EXHIBIT 10.5
This agreement is dated 21st Feb 2002
BETWEEN
The Vendors Xxxx Xxxxxx Xxxxxxx and Xxxxxxxxx Xxx Xxxxxxx
of Xxx Xxxxx Xxxxx Xxxx Xxxxx
Xxxxxxxxxxx Xx Xxxxx XX00 0XX
and
Xxxxx Xxxxxx Xxxxxxx and Xxxxxxx Xxxxxxx
of Xxxxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxxxxxxxxx XX00 0XX
The Purchaser Warminster Systems Limited
of 00-00 Xxxxxxxx Xxxxxxx Xxxxxx
Xxxxxxxxxx Xxxxxxxxx XX00 0XX
WHEREAS the parties entered into an agreement for the sale of the Vendors'
shares in Automative Information Control Systems (UK) Limited (the Company) on
28 June 2001 and the vendors agreed to accept in payment of their shares in the
Company 76924 shares in Auto-Q International Inc (Auto-Q)
NOW IT IS HEREBY agreed that the completion of the acquisition of the shares
held by the Vendors in the Company is contingent on the listing of the common
shares of Auto-Q on the OTC Bulletin Board of Nasdaq
Signed by the said Xxxxxxxxx Xxx Xxxxxxx) /s/ X. X. Xxxxxxx
in the presence of:- )
/s/ [SIGNATURE ILLEGIBLE]
Signed by the said Xxxxxxx Xxxxxxx ) /s/ X. Xxxxxxx
in the presence of:- )
/s/ [SIGNATURE ILLEGIBLE]
Signed by the said Xxxxx Xxxxxx Xxxxxxx ) /s/ X. X. Xxxxxxx
in the presence of:- )
/s/ [SIGNATURE ILLEGIBLE]
Signed by the said Xxxx Xxxxxx Xxxxxxx ) /s/ X. X. Xxxxxxx
in the presence of:- )
/s/ [SIGNATURE ILLEGIBLE]