LETTER OF INTENT
November 14, 2001
RE: PURCHASE OF ALL ISSUED AND OUTSTANDING SHARES OF INTERNETLOTO, INC.
(A PRIVATE CALIFORNIA CORPORATION) BY RIMPAC RESOURCES LTD. (A NEVADA
CORPORATION)
The parties have agreed to the following:
1. Rimpac Resources Ltd., has 8.55 million shares issued and outstanding
and is listed on the OTC BB NASD.
2. InternetLOTO, Inc. is a private California Corporation with 8 million
shares issued.
3. Rimpac Resources, Ltd. will acquire all the shares of issued and
outstanding in InternetLOTO, Inc. for a total of 11.45 million shares
of 144 stock, one year hold stock.
4. Rimpac Resources will then have 20 million shares issued and
outstanding.
5. InternetLOTO, Inc. will then become a division of Rimpac Resources Ltd.
6. InternetLOTO, Inc. shareholders will have the right to appoint a new
board of directors and a new president to Rimpac.
7. InternetLOTO, Inc. will conduct business according to its business plan
and offering memorandum. All directors will have a fiduciary
responsibility to fulfill the direction of the business plan.
Date: November 14, 2001
By:
Rimpac Resources, Ltd. InternetLOTO, Inc.
/s/ XXXXXXX XXXXXX /s/ XXXXXX XXXXXXX
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Xxxxxxx Xxxxxx, President Xxxxxx Xxxxxxx, President & CEO
