Asset Purchase Agreement dated January 16, 2018

EXHIBIT 10.1

ASSET PURCHASE AGREEMENT

THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made this 16th day of January 2018, by Ngen Technologies USA Corp. (“NUSA”), a Texas Corporation and NUSA’s wholly owned subsidiary, Ngen Technologies Korea, LTD (“NKOR”), whereby NUSA and NKOR and are referred to as the “Sellers” and Greenfield Farms Food, Inc., a Nevada Corporation ("GRAS" or the “Buyer”).

RECITALS:

WHEREAS, the Seller is in the business of research, design and manufacturing of proprietary 3D mobile display module for the smartphone and other telecom OEM’s. The 3D module once installed during the MCD or OLED manufacturing stage, allows the display of 3D content without the use of 3D glasses (the “NKOR Business”).

WHEREAS, the parties intend that the Buyer shall acquire from the Seller the above-identified NKOR Business and all Seller's rights, title and interest, in and to certain property and assets, of the NKOR Business, including, but not limited to, the proprietary technology, manufacturing know -how, customers, purchase orders and contracts, inventory, accounts receivable, fixed assets and will assume accounts payable and other liabilities as the parties may agree upon (the “Purchased Assets”).

NOW THEREFORE, for the reasons set forth, and in consideration of the mutual covenants and promises of the parties hereto, and intending to be legally bound, the Sellers and Buyer agree as follows:

NOW, THEREFORE, the parties agree as follows:

A. Purchased Assets. Subject to the provisions of this Agreement and the exhibits hereto, Buyer agrees to purchase, and Seller agrees to sell, all Seller's rights, title and interest, in and to the Purchased Assets, as listed in Exhibit A to this Agreement.

B. Books and Records. All data, records, files, manuals, and other documentation primarily or exclusively related to or necessary for the ownership, maintenance, use and/or exploitation of the Purchased Assets by the Sellers including: (i) material studies, reports, correspondence and other similar material documents and records primarily or exclusively related to the Purchased Assets, whether in electronic form or otherwise, (ii) client and customer lists, vendor lists, referral sources, research and development reports, production reports, operating guides and manuals, creative materials, advertising materials, promotional materials, studies, reports, and, subject to any Applicable Law, copies of all personnel records, (iii) all patent files, file histories, engineering documents and other technical correspondence reflecting, relating to or used in connection with the Purchased Assets.

C. Assumed Liabilities. Except for the liabilities listed in Exhibit B to this Agreement, the Buyer shall assume no liability of the Sellers. No other liabilities of any kind or nature will be assumed under this Agreement.

The purchase price for the NKOR Business is $7,000,000, to be paid in the form of the attached note (Exhibit C).

3.1. Sellers have all necessary power and authority to own, lease and operate the Purchased Assets and to operate the NKOR Business as now being conducted;

3.2. Sellers have the requisite power and authority to execute, deliver, and perform this Agreement, and when executed and delivered to Buyer will constitute a valid and binding obligation of Seller;

3.3. Neither the execution, delivery nor performance of this Agreement nor the consummation of the transactions contemplated hereby: (i) will conflict with, will result in a violation of any applicable law or judgment; (ii) will result in a breach of any assumed obligation; or (iii) will create any lien or encumbrance upon any of the Purchased Assets;

3.4. Sellers have good and marketable title to all Purchased Assets and none of the Purchased Assets is subject to any lien, encumbrance, claim, pledge, hypothecation, charge, mortgage, security interest, or restriction of any nature (collectively, the “Liens”);

3.5. There are no actions, suits, proceedings, orders or claims pending or threatened against Sellers, or pending or threatened by Seller against any third party which relate to, or in any way affect, the Purchased Assets or the operation of the NKOR Business;

3.6. Sellers have complied in all material respects with all applicable federal, state and local laws, rules, regulations, ordinances, codes, statutes, judgments, orders and decrees in connection with the ownership of the Purchased Assets and the operation of the NKOR Business and that neither the ownership nor the use of the Purchased Assets conflicts with the rights of any other person or entity;

