I hereby certify that the following document is a fair and accurate English
translation of the Buy-Sell Agreement among Xxx. Xxxxxxx Xxxxxx Xxxxxx Xxxxxx,
in representation of and with general legal powers and dominion over Desarrollo
Inmobiliario Xxxxxxx Xxxxxxxx, a corporation of variable capital, and Nupro
Innovation de Mexico, a corporation of variable capital, represented by its Sole
Administrator, Xxxxxxx Xxxxx Xxxxxxxx de Cima.
/s/ Xxxx Xxxxxxxxxxx
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Xxxx Xxxxxxxxxxx, President and Chief
Executive Officer of NuPro Innovations Inc.
II. BUY - SELL AGREEMENT -
Entered into by the first party, Xxx. Xxxxxxx Xxxxxx Xxxxxx Xxxxxx, in
representation of, with general legal powers and dominion over "Desarrollo
Inmobiliario Xxxxxxx Xxxxxxxx", a corporation of variable capital as the
"Selling Party"; and a second party, "Nupro Innovation de Mexico", a corporation
of variable capital, represented by its Sole Administrator, Xxxxxxx Xxxxx
Xxxxxxxx de Cima, as the "Buying Party";
STATEMENTS -
For the purposes of this agreement, Xxx. Xxxxxxx Xxxxxx Xxxxxx Xxxxxx, in
representation of, with general legal powers and dominion over "Desarrollo
Inmobiliario Xxxxxxx Xxxxxxxx", a corporation of variable capital, makes the
following statement:
I. That the party she represents is the legal owner of a lot of land
located in a place known as "Roca Fuerte" adjacent to the International Highway,
on the north side of Guaymas, Sonora, identified as Section "B", with an area of
6,176.56 (Six Thousand One Hundred Seventy-Six And Fifty-Six Hundreths) square
meters, having the following dimensions and adjacent sections: on the north:
with 54.26 (Fifty-Four And Twenty-Six Hundreths) meters, and 106.68 (One Hundred
Six And Sixty-Eight Hundreths) meters, it is adjecent to Section "A", owned by
"Desarrollo Inmobiliario Xxxxxxx Xxxxxxxx, corporation of variable capital; on
the south: with 160.94 (One Hundred Sixty And Ninety-Four Hundreths) meters, it
is adjacent to Section A, owned by "Desarrollo Inmobiliario Xxxxxxx Xxxxxxxx,
corporation of variable capital; on the east: with 33.24 (Thirty-Three And
Twenty-Four Hundreths) meters, and 15.24 (Fifteen And Twenty-Four Hundreths)
meters, it is adjacent to Section "A", owned by "Desarrollo Inmobiliario Xxxxxxx
Xxxxxxxx, corporation of variable capital; and on the west: with 48.48
(Forty-Eight And Forty-Eight Hundreths) meters it is adjacent to the
International Highway.
That said land was acquired by the represented party forming a larger area,
in a buy-sell agreement according to public deed 8,398 (Eight Thousand Three
Hundred Ninety-Eight), dated June twenty-eighth of the year nineteen hundred
ninety nine, issued by witness of Xx. Xxxx Xxxxxxxxx Xxxxx Xxxxx, Notary Public
Number Thirteen, in practice and residence within the corresponding Notary
District, which is entered in the Public Residential and Comercial Land Registry
of Guaymas, Sonora, number 54,964 (Fifty-Four Thousand Nine Hundred Sixty-Four),
Volume 579 (Five Hundred Seventy-Nine).
II. The "Selling Party" continues the statement under oath, that a request
was granted by the General Directorship of Planning and Development of the City
of Guaymas, Sonora to subdivide a property in two sections, Section "A" and
Section "B". Section "A" with an area of 13,181.70 square meters and Section "B"
with an area of 6,176.56 square meters, respectively, as recorded in document
DGPD/DPCU/381-99 (Three Hundred Eighty One Hyphen Ninety-Nine), dated August
Nineteen, Nineteen Hundred And Ninety-Nine, with Section "B" the one to be the
object of this buy-sell agreement; having been outlined in the first part of
this document.
