EXHIBIT 10.5
SALE OF SHARES
BETWEEN:
Xx. Xxxxxxxx XXXXXXX
Born on 1/7/1965 at FONTENAY AUX ROSES (Hauts de Seine) Residing at 0, Xxxxxxxxx
xx Xxxxxxx Xxxxxxx (00000) XXXXXXX Xxxxxx Single
Who declares:
-to be French resident;
-not to be incapacitated under the law
hereinafter referred to as "THE SELLER"
AS THE FIRST PARTY
AND
The company "SMART TECHNOLOGY INC"
Headquartered at: 000 Xxxxxxx Xxxxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000 XXX
Represented by Xx. Xxxx Xxxxxxxxxx
hereinafter referred to as "THE BUYER"
AS THE SECOND PARTY
IT IS FIRST DECLARED AS FOLLOWS:
The company "IRISIO" is in existence, is a limited responsibility company with a
capital of EURO 13,740, headquartered at JUVISY SUR ORGE (91269), 00, Xxxxxx xx
xx Xxxx xx Xxxxxx, Xxxxxx and identified under the number 434 728 283 at the
Commercial Registrar in EVRY, France.
The company specializes in the study, the conception and the marketing of
computerized products.
The capital is set at EURO 13,740 and divided into 1,374 shares with a value of
EURO 10 for each share, numbered from 1 to 1,374, which all belong to Xx.
Xxxxxxxx XXXXXXX.
1
This company is managed by Xx. Xxxxxxxx XXXXXXX, General Manager.
Xx. Xxxxxxxx XXXXXXX declares:
1. That he has the authority to sell the aforementioned shares of the company
"IRISIO" and that the shares belong to him in their entirety, free and
clear of all liens, attachments and commitments of all kinds;
2. That the company has been established under normal procedures, is validly
existing and has operated and continues to operate normally vis-a-vis the
rules and regulations and in accordance with its by-laws; that it has all
powers and authorizations to perform all required declarations in the
framework of its activities;
3. That the by-laws of the company "IRISIO" are current and that they are
exact and complete as of today's date;
4. That the company "IRISIO" does not own any subsidiary, nor has any
participation in another company and has not taken any commitment to invest
in new companies, nor to invest in existing companies
5. That the company "IRISIO" has full unencumbered ownership on all its
tangible and intangible assets;
6. That the company did not issue any guaranty or off-balance sheet
commitments to any one;
7. That the company "IRISIO" has in place insuranc policies that protects it
against all normal business risk as well as business risk related to its
activities;
8. That he company "IRISIO" is not covered by insurance against any risk
attached to its new type of activity of tracking by GPS and GSM;
9. That no lawsuit, litigation, proceedings currently exist against the
company "IRISIO" and that he is not aware of circumstances that could
trigger lawsuit, litigation, proceedings on account of past events;
10. That no contract or agreement contains a change of ownership, management
and organization clause that would trigger cancellation of such contract or
agreement;
11. That the company "IRISIO" has not borrowed mone from any financial
institution or anyone, with the exception of a duly authorized working
capital overdraft line of credit and a car lease for a 206 Peugeot;
12. That as of today's date, no past or present management member nor any past
and present employee is a lender to the company;
13. That the company "IRISIO" is subject to corporate income tax, that the net
worth of the company "IRISIO" as of December 31, 2002 amounts to EURO
17,019 and that since January 1, 2003, the company did not engage in
unusual activities, or in activities that would deviate from its business
purpose, and that since that date no material adverse change has occurred;
14. That no representations and warranties containe in this agreement fails to
mention important facts that could negatively impact as of the date of
signature the financial situation, the assets, the liabilities or the
business of the company "IRISIO";
2
THIS BEING EXPOSED AND DECLARED, IT IS AGREED AND STATED AS FOLLOWS:
SALE OF STOCK
Xx. Xxxxxxxx XXXXXXX hereby sells and transfers, under legal and normal
guaranties, to the company "SMART TECHNOLOGY INC", which hereby accepts, the ONE
THOUSAND THREE HUNDRED SEVENTY-FOUR (1,374) shares with a value of EURO 10 each,
numbered from 1 to 1,374 of the company "IRISIO" that he owns.
