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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Hunter Vann who wrote (3988)	6/20/1998 2:54:00 PM
From: bob	Respond to of 4736

Subject: Re: Funding Date: Sat, Jun 20, 1998 13:35 EDT From: <A HREF="aol://3548:Madd19">Madd19</A> Message-id: <1998062017350200.NAA24209@ladder03.news.aol.com> hear is a e mail i recived sat morn. DAVE Subj: Special Meeting Date: 6/20/98 10:30:08 AM Pacific Daylight Time From: Pasve To: Madd19 David, FYI. Have a great weekend, Paul As follows: June 19, 1998 By Facsimile and US Mail Michael E. Stamm, Chairman/ CEO/President North American Exploration Corporation 150 South 600 East Street, Suite 5-C Salt Lake City, UT 84102 Re: Shareholder Demand for Special Meeting Dear Mr. Stamm: As you are well aware, Tridon Enterprises Incorporated is the beneficial owner of more than 10% of the outstanding shares of North American Exploration Corporation (hereinafter the "Company" or "NAMX"). Therefore, pursuant to Section 2.2of ARTICLE II of the Amended and Restated By-Laws of NAMX, on behalf of shareholders representing more than 10% of the outstanding NAMX voting shares, I hereby demand that you call a special meeting of the Shareholders of NAMX to be held, pursuant to Section 2.3 of ARTICLE II, at the principal offices of the Company. Section 2.2 states: "Special meetings of the stockholders for any purpose or purposes ... shall be called by the President at the request of the holders of at least ten per cent (10%) of all of the outstanding shares of the Corporation's stock entitled to vote at the meeting." (Emphasis added). The purpose of the meeting is to remove the current board of directors and elect a new board to replace those board members who are removed. Pursuant to the same Section 2.2, you are required to state the purpose of the meeting in the notice to be sent to all share holders in the Company. Finally, you are reminded that Section 2.4 of ARTICLE II states that the notice of special meeting of shareholders "shall be delivered not less than ten (10) nor more than sixty (60days) before the date of the meeting. If you do not follow the foregoing request, I will take appropriate legal action to obtain a court order mandating that a special shareholder meeting be called to remove the NAMX Board of Directors. Please govern yourself accordingly. Very truly yours, --/s/-- Paul Ebeling Chairman & CEO cc: Michael E. Stamm, Chairman/CEO/President North American Exploration Corporation 12th Floor 411 University Street Seattle, Washington 98101 Fax 206-326-5469 Michael E. Stamm, Chairman/CEO/President North American Exploration Corporation c/o John F. Bates, Esq. Corporate Counsel/Secretary 455 South 300 East Street, Suite 200 Salt Lake City, UT 84111 Fax 801-539-8779 Fred S. Konigsberg, Esq 595 Market Street, Suite 2100 San Francisco, CA 94105 Warren J. Soloski, Esq. 11300 West Olympic Blvd., Suite 800 Los Angeles, CA 90064 File PE/fl