Bryan - Yes, I do have the Brian Jackson agreement! It is dated February 2, 1996, and reads the same as the standard form (see #6286) with the following changes:
1. "... services shall include the introduction of the Company to Walt Disney & Co. and the closing of the business opportunity to put video teleconferencing to the 20,000 homes in Celebration City, Florida."
2. "The terms of this agreement will be for 2 years. Mr. Jackson, as part of this understanding, agrees that no shares will be sold until the above mentioned business opportunity is finalized. After the finalization of said opportunity, Mr. Jackson may sell a maximum of 50,000 shares a week. If the opportunity is noat (sic) finalized within 2 years, said stock will be returned and Mr. Jackson will receive a payment of all proveable and reasonable expenses related to the above mentioned opportunity."
3. ...total fees in the amount of $2,500,000. ... in cash, or 4,045,689 shares..." (which equals .62 per share)
He received payments of shares as follows: Feb - 837,757; Mar - 1,079,312; May - 935,053; June - 10,133; and July - 1,183,432; for a total of 4,045,687 shares. It should be noted that a "Chloris Flannery" who, like Mr. Jackson, also has an address in Osterville, MA received 100,000 shares (I don't have a copy of that agreement, so I don't know what it is claimed to be for.)
It is nice to know that these shares are NOT OT BE SOLD UNLESS THE CELEBRATION CITY DEAL CLOSES, and are TO BE RETURNED if the deal does not close within 2 years! Personally, I hope that these shares don't have to be returned - Celebration City for 20,000 unit sold would please me VERY MUCH!
Let's hope that this deal is as legit as it sounds and actually works out!!!
SEDONA John (Still hopeful in Paradise) |
