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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: BlackStar who wrote (3961)3/16/1998 6:47:00 PM
From: aleta  Read Replies (3) of 18444
 
Blackstar,

7.04 LIMITATION ON EQUITY. If during the period from the date hereof
until March 1, 1999, ZULU-tek or Enhanced undertake a merger, consolidation or similar transaction or form a new entity which is owned by their current shareholders or a successor to either of them, the capital structure will be such that if the same were undertaken on the date hereof, the shareholders of ZULU-tek would hold 80% and the holders of Enhanced would hold 20% of the resulting entity ("Deemed Ownership"). In addition, if ZULU-tek or Enhanced elect to issue additional shares of their common stock or capital stock
convertible into Zulu-tek Common Stock or Enhanced Common Stock, as the case may be, in order to effect independent corporate acquisitions or other transactions (other than as contemplated by existing employee incentive plans), such issuances shall be undertaken in consultation with the other and on the basis of a pro rata dilution of the Deemed Ownership on the date hereof as described above.
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