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Microcap & Penny Stocks : Restaurant Teams International, Inc.-RTIN -- Ignore unavailable to you. Want to Upgrade?

To: E'Lane who wrote (3234)	9/12/2000 9:57:33 AM
From: KZAP	Read Replies (2) \| Respond to of 3351

E'Lane, I'm not sure of all the legal aspects, but I think if we're going to pay for the legal services, we should be taken care of. Here's part of my proposal...... If we send in money for the legal fund, we need to see a agreement like this: (or something similar) RTIN LEGAL FUND September 11th 2000 RTIN, the Company (Restaurant Teams International Inc.) hereby agrees to compensate shareholders, specifically in response to establishing a Discretionary Legal Fund to be utilized by the Law Firm of Brill & Johnson solely for the purpose of RTIN and it’s current legal issues. These funds are not to be construed as a retainer or obligating RTIN’s attorneys in any way to the contributor. All monies sent are for the sole purpose of the representation of RTIN in their current legal issues. All funds are to be sent by Federal Express (our account number 1627-2127-5) to the Law Firm of Brill & Johnson located at 1600 Smith Street, 40th Floor, Houston, Texas 77002 (713-237-1234). The compensation is as follows: 1.) Principal cash contribution will be returned in full within 12 months. With 1% interest to be paid for every 30 day period beginning at the date agreement is executed. If for any reason all cash is not returned, the balance will be converted into stock at the then current market value plus 20%. 2.) Warrants will be issued as follows: a) For every dollar contributed, 4 warrants will be issued. Each warrant can be exercised at any time in the next 24 months. 2 warrants will have a exercise price of 0.25, and 2 warrants will have a exercise price of 0.50 b) Warrants expire 24 months from date of issue. c) Warrants are unrestricted, and can be freely traded on the OTCBB under RTIN. Maybe even more details should be put into the shareholders agreement. Like: The warrants are exercised by signing the back side of the certificate under FORM OF EXERCISE using the certificate name or assigned name. The signatures must be accompanied with a medallion signature guarantee. The signed certificate and check should be sent to Restaurant Teams International Inc. at the following address: Please endorse the check: Restaurant Teams International Inc. Upon receipt of the check and signed Warrant Certificate, RTIN will forward the certificate and instructions to the transfer agent for processing. Investors will receive stock certificates within 5 to 7 days thereafter. Something like that. What do you think? KZAP