EXHIBIT "A"
RECOGNITION OF SERVICES PREFORMED
AND RECEIPT OF PAYMENT THEREOF
DATED EFFECTIVE MAY 22, 1998
WHEREAS, Flexweight Corporation (the "Company") entered into a Financial
Consulting Agreement (the "Agreement") effective July 1, 1997 with Park Street
Investments, Inc. ("PSI"), attached hereto as exhibit "A"; and
WHEREAS, PSI has received 349,000 shares of the common stock of the
Company for services rendered under the Agreement; and
WHEREAS, PSI has a separate agreement for compensation with the
reorganization candidate described in Section 2(b) of the Agreement and
therefore releases the Company from any further compensation under the
Agreement; and
WHEREAS, Xxxxx Xxxxxxx, who was the President of the Company and signer
of the Agreement, hereby recognizes PSI's services under the Agreement as
valuable and preformed in full.
THEREFORE BE IT RESOLVED, that PSI recognizes payment in full under the
Agreement and that Xxxxx Xxxxxxx hereby recognizes PSI's services under the
Agreement as having been rendered in full.
IN WITNESS WHEREOF, the undersigned have executed this document to be
effective as the first dated written above.
Flexweight Corporation
/s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, Former President
Park Street Investments, Inc.
/s/ Xxx Xxxxx
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Xxx Xxxxx, President
