1
Xxxxxx Group, LLC
December 21, 1999
Page 1
Exhibit 99.9
December 21, 1999
Xx. Xxxxx X. Xxxxxxxxx
First Sterling Venture Corp.
Eight Greenway Plaza, Suite 000
Xxxxxxx, Xxxxx, 00000
Dear Xxxxx:
This letter will evidence the agreement between you ("Seller") and the
undersigned, XXXXXX GROUP, LLC ("Purchaser"), with respect to the sale by the
Seller to the Purchaser of all of Seller's right, title and interest in certain
Common Stock, Warrants and Options of Equalnet Communications Corp(OTC
BB:ENET.OB) or "Securities" currently held in your name.
Upon the terms set forth herein, the Seller hereby sells, transfers and
assigns the Securities to the Purchaser, without recourse or warranty of any
kind except as expressly set forth herein, and the Purchaser hereby purchases
and agrees to accept from the Seller, the Securities.
In consideration for the Securities being sold hereunder, Purchaser
contemporaneously with the execution of this agreement shall execute and deliver
to Seller Purchaser's Promissory Note in the original principal amount of
$150,000.00 dated December 21, 1999, payable as provided therein and shall
execute and deliver a certain Security Agreement pledging the Securities as
Collateral for Purchaser's Promissory Note.
Seller hereby represents and warrants to the Purchaser that Seller is
the owner of the Securities and has the right to sell, assign and transfer the
same. Each party agrees to execute such other documents as he may be reasonably
requested to execute by the other party after the date of this agreement to
carry out the purposes of this agreement.
2
Xxxxxx Group, LLC
December 21, 1999
Page 2
Purchaser is aware the Securities are restricted and subject to Rule
144 of the Security Code.
If the foregoing accurately reflects your understanding of our
agreements with respect to the matters to which it relates, please acknowledge
your acceptance and agreement below in the space provided.
Very truly yours,
/s/ XXXX X. XXXXXX
--------------------------------
Xxxx X. Xxxxxx, President
XXXXXX GROUP, LLC
ACCEPTED AND AGREED to
the 21st day of December, 1999:
/s/ XXXXX X. XXXXXXXX
-----------------------------
Xxxxx X. Xxxxxxxx
FIRST STERLING VENTURE CORP.
