Document:

exhibit_10-1.htm

    
      

    

    Exhibit
10.1

    

    
      
        	
                AGREEMENT
      OF PURCHASE AND SALE

              

      

    

    

     

    The
Effective Date of this Agreement is February 2, 2009, This Agreement is between
Kinectrics Inc. ("Kinectrics") and W2 Energy Inc. (the "Company") (also referred
to singularly "Party" or collectively "Parties"). This Agreement records the
agreed terms and conditions pursuant to which Kinectrics will sell the Schedule
A assets (the "Unit") to the Company.

     

    THE
UNIT:

     

    
      
        	
                1.

              	
                Upon
      receipt of the Deposit by Kinectrics, the Company shall insure the Unit
      and Kinectrics shall be named as an additional insured on such policy
      until such time as the Sale Price has been paid to Kinectrics in full. A
      certificate of such insurance shall be provided to Kinectrics prior to the
      release of the Unit from
Site.

              

      

    

    
      
        	
                2.

              	
                In
      no event shall the Company use the Unit for collateral. In no event shall
      the Company place or cause the placement of any liens on either the Unit
      or against Kinectrics.

              

      

    

    
      
        	
                3.

              	
                The
      Unit is sold on an "as is-where is" basis with no guarantee, warranty or
      representation, express or implied, as to condition or description of the
      Unit, its merchantability, fitness for any purpose, or otherwise. The
      Company acknowledges that the Unit is a demonstration unit and is not a
      full scale commercial unit. The Company further
      acknowledges that it has been informed that the Unit has been in an
      idle and dismantled configuration for a prolonged period of time.
      Kinectrics is not responsible for any personal injury or property damage
      incurred as a result of use or handling of the
  Unit.

              

      

    

    
      
        	
                4.

              	
                The
      Company acknowledges that it has satisfied its due diligence with respect
      to the Unit, and understands that the sale in the Purchase Phase is final.
      The Company acknowledges that the purchase is based on the Company's own
      judgment, and further acknowledges that any information given by
      Kinectrics on the Units condition is given without any warranty as to its
      completeness or correctness. The Company expressly disclaims any reliance
      on information given by Kinectrics in making the purchase
      decision.

              

      

    

    
      
        	
                5.

              	
                Kinectrics is not responsible for
      the installation standards, safety or other potential liabilities
      associated with the
      transportation or use of the Unit.

              

      

    

     

    INSTALLATION
PHASE:

     

    
      	
              1.

            	
              The
      Company shall pay Kinectrics a non-refundable deposit of ten percent (10%)
      of the Sale Price or
      thirty seven thousand five hundred dollars ($37,500.00) on
      execution of this Agreement (the "Deposit"). This amount shall be applied
      to the Sale Price of the Unit The installation phase shall begin upon
      receipt of the
      Deposit and continue for a period up to and including receipt of
      the Initial Payment as set out in the Purchase Phase (the "Installation
      Phase").

            

    

    
      	
              2.

            	
              The
      Company shall allow a Personal Property Security Act lien (PPSA) to be
      placed against the Unit by Kinectrics until such time as the Sale Price is
      paid in full. The Company's only debtor Premier Capital agrees to
      subordinate its loan to W2 Energy and, together with W2 Energy, sign such
      documents as may be required in order to accommodate the PPSA. The Company
      agrees not to remove the Unit outside of the jurisdictional boundaries of
      the Province of Ontario Canada until the Company has paid Kinectrics in
      full for the Unit.

            

    

    
      	
              3.

            	
              The
      Deposit shall be paid and the PPSA put in place prior to the Unit being
      removed from Site.

            

    

    
      	
              4.

            	
              The
      Company shall remove the Unit from Kinectrics site, located at 800 Kipling
      Ave., Toronto, Ontario, Canada (the "Site") within ninety (90) days
      following the Effective Date of this
Agreement

            

    

    
      	
              5.

            	
              The
      Company shall assemble or arrange for assembly of the Unit ("Assembled
      Unit"), making such modifications as may be necessary to bring the Unit
      into operation.

            

    

    
      	
              6.

            	
              The
      Company may elect to separately contract with Kinectrics, on a fee for
      service basis, to undertake a mutually agreed scope of work for the
      assembly of the Unit and Engineering support services at a location of its
      choosing, provided the specifications and amenities of such space are
      deemed by Kinectrics to be suitable for the required activities. All costs
      associated with such services, assembly and operation of the Unit shall be
      paid by the Company, including but not limited to obtaining required
      permits and/or certificates of
      authorization. Kinectrics will offer Engineering Support Services
      to the Company under a separate services agreement, a sample of which is
      attached to this Agreement as Schedule
B.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              7.

