Exhibit 10.74
DATED THIS 15th DAY OF MARCH 2001
THE SEVERAL PERSONS WHOSE NAMES
ARE SET OUT IN COLUMN 1 OF THE FIRST SCHEDULE
AND
MYWEB TECHNOLOGIES LTD
SALE AND PURCHASE AGREEMENT
(For Shares)
SHOOK LIN & BOK
ADVOCATES & SOLICITORS
20TH FLOOR, ARAB-MALAYSIAN BUILDING
55 JALAN RAJA CHULAN
50200 KUALA LUMPUR
TABLE OF CONTENTS
HEADING PAGE
PARTIES 1
ARTICLE I RECITALS
Section 1.01 The Company 1
Section 1.02 Agreement to sell and purchase 1
Section 1.03 The Exercise 1
Section 1.04 Approval from LFX 2
ARTICLE II DEFINITIONS
Section 2.01 Definitions 2
ARTICLE III SALE AND PURCHASE OF THE SHARES
Section 3.01 Agreement to sell and to purchase 4
Section 3.02 Consideration 4
Section 3.03 Consideration Shares 4
ARTICLE V CONDITIONAL AGREEMENT
Section 4.01 Conditions Precedent 4
Section 4.02 Application for approvals 5
Section 4.03 Notification 5
Section 4.04 The Option Period 5
Section 4.05 Appeals 5
Section 4.06 The Cut-Off Date 6
ARTICLE V COMPLETION
Section 5.01 Completion of sale and purchase 6
Section 5.02 Vendors holding as trustees 7
Section 5.03 Concurrent actions to be taken by Vendors