Exhibit 7.2
STOCK SALE AGREEMENT
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 Xxxxxx Xxxxxxxx (MG), 00 Xxxxxxx
Xxxxx, Xxxxxxx, XX 00000, XXX.
The Parties Agree as Follows:
1. MG warrants that he owns more than 2,000,000 (Two Million) shares of
US WATS stock (symbol USWI) and that the shares a free of any liens or
encumbrances.
2. MG agrees to sell G&A 2,000,000 shares of USWI for $1.95 US Dollars
per share. Immediately upon the receipt of $3,900,000 (Three Million
Nine Hundred Thousand) US Dollars via wire transfer, MG agrees to deliver
via overnight courier or in person the stock certificate for the
2,000,000 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 MG and to the address and contact below for G&A:
Xxxx Xxxxxxxx
c/o Entree International
0000 00xx Xxxxxx, XX
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.
Xxxxxx Xxxxxxxx Gold & Xxxxx Transfer S.A.
/s/Xxxxxx Xxxxxxxx /s/ Xxxx Xxxxxxxx, Power of
Attorney in Fact
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(Signature) (Signature/Title)
7/20/99 7/19/99
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Date Date
