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“...83 3. In consideration of the Assignment contemplated by Clause 2. and upon the execution of such Assignment by the said Charles Brodie Sewell the Aruba Island Phosphate Company Limited will pay to the said Charles Brodie Sewell the sum of Twenty one thousand pounds which sum shall be satisfied by the allotment to him or his nominees of Two thousand one hundred . fully .paid iip shares of Ten pounds each in the Company. 4. This Agreement is conditional upon the formation of and registration of the Aruba Island Phosphate Company Limited being completed on or before the thirty first day of December One thousand eight hundred and seventy eight. 5. The said Arthur Chaplin being a formal party only shall not incur any personal responsibility of any kind whatever under this Agreement. In witness whereof the said parties have hereunto set their hand the day and year first above written. Witness to the signatures C. BRODIE SEWELL of the said Charles Brodie Sewell and Arthur...”