SEC Contract Filing

Filing Date: 2022-03-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>lzgi0307form8kexh10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 20pt; font-variant: small-caps"><B>Intellagents,
LLC</B></FONT><BR>
<FONT STYLE="font-size: 12pt">ASSET PURCHASE AGREEMENT</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify; text-indent: 0.5in">This Asset Purchase Agreement
(this &quot;<U>Agreement</U>&quot;), dated as of February 23, 2022, is entered into between Intellagents, LLC, a Delaware limited liability
company (&quot;<U>Seller</U>&quot;) and LZG International Inc., a Florida corporation (&quot;<U>Buyer</U>&quot;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: center"><FONT STYLE="text-transform: uppercase">Recitals</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify; text-indent: 0.5in">WHEREAS, Seller is engaged
in the business of creating, orchestrating and selling software as a service and software as a business within the larger insurance ecosystem
services market (the &quot;<U>Business</U>&quot;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify; text-indent: 0.5in">WHEREAS, Seller wishes to
sell and assign to Buyer, and Buyer wishes to purchase and assume from Seller, substantially all the assets, and certain specified liabilities,
of the Business, subject to the terms and conditions set forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0.25in 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 12pt">ARTICLE
I</FONT><FONT STYLE="text-transform: uppercase"><BR>
<FONT STYLE="font-weight: normal">Definitions</FONT></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">The following terms have
the meanings specified or referred to in this ARTICLE I:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Action</U>&quot;
means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation,
summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Affiliate</U>&quot;
of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is
under common control with, such Person. The term &quot;control&quot; (including the terms &quot;controlled by&quot; and &quot;under common
control with&quot;) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of a Person, whether through the ownership of voting securities, by contract or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Ancillary Documents</U>&quot;
means the Bill of Sale, the Assignment and Assumption Agreement, the Intellectual Property Assignment, the Employment Agreements and the
other agreements, instruments and documents required to be delivered at the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Business Day</U>&quot;
means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New York are authorized or required
by Law to be closed for business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Business IT
Systems</U>&quot; means all Software, computer hardware, servers, networks, platforms, peripherals, and similar or related items of automated,
computerized, or other information technology (IT) networks and systems (including telecommunications networks and systems for voice,
data, and video) owned, leased, licensed, or used (including through cloud-based or other third-party service providers) in the conduct
of the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>CERCLA</U>&quot;
means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization
Act of 1986, 42 U.S.C. &sect;&sect; 9601 et seq.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Closing Working
Capital</U>&quot; means: (a) Current Assets, less (b) Current Liabilities, determined as of the open of business on the Closing Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&quot;<U>Code</U>&quot;
means the Internal Revenue Code of 1986, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Common Stock</U>&rdquo;
means the authorized common stock of the Buyer.<