STOCK PURCHASE AGREEMENTStock Purchase Agreement • February 9th, 2010 • China Tel Group Inc • Radiotelephone communications • Hong Kong
THIS STOCK PURCHASE AGREEMENT is made as of the 9th day of February, 2010 (“Agreement”) by and between China Tel Group, Inc., a Nevada corporation (“Company”), and Excel Era Limited, a Hong Kong corporation (“Purchaser”). The Company and the Purchaser are each sometimes referred to individually in this Agreement as a “Party” and together as “Parties.” Purchaser is investing in the Company to facilitate the Company’s ability to expand its operations to international markets including Peru, Chile, Argentina, Brazil, Costa Rica, Honduras, Guatemala, Panama, Ecuador, India, Eastern Europe, Philippines, Japan and Korea.
