Document:

EXHIBIT 10.4 - AGREEMENT OF BUSINESS COMBINATION BY EXCHANGE
OF ASSETS FOR STOCK BETWEEN THE AUXER GROUP, INC. AND ERNEST
DESAYE, JR. DOING BUSINESS AS HARDYSTON DISTRIBUTORS
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         AGREEMENT OF BUSINESS COMBINATION
              BY EXCHANGE OF ASSETS FOR
                       STOCK
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     AGREEMENT dated this 22 day of April, 1999, by and
between THE AUXER COUP, INC., a corporation having its
principal place of business at 30 Galesi Drive, Suite 304,
Wayne, New ,jersey 07470 ("PURCHASER"), and Mr. Ernest
DeSaye, Jr., doing business as Hardyston Distributors,
having
his principal place of business at 22-B Lasinski Road,
Franklin, NJ 07416 (the "COMPANY").
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                 W I T N E S S E T H
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WHEREAS, The COMPANY is desirous of exchanging all or
substantially all of its assets; and
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WHEREAS,  PURCHASER is desirous of acquiring all of the
assets of the Company; and,
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WHEREAS, the PURCHASER wishes to employ Mr. Ernest R.
DeSaye,
Jr. ("Employee"); and,
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WHEREAS, Employee wishes to be employed by the PURCHASER;
and,
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WHEREAS, PURCHASER is a holding company which is publicly
held and which owns automotive related products; and,
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WHEREAS, the COMPANY is an automotive distributor in
Northwest New Jersey;
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IT IS NOW THEREFORE AGREED that in consideration of the
mutual covenants and agreements hereinafter set forth, the
parties hereto agree as follows:
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     1.Exchange of Assets.
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     1.1 Subject to the terms and conditions of this
Agreement and the performance by the parties hereto of their
respective obligations hereunder, then Company shall
exchange, transfer, convey, assign and deliver to PURCHASER,
and PURCHASER shall receive, acquire and accept on the
Closing Date (as such term is hereinafter defined) all of
the right, title and interest of the Company, including all
aspects to the business, assets, goodwill, and rights of
Company as shall exist on the Closing Date, including,
without limitation, inventory, accounts receivable,
goodwill, rights in tradenames, trademarks and copyrights,
all rights relating to or arising out of the business
conducted by the Company under express or implied warranty
(as from the suppliers of the Company with respect to the
Assets being transferred to PURCHASER), all books and
records, correspondence, employment records and files of or
relating to the business or Assets of the Company being
exchanged with PURCHASER and all of the Company's right,
title and interest in and to each lease, contract,
agreement, purchase order or commitment to which the Company
is a party or in which the Company has rights, (all of such
assets are collectively referred to hereinafter as the
"Assets"), free and clear of all liabilities, obligations,
liens and encumbrances, except as expressly assumed by
PURCHASER under Section 2 below.
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     1.2 The transfer of the Assets as herein provided shall
be effected by bills of sale, endorsements, assignments,
drafts, checks, deeds and other instruments of transfer and
conveyance delivered to PURCHASER on the Closing Date in
form sufficient to transfer the Assets as contemplated by
this agreement and as shall be reasonably requested by
PURCHASER.  Company covenants that (i) it will, at any time
and from time to time after the Closing Date, execute and
deliver such other instruments of transfer and conveyance
and do all such further acts and things as may be reasonably
requested by PURCHASER to transfer and deliver to PURCHASER
or to aid and assist PURCHASER in collecting and reducing to
possession, any and all of the Assets; (ii) PURCHASER, after
the Closing Date, shall have the right and authority to
collect, for the account of PURCHASER, all checks, notes and
other evidences of indebtedness or obligations to make
payment of money and other items which shall be transferred
to PURCHASER as provided herein and to endorse with the name
of Company any such checks, notes or other instruments
received after the Closing Date; and (iii) Company will
transfer and deliver to PURCHASER any cash or other property
that Company may receive after the Closing Date in respect
of or arising out of the business conducted by Company.
After the Closing Date, at reasonable times and upon
reasonable notice, Company shall have access to the books
and records conveyed to PURCHASER hereunder, and PURCHASER
shall have access to any minute books, stock books and
similar corporate records retained by Company.
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     1.3 Company covenants that between the date hereof and
the Closing Date and, if reasonably requested by PURCHASER,
after the Closing Date, Company shall use its best efforts
to obtain the consent of any parties to any contracts,
licenses, leases, commitments, sales orders, purchase orders
or other agreements being assigned by Company to PURCHASER
hereunder as shall be reasonably requested by PURCHASER. If
any such required consent is not obtained, this agreement
shall not constitute an agreement to assign the instrument
relating thereto, however Company shall cooperate with
PURCHASER in any reasonable arrangement to provide for
PURCHASER the benefits under any such contract, license,
lease, commitment, sales order, purchase order or other
agreement, including enforcement, at the cost and for the
benefit of PURCHASER, of any and all rights of Company
against the other party thereto arising out of the breach or
cancellation by such party or otherwise.
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     2. Assumption of Liabilities. PURCHASER shall assume no
liabilities of Company, except as specified in the list of
liabilities which is attached hereto as Exhibit II.

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     3. Closing. The Closing hereunder (the "Closing") shall
take place on or about the 8th day of April, 1999 at the
offices of Roger L. Fidler, Esq. 400 Grove street, Glen
Rock, New Jersey 07452 or at such other time and place as
may be agreed by PURCHASER and the Company (the "Closing
Date").
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     4.Exchange Terms; Allocation.
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     4.1 In consideration of the exchange and transfer of
the Assets herein contemplated, on the Closing Date,
PURCHASER shall deliver at Closing to Employee the sum of
five thousand dollars ($5,000.00) in cash. Certificates for
shares of said PURCHASER'S common stock shall be issued to
Employee not later than 90 days after closing. The number of
these shares shall be equal to the value of the assets less
$15,000 divided by the average of the bid and asked price on
the day before the Closing. The value of the assets shall be
determined by taking the sum of the cost of inventory, plus
the collectable value of the accounts receivable, plus the
fair market value of the equipment and rolling stock
multiplied by 1.05. No other factors shall be taken into
account when calculating the value of the assets for the
purpose of this Agreement. In addition, Employee shall
receive two additional payments of $5,000.00 each to be paid
60 and 120 days after the date of Closing. Employee shall
also execute at Closing, the attached Employment Agreement.
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     4.2 On the date of Closing, PURCHASER represents that
in addition to the above mentioned shares to be delivered to
Employee, there shall remain outstanding, in addition
thereto, only the following shares held by other
shareholders, to wit:
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     Fifty Five Million (55,000,000).
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     5.Representations and Warranties of Company. Company
hereby represents and warrants as follows:
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     5.1 Company is a sole proprietorship operating under the
name of Hardyston Distributors under the laws of the
State of New Jersey and has full power and authority to own
its properties and carry on its business as and in the
places where such properties are now owned or such business
is now being conducted. on or before closing Company shall
establish to the satisfaction of PURCHASER that it has title
to the Assets and authority to convey the same in accordance
with the terms of this Agreement. Complete and correct
copies of such documents as the PURCHASER may demand will be
turned over prior to Closing. The Company is duly qualified
to do business and is in good standing in all jurisdictions
in which such qualification is necessary because of the
character of the properties owned by it or the nature of its
activities. Company has taken no action and has not failed
to take any action, which action or failure would preclude
or prevent Company from conducting the business of Company
in the manner heretofore conducted.
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     5.2 Company has no subsidiaries.
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     5.3 Company is solely owned by the Employee.
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     5.4 Employee has full power and authority, corporate
and otherwise, to enter into this agreement on behalf of
Company and to cause Company to assume and perform its, his
or her obligations hereunder. The execution and delivery of
this agreement and the performance by Company of its
obligations hereunder have been duly authorized by the Board
of Directors of Company, if any, and no further action or
approval, corporate or otherwise, is required in order to
constitute this agreement as a binding and enforceable
obligation of Company. The execution and delivery of this
agreement and the performance by Company of its obligations
hereunder do not and will not violate any provision of, nor
conflict with or result in any breach of any condition or
provision of, or constitute a default under, or result in
the creation or imposition of any lien, charge or
encumbrance upon any of the Assets by reason of the terms of
any contract, mortgage, lien, lease, agreement indenture,
instrument, judgment or decree to which Company is a party
or which is or purports to be binding upon Company or which
affects or purports to affect any of the Assets.
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     5.4 No action, approval, consent or authorization,
including but not limited to any action, approval, consent
or authorization by any governmental or quasi-governmental
agency, commission, board, bureau or instrumentality is
necessary as to Company in order to constitute this
agreement as a binding and enforceable obligation of Company
in accordance with its terms.
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     5.5 Company has not incurred any obligation or
liability (absolute or contingent, liquidated or
unliquidated, choate or inchoate) except current obligations
and liabilities incurred in the ordinary course of their
businesses which would act as a lien against the Assets.
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     5.6 Company has not leased or effected any transfer of
any of the Assets;
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     6. Representations and Warranties of PURCHASER.
PURCHASER hereby represents and warrants that on the closing
date all of the following will be true:
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     6.1 PURCHASER is a corporation duly organized, validly
existing and in good standing under the laws of the state of
Delaware. PURCHASER is not conducting any business in any
location. Complete and correct copies of the Certificate of
incorporation of Company and all amendments thereto,
certified in each case by the Secretary of State of the
State of Delaware, and of the By-Laws of PURCHASER, and all
amendments thereto, certified by the Secretary of PURCHASER,
have been or will be delivered to Company on or prior to the
Closing Date by PURCHASER. PURCHASER will present at closing
a certificate of good standing for the State of Delaware.
PURCHASER has taken no action and has not failed to take any
action, which action or failure would preclude or prevent
Company from conducting the business of Company in the
manner heretofore conducted.  PURCHASER is approved for
trading in the over-the-counter market with not less than
two market makers.
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     6.2 PURCHASER has subsidiaries.
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     6.3 PURCHASER has no authorized or outstanding
securities other than its common stock, x.0001 par value per
share (the "Common Stock"), which consists of 80,000,000
authorized shares of which not more than 55,000,000 shares
are currently outstanding. All outstanding Common stock is
duly authorized, validly issued, fully-paid and
non-assessable (except for such statutory and constitutional
obligations as may be imposed notwithstanding full payment
for and valid issuance of such shares), and there are no
presently issued or outstanding securities of PURCHASER
convertible into common stock nor are there any outstanding
options, warrants, agreements, rights or commitments of any
kind relating to the authorized but unissued Common Stock.
All transfer taxes, if any, with respect to transfers of
securities of PURCHASER made prior to the date hereof have
been paid. All of the common stock is owned, both
beneficially and of record, free of any security interests,
liens, pledges, claims, charges, escrows encumbrances,
options, rights of first refusal, mortgages, indentures,
security agreements or other contracts (whether or not
relating in any way to credit or the borrowing of money) and
the designated owner thereof has the unrestricted right to
vote such Common Stock. PURCHASER also has authorized shares
of Preferred Stock having a par value of $.001 per share,
none of which are issued and/or outstanding.
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     6.4 PURCHASER' s Board of Director's will recommend to
certain controlling shareholders, as soon as practicable
after receipt of Company's certified financial statements,
approval of the transaction contemplated herein and obtain
written consent to take such acts and actions as may be
deemed necessary or advisable by counsel to Company to fully
empower PURCHASER and its Board of Directors to enter into
and consummate this transaction.
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     6.5 PURCHASER has full power and authority, corporate
and otherwise, to enter into this agreement and to assume
and perform its, his or her obligations hereunder. The
execution and delivery of this agreement and the performance
by PURCHASER of its obligations hereunder have been duly
authorized by the Board of Directors of PURCHASER and no
further action or approval, except shareholder approval,
corporate or otherwise, is required in order to constitute
this agreement as a binding and enforceable obligation of
PURCHASER. The execution and delivery of this agreement and
the performance by PURCHASER of its obligations hereunder do
not and will not violate any provision of the Certificate of
incorporation or By-Laws of PURCHASER and do not and will
not conflict with or result in any breach of any condition
or provision of, or constitute a default under, or result in
the creation or imposition of any lien, charge or
encumbrance upon.any of its assets by reason of the terms of
any contract, mortgage, lien, lease, agreement indenture,
instrument, judgment or decree to which PURCHASER is a party
or which is or purports to be binding upon Company or which
affects its assets.
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     6.6 No action, approval, consent or authorization,
including but not limited to any action, approval, consent
or authorization by any governmental or quasi-governmental
agency, commission, board, bureau or instrumentality is
necessary as to PURCHASER in order to constitute this
agreement as a binding and enforceable obligation of
PURCHASER in accordance with its terms.
