EXHIBIT 10.02
PURCHASE CONTRACT
between
Xxxxxx Services Ltd B.V.I.
Town Road
Tortola (British Virgin Islands)
(known as the Seller)
represented by Xx. Xxxx Xxxx, director
and
SECTOR COMMUNICATIONS, INC.
Xxxxx 000
0000 Xxxxxxxxxxx Xxxx
XxXxxx, XX 00000
(known as the Purchaser)
represented by Xx. Xxxxxxxx Xxxxxxxxx, Chairman & CEO
The following contract has been agreed:
1) The Seller is in possession of 100% of the shares of IHC Inter Hotel Club AG,
(the Company) actually Xxxxxxxxx. 00, XX 0000 Xxx. He sells these shares to
the Purchaser with all rights and liabilities.
2) The purchase price is set at CHF 15'000.-- (fifteen thousand)
3) The Purchaser transfers CHF 15'000 to the Bank account of the seller .
(account Nr. PO-273,669.0 at Swiss Bank Corporation, Zurich by July 31,
1996.)
4) The Seller has already closed at his costs the company's Bank account and
Post Office account.
5) The Seller is responsible for filing the tax declaration for 1996 for the
Federal Tax Authorities, the Cantonal Tax Authorities of Zug and the Tax
Authorities of the City of Zug by October 1996.
6) The seller has cleared with the Swiss Federal Register of Commerce the change
of company's name to SECTOR COMMUNICATIONS AG (S.A., Ltd.). Upon signature of
this purchase contract he will file immediately the new name with the federal
and cantonal authorities. The costs therefore will be charged to the company.
Zug, June 20, 1996
The Seller: The Purchaser:
/s/ Xxxx Xxxx /s/ Xxxxxxxx Xxxxxxxxx
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