EXHIBIT 10.2 STOCK PURCHASE AGREEMENT ------------------------ THIS STOCK PURCHASE AGREEMENT ("Agreement") is made as of the 24th day of February, 2006, by and between Island Residences Club, Inc ("IRCI"), an individual, and/or their assignees...Stock Purchase Agreement • March 7th, 2006 • Island Residences Club, Inc. • Non-operating establishments • Illinois
THIS STOCK PURCHASE AGREEMENT ("Agreement") is made as of the 24th day of February, 2006, by and between Island Residences Club, Inc ("IRCI"), an individual, and/or their assignees ("Purchaser") on the one hand and DTLL, Inc and/or its assignees ("DTL"), an individual ("Seller"), on the other hand. For and in consideration of the mutual premises and covenants herein contained, the parties hereto agree as follows: 1. Purchase and Sale of Securities. ----------------------------------- 1.1 Sale and Issuance of Securities. Subject to the terms and conditions of -------------------------------- this Agreement, Purchaser agrees to purchase at the Closing (defined in Section 1.3), and the Company agrees to cause DTL to, and DTL agrees to, sell, transfer and assign to Purchaser at the Closing, Four Hundred Thousand (400,000) shares (the "Shares") of the common stock, $.01 par value per share ("Common Stock"), of DTLL, Inc., a Minnesota corporation ("DTLL"). 1.2 Purchase Price. The purchase pr
