Exhibit 10.1
CROSS RECEIPT
In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of August 6, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Partners, LLC (the "Buyer") and the
other purchasers named therein, the Company and the Buyer acknowledge as
follows:
1. The Buyer hereby acknowledges receipt from the Company of a
Convertible Debenture in the aggregate principal amount of Forty Thousand
Dollars ($40,000) and Warrants to purchase 40,000 shares of the Company's Common
Stock.
2. The Company hereby acknowledges receipt from the Buyer, by wire
transfer of immediately available funds, the sum of Forty Thousand Dollars
($40,000), said funds having been transferred to the company's account in
accordance with the company's written instructions.
IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt
this 6th day of August, 2004.
AQUATIC CELLULOSE INTERNATIONAL CORP. AJW PARTNERS, LLC
By: SMS Group, LLC
By:/s/ Xxxxxxxx Xxxxxxxxx By:/s/ Xxxxx X. Xxxxxxxx
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Xxxxxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxx
President and Chief Executive Officer Manager
CROSS RECEIPT
In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of August 6, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Offshore, Ltd. (the "Buyer") and the
other purchasers named therein, the Company and the Buyer acknowledge as
follows:
1. The Buyer hereby acknowledges receipt from the Company of a
Convertible Debenture in the aggregate principal amount of Ninety-Two Thousand
Five Hundred Dollars ($92,500) and Warrants to purchase 92,500 shares of the
Company's Common Stock.
2. The Company hereby acknowledges receipt from the Buyer by wire
transfer of immediately available funds, the sum of Ninety-Two Thousand Five
Hundred Dollars ($92,500), said funds having been transferred to the Company's
account in accordance with the Company's written instructions.
IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt
this 6th day of August, 2004.
AQUATIC CELLULOSE INTERNATIONAL CORP. AJW OFFSHORE, LTD.
By: First Street Manager II, LLC
By: /S/ XXXXXXXX XXXXXXXXX By:/s/ Xxxxx X. Xxxxxxxx
------------------------------------- -------------------------
Xxxxxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxx
President and Chief Executive Officer Manager
CROSS RECEIPT
In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of August 6, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Qualified Partners, LLC (the "Buyer")
and the other purchasers named therein, the Company and the Buyer acknowledge as
follows:
1. The Buyer hereby acknowledges receipt from the Company of a
Convertible Debenture in the aggregate principal amount of One Hundred Ten
Thousand Dollars ($110,000) and Warrants to purchase 110,000 shares of the
Company's Common Stock.
2. The Company hereby acknowledges receipt from the Buyer by wire
transfer of immediately available funds, the sum of One Hundred Ten Thousand
Dollars ($110,000), said funds having been transferred to the Company's account
in accordance with the Company's written instructions.
IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt
this 6th day of August, 2004.
AQUATIC CELLULOSE INTERNATIONAL CORP. AJW QUALIFIED PARTNERS, LLC
By: AJW Manager, LLC
By:/s/ Xxxxxxxx Xxxxxxxxx By:/s/ Xxxxx X. Xxxxxxxx
------------------------------------- -------------------------
Xxxxxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxx
President and Chief Executive Officer Manager
CROSS RECEIPT
In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of August 6, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Qualified Partners, LLC (the "Buyer")
and the other purchasers named therein, the Company and the Buyer acknowledge as
follows:
1. The Buyer hereby acknowledges receipt from the Company of a
Convertible Debenture in the aggregate principal amount of Seven Thousand Five
Hundred Dollars ($7,500) and Warrants to purchase 7,500 shares of the Company's
Common Stock.
2. The Company hereby acknowledges receipt from the Buyer by wire
transfer of immediately available funds, the sum of Seven Thousand Five Hundred
Dollars ($7,500), said funds having been transferred to the Company's account in
accordance with the Company's written instructions.
IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt
this 6th day of August, 2004.
AQUATIC CELLULOSE INTERNATIONAL CORP. NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: First Street Manager II, LLC
By: /s/ Xxxxxxxx Xxxxxxxxx By:/s/ Xxxxx X. Xxxxxxxx
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Xxxxxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxx
President and Chief Executive Officer Manager
