PRE-INCORPORATION AGREEMENT - ACQUISITION CLAUSE

AGREEMENT BETWEEN PARTNERS FOR FORMATION OF A COMPANY TO

ACQUIRE THEIR BUSINESS

THIS AGREEMENT is made this............. day of........................................ 2015

BETWEEN .......................................................(name), first partner of (address) and ..............................................................(name), second partner of (address).

WHEREAS, the parties have agreed to form a company for the purpose of acquiring as a going concern, the business of the parties (state the kind of business) now carried on by them in partnership under the name (name of the business).

NOW IT IS AGREED AS FOLLOWS: