Exhibit 7.2
STOCK SALE
This agreement is made by and between the Gold & Xxxxx Transfer S.A. (G&A) of
British Virgin Islands corporation located at Xxxx xxxxxx Building, Wickhams
Cay, Road Town, British Virgin Islands and Xxxxx Xxxxx (AB), 0000 Xxxxx Xxxx,
Xxxxxxxxxx Xxxxxx, XX. 00000, XXX.
The Parties Agree as Follows:
1. AB warrants that he owns 700,000 shares of US WATS stock (symbol
USWI) and that the shares are free of any liens or encumbrances.
2. AB agrees to sell G&A 700,000 shares of USWI for $1.85 US Dollars
per share. Immediately upon the receipt of $1,295,000 US Dollars, and
in no case later than one week, AB agrees to deliver via
overnight courier or in person the stock certificate for the 700,000
shares of USWI.
3. This agreement shall be interpreted under the laws of Delaware.
4. All notices required to be delivered under this agreement will be
considered delivered if sent via courier with signed receipt to the
address above for AB and to the address and contact below for G&A:
Xxxx Xxxxxxxx
c/o Entree International
0000 X Xxxxxx, XX, Xxxxx 000
Xxxxxxxxxx, XX 00000
Phone 000-000-0000
5. No party to this agreement may assign or transfer the obligations
hereunder.
10. This agreement is the entire agreement between the parties and can
only be changed or modified by mutual agreement in writing signed by both
parties.
Xxxxx Xxxxx Gold & Xxxxx Transfer S.A.
/s/ Xxxx Xxxxxxxx,
/s/ Xxxxx Xxxxx Power of Attorney in Fact
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(Signature) (Signature/Title)
10/6/98 10/2/98
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