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UC HUB GROUP INC.
AGREEMENT: ASSET
ACQUISITION OF INTERNATIONAL WASTEWATER SYSTEMS AND ALL IP:
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This
document completes our discussions pursuant to which UC HUB GROUP
INC.(the "Company"),
will acquire the assets, as listed in Attachment A
("Assets"), of
International
Wastewater Systems at 2020 Charlotte St, Bozeman,
MT 59718 ("IWS"), for One Million Five Hundred
Shares upon signing the formal
agreements and
an additional equal
amount (One Million Five Hundred Thousand R
144 shares) upon
hitting sales benchmarks to be agreed upon by Larry Wilcox and
Claude Smith.
Notwithstanding
this, in the event, the IWS subsidiary,
after
acquisition, is
sold or made available in some new corporate form, the
additional One
Million Five Hundred thousand Shares, will
be deemed earned by
the original
owners of IWS.
The
following are the material terms of the acquisition:
1.
ACQUISITION.
Acquisition, a
Wastewater
System with software and
licenses and
related Intellectual
Properties organized and in business for the
past years,
shall be acquired with the Assets of "IWS"
. "IWS" will become
a
subsidiary of the
parent company, UC Hub, Group Inc. In addition the operating
liabilities of
past and during transition will not be part of any deal or
liability to UC Hub and IWS hereby represents that they do not and
will not have
a negative
burn or loss during this transition as the full intent of
this
acquisition is
to remain and build a positive balance sheet.
2.
ASSET PURCHASE
AGREEMENT. A detailed
Asset Purchase Agreement (the
"Agreement") will
be prepared by our counsel which will
contain the terms set
forth herein
and other mutually
acceptable and customary provisions including,
but not limited to representations and warranties
of each party to the other,
undertakings of
"IWS" as to the conduct of its business prior to the
acquisition,
conditions precedent
to the acquisition, and required opinions of
counsel for each party. The Agreement will be
executed on the Closing Date, as
defined in
Section 6 hereof.
3.
REPRESENTATIONS AND
WARRANTIES.
The Agreement contains customary
detailed
representations and warrantie
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