III. That the property referred to in Statement number one (1) within this
document is free and clear of any liens and liabilities.
IV. That the property referred to in Statement number one (1) within this
document does not have any record of present use, provision, reserve, destiny
nor plan or resolution in connection to any rural or urban law of development in
the state of Sonora, nor in connection to any law of human settlement, written
in the Public Residential and Commercial Land Registry of this city.
V. Xxx. Xxxxxxx Xxxxxx Xxxxxx Xxxxxx continues her statement that the party
she represents has agreed to sell to "Nupro Innovation de Mexico", a corporation
of variable capital duly represented by its Sole Administrator, Xx. Xxxxxxx
Xxxxx Xxxxxxxx de Cima, who acquires the section of land described in the first
statement of this Buy-Sell Agreement, free of any lien or liability, is up to
date with all tax obligations, with no back payments due for utilities of water
and drainage, and with no limitations of dominion, property, or possession.
VI. Xx. Xxxxxxx Xxxxx Xxxxxxxx de Xxxx, declares under oath that the party
he represents, "Nupro Innovation de Mexico", a corporation of variable capital,
is a commercial entity constituted according to the laws of Mexico, having no
legal impediments, nor requiring special permission to acquire property or goods
within the Restricted Zone, according to Article 10 (ten) of the Laws of Foreign
Investments.
The above having been declared and accepted, the parties agree to the
following in good faith:
CLAUSES
FIRST: Xxx. Xxxxxxx Xxxxxx Xxxxxx Xxxxxx, in representation of, with
general legal powers and dominion over "Desarrollo Inmobiliario Xxxxxxx
Xxxxxxxx", a corporation of variable capital, sells, cedes and formally
transfers, free of any lien or liability, up to date in the payment of taxes,
and with no back payments due on the services of water and drainage, to "Nupro
Innovation de Mexico", a corporation of variable capital, which acquires by
means of this act through Xx. Xxxxxxx Xxxxx Xxxxxxxx de Cima, as the Sole
Administrator, the Real Estate whose location, area, measurements and adjacent
sections has been described in this document, being wholly represented in this
clause with the entire description being made acceptable for any legal purpose.
SECOND: The transfer includes the lot of land which is the object of this
document, with its uses, customs, utility, availability and rights that are
within its boundaries, measurements and adjacent lots, forcing the "Selling
Party" to fall within the measures of eviction according to the law.
THIRD: The price settled upon within this transaction is $926,484.00 (Nine
Hundred Twenty-Six Thousand Four Hundred Eighty-Four) pesos (Mexican Currency);
the amount which the "Buying Party" has paid in cash to the "Selling Party"
having satisfied each party prior to the signing of this document, said
signature of the "Selling Party" makes this a legal receipt of the safe transfer
of the funds, without having any reason to file any complaints relative to this
transaction.
FOURTH: The parties agree that the mentioned price in the previous clause
is fair and legal, that both parties acted voluntarily and were not victims of
any fraud, error, hurt, bad faith, violence, ignorance, inexperience, illegal
advantage, and waive their rights to cancellation, annulment, reduction and
terms of exercising, as well as to the stipulations in Articles Eighteen,
Ninety-Four, One Thousand Nine Hundred Fifty-Two, One Thousand Nine Hundred
Fifty-Three and any related Articles of the present Civil Code of the State of
Sonora.
FIFTH: The parties declare that they accept this document on its merits,
the "Selling Party" stating that as of this moment it transfers material and
legal possession of the real estate mentioned in this document to the "Buying
Party", such act no being subject to any taxation since the property is
presently vacant.
SIXTH: The sale of the object of this document is carried out free of any
and all obligations, with no taxes due on the property, and no fees for
utilities due for water and drainage services, nor any other debts.
SEVENTH: Both parties also agree that all costs, taxes, rights and
honoraria generated by the execution of this document will be charged to the
"Buying Party".
