Wescorp Energy Inc WSCEE

why? done? anyone?

[pioneer69]

Conditional Purchase Agreement As a condition on the acquisition of Vasjar the Company was required to issue on or before April 1, 2005 between 480,000 and 600,000 additional shares based on sales achieved in the 2004 calendar year. The lower figure was based on sales of less than $3,000,000, and the upper figure was based on sales in excess of $3,750,000. The shares were required to be registered at delivery. Wescorp was not able to deliver free-trading shares on April 1, 2005, and so the Company will be liable to pay the former owners of Vasjar an additional 48,000 Wescorp shares for each month that the shares are not delivered, starting with the month of April 2005. If any of the Wescorp shares to be issued to the former owners of Vasjar have not been delivered for a period of 182 days after the applicable due date, they may at their option terminate the share purchase agreements, without notice or prior opportunity to cure. Wescorp has pledged to the former owners of Vasjar all the Vasjar shares as security to guarantee Wescorp’s performance under the share purchase agreements