SHARE TRANSFER AGREEMENTShare Transfer Agreement • December 1st, 2005 • Terrace Ventures Inc • Mining & quarrying of nonmetallic minerals (no fuels)
THIS AGREEMENT WITNESSES THAT in consideration of the payment of $30,000 US, being $0.03 US per share and other good and valuable consideration, by the Transferee to the Transferor, the receipt and sufficiency of which is acknowledged, and in reliance of the representations and warranties of the Transferee, the Transferor hereby sells, assigns and transfers to the Transferee 1,000,000 shares of common stock (the “Shares”) of TERRACE VENTURES INC. (the “Company”) free and clear of all liens, charges and encumbrances. The Transferee acknowledges and agrees that the Shares are restricted shares, as contemplated under the United States Securities Act of 1933 (the “1933 Act”) which have been issued to the Transferor pursuant to Section 4(2) of the 1933 Act without registration and that all share certificates representing the Shares will be endorsed with the following legend:
