AGREEMENT FOR SALE OF SHARES
----------------------------
This Agreement is made at Calcutta on this 29th day of May, 2000,
between
Xx. Xxxx Xxx son of Xx. Xxxxxxx X. Xxx resident of GD 337, Salt Lake,
Calcutta 700 091 hereinafter called the Seller (which expression shall unless
repugnant to law and the context or meaning of the agreement be deemed to mean
and include its nominees, legal heirs, executors, administrators and assigns and
successors in interest) being the party of the FIRST PART
AND
NetGuru India Pvt. Ltd., a company incorporated under the Indian
Companies Act having its Principal office at X0-0, Xxxxx XX, Xxxxxx-X, Calcutta
900 091 hereinafter called the Purchaser (which expression shall unless
repugnant to law and the context or meaning of the agreement be deemed to mean
and include its nominees, legal heirs, executors, administrators and assigns and
successors in interest) being the party of the SECOND PART.
Whereas the Seller is desirous of selling his 99,730 equity shares held
in Interra Global Limited and Purchaser has agreed to buy the same for a
consideration of INR 9,973,000.00 (Rupees Nine million nine seventy three
thousand only) on the following terms:
1. That the 99,730 Equity Shares shall be transferred by the Seller to
the Purchaser for a consideration of INR 9,973,000.00 (Rupees nine million nine
hundred seventy three thousand only) for which Seller shall execute the share
transfer deeds and hand over the same along with original share certificates for
99,730 shares to the Purchaser at the time of receipt of the said consideration.
2. That the said sale consideration of INR 9,973,000.00 shall be paid
and the transaction shall be closed in one or more lots but not later than 31st
July 2000.
3. The Seller shall have no right, title, claim or interest whatsoever
in the aforesaid shares which, upon payment of the sale consideration, shall
absolutely belong to the Purchaser. The Purchaser shall then become the absolute
owner of the said Shares mentioned herein above.
4. The Seller has relinquished all its rights, interests and title to
the aforesaid Shares.
AND IN WITNESS WHEREOF THE PARTIES (the Seller and the Purchaser)
hereto have signed this Agreement on the day, month and year first above written
at New Delhi.
Signed and delivered by the Seller
/s/ Xxxx Xxx
------------
(XXXX XXX)
Seller
Signed and delivered by the Purchaser
/s/ Xxxxxxx Xxxxxx
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(XXXXXXX XXXXXX)
CHIEF OPERATING OFFICER
NETGURU INDIA PVT. LTD.
Witness:
1. Shobha Xxxx Xxxxxxxxx
0/0 Xxxxxxxxx Xxxxxxxxx Xxxx
Xxxxxxxx - 000000
2. S.N. Xxxxx
XX-412 Greenview Apartments
Dum Dum Park, Calcutta
-2-
