Sales agreement

This project received 6 bids from talented freelancers with an average bid price of R14967 ZAR.

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Project Budget
R10500 - R21000 ZAR
Total Bids
Project Description

JA to create KInvestments with 1000 authorised shares

100 shares issued to JA

JA engages with DJ to transfer the shares of Company into KiInvestments for 400 shares in the company plus R1600 000.

RPP to purchase 100 of the shares from DJ for R320 00 on loan account from DJ

S&S approached to sell their business into KInvestments plus a R1 600 000 capital injection into the company in return for 500 shares and R975 000.

This now leaves a company owned as follows:

DJ = 30%

RPP = 10%

JA = 10%

JACKS = 50%

7. Company now has a combined value after the transaction of

R3200 000 + R1950 000 = R5 150 000

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