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REVISED PURCHASE AGREEMENT

Purchase and Sale Agreement

REVISED PURCHASE AGREEMENT | Document Parties: SOLAR ENERGY LTD | Maidon Services Limited | Planktos, Inc You are currently viewing:
This Purchase and Sale Agreement involves

SOLAR ENERGY LTD | Maidon Services Limited | Planktos, Inc

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Title: REVISED PURCHASE AGREEMENT
Date: 12/17/2008
Industry: Electric Utilities     Sector: Utilities

REVISED PURCHASE AGREEMENT, Parties: solar energy ltd , maidon services limited , planktos  inc
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Exhibit 10

August 28, 2008
 

REVISED

PURCHASE AGREEMENT

     

Between:          Solar Energy Limited (SLRE), as Seller
               SLRE is a public company listed on the OTCBB
 
 
And:               Maidon Services Limited, (MSL) as Purchaser
               MSL is a company incorporated and existing under the laws
               of Nicosia, Cyprus.
 
 
 
SLRE owns 45,000,000 shares of a public company listed on the OTC Pink Sheets called Planktos Corp (PLKT). PLKT has a wholly owned private company subsidiary called Planktos, Inc incorporated in California.
 
SLRE hereby agrees to sell to MSL the 45,000,000 shares on the following terms and conditions:
 

 

1.     

Purchase Price: $200,000 (US)

 

 

2.     

Deposit: $125,000 (US), such deposit to be wired to the account of :

 

      Solar Energy Limited
     Account# - 6095246945

     Wells Fargo Bank
     74 – 105 El Paseo
     Palm Desert, CA 92260
     Routing# -122000248
     Swift Code WFBIUS6S
     

 

3.     

On receipt of the $125,000, 40,000,000 PLKT shares to be released to MSL on the Closing date,

 

 

4.     

Closing Date: November 13, 2008

 

 

5.     

Balance of $75,000 paid as follows:

 

 

a)     

$75,000 cash due in 14 months; the $75,000 can be converted into shares of PLKT at the Sellers option in part or in total at any time during the next 14 months at the rate of one share per 25¢. On either payment or conversion of the $75,000 the remaining 5,000,000 PLKT shares to be released.

 

 

6.     


 
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