STOCK PURCHASE AGREEMENT
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BE IT KNOWN, that in exchange for the cash sum of FOUR THOUSAND FIVE HUNDRED
($4,500) DOLLARS and other good and valuable consideration, receipt of which is
hereby acknowledged, that
XXXXXXXXX.XXX INC.
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a Florida corporation maintaining its principal place of business at 0000 X.
Xxxxx Xxxxxxx, Xxxx Xxxxx, Xxxxxxx 00000; hereinafter referred to as the
"Seller";
DOES HEREBY THIS DAY SELL, TRANSFER AND ASSIGN UNTO
NETWEB XXXXXX.XXX, INC., a Florida corporation maintaining its principal place
of business at 0000 X.X. 0xx Xxxxxx, Xxxx Xxxxx, Xxxxxxx 00000, "PURCHASER", all
of the rights, title and interests in and to ONE MILLION FIVE HUNDRED THOUSAND
(1,500,000) newly issued and authorized shares of the SELLER'S $0.001 par value
of the Common Stock.
It is anticipated that the Certificate representing said shall be issued and
delivered to PURCHASER within 30 days from the date hereof.
The basis of this Stock Purchase Agreement is a private transaction, not
involving a public offering, pursuant to exemption from registration as
promulgated by and under the Securities Act of 1933, with Purchaser acquiring
the described securities solely for investment purposes and PURCHASER has no
present view towards the further distribution of the aforesaid shares.
PURCHASER acknowledges that the subsequent sale, transfer or assignment of the
described securities may only be made in accordance with the applicable
provisions of the Federal Securities Act of 1933, as amended. Further, that the
Certificate for Shares shall have a Transfer Restriction Legend clearly placed
on both sides thereof advising of the transfer restrictions.
The parties acknowledge that for as long as PURCHASER retains at least 50% of
the aforesaid shares PURCHASER shall be entitled to nominate a candidate to
serve as a member of the Board of Directors, subject solely to shareholder
approval if the Company's shares are ever publicly traded. There are no other
representations made or intended hereby except that when issued, all shares
contemplated hereby will be fully paid, non-assessable and validly issued.
Signed as of the 7th
day of January, 2000
NETWEB XXXXXX.XXX, INC. XXXXXXXXX.XXX, INC.
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By: /s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx Xxxxxxxxx, CEO Xxxxxx X. Xxxxx, Incorporator
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