Business Purchase Agreement
BY AND BETWEEN:
Pacific Agmark
0000 Xxxx Xxxxxxxx
Xxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(hereinafter referred to as the "Seller")
-OF THE FIRST PART
AND:
Nutri Xxxxx Industries, Inc.
00000 Xxxxxx Xxxxxxx
Xxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(hereinafter referred to as the "Purchaser"
-OF THE SECOND PART
WHEREAS:
THE SELLER HEREBY WARRANTS THAT:
(1) The Seller is a partnership of the Province of British Columbia, Canada,
and has the authority to enter into this Business Purchase Agreement to
sell all of the marketing research, market studies, names and addresses of
the potential business clients, associated business entities and any and
all referrals as it relates to the wholesale produce business of the crops
(hereinafter referred to as "Crops") of blueberries, cranberries, fresh,
fresh frozen, freeze dried and xxxxx concentrates, hereinafter referred to
as the "Business". One of the partners of the Seller is Xxxxx Xxxxxxx, the
President and Board Chairman of the Purchaser.
(2) The Seller is the bona-fide owner of the Business and has the ability to
sell this Business at a specified price.
(3) The Seller is hereby offering the sale of the subject Business in the form
of market data, market studies, market research of potential buyers of the
Crops, all of the industry information regarding the Crops and any and all
information pertaining to the wholesale purchasing of the Crops and the
re-sale to the Purchaser's customers.
(4) The Seller hereby warrants that the this is the entire Business of the
Seller and that the Seller will not compete with the Purchaser in the
business of whole produce as it relates to the Crops.
THE PURCHASER HEREBY WARRANTS THAT:
(1) The Purchaser is a publicly held Nevada corporation and has the Board of
Directors approval to enter into this Agreement.
(2) The Purchaser is desirous of purchasing the subject Business from the
Seller for $80,000 USD.
(3) The Purchaser agrees to purchase the subject Business from the Seller and
take delivery of all of the books and records pertaining to the business of
the Crops upon the signing of this Agreement.
NOW THE PARTIES DO HEREBY AGREE AS FOLLOWS:
(1) The Seller and Purchaser are entering into this agreement this 29th day of
April, 2002.
(2) In the event of dispute regarding this Agreement, the Parties hereto agree
to the jurisdiction of British Columbia, Canada for any and all legal
matters pertaining to the Agreement.
THE FOLLOWING DO HEREBY AFFIX THEIR SIGNATURES:
Seller:
/s/ Xxxxxxx Xxxxx
________________________________________
Xx. Xxxxxxx Xxxxx
Purchaser:
/s/ Xxxxx Xxxxxxx
________________________________________
Xx. Xxxxx Xxxxxxx for Nutri Xxxxx Industries, Inc.
