any individual who is serving, or
who has at any time served, as an officer, partner, or manager of that Person (or in any similar capacity) has, or at any time
had, Knowledge of that fact or other matter.

 

“Land”
that certain real property as described in Exhibit A of the Lease Agreement and having a street address of 6445 Packer Drive, Wausau,
Wisconsin 54401.

 

“Legal
Requirement” means any federal, state, local, municipal, foreign, international, and multinational or other constitution,
law, ordinance, principle of common law, code, regulation, statute or treaty.

 

“Liability”
means with respect to any Person (including any Party), any Indebtedness, liability, penalty, damage, loss, cost or expense, obligation,
claim, deficiency, or guaranty of such Person of any kind, character or description, whether known or unknown, absolute or contingent,
accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become
due, vested or unvested, executory, determined, determinable or otherwise, and whether or not the same is required to be accrued
on the financial statements of such Person, including any liability for Taxes. More than one Liability shall be referred to as
“Liabilities”.

 

“Lien”
means with respect to any Person, any mortgage, right of way, easement, encroachment, any restriction on use, servitude, pledge,
lien, charge, hypothecation, security interest, encumbrance, adverse right, interest or claim, community or other marital property
interest, condition, equitable interest, encumbrance, license, covenant, title defect, option, or right of first refusal or offer
or similar restriction, voting right, transfer, receipt of income or exercise of any other attribute of ownership, except for any
liens for taxes not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves
have been established and accrued on the financial statements of such Person in accordance with GAAP.

 

     

     

    

 

“Material
Adverse Effect” or “Material Adverse Change” means any effect or change that would be materially adverse
to the Business, Assets, condition (financial or otherwise), operating results, operations, or business prospects of the Seller,
taken as a whole, including the ability for the Seller to own, construct, operate and develop the Assets and the Business in Buyer’s
sole discretion, the transfer or issuance to the Seller, if applicable, of any Permit, Consent, Governmental Authorization, license
or other permit or approval contemplated by this Option, or on the ability of Seller consummate timely the Contemplated Transactions
except for any adverse change or event arising from or relating to (a) general economic conditions or conditions which generally
affect the Business of the Seller and the industry in which the Seller competes and (b) public or industry knowledge of the Contemplated
Transactions.

 

“Operating
Costs” or “Operating Expenses” means all costs and expenses incurred for the maintenance, repair and
operation of a Property, which costs and expenses shall include: (i) all costs of labor, materials, supplies, equipment and services
for the operation and repair of the Property and any biorefinery business operated thereon; (ii) all utilities; (iii) the cost
of all maintenance and service agreements and the equipment provided thereunder; (iv) costs of all repairs to any improvements
thereon or equipment located therein, including such repairs required by any law or any governmental regulation that are not required
as of the date hereof by such law or regulation as presently interpreted and enforced; and (v) all such other operating expenses
attributable to the Property and any biorefinery business operated thereon.

  

“Order”
means any order, injunction, judgment, decree, ruling, and assessment or arbitration award of any Governmental Body or arbitrator.

 

“Ordinary
Course of Business” means an action taken by a Person will be deemed to have been taken in the ordinary course of business
only if that action (i) is consistent in nature, scope and magnitude with the past practices of such Person and is taken in the
ordinary course of the normal, day-to-day operations of such Person, (ii) does not require authorization by the board of directors,
owners, shareholders, interest holders, members or managers of such Person (or by any Person or group of Persons exercising similar
authority) and does not require any other separate or special authorization of any nature, and (iii) is similar in nature, scope
and magnitude to actions customarily taken, without any separate or special authorization, in the ordinary course of the normal,
day-to-day operations of other Persons that are in the same line of business as such Person).

 

“Organizational
Documents” means: (i) with respect to a corporation, the certificate or articles of incorporation and bylaws; (ii) with
respect to any other Person any charter or similar document adopted or filed in connection with the creation, formation or organization
of a Person; (iii) any operating agreement, partnership agreement, shareholder agreement or similar agreement and (iv) any amendment
to any of the foregoing.

 

“Party”
or “Parties” has the meaning set forth in the preface.

 

“Permits”
has the meaning set forth in Section 2.1(ii).

 

“Person”
means an individual, a partnership, a corporation, a limited liability Seller, an association, a joint stock holding Seller, a
trust, a joint venture, an unincorporated organization, any other business entity, joint venture or other entity Governmental Body
(or any department, agency, or political subdivision thereof).

 

     

     

    

 

“Proceeding”
means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, judicial
or investigative, whether formal or informal, whether public or private) commenced, brought, conducted or heard by or before, or
otherwise involving, any Governmental Body, court, or arbitrator.

 

“Property”
means the Land, together with all buildings, structures, Improvements, and fixtures located thereon, including all electrical,
mechanical, plumbing and other building systems, fire protection, security and surveillance systems, telecommunications, computer,
wiring, and cable installations, utility installations, water distribution systems, and landscaping, together any after-acquired
title of reversion, in and to the beds of the ways, roads, streets, avenues and alleys adjoining the Land; all tenements, hereditaments,
easements, appurtenances, passages, waters, water rights, water courses, riparian rights, other rights, liberties and privileges
thereof or in any way now or hereafter appertaining to Land, including homestead or any other claim at law or in equity as well
as any after-acquired title, franchise or license and the reversion and reversions, remainder and remainders thereof; all alley
rights, drainage rights and all other rights appertaining to the use or enjoyment of the Land or the Improvements (including air,
oil, gas, mineral, and water rights together with all Permits).

 

“Purchase
Price” has the meaning set forth in Section 2.3.

 

“Real
Property Lease” means (i) any long-term lease of land in which most of the rights and benefits comprising ownership of
the land and the Improvements thereon or to be constructed thereon, if any, are transferred to the tenant for the term thereof
or (ii) any lease or rental agreement pertaining to the occupancy of any improved space on any real property.

