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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: michael d kugler who wrote (24673)12/8/1997 7:25:00 AM
From: tonto  Read Replies (1) of 55532
 
8K info regarding the asset.

The issue is not clear cut, and there may be potential liability as to ownership.

1.2 Delivery of Certificates. The exchange of shares shall be effected at close of escrow by the delivery to Olympus, of the certificates representing the Stockholders' shares endorsed in blank or accompanied by stock powers executed in blank, with all signatures witnessed or guaranteed to the satisfaction of Olympus; and by the delivery to Stockholders of the certificates representing
the Olympus Shares issued on a pro rata basis to the Stockholders.
With the exception that, pursuant to Section 3.6 hereof, an additional 6,000,000 Shares will be issued 12 month from the date of this contract subject to no undisclosed claims, debts or similar causes of action that may be asserted against RMIL and arising from PRTI's acquisition or ownership of MVP Holdings, Inc. a Nevada
corporation ("MVP").

The company has protected itself against issuance of all shares until
the ownership issue is resolved.

3.6 Indemnification for Undisclosed Liabilities. The Stockholders agree to indemnify RMIL and hold harmless RMIL from any judgments or undisclosed liabilities arising from acquisition or ownership of MVP; and further that in the event any claim is asserted against RMIL arising from or in connection with the acquisition or ownership of MVP, the Stockholders agree to subrogate RMIL in
the Agreement for Purchase and Sale of Assets between MVP and PRTI dated March 10, 1997, both of which are incorporated herein by this reference and attached hereto as Exhibits D and E, respectively.
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