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     6.7 PURCHASER has not during the last 30 days, except
as may be required to satisfy the terms of this Agreement:
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     6.7.1 authorized, issued, sold or converted any
securities, or entered into any agreement with respect
thereto;
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     6.7.2 declared, set aside or made any dividend or other
distribution or purchased, redeemed or reclassified any of
their capital stock or effected any stock split, stock
dividend, exchange or recapitalization or entered into any
agreement in respect of the foregoing;
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     6.7.3 incurred any damage, destruction or similar loss,
whether or not covered by insurance, materially affecting
their businesses or. properties;
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     6.7.4 sold, assigned or transferred- any of their
tangible assets or any patent, trademark, trade name,
copyright, license, franchise, design or other intangible
assets or properties;
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     6.7.5 mortgaged, pledged, granted or suffered to exist
any lien or other encumbrance or charge on any of their
assets or properties, tangible or intangible;
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     6.7.6 waived any rights of material value or canceled,
discharged, satisfied or paid any material debts or claims;
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     6.7:7 incurred any obligation or liability (absolute or
contingent, liquidated or unliquidated, choate or inchoate);
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     6.7.8 leased or effected any transfer of any of their
assets or properties;
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     6.7.9 entered into, made any amendment of or terminated
any lease, material contract or license;
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     6.7.10 amended its Certificate of Incorporation or
By-Laws;
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     6.7.11 effected any change in their accounting
practices, procedures or methods;
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     6.7.12 became obligated to make any payment to any
shareholder of PURCHASER in any capacity, or entered into
any transaction of any nature with any shareholder of
PURCHASER in any capacity;
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     6.7.13 increased the compensation payable to any of
their directors, officers or employees or became obligated
to increase any such compensation;
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     6.7.14 entered into any transaction other than in the
ordinary course of business, or changed in any way any of
their business policies or practices.
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     6.8 PURCHASER is not a party to or has any contract or
commitment of any kind or nature whatsoever, written or
oral, formal or informal, including, without limitation, any
lease, license, franchise, employment, maintenance,
consultant or commission agreement, pension, profit-sharing,
bonus, stock purchase, stock option, retirement, severance,
hospitalization, accident, insurance or-other plan or
arrangement involving employee benefits, contract with any
labor union or contract for services, materials, supplies,
merchandise, inventory or equipment, for the sale or
purchase of any of its services, products or assets, for the
borrowing of money or for a line or letter of credit, with
any current or former director, officer or employee of
PURCHASER which will be in effect on the Closing Date, with
any government or agency thereof, pursuant to which its
right to compete with any entity or person in the conduct of
its business is restrained or restricted for any reason or
in any way, guaranteeing the performance, liabilities or
obligations of any Entity or person, for capital
improvements or expenditures or with any contractor or
subcontractor for in excess of $100.00, for charitable
contributions aggregating in excess of $100.00, or involving
in excess of ;100.00 in cash over its term (including any
periods covered by any options to renew by any party).
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     6.9. PURCHASER has no liabilities except as shown on
its financial statements, no contracts or other obligations
whatsoever including any contingent liabilities.
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     7. Financial Statements and Form 10.
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     Company shall deliver to PURCHASER, on or before the
Closing Date, sufficient financial information in a form
acceptable to the United States Securities and Exchange
Commission for consolidation with PURCHASER'S financial
statements and will be in compliance with generally accepted
accounting principles and Regulation SX promulgated under
the Securities Act of 1933, as amended, and as it applies to
corporations which have registered securities upon Form 10 or
Form 10SB under the 1934 Securities Exchange Act. After
closing, the new management represents that it will promptly
update Company's Form 10-SE and timely file the same and all
other forms required by the United States Securities and
Exchange Commission.
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     8.Miscellaneous.
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     a)This Agreement shall constitute the entire agreement
of the parties hereto and may not be amended, except by
written consent of the parties hereto in writing executed by
them.
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     b) This Agreement shall be construed according to the
laws of the State of New Jersey and shall be enforceable in
any court of competent jurisdiction located therein.
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     c) This Agreement shall inure to the benefit of the
parties and their successors in interest, if any, but shall
not otherwise be assignable.
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     d) Where in this Agreement one gender or the other is
used, of the singular or the plural is used, and if to
effect the intent of the parties hereto the use of the other
gender or number is needed then it is understood that such
gender or both or such number or both is implied.
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     e) This Agreement may be executed in counterparts and
receipt-of facsimile transmission of signatures shall be
sufficient to effect acceptance of this Agreement, although
the parties hereto agree to submit within a reasonable time
duplicate original signed copies of this Agreement to each
other.
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     9.  Indemnification.
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     Each party to this Agreement shall indemnify and hold
harmless each other party at all times after the date of
closing against and in respect of any liability, damage or
deficiency, all actions, suits, proceedings, demands,
assessments, judgments, costs and expenses, including
attorney's fees incident to any of the foregoing, resulting
from any misrepresentation, breach of covenant or warranty
for non-fulfillment of any agreement on the part of such
party under this Agreement, or from any misrepresentation in
or omission from any certificate furnished or to be
furnished to a party hereunder. Subject to the terms of this
Agreement, the defaulting party shall reimburse the other
party or parties on demand for any reasonable payments made
by said parties at any time after the date of closing, in
respect to any liability or claim to which the foregoing
indemnity relates, if such payment is made after reasonable
notice to the other party to defend or satisfy the same, and
such party failed to defend or satisfy the same.
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     10.Covenant Not to Disclose.
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     (a) I shall not at any time during or after the
termination of my employment by Company reveal, divulge, or
make known to any person (other than Company or its
Affiliates) or use for my own account any confidential
information used by Company or any of its Affiliates during
my employment by Company before and during the term of this
Agreement and made known to me by reason of my employment by
Company. I shall retain all such knowledge and information
which I may acquire during my employment by Company in trust
for the sole benefit of Company and its Affiliates and their
successors and assigns.
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     (b) As used in this Agreement, the term "Affiliate"
shall mean any corporation, company, partnership or other
person or entity that directly or indirectly through one or
more intermediaries, controls or is controlled by or is
under common control with the person of which such
corporation, company, partnership or other person or entity
is an affiliate.
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     11. Brokers. No brokers have been utilized in
connection with this transaction. PURCHASER shall not be
liable for the payment of any finder's or consultant's fees
except as specifically provided herein.
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IN WITNESS WHEREOF THE PARTIES HERETO, CORPORATE PARTIES
HAVING BEEN DULY AUTHORIZED BY THEIR RESPECTIVE BOARDS OF
DIRECTORS, HAVE SET THEIR HANDS AND SEALS ON THE DATE FIRST
ABOVE WRITTEN.
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   THE AUXER GROUP, INC.
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   By:  (s) Eugene Chiaramonte   By:  (s) Ernest DeSaye
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            Eugene Chiaramonte, Jr.    Ernest R. DeSaye, Jr.