 

“Related
Person” means:

 

(i) 
with respect to a particular individual: (A) each other member of such individual’s Family; (B) any Person that is directly
or indirectly controlled by any one or more members of such individual’s Family; (C) any Person in which members of such
individual’s Family hold (individually or in the aggregate) a Material Interest; and (D) any Person with respect to which
one or more members of such individual’s Family serves as a director, officer, partner, executor or trustee (or in a similar
capacity); and

 

(ii) 
with respect to a specified Person other than an individual: (A) any Person that directly or indirectly controls, is directly or
indirectly controlled by or is directly or indirectly under common control with such specified Person; (B) any Person that holds
a Material Interest in such specified Person; (C) each Person that serves as a director, officer, partner, executor or trustee
of such specified Person (or in a similar capacity); (D) any Person in which such specified Person holds a Material Interest; and
(E) any Person with respect to which such specified Person serves as a general partner or a trustee (or in a similar capacity).

 

(iii) 
For purposes of this definition, (a) “control” (including “controlling,” “controlled by,” and
“under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and shall
be construed as such term is used in the rules promulgated under the Securities Act; (b) the “Family” of an individual
includes (i) the individual, (ii) the individual’s spouse, (iii) any other natural person who is related to the individual
or the individual’s spouse within the second degree and (iv) any other natural person who resides with such individual; and
(c) “Material Interest” means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange
Act of 1934) of voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting power
of a Person or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity securities
or equity interests in a Person.

 

     

     

    

 

“Release”
means any release, spill, emission, leaking, pumping, pouring, dumping, emptying, injection, deposit, disposal, discharge, dispersal,
leaching or migration on or into the Environment or into or out of any property.

  

“Remedial
Action” means all actions, including any capital expenditures, required or voluntarily undertaken (i) to clean up, remove,
treat or in any other way address any Hazardous Material or other substance, (ii) to prevent the Release or Threat of Release or
to minimize the further Release of any Hazardous Material or other substance so it does not migrate or endanger or threaten to
endanger public health or welfare or the Environment, (iii) to perform pre-remedial studies and investigations or post-remedial
monitoring and care, or (iv) to bring the Property and the operations conducted (or to be conducted) thereon into compliance with
Environmental Laws and environmental Governmental Authorizations.

 

“Representative”
means with respect to a particular Person, any director, officer, manager, employee, agent, consultant, advisor, accountant, financial
advisor, legal counsel or other representative of that Person.

 

“Restrictive
Covenants Agreement” has the meaning set forth in Section 6.1(d).

 

“Retained
Liabilities” has the meaning set forth in Section 2.4(a).

 

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

 

“Seller”
has the meanings set forth in the preface.

 

“Seller
Claims Period” has the meanings set forth in Section 7.4(b).

 

“Seller
Indemnified Persons” has the meaning set forth in Section 7.2.

 

“Tangible
Personal Property” means all tangible personal property used or useful in the Business, including all machinery, equipment,
scales, compactors, containers, bailers, tools, spare parts, furniture, office equipment, computer hardware, supplies, materials,
vehicles, trade fixtures and other items of tangible personal property of every kind owned or leased by the Seller (wherever located
and whether or not carried on the books of the Seller or Seller), together with any express or implied warranty by the manufacturers
or lessors of any item or component part thereof and all maintenance records and other documents relating thereto.

 

“Tax”
means any income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, property, environmental,
windfall profit, customs, vehicle, airplane, boat, vessel or other title or registration, capital stock, franchise, employees’
income withholding, foreign or domestic withholding, social security, unemployment, disability, real property, personal property,
sales, use, transfer, value added, alternative, add-on minimum and other tax, fee, assessment, levy, tariff, charge or duty of
any kind whatsoever and any interest, penalty, addition or additional amount thereon imposed, assessed or collected by or under
the authority of any Governmental Body or payable under any tax-sharing agreement or any other Contract, whether disputed or not
and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any other Person.

 

“Tax
Return” means any return (including any information return), report, statement, schedule, notice, form, declaration,
claim for refund or other document or information filed with or submitted to, or required to be filed with or submitted to, any
Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the
administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.

 

“Third
Party Claim” means any claim, issuance of any Order or the commencement of any Proceeding by any Person who is not a
Party to this Option, including a Related Person of a Party, any domestic or foreign court, or Governmental Body.

 

“Threat
of Release” means a reasonable likelihood of a Release that may require action in order to prevent or mitigate damage
to the Environment that may result from such Release.Exhibit
10.1 

 

COMMON
STOCK PURCHASE AGREEMENT

 

This
COMMON STOCK PURCHASE AGREEMENT (the “Agreement”), made this 28th day of September, 2017, by and among
Andy Z. Fan (the “Seller”) and Yap Nee Seng (the “Purchaser”).  The Seller and the Purchaser
may be referred to herein singularly as a “Party” and collectively, as the “Parties”.

 

RECITALS

 

WHEREAS.
the Parties wish to enter into this Agreement to set forth the terms and conditions upon which the Seller will sell Forty Million
Twenty (40,000,020), shares representing 92.1% of the total outstanding common stock (the “Shares”), of Sichuan
Leaders Petrochemical Company., a Florida corporation (the “Company”), owned of record and beneficially by
the Seller to the Purchaser and the Purchaser will purchase the Shares from the Seller;

 

WHEREAS,
the Purchasers have appointed Law Office of Yue & Associates, P.C., to act as their attorney and to represent them in the
negotiation with respect of the purchase of the Shares; and

 

WHEREAS,
the Parties have appointed J. M. Walker & Associates, Attorneys At Law, to act as the Escrow Agent (the “Escrow Agent”)
for this transaction and to receive and hold all consideration received from the Purchaser for the sale of the Shares hereunder
and all documents, stock certificates and corporate records of the Company to be delivered by the Seller and the Company to the
Purchaser hereunder (collectively, “Documents”), in the Jody M. Walker COLTAF Trust Account, (the “Escrow
Account”) unless other arrangements are agreed to by the Parties; and

 

WHEREAS,
the Parties have entered into an escrow agreement of even date herewith (the “Escrow Agreement”) to effect
the foregoing.

