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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: DesertRat1 who wrote (12675)	6/2/1999 1:30:00 PM
From: De Peepster	Read Replies (1) \| Respond to of 15313

Dear Drat & All, Some folks were asking about the deal Joey T. has gotten in the chat room last night, from the filing edited for ease for more detailed info refer to the filing: 1. Period of Engagement. The Company shall engage Theismann one (1) year. The Term may be extended by one (1) additional year with the same compensation package in year two. 2. Duties and Responsibilities. During the Term of this Agreement, Theismann shall be engaged by the Company as a spokesperson. (a) Question and Answer Session. Theismann agrees to participate in six (6) question and answer sessions on the Company's chat room during the Term at intervals of not more than once per week. Theismann will answer questions by talking via telephone to a representative of the Company who will then put Theismann's comments on the Internet. Each session shall be a maximum of thirty (30) minutes in duration. (b) Trade Show. Theismann agrees to appear at one (I) trade show in the United States as selected by the Company during the Term to sign autographs and answer questions regarding Financial Intranet. (c) Video Production. Theismann agrees to devote a maximum of eight (8) hours on a single day for the production of video tapes and audio tapes. The Company shall have the right, at its discretion, to distribute and reproduce such tapes and audio tapes over the Internet during the Term of this Agreement only. 3. Compensation. a) As compensation for services rendered hereunder and in consideration of this Agreement, the Company shall (i) pay Theismann a fee of $7,500.00 payable upon execution of this Agreement, (ii) issue to Theismann warrants to purchase 100,000 shares of the Company's common stock at an exercise price of Seventy Five Cents ($0.75) per share for twelve (12) months from the date of this Agreement, such warrants to vest on the first day of each month at a rate of 8,333 shares per month for the first eight months and 8,334 per month for the last four months of the Term, and these warrants shall be exercisable for eighteen (18) months from the date of grant...,and (iii) issue to Theismann warrants to purchase an additional 50,000 shares of the Company's common stock at an exercise price equal to twenty percent (20%) below the closing bid price of the Company's common stock as listed on Bloomberg Systems on the day of the Production of video tapes and audio tapes under Section 2 above, which warrants vest on the day of production.