PRICE
This sale is effected and agreed against a flat consideration of EURO THIRTY
THOUSAND (30,000) payable immediately in the form of a conditional current
account of same amount converted in US dollars at a rate of exchange of parity
on the books of "SMART TECHNOLOGY INC", in order to allow the issuance of 6,000
shares of the company "SMART TECHNOLOGY INC" at a price of FIVE DOLLARS US ($5)
per share to the seller.
In order to effect the above capital increase, Xx. Xxxx XXXXXXXXXX commits to
issue at the latest 6,000 shares of the company "SMART TECHNOLOGY INC" reserved
in the name of Xx. Xxxxxxxx XXXXXXX at a price of FIVE US DOLLARS (5 US $); Xx.
Xxxxxxxx XXXXXXX commits to subscribe to this above mentioned capital increase
under the above conditions.
****
There are no certificates for the shares sold of the company "IRISIO", as the
shares result from a cash contribution that took place when the company was
created as well as with subsequent capital increases.
The buyer will, as of today's date, own the shares that are sold to him; he will
have all rights and obligations resulting from full share ownership as well as
all benefits that they could produce as of JANUARY 1, 2002.
The buyer replaces the seller for all rights and obligations attached to the
sold shares.
AGREEMENT
In application of article 14 of the by-laws, Xx. Xxxxxxxx XXXXXXX, in his
quality of unique manager of the company "IRISIO", declares to agree to the
present sale of the shares between Xx. Xxxxxxxx XXXXXXX and the company "SMART
TECHNOLOGY INC".
3
NON COMPETITION
Except as agreed in writing, the seller will not, as of today's date, either
directly or indirectly undertake any activities that could compete with the
activities of the company as they exist today in the territories of France and
neighboring countries and for a duration of time that will expire on DECEMBER
31, 2005. Contravention to this clause of non-competition would result in
compensation for prejudice and the right to seek injunction on the part of the
seller.
GUARANTY OF LIABILITIES AND OF TANGIBLE NATURE OF ASSETS
1. The Seller guaranties:
* The tangible nature and the amount of the assets of the company "IRISIO" as
they appear on the balance sheet of the same company on DECEMBER 31, 2002,
hereinafter enclosed in annex;
* That the balance sheet, the Profit and Loss statement an their annexes as
of DECEMBER 31, 2002 are sincere and true and closely reflect the financial
situation of the assets and the liabilities of the company "IRISIO" as of
that date;
* That all documents have been prepared according to the French accounting
standards, which have been applied in a consistent manner with the current
and all previous accounting statements;
* That the fixed assets are accounted for in the financial statements of the
company "IRISIO" as of DECEMBER 31, 2002 at cost minus depreciation in
accordance with the accounting rules customarily utilized in the
profession;
* That in the assets stated, the realizable values and the working capital do
correspond to real values after taking account of adjustments and
provisions;
* That the amounts of liabilities do correspond exactly to the amounts
actually due and that there exists no debt or no liability that is not
recorded on the balance sheet as of DECEMBER 31, 2002, that the debts are
certain and payable;
* That there is no off balance sheet liability in addition to the balance
sheet provided by the company "IRISIO";
4
8. As a consequence,
The seller guaranties to the seller against all diminution in value of the
assets or against all new liabilities, particularly for liabilities of fiscal or
social nature that could surface as having a prior origin to today's date and
that would not have been registered, provisioned or provisioned in insufficient
amount in the balance sheet as of DECEMBER 31, 2002 hereinafter annexed;
Any decrease in the value of assets or any new liability, the existence of which
would have been determined by the CPA of the buyer, will trigger a payment to
the buyer of same amount that will be treated as a reduction of the purchase
price for the shares up to the full amount of the purchase and beyond as
compensation for prejudice;
This payment could take the form of remission of the shares of the company
"SMART TECHNOLOGY" that the seller owns as a result of the share of that company
issued to his benefit as stipulated in the article titled "PRICE" above;
In that case and in the absence of an agreement on the value of the shares of
the company "SMART TECHNOLOGY", the value will be determined by an expert
nominated by the President of the Commercial Tribunal of Paris acting in urgency
at the request of the most diligent party;
The expert will have a maximum of two months in order to carry through his
mission and deliver his recommendations;
Any new liability that would represent tax-deductible expenses would be reduced
by the amount of corresponding corporate income tax credits;
In any event, all reimbursement connected to the present guaranty of assets and
liabilities will have to be made to the buyer within eight days, either from the
date of payment by the company "IRISIO" of the new liability, or from the date
of the confirmation of the reduction in assets (or within 8 days from the report
presented by the expert in the case of arbitration on the value of the shares of
"SMART TECHNOLOGY" as stipulated above)
Exceptions to the scope of the present guaranty:
* Any change in accounting treatment not considered in the present agreement;
* The fiscal audits on depreciation, inventory and provisions and in general,
any audit pertaining to the simple transfer of retained earnings from one
accounting period to the next, except for the penalties that such an audit
could entail;
Moreover, the seller will be entitled to a free allowance totaling SEVEN
THOUSAND SEVEN HUNDRED EUROS (7,700) in one or several events;
In the case where, in the framework of administrative proceedings, the
administrative agency would claim guarantees from the company "IRISIO", the
seller commits to counter guaranty the company "IRISIO" for the amount by which
the former would be obligated;
5
The entirety of the obligations contained in this section will be valid through
all the statutory limitation periods and beyond for the duration of litigation
initiated before all such periods;
The seller hereby commits to compensate the buyer against any inaccuracies in a
statement or commitment given by the former in the framework of the current
contract to the extent of the prejudice that such inaccuracies could create for
the buyer.