 

AGREEMENT

 

NOW
THEREFORE, in consideration of the mutual promises, covenants and representations contained herein, the parties herewith agree
as follows:

 

ARTICLE
I

SALE
AND PURCHASE OF THE SHARES

 

1.01
Sale. Subject to the terms and conditions of this Agreement, the Seller agree to sell the Shares, and the Purchaser shall
purchase the Shares, for a total of Three Hundred Seventy-Five Thousand Dollars USD ($375,000.00) (the “Purchase Price”).
 This is a private transaction between
the Seller and Purchaser.

 

    	 	1	 

     

    

 

1.02
Escrow Agent. Pursuant to the Escrow Agreement the Parties have appointed the Escrow Agent as to the distribution of the
Purchase Price received for the sale of the Shares and distribution of the Documents to be held in the Escrow Account.

 

1.03
Deposit; Due Diligence.

 

(a)
Upon execution of this Agreement, the Purchaser shall make, by wire transfer, a refundable deposit (the “Deposit”)
in the amount of Thirty Thousand Dollars USD ($30,000.00), to the Escrow Account on or before September 28, 2017, for the Shares
being sold by the Seller. The Deposit shall become non-refundable after ten business (10) days from the signing of this Agreement.
 The amount deposited will be held in the Escrow Account until Closing (as hereinafter defined) of this Agreement) or until
otherwise released as provided in this Agreement.

 

(b)
The Deposit shall be fully refundable for a period of ten business (10) days from the signing of this Agreement for any reason
or no reason (the “Due Diligence Period”).   Unless an extension of time is agreed to in writing by both
parties, the Purchaser has until close of business (5:00 PM Pacific Standard Time) October 13, 2017 to complete due diligence
(SUBJECT ALWAYS TO the Seller making available on a timely basis to the Purchaser and/or his attorney all required documents and/or
information which the Purchaser’s attorney has requested or documents and/or information which the Seller is obliged to
provide and deliver to enable the Purchaser’s attorney to carry out and complete a due diligence on the Company) and to
notify the Escrow Agent in the event the Purchaser wants to cancel the transaction for a full refund of the Deposit. In the event
the Escrow Agent fails to receive written notification by the aforementioned time and after the Due Diligence Period, the Deposit
will be non-refundable unless the Seller fails to fulfill any of their obligations under this Agreement. In addition, if after
signing this Agreement and prior to the Closing, in performing due-diligence, the Purchaser discovers something of significance
with respect to the Seller or the Company that is not previously disclosed herein and that changes the structure and intent of
this Agreement and the transaction contemplated hereby as defined as Seller’s default (the “Default”), the Purchaser
will notify the Seller of the such by written notice given in to the addresses and in the manner provided in Section 6.08
of this Agreement and request refund of the Deposit.  The Seller shall have ten (10) days after receiving any such notice
to correct the discrepancy, to the extent correctable, to the reasonable satisfaction of the Purchaser or the Deposit will be
refunded to the Purchaser by the Escrow Agent. If after the due diligence deadline and before the Closing Date, the Seller breaches
this Agreement to enter into sales agreement with anyone other than the Purchaser or the Seller refuses to close, the Seller is
obligated to return to the Purhcaser all considerations that have been paid by the Purchaser to the Seller prior to Closing and
in addition, pay the Purchaser an amount equicvalent to the Deposit as agreed liquidated damages (the “Liquidated Damages”).
The account wire instructions for the Deposit herein and payment pursuant to Sections 1.04 and 3.01(b) (i) are as
follows:

 

First
Bank of Colorado

Englewood,
Colorado 80155

800-964-3444

ABA
Routing #107005047

SWIFT
code: FBCRUS51

 

FOR
THE ACCOUNT OF:

 

Jody
M. Walker COLTAF Trust Account

7841
South Garfield Way

Centennial,
Colorado 80122

Account
# 419-123-1973

 

    	 	2	 

     

    

 

Within
three (3) business days after receipt of the Deposit by the Escrow Agent, the Seller will make available by Google Drive or Drop
Box, or by email, for review by the Purchaser, the Documents, any and all other documents and records of the Company and all other
information regarding the Seller or the Company which the Purchaser requests.

 

The Purchaser will provide
Seller with the information as requested by the Seller concerning the Purchaser, including information on its proposed director
nominees.

 

1.04
Balance of Purchase Price; the Closing; Termination prior to Closing.

 

(a)
It is agreed that the full amount of the Purchase Price will be wire transferred to the Escrow Account on or before October 16,
2017 and that the closing of the sale and purchase of the Shares (the “Closing”) will take place on October
18, 2017.  It is agreed that all of the Shares and the Documents shall remain in the Escrow Account until the full Purchase
Price of $375,000.00 has been paid into Escrow, whereupon the Closing shall take place and the Documents shall be disbursed to
the Purchaser and the Purchase Price shall be shall be disbursed as per instructions of the Seller’ Representative.

