SHARE PURCHASE AGREEMENT
This SHARE PURCHASE AGREEMENT (“Agreement”) is entered into on 15 th January 2020 by
and between VIOREL CECAN of address[ADDRESS](herein the ‘‘purchaser’’) and VADIM
BORGAN of address 1515 7th st #34 Santa Monica CA 90401 (herein the ‘‘Seller’’),
collectively to be referred as (‘‘Parties in the Agreement.’’)
WHEREAS the Seller is the owner of 40% of the common shares in the capital stock of the
VELLOSTR L.L.C (herein ‘‘the Company’’) of address 7235 Hollywood blvd #327 Los Angeles
CA 90046 which is an online business;
WHEREAS the Purchaser desires to purchase the said shares and become the sole owner of
the Company and hold all rights and ownership of the company and the Seller desires to sell
the Shares;
NOW, THEREFORE, in consideration of the premises, and of the mutual promises and
undertakings herein contained, the parties, intending to be legally bound, do agree as
follows:
- PURCHASE PRICE
The purchase price of the Seller’s share shall be $60,000 which represents 40% of his share.
Purchase Price is to be paid to the Seller in form of a Promissory Note for the complete
amount at the time of closing. - CLOSING OF THE AGREEMENT
The closing as per this Agreement shall occur at __ [CITY] on 31 st December
2020 at_____________ [TIME]. The certificates representing the sale shall be duly endorsed
for transfer. - REPRESENTATIONS AND WARRANTIES OF SELLER
Seller hereby warrants and represents that:
The Seller is the legal owner of the shares; clear of any liens, encumbrances or
security Interests of any type.
The Seller has complete authority to transfer and sell the shares mentioned in this
Agreement.
To the Seller’s knowledge, the Company is valid and duly registered under the
appropriate law and has the lawful authority to function and own and operate the
assets and property so as to carry on its business. - SEVERABILITY
It is agreed by the parties that in any event where a part or parts of this Agreement be held
unenforceable for any reason, foreseeable or unforeseeable, the remaining provisions of
the Agreement shall continue in full force and effect. If any provision of this Agreement is
deemed unenforceable or invalid by a competent court and if limiting such a provision
would make the same valid, then such provision shall be deemed to be construed as so
limited - BINDING EFFECT
The covenants and conditions of the Agreement shall bind the parties and the heirs, legal
representatives, successors, agents and permitted assigns of the Parties. - ENTIRE AGREEMENT
This Agreement contains between the parties with respect to the transactions shall
supersede all prior negotiations, agreements and understandings, if any. - MODIFICATIONS AND AMENDMENTS
This Agreement may be modified or amended, but only in writing and must be signed by
both the Parties to become valid. - GOVERNING LAW
This Agreement shall be deemed to have been made, executed, and delivered in the State of
[NAME OF STATE] and shall be construed per the laws of the State of [STATE]. - NOTICE
Any notice given in pursuant to this Agreement shall be in writing and be delivered at the
below-mentioned addresses of the Parties:
Purchaser:
Seller:
IN WITNESS WHEREOF, the parties upon complete understanding of the Agreement and
giving the consent to the same, have caused this Agreement to be executed on [DATE}
Purchaser:
(Name):
(Position):
(Signature):
Seller:
(Name):
(Position):
(Signature):
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