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Non-Tech : CNCG...can the
CNCG 1.070+7.5%Oct 31 5:00 PM EST

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To: Lawrence Burg who wrote (3)5/20/2002 2:05:23 AM
From: Lawrence Burg   of 8
 
The "Bryant Clause"

nasdaq.com

Post-Closing Covenants. The post-merger company shall not reverse split its stock for at least two years without the written consent of Gary Bryant of Indian Wells, California, who will represent the interests of the present Starfest shareholders. Mr. Bryant is the record owner of 1,310,000 shares of Starfest common stock and will receive an additional 143,783 shares of its common stock, through his ownership of 2,129 shares of Concierge common stock, should the merger be approved. Mr. Bryant's shareholdings represent 5.7 percent of Starfest's presently outstanding shares and 0.15 percent of Concierge's presently outstanding shares. Should the merger be approved, he will own 1.3 percent of the outstanding shares of the post-merger company. He will be the owner of the largest number of shares of the post-merger company of any present Starfest shareholder. For this reason, he was chosen by the Starfest directors to represent the interests of the present Starfest shareholders in regard to possible reverse stock splits that might be proposed by the post-merger directors.
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