 

(b)
In addition to the termination provision set forth in Section 1.03(b) above, this Agreement may be terminated prior to the Closing
(i) unilaterally by the Seller if: (A) the balance of the Purchase Price for the Shares is not paid in full on or before October
16 , 2017, unless an extension of time is agreed to in writing by both parties; or (b) the Purchaser has failed to comply with
all material terms of this Agreement; and (ii) unilaterally by the Purchaser if the Seller have failed to comply with all material
terms of this Agreement if (a) the Documents from the Seller and the Company are not delivered to Escrow Agent and Transfer Agent
on or before October 16, 2017, unless an extension of time is agreed to in writing by both parties; or (b) the Seller have failed
to comply with all material terms of this Agreement. Upon termination of this Agreement pursuant to clause (i) above, all consideration
paid by the Purchaser and the Documents shall be delivered to Seller in accordance with the terms of the Escrow Agreement. Upon
termination of this Agreement pursuant to clause (ii) above, all consideration paid by the Purchaser shall be delivered to the
Purchaser and in addition, the Seller shall be obgliated to pay the Liquidated Damages to the Purchaser. , and all Documents shall
be delivered to the Seller in accordance with the terms of the Escrow Agreement.

 

ARTICLE
II 

REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE SELLER 

 

The
Seller represents and warrants to and covenant with the Purchaser that as of the date of this Agreement as of the date of the
Closing:

 

2.01
Organization. The Company is a Florida corporation duly organized, validly existing, and in good standing under the laws
of that state, has all necessary corporate powers to own properties and carry on a business, and is duly qualified to do business
and is in good standing in the State of Florida, and elsewhere (if required). All actions taken by the incorporators, directors
and/or stockholders of the Company have been valid and in accordance with the laws of the state of Florida.

 

    	 	3	 

     

    

 

2.02
SEC Reporting Status/OTCQB Quotation/DTC Eligibility.

 

(a)
The Company is a reporting company and is required to file periodic reports with the Securities Exchange Commission (the “SEC”)
pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company is current in all of
it’s filings with the SEC.

 

(b)
The Company is a “shell” company (as such term is defined in Rule 12b-2 under the Exchange Act).

 

(c)
The Company’s common stock is included for quotation on the Pink Sheets market maintained by OTC Markets Group under the
symbol SLPC.

 

(d)
The Company’s common stock is DTC-eligible to the best of knowledge of the Seller, DTC has not taken, and will not take
action to impose directly and/or indirectly a “chill” or other restrictions on the common stock.

 

2.03
Authorization; Enforcement; Validity. The Seller has all requisite power, authority and legal capacity to enter into and
perform his obligations under this Agreement, the Escrow Agreement and any other agreements that may be entered into by the Seller
in connection with the transactions contemplated by this Agreement (collectively, the “Transaction Documents”). This
Agreement and all the other Transaction Documents have been duly executed and delivered by the Seller and constitute the legal,
valid and binding obligations of the Seller, enforceable against each Seller in accordance with their respective terms.

 

2.04
Capitalization.

 

(a)
The authorized capital stock of the Company consists of 5,000,000,000 shares of common stock, $0.01 par value, of which 43,425,000
Shares are issued and outstanding.  The Company has no preferred shares authorized. All outstanding Shares are fully paid
and non-assessable, free of liens, encumbrances, options, restrictions and legal or equitable rights of others not a party to
this Agreement.  At the Closing, there will be no outstanding subscriptions, options, rights, warrants, convertible securities,
or other agreements or commitments obligating the Company to issue or to transfer from treasury any additional shares of its capital
stock.

 

(b)
None of the outstanding Shares are subject to any stock restriction agreements or the beneficiary of any agreement requiring the
Company to register shares under the Securities Act of 1933, as amended (the “Securities Act”). There are approximately
36 stockholders of record of the Company plus shares in street name, if any. All of such stockholders have valid title to the
Shares and acquired their Shares in a lawful transaction and in accordance with Florida corporate law, the Securities Act and
applicable state securities laws based upon of their respective states of residence.

 

    	 	4	 

     

    

 

2.05
Subsidiaries. The Company does not own or control, directly or indirectly, any interest in any other corporation, partnership,
trust, joint venture, limited liability company, association, or other business entity. The Company is not a participant in any
joint venture, partnership or similar arrangement.

 

2.06
SEC Documents; Financial Statements. The Company has (including within any additional time periods provided by Rule 12b-25
under the Exchange Act) filed all reports, schedules, forms, statements and other documents required to be filed by it with the
SEC pursuant to the reporting requirements of the Exchange Act through the period of June 30, 2017.

 

All
filings, all exhibits included therein and financial statements, notes and schedules thereto and documents incorporated by reference
therein, all amendments thereto and all schedules and exhibits thereto and to any such amendments being hereinafter referred to
collectively, as the “SEC Documents”). Through June 30, 2017 all of the SEC Documents are available on the SEC’s
EDGAR system. To the best of knowledge of the Seller, as of their respective filing or effective dates, as applicable, the SEC
Documents complied in all material respects with the requirements of the Exchange Act and the rules and regulations of the SEC
promulgated thereunder applicable to the SEC Documents and the Securities Act and the rules and regulations promulgated thereunder.

 

As
to the best of knowledge of the Seller, and as of their respective filing and effective dates, as applicable, none of the SEC
Documents 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 the light of the circumstances under which they were made, not misleading.

 

2.07
Internal Accounting Controls; Sarbanes-Oxley Act of 2002. To the best of knowledge of the Seller, the Company is in compliance
with the requirements of the Sarbanes-Oxley Act of 2002 applicable to it as of the date hereof. The Company maintains a system
of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with
management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial
statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance
with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the
existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company has established
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and designed such
disclosures controls and procedures to ensure that material information relating to the Company, is made known to the certifying
officers by others within those entities, particularly during the period in which the Company’s Form 10-K or 10-Q, as the
case may be, is being prepared. The Company’s certifying officers have evaluated the effectiveness of the Company’s
controls and procedures as of the date of its most recently filed periodic report (such date, the “Evaluation Date”).
The Company presented in its most recently filed periodic report the conclusions of the certifying officers about the effectiveness
of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there
have been no significant changes in the Company’s internal controls over financial reporting (as such phrase is defined
in Item 308 of Regulation S-B under the Exchange Act) or, to the Company’s knowledge, in other factors that could significantly
affect the Company’s internal controls over financial reporting. The Company’s auditors, at all relevant times, have
been duly registered in good standing with the Public Company Accounting Oversight Board.