DECLARATIONS
The parties declare that the company is not subject to the provisions of the law
of March 15, 1963.
NOTIFICATION
The present sale of shares will be notified to the company, in agreement with
the provisions of article 1690 of the Civil Code.
The present sale will be valid and enforceable with any third party, once these
formalities are accomplished and also once the deposit of two original copies of
this contract of sale has taken place as an annex to the Commercial Registrar of
Companies.
REGISTRATION
The present contract will be registered according to the law.
HEIRS, SUCCESSORS AND ASSIGNS
The commitments made by the First Party in the context of the present contract
will be valid between the parties as well as towards their heirs, successors and
assigns, even if they are minors or incapacitated.
6
INTEGRALITY
The present agreement includes the entirety of all agreements between the
parties and replaces and renders null and void all other agreement, intent,
promises and pre-existing documents.
NON VALIDITY
By agreement between the parties, in the event that any part of this agreement
is declared non valid, without object, or declared as such in application of
rules and regulations, such part will be declared without effect or it will be
modified in the minimum necessary fashion in order to make it valid or
effective; the rest of the agreement will not be impaired and will remain in
full force in conformity with its terms.
JURISDICTION
The present agreement is made under the laws of the Republic of France
All disagreement that would arise from the interpretation or the execution of
the present agreement currently and/or in the future would be of the competency
of the Commercial Tribunals of PARIS
ELECTION OF DOMICILE
For the execution of the present agreement and for the future communications
between the parties, the parties hereby elect as their domicile and residence
the domiciles and residences as indicated in this agreement.
EXPENSES
Expenses and fees of the present agreement, and future expenses and fees that
will result from the present agreement are to be paid by the buyer.
Effected in PARIS, in the year two thousand three and the 24th day of March. In
as many original copies as there are parties, plus as required for the
formalities.
THE SELLER THE BUYER
------------------ ---------------------
Xxxxxxxx XXXXXXX "SMART TECHNOLOGY INC"
Xxxx XXXXXXXXXX
/s/ Xxxxxxxx XXXXXXX /s/ Xxxx XXXXXXXXXX
7
STATEMENT FROM THE GENERAL MANAGER
The undersigned, Xxxxxxxx XXXXXXX, residing 0, Xxxxxxxxx xx Xxxxxxx Xxxxxxx
(91470) LIMOURS, acting as the General Manager of the company "IRISIO", a
limited responsibility company with a capital of EURO 13,740, headquartered at
JUVISY SUR ORGE (91260), 00, Xxxxxx xx xx Xxxx xx Xxxxxx, and identified under
the number 434 728 283 at the Commercial Registrar in EVRY, France.
Declares to have received as of today's date, at its headquarters, an original
copy of the sale agreement under private contract dated in PARIS on ____________
registered on_____________
upon payment of_______________
upon which terms:
Xx. Xxxxxxxx XXXXXXX,
residing 0, Xxxxxxxxx xx Xxxxxxx Xxxxxxx (91470) LIMOURS has sold for a flat
price of EURO THIRTY THOUSAND (30,000) the ONE THOUSAND THREE HUNDRED SEVENTY
FOUR (1,374) shares numbered from 1 to 1,374 that belong to him in the company
"IRISIO"
for the benefit of:
the company "SMART TECHNOLOGY INC"
headquartered: 000 Xxxxxxx Xxxxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000, XXX.
