Document:

ex10_15.htm

     

    Exhibit
      10.15

    

    BILL
      OF
      SALE       
                                          UNITED
      STATES OF AMERICA

    

    BY
      ALTFUELS
      CORPORATION           
          STATE OF
      LOUISIANA

    

    TO
      RR
      LOUISIANA PROPERTY,
      LLC.            PARISH
      OF ASSUMPTION

    

    

    Before
      the undersigned Notaries Public,
      duly commissioned in and for the aforesaid states and parishes, and in the
      presence of the respective subscribing witnesses, there appeared:

    

    ALTFUELS
      CORPORATION, a Louisiana corporation represented herein by its duly authorized
      President, hereafter called “SELLER”;

    

    who
      declared that he has sold and delivered, and does y these presents grant,
      bargain, sell, assign, transfer, set over and deliver, with all legal
      warranties, unto:

    

    RR
      LOUISIANA PROPERTY, LLC, a Louisiana limited liability company represented
      herein by its duly authorized manager, Claus Wagner-Bartak; hereafter called
      “PURCHASER”;

    

    who
      accepts, all and singular and acknowledges that there has been duly delivered
      to
      him, the following described movable property located at the former premises
      of
      SELLER in Assumption Parish, Louisiana, as is more fully described in Exhibit
      A
      attached hereto and incorporated herein.

    

    To
      have
      and to hold the above described movable property unto the said PURCAHSER, his
      heirs and assigns, forever

    

    The
      consideration for this sale the
      SELLER acknowledges the following:

    

    1.           PURCHASER
      assumes and agrees to hold the SELLER, free and harmless from the payment of
      the
      balance due on that Consent Judgment in favor of Community Bank, dated September
      08, 2003, recorded on recorded on 8, 2003 as Entry No. 212185 of the official
      records of the Clerk and Recorder for the Parish of Assumption, State of
      Louisiana, in the original sum of One Hundred Thirty-Seven Thousand Six Hundred
      Forty-Seven and 06/100 ($137,647.06) DOLLARS, together with interest at the
      rate
      of 9.5% per annum on the amount of $225,842.33 from September 16, 2001 the
      date
      of the last interest payment until December 4, 2002 and then on the amount
      of
      $137,647.05 from December 5, 2002, until paid, and for all costs of the court
      proceedings, as may be modified by subsequent payments received and agreements
      between the parties.  This Consent Judgment is in favor of Community
      Bank and against Altfuels Corporation, Keith D. Kember, John R. Kember, Janet
      K.
      Landry, Harry J. Kember, Jr., Mary E. Kember and Jerilyn K. Barker, Suite No.
      27, 100, 23rd
      Judicial District Court, Parish of Assumption, State of Louisiana.

    

    2.           PURCHASER assumes
      and agrees to hold the SELLER free and harmless from the payment of the balance
      due on the certain Judgment in favor of Simmons & Savoie Insurance Agency,
      Inc., dated August 30, 2001, in the matter entitled, “Simmons & Savoie
      Insurance Agency, Inc. vs. Altfuels Corporation, Docket No. 26,475, 23rd Judicial
      District
      Court, State of Louisiana, recorded on September 5, 2001, as File No. 202519
      of
      the official records of the Clerk and Recorder for the Parish of Assumption,
      State of Louisiana, in the original sum of Thirteen Thousand Two Hundred
      Seventy-Four and 22/100 ($13,274.22) DOLLARS plus legal interest from the date
      of judicial demand until paid plus 25% attorney’s fees on the aggregate
      principal and interest and for all the costs of the proceeding, as may be
      modified by subsequent payments received and agreements between the
      parties.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    3.           PURCHASER
      assumes and agrees to hold the SELLER free and harmless from the payment of
      the
      balance due on the certain Notice of Seizure dated June 20, 2003, in favor
      of
      Iberville Trust & Savings Bank in the matter entitled, “Iberville Trust
& Savings Bank vs. Altfuels Corporation and L-1011 Corporation, Docket No.
      27120, 23rd
      Judicial District Court, State of Louisiana” in the amount of Two Hundred
      Ninety-Six Thousand One Hundred Sixty-Nine and 78/100 ($296,169.78) DOLLARS,
      together with interest and costs, as may be modified by subsequent payments
      received and agreements between the parties.

    

    4.           PURCHASER
      assumes and agrees to hold the SELLER free and harmless from the payment of
      the
      balance due on the certain Judgment in favor of Hibernia National Bank dated
      March 18, 2002 in the matter entitled, “Hibernia National Bank vs. Altfuels
      Corporation and Harry Kember, Jr. and Elizabeth Kember, Docket No. 26,619,
      Division “D”, 23rd Judicial
      District
      Court, State of Louisiana”.  Said judgment is recorded on March 20,
      2002 as File No. 205052 on file AND OF RECORD IN THE OFFICE OF THE Clerk and
      Recorder for the Parish of Assumption, State of Louisiana and is in the amount
      of Twenty-Six Thousand Eight Hundred Eighty-Seven and 26/100 ($26,887.26)
      DOLLARS together with accrued interest of $1,534.96 at the rate of 9.50% per
      annum and late charges of $185.00 and all costs of the proceedings, as may
      be
      modified by subsequent payments received and agreements between the
      parties.

