Document:

EXHIBIT 10.4

 

ASSET
SALE & PURCHASE AGREEMENT 

 

Dated
December 11, 2013

 

THIS
AGREEMENT is between 

 

Party A: APOLO GOLD & ENERGY ASIA LIMITED (A
WHOLLY OWNED SUBSIDIARY OF APOLO GOLD & ENERGY INC. a company incorporated under the laws of the State of Nevada, USA)
with its address at 9th floor, Kam Chung Commercial Bldg, 19-21 Hennessy Road, Wanchai, Hong Kong. (“APOLO” or
the “Company”),

 

And

 

Party
B: ELEMENT RESOURCES INTERNATIONAL LIMITED (WHOLLY OWNED SUBSIDIARY OF YINFU GOLD CORPORATION) with its address at 2611, 26th
floor, Office Tower Langham Place, 8 Argyle Street, Kowloon, Hong Kong. (“YINFU”)

 

WHEREAS,

 

(1)
Party A has agreed to issue 6 million shares of APOLO to Party B to acquire Party B’s 70% of the assets of 3 mining claims
of Party B; (the Business Assets”) located in Xinjiang, China, on the terms and subject to the conditions set forth herein
and:

 

(2)
Party B through investments, owns 70% of three tenements of exploration rights as follows,

 

(a)
Gold Mine Reconnaissance in the West of Daqing Gerry River, Qinghe County,

Area
: 7.91 Square Kilometers

Xinjiang
Province. Certificate NO. T65120081202020895

Period
of Validity: March 2, 2012 to March 27, 2014.

 

(b)
Gold Mine Detailed Survey in the Northwest of Sensha Water Mountain, Heshuo 

Area
: 15.80 Square Kilometers

Country,
Xinjiang Province. Certificate NO. T65120080202006459

Period
of Validity: July 3, 2012 to July 3, 2015.

 

(c)
Keler Nebrack Gold Mine Detailed Survey in Habar Country, Xinjiang Province.

Area
10.28 Square Kilometers

Certificate
NO. T65120091102036631

Period
of Validity: January 18, 2012 to February, 20, 2015.

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants, agreements, representations and warranties
contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

    	Page 1 of 6

    	 

    

 

ARTICLE
I 

SALE
AND PURCHASE OF SHARES

 

1.1
On the basis of the representations herein contained and on the terms and subject to the conditions set forth herein, Party B
hereby agrees to sell, assign, transfer convey and deliver to APOLO, the business assets amounting to 70% of the mining claims
noted above, together with all of its rights, titles and interests in the business assets and all attendant or related assets,
including, but not limited to: proprietary intellectual property, maps, documents, deeds, files, titles, patents, know- how and
good-will, together with any other item, assets, products, files, records, documents, signatures, interests or rights pertaining
to or relating to the Business Assets in keeping with the intentions and the spirit of this Agreement.

 

1.2
It is understood by the Parties that the 6 Million shares of APOLO so issued as payment for the business assets will be restricted
shares as required by Rule 144 of the United States Securities and Exchange Act (the “Act” and shall display a restrictive
legend as required by the United States Securities and Exchange Act,

 

ARTICLE
II

REPRESENTATIONS
AND WARRANTIES OF YINFU

 

2.1
Authorization. APOLO, represented by Kelvin Chak, Chief Executive Officer of APOLO has full power, legal capacity and authority
to enter into this Agreement and to consummate the transaction herein contemplated, and to perform all obligations hereunder.
This Agreement constitutes the legal, valid and binding obligation of APOLO, and this Agreement is enforceable with respect to
Party B in accordance with its terms. Neither the execution and delivery of this Agreement, nor the compliance with any of the
provisions hereof, will (a) conflict with or result in a breach of, violation of or default under any of the terms, conditions
or provisions of any note, bond, mortgage, indenture, license, lease, credit agreement or other agreement, document, instrument
or obligation to which APOLO is a party or by which APOLO or any of its assets or properties may be bound or (b) violate any judgment,
order, injunction, decree, statute, rule or regulation applicable to YINFU or the assets or properties of APOLO.

 

2.2
Legality of Shares. To the best of APOLO’s knowledge, the Common Shares, when delivered as provided in this Agreement,
will be validly issued, fully paid and nonassessable. The Common Shares, upon sale, assignment, transfer and conveyance thereof,
will not be subject to the preemptive right of any shareholder or any other person. Upon delivery of and payment for the Common
Shares as set forth in this Agreement, Party B will receive title to the common shares thereto. Other than the Rule 144 restrictions
required by the Securities and Exchange Commission the Common Shares are free and clear of all liens, encumbrances, charges and
claims.