As a consequence, the said sale of shares has become effective towards the
company "IRISIO", as of today's date.
EFFECTED IN PARIS, in three original copies The year two thousand three And
the 24th day of March.
Xxxxxxxx XXXXXXX
8
1
CESSION DE PARTS
ENTRE LES SOUSSIGNES :
o Monsieur Xxxxxxxx XXXXXXX ne le 17 JANVIER 1965 a FONTENAY AUX ROSES (Hauts
de Seine) demeurant 7, boulevard du General Xxxxxxx (91470) LIMOURS
Celibataire
Declarant :
o Qu'il est, au regard de l'administration fiscale, reside francais ;
o Qu'il n'est pas touche par les dispositions de la loi su les incapables
majeurs
ci-apres xxxxxxx : "LE CEDANT"
DE PREMIERE PART
&
o La societe "SMART TECHNOLOGY INC" Siege social : 000 Xxxxxxx Xxxxxx, Xxxxx
000, Xxxx Xxxxx, Xxxxxxx 00000 XXX
Representee par Monsieur Xxxx XXXXXXXXXX
ci-apres denommee "LE CESSIONNAIRE"
DE SECONDE PART
IL A ETE PREALABLEMENT EXPOSE ET DECLARE CE QUI SUIT:
Il existe une societe denommee "IRISIO", societe a responsabilite limitee au
capital de 13.740 dont le siege social est a JUVISY SUR ORGE (91260) 00, xxxxxx
xx xx Xxxx xx Xxxxxx, identifiee sous le numero 434 728 283 au Registre du
Commerce et des Societes d'EVRY,
Elle a pour objet principal l'etude, la conception et la commercialisation de
produits informatiques.
Le capital social est fixe a la somme de 13.740 divise en 1.374 parts sociales
de 10 chacune, numerotees de 1 a 1.374, appartenant en totalite a Monsieur
Xxxxxxxx XXXXXXX.
Cette societe est geree par Monsieur Xxxxxxxx XXXXXXX, gerant.
2
Monsieur Xxxxxxxx XXXXXXX ayant declare :
1. qu'il a le pouvoir de xxxxx xxx parts susvisees de la societe "IRISIO" et
qu'elles lui appartiennent en toute propriete, libres de tous engagements ainsi
que de tous empechements et autres droits reels quelconques ;
2. que cette Societe est une societe regulierement constituee, existant
valablement et ayant fonctionne et continuant a fonctionner regulierement a
l'egard des xxxx et reglements et en conformite avec ses statuts; qu'elle a tous
pouvoirs et pleine capacite et dispose de tous permis et autorisations
necessaires et a effectue toutes declarations requises a l'effet d'exercer dans
les conditions dans lesquelles elle exploite actuellement son activite ;
3*. que les statuts de la societe "IRISIO" sont a jour de toutes modifications
statutaires et qu'ils sont exacts et complets a la date de ce jour ;
4. que la societe "IRISIO" ne possede aucune filiale ni participation dans
aucune autre societe et n'a pris aucun engagement de souscription au capital de
societes a constituer ou a d'eventuelles augmentations de capital de societes
existantes ;
5. que la societe "IRISIO" a un droit de propriete plein et entier sans
restriction sur son fonds de commerce et autres biens corporels ou incorporels ;
6 . que la societe n'a fourni aucune caution, aval ou plus generalement, aucune
garantie quelle qu'en soit la forme;
7. que la societe "IRISIO" est couverte par des polices d'assurance en vigueur
contre tous les risques habituels,
8*. que la societe "IRISIO" n'est pas couverte contre tous les risques afferents
a son nouveau type d'activite (localisation par GPS et GSM) ;
9*. qu'il n'existe aucun proces ou litige en cours ou latent engage ou a engager
par ou contre la societe "IRISIO" et qu'il n'a connaissance d'aucune action
judiciaire qui pourrait etre intentee a l'encontre de ladite Societe pour une
cause anterieure a ce jour ;
10. qu'aucun contrat ou convention ne contient une clause de resiliation
anticipee dans l'hypothese d'un changement de majorite ou d'une modification des
organes d'administration ou de direction de ladite Societe ;
11. que la societe "IRISIO" n'a souscrit aucun emprunt aupres de quelconque
