AGREEMENT FOR THE PURCHASE OF PREFERRED STOCKAgreement for the Purchase of Preferred Stock • May 11th, 2012 • Biopack Environmental Solutions Inc. • Non-operating establishments • Texas
THIS AGREEMENT FOR THE PURCHASE OF PREFERRED STOCK, (this “Agreement”) made this 25th day of April, 2012, by and between Begonia Participation Corp., a British Virgin Islands corporation (“Begonia”), Creative Mind Assets Limited, a British Virgin Islands (“Creative Minds”), and Ma Cheng Ji, an individual (“Ma” and together with Begonia and Creative Minds, the “Sellers”), Biopack Environmental Solutions, Inc., a Nevada corporation (the “Company” or “BPAC”), and Rockland Group, LLC, Inc., a Texas limited liability company (“Purchaser”), setting forth the terms and conditions upon which Sellers will sell to Purchaser and Purchaser will purchase from Sellers certain securities (the “Securities”) consisting of Six Hundred Twenty Thousand (620,000) shares of Biopack Environmental Solutions, Inc. Series A Convertible Preferred Stock (the “Series A Preferred Shares”), One Million Shares (1,000,000) shares of Biopack Environmental Solutions, Inc. Series B Convertible Preferred Stock (the “Serie
5FIFTY5.COM, INC.Agreement for the Purchase of Preferred Stock • October 2nd, 2008 • Swap-a-Debt, Inc. • Retail-miscellaneous retail
This will confirm that as of the date hereof the Company has not issued to DeFeudis the 3,750,000 shares of Preferred Stock of the Company that the Company is obligated to issue to DeFeudis under the SPA. Further, the Company and DeFeudis hereby agree that in lieu of issuing such Preferred Stock, in full satisfaction of the Company's obligations under the SPA, the Company shall promptly after the execution of this letter agreement issue to DeFeudis an aggregate of 37,500,000 shares of Common Stock, par value $.001 per share, of the Company.
