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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: Ted M who wrote (39885)4/4/2001 11:07:02 PM
From: Ice Cube  Read Replies (1) of 40688
 
Ted, here is your answer. They are going to file to sell 20 million shares, free trading....

SECTION 3. REGISTRATION RIGHTS WITH RESPECT TO THE SHARES.

(a) The Company agrees that it will prepare and file with the Securities and Exchange Commission ("Commission"), within 30 days after the date hereof, a registration statement (on Form SB-2, or other appropriate form of registration statement) under the Securities Act (the "Registration Statement"), at the sole expense of the Company (except as provided in Section 3(d) hereof), in respect of Purchaser, so as to permit a public offering and resale of the Shares under the Securities Act by the Purchaser. The Company agrees to register such shares
of the Company's Common Stock so as to have a total of 20,000,000 shares available for issuance to the Purchaser pursuant to the Purchase Agreement for resale by the Purchaser.
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