The Pillaging has Begun
ESVS Spreadeagled ... Let the Fun Begin
Today's Section 8 Filing by AMERICAN LINE INVESTMENTS LTD (a Hong Kong company) has some fun terms for Enhanced fans:
2. Term. The term of this Agreement shall be for five years ("Term"), commencing January 1, 1999. During the Term, Consultant agrees to make itself available from time to time to perform services, but shall not be required to devote more than five hours per week or twenty hours per month to providing services hereunder. On request, Consultant agrees to make itself available to the Company's subsidiary and affiliated corporations.
3. Compensation and Expenses. The Company will pay compensation to Consultant during the Term at the rate of $50,000 per month, without deduction. In addition, the Company shall issue to Consultant three hundred fifty thousand (456,500) shares of the common stock of the Company ("Common Shares").
During the Term, the Company shall pay all costs associated with the operation of Consultant's office in California, including rent, office telephone and facsimile, cellular and satellite phone service, furniture and equipment leases, overnight delivery charges, general office expenses, online connections and service fees, and the cost of administrative and secretarial assistants whose aggregate compensation shall not exceed $150,000 per year [All for 5 hrs per week, ESVS employees, take note!!]. Consultant will also be entitled to reimbursement of previously approved expenses monthly in arrears upon submission of receipts and expense vouchers to the Company. The Company agrees to provide first class airfare [what, no limo??] for trips on Company business which are in excess of one and one-half hours flying time.
[HPD: Not bad for 50 Grand per month PLUS $150,000 per year, PLUS all office expenses, PLUS 465,000 shares, PLUS all PAST expenses PLUS, PLUS, PLUS!!. And, oh by the way, the Agreement says that almost all the services have already been performed and that nothing much else is expected. Whooeee, they sure got good Internet advice (that's what the advice was about!!) so ESVS junkies, you got full value!!!]
AMERICAN LINE INVESTMENTS, LTD.
Accepted and agreed to:
By: /s/ (illegible)
-------------------------------
its [Pillager in Chief ?]
[HPD: who of course wouldn't write legibly would he. Maybe Party could recognize the signature. Same as the one at Googies, Party? Hey, that expense will appear here, cause, hey, THAT was a consultation on the Internet, wasn't it?]
Enhanced Services Company Inc
By; /s/ Justin Walker
............................
HPD: I can't wait to see the other two section 8's. Can there be anything left to pillage?? |
