In connection with the Revcon Technologies, Inc. and Alliance Computer Systems,
LLC acquisitions, Kenneth Borge and Paul Aubin, the former owners respectively,
signed five year employment agreements with Beach Access.Net, Inc. These
agreements provide for the following:
o Annual salaries aggregating $110, 000;
o Options to purchase additional shares of restricted shares of common
stock for $.001 per share as follows:
o 1,000,000 restricted shares contingent upon
certain performance criteria associated with
mobile wireless Internet operation being met;
o 1,000,000 restricted shares contingent upon
certain further performance criteria associated
with mobile wireless Internet operation being met;
o A covenant not to compete for a two-year period in certain, as defined,
businesses.
Through September 30, 2000, the performance criteria was met for the first
1,000,000 share option.
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