Annual Report — Small Business — Form 10-KSB
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10KSB Form 10-Ksb 06/30/04 37 172K
2: EX-10.5 Letter Agreement Dated September 15, 2004... 2 9K
3: EX-31.1 Certification of CEO 2± 9K
4: EX-31.2 Certification of CFO 2± 9K
5: EX-32.1 Certification of CEO 1 7K
6: EX-32.2 Certification of CFO 1 7K
EX-10.5 — Letter Agreement Dated September 15, 2004...
EX-10.5 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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EXHIBIT 10.5
September 15, 2004
Mr. Kevin Romney
21st Century Technologies, Inc.
2700 West Sahara Avenue, Suite 440
Las Vegas, NV 8910
Dear Mr. Romney:
In consideration of 21 Century Technologies' (hereinafter referred to as TFCT)
advancing maintenance and development monies to Jane Bute! Corporation
(hereinafter referred to as the Corporation), the Corporation agrees to the
following:
1. No new issuance of shares, warrants or options will be issued by the
corporation for a period of one year unless approved in writing by TFCT.
TFCT hereby agrees that permission will not be unreasonably withheld and
that TFCT will respond to each request in writing within four (4) business
days in order that the Corporation can further advance the Corporation
through filing an SB-2 with the Securities and Exchange Commission and
issuing shares through such filing.
Penalties: In the event that the Corporation issues shares without
prior authorization,
a. All warrants due to TFCT will be due and payable immediately
In cash, equal to the conversion rate associated with the
warrants.
b.. All notes outstanding to TFCT or its affiliates will be
immediately due and payable.
2. Additional warrants will be issued to TFCT for funds advanced under this
letter of agreement and any other agreements to be signed between the
Corporation and TFCT. It is understood that all funds will be advanced to
the Corporation at the sole discretion of TFCT.
3. Warrants under this letter will carry the same rights, terms and provisions
as provided in the original warrant agreement except for the conversion
which will be based on the original formula multiplied by four (4) versus
three (3) conversion as specified in the original warrant agreement.
Warrants will be convertible and will have a three-year expiration from the
date of due Issuance.
4. The Corporation agrees to amend the original warrant agreement to reflect
an expiration of three years from the date of due issuance.
5. All monies advanced to the Corporation will be at the sole discretion of
TFCT. The Corporation warrants that the monies received under this the
terms of this letter and agreement will be used in the best interest of the
business in order that it may go forward.
6. The Corporation agrees to sign any and all documents necessary to affect
this transaction.
Agreed and accepted this 15th day of September 2004.
By: s/KEVIN ROMNEY
______________
Kevin Romney, CEO, 21st Century Technologies
Agreed and accepted this 15th day of September 2004.
By: s/ JANE BUTEL
_____________
Jane Butel, CEO, Jane Butel Corporation
Dates Referenced Herein
| Referenced-On Page |
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This ‘10KSB’ Filing | | Date | | First | | Last | | | Other Filings |
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Filed on: | | 9/27/04 | | | | | | | None on these Dates |
| | 9/15/04 | | 1 |
For Period End: | | 6/30/04 |
| List all Filings |
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