intellectual property rights sales agreement aspire japan, inc. ( hereafter, " aspire " ) is selling the intellectual property of the aqua - make system to global investment service, inc. ( hereafter, " gis " ) with following conditions. ( sales of intellectual property ) 1. 1. aspire is selling the intellectual property of the aqua - make system defined below to gis. definition of the selling intellectual property : all registered patent, work - in - progress patent, and business and operation know - how of the aqua - make system defined in the intellectual property valuation report produced by aspire. ( price and payment plan ) 2. 2. gis must pay japanese 1. 6 billion yen ( when japanese yen is 110 yen to a us $ 1, 1. 6 billion japanese yen is us $ 14, 545, 455 ) ( excluding applicable sales tax ) to aspire for the above described intellectual property with the following payment schedule. ( 1 ) august 29, 2008 200 million japanese yen ( approx. us $ 1, 818, 182 ) ( 2 ) september 30, 2008 400 million japanese yen ( approx. us $ 3, 636, 364 ) ( 3 ) october 31, 2008 / 08 / 07 1 billion japanese yen ( approx. us $ 9, 090, 909 ) ( approximate figure calculate with us $ 1 = 110 japanese yen ) ( registration transfer documents ) 3. 3. aspire agrees to transfer the registered holder of the official patent to gis after receiving all payments described above from gis. gis agrees to pay for the direct expense to transfer the registered holder of the patent to aspire from gis. ( the timing of the bill of rights transfer ) 4. 4. gis understands that gis receives full rights of the intellectual property when the payment is paid fully. ( non - refundable ) page 1 of 3 page 1 of 3 page 1 of 3 ( patent payment ) 6. 6. gis agrees that gis will pay for any extra patent that aspire may have paid for the new patent before october 31, 2008. ( non - disclosure ) 7. 7. gis agrees that gis will not disclose any information regarding the aqua - make system. ( indemnification ) 8. 8. gis understands the meaning and legal consequences of the representations and warranties contained in this agreement, and agrees to indemnify and hold harmless the