STOCK PURCHASE AGREEMENT
This Agreement (“Agreement”) made as of this 6th day of May, 2009, by and betweenHORST BALTHES(“Seller”) andTELEMEDICINE, INC. (“Buyer”) as to the facts set forth below:
WITNESSETH:
WHEREAS,Seller holds ownership of certain stock in ANVIL FOREST PRODUCTS, INC. (“ANVF”), and desires to sell an amount FIFTY THOUSAND (50,000) shares, and
WHEREAS, Buyer desires to acquire 50,000 of Seller’s shares in ANVF, representing 1.13% of the total 4,430,000 issued and outstanding shares of ANVF, pursuant to this Agreement,
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration the adequacy and receipt of which is hereby acknowledged,
IT IS AGREED, as follows:
1. Seller agrees to sell, and Buyer agrees to purchase from Seller, TWO HUNDRED FIFTEEN THOUSAND (215,000) shares of common stock at the total purchase price of FOUR HUNDRED NINETY TWO and no/100 U.S. Dollars ($492). Payment shall be in U.S. Dollars, in the form of cash or check as follows. Payment shall be in U.S. Dollars, in the form of cash, bank wire or check as follows. An amount of$492in good funds delivered and cleared to Seller’s account via escrow agent WILLIAM R. BARKER, PA (“Escrow Agent”) (account information as provided by separate communiqué’).
2. Upon receipt of payment at closing, Seller agrees to deliver to Buyer, share certificates representing the Common shares of ANVF Stock, duly endorsed for transfer.
3. The Closing contemplated hereby will occur on or before the May 6, 2009.
4. REPRESENTATIONS AND WARRANTIES: The undersigned Buyer hereby represents and warrants to Seller:
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| a. | The undersigned Buyer is acquiring the Stock solely for investment for his or her own account and not with a view to, or for, resale in connection with any distribution within the meaning of any federal securities act, state securities act or any other applicable federal or state laws; |
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| b. | The undersigned Buyer understands the speculative nature and risks of investments associated with the Stock, and confirms that the Stock would be suitable and consistent with his or her investment program; that his or her |
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