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BITCOIN SALE CONTRACT
City: Medellín -Colombia
Date: December 3, 2020
It is hereby established that among the undersigned, namely: JUAN VECINO, of
legal age, resident of this city, identified with citizenship card
number .................... .............................., from .................. ................., of marital
status ..................., who in this contract acts as SELLER, on the one hand, and on
the other, FABIAN VECINO, identified with the citizenship card
number ............................. ...... of ..............................., who in this contract acts as
BUYER, We enter into this PURCHASE AND SALE contract, which is governed by
the following:
CLAUSES:FIRST. - The seller,WHILE The Seller wishes to sell to the Buyer 1000
(thousand) Bitcoin at the price of -8% of the current market value 5% discount for
the buyer, 3% for broker commissions (as shown on blockchain.info) (hereinafter
referred to as such as "Assets").
WHILE, The Buyer wishes to buy the Assets from the Seller for a total price of USD
/ euro of 1000 BTC monthly agreed by the Buyer and the Seller (hereinafter
referred to as "Purchase Price"); NOW, THEREFORE, in consideration of the
promises made below by the Parties, the following is hereby agreed:
CONTRACT:
Amount: 1000 BTC with R&E
First stretch: to be defined 300 BTC
The Contract between the Seller and the Buyer, signed by the SELLER, is sent to
the BUYER for approval and signature.
FIRST: The asset sale procedure
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1. Buyer's sign the agreement (Buyer provides current account statement,
seller's provider wallet screenshot)
2. Seller yesgns the agreement Y provides the bank coordinates.
3. Buyer transfers the first section in Equivalent USD / EUR # to be defined
300 btc To the seller reported to the selling agent.
4. Upon confirmation of payment, the seller transfers the # to be defined 300
bitcoins from your wallet to the buyer's wallet and provide the screenshot to
the buyer
5. Seller pays all brokers If any by 3% in btc (1.5% buyer side, 1.5% seller if
Delaware).
6. Both parties leave of the meeting.
SECOND: Representations and warranties of the seller, the buyer
2.1 The Seller declares and guarantees that:
(i) The Seller is the owner of the Assets; 1000 BTC.
and (ii) the Seller has all the power and authority necessary to execute, deliver
and execute this Agreement and sell the Assets to the Buyer.
2.2 The Buyer declares and guarantees that:
(i) the Buyer had the opportunity to ask questions and receive answers from the
Seller regarding the terms and conditions of the purchase of the Assets;
(ii) the Buyer knows and understands the speculative and volatile nature of bitcoin
prices;
and (iii) the Buyer has such knowledge and experience in financial and commercial
matters that it is capable of evaluating the merits and the risk of purchasing the
Assets;
and (iv) Buyer has all the power and authority necessary to execute, deliver and
execute this Agreement and to purchase the Assets from Seller.
THIRD. Breach
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Default by the seller:
3.1 If the seller does not transfer the bitcoins to the buyer's wallet within 24 hours
(twenty-four hours) of SWIFT confirmation MT103 has been received at the
seller's bank, this agreement will become null and void.
3.2 If the seller does not execute this agreement as described in Clause 1.5.
Immediately, without any additional action or formality being required, the buyer
will be liable for a fine immediately due and payable of 3% of contractual value
percentage = 30 BTC) and without prejudice to the right of the buyer to claim
damages in addition, if any.
Default by the buyer:
3.3 If the buyer does not transfer the funds to the seller's bank account within 24
hours (twenty-four hours) after receipt of the performance bond, this agreement
will be void and the buyer must pay the full amount of the PB issued by the
selling bank.
3.4 If the buyer does not execute this agreement as described in Clause 1.6.
Immediately, without any additional action or formality being required, it will be
liable to the seller for a fine immediately due and payable of3% (1000
percentage = 30 BTC) and without prejudice to the buyer's right to claim
damages, if any.
QUARTER: Confidentiality
4.1 To the extent permitted by law, the Parties may wish, from time to time, in
connection with this Agreement, to disclose Confidential Information to each other.