            PRESIDENT                  d/b/a Hardyston
                                       DistributorEXHIBIT 10.5 - AGREEMENT AND PLAN OF ACQUISITION BETWEEN
AUXER INDUSTRIES, INC. AND UNIVERSAL FILTRATION INDUSTRIES,
INC.
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     This agreement and plan of acquisition (the
"Agreement") dated December 20, 1996, by and between
Universal Filtration\ Industries, Inc.., a New York
corporation, the address of which is 16 Grace Lane, East
Norwich, New York 11732, ("Universal Filtration"), and Auxer
Industries, Inc., a Idaho corporation, the address of which
is 230 Dayton Street, Ridgewood, New Jersey 07450 ("Auxer"
or the "Acquiring Corporation") [Universal Filtration and
Auxer being herein sometimes called the "Parties" or
"Constituent Corporations"].
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WHEREAS, the Parties orally agreed on February 10, 1996,
that Auxer would exchange shares of its common stock for all
the issued and outstanding capital stock of Universal
Filtration; and
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WHEREAS, the Parties entered into an agreement dated August
7, 1996 embodying the oral understandings; and
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WHEREAS, the Parties have agreed to modify the agreement
because certain representations of Universal relating to
revenue and profitability projections have not been met;
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WHEREAS, the Parties desire to enter into a new restated
written document which will replace any and all prior oral
and written understandings between the Parties.
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NOW THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE
UNDERTAKINGS HEREINAFTER STATED, THE PARTIES AGREE AS
FOLLOWS:
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I. ACQUIRING CORPORATION; CERTIFICATE OF INCORPORATION AND
BY-LAWS; BOARD OF DIRECTORS; OFFICERS.
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1.01     Acquiring Corporation.
The corporation which shall be the acquiring corporation is
Auxer.
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1.02     Certificate of Incorporation and By-laws.
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The certificate of incorporation, as amended, and the
by-laws of Auxer as contained in Attachment "A" are in
effect at the date of the Agreement are the certificate of
incorporation and the by-laws of the Acquiring Corporation
until they are amended.
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1.03 Board of Directors. From the date of the Agreement
until December 31, 1999, the Auxer board of directors shall
consist of not more than three directors.
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        II. STATUS AND CONVERSION OF SECURITIES
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2.01 Shares of Universal Filtration
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(a)     Universal Filtration Common Stock. All the shares of
the common stock of Universal Filtration ("Universal
Filtration Shares") shall be converted into and exchanged
for 1,000,000 shares of common stock, ("Auxer Shares") of
Auxer ("Auxer Common Stock") valued at $.05 per share.
Certificates representing 1,000,000 Auxer Shares shall be
immediately delivered to the shareholders of Universal
Filtration.
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(b)     Surrender and Exchange of Universal Filtration
Shares. Subject to the provisions of Paragraphs 2.01(b) and
(c), each holder of an outstanding certificate or
certificates (the "Old Certificates") therefore representing
Universal Filtration Shares ("Universal Filtration
Shareholder"), upon surrender thereof shall receive in
exchange therefore a certificate or certificates (the "New
Certificates") representing the number of whole Auxer Shares
into and for which the Universal Filtration Shares therefore
represented by such surrendered Old Certificates have been
converted. There are no dividends due to holders of
Universal Filtration Shares. Filtration shall provide
written instructions to Auxer indicating the number of
Auxer Shares and to be issued to each Universal Filtration
Shareholder. Shares not surrendered shall be marked
as canceled on the stock registry of the Company.
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(c)     "Current Market Price Per Share" of one share of
Auxer Common Stock shall be the average closing price of the
shares of the NASD Electronic Bulletin Board for the five
trading days preceding the date of the Agreement.
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(d)     "Value Per Share" of one share of Auxer Common Stock
shall be S.05 per share.
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(e)     No certificates or scrip for fractional Auxer Shares
will be issued and no payment will be made in respect
thereof.  Any fractional shares which result shall be
rounded up to the nearest whole Auxer Share. If more than
one certificate representing Universal Filtration Shares
shall be surrendered for the account of the same
Shareholder, the number of full Auxer Shares for which
certificates shall be delivered to a Shareholder shall be
computed on the basis of the aggregate number of shares
represented by the certificates surrendered by that
Shareholder.
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                   III. COVENANTS
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3.01 Covenants of Auxer
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Auxer covenants, that:
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(a)     Certificate of Incorporation. No amendment, change
of state of incorporation or other change has been made in
the certificate of incorporation of Auxer as attached to the
Agreement.
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(b)     Securities. There are 7,192,929 Shares outstanding.
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(c)     Dividends and Purchases of Stock. No dividend,
distribution or stock split or recapitalization has been
authorized, declared, paid or effected by Auxer in respect
of the outstanding Auxer Shares.
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(d)     Borrowing Money. Auxer has not borrowed, guaranteed
the borrowing of money, engaged in any transaction or
entered into any material agreement, except in the ordinary
course of business.
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(e)     Access. Auxer has afforded the officers, directors,
employees, counsel, agents, investment bankers, accountants
and other representatives of Universal Filtration free and
full access to the properties, books and records of Auxer,
has permitted them to make extracts from and copies of such
books and records and has furnished Universal Filtration
with such additional financial and operating data and other
information as to the financial condition, results or
operations, business, properties, assets, liabilities or
future prospects of Auxer as Universal Filtration from time
to time has requested.
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(f)     Confidentiality. Auxer insures that, for a period of
six months from the date of the Agreement, all confidential
information which Auxer or any of its officers, directors,
employees, counsel, agents, investment bankers, or
accountants may now possess or create or obtain relating to
the financial condition, results of operations, business
properties, assets, liabilities, or future prospects of
Universal Filtration, any affiliate or any customer or
supplier of Universal Filtration shall not be published,
disclosed, or made accessible to any other person or entity
at any time or used in the business and for the benefit of
Auxer in each case without the prior consent of Ronald
Michael Shaver, President, subject to paragraphs 3.01 (g)
and (h).
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(g)     Public Statements. Before Auxer releases any
information concerning the Agreement, or any of the other
transactions contemplated by the Agreement which is intended
for or may result in public dissemination thereof, Auxer,
for a period of six months from the date of the Agreement,
shall cooperate with Universal Filtration, shall furnish
drafts of all documents or proposed oral statements to
Universal Filtration for comments, and shall not release
any such information without the written consent of Universal
Filtration. Nothing contained herein shall prevent Auxer
from releasing any information if required to do so by
federal or state securities law.
