PROGRESSIVE TELECOMMUNICATIONS CORPORATION
000 Xxxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
November 10, 1999
Xxxxxx & Xxxxxxxxx LLP
000 Xxxxxxx Xxxxxx, Xxxxx 000
Xxxxxx Xxxx, XX 00000
Gentlemen:
As compensation for legal consulting services rendered by you as reflected
in your statement dated November 10, 1999, we confirm our agreement to issue
to you an aggregate of 20,000 shares of Progressive Telecommunications
Corporation (the "Company")common stock, $.001 par value, as follows:
Xxxx X. Xxxxxxxxx 10,000
Xxxxxxx X. Xxxxxx 10,000.
These shares will be issued upon the effective date of a Form S-8
Registration Statement and the delivery of the documents to you which
constitute the S-8 Prospectus, which the Company agrees to complete with
your assistance, free and clear of any restrictions on sale by you. We also
confirm that the board of directors of the Company have duly approved the
issuance of shares to you. Please confirm that this correctly sets forth
our understanding relating to the settlement of compensation due to you for
extra copy of this letter and returning it to us.
PROGRESSIVE TELECOMMUNICATION CORPORATION
BY: /s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx, CEO
Accepted:
/s/ Xxxxxxx X. Xxxxxx /s/ Xxxx X. Xxxxxxxxx
Xxxxxxx X. Xxxxx Xxxx X. Xxxxxxxxx
