INTERNATIONAL RESORT PROPERTIES CORP.
0000 Xxxxxxxx Xxx
Xxxxx Xxxxxxxxx, X.X.
December 26, 1998
Honor One Corporation
#000 - 0000 X. Xxxxxxxx Xxxxxx
Xxxxxxxxx, X.X.
Dear Sirs:
Re: Corporate Matters
This letter will confirm our agreement that International Resort Propeties
Corp. (herein "Int. Resort") will provide the following services to Honor One
Corporation:
* preparation of all corporate documentation, such as Directors
Resolutions; consents and resignations of directors and officers;
amendments to Articles and By-Laws and maintenance of all
corporate records;
* preparation of Special Meeting Consent Circular and proxy with
respect to anticipated name changes;
* all documentation necessary to obtain Cusip numbers and trading
symbol once the name change has been effected;
* First draft of the Form 10 so that Honor One Corporaton can become
fully reporting;
* All documentation to establish a Transfer Agent;
* Co-ordination of all legal matters;
* Co-ordination of the 1998 audit and maintenance of all financial
records respecting an audit to January 15, 1999;
* All other matters as may become necessary in the reactivation of
the Company.
The fee for all above noted services will be the issuance of ONE HUNDRED
THOUSAND (100,000) Rule 701 shares of USD $50,000. With all due consideration
as the company currently does not have the funds to pay for the aforementioned
services I would ask that you forthwith issue the 100,000 shares to Int.
Resorts as per the agreement.
If this correctly reflects our agreement please execute in the space provided
below.
Yours very truly,
INTERNATIONAL RESORT PROPERTIES CORP.
Per:
/s/ Xxxxxxxxx Xxxxxxxx
Corp. Secretary
The above terms are hereby agreed to this 28th day of December, 1998.
/s/ Xxxxxx Xxxxxxxx
President and Director
