Bill of Sale and Promissory Note between Loesha Henchall and James Durward for FuLuCai Productions Ltd. Shares

Contract Categories: Business Finance › Purchase Agreements
Summary

Loesha Henchall agrees to sell 80,000,000 common shares of FuLuCai Productions Ltd. to James Durward for $24,000. Payment is made via a promissory note from Durward, who promises to pay the amount with 5% annual interest over two years, due by April 30, 2013. The note is secured by 4,800,000 restricted shares, and is otherwise non-recourse. This agreement was signed by both parties in Calgary on April 28, 2010.

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EX-4.1 4 ex41.htm PURCHASE AND LOAN AGREEMENT BETWEEN JAMES DURWARD AND LOESHA HENCHALL DATED APRIL 28, 2010 ex41.htm

Bill of Sale and Promissory Note

I, Loesha Henchall, hereby sell 80,000,000 common shares of FuLuCai Productions Ltd., to James Durward for the sum of US$24,000. I agree that the total consideration for the sale is US$24,000 ($0.0003 per share) and that I accept the below Promissory Note as full payment.

Signed in Calgary this 28th day of April, 2010.

/s/ Loesha Henchall_______________________
Loesha Henchall

Promissory Note

I, James Durward, do hereby promise to pay Loesha Henchall the sum of US$24,000 subject to the following terms and conditions:

a)  
5% simple annual interest rate;
b)  
2 year term – the note must be paid back on or before April 30, 2013;
c)  
The note is secured by 4,800,000 restricted common shares of FuLuCai Productions Ltd;
d)  
Beyond the security in (c) above, the note is non-recourse.

Signed and agree to in Calgary, this 28th  day of  April, 2010.

_/s/ James Durward_________________________
James Durward