INVENTORY TRANSFER AGREEMENT
THIS
AGREEMENT is between Telesis Technology Corporation, a Florida corporation (the
company”), whose corporate address is 0000 00xx Xxxxxx
Xxxx, Xxxx X, Xxxxxxxx, Xxxxxxx 00000 and Xxxxx Xxxxxxxx (“individual”), a
Florida resident with an address at 0000 Xxxx Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx
00000.
WHEREAS,
the Company seeks to have the inventory owned by the individual be transferred
to Telesis Technology Corporation with free and clear title to the product for
consideration of six million restricted shares of Telesis Technology Corporation
Common Stock. The inventory is valued at an average market cost of at least $
463,561.44 dollars and is deliverable to the company upon signed execution of
this agreement.
THEREFORE,
both the company and the individual agree that the above terms and conditions
apply to this transaction. This is a Non Cancelable and non-returnable agreement
for the transfer of inventory.
AGREED,
this 4th day of
January, 2005.
Dated:
Tuesday, January 04, 2005
/S/:
Xxxxx
Xxxxxxxx
Xxxxx
Xxxxxxxx, for the
Company
_____/S/:
Xxxxx Vibhakar___________________________
Xxxxx
Xxxxxxxx, an Individual
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