EXHIBIT 4 (a)
OFFER TO PURCHASE
-----------------
NAME: XXXXX XXXXXXXX
of the city/town of TORONTO in the province of ONTARIO (as Purchaser)
XXXXXX AGREES TO AND WITH XXXXXXXXX.XXX INC. (as Vendor) to purchase
1,415,000 common shares of World Vacation Xxxx.xxx (WVC) owned by the Vendor for
$10 (ten dollar only) and subject to the condition described herein, which
amount is hereby considered fully paid by way of the purchaser completing
certain work on the web site of the vendor to the vendor's satisfaction.
Condition which will survive the sale for a period of five years from the date
of this Agreement -
Should the purchaser dispose of the purchased shares in WVC at a price higher
than $10, the excess over $10 will be shared with the Vendor at the rate of 80%
to the vendor and 20% to the Purchaser
The Vendor represents and warrants that IT is the owner of the assets
herein agreed to be purchased, and that the same are free and clear of all liens
and encumbrances whatsoever. It also warrants that the existing shareholders of
WVC do not have any objection to the sale of the said shares to the Purchaser.
The Purchaser acknowledges that it is aware of the facts that:
I. WVC is a private company and its common shares currently do not
have any market and are not trading publicly, and
II. The proposed business of WVC may require certain licences or
other filings to comply with regulatory requirements in order for
WVC to engage in its proposed businesses.
This Offer when accepted shall constitute a binding contract of purchase
and sale, and time in all respects shall be of the essence of this Agreement.
The parties hereto agree that there is no representation, warranty
collateral agreement or condition affecting this Agreement or stipulated hereby
other than as expressed herein in writing.
This Offer and its acceptance to be read with all changes of gender or
number required by the context.
DATED at TORONTO this 22ND day of MARCH, 2001.
SIGNED, SEALED AND )
DELIVERED in the ) /s/ Xxxxx Xxxxxxxx
presence of ) ----------------------
) Xxxxx Xxxxxxxx
)
The undersigned Vendor hereby accepts the foregoing offer.
DATED at TORONTO this 22ND day of MARCH 2001.
IN WITNESS WHEREOF WE have hereunto set OUR hand and seal.
SIGNED, SEALED AND )
DELIVERED in the ) /s/ Xxxxxxx Xxxxxxxx
presence of ) ----------------------
) FOR XXXXXXXXX.XXX INC.
) XXXXXXX XXXXXXXX
) CEO
62