 

    	 	5	 

     

    

 

2.08
Liabilities. Notwithstanding the foregoing, the Company shall not, as of the Closing, have any debt, liability, or obligation
of any nature, except for three Promissory Notes that will be paid from the Escrow Account and cancelled and any other liabilities,whether
accrued, absolute, contingent, or otherwise that shall be paid, cancelled or forgiven at the Closing as set forth in Schedule
A, .  

 

2.09
Litigation. To the Best of knowledge of the Seller, neither the Seller nor the Company is a party to any direct and/or
indirect litigation, arbitration and/or other proceedings and the Seller are not aware of any pending, threatened or asserted
claims, lawsuits or contingencies involving the Seller and/or the Company or any of their respective assets, including without
limitation, in the case of the Seller, the Shares. There is no dispute of any kind between the Seller and/or the Company and any
third party. Neither the Seller nor the Company is party to any suit, action, arbitration, or legal administrative or other proceeding,
or pending governmental investigation. To the best knowledge of the Seller, there is no basis for any such action or proceeding
and no such action or proceeding is threatened against the Seller and/or the Company. Neither the Seller nor the Company is party
to or in default with respect to any order, writ, injunction, or decree of any federal, state, local, or foreign court, department,
agency, or instrumentality.

 

2.10
Tax Returns. The Company has filed all state and federal tax returns required to be filed by it through the date hereof
in the United States. As of Closing, there shall be no taxes of any kind due or owing for the years of 2016 and before.

 

2.11
No Conflicts. The execution and delivery of this Agreement and the other Transaction Documents by the Seller and the performance
by the Seller of their obligations hereunder and thereunder will not cause, constitute, or conflict with or result in (a) any
breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument,
articles of incorporation, bylaw, or other agreement or instrument to which the Seller, the Company or the directors and officers
of the Company are a party, or by which they or their respective assets may be bound, nor will any consents or authorizations
of any party other than those hereto be required, (b) an event that would cause Seller and/or the Company to be liable to any
third party; or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset
of the Company or upon the Shares.

 

2.12
Contracts, Leases and Assets. The Company is not a party to any contract, agreement or lease (unless such contract, agreement
or lease has been assigned to and assumed by another party and the Company has been released from its obligations thereunder)
other than its the contract with the Transfer Agent. No person holds a power of attorney from the Company or of the Seller.

 

2.13
Compliance with Laws. To the best of knowledge of the Seller, the Company has complied in all material respects, with,
and is not in violation of any, federal, state, or local statute, law, and/or regulation in the United States. The Company has
complied with all federal and applicable state securities laws in connection with the offer, sale and distribution of its securities
both in the United States. The Shares being sold by the Seller to the Purchaser hereunder are being sold in a private transaction
between the Seller and the Purchaser exempt from the registration requirements of Section 5 of the Securities Act under the rules,
regulations and interpretations of the Securities Act.

 

    	 	6	 

     

    

 

2.14
Conduct of Business. Prior to the Closing, the Company shall conduct its business in the normal course, and shall not (without
the prior written approval of Purchaser): (a) sell, pledge, or assign any assets; (b) amend its Certificate of Incorporation or
Bylaws; (c) declare dividends, redeem or sell stock or other securities; (d) incur any liabilities, except in the normal course
of business, which liabilities will be paid, cancelled or forgiven at or prior to Closing; (e) acquire or dispose of any assets,
enter into any contract, guarantee obligations of any third party; (f) enter into any other transaction; or (g) enter into an
agreement to do any of the foregoing.

 

2.15
Corporate Documents. Each of the following documents, which shall be true, complete and correct in all material respects,
will be submitted on or before the Closing:

 

(a)
Certificate of Incorporation and all amendments thereto;

 

(b)
Bylaws and all amendments thereto;

 

(c)
Minutes and Consents of the board of directors;

 

(d)
Minutes and Consents of shareholders;

 

(e)
List of directors and officers;

 

(f)
Certificate of Good Standing from the Secretary of State of Florida.

 

(g)
Current Shareholder list from the Transfer Agent; and

 

(h)
Copies of the Company’s agreements with its transfer agent, auditor and Edgar filing agent if, in each case, the terms of
such agreement require the Company to pay any amount if it elects to terminate such agreement.

 

(i)
Copies of agreements relating to any and all debt and liabilities that were cancelled, paid or forgiven.

 

All
minutes, consents or other documents pertaining to the Company to be delivered at or before the Closing pursuant to this Section
2.15 shall be valid and in accordance with the laws of Florida.

 

2.16
Title. The Seller have good and marketable title to all of the Shares being sold by them to the Purchaser pursuant to this
Agreement, and upon payment of the Purchase Price therefore, Purchaser will receive good and marketable title to the Shares subject
only to such liens thereon as may be created by Purchaser.  The Shares will be, at the Closing, free and clear of all liens,
security interests, pledges, charges, claims, encumbrances and restrictions of any kind, except for restrictions on transfer imposed
by federal and state securities laws.  None of the Shares are or will be subject to any voting trust or agreement.  No
person holds or has the right to receive any proxy or similar instrument with respect to such Shares.  Except as provided
in this Agreement, the Seller are not a party to any agreement, which offers or grants to any person the right to purchase or
acquire any of the Shares. There is no applicable local, state or federal law, rule, regulation, or decree which would, as a result
of the purchase of the Shares by Purchaser (and/or assigns) impair, restrict or delay voting rights with respect to the Shares.