            	
              The
      Company shall be liable for the Unit from the time it is loaded onto
      transport at Site and such liability shall not cease except if the Unit is
      returned to Kinectrics' control at its Site following the Installation
      Phase.

            

    

     

    PURCHASE
PHASE:

     

    
      	
              1.

            	
              Kinectrics
      agrees to sell the Unit, located at 800 Kipling Ave., Toronto, Ontario,
      Canada (the "Site"), and title thereto, to the Company for the sum of
      three hundred and seventy five thousand dollars ($375,000.00) ("Sale
      Price"), less the Deposit.

            

    

    
      	
              2.

            	
              The
      remaining Sale Price of three hundred thirty seven thousand five hundred
      dollars ($337,500) plus Taxes payable shall be paid by the Company in
      installments as follows:

            

    

    
      	
               
      

            	
              a.

            	
              Twenty
      percent (20%) of the Sale Price or Seventy five thousand dollars
      ($75,000.00) payable on the earlier of July 1, 2009; and thirty (30) days
      following written notice from the Company of its intention to move into
      the Purchase Phase (the "Initial Payment");
and

            

    

    
      	
               
      

            	
              b.

            	
              Twenty
      percent (20%) of the Sale Price or or Seventy five thousand dollars
      ($75,000.00) payable thirty (60) days after the Initial Payment (the
      "Second Payment"); and

            

    

    
      	
               
      

            	
              c.

            	
              Twenty
      five percent (25%) of the Sale Price or ninety three thousand and seven
      hundred fifty dollars ($93,750.00) payable sixty (60) days after the
      Second Payment (the "Third Payment");
and

            

    

    
      	
               
      

            	
              d.

            	
              Twenty
      five percent (25%) of the Sale Price or ninety three thousand and seven
      hundred fifty dollars ($93,750.00) plus all applicable Taxes 60 days after
      the Third Payment date (the "Final
Payment").

            

    

    
      	
              3.

            	
              The
      Company shall be permitted to remit early payment in full for the Unit at
      any time during the Purchase Phase without
  penalty.

            

    

    
      	
              4.

            	
              Unencumbered
      transfer of title and ownership of the Unit to the Company shall occur
      following Kinectrics' receipt of the Final Payment. Immediately upon
      transfer of such title and ownership to the Company, the Company agrees to
      indemnify and save Kinectrics harmless from any and all risk, claims for
      damages or injuries to any parties howsoever arising out
      of or associated with the Unit.

            

    

     

    TERMINATION
AND REPOSSESSION:

     

    
      
        	
                1.

              	
                Kinectrics
      may terminate this Agreement for default at any time prior to payment of
      the Sale Price in full. Upon receipt of notice of such termination, the
      Company shall immediately cease its use of the Unit and it shall be
      returned to Site at the Company's cost, Installments paid up to the date
      of termination (with the exception of the Deposit) will be returned to the
      Company less any amounts owing to Kinectrics related to the Unit and its
      return to Site.

              

      

    

    
      
        	
                2.

              	
                The
      Company shall not in any way impede Kinectrics' right to protect and/or
      take possession of its Unit in the event of such termination and in such
      event, the Company waives any and all interest in the Unit, including
      improvements.

              

      

    

     

    GENERAL:

     

    
      	
              1.

            	
              All
      taxes applicable to the transactions of this Agreement are extra and shall
      be paid by the Company.

            

    

    
      	
              2.

            	
              Kinectrics
      agrees to not compete with the Company in the plasma field for gas to
      liquid processes.

            

    

    
      
        	
                3.

              	
                The
      Company agrees to grant Kinectrics preferred supplier status for
      development of future renewable energy applications of the Unit on a fee
      for service basis.

              

      

    

    
      
        	
                4.

              	
                Any
      attendance at Site by the Company is at the Company's own risk and the
      Company indemnifies and holds Kinectrics harmless for any and all
      liability for all damage or injury caused by the Company to any
      person(s).

              

      

    

    
      
        	
                5.

              	
                All
      expenses or liability associated with removal of the Unit
      from Site shall be at the sole expense and liability of the Company,
      including but not limited to removal and transport of the Unit in
      accordance with all applicable laws or regulations governing the
      disassembly, preparation, packaging, lifting and
      transportation.

              

      

    

    
      	
              6.

            	
              The
      Parties to this Agreement agree and acknowledge that this Agreement does
      not create a license, partnership, joint venture, or any other
      relationship between the Parties save the relationship set out herein
      before and solely for the limited purposes
  herein.

            

    

     

    
 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    
      
        	
                7.

              	
                Upon
      signing this Agreement the Company agrees to assume all risk arising out
      of its use of the Unit and to indemnify and hold harmless Kinectrics, its
      employees, agents and others acting in concert with it harmless and free
      from and against any claims, losses, or damages, whether in respect of
      personal injury, property damage, or other harm arising out of this
      Agreement.

              

      

    

    
      
        	
                8.

              	
                The
      currency of this Agreement is Canadian
dollars.

              

      

    

    
      
        	
                9.

              	
                This
      Agreement shall be governed by the laws of the Province of
      Ontario.

              

      

    

    
 

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    W2
      Energy, Inc.

                                  	 
      	Kinectrics
      Inc.	 
	 
      	 	 
      	 	 
      	 
	 
      	 	 
      	 	 
      	 
	
                                    by:

                                  	/s/ 
      Mike McLaren	 
      	by:	/s/ 
      David Harris  	 
	Name:	Mike
      McLaren	 
      	Name:	David
      Harris  	 
	Title:	CEO	 
      	Title:	CEO 
      	 
	Date:	Feb.
      2, 2009	 
      	Date:	Feb. 2, 2009  	 
	I
      have the authority to bind the corporation	I
      have the authority to bind the
corporation

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
A

     

    
      	
              1.

            	
              DC
      powered graphite electrode plasma furnace mounted on three transportable
      steel skids,containing:

            

    

    
      	
            	
              i) 

            	
              Pilot
      scale reactor (furnace) unit

            

    

    
      	
            	
              ii) 

            	
              Power
      supply

            

    

    
      	
            	
              iii) 

            	
              Control
      console

            

    

    
      	
            	
              iv) 

            	
              Electrode
      mast

            

    

    
      	
            	
              v) 

            	
              Cooling
      water tank

            

    

    
      	
            	
              vi) 

            	
              Two
      pumps

            

    

    
      	
            	
              vii) 

            	
              Spare
      electrodes

            

    

    
      	
            	
              viii) 

            	
              Screw
      auger

            

    

     

    
      	
              2. 

            	
              Internal
      Combustion Engine Generator, Caterpillar Model 3408 TA, rated at 250 kW,
      600 V, 3-phase,
      mounted in 40-ft trailer

            

    

     

    
      	
              3.

            	
              Additional
      ancillary equipment contained in 40-ft trailer containing the Internal
      Combustion Engine
      Generator

            

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    4Henry County Plywood Corporation: Exhibit 10.1 - Prepared by TNT Filings
Inc.

  

Exhibit 10.1

DIRECTOR AGREEMENT 

This DIRECTOR
AGREEMENT is made as of this 1st day of February, 2009 (the
"Agreement"), by and between Henry County Plywood, a Nevada corporation holding
Organic Region Group a BVI corporation (the "Company") and Jeremy Goodwin (the
"Director"). 

WHEREAS, the Company
wishes to appoint the Director as a non-executive member of the Board of
Directors of the Company and enter into an agreement with the Director with
respect to such appointment; and 

WHEREAS, the Director
wishes to accept such appointment and to serve the Company on the terms set
forth herein, and in accordance with, the provisions of this Agreement. 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein, the parties hereto agree
as follows: 

1.        
Position. Subject to the terms and provisions of this Agreement, the
Company shall cause the Director to be appointed as non-executive member of the
Board of Directors (the "Board") to fill an existing but now vacant directorship
and the Director hereby agrees to serve the Company in that position upon the
terms and conditions hereinafter set forth. 

2.        
Duties. During the Directorship Term (as defined in Section 5 hereof),
the Director shall serve as a member of the Board, and the Director shall make
reasonable business efforts to attend all Board meetings, serve on appropriate
subcommittees as reasonably requested by the Board, make himself available to
the Company at mutually convenient times and places, attend external meetings
and presentations, as appropriate and convenient, and perform such duties,
services and responsibilities and have the authority commensurate to such
position. 

