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 Solar Investment Group, L.L.C.,
X.X. Xxx 0000, Xxxxxxxxx, XX 00000, XXX.
The Parties Agree as Follows:
1. G&A warrants that it owns more than 1,010,000 (One Million) shares of
US WATS stock (symbol USWI) and that the shares are free of any liens
or encumbrances.
2. G&A agrees to sell XXXX 1,010,000 shares of USWI at $1.31 each for a
total purchase price of $1,323,100.00 US Dollars (One Million Three
Hundred Twenty Three Thousand One Hundred US Dollars). G&A having
already received the consideration of 1,323,100.00 US Dollars, agrees
to deliver share certificate(s) representing 1,010,000 shares of USWI
to XXXX within 10 days.
3. The shares of USWI stock being sold may be restricted 144 type stock
per the SEC regulations since G&A owns more than 10% of the
outstanding shares and is considered an affiliate of USWI.
4. This agreement shall be interpreted under the laws of Delaware.
5. All notices required to be delivered under this agreement will be
considered delivered if sent via courier with signed receipt or via
US mail return receipt to the address above for XXXX 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
6. No party to this agreement may assign or transfer the obligations
hereunder.
7. 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.
Solar Investment Group, L.L.C. Gold & Xxxxx Transfer S.A.
/s/ Xxxxx X. Xxxxx, Pres /s/ Xxxx Xxxxxxxx, Power of
Attorney in Fact
------------------------- ----------------------------
Signature/Title Signature/Title
Xxxxx X. Xxxxx Xxxx Xxxxxxxx
--------------------------- -----------------------------
Print Name Print Name
7/27/99 7/28/99
----------------- ----------------------
Date Date