3.7. Sellers have no contingent liabilities or other liabilities with respect the Purchased Assets.

3.8. The books and other records of the Seller relating to the NKOR Business are true, correct and complete in all material respects;

3.9. The Purchased Assets include all Purchased Assets used or useful in connection with the operation of the NKOR Business as currently operated;

3.10. Upon the consummation of the transactions contemplated hereby, Seller will transfer good and valid title to the Purchased Assets free and clear of any Liens;

3.11. The Purchased Assets will be fit for their intended purposes and be fully functional as represented prior to the Closing;

3.12. No brokers or other intermediaries were involved in the sale of the Purchased Assets and no fees or commissions are now outstanding.

3.13. No insolvency proceedings of any character, voluntary or involuntary, affecting the Purchased Assets are pending;

3.14. There are no existing agreements with, options or rights of, or commitments to any person, other than to Buyer, to acquire any of the Purchased Assets or any interest therein;

3.15. The sale of the Purchased Assets pursuant to this Agreement is made in exchange for fair and equivalent consideration. Seller is not now insolvent and will not be rendered insolvent by the sale, transfer and assignment of the Purchased Assets pursuant to the terms of this Agreement. Seller is not entering into this Agreement or any of the other agreements referenced in this Agreement with the intent to defraud, delay or hinder their respective creditors and the consummation of the transactions contemplated by this Agreement, and the other agreements referenced in this Agreement, will not have any such effect. The transactions contemplated in this Agreement or any agreements referenced in this Agreement will not constitute a fraudulent conveyance, or otherwise give rise to any right of any creditor of Sellers to any of the Purchased Assets;

3.16. Sellers warrant that any information provided to Buyer is true and correct and is a fair and accurate presentation of the Purchased Assets and is unaware of any conditions that would adversely affect or substantial impair the Purchased Assets; and

3.17. There are no material omissions or untrue statements contained in this Agreement which are misleading.

4.1 Deliveries of the Sellers. The Sellers shall deliver to the Buyer at Closing:

(i) at the Closing, an executed copy of this Agreement;

(ii) Complete list of assets to be transferred;

(iii) resolutions of the board of directors of Sellers, authorizing the execution, delivery and performance of this Agreement, each certified by the secretary of Sellers as being complete and in full force and effect on the Effective Date.

(iv) such other agreements, documents, certificates, and instruments reasonably requested by the Buyer to be delivered to the Buyer at or prior to the Closing in connection with the Sellers’ obligations under the terms of this Agreement.

4.2 Deliveries of the Buyers. At the Closing, the Buyer shall deliver to the Sellers:

(i) at the Closing, an executed copy of this Agreement;

(ii) Promissory note in the amount of $7,000,000 (attached)

(iii) a certificate of good standing of Buyer issued within ten (10) calendar days of the Effective Date.

(iv) copies of resolution of the board of directors of Buyer, authorizing the execution, delivery and performance of this Agreement, certified by the secretary of Buyer, as being complete and in full force and effect on the Effective Date.

(v) such other agreements, documents, certificates, and instruments reasonably requested by the Seller to be delivered to the Seller at or prior to the Closing in connection with the Buyer’s obligations under the terms of this Agreement.

All notices shall be deemed delivered upon receipt.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.

SELLER: Ngen Technologies USA Corp			BUYER: Greenfield Farms Food, Inc.
By:			By:	/s/ Jason Koo
	Clifford Rhee			Jason Koo
	Chief Executive Officer			Chief Executive Officer
SELLER:
Ngen Technologies Korea, LTD
By:	/s/ CW Park
	CW Park
	Chief Executive Officer

EXHIBIT A

PURCHASED ASSETS

Intellectual Property Assignment Agreement (attached)

Inventory

Accounts Receivable

All Contracts

EXHIBIT B

ASSUMED LIABILITIES

None

EXHIBIT C

Promissory Note