The Director will use
his best efforts to promote the interests of the Company. The Company recognizes
that the Director (i) is a full-time executive employee of another entity and
that his responsibilities to such entity must have priority and (ii) sits on the
Board of Directors of other entities. Notwithstanding same, the Director will
use reasonable business efforts to coordinate his respective commitments so as
to fulfill his obligations to the Company and, in any event, will fulfill his
legal obligations as a director. Other than as set forth above, the Director
will not, without the prior written approval of the Board, engage in any other
business activity which could materially interfere with the performance of his
duties, services and responsibilities hereunder or which is in violation of the
reasonable policies established from time to time by the Company, provided that
the foregoing shall in no way limit his activities on behalf of (i) his current
employer and its affiliates or (ii) the Board of Directors of those entities on
which he sits. 

3.        
Monetary Remuneration. 

(a)        
Fees and Compensation. During the Directorship Term the Director shall receive
the following compensation and benefits: 

	
  A monthly cash fee
  of $USD3500. 

The Director's status
during the Agreement Term shall be that of an independent contractor and not,
for any purpose, that of an employee or agent with authority to bind the Company
in any respect. All payments and other consideration made or provided to the
Director under Sections 3 and 4 shall be made or provided without withholding or
deduction of any kind, and the Director shall assume sole responsibility for
discharging, all tax or other obligations associated therewith. 

(b)        
Common Stock Award. During the Directorship Term the Director shall receive the
following stock award of the Company's common stock (the "Stock Award"): 

	
  12,500 shares of
  the Company's common stock for every three (3) month period of the
  Directorship Term. 

(c)        
Expense Reimbursements. During the Directorship Term, the Company shall
reimburse the Director for all reasonable out-of-pocket expenses incurred by the
Director in attending any in-person meetings, provided that the Director
complies with the generally applicable policies, practices and procedures of the
Company for submission of expense reports, receipts or similar documentation of
such expenses. Any reimbursements for allocated expenses (as compared to
out-of-pocket expenses of the Director) must be approved in advance by the
Company. 

4.        
Directorship Term. The "Directorship Term", as used in this Agreement,
shall mean the period commencing on the date hereof and terminating on the
earliest of the following to occur: 

(a)        
the death of the Director ("Death"); 

(b)        
the termination of the Director from the position of member of the Board by the
mutual agreement of the Company and the Director; 

(c)        
the removal of the Director from the Board by the shareholders of the Company;

(d)        
the resignation by the Director from the Board if after the date hereof, the
Chief Executive Officer of his current employer determines that the Director's
continued service on the Board conflicts with his fiduciary obligations to his
current employer (a "Fiduciary Resignation"); and 

(e)         the resignation
by the Director from the Board if the board of directors or the Chief Executive
Officer of his current employer requires the Director to resign and such
resignation is not a Fiduciary Resignation. 

5.        
Director's Representation and Acknowledgment. The Director represents to
the Company that his execution and performance of this Agreement shall not be in
violation of any agreement or obligation (whether or not written) that he may
have with or to any person or entity, including without limitation, any prior
employer. The Director hereby acknowledges and agrees that this Agreement (and
any other agreement or obligation referred to herein) shall be an obligation
solely of the Company, and the Director shall have no recourse whatsoever
against any stockholder of the Company or any of their respective affiliates
with regard to this Agreement. 

6.
       
Director Covenants. 

(a)        
Unauthorized Disclosure. The Director agrees and understands that in the
Director's position with the Company, the Director has been and will be exposed
to and receive information relating to the confidential affairs of the Company,
including but not limited to technical information, business and marketing
plans, strategies, customer information, other information concerning the
Company's products, promotions, development, financing, expansion plans,
business policies and practices, and other forms of information considered by
the Company to be confidential and in the nature of trade secrets. The Director
agrees that during the Directorship Term, the Director will keep such
information confidential and will not disclose such information, either directly
or indirectly, to any third person or entity without the prior written consent
of the Company; provided, however, that (i) the Director shall have no such
obligation to the extent such information is or becomes publicly known or
generally known in the Company's industry other than as a result of the
Director's breach of his obligations hereunder and (ii) the Director may, after
giving prior notice to the Company to the extent practicable under the
circumstances, disclose such information to the extent required by applicable
laws or governmental regulations or judicial or regulatory process. This
confidentiality covenant has no temporal, geographical or territorial
restriction. 

(b)        
Non-Solicitation. During the Directorship Term the Director shall not interfere
with the Company's relationship with, or endeavor to entice away from the
Company, any person who, on the date of the termination of the Directorship
Term, was an employee or customer of the Company or otherwise had a material
business relationship with the Company. 