<P>
(h)     Material for Registration Statement. Auxer
represents that the filings to be made by it with the
Securities and Exchange Commission ("SEC") will be prepared
in accordance with the then existing requirements of the
Securities Act of 1933 (the "Securities Act"), and the rules
and regulations thereunder. Auxer shall furnish or cause to
be furnished, for inclusion in any registration statement
required to be filed with the SEC covering the Acquisition,
information about Auxer or Auxer's security holders as may
be required and shall continue to famish or cause to be
furnished such information for the purposes of supplementing
any such proxy statement or amending any registration
statement.
<P>
(i)     Indemnification. Auxer agrees to indemnify and hold
harmless Universal Filtration and its present officers,
directors, employees, agents and counsel, and each person
who controls, controlled or will control Universal
Filtration within the meaning of Section 15 of the
Securities Act of Section 20(a) or the Securities Exchange
Act of 1934 (the "Exchange Act") and if the Acquisition is
abandoned or terminated, except solely as a result of a
breach of the Agreement by Universal Filtration, against any
and all losses, liabilities, claims, damages and expenses
whatsoever, including attorneys' fees and expenses, as and
when incurred arising out of, based upon or in connection
with any untrue statement or alleged untrue statement of a
material fact relating to and supplied by Auxer contained in
any post-effective registration statement, proxy statement
or any amendment or supplement thereto or any application or
other document or communication filed in any jurisdiction
under the "blue-sky," securities, or takeover laws thereof
or filed with the SEC. The foregoing agreement to indemnify
shall be in addition to any liability Auxer may otherwise
have, including liabilities arising under the Agreement.
<P>
3.02 Covenants of Universal Filtration From the Date of the
Agreement
<P>
(a)     Certificate of Incorporation and By-laws. No
amendment has been made in the certificate of incorporation
or by-laws of Universal Filtration other than as attached
hereto as Attachment "B".
<P>
(b)     Dividends and Purchases of Stock. No dividend,
distribution or stock split or recapitalization has been
authorized, declared, paid or effected by Universal
Filtration in respect of the outstanding Universal
Filtration Shares.
<P>
(c)     Borrowing Money. Universal Filtration has not
borrowed, guaranteed the borrowing of money, engaged in any
transaction or entered into any material agreement, except
in the ordinary course of business as disclosed in the
financial statements delivered to Auxer.
<P>
(d)     Access. Universal Filtration has afforded the
officers, directors, employees, counsel, agents, investment
bankers, accountants and other representatives of Auxer and
lenders, investors and prospective lenders and investors
free and full access to the properties, books and records of
Universal Filtration and has permitted them to make extracts
from and copies of such books and records, and will from
time to time furnish Auxer with such additional financial
and operating data and other information as to the financial
condition, results or operations, business, properties,
assets, liabilities or future prospects of Universal
Filtration as Auxer from time to time has requested.
Universal Filtration will cause the independent certified
public accountants of Universal Filtration to make available
to Auxer and its independent certified public accountants
all work papers relating to Universal Filtration referred to
herein.
<P>
(e)     Conduct of Business. Universal Filtration has used
reasonable efforts to preserve the business operations of
Universal Filtration intact, to keep available the services of
is present personnel, to preserve in full force and effect
the contracts, agreements, instruments, leases, licenses,
arrangements and understandings of Universal Filtration and
to preserve the good will to others having business
relations with it.
<P>
(f)     Advice of Changes. Universal Filtration has advised
Auxer of any fact or occurrence or any pending or threatened
occurrence of which it obtains knowledge and (i) which,
would make the performance by any party of a covenant
contained in the Agreement impossible or make such
performance materially more difficult than in the absence of
such fact or occurrence or (ii) which would cause a
condition to any party's obligation under the Agreement not
to be fully satisfied.
<P>
(g)     Confidentiality. Universal Filtration shall insure
that all confidential information which Universal Filtration
or any of its officers, directors, employees, counsel,
agents, investment bankers, or accountants may now possess
or may hereafter create or obtain relating to the financial
condition, results of operations, business properties,
assets, liabilities, or future prospects of Auxer, or any
affiliate shall not be published, disclosed, or made
accessible to any other person or entity at any time or used
in the business and for the benefit of Universal Filtration
in each case without the prior written consent of Auxer.
<P>
(i)     Public Statements. Before the present officers or
directors of Universal Filtration release any information
concerning the Agreement, or any of the other transactions
contemplated by the Agreement which is intended for or may
result in public dissemination thereof, they shall cooperate
with Auxer, shall famish drafts of all documents or proposed
oral statements to Auxer for comments, and shall not release
any such information without the written consent of Auxer.
Nothing contained herein shall prevent Universal Filtration
from releasing any information if required to do so by law.
<P>
(j)     Material for Registration Statement. Universal
Filtration shall furnish or cause to be furnished, for
inclusion in any proxy statement or post effective
registration statement required to be filed with the SEC
covering the Acquisition such information about Universal
Filtration or Universal Filtration's security holders as may
be required or may be reasonably requested by Auxer and
shall continue to famish or cause to be furnished such
information for the purposes of supplementing any such proxy
statement, or amending the post-effective registration
statement. Universal Filtration represents and warrants that
the information so supplied does not now, and will not at
any time contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein
or necessary to make the statements therein not false or
misleading.
<P>
(k)     Indemnification. Universal Filtration agrees to
indemnify and hold harmless Auxer and its officers,
directors, employees, agents and counsel, and each person
who controls, controlled or will control Universal
Filtration within the meaning of Section 15 of the
Securities Act of Section 20(a) of the Securities Exchange
Act and if the Acquisition is abandoned or terminated except
solely as a result of a breach of the Agreement by Auxer
against any and all losses, liabilities, claims, damages and
expenses whatsoever, including counsel's fees and expenses
as and when incurred arising out of, based upon or in
connection with any untrue statement or alleged untrue
statement of a material fact relating to and supplied by
Universal Filtration contained in any post-effective
registration statement, proxy statement or any amendment or
supplement thereto or any application or other document or
communication filed in any jurisdiction in order to qualify
the Auxer Shares to be issued in the Acquisition under the
"blue-sky," securities, or takeover laws thereof or filed
with the SEC. The foregoing agreement to indemnify shall be
in addition to any liability Universal Filtration may
otherwise have, including liabilities arising under the
Agreement.
<P>
(l)     Capitalization. Universal Filtration's capital
structure consists of 200 shares of common stock without par
value of which 200 shares are issued and outstanding. Each
outstanding share is validly authorized, validly issued,
fully paid and, nonassessable, has not been issued and is
not owned or held in violation of any preemptive right of
shareholders.
