To: s martin who wrote (42789 ) 2/26/1998 11:21:00 PM From: TideGlider Respond to of 55532
This covers the 6.6 for the RMCW with 6 mil to be issued later. Then there is the matter on the previous OVIS stock 3.1, plus a planned 2.5 mil for the 5 mil equity capital. It is all moot as the agreement was contingent upon the money. If the money is there and the agreement renewed, the plans should remain the same. Here is part, I suggest you read all the agreement sections of the 8-K last issued. Section 1 Reorganization -------------- 1.1 Exchange of Shares. The Stockholders agree to transfer to Olympus at the close of escrow, 100% of the outstanding shares, and any subscriptions to purchase shares, of RMCW listed in Exhibit A hereto and incorporated herein by this reference (the "RMCW Shares") in exchange for 6,684,750 Rule 144 "restricted" shares of common stock of Olympus (the "Olympus Shares") to be issued to the Stockholders on a pro rata basis. 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"). 9 (It should be necessary to see an agreement and of course the principles of the agreement prior to determining the amounts issued in total.) TG