Acquisition Agreement between ATNG Inc. and Blue Kiwi Inc. dated August 10, 2004
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Summary
ATNG Inc. has agreed to acquire Blue Kiwi Inc., a company holding proprietary nutritional supplement technology. Under the agreement, ATNG will pay Blue Kiwi’s sole shareholder, Robert C. Simpson, up to 10% of ATNG’s gross profit each month until a total of $5,000,000 is paid. No interest will be charged, and payments are based on product performance. The agreement aims to reduce ATNG’s financial burden while encouraging strong sales of Blue Kiwi’s products. Both parties have signed to confirm their acceptance of these terms.
EX-2.1 2 doc2.txt EXHIBIT 2.1 ATNG Inc. 1549 N Leroy St. Ste. D-200 Fenton, MI 48430 Date: August 10, 2004 Subject: Acquisition of Blue Kiwi Inc. Background: Blue Kiwi has been a strategic partner of ATNG since November of 2003. The technology (HBB1 - Human Bloodborne Bacterium 1) was developed in the center of expertise at Pathobiotek Inc. since 1993. The nutritional supplement application was developed over a 12 year period and the trade secrets and formulae became the property of Nutratek Inc. in 2002 and Nutratek Inc. changed its name to Blue Kiwi Inc. in November 2003. It was decided that Blue Kiwi Inc. would be acquired by ATNG Inc. soon after the "Involuntary Petition" was settled and Blue Kiwi was audited in 2004. According to auditors Malone and Bailey, L.L.C., "the audit in almost complete. Terms and Conditions: ATNG shall pay the sole shareholder of Blue Kiwi up to 10% of its gross profit on a monthly basis until $5000000 is paid in full. Robert C. Simpson (RCS) is the sole shareholder of Blue Kiwi. The sales projections are such that, if achieved, RCS will be paid in full in less than 5 years. No interest shall be charged since the products must perform to earn the price of the company and its technology. The intent of this contractual structure is to minimize financial load on ATNG and maximize the performance of Blue Kiwi products. We agree: to the Intent, Terms and conditions stated herein: ___________________________ _____________________________ Robert C. Simpson, Ph.D. George M. Singer Chairman - CEO, ATNG Inc. President - CEO, Blue Kiwi Inc.