7.        
Indemnification. The Company agrees to indemnify the Director for his
activities as a director of the Company to the fullest extent permitted by law,
and to cover the Director under any directors and officers liability insurance
obtained by the Company. Further, the Company and the Director agree to enter
into an indemnification agreement substantially in the form of agreement entered
into by the Company and its other Board members. 

8.        
Non-Waiver of Rights. The failure to enforce at any time the provisions
of this Agreement or to require at any time performance by the other party of
any of the provisions hereof shall in no way be construed to be a waiver of such
provisions or to affect either the validity of this Agreement or any part
hereof, or the right of either party to enforce each and every provision in
accordance with its terms. No waiver by either party hereto of any breach by the
other party hereto of any provision of this Agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions at that
time or at any prior or subsequent time. 

9.        
Notices. Every notice relating to this Agreement shall be in writing and
shall be given by personal delivery or by registered or certified mail, postage
prepaid, return receipt requested; to: 

If to the Company:

Henry County Plywood
Corporation 

5353 Manhattan Circle Suite 101 

Boulder, Colorado 80303 USA 

Holding Company of:

Organic Region Group, Limited 

6/F No. 947, Qiao Xing Road, Shi Qiao Town, 

Pan Yu District, Guang Zhou, China Tel: +86-20-84890337 

with a copy to: 

Jeremy Goodwin 

1546 Michael Lane 

Pacific Palisades, CA 90272 USA 

Either of the parties
hereto may change their address for purposes of notice hereunder by giving
notice in writing to such other party pursuant to this Section 9. 

10.        
Binding Effect/Assignment. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, executors,
personal representatives, estates, successors (including, without limitation, by
way of merger) and assigns. Notwithstanding the provisions of the immediately
preceding sentence, neither the Director nor the Company shall assign all or any
portion of this Agreement without the prior written consent of the other party.

11.        
Entire Agreement. This Agreement (together with the other agreements
referred to herein) sets forth the entire understanding of the parties hereto
with respect to the subject matter hereof and supersedes all prior agreements,
written or oral, between them as to such subject matter. 

12.        
Severability. If any provision of this Agreement, or any application
thereof to any circumstances, is invalid, in whole or in part, such provision or
application shall to that extent be severable and shall not affect other
provisions or applications of this Agreement. 

13.        
Governing Law. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Nevada, without reference to
the principles of conflict of laws. All actions and proceedings arising out of
or relating to this Agreement shall be heard and determined in any Nevada state
or federal court and the parties hereto hereby consent to the jurisdiction of
such courts in any such action or proceeding; provided, however, that neither
party shall commence any such action or proceeding unless prior thereto the
parties have in good faith attempted to resolve the claim, dispute or cause of
action which is the subject of such action or proceeding through mediation by an
independent third party. 

14.        
Legal Fees. The parties hereto agree that the non-prevailing party in any
dispute, claim, action or proceeding between the parties hereto arising out of
or relating to the terms and conditions of this Agreement or any provision
thereof (a "Dispute"), shall reimburse the prevailing party for reasonable
attorney's fees and expenses incurred by the prevailing party in connection with
such Dispute; provided, however, that the Director shall only be required to
reimburse the Company for its fees and expenses incurred in connection with a
Dispute, if the Director's position in such Dispute was found by the court,
arbitrator or other person or entity presiding over such Dispute to be frivolous
or advanced not in good faith. 

15.        
Modifications. Neither this Agreement nor any provision hereof may be
modified, altered, amended or waived except by an instrument in writing duly
signed by the party to be charged. 

16.        
Tense and Headings. Whenever any words used herein are in the singular
form, they shall be construed as though they were also used in the plural form
in all cases where they would so apply. The headings contained herein are solely
for the purposes of reference, are not part of this Agreement and shall not in
any way affect the meaning or interpretation of this Agreement. 

17.        
Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed to be an original but all of which together shall
constitute one and the same instrument. 

(remainder of this page intentionally left
blank) 

IN WITNESS WHEREOF,
the Company has caused this Director Agreement to be executed by authority of
its Board of Directors, and the Director has hereunto set his hand, on the day
and year first above written. 

HENRY COUNTY PLYWOOD CORPORATION and ORGANIC
REGION GROUP LIMITED 

	 	 	 
	By:	 	 
	
     
	
    Name: 
	Anson Yiu Ming Fong
	 	Title:	Chairman of the Board
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	DIRECTOR	 
	 	 	 
	 	 	 
	 	 	 
	Name: Jeremy Goodwin

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