organisme de credit ni aupres de quiconque a l'exception d'un decouvert en
compte courant autorise et du leasing d'un vehicule 206 Peugeot;
12*. qu'a la date de ce jour aucun associe ou ancien associe n'est titulaire de
compte courant dans la societe "IRISIO" ;
13*. que la societe "IRISIO" est assujettie a l'IS, que les capitaux propres de
la societe "IRISIO" au 31 DECEMBRE 2002 s'elevent a 17.019 et que depuis le 1er
JANVIER 2003 aucune decision n'a ete prise en dehors de l'objet social ainsi que
de l'activite habituelle et que la societe n'a subi a la date des presentes
aucun changement substantiellement defavorable ni aucune evenement influencant
de maniere defavorable la marche des affaires sociales ;
14. qu'aucune declaration faite en vertu des presentes n'omet de faire etat d'un
fait important qui affecterait au moment de la signature des presentes
defavorablement et de facon significative la situation financiere, l'actif, le
passif ou l'exploitation de la societe "IRISIO" ;
3
CECI EXPOSE et DECLARE, IL A ETE CONVENU ET ARRETE CE QUI SUIT :
CESSION DE PARTS
Monsieur Xxxxxxxx XXXXXXX cede et transfere par les presentes, sous les
garanties ordinaires et de droit, a la societe "SMART TECHNOLOGY INC." qui
accepte, les MILLE TROIS CENT SOIXANTE QUATORZE (1.374) parts sociales xx xxx
euros (10 ) de valeur nominale chacune, numerotees de 1 a 1.374 lui appartenant
dans le capital de la societe "IRISIO".
PRIX/PAIEMENT DU PRIX
La presente cession est consentie et acceptee moyennant le prix global et
forfaitaire de TRENTE MILLE EUROS (30.000 ) lequel prix est paye a l'instant
meme par inscription au profit du cedant de pareille somme, equivalent US $ au
cours de ce jour, en compte courant dans les livres comptables de la societe
"SMART TECHNOLOGY INC" sous forme d'avance conditionnee, de sorte a permettre
l'emission d'actions de la societe "SMART TECHNOLOGY INC au prix de CINQ DOLLARS
US (5 US $) par action au profit du cedant.
Ainsi, a l'effet de l'augmentation de capital ci-dessus, Monsieur Xxxx
XXXXXXXXXX prend l'engagement d'emettre au plus tard le 30 avril 2003 les
actions de la societe "SMART TECHNOLOGY INC" reservees au profit de Monsieur
Xxxxxxxx XXXXXXX au prix de CINQ DOLLARS US (5 US $) par action ; Monsieur
Xxxxxxxx XXXXXXX s'engage a souscrire a cette augmentation de capital aux
conditions ci-dessus. Cette emission d'action soldera et cloturera le compte
courant de Monsieur Xxxxxxxx XXXXXXX.
* * * *
Les parts cedees de la societe "IRISIO" ne sont representees par aucun titre et
resultent des apports en numeraire effectues tant lors de la constitution de la
societe que des cessions de parts regulierement intervenues depuis.
Le cessionnaire aura, a compter de ce jour, la propriete des parts qui lui ont
ete cedees ; il en aura la jouissance et le droit aux benefices qu'elles
pourraient produire, a compter du 1er JANVIER 2003.
Il sera subroge dans tous les droits et obligations attaches aux parts cedees.
AGREMENT
Conformement a l'article 14 des statuts, Monsieur Xxxxxxxx XXXXXXX, en sa
qualite d'associe unique de la societe "IRISIO" declare agreer la presente
cession de parts sociales entre Monsieur Xxxxxxxx XXXXXXX au profit de la
societe "SMART TECHNOLOGY INC".
4
NON CONCURRENCE
Sauf accord ecrit entre les parties, le cedant s'interdit, a compter de ce jour,
d'entreprendre personnellement, par personne interposee toute activite
susceptible de concurrencer celle de la societe existant a ce jour xx xxxx xxx
xx xxxxxxxxxx xx xx Xxxxxx et des pays limitrophes et pendant un delai expirant
le 31 DECEMBRE 2005 a xxxxx de tous dommages-interets et sans prejudice du droit
pour le cessionnaire de faire cesser toutes infractions a cette interdiction.
