XXXXXXXX COMPUTERS/TIDALWAVE CORP.
0000 X.X. 00xx XXXXXX
XX. XXXXXXXXXX, XXXXXXX 00000
June 22, 1999
Citizens Title Services, Inc.
000 Xxxxxxxxxx Xx., #000
Xxxxx Xxxxxxx, Xxxxxxx 00000
RE: Purchase agreement between Xxxxxxxx
Computers/Tidalwave Corp.
And Citizens title Services, Inc.
Dear Xx. Xxxxxx X. Xxxx:
This letter confirms the purchase by the undersigned,
Xxxxxxxx Computers/Tidalwave Corp., or any designee thereof,
in either case, ("Purchaser") of four point nine (4.9%) of
the issued and outstanding stock ("the Stock") of Citizens
Title Services, Inc. ("Seller").
Purchaser purchases the Stock based on the following terms
and conditions:
* Purchaser shall tender a combination of its common
stock and/or common stock warrants to the shareholders of
the Seller equal in value to four point nine (4.9%) percent
of Sellers common stock in an amount equal to $297,717 and
based on the following formula. The purchase price $297,717
shall consist of common stock and/or common stock warrants
in an amount equal to one fourth (in contemplation of a 4 to
1 reverse split, if reverse split should not happen or a
reverse split of another denomination, stock will be
adjusted accordingly) of the purchase price divided by the
average daily trading price of the common stock of Purchaser
as it is quoted on the OTC Electronic Bulletin Board for the
thirty (30) trading day period to the closing date herein.
At the signing of this agreement the thirty (3) day average
daily trading price is $0.61. Seller shall receive $488,000
shares or warrants of Purchaser. Such shares shall be
"restricted" in accordance with Rule 144 or upon the
effectiveness of Purchasers registration statement. Mr.
Andy hereby agrees that upon such restriction being removed
from the share certificate, he shall not be able to sell
more than 100,000 shares per month.
Further, both parties agree to personally pay their own
legal, accounting and other related fees for this
transaction.
If the foregoing meets with your approval, please sign two
copies of this letter and return one to the undersigned.
Very truly yours,
Xxxxxxxx Computers/Tidalwave Corp.
By: /s/ Xxxx Xxxxx
-----------------------
Xxxx Xxxxx
President
ACCEPTED AND AGREED TO
this 22nd day of June, 1999
By: /s/ Xxxxxx X. Andy
------------------------
Xxxxxx X. Xxxx
President
XXXXXXXX COMPUTERS/TIDALWAVE CORP.
0000 X.X. 00xx XXXXXX
XX. XXXXXXXXXX, XXXXXXX 00000
October 27, 1999
Citizens Title Services, Inc.
000 Xxxxxxxxxx Xx., #000
Xxxxx Xxxxxxx, Xxxxxxx 00000
RE: Purchase agreement between Xxxxxxxx
Computers/Tidalwave Corp.
And Citizens title Services, Inc.
Dear Xx. Xxxxxx X. Andy:
This letter confirms the purchase by the undersigned,
Xxxxxxxx Computers/Tidalwave Corp., or any designee thereof,
in either case, ("Purchaser") of five point one (5.1%)
percent of the issued and outstanding stock ("the Stock") of
Citizens Title Services, Inc. ("Seller").
Purchaser purchases the Stock based on the following terms
and conditions:
* Purchaser shall tender a combination of its common
stock and/or common stock warrants to the shareholders of
the Seller equal in value to five point one (5.1%) percent
of Sellers common stock in an amount equal to $299,677 and
based on the following formula. The purchase price $299,677
shall consist of common stock and/or common stock warrants
and cash equal to the purchase price subtracting any cash
and then dividing by the average daily trading price of the
common stock of Purchaser as it is quoted on the National
Quotation Bureau LLC (NQB) "Pink Sheets" for the thirty
(30) trading day period to the closing date herein. At the
signing of this agreement the thirty (3) day average daily
trading price is $0.193. Seller shall receive $1,526,824
shares and/or warrants of Purchaser and $5,000.00 cash.
Such shares shall be "restricted" in accordance with Rule
144 or upon the effectiveness of Purchasers registration
statement. Mr. Andy hereby agrees that upon such
restriction being removed from the share certificate, he
shall not be able to sell more than 100,000 shares per
month.
Further, both parties agree to personally pay their own
legal, accounting and other related fees for this
transaction.
If the foregoing meets with your approval, please sign two
copies of this letter and return one to the undersigned.
Very truly yours,
Xxxxxxxx Computers/Tidalwave Corp.
By: /s/ Xxxx Xxxxx
--------------------------
Xxxx Xxxxx
President
ACCEPTED AND AGREED TO
this 29th day of October, 1999
By: /s/ Xxxxxx X. Andy
--------------------------
Xxxxxx X. Xxxx
President
XXXXXXXX COMPUTERS/TIDALWAVE CORP.
0000 X.X. 00xx XXXXXX
XX. XXXXXXXXXX, XXXXXXX 00000
January 5, 2000
Citizens Title Services, Inc.
000 Xxxxxxxxxx Xx., #000
Xxxxx Xxxxxxx, Xxxxxxx 00000
RE: Amendment to the October 27,1999 Purchase
agreement between Xxxxxxxx Computers/Tidalwave
Corp. and Citizens title Services, Inc.
Dear Mr. Andy:
This letter hereby confirms the amendment to the October 27,
1999 Purchase Agreement with respect to the $5,000 dollars
given to Citizens Title Services, Inc.
* In return for the $5,000 dollars Xxxxxxxx
Computers/Tidalwave Corp. agrees to tender to Citizens Title
Services, Inc. 25,907 shares of its common stock to the
shareholders of Citizens title Services, Inc. at the average
daily trading prices at the time of October 27, 1999
Purchase Agreement of $0.193.
If the foregoing meets with your approval, please sign two
copies of this letter and return one to the undersigned.
Very truly yours,
Xxxxxxxx Computers/Tidalwave Corp.
By: /s/ Xxxx Xxxxx
------------------------
Xxxx Xxxxx
President
ACCEPTED AND AGREED TO
this day of January, 2000
By: /s/ Xxxxxx X. Xxxx
-------------------------
Xxxxxx X. Andy
President