<P>
            V. REPRESENTATIONS AND WARRANTIES
<P>
     4.01 CERTAIN REPRESENTATIONS AND WARRANTIES OF AUXER
<P>
Auxer represents and warrants to Universal Filtration as
follows:
<P>
(a)     Organization and Qualification. Auxer is validly
existing and in good standing and has authority to own,
lease, license and use its properties and assets and to
carry on the business in which it is now engaged and will
continue to be duly qualified.
<P>
(b)     Capitalization. Auxer's capital structure consists
of 50,000,000 shares of common stock $.001 par value per
share of which 7,192,929 shares are issued and outstanding.
Each outstanding Auxer Share is validly authorized, validly
issued, fully paid and, nonassessable, has not been issued
and is not owned or held in violation of any preemptive
right of shareholders.
<P>
(c)     Financial Condition. Auxer has delivered to
Universal Filtration true and correct copies of its
financial statements. The financial statements have been
prepared in accordance with generally accepted accounting
principles consistently applied throughout the periods
involved and are in accordance with the books and records of
Auxer. Since the date of the financial statements:
<P>
     i.     There has at no time been a material undisclosed
adverse change in the financial condition of Auxer.
<P>
     ii.     Auxer has not declared, paid or effected any
dividend or liquidating or other distribution in respect of
its shares of common stock or any direct or indirect
redemption, purchase, or other acquisition of any Auxer
Shares.
<P>
     iii.     The operations and business of Auxer have been
conducted in all respects only in the ordinary course.
<P>
     iv.     Auxer has not suffered an extraordinary loss
not disclosed in its financial statements (whether or not
covered by insurance) or waived any right of substantial
value.
<P>
There is no fact known to Auxer which materially adversely
affects or in the future (as far as Auxer can foresee) may
materially adversely affect the financial condition, results
of operations, business, properties, assets, liabilities, or
future prospects of Auxer.
<P>
(d)     Tax and Other Liabilities. Auxer has no undisclosed
liability of any nature, accrued or contingent, including
without limitation liabilities for federal, state or local
taxes and liabilities.
<P>
(e)     Litigation and Claims. There is no undisclosed
litigation, arbitration, claim, governmental or other
proceeding (formal or informal) or investigation pending,
threatened or in prospect (or any basis therefor known to
Auxer) with respect to Auxer or its business or assets.
<P>
(f)     Properties. Auxer has title to or has leased the
real and personal property as set forth in the financial
statements.
<P>
(g)     Patents, Trademarks, Etc. Auxer's ownership or
patents, trademarks or any other intellectual property is as
listed on its financial statements.
<P>
(h)     Authority to Enter and Perform the Agreement. Auxer
has all requisite power and authority to execute, deliver
and perform the Agreement. All necessary corporate
proceedings of Auxer have been duly taken to authorize the execution,
delivery and performance of the Agreement by
Auxer, other than approval of the holders of Auxer Shares.
The Agreement constitutes the legal, valid and binding
obligation of Auxer and is enforceable as to it in
accordance with its terms and no consent, authorization,
approval, order, license, certificate or permit of or from,
or declaration or filing with any federal, state, local or
other government authority or any court or other tribunal is
required by Auxer.
<P>
4.02 Certain Representations and Warranties of Universal
Filtration
<P>
Universal Filtration represents and warrants to Auxer as
follows:
<P>
(a)     Organization and Qualification. Universal Filtration
has no subsidiaries. Universal Filtration is a corporation
duly organized, validly existing and in good standing under
the laws of The State of New York with all requisite power
and authority and all necessary consents, authorization,
approvals, orders, licenses, certificates and permits of and
from, and declarations and filings with, all federal, state,
local and other governmental authorities to own, lease,
license and use its properties and assets and to carry on
the business in which it is now engaged and the business in
which it contemplates engaging. Universal Filtration is duly
qualified to transact the business in which it is engaged
and is in good standing as a foreign corporation in every
jurisdiction in which its ownership, leasing, licensing, or
use of property or assets or the conduct of its business
makes such qualification necessary.
<P>
(b)     Capitalization. Each of the outstanding Universal
Filtration Shares is validly authorized, validly issued,
fully paid and, nonassessable, has not been issued and is
not owned or held in violation of any preemptive right of
shareholders.  The names of stockholders and the number of
shares held by each are listed on Attachment "C."
<P>
(c)     Financial Condition. Universal Filtration has
delivered to Auxer true and correct copies of its financial
statements for the years 1994 and 1995 and comparative
financial statements for the six months ended June 30, 1996
and a list of all receivables and payables as of June 30,
1995, the dates on which they arose. Since the date- of the
financial statements:
<P>
     i.     -There has at no time been a material adverse
change in the financial condition of Universal Filtration.
<P>
     ii.     Universal Filtration has not authorized,
declared, paid or effected any dividend or liquidating or
other distribution in respect of its shares of common stock
or any direct or indirect redemption, purchase, or other
acquisition of any Universal Filtration shares of common
stock. All accrued but unpaid dividends have been waived by
the Universal Filtration shareholders entitled to receive
such dividends in connection with the Agreement.
<P>
     iii.     Universal Filtration has not suffered an
extraordinary loss (whether or not covered by insurance) or
waived any right of substantial value.
<P>
There is no fact known to Universal Filtration which
materially adversely affects the financial condition,
results of operations, business, properties, assets,
liabilities, or future prospects of Universal Filtration.
<P>
(d)     Tax and Other Liabilities. Universal Filtration has
no undisclosed liability of any nature, accrued or
contingent, including without limitation liabilities for
federal, state or local taxes and liabilities to customers
or suppliers, other than the following:
<P>
     i.     Liabilities for which full provision has been
made on the financial statements of Universal Filtration
<P>
     ii.     Other liabilities arising since the last
Universal Filtration financial statement in the ordinary
course of business.  Without limiting the generality of the
foregoing, the amounts set up as provision for taxes on the
last Universal Filtration financial statement are sufficient
for all accrued and unpaid taxes of Universal Filtration.
<P>
(e)     Litigation and Claims. There is no litigation,
arbitration, claim, governmental or other proceeding (formal
or informal) or investigation pending, threatened or in
prospect which adversely impact Universal Filtration or its
business or assets.
<P>
(f)     Properties. Universal Filtration has good and
marketable title to all property and assets used in its
business or owned by it, as listed on its financial
statements. The real and other properties and assets
(including intangibles) leased or licensed by Universal
Filtration constitute all such properties and assets which
are necessary to the business of Universal Filtration as
presently conducted.
