MUTUAL WARRANTIES PERTAINING TO TOWER ASSET PURCHASE AGREEMENTMutual Warranties • August 19th, 2013 • VelaTel Global Communications, Inc. • Radiotelephone communications
The parties to this Agreement ("IB Mutual Warranties") dated as of August 16, 2013 are Inversiones Balesia, S.A. ("IB"), a Peru corporation, and VelaTel Peru, S.A., a Peru corporation ("VTP"). IB and VTP are also parties to an Asset Purchase Agreement ("APA"). IB is informed that this IB Mutual Warranties is also an Exhibit to a Share Purchase Agreement ("SPA") by which the stock of VTP is being transferred to a different owner. VTP represents that the SPA includes the following definition of the term "Tower Assets and Liabilities" which are being excluded from the SPA:
