Contract for Sale of 30% of IIRN Company

Introduction
This contract ("Contract") is entered into by Al Arabiya Investment Group LLC ("Buyer")
and IIRN ("Seller"), dated 24/11/2023. This Contract establishes the terms under which
the Seller agrees to sell 30% of the issued and outstanding shares of IIRN Company
("Company") to the Buyer.
Sale Conditions
Priority Sale:
• The Seller agrees to sell and transfer to the Buyer 30% of the issued and
outstanding shares of the Company.
• The sale is based on the net revenue generated by the Company in the first
three months following the platform's launch ("Priority Sale Period").
• Payment Terms:
• The sale price shall be determined as [Total Revenue/Shares Sold].
• Payment shall be made in [Payment Currency] and is due by [Payment
Deadline].
• Compliance with Laws:
• Both parties agree to comply with all applicable laws, regulations, and
licensing requirements relating to the share sale and transfer.
• Confidentiality and Non-Disclosure:
• The terms of this Contract and any related documents are confidential.
Neither party shall disclose this information to third parties without written
consent from the other party.
• No Warranties:
• Both parties disclaim any warranties, representations, or guarantees
regarding the shares and the Company's financial performance.
• The sale is conducted on an "as is" and "where is" basis.
• Amendments and Termination:
• Amendments to this Contract must be in writing and signed by both parties.
• Either party may terminate this Contract with [Termination Notice Period].
Upon termination, the Seller shall immediately transfer the shares to the
Buyer.
Governing Law and Jurisdiction
• This Contract is governed by the laws of [Jurisdiction].
• Disputes arising from this Contract fall under the exclusive jurisdiction of the courts
in [Jurisdiction].
Entire Agreement
• This Contract represents the entire agreement between the Buyer and Seller
concerning the share sale, superseding all prior agreements, understandings, or
negotiations.
Acceptance
• By signing below, both parties acknowledge their understanding and agreement to
these terms and conditions.

• Role Clarification: Ensure that the roles of Buyer and Seller are consistent
throughout the contract. It seems there might be a reversal in roles in the original
draft.
• Specificity in Terms: Be specific in defining terms like 'Priority Sale Period',
'Payment Deadline', and 'Total Revenue/Shares Sold'.
• Legal Review: Have this contract reviewed by a legal professional, especially for
terms like 'No Warranties' and 'Governing Law and Jurisdiction'.