Rocky
Johannesburg,#2General Comment
Mon, April 02, 2012
ERVIN YOU CAN RUN BUT YOU CANT HIDE ALL I HAVE HAD IS FRAUDULANT DOCUMENTATION FROM YOU OF FALSE TRANSFERS AND POF. MY COMPANY ITTERNA HAS HAD LEGAL CASES THAT HAVE BEEN GRANTED BECAUSE OF MY CONTRACTIAL COMMITMENT TO MY PROJECTS THAT REQUIRED YOUR FUNDING ANYONE PLEASE FEEL FREE TO CONTACT ME AT [email protected] SO THAT WE CAN JOINTLY PUT THIS FRAUDSTER AWAY.
CONTRACT AGREEMENT
Between Serpentine Acquisitions Limited or its Nominee
A company incorporated under the laws of British Columbia acting through a Designated Office
3191 Chatham Street, Richmond, BC V7E 6B8 And represented by Mr Ervin Booker
Hereinafter referred to as INVESTOR and Itterna Commodities Limited a company incorporated under the laws of Cyprus
acting through a Designated Office Corner of XXXXXXXXXXXXXXXXXXXXXXXXXXXX Cyprus And represented by Mr Allen Denham
Hereinafter referred to as OWNER
Reference: SA/ITT/1710
To: Mr. Ervin Booker
Currency: EURO 500,000.00
Authorized Signatory: Mr.Ervin Booker
Beneficiary: Serpentine Acquisitions
1. DEFINITIONS
1.1. Unless the context otherwise indicates, the following words and expressions shall mean:
1.1.1. Serpentine Acquisitions Limited means Serpentine Acquisitions Limited a company registered according to the laws of British Columbia.
1.1.2. Itterna Commodities Limited means Itterna Commodities Limited, a company registered according to the laws of Cyprus.
1.1.3. Clause and paragraph headings are for reference purposes only and shall not be used in the interpretation of the individual clauses or paragraphs.
2. PREAMBLE
2.1. Serpentine Acquisitions Limited or its nominee has committed to make EURO 500,000 (Five Hundred Thousand Euros) of Cash Funds available to finalise the completion of the transaction.
2.2. It is agreed by Itterna to make a payment of 20,000 upon execution of this Contract/Agreement as partial Security Deposit.
2.3. A balance of the Security Deposit of 30,000 is to be paid prior to the transfer of 500,000 into Itterna's account.
2.4. On finalisation of the transaction to the satisfaction of all signatories, it is agreed that Itterna Commodities will repay the EURO500,000-00 (Five Hundred Thousand Euros)
2.5. It is agreed that the 500,000-00 (Four Hundred Thousand Euros) will stay with Itterna Commodities for a period of 6 (Six) months.
2.6. The signatories have agreed that their agreement be reduced to writing.
2.7. Itterna Commodities commits to cancel all other transactions in process on confirmation from Serpentine Acquisitions Limited or its nominee to this transaction in writing and by transfer of the agreed funds as per 2.2 above.
3. NO PARTNERSHIP FORMED
3.1. It is not the intention of the signatories that a partnership be formed between them.
3.2. It is the intention that all the signatories shall contribute their separate resources to a single transaction.
4. BANKING ACCOUNT
4.1. Itterna Commodities acknowledges that they receive the payment on behalf of the signatories to this agreement.
4.2. Itterna Commodities Limited undertakes to open a suitable joint account at an agreed bank to receive payment of the funds for the projects, for distribution in accordance with this agreement.
4.3. The account so opened shall be in the name of and under the exclusive control of Itterna Commodities and Serpentine Acquisitions Limited or its nominee.
4.4. Itterna undertakes to instruct, irrevocably, the bank referred to in 6.3 above to act as paymaster to pay directly to Serpentine Acquisitions Limited or its nominee who are entitled to receive payment under this agreement in accordance with their respective nominated shares.
4.5. This agreement shall be lodged with the Bank of Cyprus and will be deemed to be an irrevocable direct instruction to the bank to effect payment according to the terms of this agreement.
5. CONFIDENTIALITY
5.1. Each signatory irrevocably undertakes in favour of the other signatories that they will not under any circumstances disclose any information concerning the private business affairs of this transaction, both during and after termination of this agreement.
6. NON CIRCUMVENTION
6.1. All the signatories acknowledge that, but for the association that resulted in the introduction of the signatories to
one another, the transaction proposed by the signatories to this agreement would not have taken place.
6.2. It is acknowledged therefore by all the signatories that Serpentine Acquisitions Limited and ITTERNA are and will be the effective cause of the transaction.
6.3. The signatories therefore agree not to circumvent or attempt to circumvent any of the signatories in this transaction, including all renewals, extensions, additions or any new agreements for a period of five (5) years from the date of signature of this agreement.
6.4. It is agreed by the signatories that this agreement binds all signatories, their employees, associates, and assigns.
7. REGULAR ACCOUNT
7.1. ITTERNA shall instruct the nominated bank paymaster to send to each signatory copies of the weekly statements of account received from the Trader disclosing the profit earned for the duration of the proposed trading period.
8. DUTY OF GOOD FAITH
8.1. The signatories hereto shall observe a duty of good faith to each other in all their transactions relating to or affecting this agreement.
8.2. Each of the signatories to this agreement shall, on request, furnish the other signatories with correct accounts, statements and information concerning the affairs and contractual arrangements arising from this agreement, without any concealment or suppression.
9. BANKING CO-ORDINATES
9.1. For the purposes of receiving payment under this agreement, each signatory nominates the following bank account
9.1.1. TO BE ADVISED (Serpentine Acquisitions)
9.1.1 Bank Name :HSBC Bank Canada
9.1.1. Name of Account: Ervin L Booker
9.1.1.3. Euro Account Number: 10110 XXXXXXXXXXXXXX
9.1.1.4. IBAN No.: N/A
9.1.1.5. Swift Number: HKBC CATT
9.1.1.6. Address: 2164 West 41st Avenue
Vancouver, B.C. V6M 1Z1
Canada
9.1.1.7. Bank Officer: Ada Ching
9.1.1.8. Telephone number: 604.267.3181
9.1.1.9. Fax number: 604.261.4251
9.1.2. Itterna Commodities Limited
9.1.2.1. Bank Name : Bank of Cyprus
9.1.2.2. Name of Account: Itterna Commodities Ltd
9.1.2.3. Account Number: 0 XXXXXX(EUR)
9.1.2.4. IBAN: CYXXXXXXXXXXXXX00
9.1.2.5. Swift Number: XXXXXXXX
9.1.2.6. Address: XXXXXXXXXXXXXXXXXX
9.1.2.7. Bank Officer: Mr. LXXXXXXXXXXXXXX
9.1.2.8. Telephone number: 00357
9.1.2.9. Fax number: 00357
10. MISCELLANEOUS
10.1. The signatories acknowledge that this agreement sets out the entire agreement between them, and that neither party, nor their respective agents have given any warranties, or made any representations of any nature, which are not recorded in this agreement, or which induced them to enter into this agreement.
10.2. No variations or consensual cancellation of this agreement shall be of any force or effect unless reduced to writing and signed by the signatories.
10.2.1. No extension of time or waiver of rights which either party may give to the other shall prejudice any of the rights, duties or obligations of either party under this agreement.
Signatures: