EX-1
from S-1/A
~5
pages
Whereas: Auscrete or and Sprovieri Are the Owners of Manufacturing Equipment, Incorporating Developed Technology (“Assets”) That Comprises the Total Manufacturing Capability for the Production of Acc Cellular Concrete Panels That Form the Structure of Affordable, Energy Efficient Housing and Other Structures. Auscrete Wy Is Desirous of Securing a Manufacturing Facility for the Production of Affordable, Energy Efficient Housing and Other Structures and Wishes to Obtain the Assets From Auscrete or and Sprovieri for This Purpose. in Addition, Auscrete Wy Will Execute a Public Offering for a Minimum of $750,000 and a Maximum of $937,500 to Enable the Commencement of Their Business Operations. Auscrete or and Sprovieri Are Desirous of Transferring the Assets to Auscrete Wy Under the Terms of This Agreement So Auscrete Wy Can Commence Manufacture of Affordable, Energy Efficient Housing and Other Structures. Now: In Consideration of the Covenants and Agreements, Contained in This Agreement, the Parties Agree as Follows: 1. Acquisition of Assets. Auscrete Wy Agrees to Acquire From Auscrete Or, the Assets (As Defined in Schedule “A” Hereto), That Constitutes the Total Manufacturing Plant and Equipment, With Incorporated Technology Possessed by Auscrete or and Sprovieri
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