GARANTIE DE PASSIF
ET DE CONSISTANCE D'ACTIF
1. Le cedant garantit :
* la consistance et le montant des actifs de la Societe "IRISIO" tels qu'ils
ressortent du bilan de ladite Societe arretee a la date du 31 DECEMBRE 2002 et
qui est ci-apres annexe ;
* que le bilan, compte de resultat et leurs annexes etablis au 31 DECEMBRE 2002
sont sinceres et veritables et refletent fidelement la situation financiere
active et passive de la Societe "IRISIO" ;
* que ces documents ont ete arretes en conformite avec les principes comptables
francais, lesquels ont ete appliques de la meme maniere que pour le dernier
exercice clos anterieur ;
que les immobilisations sont comptabilisees dans la situation de la Societe
"IRISIO" arretee au 31 DECEMBRE 2002 pour le prix de revient diminue d'un
amortissement conforme aux regles comptables habituellement retenues par la
profession ;
que dans l'actif represente, les valeurs realisables et disponibles et les
valeurs d'exploitation (actif circulant) des postes, correspondent bien a leurs
valeurs reelles compte tenu des regularisations intervenues ou des provisions
constituees ;
* que le montant figurant au passif represente exactement les sommes dues et
qu'il n'existe aucune dette ou aucun passif qui ne soit porte sur xx xxxxx
arrete au 31 DECEMBRE 2002, que les creances sont certaines et recouvrables ;
* qu'il n'existe aucun engagement hors bilan donne par la Societe "IRISIO".
2. En consequence, le cedant garantit le cessionnaire de toute diminution
d'actif ou de tout passif nouveau, notamment fiscal ou social, qui pourrait se
reveler ayant une origine anterieure a la date de ce jour et qui n'aurait pas
ete inscrit, provisionne ou insuffisamment provisionne dans le bilan arrete au
31 DECEMBRE 2002 ci-apres annexe.
Toute diminution d'actif ou tout passif nouveau dont l'existence sera
prealablement certifiee par l'expert comptable du cessionnaire, fera l'objet
d'un paiement au cessionnaire d'un meme montant, qui serait considere comme une
diminution du prix de cession des parts jusqu'a concurrence de ce prix et au
dela, comme des dommages et interets.
5
Xx xxxxxxxx pourra intervenir par voie de dation en paiement des titres de la
societe "SMART TECHNOLOGY INC" dont le cedant sera proprietaire en vertu de
l'emission d'actions a son profit de titres de cette societe ainsi qu'il est dit
a l'article "PRIX/PAIEMENT DU PRIX" plus avant.
En cette hypothese a defaut d'accord sur la valeur des titres de la societe
"SMART TECHNOLOGY INC", celle-ci sera determinee a dire d'expert nomme par le
President du Tribunal de Commerce de Paris statuant en refere a la requete de la
partie la plus diligente.
L'expert disposera d'un delai maximum de deux mois pour effectuer sa mission et
rendre son rapport.
Tout passif revele qui serait represente par des charges effectivement
deductibles, serait eventuellement reduit a concurrence d'un montant egal au
taux reel de l'impot sur les societes y afferent.
En tout etat de cause, tout remboursement lie a la presente garantie d'actif et
de passif xxxxx etre effectue au cessionnaire dans les huit jours, soit du
paiement par la Societe "IRISIO" du passif apparu, soit de la constatation de la
diminution d'actif (ou dans les huit jours de la notification qui lui sera faite
du rapport d'expert en cas de recours a une expertise de la valeur des titres
"SMART TECHNOLOGY INC" comme il est dit ci-dessus).
Ne rentrent pas dans le cadre de la presente garantie :
* toute difference pouvant provenir d'un changement dans les methodes comptables
utilisees a la cloture d'un exercice, non couvert par le present engagement ;
* les redressements fiscaux sur amortissements, stocks et provisions et, d'une
facon generale, tout redressement visant un simple transfert de benefices d'un
exercice sur l'autre, sauf pour les penalites que ces redressements pourraient
entrainer.
En outre, le cedant beneficiera d'une franchise globale de SEPT MILLE SEPT CENTS
EUROS (7.700 ) pouvant jouer en une ou plusieurs fois.
Dans l'hypothese ou, dans le cadre d'une procedure administrative entrant dans
le cadre de la garantie de passif, l'administration serait amenee a reclamer des
garanties a la Societe "IRISIO", le cedant s'engage a contre garantir la Societe
"IRISIO" pour le montant dont il pourrait etre redevable en vertu des presentes.