 

2.3
Compliance with Securities Laws.

 

a.
No formal or informal investigation or examination by the Securities and Exchange Commission (the “Commission”) or
by the securities administrator of any state is pending or threatened against APOLO.

 

b.
Neither APOLO, nor any of its directors or officers, have been convicted of any felony or misdemeanor in connection with the sale
or purchase of any security or involving the making of any false filing with the Commission.

 

    	Page 2 of 6

    	 

    

 

c.
APOLO is not subject to any order, judgment or decree of any court of competent jurisdiction temporarily, preliminarily or permanently
restraining or enjoining such person from engaging in or continuing any conduct or practice in connection with the sale or purchase
of any security or involving the making of any false filing with the Commission.

 

2.4
No undisclosed Issues or Liabilities. APOLO warrants that to the best of its knowledge there are no, issues that might
tend to cause damage to APOLO or its shareholders, or state or federal regulatory problems of any description.

 

ARTICLE
III

REPRESENTATIONS
AND WARRANTIES OF PARTY B

 

3.1
Authorization. Party B has full power, legal capacity and authority to enter into this Agreement, to execute all attendant
documents and instruments necessary to consummate the transaction herein contemplated, to purchase and acquire the Common Shares
from APOLO and to perform all obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of Party
B and this Agreement is enforceable with respect to Party B, in accordance with its terms.

 

3.2
Information Regarding this Agreement and the Company. Party B has obtained such information regarding the financial position
and prospects of APOLO, as Party B considers necessary or appropriate for the purpose of purchasing and acquiring the Common Shares
from Party A pursuant to this Agreement.

 

3.3
Compliance with Securities Laws.

 

(a)
No formal or informal investigation or examination by the Commission or by the securities administrator or legal authority of
any state or jurisdiction within or outside of the United States, Canada, China or the British Virgin Islands, is pending or threatened
against Party B or the assets.

 

(b)
Neither Party B nor its officers or owners have been convicted of any felony or misdemeanor in connection with the sale or purchase
of any security or involving the making of any false filing with in any jurisdiction.

 

(c)
Party B is not subject to any order, judgment or decree of any court of competent jurisdiction temporarily, preliminarily or permanently
restraining or enjoining them from engaging in or continuing any conduct or practice in connection with the sale or purchase of
any security or involving the making of any false filing with in any jurisdiction.

 

3.4
Disclosure of Transference of Control of Shares

 

(a)
Party B understands and accepts that certain legal and regulatory filings and disclosures will be required in order to properly
and legally execute the transfer of control of the shares and assets. Such filings and disclosures may include, but not be limited
to the filing of a Schedule 14C Information Statement pursuant to Section 14(c) of the Securities Exchange Act of 1934 or a Form
8-K with the United States Securities and Exchange Commission,

 

    	Page 3 of 6

    	 

    

 

(b)
Party B will assist fully in the preparation and filing of all such required filings in order to fully insure that all required
filings are executed and filed properly and in a timely manner.

 

3.5
Party B warrants that they shall deliver to APOLO all of its rights, titles and interests in the 3 claims of the company and the
assets and all attendant or related assets, including, but not limited to: proprietary intellectual property, maps, documents,
deeds, files, titles, patents, know-how and good-will, together with any other item, assets, products, files, records, documents,
signatures, interests or rights pertaining to or relating to the Assets in keeping with the intentions and the spirit of this
Agreement.

 

3.6
Party B warrants that all translations in English of all documents, as required by the US Securities Act shall be accurate legal
translations and that any discrepancy between the original documentation and the English translation, the English translation
shall take precedence.

 

ARTICLE
IV 

MISCELLANEOUS
PROVISIONS

 

4.1
Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the Parties hereto, and the heirs
and personal representatives of each of them, but shall not confer, expressly or by implication, any rights or remedies upon any
other party.

 

4.2
Confidentiality. The Parties agree that the terms and conditions of this agreement shall be kept strictly confidential
and shall not reveal or divulge to any third party or entities other than for regulatory filings or tax purposes and/or pursuant
to a court order. The parties further agree that any dissemination of this agreement shall not be made without prior written consent
of the other party.

 

4.3
Governing Law. This Agreement is made and shall be governed in all respects, including validity, interpretation and effect,
by the laws of Hong Kong.

 

4.4
Shares to Be Held In Escrow. The Parties agree that all shares issued, pursuant to the terms and conditions of this agreement,
shall be issued as soon as practicable following the signing of this agreement, but all shares so issued SHALL BE HELD IN ESCROW
and shall be deemed to be in the full control of the issuing party until the Closing.

