AGREEMENT TO PURCHASE CORPORATE STOCK
AGREEMENT TO PURCHASE CORPORATE STOCK
This agreement made effective July 1, 2002, is written for the express purpose of evidencing the entire agreement of the parties with regard to the sale of one hundred (100%) per cent of the outstanding ownership of Cybertron, Inc. (formerly Cyber Cities Technologies, Inc.), a Hawaii corporation.
Whereas, Founders Industries, Inc., and Xxxxx X. Xxxxxx, a Trustee for the shareholders of Founders (collectively hereafter referred to as 'Founders'), seller herein, is the owner of the unencumbered sole stock certificate, and has full authority and power to sell the same; and
Washington Investment Company (hereafter Washington), purchaser herein, desires to acquire one hundred (100%) per cent of the outstanding ownership of Cybertron, Inc., (formerly Cyber Cities Technologies, Inc.). Assets and liabilities of Cybertron are as shown on the balance sheet and schedules previously provided to purchaser by Founders.
Washington and Founders both specifically agree that Washington, its agents and representatives, disclaims any personal or other obligation to assume the liabilities of Cybertron, Inc., conveyed herein, but that any future actions on any of the liabilities shall go with the entity.
SIGNED (as if on, although not necessarily on) this 1st day of July, 2002
WASHINGTON INVESTMENT COMPANY
By: /s/ X. X. Xxxxx
X. X. Xxxxx, Manager
00 Xxxxxxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
FOUNDERS INDUSTRIES, INC.
By: /s/ Xxxxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx
Xxxxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Trustee
0000 Xxxx Xxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxx 00000