 

    	 	7	 

     

    

 

2.17
Transfer of Shares.

 

(a)
The Seller will have the responsibility for sending (i) stock certificates evidencing the Shares (the “Original Certificates”)
together with duly executed stock powers with a medallion guaranty accepatipal to and confirmed by the Transfer Agent to the Transfer
Agent; (ii) instruction from seller to instruct the Transfer Agent to send new stock certificates of 40,000,020 shares registered
in the names directed by the acceptable to the Purchaser; (iii) a confirmation letter from Transfer Agent to the Purchaser’s
attorney that it has received copies of all documents required to transfer the Shares free and clear from Seller to Purchaser
(“Trasnfer Agent Notification”);

 

(b)
The Purchaser will have the responsibility of having the certificates transferred into its name. the Purchaser shall be responsible
for all costs involved in such transfers. Notwithstanding the foregoing, the Seller shall cooperate in furnishing the Purchaser
with any additional information or documents required by the Transfer Agent to effect such transfer.

 

2.18
Ownership of Stock. Seller is the sole record and beneficial owner of, and has good and marketable title to the Shares
under such Seller’s name. Seller owns such shares of Common Stock free and clear of any charges, pledges, options, mortgages,
deeds of trust, hypothecations, security interests or other encumbrances or restrictions (collectively, “Liens”) and
upon consummation of the transactions contemplated hereby the Purchaser purchasing such shares will acquire good and marketable
title to such shares free and clear of all Liens, other than Liens created by such Purchaser.

 

2.19
Authorization; No Agreements. This Agreement has been duly and validly executed and delivered by the Seller and is a legal,
valid and binding obligation of the Seller, enforceable against him in accordance with its terms. The execution, delivery and
performance by the Seller of this Agreement does not violate any contractual restriction contained in any agreement which binds
or affects or purports to bind or affect the Seller or the Company. The Seller is not a party to any agreement, written or oral,
creating rights in respect of any of the Shares in any third party or relating to the voting of the Shares. The Seller is not
a party to any outstanding or authorized options, warrants, rights, calls, commitments, conversion rights, rights of exchange
or other agreements of any character, contingent or otherwise, providing for the purchase, issuance or sale of any of the Shares
or any other capital stock of the Company, and there are no restrictions of any kind on the transfer of any of the Shares, other
than (a) restrictions on transfer imposed by the Securities Act and (b) restrictions on transfer imposed by applicable state securities
or “blue sky” laws.

 

2.20
Consents and Approvals. The execution and delivery by Seller of this Agreement, the performance by Seller of his obligations
hereunder and the consummation by Seller of the transactions contemplated hereby do not require Seller to obtain any consent,
approval or action of, or make any filing with or give any notice to, any person or entity.

 

    	 	8	 

     

    

 

2.21
Resale Restrictions. None of the Shares have been registered under the Securities Act, or under any state securities or
“blue sky” laws of any state of the United States, and, unless so registered, none of the Shares may be offered or
sold by the Seller, except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and in each case only in accordance
with applicable state securities laws.

 

2.22
Original Acquisition.  The Shares represented by the Seller’s Original Certificate were originally acquired
from the Company and its affiliates, and fully paid for his own account and not with a view to, or for sale in connection with,
any distribution, resale or public offering of such Shares or any part thereof in violation of the Securities Act. 

 

2.23
Repayment of Debt and Obligations. On or before the Closing Date, the Sellers shall cause the Company to satisfy all of
the Company’s liabilities and obligations, such that the Company shall have no liabilities or obligations as of the Closing
Date.

 

2.24
No Disagreements with Accountants and Lawyers. To the best of knowledge of the Seller, tThere are no disagreements of any
kind presently existing, or reasonably anticipated by the Seller to arise, between the accountants, and lawyers formerly or presently
employed by the Company and the Company is current with respect to any fees owed to its accountants and lawyers.

 

2.25
No Injunction. There shall not be in effect, at the Closing Date, any injunction or other binding order of any court or
other tribunal having jurisdiction over the Sellers or the Company that prohibits the sale of the Shares to Purchasers.

 

ARTICLE
III

CLOSING
DELIVERIES

 

3.01
Closing Deliveries. At least 48 hours prior to Closing (or such shorter period as may be agreed to by the Parties in writing),
the Parties shall have made the following deliveries to the Escrow Agent:

 

(a)
By the Seller:

 

(i)
The documents set forth in Section 2.15 of this Agreement;

 

	 	(i)	stock certificate or certificates, along with stock
powers with signature guarantee acceptable to the Transfer Agent, representing the Shares, endorsed in the name of Purchaser or
left blank., and such corporate authorizations as may be required, and instructions from the Seller to the Transfer Agent to issue
stock certificate in the name of the Purchaser, upon Closing

 

	 	(ii)	the resignation of all officers of the Company unless
agreed to otherwise by all parties in writing to be effective after Closing.

 

    	 	9	 

     

    

 

	 	(iii)	the resignations of all directors of the Company and
the appointment of three new directors as designated by the Purchaser, to be effective after Closing.

 

	 	(iv)	true and correct copies of all of the business and corporate
records of the Company, including but not limited to correspondence files, bank statements, checkbooks, savings account books,
minutes of stockholder and directors’ meetings or consents, financial statements, stockholder listings, stock transfer records,
agreements, tax returns and contracts that exist;

 

	 	(v)	true and correct copies of the original stock purchase
agreements that the Seller acquired their Shares from the Company; and

 

	 	(vi)	such other documents and records of the Company as may
be reasonably required by the Purchaser.

 

	 	(vii)	Current transfer agent’s confirmation letter that
it has received copies of all documents required to transfer the Shares free and clear of any encumbrances or liens from the Seller
to the Purchaser;

 

	 	(viii)	Officer Certificate. The Seller shall request that the
Company shall delivered to the Purchaser a certificate, executed by its Chief Executive Officer or its Chief Financial Officer,
dated as of the Closing Date, certifying that there are no outstanding liabilities, obligations or indebtedness of the Company
that will not be satisfied at Closing.