For the purposes of this Agreement, the term "Confidential Information" refers to
information that the Disclosing Party marks in writing as confidential. Each Party
will use reasonable efforts to avoid the disclosure of the Confidential Information of
the other Parties to third parties during the term of this Agreement and for a period
of five (5) years after the termination of this Agreement, provided that the receiving
Party The obligation should not apply to information that:
4.1.1 It is not disclosed in writing;
4.1.2 It is not marked as confidential in writing;
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4.1.3 Already in the possession of the receiving Party at the time of disclosure;
4.1.4 Is or later becomes part of the public domain through no fault of the receiving
Party;
4.1.5 It is received from a third party that has no confidentiality obligations to the
Disclosing Party;
4.1.6 It is developed independently by the receiving Party; or
4.1.7 It is required by law or regulation to be disclosed.
4.2 Each Party may disclose Confidential Information to those of its officials,
employees, legal advisers and professionals who have agreed with that Party in
writing to comply with that Party's confidentiality obligations under this Agreement.
4.3 Section 4 must survive the expiration or termination of this Agreement for any
reason.
FIFTH: Duration and termination
5.1 The term of this Agreement will begin on the Effective Date and will continue
until the following two events occur:
(i) The Assets are transferred by the Seller to the Buyer; Y
(ii) The Buyer pays the Purchase Price to the Seller.
(iii) Termination of this Agreement will not impair any rights or remedies of any
Party accrued prior to termination of this Agreement.
SIXTH: Various
6.1 Applicable law. This Agreement will be governed and interpreted according to
the laws of Colombia, the Independent Republic.
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6.2 Disputes. The Parties agree to submit all their disputes arising out of or in
connection with this Agreement to the exclusive jurisdiction of the courts of
Colombia.
6.3 Notices. Any notification or communication required or permitted below will be
in writing.
6.3.1 Notifications and communications to the buyer will be sent to the following
email address:
6.3.2 Notifications and communications to the seller will be sent to the following
email address:
6.4 Counterparties. This Agreement can be executed in three or more
counterparties, each of which will be considered original, but all together will
constitute one and the same instrument.
6.5. Assignment. Either Party may transfer or assign any part of this Agreement
only after receiving the prior written consent of the other two Parties.
6.6. Entire Agreement. This Agreement constitutes the entire agreement between
the Parties and supersedes any prior understandings or representations of any
kind prior to the date of this Agreement. There are no other promises, conditions,
understandings or other agreements, whether verbal or written, related to the
subject matter of this Agreement.
6.7. Binding effect. This Agreement shall be binding and shall inure to the benefit of
the successors, executors, heirs, representatives, administrators and authorized
assignees of the Parties.
6.8. Divisibility. If any part or parts of this Agreement are found unenforceable for
any reason, the remainder of this Agreement will continue in full.
vigor and effect. If any provision of this Agreement is held invalid or unenforceable
by any court of competent jurisdiction, and if the limitation of such provision would
make the provision valid, then such provision will be deemed limited.
6.9. Resignation. Failure by a Party to strictly enforce a provision of this Agreement
should in no way be considered a waiver of
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any part of said provision. No waiver by a Party of any default or default by another
Party shall function as a waiver of any subsequent or other default or default by
such other Party. No resignation should be effective unless it is specific, irrevocable
and in writing.
Note:
It should be noted that the contractual validity of the new system of transactions
carried out with Cryptocurrencies, is a new model that does not yet have direct
regulations, however, our Colombian civil code as a rule that governs the sale and
purchase model in our country, states in its article 1849, which is a bilateral
contract in which one of the parties is obliged to give, one thing and the other to
pay in money, in this relationship it is recognized as elements of
said business, including articles 1443 and ss civil code, 1955 and ss of the same
code, these as normative couplings for the sale and purchase relationship when
these are carried out with the Blockchain, can serve as supports for by connection
to be able to carry out said business with tranquility and knowledge.
For the purposes of legality, this contract is signed on the (3) day of the month of
December 2020, in the city of Medellín, in two (2) copies on plain letter-size sheets
of paper.
DIGITAL SIGNATURES OF THE PARTIES:
THE SELLER:
.................................................. ..............
CC No.
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THE BUYER,
.................................................. .....
CC No.
