Sale and Transfer Agreement for Investment Interests in American Residential Gap ApS between ProGreen Properties, Inc. and Rupes Futura AB

Summary

ProGreen Properties, Inc. has agreed to sell all its debentures and shares in American Residential Gap ApS to Rupes Futura AB for $60,000. The payment is to be made by wire transfer to ProGreen Properties, Inc. by June 20, 2013. This agreement formalizes the transfer of investment interests between the two parties, effective as of May 30, 2013.

EX-10.15 2 f10k2013ex10xv_progreen.htm SALE OF INVESTMENT INTERESTS IN AMERICAN RESIDENTIAL GAP APS f10k2013ex10xv_progreen.htm
Exhibit 10.15
 
SALE OF INVESTMENT INTERESTS IN AMERICAN RESIDENTIAL GAP APS
 
It has been agreed that ProGreen Properties, Inc. (“Progreen”), will sell and transfer all of its debentures and shares in American Residential Gap ApS (the “Securities”) to Rupes Futura AB and that Rupes Futura AB will purchase the Securities, as of May 30, 2013, for a total amount of $60,000, payable before June 20, 2013, by wire transfer to:
 
Account no: 01381843189
Routing No: 072 403 473
Bank: Huntington Bank
Swift: HUNTUS33
Account holder: ProGreen Properties, Inc.
 
RUPES FUTURA AB                                                                           PROGREEN PROPERTIES, INC.
 
/s/  Henrik                         By:  /s/ Jan Telander
 
Stockholm May 30, 2013                                                                      Birmingham May 30, 2013