AGREEMENT OF PURCHASE AND SALE
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Purchaser: Go Phone Inc.
Vendor: Xxxxxx Xxxxxxx Xxxxx
REAL PROPERTY: Located at 300 Xxxxx Xxxxxxxx fronting on the north side of Xxxxx
Xxxxxxxx in the City of Sosua in the province of Puerto Plata, Dominican
Republic, having an approximate area of 1949 square meters legally described as:
"No 2/8 en la primera planta dos dormitorios con dos cuartos de bano y closet de
ropa xxxxxx segeu plano No 3/8 en la segunda planta"
PURCHASE PRICE: Two million five hundred thousand dollars ($2,500,000.00) US
Purchaser agrees to issue three million three hundred and sixty thousand
(3,360,000) shares in Go Phone Inc. and transfer said shares to Xxxxxx Xxxxxxx
Xxxxx or his nominee on closing date.
It is understood and agreed that the Purchaser is buying the physical assets on
an "as is" basis including all chattels and inventory on closing date.
The Purchaser has inspected title to this property and hereby accepts title.
Closing date for this transaction shall be on or before November 30, 1997.
The transfer/deed shall be prepared at the expense of the Vendor in registerable
form and Purchaser agrees to pay any additional legal and transfer fees.
Any tender of documents may be made upon the Vendor or Purchaser or their
respective lawyers.
The heirs, executors, administrators, successors and assigns of the undersigned
are bound by the terms herein.
Dated at Cambridge this 30th day of November 1997.
WITNESS /s/ signature
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Purchaser
/s/ signature
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Vendor