 

4.5
Notices. All notices, requests or demands and other communications hereunder must be in writing and shall be deemed to
have been duly made if personally delivered or mailed, postage prepaid, to the parties as follows:

 

(a)
If to APOLO, APOLO GOLD & ENERGY ASIA LIMITED, 9th floor, Kam Chung Commercial Bldg, 19-21 Hennessy Road, Wanchai, Hong Kong.

 

(b)
If to YINFU, Element Resources International Limited /Yinfu Gold Corporation ,2611, 26th floor, Office Tower, Langham Place, 8
Argyle Street, Kowloon, Hong Kong.

 

Either
party hereto may change its address by written notice to the other party given in accordance with this Section 4.5.

 

    	Page 4 of 6

    	 

    

 

4.6
Entire Agreement. This Agreement contains the entire agreement between the Parties and supersedes all prior agreements,
understandings and writings between the Parties with respect to the subject matter hereof. Each party hereto acknowledges that
no representations, inducements, promises or agreements, verbal or otherwise, have been made by either party, or anyone acting
with authority on behalf of either party, which are not embodied herein, and that no other agreement, statement or promise may
be relied upon or shall be valid or binding. Neither this Agreement nor any term hereof may be changed, waived, discharged or
terminated verbally. This Agreement may be amended or any term hereof may be changed, waived, discharged or terminated by an agreement
in writing signed by each of the parties hereto.

 

4.7
Captions and Headings. The article and section 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.

 

4.8
Attorneys’ Fees. In the event of any litigation between the parties hereto, the non-prevailing party shall pay the
reasonable expenses, including the attorneys’ fees, of the prevailing party in connection therewith.

 

IN
WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day and year first above written.

 

	ON
                                                                                                    BEHALF OF

        APOLO
        GOLD & ENERGY ASIA LIMITED :
	 	 
	 	 	 
	/s/
    Kelvin Chak 	 	 
	Designated
                                                                                                    Signing Authority

        Kelvin
        Chak

        President,
        CEO
	 	 
	 	 	 
	ON
                                                                                                    BEHALF OF

        ELEMENT
        RESOURCES INTERNATIONAL LTD,
	 	 
	 	 	 
	/s/
    Lai Qionglin	 	/s/
    Tsap Wai Ping
	Lai
    Qionglin Director	 	Tsap
    Wai Ping, President

 

    	Page 5 of 6

    	 

    

 

APPENDIX
A

 

List
of Assets

 

ON
BEHALF OF

ELEMENT
RESOURCES INTERNATIONAL LTD.

 

	/s/
    Lai Qionglin	 
	Lai
    Qionglin 

Director	 

 

    	Page 6 of 6Exhibit10.26WTaylorOfferLetter

	
			
	
	 
	

16100 S. Lathrop Ave.
Harvey, IL  60426

	OFFICE / 708-225-2180 
WEB / Atkore.com

January 24, 2013
Bill Taylor 
8 Golden Poppy Drive 
Coto de Caza, CA 92679
Re: Offer of Employment
Dear Bill:
Atkore International is pleased to offer you the position of President, Allied Tube & Conduit based in Harvey, Illinois. We believe your experience and talent will enhance our business and provide us with support in an area of strategic importance
Our formal employment offer consists of the following, and if accepted, we would like you to start work on February 4, 2013 or another date mutually agreed upon as soon as practical.
Compensation  
You will receive a starting bi-weekly salary of $14,423, which is equivalent to $375,000 annually. Your compensation and job performance will be reviewed on an periodic basis and may be adjusted based on your performance and overall performance of the Company.
Annual Incentive Program (AIP) 
You will be eligible to participate in Atkore’s Annual Incentive Plan (“AIP”) with a target bonus equal to 50% of your base salary.  Payment of this bonus is subject to the satisfactory achievement of individual, business and corporate objectives established by the Company and will be prorated based on time worked in FY2013.
Long-Term Incentive Plan (LTIP)
You will be eligible to participate in Atkore’s Long-Term Incentive (LTI) plan.  The LTI plan is generally consistent with a typical stock option program, the details of which are specifically outlined in and controlled by the plan document.  That plan document is subject to Board approved modifications from time to time.  
The Atkore LTI plan does have some unique characteristics some of which include requiring you to purchase shares in Atkore and in turn providing you matching stock options. The plan also includes a one-time stock option grant.
You will be asked to purchase a minimum of $150,000 and a maximum of $300,000 worth of shares which are expected to be valued at $10 per share. You will be awarded matching stock options equal to three times the number of shares you purchase.

