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Stock Purchase Agreement

 

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Title:

Stock Purchase Agreement

Entities:

Nuevo Financial Center, Inc.

Date:

2001

Size:

Preview shows 5KB of 33KB total

Price:

$41

ID:

#1324524

 

 

► Purchase & Sale ► Purchase ► Stock Purchase Agreements

 

 

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<SEQUENCE>2

<FILENAME>stock_purchase.txt
<DESCRIPTION>STOCK PURCHASE AGREEMENT
<TEXT>

STOCK PURCHASE AGREEMENT

THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and
entered into on June 26, 2001, by and among BRUNO DESMARAIS, and
assigns (the "Buyer"), MILLENNIUM CAPITAL VENTURE HOLDINGS, INC.,
a Delaware corporation ("MCVH"), and DOTCOM INTERNET VENTURES LTD.
("Shareholder").

RECITALS:

A. The Shareholder own five million (5,000,000) shares of the
$0.0001 par value per share common stock (the "MCVH Common Stock")
of MCVH, which represents 100% of all of the outstanding MCVH Common
Stock.

B. The Shareholder desire to sell five million (5,000,000)
shares of the MCVH Common Stock (the "Shares"), which represents
100% of all of the outstanding MCVH Common Stock, in exchange for
Twenty-Five Thousand (US $25,000) on the terms and conditions set
forth herein.

AGREEMENT:

NOW, THEREFORE, in consideration of the mutual agreements,
covenants and premises set forth herein for certain other good and
valuable consideration, the receipt and adequacy which are hereby
acknowledged, the parties hereto, intending to be legally bound,
hereby agree as follows:

1. STOCK PURCHASE, PURCHASE PRICE AND RELATED TRANSACTIONS.

1.1. Sale. Buyer shall acquire and the Shareholder shall
sell the Shares to Buyer.

1.2. Purchase Price. In consideration of the purchase by
Buyer of the Shares, Buyer shall pay to the Shareholder at the
Closing (as defined herein) the aggregate purchase price of Twenty
-Five Thousand Dollars (US $25,000) (the "Purchase Price").

1.3. Closing and Effective Date. The closing shall take
place at the offices of Shareholder, 1422 Chestnut Street, Suite
#410, Philadelphia, PA 19102 USA (the "Closing"). The date of the
Closing is June 15, 2001 (the "Closing Date").

1.4. At Closing, Shareholder shall deliver to Buyer
certificates representing the Shares being sold hereunder;
containing the following legend:

"The securities represented by this Certificate have
not been registered under the Securities Act of 1933 (the "Act") and
are "Restricted Securities" as the term is defined in Rule 144 under
the Act. The Common Shares may not be offered for sale, sold or
otherwise transferred except pursuant to an effective registration
statement under the Act or exemption, the availability of which is
to be established to the satisfaction of the Corporation."

1.5. At Closing, Shareholder shall deliver to Buyer all
corporate records, including at least the corporate minute book,
stock register and audited financial statements, as well as
resignation of all present officers and directors of MCVH, effective
as of the Closing Date.

2. ADDITIONAL AGREEMENTS.

2.1. Compliance with Obligations. The Shareholder shall
cause MCVH to comply with all obligations of MCVH under this Agreement.

2.2. Confidential Treatment of Information. From and after
the date hereof, the parties hereto shall and shall cause their
representatives to hold in confidence this Agreement (including the
Schedules hereto), all matters relating hereto and all data and
information obtained with respect to the other parties or their
business, except such data or information as is published or is a
matter of public record, or as compelled by legal process.

2.3. Public Announcements. The parties will consult with
each other before issuing any press releases or otherwise making any
public statement with respect to this Agreement or any of the
transactions contemplated hereby and no party will issue any such
press release or make any such public statement without the prior
written consent of the other parties, except as may be required by
law or by the rules and regulations of any governmental authority or
securities exchange.

2.4. Further Assurances. The parties shall deliver any and
all other instruments or documents required to be delivered pursuant
to, or necessary or proper in order to give effect to, the
provisions of this Agreement, including without limitation, all
necessary stock powers and such other instruments of transfer as may
be necessary or desirable to transfer ownership of the Shares to
Buyer and to consummate the transactions contemplated by this
Agreement.

 

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