Share Purchase and Board Resignation Agreement between National Datacomputer, Inc. and Anthony Stafford
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Summary
National Datacomputer, Inc. and Anthony Stafford have agreed that Stafford will sell all 3,115,077 of his shares in the company to NDI for $5,000. Stafford must mail the endorsed stock certificates to NDI, after which NDI will wire the payment. The agreement also acknowledges Stafford's resignation as chairman of NDI's Board. This agreement formalizes the terms discussed between the parties and sets out the process for transferring the shares and payment.
EX-10.5 4 exh10-5_16867.htm LETTER AGREEMENT exh10-5_16867.htm
EXHIBIT 10.5
NDI
National Datacomputer, Inc.
| TO: | Anthony Stafford |
| FROM: | National Datacomputer, Inc. |
| RE: | Agreement to sell all of the shares of National Datacomputer, Inc. |
| DATE: | July 13, 2010 |
This agreement serves to formalize our discussion in which you have agreed to sell to National Datacomputer, Inc. (“NDI”), a Delaware Corporation, in exchange for $5,000, all of the shares of NDI which you own (3,115,077 shares). The stock certificates are itemized below:
| Dated | Pre-split Quantity | Post-split Quantity |
| 3/30/07 | 20,226,157 | 1,348,410 |
| 7/28/08 | 66,667 | |
| 9/18/08 | 1,200,000 | |
| 6/18/09 | 500,000 |
Please mail the above stock certificates, properly endorsed, to National Datacomputer, Inc. 19 Crosby Drive, Suite 310, Bedford, MA 01730, attention Bruna Bucacci.
Upon receiving your signed copy of this agreement, along with the original certificates, properly endorsed, NDI will wire, to your account, the amount of $5,000.
In additional, this letter will also recognize your decision to resign from the Board of NDI as its chairman.
| Bruna Bucacci /s/ Bruna Bucacci | Anthony Stafford /s/ Anthony Stafford |
