EXHIBIT 10.6
STOCK AGREEMENT
Xxxx International Ltd. hereby agrees to issue to Xxxxxx Xxxx ("Recipient"),
Five Hundred Thousand (500,000) shares of Xxxx authorized unissued Preferred
stock in payment for services rendered and to be rendered to Xxxx International
during the period January 1, 1997 through December 31, 1998. Said stock shall
bear a restricted legend and shall be subject to S.E.C. Rule 144 of the Federal
Securities laws and to the following forfeiture terms and conditions: Recipient
must continue to be available to render services on a substantially full time
basis to Xxxx International Ltd. for a period of three years from the date of
issuance of said stock, or, except in the event of death or disaibility of
Recipient, all right and title to said stock shall be forfeited. This risk of
forfeiture shall attach to and become part of any transfer of said stock by
Recipient to a third party during the aforementioned three-year term.
Agreed to this 15th day of February 1998
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XXXX INTERNATIONAL LTD.
By: /s/ Xxxxxx Xxxx
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Xxxxxx Xxxx, Chairman & CEO
By: /s/ Xxxxxx Xxxx
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Xxxxxx Xxxx, Recipient