    

    5.           PURCHASER
      accepts and SELLER has transferred 200,000 Shares of Common Stock in Red Reef
      Corporation, represented by Stock Certificate No. 1300 dated November 22, 2006,
      originally issued to Gary Alexander in satisfaction of any and all amounts
      due
      by Altfuels Corporation and related parties unto Gary Alexander.

    

    SELLER,
      being duly sworn, declared that he owes nothing on the above described movable
      property, having paid his vendor for the same, has never granted any mortgage
      or
      security interest therein and knows of no liens or encumbrances
      thereon.

    

    THUS
      DONE AND PASSED this
15th
      day of
      February, 2007 at Baton Rouge, Louisiana, the undersigned parties having
      affixed their signatures in the presence of me, Notary, and the undersigned
      witnesses after due reading of the whole.

    

    WITNESSES:

    

    

    /s/
      Lisa
      Patterson                                                      

    Lisa
      Patterson

    

    /s/
      Laurie
      Jewell                                                      

    Laurie

    

    

    ALTFUELS
      CORPORATION:

    

    

    /s/
      Harry J. Kember,
      Jr.                                                      

    Harry
      J.
      Kember, Jr.

     

    /s/
      Ronald
      Savoie                                                      

    NOTARY

    

     

    County
      of
      BROWARD

    

    State
      of
      FLORIDA

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    ACKNOWLEDGEMENT

    

    

    Thus
      done and signed in the County and
      State aforesaid, in the presence of the undersigned competent witnesses, who
      have hereunto signed their names with the parties and me, said Notary, this
      15th day of
      February, 2007.

    

    

    WITNESSES:

    

    /s/
      Peter
      Versace                                                      

    

    

    /s/
      Guido
      Volante                                                      

    
 

    

    PURCHASER:

    RR
      Louisiana Property, LLC.

    

    By:  /s/
      Dr. Claus Wagner-Bartak

            Dr.
      Claus Wagner-Bartak, Member

    

    

    

    /s/
      Mauselie S.
      Dor                                                      

    NOTARY
      PUBLIC

    

    Notary
      Printed Name:  Mauselie S. Dor

    Notary
      Number:  WDD 327022

    My
      Commission Expires:  June 6, 2008

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

    MOVABLE
      PROPERTY

    

    

    
      
        	
                Original
                  Cost

              	 	 	 
	 	 	 	 
	
                Dave
                  Compressor 5000psi

              	 	$	
                5,344.65

              	 
	
                Compressor
                  250psi

              	 	
                $
                  1,000.00 (estimated)

              	 
	
                Supermac
                  Automatic Feeder with

              	 	 	 	 
	
                Weighing
                  Machine

              	 	$	
                9,000.00

              	 
	
                Bag
                  Sealing Jaw and Assembly

              	 	$	
                4,000.00

              	 
	
                Fulton
                  Broiler Serial #83540 and

              	 	 	 	 
	
                Return
                  Tank HT10

              	 	$	
                17,272.72

              	 
	
                Ammonia
                  Valve – Serial #99W050561

              	 	$	
                6,000.00

              	 
	
                Bagger
                  - #EM-600RI

              	 	$	
                19,000.00

              	 
	
                Reactors
                  - 24in. X 25 ft.

              	 	$	
                50,000.00

              	 
	
                Reactor
                  (unfinished) ASME 1440

              	 	$	
                35,023.00

              	 
	
                Belt-o-Matic
                  Dryer

              	 	$	
                65,000.00

              	 
	
                Ricoh
                  Copy Machine (used) Model #4527

              	 	$	
                4,495.00

              	 
	
                Shaker
                  and Grinder and 6’ X 12” Conveyor

              	 	$	
                29,000.00

              	 
	
                Hand
                  Tools

              	 	$	
                10,000.00

              	 
	
                Bag
                  Inventory

              	 	$	
                6,000.00

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                TOTAL

              	 	$	
                261,135.37

              	 

      

    

     

     

     

    
      
         

      

      
        4ex10_16.htm

     

    Exhibit
      10.16

    Agency
      Contract

    

    This
      Agency Contract is made effective the March 9, 2007, between Red Reef Laboratories International,
      Inc. (“RRLB”) and Guangzhou Benchmark
      Consultant Services
      Limited (“Benchmark”)

    

    In
      consideration of the mutual
      promises, covenants and agreements contained in this Contract, and for other
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, RRLB and Benchmark agree as follows:

    

    Article
      1
      Subject

    RRLB
      appoints Benchmark his agent to establish the operation and management in
      China.

