AGREEMENT
This AGREEMENT dated as of March 13, 1998 is by and between Xxxxxxxxx X.
Xxxxxx XX ("Purchaser") and Litigation Economics, Inc. ("Seller").
1. Seller is the sole owner of all of the issued and outstanding stock ("the
Shares") of G.E.C., Inc. ("GEC"), an Idaho corporation.
2. Purchaser is the current President and Chief Executive Officer of Seller,
and is the principal manager and employee of GEC.
3. Seller desires to change its business focus and to enter into a
transaction through Empire Financial Investment LLC for a major business
acquisition.
4. Purchaser desires to continue the business of GEC, and to separate himself
from the management of the Company and its new business focus.
5. Purchaser hereby agrees to purchase from Seller, and Seller hereby agrees
to sell and transfer to Purchaser, the Shares.
6. Purchaser agrees to pay to Seller, and Seller acknowledges as fair and
reasonable, the total purchase price for the Shares of $130,000, comprised
of $10,000 in cash and $120,000 in shares of the Seller's common stock
currently owned by Purchaser.
7. Purchaser and Seller hereby agree that 1,200,000 shares of the Seller's
common stock are fully and fairly valued today at $120,000, and Seller
accepts this amount of shares and the remaining $120,000 of the purchase
price.
8. The parties make no warranties to one another and make no covenants to one
another other than as expressed in this Agreement.
9. Closing of this Agreement shall take place on March 13, 1998 at the
offices of Xxx Xxxxxxx & Xxxxxxx, legal counsel to the Seller, in Salt
Lake City, Utah, at the hour of 10:00 AM Mountain Time, at which time
Purchaser shall deliver the cash and stock to the Seller, and the Seller
will endorse and deliver all of the common stock of GEC to Purchaser.
/s/ Xxxxxxxxx X. Xxxxxx XX /s/ Xxxxxx X. Xxxxxx
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Xxxxxxxxx X. Xxxxxx XX, Litigation Economics, Inc. (Seller)
(Purchaser) By Xxxxxx X. Xxxxxx, Authorized Officer