 

	 	(ix)	The Seller shall request that the Company deliver to
the Purchaser a certificate certifying that (i) the current version of the Articles of Incorporation and Bylaws of the Company
and certifying that the Articles of incorporation have not been amended since the date(s) of the Florida Certificate and that
no event has occurred since the date of issuance of the Florida Certificate that would adversely affect the Company’s corporate
good standing.

 

(b)
By the Purchaser:

 

	 	(i)	wire transfer to the Escrow Agent of $345,000.00, representing
the balance of the payment for the Purchase Price for the Shares.

 

    	 	10	 

     

    

 

ARTICLE
IV

INVESTMENT
REPRESENTATIONS AND WARRANTIES AND COVENANTS 

OF
THE PURCHASER

 

The
Purchaser represents and warrants to and covenants with the Seller as follows:

 

4.01
Transfer Restrictions. The Purchaser agrees that the Shares being acquired pursuant to this Agreement may be sold, pledged,
assigned, hypothecated or otherwise transferred, with or without consideration (a “Transfer”) only pursuant to an
effective registration statement under the Securities Act or pursuant to an exemption from registration under Securities Act.

 

4.02
Investment Intent. The Purchaser is acquiring the Shares for its own account for investment, and not with a view toward
distribution thereof.

 

4.03
No Advertisement. The Purchaser acknowledges that the Shares have been offered to the Purchaser in direct communication
between the Purchaser and the Seller, and not through any advertisement of any kind.

 

4.04
Knowledge and Experience. The Purchaser acknowledges it has been encouraged to seek its own legal and financial counsel
to assist in evaluating this purchase.  The Purchaser acknowledges that the Seller have given the Purchaser and its attorneys
and advisors access to all information relating to the Company’s business that the Purchaser has requested.  The Purchaser
acknowledges that it has sufficient business and financial experience and knowledge concerning the affairs and conditions of the
Company in order to make a reasoned decision as to this purchase of the Shares and is capable of evaluating the merits and risks
of such purchase.

 

4.05
Restrictions on Transferability.

 

(a)
The Purchaser is aware of the restrictions on transferability of the Shares and further understands that some or all of the certificates
may bear a legend similar to the following:

 

THESE
SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), IN RELIANCE UPON THE EXEMPTION FROM REGISTRATION PROVIDED IN SECTIONS 4(a) (1) AND 4(a) (2) AND/OR
REGULATION D UNDER THE SECURITIES ACT. AS SUCH, THE PURCHASE OF THESE SECURITIES WAS MADE WITH THE INTENT OF INVESTMENT AND NOT
WITH A VIEW TO DISTRIBUTION THEREOF. THEREFORE, ANY SUBSEQUENT TRANSFER OF THESE SECURITIES OR ANY INTEREST THEREIN WILL BE UNLAWFUL
UNLESS THEY ARE REGISTERED UNDER THE SECURITIES ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 

 

(b)
The Purchaser understands that the Shares may only be disposed of pursuant to either (i) an effective registration statement under
the Securities Act, or (ii) an exemption from the registration requirements of the Securities Act.

 

(c)
Neither the Company nor the Seller have filed such a registration statement with the SEC or any state authorities nor agreed to
do so, nor contemplates doing so in the future for the Shares or any other securities of the Company, and in the absence of such
a registration statement or exemption, the Purchaser may have to hold the Shares indefinitely and may be unable to liquidate them
in case of an emergency.

 

4.06
Future Business of the Company. The Purchaser represents that after the Closing the Purchaser will either carry on the
existing business of the Company or enter into a new business.  After the Closing, the Purchaser covenants not to manipulate
or participate in a manipulating the Share price of the Company in a “pump and dump” scheme.

 

    	 	11	 

     

    

 

4.07
Current Report on Form 8-K. Following the Closing, the Company shall timely file and the Purchaser shall cause the Company
to timely file a Current Report on Form 8-K with the SEC, disclosing the acquisition of the Shares by the Purchaser, the change
of control of the Company, all changes to the board of directors and officers of the Company and all such additional disclosure
as is required on such report pursuant to the SEC’s rules and regulations.

 

4.08
The Purchaser and the Company, after Closing, will have the full responsibility to prepare and file the Form 10Q with the SEC,
for the period ending September 30, 2017.

 

Seller
agrees to assist the Purchaser by supplying information needed and Company in filing the Form 10Q.

 

4.09
Anti-Money Laundering, Anti-Corruption and Anti-Terrorism Laws. The Purchaser confirms that the funds representing the
Purchase Price will not represent proceeds of a crime for the purpose of any applicable anti-money laundering or anti-terrorist
legislation, regulation or guideline and the Purchaser is in compliance with, and has not previously violated, the United States
of America Patriot Act of 2001, as amended through the date of this Agreement, to the extent applicable to the Purchaser and all
other applicable anti-money laundering, anti-corruption and anti-terrorism laws and regulations.

 

ARTICLE
V

INDEMNIFICATION

 

5.01
Indemnification. From and after the Closing, the Parties, jointly and severally, agree to indemnify the other against all
actual losses, damages and expenses caused by (a) any inaccuracy in any of the representations and warranties of the Seller pursuant
to this Agreement or in any certificate delivered by the Seller pursuant to this Agreement, or any material breach of this Agreement
by them or any material misrepresentation contained herein; or (b) any misstatement of a material fact or omission to state a
material fact required to be stated herein or necessary to make the statements herein not misleading.

 

5.02
Indemnification Non-Exclusive. The foregoing indemnification provision is in addition to, and not derogation of any statutory,
equitable or common law remedy any party may have for breach of representation, warranty, covenant or agreement.

