Here's the Legal Fund Agreement.....tell me that it's
restricted stock again dude....NOT!
RTIN LEGAL FUND
September 12th 2000
RTIN, the Company (Restaurant Teams International Inc.) hereby agrees to compensate shareholders, specifically in response to establishing a Discretionary Legal Fund to be utilized by the Law Firm of Brill & Johnson solely for the purpose of RTIN and it’s current legal issues.
These funds are not to be construed as a retainer or obligating RTIN’s attorneys in any way to the contributor. All monies sent are for the sole purpose of the representation of RTIN in their current legal issues.
Please make checks payable to Brill & Johnson. Apply a notation “RTIN Defense Fund”. All funds are to be sent by Federal Express (use our account number 1627-2127-5) to the Law Firm of Brill & Johnson located at 1600 Smith Street, 40th Floor, Houston, Texas 77002 (713-237-1234).
THE COMPENSATION IS AS FOLLOWS:
1.) Principal cash contribution will be returned in full within 12 months, with 12% interest to be accruing at the date agreement is executed. (i) If for any reason all cash is not returned, then the contributor will receive free trading shares equivalent to 120% of the balance owed. Each share is to be based on the current market price.
WARRANTS ISSUED AS FOLLOWS:
2.) For every dollar contributed, 4 warrants will be issued. One class “A” warrant, two class “B” warrants, and one class “C” warrant.
Class “A” warrants have a strike price of $0.25 / Class “B” warrants have a strike price of $0.50 / Class “C” warrants have a strike price of $1.00
TERMS AND CONDITIONS OF WARRANTS:
Warrants expire 24 months from date of issue. Warrants are unrestricted, and shares purchased through the warrants can be freely traded on the OTCBB under RTIN. Warrants carry all the rights and privileges of common stock, up to the date they are exercised or expire. The warrants are exercised by signing the back of the certificate under FORM OF EXERCISE using the certificate name or assigned name. The signatures must be accompanied with a medallion signature guarantee.
The signed certificate and check should be sent to Restaurant Teams International Inc. at the following address: Restaurant Teams International Inc., 911 Loop 281 suite 111, Longview, Texas 75605
Please endorse the check: Restaurant Teams International Inc.
Upon receipt of the check and signed Warrant Certificate, RTIN will forward the certificate and instructions to the transfer agent for processing. Investors will receive stock certificates within 5 to 7 days thereafter.
Name: _____________________________
Address: ___________________________
Telephone: _________________________
Telefax: ___________________________
Social Security Number: ______________
Email address:
AMOUNT OF CONTRIBUTION: _____________________________
Curtis A. Swanson CFO
Restaurant Teams International Inc.
911 Loop 281 suite 111
Longview, Texas 75605
1-903-295-6800
___________________________________________
Authorized Signature / Curtis A. Swanson CFO / RTIN |