L'ensemble de ses obligations contenues dans le present article survivra pendant
toute la duree des differentes prescriptions et au-dela pour les contentieux ou
procedures en cours auxdites dates.
Le cedant s'engage a indemniser le cessionnaire en raison de l'inexactitude
d'une declaration ou engagement pris par lui dans le cadre des presentes et
vises dans l'expose qui precede, dans la mesure du prejudice qui pourrait en
resulter pour le cessionnaire.
6
DECLARATIONS
Les parties declarent que la societe n'entre pas dans le champ d'application de
la loi du 15 mars 1963.
SIGNIFICATION
La presente cession de parts sera signifiee a la societe, conformement a
l'article 1690 du Code Civil.
La presente cession sera opposable aux tiers, apres accomplissement de ces
formalites et, en outre, depot de deux originaux en annexe au Registre du
Commerce et des Societes.
ENREGISTREMENT
Les presentes seront enregistrees conformement a la loi.
HERITIERS ET AYANTS DROIT
Les engagements pris par le soussigne de premiere part dans le cadre des
presentes produiront leurs effets tant a l'egard des parties qu'a l'egard de ses
heritiers, successeurs, ayants droit ou representants fussent-ils mineurs ou
autrement incapables.
NOVATION
Les presents accords comportent l'integralite des conventions intervenues entre
les parties et rendent caducs tous autres accords, declaration d'intention,
promesses ou documents anterieurs.
NON VALIDITE
De convention expresse entre les parties soussignees, si l'une quelconque des
stipulations du present protocole est tenue pour non valide, sans objet ou
declaree telle en application d'une loi, d'un reglement ou autrement, elle sera
reputee sans effet ou sera modifiee dans la plus faible mesure necessaire pour
la rendre valide ou effective, tout en respectant le plus possible l'intention
des parties ; le surplus du protocole ne sera pas affecte et restera en vigueur
et executable en conformite de ses termes.
LEGISLATION
Le present contrat est soumis a la legislation francaise.
Tous differends qui s'eleveraient dans l'interpretation ou dans l'execution des
presents engagements et/ou de leurs suite seraient de la competence des
Tribunaux de Commerce de PARIS.
7
ELECTION DE DOMICILE
Pour l'execution des presentes, de leur suite et consequence les soussignes font
election de domicile en leur demeure et siege social respectifs tels qu'indiques
en tete des presentes.
FRAIS
Les frais, droits et honoraires des presentes, et ceux qui en seront la suite ou
la consequence, sont a la charge du cessionnaire.
Fait a PARIS, L'an deux mil trois et le En autant d'exemplaires que de parties,
Plus le nombre necessaire aux formalites.
LE CEDANT LE CESSIONNAIRE
--------- ---------------
Xxxxxxxx XXXXXXX "SMART TECHNOLOGY INC"
Xxxx XXXXXXXXXX
8
ATTESTATION DE LA GERANCE
Je soussigne, Xxxxxxxx XXXXXXX demeurant 0, xxxxxxxxx xx Xxxxxxx Xxxxxxx (91470)
LIMOURS agissant en qualite de gerant de la societe "IRISIO", societe a
responsabilite limitee au capital de 13.740 dont le siege social est a JUVISY
SUR ORGE (91260) 00, xxxxxx xx xx Xxxx xx Xxxxxx, identifiee sous le numero 434
728 283 au Registre du Commerce et des Societes d'EVRY,
Atteste avoir recu ce jour, au siege social, un exemplaire original de l'acte de
cessions de parts sous seing prive en date a PARIS du
enregistre le
a la Recette de
aux termes duquel :
Monsieur Xxxxxxxx XXXXXXX
demeurant 0, xxxxxxxxx xx Xxxxxxx Xxxxxxx (91470) LIMOURS
a cede moyennant le prix global et forfaitaire de TRENTE MILLE EUROS
(30.000 ) les MILLE TROIS CENT SOIXANTE QUATORZE (1.374) parts sociales
numerotees de 1 a 1.374 parts lui appartenant dans le capital de la societe
"IRISIO"
au profit de:
La societe "SMART TECHNOLOGY INC"
Siege social : 000 Xxxxxxx Xxxxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000 XXX
En consequence, ladite cession de parts est devenue definitive a l'egard de la
societe "IRISIO", a compter de ce jour.
FAIT A PARIS, en trois exemplaires, L'an deux mil trois, 24th of March
Et le
Xxxxxxxx XXXXXXX
