EXHIBIT 10.1
SALE AGREEMENT
BuyNetPlaza
Nutek Inc.
00000 Xxxxxxxx Xxxx, Xxxxxxxxxx Xxxxx, XX 00000 Tel (000) 000-0000 Fax
(000) 000-0000
TABLE OF CONTENTS
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Table of Contents........................................................2
Confidentiality Statement................................................3
Existing Website.........................................................3
BuyNetPlaza.....................................................3
Purchase Agreement with Nutek Inc........................................3
RECITALS........................................................3
1. PAYMENT.....................................................4
2. CONSIDERATIONS/DISCLOSURES..................................4
3. CONFIDENTIALITY.............................................4
4. WARRANTIES..................................................4
5. INTEGRATION.................................................5
6. CONSTRUCTION AND JURISDICTION...............................5
7. ATTORNEY'S FEES.............................................5
CONFIDENTIALITY STATEMENT
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The information embodies in this Sale Agreement is strictly confidential and is
supplied on the understanding that it will be held confidentially and not
disclosed to third parties without the prior written consent of Nutek Inc.
EXISTING WEBSITE
BuyNetPlaza
The internet website XxxXxxXxxxx.xxx is currently up and operational.
PURCHASE AGREEMENT WITH NUTEK INC.
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Agreement entered into this 14th day of July 2000, by and between Bentley
Communications Corp. (BTLY) hereinafter referred to as "Purchaser" and Nutek
Inc. of 00000 Xxxxxxxx Xxxx, Xxxxxxxxxx Xxxxx, XX 00000 hereinafter "Seller".
RECITALS
WHEREAS, Purchaser is engaged in the business of acquiring, controlling and
managing various companies and Internet related websites.
WHEREAS, Seller has created an Internet Shopping site called XxxXxxXxxxx.xxx
referred to as the "site", and
WHEREAS, Purchaser seeks to acquire this site, BuyNetPlaza, Inc. and all
exclusive rights, title and interest to the site.
WHEREAS, Purchaser and Seller have agreed to enter into this Agreement whereby
Purchaser will acquire site by purchasing the XxxXxxXxxxx.xxx,
XxxXxxXxxxxxxx.xxx and XxxXxxX0X.xxx domains, the current XxxXxxXxxxx.xxx
website currently hosted on the Interland server and the XxxXxxXxxxx.xxx logo's
of Seller.
Upon execution of this Agreement Purchaser will acquire the site and all
exclusive rights, title and interest to the site.
NOW, THEREFORE, in consideration of these premises and those other terms and
conditions set forth hereinafter, the parties agree as follows:
1. PAYMENT
1. Seller shall receive One Hundred Thousand (100,000) shares of Bentley
Communications Corp. common restricted stock within 30 days of signing
this Agreement.
2. CONSIDERATIONS/DISCLOSURES
2. Seller agrees the average closing price of Purchaser's stock for the
week 07/10/2000 - 07/14/2000 was ($0.72). This stock has an effective
value of Seventy Two Thousand dollars ($72,000). Should Purchaser
initiate a reverse split on their common stock within a 24 month period
of Seller receiving the stock and the effect of the reverse up to 90
days after making the reverse reduces Sellers value by less than
Seventy Two Thousand ($72,000) dollars. Then Purchaser will issue
additional common Restricted stock to Seller to make the value after
the reverse the same as at date of this agreement.
3. Seller has demonstrated and shown to purchaser that XxxXxxXxxxx.xxx is
comprised of branded technology from Xxxxxxxx.xxx for the Books, Music
and Video Store. The use and features were demonstrated. Seller
informed Purchaser that the site is currently hosted at Interland where
hosting has been pre-paid until September 2001. Seller also
demonstrated the PDGSoft shopping cart software and the integration of
the software into the site.
4. Seller will assist in a best efforts basis with ensuring there is an
efficient transition of the ownership of the site to Purchaser and all
passwords and usernames will be provided.
3. CONFIDENTIALITY
Seller and Purchaser agree to hold all information that both obtain as
confidential for the purposes of this agreement. Seller and Purchaser agree not
to use or disclose confidential information to any person or entity, except as
necessary under this Agreement. Nothing herein above written shall prevent the
parties from making any disclosure which is required by law, government
regulation, or rule, or which disclosure is ordered or otherwise required by a
court of competent jurisdiction through its subpoena power or otherwise or by a
state or federal regulatory or other governmental agency.
4. WARRANTIES
Seller hereby represents and warrants to Purchaser the following:
Seller is a corporation duly incorporated, validly existing and in good standing
under the laws of the State of Nevada.
The execution, delivery and performance of this Agreement is within Seller's
powers and does not contravene any law or contractual restriction binding on or
affecting Seller.
This Agreement is a legal, valid and binding obligation of Seller enforceable
against Seller in accordance with its respective terms.
Seller has full right, title and ownership of the Site.
Purchaser hereby represents and warrants to the Seller the following:
Purchaser is a corporation duly incorporated, validly existing and in good
standing under the laws of the State of Florida.
The execution, delivery and performance by Purchaser of this Agreement is within
Purchaser's corporate powers, ahs been duly authorized by all necessary
corporate or stockholder action on its part, does not contravene restriction
binding on or affecting Purchaser or any of its properties, and do not result in
or require the creation of any lien, security interest or other charge or
encumbrance upon with respect to any of its properties.
This Agreement is a legal, valid and binding obligation of Purchaser enforceable
against Purchaser in accordance with its respective terms.
5. INTEGRATION
This Agreement together with all exhibits amendments and supplements represents
the complete and entire Agreement between the parties hereto. This Agreement
either embodies or supercedes all prior, contemporaneous or subsequent oral
agreements, representations, understandings, and all written notations,
memoranda or correspondences of any party hereto, their agents, employees or
other related persons, related to the work contemplated in this Agreement.
6. CONSTRUCTION AND JURISDICTION
This Agreement shall be construed and enforced pursuant to the laws of the State
of California, USA. By affixing their signatures to this agreement, the parties
hereby submit themselves to the courts of the State of California, for the
judicial resolution of any dispute arising under the terms, interpretation or
performance of this agreement. If any one or more paragraphs in this Agreement
is found to be unenforceable or invalid, the parties agreement on all other
paragraphs shall remain valid. Non enforcement of any section of this Agreement
by either party does not constitute a waiver or consent and both parties reserve
the right to enforce this Agreement at their discretion.
7. ATTORNEY'S FEES
In the event that either party is required to retain counsel to enforce the
provisions of this Agreement or to bring legal action to enforce the provisions
of this Agreement or remedy any breaches of this Agreement, the prevailing party
in such action shall be entitled to its costs and attorney's fees incurred in
such action or procedure, whether or not an action is ultimately files in a
court of proper agreed jurisdiction.
WHEREFORE, the parties have affixed their signatures to this Agreement the date
first above stated. Furthermore, by signing this Agreement all signature parties
acknowledge they fully understand and agree to all terms and conditions of this
Agreement.
Seller Purchaser
By: /s/ Xxxxxx Xxxxxxxx By: /s/ Xxxxxx Xxxxxx
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Xxxxxx X. Xxxxxxxx Xxxxxx Xxxxx Xxxxxx, Ph.D.
President/CEO Chief Financial Officer
Nutek Inc. Bentley Communications Corp.
Date: 7/14/2000 Date: 7/14/2000
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