SHARE TRANSFER AGREEMENT
This Agreement dated effective as of the 30 th day of June, 2003.
BETWEEN:
NAME OF TRANSFEROR: XXXXXX XXXXXXXX
ADDRESS OF TRANSFEROR: 0000 Xxxxxx Xxxxx
Xxxxx Xxxxxxxxx, XX
(the “Transferor”)
OF THE FIRST PART
AND:
NAME OF TRANSFEREE : XXXXXXXXXXX XXXXX
ADDRESS OF TRANSFEREE: 00 Xxxxx Xxxxxx,
Xxxxx, Xxxxxxxxx Xxxxxxxx
OF THE SECOND PART
THIS AGREEMENT WITNESSES THAT in consideration of the payment of $0.011 US per share and other good and valuable consideration, by the Transferee to the Transferor, the receipt and sufficiency of which is acknowledged, and in reliance of the representations and warranties of the Transferee, the Transferor hereby sells, assigns and transfers to the Transferee the number of shares of common stock of Busanda Explorations Inc. (the “Company”) set forth below (the “Shares”) free and clear of all liens, charges and encumbrances. The Transferee acknowledges and agrees that the Shares are restricted shares, as contemplated under the United States Securities Act of 1933 (the “1933 Act”) which have been issued to the Transferor pursuant to Section 4(2) of the 1933 Act without registration and that all share certificates representing the Shares will be endorsed with the following legend:
“ THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN ISSUED IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE APPLICABLE PROVISIONS OF THE ACT OR ARE EXEMPT FROM SUCH REGISTRATION. ”
The Transferee represents and warrants to the Transferor that:
(1) The Transferee is acquiring the Shares for his own account for investment purposes, with no present intention of dividing his interest with others or reselling or otherwise disposing of any or all of the Shares;
(2) The Transferee does not intend any sale of the Shares either currently or after the passage of a fixed or determinable period of time or upon the occurrence or nonoccurrence of any predetermined event or circumstance;
(3) The Transferee has no present or contemplated agreement providing for the sale or other disposition of the Shares;
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(4) The Transferee is not aware of any circumstance presently in existence which is likely in the future to prompt a sale or other disposition of the Shares; and
(5) The Transferee possesses the financial and business experience to make an informed decision to acquire the Shares and has had access to all information relating to the Company and its business operations which would be necessary to make an informed decision to purchase the Shares.
(6) The Transferee is an investor in securities of companies in the development stage and acknowledges that he is able to fend for himself, can bear the economic risk of his investment in the Company, and has such knowledge and experience in financial or business matters such that he is capable of evaluating the merits and risks of the investment in the Shares.
This Agreement may be executed in several parts in the same form and such parts as so executed shall together constitute one original agreement, and such parts, if more than one, shall be read together and construed as if all the signing parties hereto had executed one copy of this Agreement.
IN WITNESS WHEREOF , the parties have executed this Agreement effective as of the date of this Agreement.
NUMBER OF SHARES TRANSFERRED: 600,000___ Shares of Common Stock
AGGREGATE PURCHASE PRICE: $6,600.00__ US
TRANSFEROR /s/ Xxxxxx Xxxxxxxx
SIGNATURE OF TRANSFEROR: ______________________________
NAME OF TRANSFEROR: XXXXXX XXXXXXXX
TRANSFEREE /s/ Xxxxxxxxxxx Xxxxx
SIGNATURE OF TRANSFEREE: __________________________________
NAME OF TRANSFEREE: XXXXXXXXXXX XXXXX
