EXHIBIT 6.12
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Hold Back Agreement
THIS AGREEMENT is made this 1 day of October, 2001, between NOVACORP, L.L.C.
("Nova") with its principal office at 000 X. Xxxxx Xxxxxx, Xx. Xxxxxxx, XX
00000, Condor Investment Trust ("Condor") with its principal office at
Xxxxx-Tower Plaza 000 Xxxxxxxx Xx., Xxxxxxxxxx, XX 00000 and RED OAK FINANCIAL
CORP. ("Red Oak") with its principal office at 000 Xxxxxxxx Xxxx, Xxxxx 000,
Xxxxxxxxxx, XX 00000 (hereinafter collectively referred to as "Consultants"),
and EASY MONEY HOLDING CORPORATION (or any derivative company) with its
principal address at 0000 Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxx Xxxxx, Xxxxxxxx
(hereinafter referred to as the "Company") hereafter agree as follows:
(1) In exchange for 4% of the outstanding Shares of the Company (2%) each), Red
Oak and Condor agree to perform certain financial services for the Company in
connection with it becoming a publicly traded company. In connection with the
Registration Statement, Red Oak and Condor agree not to sell 25% of their
respective Shares until the expiration of six (6) months after the effective
date of the Registration Statement and agree not to sell the remaining 50% of
its Shares until nine (9) months after the effective date of the Registration
Statement.
(2) In exchange for 2% of the fully diluted outstanding Shares of the company
and $12,000 in cash, Nova agrees to perform certain financial services for the
Company in connection with it becoming a publicly traded company. In connection
with this Registration Statement, Novacorp agrees not to sell the Shares for a
period of one (1) year after the effective date of this Registration Statement.
In witness whereof, the parties hereto have caused this Agreement to be executed
and delivered as of the date first written above.
To the Company:
Xxxxx Xxxxxxxxx, President
Easy Money Holding Corporation
0000 Xxxxxxxxx Xxxx, Xxxxx 0
Xxxxxxxx Xxxxx, XX 00000
To the Consultants:
Xxxxx Xxxxxxxx
Novacorp, LLC
000 X. Xxxxx Xxxxxx, Xxxxx 000
Xx. Xxxxxxx, XX 00000
Xxxx Xxxxx
Condor Investment Trust
Xxxxx-Tower Plaza
000 Xxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Xxxxxxx Xxxxx
Red Oak Financial Corp.
000 Xxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and delivered as of the date first written above.
COMPANY: EASY MONEY HOLDING CORPORATION
By: /s/ Xxxxx Xxxxxxxxx, President
CONSULTANTS: NOVACORP, LLC
By: /s/ Xxxxx Xxxxxxxx
--------------------------------
(Its duly authorized officer)
Xxxxx Xxxxxxxx, Managing Director
------------------------------------
(Printed name and title)
CONDOR INVESTMENT TRUST
By: /s/ Xxxx Xxxxx
------------------------------------
(Its duly authorized officer)
Xxxx Xxxxx, President
------------------------------------
(Printed name and title)
RED OAK FINANCIAL CORP.
By: /s/ Xxxxxxx Xxxxx
--------------------------------
(Its duly authorized officer)
Xxxxxxx Xxxxx, President
------------------------------------
(Printed name and title)
