Contract
THIS
AGREEMENT made on 1, July, 2009 between Dematco Group Corporation (“Dematco”)
and First Corporation (“FSTC”) (together “the Parties”).
WHEREAS
1.
Dematco currently holds ordinary shares in Acquma Holdings Limited (“Acquma”)
and wishes to dispose of 440,000 ordinary shares in Acquma (“the Acquma
Shares”); and
2. FSTC
wishes to acquire the Acquma Shares.
NOW IT IS
HEREBY AGREED that:
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1.
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FSTC
shall acquire from Dematco the Acquma Shares at a price of Euros 2.00 per
share, to be paid for by the issue of 1,232,000 new shares of
common stock in FSTC, issued credited fully paid and assessable (“the
Consideration Shares”).
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2.
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Dematco
will dispose of the Acquma Shares to FSTC in exchange for the
Consideration Shares.
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Dematco
warrants that:
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1.
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the
Acquma Shares in properly authorised and
issued;
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2.
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the
Acquma Shares are free trading and upon completion of the purchase of the
Acquma Shares will be registered in the name of FSTC or as FSTC shall
direct; and
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3.
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the
shares in Acquma are tradable and
transferable.
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FSTC
warrants that:
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1.
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the
Consideration Shares when issued will be properly authorised and
issued;
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2.
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the
Consideration shares will be registered upon issue in the name of
Dematco or as Dematco
directs.
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Signed
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Signed
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X X
XXXXXXX
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On
behalf of
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On
behalf of
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Dematco
Group Corporation
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First
Corporation
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