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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: john greg who wrote (22714)	3/31/1999 2:44:00 AM
From: Ellen	Respond to of 44908

I understand this to mean that the answer to your question is no. No options, shares, etc. went to him. The entire document has already been posted here: Message 7870227 These paragraphs appear to be relevant to, and answer, your question: The Registrant's subsidiary, CCI, also entered into an Employment Agreement dated April 23, 1998 with the Seller's sole shareholder, Darrell W. Piercy, which would become effective upon closing of the acquisition. No acquisition, no employment agreement. ... Because the Seller was not able to provided audited financial statements, on February 2, 1999, the parties entered into a Termination Agreement which provided that each of the agreements described above would be terminated, unwound to the fullest extent possible, and deemed void. ... 1. TERM AND CONDITIONS OF TERMINATION. 1.1 Except as may be expressly set forth in this Agreement, each of the Asset Purchase Agreement, the Addendum, the Modification, the Employment Agreement, and the Management Agreement (collectively the "Operative Documents") are hereby terminated, and each shall be unwound to the fullest extent possible and shall be deemed void in their entirety. ... Page 1 of 5 1.2 Each party waives any claim to any payment, royalty, fee, compensation or other form of remuneration, as the case may be, pursuant to any of the Operative Documents. ... 12. ENTIRE AGREEMENT. This Agreement contains the entire agreement and understanding of the parties with respect to the entire subject matter hereof, and there are no representations, inducements, promises or agreements, oral or otherwise, not embodied herein. Any and all prior discussions, negotiations, commitments and understandings relating thereto are merged herein. There are no conditions precedent to the effectiveness of this Agreement other than as stated herein, and there are no related collateral agreements existing between the parties that are not referenced herein. Hope this is helpful. If this "no" answer is not correct, somebody please correct it!