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EXHIBIT 6.1
"Asset purchase agreement between
Investor Service and DBS Holdings Inc."
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THIS OFFER TO PURCHASE is dated for reference March 23, 1999.
BETWEEN:
DBS HOLDINGS INC. located at 0000 Xxxxxxxxxxxx Xx.
Xxxxxxxxxx XX. X0X 0X0
(hereinafter called the Buyer)
AND:
INVESTOR SERVICE located at #000 0000 000xx Xx.
Xxxxxx XX. X0X 0X0 (xxxx://xxx.xxxxxxxxxxxxxxx.xxx)
(hereafter called the Seller)
NOW THEREFORE THIS AGREEMENT WITNESSES, that in consideration of the sum of
$1.00 paid by each of the parties hereto to the others of them, the receipt of
which is hereby acknowledged, and in consideration of the mutual covenant and
promises among them as contained herein, the parties agree as follows:
1.0 PROPOSED PURCHASE
1.1 the domain name xxxxxxxxxxxxxxx.xxx
1.2 any and all contracts negotiated to date by xxxxxxxxxxxxxxx.xxx
1.3 any and all client details
2.0 COMPENSATION
2.1 The Buyer will compensate the Seller with a payment of $2,500.00 US
and 5,000 shares of the Buyer's publicly traded company, for an
initial 19% interest in xxxxxxxxxxxxxxx.xxx
2.2 The buyer has a further option to increase its interest in
xxxxxxxxxxxxxxx.xxx to 100% as set out below.
3.0 SCHEDULE OF COMPENSATION
3.1 The Buyer will require a Due diligence period from March 23/99 to May
23/99.
3.2 At the conclusion of the due diligence, May 23/99, the purchaser will
require 30-days, to June 23/99, to comply with any rules of the
Securities Commission. At the end of this 30-day period a
non-refundable payment will be made from the Buyer to the Seller of
$2,500.00 US plus 5,000 shares of the Purchaser's publicly traded
company for a 19% interest in xxxxxxxxxxxxxxx.xxx.
4.0 BUYER's OPTION
4.1 The Buyer has the option to purchase the remaining 81% of
xxxxxxxxxxxxxxx.xxx from the Seller for 20,000 shares of the Buyer's
publicly traded company payable as follows: three additional 5,000
share blocks, each representing 20%, and one final 5,000 share block,
representing 21%, to be dispersed in a timely manner at the discretion
of the purchaser on or before March 23/00.
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WITNESS WHEREOF the parties have hereunto executed this Agreement as of the day
and year first above written.
Signed, sealed and delivered )
by XXXXXXX XXXXXXX )
in the presence of: )
[signed] [signed]
____________________________ ) ______________________
Name of Witness ) XXXXXXX XXXXXXX
____________________________ )
)
____________________________ )
Address of Witness
Signed, sealed and delivered )
by Xxxxxx Xxxxxxxxxxx )
in the presence of: )
[signed] [signed]
____________________________ ) ______________________
Name of Witness ) XXXXXX XXXXXXXXXXX
____________________________ )
)
____________________________ )
Address of Witness
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