Also, within 30 dates of starting your employment with the Company, you will also receive a one-time stock option grant consisting of 180,000 stock options again with an expected strike price of $10 per option.
Other pertinent aspects of the LTIP include:
		
	•
	The stock option grant vests 20% per year over 5 years;

		
	•
	The strike price is based on the current value per share which is determined every six months by the Board of Directors based on external valuation factors;

		
	•
	The value of each stock option is the ultimate selling price less the strike price;

		
	•
	These stock options are generally only exercisable upon a liquidity event which generally can be described as an initial public offering (IPO) or other change in control.  

Medical and Dental 
You will be eligible to participate in the Company’s medical and/or dental plan, on a contributory basis, after completion of 30 days of service. All benefit programs are reviewed annually and changes in plan design and/or employee contributions may be made at the discretion of the Company. Your contribution schedule, should you choose to participate in these plans, is included in the new hire packet being sent to your home. Upon commencement of your employment, you will receive more information on your initial benefits enrollment. In addition to the medical and dental plans outlined above, you are also eligible for reimbursement of your medical and dental costs through COBRA under your current employer’s plans during your first 30 days of employment.
Commuting Stipend
It is understood that you will maintain your primary residence in California and you will make yourself available in Harvey, Illinois or any other location as deemed necessary for the proper execution of your duties as Allied President. Generally speaking, this will require travel 75% to 85% of each working month.
You will be eligible for annual stipend of up to $50,000 to be used as reimbursement for expenses related to commuting and local housing expenses in or around Chicago. You will be required to provide documentation of expenses and if practical, a standard recurring reimbursement schedule will be agreed upon for ease of administration and personal cash flow management.
Atkore Retirement Savings and Investment 401(K) Plan 
You will be eligible to participate in the Atkore Retirement Savings and Investment Plan effective the first pay period after your date of hire. This plan provides for retirement savings through pre-tax payroll contributions and a 50% company match is contributed on the first 6% of employee contributions. There is an automatic enrollment of 2% that you can change at any time.
Reporting Relationship 
You will report directly to John Williamson, President and CEO of Atkore International. 
Holidays 
You will observe the holiday schedule in effect for Allied employees located at the Harvey facility. A copy of the 2011 and 2012 holiday schedule is included in your offer packet.
Vacation 
You will receive four (4) weeks of paid accrue vacation per year effective with your start date. Vacation time is accrues on a monthly basis in accordance with the Vacation Policy included in your offer packet. 

Other Benefit Programs 
Please refer to the enclosed Benefits Overview for additional 2012 benefits for which you are eligible.
Consistent with our commitment to a drug/alcohol-free workplace, this offer is contingent upon the successful completion of both a background check, physical exam and a drug screen. Angie Alfaro will contact you to arrange for your physical exam and drug screening. You can contact me at (708) 225-2055, if you have any questions.
Also enclosed is a copy of the Guide to Ethical Conduct. Please read the guide carefully. As a condition of accepting our offer, you must sign the signature sheet at the end of the Guide indicating that you have read, understood and agree to comply with the ethical standards required of all employees. 
Please understand that this letter is a confirmation of an offer of employment and does not constitute an employment contract of any kind. Your employment with the Company is “at-will” and either you or the Company may terminate the employment relationships at any time and for any lawful reason. 
Please provide your decision by signing and returning a copy of the offer letter to Kevin Fitzpatrick at the Atkore International address above or email a signed copy to Kfitzpatrick@atkore.com by no later than close of business on Monday January 28, 2013. The terms of this offer may be altered or rescinded by Atkore if you do not respond by close of business on that day. 
I look forward to you favorable response and you joining the Atkore Team. 
Sincerely,
/s/ John Williamson
___________________________________ 
John WilliamsonPresident and CEO, Atkore International
Please sign below indicating your acceptance of this offer.
 
/w/ William E. Taylor 
___________________________________
William E. Taylor                Date        
Employees have the right to terminate their employment at any time with or without cause or notice, and the Company reserves for itself an equal right. We both agree that any dispute arising with respect to your employment, the termination of that employment, or a breach of any covenant of good faith and fair dealing related to your employment, shall be settled exclusively through arbitration. This document sets forth the entire agreement with respect to your employment. The terms of this offer may be changed by written agreement, although the Company may from time to time, in its sole discretion, adjust the salaries and benefits paid to you and its other employees.
cc: Kevin P. Fitzpatrick
Enclosures:

Atkore Guide to Ethical Conduct
Atkore 2013 Benefits Enrollment Guide
CY2013 Employee Contributions for Heathcare Plans
Vacation Policy
Holiday Schedule
Retirement savings and Investment Plan Summary
Drug Screening Instructions

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