ACQUISITION AGREEMENTAcquisition Agreement • October 4th, 2011 • GBS Enterprises Inc • Wholesale-furniture & home furnishings
This ACQUISITION AGREEMENT is entered into and made effective as of the 27th day of September, 2011 (the “Effective Date”) and the Closing shall be on November 1, 2011 (the “Closing Date”) by and between GBS Enterprises, Inc., a Nevada Corporation ("GBS" or “Buyer”); SD Holdings Ltd., a Mauritius Corporation ("SYN”), having an office at 608 St. James Court, St. Denis Street, Port Louis, Mauritius; and the shareholders of SYN (“SHR”), as listed in Exhibit A, owning 100% of issued and outstanding shares of SYN (combined as the “Seller” and represented by Madan S. Kumar, the SHR Representative).
