SHEARSON FINANCIAL NETWORK, INC. and CONTINENTAL HOME LOANS, INC. COMMON STOCK PURCHASE AGREEMENT June 7, 2006Common Stock Purchase Agreement • June 12th, 2006 • Shearson Financial Network Inc • Finance services • New York
THIS COMMON STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of June 7, 2006 (the “Effective Date”), by and among Michael McHugh (“Michael”), Bruce Silva (“Bruce”) and Thomas Monte (“Thomas” and, collectively with Michael and Bruce, the “Sellers”); Continental Home Loans, Inc., a corporation organized and existing under the laws of the State of New York (the “Company”); and Shearson Financial Network, Inc., a corporation organized and existing under the laws of the State of Nevada (the “Purchaser”), the outstanding shares of which are traded on the Over-the-Counter Bulletin Board (“OTCBB”). The Sellers, the Company and the Purchaser are sometimes, individually referred to herein as a “Party” and collectively referred to herein as the “Parties”.
