ENTRUST FINANCIAL SERVICES, INC. Stock Purchase AgreementStock Purchase Agreement • March 8th, 2005 • Entrust Financial Services Inc • Mortgage bankers & loan correspondents
Denver, CO – Business Wire – March 7, 2005 Entrust Financial Services, Inc. (OTCBB: ENFN: the “Company”) entered into a Stock Purchase Agreement on March 4, 2005 by and among the Company, Entrust Mortgage, Inc. and BBSB, LLC (“BBSB”) pursuant to which BBSB has agreed to purchase all of the issued and outstanding shares of Entrust Mortgage in exchange for the cancellation of any and all obligations of the Company to BBSB and Entrust Mortgage and the assumption of certain obligations of the Company to third-parties (the “Stock Sale”). The closing of the Stock Sale is subject to a number of conditions, including approval of the Stock Sale by the requisite vote of the Company’s shareholders, receipt of third party consents and other customary closing conditions. In addition, BBSB may not be required to close the Stock Sale if it notifies the Company prior to April 3, 2005 that it is not satisfied with the results of its due diligence investigation of the Company or the contents of the Comp