<P>
(g)     Contracts and Other Instruments. Universal
Filtration has made available to Auxer through the financial
statements or otherwise in writing, all contracts,
agreements, leases, instruments, licenses, arrangements or
understandings with respect to Universal Filtration, listed
on its financial statements and otherwise. Universal
Filtration is not a party nor is it bound by any contract,
agreement, instrument, lease, license, arrangement, or
understanding which may, in the future, have a material
adverse effect on the financial condition, results of
operations, business, properties, assets, liabilities or
future prospects of Universal Filtration.
<P>
(h)     Patents, Trademarks, Etc. Universal Filtration's
ownership of patents, trademarks or any other intellectual
property (if any) is listed on its financial statements.
<P>
(i)     Authority to Enter into and Perform the Agreement.
Universal Filtration has all requisite power and authority
to execute, deliver and perform the Agreement. All necessary
corporate proceedings of Universal Filtration have been duly
taken to authorize the execution, delivery and performance
of the Agreement by Universal Filtration, other than approval
of the holders of Universal Filtration Common
Stock. The Agreement constitutes the legal, valid and
binding obligation of Universal Filtration and is
enforceable as to it in accordance with its terms and no
consent, authorization, approval, order, license,
certificate or permit of or from, or declaration or filing
with any federal, state, local or other government authority
or any court or other tribunal is required by Universal
Filtration.
<P>
              V. ABANDONMENT AND TERMINATION
<P>
5.01 Right of Universal Filtration to Abandon.
<P>
Universal Filtration's Board of Directors shall have the
right to abandon or terminate the Acquisition if any of the
following shall not be true.
<P>
(a)     Accuracy of Representations and Compliance with
Conditions. All representations and warranties of Auxer
contained in the Agreement shall be accurate regardless of
knowledge or lack thereof on the part of Auxer or changes
beyond its control; Auxer shall have performed and complied
with all covenants and agreements and satisfied all
conditions required to be performed and complied with by it
by the Agreement; and Universal Filtration shall have
received a certificate executed by the chief executive
officer and the chief financial officer of Auxer dated this
date to that effect.
<P>
(b)     Opinion of Auxer's Counsel. Universal Filtration
shall have received a letter of Auxer's Counsel, in form and
substance satisfactory to Universal Filtration and its
counsel, to the effect that:
<P>
     i.       Auxer is an Idaho corporation validly existing
and in good standing with all requisite corporate power and
authority to own, lease, license and use its properties and
assets and to carry on the business in which it is now
engaged;
<P>
     ii.     Auxer is and will be duly qualified to transact
the business in which it is engaged and is not required to
register to do business in any other jurisdiction;
<P>
     iii.     The authorized and outstanding capital stock
of Auxer is as set forth in the Agreement and all the
outstanding shares of the capital stock of Auxer are validly
authorized, validly issued, fully paid and nonassessable;
<P>
     iv.     All necessary corporate proceedings of Auxer
have been duly taken to authorize the execution, delivery
and performance of the Agreement by Auxer;
<P>
     v.     Auxer has all requisite corporate power and
authority to execute, deliver and perform the Agreement and
the Agreement has been duly authorized, executed and
delivered by Auxer, constitutes the legal, valid and binding
obligation of Auxer, and (subject to applicable bankruptcy,
insolvency and other laws affecting the enforceability of
creditors' rights generally) is enforceable as to Auxer in
accordance with its terms;
<P>
     vi.     The execution, delivery and performance of the
Agreement by Auxer will not violate or result in a breach of
any term of Auxer's certificate of incorporation or of its
by-laws or violate, result in a breach of, conflict with, or
(with or without the giving of notice or the passage of time
or both) entitle any party to terminate or call a default
under, entitle any party to rights or privileges that did
not exist immediately before the Agreement was executed
under, or create any obligation on the part of Auxer under
the terms of any agreement that did not exist immediately
before the Agreement was executed;
<P>
     vii.     After reasonable investigation, Counsel has no
actual knowledge of any consent, authorization, approval,
order, license, certificate or permit of or from or
declaration or filing with any federal, state, local or
other governmental authority or any court or other tribunal
which is required of Auxer for the execution, delivery or
performance of the Agreement by Auxer.
<P>
     viii.     After reasonable investigation, Counsel has
no actual knowledge of any litigation, arbitration,
government or other proceeding (formal or informal over and
above the disclosure contained in the financial statements),
or investigation pending or threatened with respect to Auxer
or any of its businesses, properties or assets than can
reasonably be expected to result in any materially adverse
change in the financial condition, results of operations,
business, properties, assets, liabilities or future
prospects of Auxer or seeks to prohibit or otherwise
challenge the Agreement or the consummation of the
Acquisition or any of the other transactions contemplated
hereby or to obtain substantial damages with respect
thereto, except as disclosed in the Agreement.
<P>
     ix.     The persons named in such opinion as affiliates
are, to the best of Counsels knowledge, the only persons who
may reasonably be deemed to be affiliates of Auxer within
the meaning of Rule 145 under the Securities Act.
<P>
5.02 Right of Auxer to Abandon.
<P>
Auxer's Board of Directors shall have the right to abandon
or terminate the Acquisition if any of the following shall
not be true.
<P>
(a)     Accuracy of Representations and Compliance with
Conditions. All representations and warranties of Universal
Filtration contained in the Agreement shall be accurate when
made and Universal Filtration shall have performed and
complied with all covenants and agreements and satisfied all
conditions required to be performed and complied with by it
by the Agreement; and Auxer shall have received a
certificate executed by the chief executive officer and the
chief financial officer of Universal Filtration dated the
date of the Agreement to that effect.
<P>
(b)     Certificate of the President of Universal
Filtration.
<P>
Auxer shall receive a certificate of the President of
Universal Filtration in form and substance satisfactory to
Auxer and its counsel, to the effect that:
<P>
     i.     Universal Filtration is a corporation validly
existing and in good standing under the laws of the State of
New York with all requisite corporate power and authority
to own, lease, license and use its properties and assets and
to carry on the business in which it is now engaged.
<P>
     ii.     Universal Filtration is qualified to transact
the business in which it is engaged and is registered as a
foreign corporation in all jurisdictions in which it does
business.
