Inter Asset Japan Lbo No 1 Fund Sample Contracts

SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • June 16th, 2005 • Inter Asset Japan Lbo No 1 Fund • Communications services, nec • Delaware

THIS SHARE EXCHANGE AGREEMENT (the “Agreement”) is made as of April 20, 2005, by and between IA Global Inc., a corporation organized and existing under the laws of the State of Delaware (the “Investor”), and Mr. Hideki Anan, Mr. Kyo Nagae, and Mr. Hiroki Isobe (each a “Seller”, and collectively referred to as the “Sellers”), relating to the exchange of the Investor’s common stock (“Investor Stock”) for shares (the “Company Shares”) of Global Hotline Co., Ltd., a corporation organized and existing under the laws of Japan (the “Company”), held by the Sellers (the “Seller Shares”).

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CONFIRMATION OF CLOSE OF SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • June 16th, 2005 • Inter Asset Japan Lbo No 1 Fund • Communications services, nec

On April 20, 2005, IA Global Inc., a corporation organized and existing under the laws of the State of Delaware (the “Investor”), and Mr. Hideki Anan, Mr. Kyo Nagae, and Mr. Hiroki Isobe (each a “Seller”, and collectively referred to as the “Sellers”), entered into a Share Exchange Agreement (the “Agreement”) relating to the exchange of the Investor’s common stock (“Investor Stock”) for shares (the “Company Shares”) of Global Hotline Co., Ltd., a corporation organized and existing under the laws of Japan (the “Company”), held by the Sellers (the “Seller Shares”).

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