Exhibit 2.1
QUIKCAT AUSTRALIA PTY LTD
(ABN 82 106 946 043)
0/00 XXXXX XXXXXX
XXXX XXXXX XX 0000
XXXXXXXXX
Xx. Xxxx Xxxxxxxxxx, Chief Executive Officer
IA Global, Inc.
000 Xxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
October 8, 2004
Dear Xx. Xxxxxxxxxx:
I am writing to confirm the terms of the Share Sale Agreement ("Agreement")
between IA Global, Inc.("IAO") and QuikCAT Australia Pty Ltd ("QCA") dated 15th
September 2004 and to notify you of the completion of a number of conditions
required under that agreement.
DATE OF COMPLETION
As per clause 7.1 of the Agreement, "Date for Completion":
The agreement states that the completion date will be not earlier than 1
October 2004 nor later than three days after the last date that the
Australian Securities and Investments Commission could notify any
objection to the share buy-back. Notwithstanding anything in this
Agreement to the contrary, QCA may, at its option, terminate this
Agreement at any time prior to 1 October 2004, in its sole an absolute
discretion. This Agreement shall become binding on the parties at 12:01
am, 1 October 2004, if not terminated by QCA prior thereto.
I hereby confirm that the Australian Securities and Investment Commission have
not objected within the provided time, to the share buy-back and that QCA has
not terminated the Agreement and that the terms of that agreement are now fully
binding upon QCA.
DELIVERY OF DOCUMENTS
Further, I note that under clause 7.2 "Delivery of documents signed by IAO":
At Completion, IAO must give to QCA the following items:
(a) SHARE TRANSFER: a share transfer between QCA and IAO in respect
of the Sale Shares duly executed by IAO; and
(b) OTHER: any other document reasonably required by QCA to effect
the share repurchase.
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Please fill in the attached share transfer form.
TRANSFER OF SHARES IN IA GLOBAL ACQUISITION CO.
The sale of 250,000 shares of IA Global Acquisition Co stock currently held by
Xxxxx-Xxxx Pontre, my wife, to IA Global Acquisition Co has been completed with
the wiring of $250 US.
INTERNET ACCELERATOR AGREEMENT
The separate agreement entitled INTERNET ACCELERATOR AGREEMENT was completed on
the day it was executed and there were no conditions subsequent or
administrative issues outstanding.
I would appreciate if you could sign below to note your confirmation of the
above.
Yours sincerely,
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
Director
QuikCAT Australia Pty Ltd
Agreed,
/s/ Xxxx Xxxxxxxxxx
Xxxx Xxxxxxxxxx
Chief Executive Officer
IA Global Inc.
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