<P>
     iii.     The authorized and outstanding capital stock
of Universal Filtration is as set forth in the Agreement and
all the outstanding shares of the capital stock of Universal
Filtration are validly authorized, validly issued, fully
paid and nonassessable;
<P>
     iv.     All necessary corporate proceedings of
Universal Filtration have been duly taken to authorize the
execution, delivery and performance of the Agreement by
Universal Filtration
<P>
     v.     Universal Filtration has all requisite corporate
power and authority to execute, deliver and perform the
Agreement and the Agreement has been duly authorized,
executed and delivered by Universal Filtration, constitutes
the legal, valid and binding obligation of Universal
Filtration, and (subject to applicable bankruptcy,
insolvency and other laws affecting the enforceability of
creditors' rights generally) is enforceable as to Universal
Filtration in accordance with its terms;
<P>
     vi.     The execution, delivery and performance of the
Agreement by Universal Filtration will not violate or result
in a breach of any term of Universal Filtration' certificate
of incorporation or of its by-laws or violate, result in a
breach of, conflict with, or (with or without the giving of
notice or the passage of time or both) entitle any party to
terminate or call a default under, entitle any party to
rights or privileges that did not exist immediately before
the Agreement was executed under, or create any obligation
on the part of Universal Filtration under the terms of any
agreement that did not exist immediately before the
Agreement was executed;
<P>
     vii.     He has no actual knowledge of any consent,
authorization, approval, order, license, certificate or
permit of or from or declaration or filing with any federal,
state, local or other governmental authority or any court or
other tribunal which is required of Universal Filtration for
the execution, delivery or performance of the Agreement by
Universal Filtration.
<P>
     viii.     He has no actual knowledge of any litigation,
arbitration, government or other proceeding (formal or
informal), or investigation pending or threatened with
respect to Universal Filtration or any of its businesses,
properties or assets than can reasonably be expected to
result in any materially adverse change in the financial
condition, results of operations, business, properties,
assets, liabilities or future prospects of Universal
Filtration or seeks to prohibit or otherwise challenge the
Agreement or the consummation of the Acquisition or any of
the- other transactions contemplated hereby or to obtain
substantial damages with respect thereto, except as
disclosed in the Agreement.
<P>
                 VI. MISCELLANEOUS.
<P>
6.01 Further Actions
<P>
At any time and from time to time, each Party agrees, at its
expense, to take such actions and to execute and deliver
such documents as may be reasonably necessary to effectuate
the purposes of the Agreement.
<P>
6.02 Availability of Equitable Remedies
<P>
Since a breach of the provisions of the Agreement could not
adequately be compensated by money damages, either Party
shall be entitled, in addition to any other right or remedy
available to it, to an injunction restraining such breach or
threatened breach and to specific performance of any such
provision of the Agreement, and, in either case, no bond or
other security shall be required in connection therewith,
and the Parties hereby consent to the issuance of such an
injunction and to the ordering of specific performance.
<P>
6.03 Modification
<P>
The Agreement sets forth the entire understanding of the
Parties with respect to the subject matter hereof. The
Agreement may be amended by a written instrument executed by
Universal Filtration and Auxer with the approval of their
respective Boards of Directors. A change in the number of
shares issued or the number and exercise price of options
due to a stock split or recapitalization of Auxer ratably
affecting all its stockholders and option holders will not
be construed as a modification of the Agreement.
<P>
6.04 Notices
<P>
Any notice or other communication required or permitted to
be given hereunder shall be in writing and shall be mailed
by certified mail, return receipt requested or overnight
delivery or courier service or delivered in person or by
facsimile against receipt to the Party to whom it is to be
given at the address of such Party set forth in the preamble
to the Agreement (or to such other address (or facsimile
telephone number) as the party shall have furnished in
writing to the other Party. Any notice shall be addressed to
the attention of the Corporate Secretary. Any notice or
other communication given pursuant to the paragraph shall be
given at the time or certificate or comparable act thereof
except for a notice changing a party's address which will be
deemed given at the time or receipt thereof. Any notice
given by other means than permitted by this paragraph shall
be deemed given at the time of receipt thereof.
<P>
6.05 Waiver
<P>
Any waiver by either Party of a breach of any provision of
the Agreement shall not operate as or be construed to be a
waiver of any other breach of that provision or of any
breach of any other provision of the Agreement. The failure
of a Party to insist upon strict adherence to any term of
the Agreement on one or more occasions will not be
considered a waiver or deprive that Party of the right
thereafter to insist upon strict adherence to that term or
any other term of the Agreement. Any waiver must be in
writing and be authorized by a resolution of the Board of
Directors of the waiving Party.
<P>
6.06 Binding Effect
<P>
The provisions of the Agreement shall be binding upon and
inure to the benefit of Universal Filtration and Auxer and
their respective successors and assigns and shall inure to
the benefit of either Universal Filtration or Auxer
individually and his/her/its assigns, heirs and personal
representatives, as the case may be.
<P>
6.07 No Third Party Beneficiaries
<P>
The Agreement does not create, and shall not be construed as
creating, any rights enforceable
<P>
6.08 Separability
<P>
If any provision of the Agreement is invalid, illegal, or
unenforceable, the balance of the Agreement shall remain in
effect, and if any provision is inapplicable to any person
or circumstance, it shall nevertheless remain applicable to
all other persons and circumstances.
<P>
6.09 Headings
<P>
The headings in the Agreement are solely for convenience of
reference and shall be given no effect in the construction
or interpretation of the Agreement.
<P>
6.10 Counterparts; Governing Law
<P>
The Agreement may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. The
Agreement shall be governed by and construed in accordance
with the laws of the State of New Jersey, without giving
effect to conflict of laws. Any action, suit or proceeding
arising out of, based, on, or in connection with the
Agreement, the Acquisition, or the other transactions
contemplated hereby may be brought only in the United States
District Court for New Jersey and each Party covenants and
agrees not to assert, by way of motion, as a defense, or
otherwise, in any such action, suit, or proceeding, any
claim that it is not subject personally to the jurisdiction
of such court, that its property is exempt or immune from
attachment or execution, that the action, suit or proceeding
is brought in an inconvenient forum, that the venue of the
action, suit, or proceeding is improper, or that the
Agreement or the subject matter hereof may not be enforced
in or by such court.
<P>
IN WITNESS WHEREOF, the Agreement has been approved by
resolution duly adopted by the Board of Directors of each of
the Constituent Corporations and has been signed by duly
authorized officers of each of the Constituent Corporations,
all as of the date first above written.
<P>
UNIVERSAL FILTRATION INDUSTRIES, INC.
<P>
By:  (s) Ronald M. Shaver
     --------------------
         Ronald M. Shaver,
         President
<P>
AUXER INDUSTRIES, INC.
<P>
By: (s) Eugene Chiaramonte
    -----------------------
        Eugene J. Chiaramonte, Jr.

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