    

    Article
      2
      Obligations

     

    2.1
      Obligations of Benchmark

    

    1.Benchmark
      shall
      assist RRLB to apply for the permit/license to sell its product in China Market.
      Benchmark shall assist RRLB in establishing Guangzhou Office and appoint project
      manager and project assistants who shall take charge of the whole service
      process.

    

    2.Benchmark
      shall
      provide RRLB for selection with capable candidates and assist with their
      negotiation and cooperation to sell RRLB’s products in Chinese
      market.

    

    2.2
      Obligations of RRLB

    

    1. In
      order to
      acquire the said permit/license, RRLB shall pay Benchmark for any expense arises
      which will be approximately US$9000, each expense shall be supported by
      invoice/receipt.  The expenses include but not limit to trademark
      registration, approval documents from Ministry of Sanitary for the disinfectant,
      etc.

    

    2.During
      the six-month
      sale license application period, RRLB shall pay Benchmark service fee on monthly
      basis but under no circumstances should it be over US$6000.00. The Service
      fee
      shall cover all the expenses such as the salaries of the project manager and
      the
      assistant, the rental and daily office expense of RRLB Guangzhou Office,
      establishment expense of product promotion channels and reception expense,
      etc.
      All the expenses shall be reimbursed to RRLB according to the actual amount
      in
      the invoices or receipts.

    

    3. After
      six-month
      period, RRLB shall pay Benchmark monthly a 5% commission of the wholesale
      revenue as management fee.

    

    Article
      3
      Payment

    3.1
      Upon
      signing this contract by both parties, RRLB shall deposit US$9000.00, which
      is
      the sale license application fee, and US$18000.00, which is service fee for
      the
      first three months, into the Escrow account of Greentree Financial Group.
      Starting from 4th month,
      RRLB shall
      make the payment the first days of each month of US$6000.00 for 3 consecutive
      months.

    

    3.2
       After six-month period, RRLB shall pay Benchmark monthly a 5% commission
      of the wholesale revenue as management fee.

    

    Article
      4
      Term

    The
      effective term of this contract is five years, or from March 9, 2007 to March
      8,
      2012.

    

    Article
      5
      Confidentiality

    Both
      RRLB
      and Benchmark agree that it will not at any time, or in any fashion or manner
      divulge, disclose or otherwise communicate to any person or corporation, in
      any
      manner whatsoever, any information of any kind, nature, or description
      concerning any matters affecting or relating to the business of each others
      company.  This includes its method of operation, or its plans, its
      processes, or other data of any kind or nature that they know, or should have
      known, is confidential and not already information that resides in the public
      domain.  Both RRLB and Benchmark expressly agree that confidentiality
      of these matters is extremely important and gravely affect the successful
      conduct of business of each company, and its goodwill, and that any breach
      of
      the terms of this section is a material breach of this Agreement.  The
      provisions of this section shall survive termination of the
      Agreement.

    

    Article
      6
      Termination

    In
      the
      event of a breach of this agreement by RRLB, RRLB shall be responsible for
      any
      outstanding fees and expenses.  Benchmark shall have the right to
      terminate this Contract on the grounds of RRLB’s failure to remit the required
      payments or in the event of any breach of the Contract by RRLB.  RRLB
      has the right to terminate this agreement with thirty (30) days written
      notice.

    

    Article
      7
      Governing law

    This
      Agreement and the interpretation and enforcement of the terms of this Agreement
      shall be governed under and subject to the laws of the People’s Republic of
      China.

    

    Article
      8
      Arbitration

    Any
      dispute or claim arising from or in any way related to this agreement shall
      be
      settled by arbitration in Shenzhen, China.  All arbitration shall be
      conducted in accordance with the rules and regulations of the China
      International Economic and Trade Arbitration Commission, South China
      Sub-commission.

    

    Article
      9
      Miscellaneous

    This
      contract constitutes the entire understanding and agreement between the RRLB
      and
      Benchmark with respect to the subject matter hereof and supersedes all prior
      understandings or agreements between the parties with respect thereto, whether
      oral or written, express or implied. Any amendments or modifications must be
      executed in writing by both parties. This contract and all rights, liabilities
      and obligations hereunder shall be binding upon and inure to the benefit of
      each
      party’s successors but may not be assigned without the prior written approval of
      the other party. If any provision of this contract shall be held or made invalid
      by a statute, rule, regulation, decision of a tribunal or otherwise, the
      remainder of this contract shall not be affected thereby and, to this extent,
      the provisions of this contract shall be deemed to be severable.

    

    

    

    Red
      Reef
      Laboratories International, Inc

    Representative:

    

    Guangzhou
      Benchmark Consultant Services Limited

    Representative:

    

    March
      9 ,
      2007

    Guangzhou,
      China

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