STOCK SALES AGREEMENT
THIS STOCK SALES AGREEMENT ("Agreement"), (which is subject to
Board of Directors Approval), is made and entered into as of July
28, 2000, by and between INTERNET BUSINESS'S INTERNATIONAL, INC.,
a Nevada Corporation ("Seller"), and , an individual.
RECITALS
A. WHEREAS, Seller owns or controls 10% of outstanding
shares ("The Shares") of PMCC INC., ("The Company").
B. WHEREAS, Seller desires to sell and transfer to Buyer and
Buyers desires to purchase and acquire from Seller, 10% of the
Shares of Stock of PMCC, Inc., upon the terms and subject to the
conditions set forth in this Agreement.
TERMS AND CONDITIONS
NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:
1. Purchases and Sale. Seller hereby sells, assigns,
transfers and delivers to Buyer, and Buyer hereby purchases and
acquires from Seller, the Shares upon the terms and subject to
the conditions set forth in this Agreement.
2. Purchase Price; Payment Terms.
(a) The purchase price of the stock is $3.75 per share, and the
seller shall transfer 370,000 shares of PMCC to Buyer as monies
are paid.
If the shares issued to Buyer fail to become trading within six
months from date of payment then the Seller will issue to the
Buyer the equivalent number of shares of stock from IBUI.
The Seller has good and marketable title to shares of stock PMCC
that it is selling to Buyer.
3. Full Disclosure. None of the warranties made by Seller,
in this Agreement contain untrue statement of material fact.
4. Attorneys' Fees and Costs. Each party shall be solely
responsible for the costs and fees of its own attorneys in
connection with the negotiation of this Agreement. If any suit,
legal proceeding, arbitration or other action is brought for the
enforcement of this Agreement, or because of an alleged dispute,
breach, default or misrepresentation in connection with any of
the provisions of this Agreement, the successful or prevailing
party shall be entitled to recover its reasonable attorneys' fees
and other cost incurred in such proceeding or action, in addition
to any other relief to which it may be entitled.
5. Governing Law. This Agreement will be construed in
accordance with, and governed by, the laws of the State of
California as applied to contracts that are executed and
performed entirely in California.
6. Disputes; Arbitration over Price. Any dispute arising
between the parties, their agents or employees shall be submitted
to arbitration before JAMS/ENDISPUTE of Orange County,
California.
7. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their
respective successors and assigns.
8. Counterparts and Facsimile Transmission. This Agreement
may be executed in two or more counterparts, each of which shall
be deemed an original, and all of which when taken together shall
constitute one and the same document. The signature of any party
to any counterpart shall be deemed a signature to, and may be
appended to, any other counterpart. Any party may deliver its
signed counterpart of this Agreement to the other party by
facsimile transmission, and such delivery shall be deemed made
and completed upon receipt of such facsimile transmission by the
other party. Any party delivering a signed counterpart by
facsimile transmission agrees to promptly send the counterpart
bearing its original signature to the other party; provided that
a delay or failure to do so shall not negate the effectiveness of
the delivery made by the facsimile transmission.
9. Entire Agreement. This Agreement contains the entire
understanding between the parties hereto with respect to the
subject matter hereof and supersedes any and all prior or
contemporaneous written or oral negotiations or agreements
between them regarding the subject matter hereof. No additions,
modification or amendment of or to any term or provision of this
Agreement, or to this Agreement as a whole, shall be effective
unless set forth in writing and signed by all the parties hereto.
10. No Interpretation Against Draftsman. Both parties have
had an equal role in the preparation of this Agreement, such that
there shall be no interpretation or construction of terms against
the draftsman.
11. Attorneys. Seller and Buyer each acknowledge that
counsel represents the other and neither is relying in any
respect on any statements or representations of the other party's
counsel.
WHEREFORE, the parties agree:
SELLER:
INTERNET BUSINESS'S
INTERNATIONAL, INC.
By: /s/ Xx Xxxx
Xx Xxxx, CEO
