Sale of Business by Transfer of Capital by PrestigeLegalDoc

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									       SALE OF BUSINESS BY TRANSFER OF CAPITAL
              THIS AGREEMENT made as of the ______ day of _____________,
2_____.

B E T W E E N:
                            ________________________________________;

                            (hereinafter called the "Vendor")

                                                                       OF THE FIRST PART,

                                    - and -

                            ________________________________________;

                            (hereinafter called the "Purchaser”)

                                                                    OF THE SECOND PART.
1.00          RECITALS

              WHEREAS

1.01        The Vendor is the registered and beneficial owner of
__________________ (____) shares in the capital of _______________________ (the
"Company");

1.02          The Purchaser has agreed to purchase from the Vendor the
________________ (____) shares in the capital of the Company (hereinafter referred to
as the "Sold Shares") owned by the Vendor and the Vendor has agreed to sell to the
Purchaser the Sold Shares upon and subject to the terms and conditions hereinafter set
forth;

              NOW THEREFORE THIS AGREEMENT WITNESS that in
consideration of the mutual agreements herein contained, and the sum of One Dollar
($1.00) now paid by the Purchaser to the Vendor (the receipt and sufficiency whereof is
hereby acknowledged by the Vendor), the Parties hereto covenant and agree as follows:

2.00          PURCHASE AND SALE
2.01           The Purchaser shall purchase from the Vendor and the Vendor shall sell to
the Purchaser, upon and subject to the terms and conditions hereof, the Sold Shares as at
_______________________ (the "Effective Date").

3.00           PURCHASE PRICE

3.01           The Parties agree that the Purchase Price, subject to any adjustments
provided 
								
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