SEC Contract Filing

Filing Date: 2018-08-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k082818_ex10z1.htm
<DESCRIPTION>EXHIBIT 10.1 ASSET PURCHASE AGREEMENT
<TEXT>
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<TITLE>Exhibit 10.1 Asset Purchase Agreement</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0'>EXHIBIT 10.1</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>ASSET PURCHASE AGREEMENT</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>THIS AGREEMENT (this &#8220;Agreement&#8221;) made this 23<SUP>rd</SUP> day of August, 2018 by and between Yinuo Technologies LTD (the &#8220;Seller&#8221;), and OneLife Technologies Corporation, a Nevada corporation (the &#8220;Purchaser&#8221;).</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In consideration of the mutual covenants contained herein, it is agreed by and between the parties as follows:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>1.</KBD>The Seller shall sell and the Purchaser shall purchase, free and clear of all liens, claims, encumbrances and liabilities, either currently or in the future, as a result of the actions of the Seller, the wearable products, designs, work and developed intellectual property involving a wearable watch/tricorder and related intangible assets of Seller&#8217;s business as described on <FONT style='border-bottom:1px solid #000000'>Exhibit B</FONT> (collectively, the &#8220;Assets&#8221;).&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:38.25pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:38.25pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>2.</KBD>The Purchaser shall issue to the Seller 26,500,000 shares (the &#8220;Shares&#8221;) of the common stock, $0.00001 par value per share (the &#8220;Common Stock&#8221;), of the Purchaser in exchange for the Assets. &nbsp;&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:38.25pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>3.</KBD>The Seller shall sell, assign, transfer, and convey to the Purchaser the Assets, free of all liabilities.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>4.</KBD>The actions to be taken by the parties hereto to close the transaction as provided shall take place on or before August 23, 2018, at the office of the Purchaser, located at 5005 Newport Drive, Rolling Meadows, IL 6008, hereinafter referred to as the (&quot;Closing Date&quot;). At the closing, Seller shall deliver to Purchaser all documents necessary to take possession of the Assets, and good and sufficient instruments of transfer, reasonably conveying and transferring the Assets to Purchaser. Such delivery shall be made against payment thereof, as applicable, and delivery to the Seller of the price as set forth herein above shall be made. The instruments of transfer shall contain covenants and warranties that Seller has good and marketable title in and to the Assets.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>5.</KBD>On the Closing Date, the Purchaser shall deliver (or cause to be delivered) to the Seller, as applicable, stock certificates representing the Shares, duly endorsed in form suitable for the issuance of valid title thereto and free and clear of any encumbrances. &nbsp;&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-22.5pt;margin-left:40.5pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>6.</KBD>Seller covenants, warrants and represents:&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:40.5pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:72pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>(a) </KBD>It is not presently involved in any activity or outstanding dispute with any taxing authority as to the amount of any taxes due, nor have they received any notice of any deficiency, credit or other indication of deficiency from any taxing authority.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:72pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>(b) </KBD>It is the owner of and has good and marketable title to all of the applicable Assets and no person or entity has, nor will have, any claim against any of the Assets.&#160;&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:72pt'><KBD style