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EXHIBIT 10.2
THIS PURCHASE AND SALE AGREEMENT dated as of this 31st day
of July, 2000.
BETWEEN:
ALR TECHNOLOGIES INC., a corporation having an office at
00000 Xxx-Xxx Xxxx, Xxxxx 000, Xxxxxxx, Xxxxxxxxxx, X.X.X.,
00000-0000
(the "Vendor")
- and -
XXXXXX XX XXXXX, of 00 Xxxxxxx Xxxxxxx x-x, Xxxxx Xxxxxx, Xxxx
Xxxx
(the "Purchaser")
WHEREAS:
The Vendor is the registered and beneficial owner of
36,533,130 shares of A Little Reminder (ALR) Inc., a corporation
having an office at 1720 Xxxxx Avenue, P.O. Box 1083, Cheyenne,
Wyoming, U.S.A. (the "Shares");
The Vendor has agreed to sell and the Purchaser has agreed to
purchase the Shares as of the date of this Agreement (the
"Effective Date").
NOW THEREFORE THIS AGREEMENT WITNESSES that the parties
covenant and agree as follows:
1. Vendor's Representations and Warranties
The Vendor warrants and represents to the Purchaser that:
(a) the Vendor is the registered and beneficial owner of the
Shares and has good and marketable title thereto, free
and clear of any charge, encumbrance, lien or option; and
(b) the Vendor is entitled to sell the Shares to the
Purchaser as herein provided.
2. Purchase and Sale of the Shares
(a) The Vendor hereby sells and the Purchaser hereby
purchases as of the Effective Date the Shares for a
purchase price of $1.00 (the "Purchase Price"), to be
paid in cash by the Purchaser to the Vendor as of the
Effective Date.
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(b) The Vendor and Purchaser declare that the Purchase Price
represents their best estimate of the fair market value
of the Shares as at the Effective Date.
3. Miscellaneous
(a) The parties hereto shall execute such further and other
documents and assurances and perform such further acts
and things as may be reasonably necessary or desirable to
implement this Agreement.
(b) This Agreement shall enure to the benefit of and shall be
binding upon each of the parties, their heirs, executors,
administrators, successors and assigns, as the case may
be.
IN WITNESS WHEREOF the parties have executed this Agreement as
of the day and year first above written.
ATC TECHNOLOGIES INC.
Per: _____________________________
(Authorized Signatory)
__________________________________
Xxxxxx Xx Xxxxx
