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EXHIBIT 10.20
AGREEMENT
This agreement is made between United States Telecommunications, Inc. (Tel),
and Prime Equities Group, Inc. (Prime).
WHEREAS: Tel shall cause One Hundred Sixty-five (165,000) Thousand authorized
and/or issued Common Shares of Tel, a Florida Corporation to be issued to Prime
or its assign.
WHEREAS: Tel guarantees that Prime or its assign shall, at all times, have an
option to purchase addition Tel Shares at Five (5) cents per share in order to
avoid dilution with respect to the percentage of Tel that said One Hundred
Sixty-five (165,000) Thousand Shares represents.
WHEREAS: The Consideration for said purchase shall be One Hundred Sixty-Five
Thousand ($165,000) Dollars, paid to United States Telecommunications, Inc., by
or through Prime Equities Group, Inc.
FURTHER: Tel acknowledges that the Board of Directors have adopted a resolution
approving this agreement.
Facsimile signatures are deemed as original for the purpose of this document.
Agreed upon this 1st day of October, 1999.
/s/ Xxxxxxx Xxxxxxx 11/16/99 /s/ Xxxxxxx X. Xxxxx 10/1/99
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Xxxxxxx Xxxxxxx Date Prime Equities Group, Inc. Date
President
United States Telecommunications, Inc.
/s/ Xxxxx X. Xxxxx-Xxxxx 10/1/99
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Notary Date
prime_telagent.doc (NOTARY SEAL)
