SEC Contract Filing

Filing Date: 2019-08-22

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>EX. 10.1. ORBITAL ACQUISITION AGREEMENT
<TEXT>
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<TITLE>APA- Executed 9-13-2018 (00402460).DOCX</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P align=justify style='font:10pt CG Times;margin:0'><FONT style='font:10pt Times New Roman'>Exhibit 10.1</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=right style='font:9pt Times New Roman;margin:0'>August 9, 2019 Signature Copy</P>
<P align=center style='font:11pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>ASSET PURCHASE AGREEMENT</B></FONT></P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38.15pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;text-indent:38pt'>THIS ASSET PURCHASE AGREEMENT (this &#8220;<FONT style='border-bottom:1px solid #000000'>Agreement</FONT>&#8221;) is made and entered into as of the close of business August 9, 2019 (the &#8220;<FONT style='border-bottom:1px solid #000000'>Effective Date</FONT>&#8221; subject to the final closing as described in ARTICLE IV herein), by and between HST Global, Inc, a Nevada corporation (&#8220;<FONT style='border-bottom:1px solid #000000'>Buyer</FONT>&#8221;), and Orbital Group, Inc., a Nevada corporation (&#8220;<FONT style='border-bottom:1px solid #000000'>Seller</FONT>&#8221;). Seller and Buyer are sometimes jointly referred to hereafter as the &#8220;<FONT style='border-bottom:1px solid #000000'>Parties</FONT>&#8221;.</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38.15pt'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Recitals</FONT>:</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38.15pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-left:72pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-34pt'>A.</KBD>Seller is the owner of a certain revenue sharing agreement between Orbital Group, Inc. (also referred to herein as &#8220;Seller&#8221; or &#8220;OGI&#8221;) and VeraClaim, Ltd. <A name=_Hlk519154627 />(referred to herein as VeraClaim&#8221;), which is described on Exhibit &#8220;B&#8221; hereto. Including the use but not ownership of associated trademarks, marketing materials, and the right to introduce potential clients to VeraClaim for the sale of the products and services of VeraClaim. The rights purchased are only marketing rights of products and services offered by VeraClaim, Ltd. &nbsp;OGI will have the right to market the products and services in all countries of the world (referred to as the &#8220;Territory&#8221;).OGI has no rights to provide services based on the VeraClaim intellectual property or the use of its staff, employees or management to provide the services provided by VeraClaim. OGI only shares in the revenues earned by VeraClaim, Ltd. when providing services to clients introduced by OGI. The rights to share in revenue generated by VeraClaim, based on the purchased agreement as referred to herein as the &#8220;Assets&#8221;.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:38pt'>B.</KBD><KBD style=margin-left:72pt></KBD>Seller wishes to assign to Buyer, and Buyer wishes to assume from Seller, certain contracts (the &#8220;<FONT style='border-bottom:1px solid #000000'>Assigned Contracts</FONT>&#8221;), which is described more fully on Exhibit &#8220;A&#8221; hereto.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:38pt'>C.</KBD><KBD style=margin-left:72pt></KBD>Buyer desires to purchase and acquire the Asset and Assumed Contract and commence introducing clients to VeraClaim that will purchase products and services from VeraClaim as defined in Article I below.&nbsp;&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:38pt'>D.</KBD><KBD style=margin-left:72pt></KBD>The Parties desire to enter into this comprehensive agreement with respect to the sale and purchase of the Asset. &nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:38pt'>E.</KBD><KBD style=margin-left:72pt></KBD>The Parties desire to comply with all applicable federal and state laws in connection the purchase and sale of the Asset.&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and legal sufficiency of which the Parties hereby acknowledge, the Parties hereto agree as follows:</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38.15pt'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'>ARTICLE I<FONT style='border-bottom:1px solid #000000'> </FONT></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>Proposed Business</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:38pt'>The Asset consists of the