 

5.03
Survival. All representations and warranties of the Parties made hereunder shall be true as of the date of Closing and
shall survive the Closing.

 

ARTICLE
VI

MISCELLANEOUS

 

6.01
Captions and Headings. The Article, Section and Subsection headings throughout this Agreement are for convenience and reference
only, and shall in no way be deemed to define, limit, or add to the meaning of any provision of this Agreement.

 

    	 	12	 

     

    

 

6.02
Amendments Oral Change. This Agreement and any provision hereof, may not be waived, changed, modified, or discharged, orally,
but only by an agreement in writing signed by the Party against whom enforcement of any waiver, change, modification, or discharge
is sought.

 

6.03
No Waiver. Except as otherwise expressly provided herein, no waiver of any covenant, condition, or provision of this Agreement
shall be deemed to have been made unless expressly in writing and signed by the Party against whom such waiver is charged; and
(a) the failure of any Party to insist in any one or more cases upon the performance of any of the provisions, covenants, or conditions
of this Agreement or to exercise any option herein contained shall not be construed as a waiver or relinquishment for the future
of any such provisions, covenants, or conditions, (b) the acceptance of performance of anything required by this Agreement to
be performed with knowledge of the breach or failure of a covenant, condition, or provision hereof shall not be deemed a waiver
of such breach or failure; and (b) no waiver by any Party of one breach by another Party shall be construed as a waiver with respect
to any other or subsequent breach.

 

6.04
Entire Agreement. This Agreement, including the Exhibits and Schedules hereto, contain the entire Agreement and understanding
between the Parties hereto, and supersede all prior agreements and understandings.

 

6.05
Partial Invalidity. In the event that any condition, covenant, or other provision of this Agreement is held to be invalid
or void by any court of competent jurisdiction, it shall be deemed severable from the remainder of this Agreement and shall in
no way affect any other condition, covenant or other provision of the Agreement.  If such condition, covenant, or other provision
is held to be invalid due to its scope or breadth, it is agreed that it shall be deemed to remain valid to the extent permitted
by law.

 

6.06
Counterparts. This Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.  Facsimile, .PDF or other electronic
signatures will be acceptable to all parties.

 

6.07
Notices. All notices, requests, demands, and other communications under this Agreement shall be in writing, shall be (a)
sent by personal delivery or recognized overnight courier; (b) effective upon receipt; and (c) transmitted to the Parties at the
following addresses:

 

	If to the Seller:	Andy Z. Fan
	 	9030 W. Sahara Avenue, #217
	 	Las Vegas, NV 89117
	 	Phone:  702-576-1187
	 	Email: andyfan8@yahoo.com
	 	 
	If to the Purchaser:	Yap Nee Seng 
	 	c/o Yue Cao, Esq
	 	Law Office of Yue & Associates,P.C.
	 	7700 Irvine Center Drive, Suite 800
	 	Irvine, CA 92618
	 	Phone:  617-312-1708
	 	Email:  ycao@yueuslaw.com

 

    	 	13	 

     

    

 

Any
Party may change its address by notice given to the other Party or Parties pursuant to the terms of this Section 6.07.

 

6.08
Binding Effect. This Agreement shall inure to and be binding upon the Parties and their respective (as applicable) heirs,
executors, personal representatives, successors and assigns.

 

6.09
Mutual Cooperation. The Parties shall cooperate with each other to achieve the purpose of this Agreement, and shall execute
such other and further documents and take such other and further actions as may be necessary or convenient to effect the transaction
described herein.

 

6.10
Governing Law. This Agreement and the rights of the Parties hereunder shall be governed by and construed in accordance
with the Laws of the State of Florida (regardless of its conflict of laws principles), including all matters of construction,
validity, performance and enforcement and without giving effect to the principles of conflict of laws.

 

6.11
Exclusive Jurisdiction and Venue. The Parties hereby expressly and irrevocably agree that any suit or proceeding arising
directly and/or indirectly pursuant to or under this Agreement shall be brought solely in a federal or state court located in
Florida. By execution hereof, the Parties hereby consent and irrevocably submit to the in personam jurisdiction of the
federal and state courts located in the Florida and agree that any process in any such action may be served upon any of them personally,
or by certified mail, return receipt requested, with the same full force and effect as if personally served upon them. The Parties
expressly and irrevocably waive any claim that any such jurisdiction is not a convenient forum for any such suit or proceeding
and any defense or lack of in personam jurisdiction with respect thereto.

 

6.12
Attorneys Fees. In the event any Party hereto shall commence legal proceedings against the other to interpret, enforce
or otherwise arising from this Agreement, the prevailing Party in any such proceeding shall be entitled to recover from the non-prevailing
Party its costs of suit, including reasonable attorneys’ fees and costs, at both the trial and appellate levels.

 

    	 	14	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the Parties as of the date first written above.

 

	 	THE
    SELLER:
	 	 
	 	ANDY
    Z. FAN
	 	 
	 	/s/
    Andy Fan
	 	Andy
    Z. Fan
	 	 
	 	THE
    PURCHASER:  
	 	 
	 	YAP
    NEE SENG
	 	 
	 	/s/
    Yap Nee Seng
	 	Yap
    Nee Seng

 

    	 	15	 

     

    

 

Scheduel
A

 

Outstanding
Liabliites To Be Paid and Cancelled Upon Closing

 

	1.	Convertible Promissory Note between Sichuan Leaders
Petrochemical Company and Venturevest Capital Corporation, dated May 311, 2017 in the amount of $6,000.00

 

	2.	Convertible Promissory Note between Sichuan Leaders
Petrochemical Company and Venturevest Capital Corporation dated June 14, 2017 in the amount of$8,690.00

 

	3.	Convertible Promissory Note betweenSichuan Leaders Petrochemical
Company and Venturevest Capital Corporation dated July 31, 2017 in the amount of $7,680.00

 

 

16

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