Share Purchase Agreement between LegalPlay Entertainment Inc. and Randy Peterson for Skill Poker.com Inc. Shares
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Summary
LegalPlay Entertainment Inc. agrees to sell all its shares and liabilities in Skill Poker.com Inc. to Randy Peterson for $1.00. Peterson acknowledges the outstanding debts of SkillPoker and releases LegalPlay from any future claims or liabilities related to SkillPoker. LegalPlay will also ensure the transfer of the corporate register to Peterson. This agreement finalizes the transfer of ownership and responsibility for SkillPoker from LegalPlay to Peterson as of March 1, 2006.
EX-2.2 3 ex2_2.htm EXHIBIT 2.2 ex2_2.htm
SALE OF SHARES
Dated March 1st 2006
By and Between;
LegalPlay Entertainment Inc ("LegalPlay")
And
Randy Peterson. ("Peterson")
WHEREAS
| | · | LegalPlay is the owner of 100% of the issued and outstanding shares (the "Shares") and liabilities of Skill Poker.com Inc. ("SkillPoker") a company incorporated in Washington State, United States of America. |
| | · | SkillPoker is in default of certain terms and obligations under an Agreement entered into with Blue Diamond International Capital Inc. ("BlueDiamond") and Poker.com. |
| | · | LegalPlay has concluded that there is no further value in owning the shares of SkillPoker as there are still certain liabilities owning to the Companies solicitors and to Peterson. |
| | · | Peterson has entered into a personal agreement with BlueDiamond and wishes to purchase the Shares of SkillPoker. |
| | · | LegalPlay agrees to sell 100% of the shares and liabilities to Peterson for $1.00. |
NOW THEREFORE for valuable consideration given and received and by their mutual covenants the parties agree as follows;
| | 1 | LegalPlay hereby sells to Peterson 100% of the Shares in SkillPoker for $1.00. |
| | 2 | LegalPlay hereby acknowledges receipt of the sum of $1.00 in full payment for the shares from Peterson. |
| | 3 | Peterson acknowledges that there are still outstanding debts due by SkillPoker which have been disclosed by LegalPlay. |
| | 4 | That Peterson hereby releases LegalPlay from any liability with respect to any claim by any person or creditor of SkillPoker or liability accruing as a result of this transaction. |
| | 5 | LegalPlay will instruct their solicitors to release the Corporate Register to Peterson. |
| /s/ Cecil Morris | /s/ Randy Peterson | |||
| LegalPlay Entertainment Inc | Randy Peterson | |||
