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Exhibit 10.18
AGREEMENT
This agreement is made between United States Telecommunications, Inc. (Tel) and
Xxxxxx Xxxxxxx (Xxxxxxx).
The Parties herein agree to the terms set forth below.
WHEREAS: Tel shall pay Xxxxxxx or his assign, One Thousand ($1,000) Dollars per
month for a period of Six (6) months.
WHEREAS: Tel shall pay/repay Xxxxxxx One Hundred Fifty Thousand ($150,000)
Dollars plus ten (10) percent annum interest, no later than September 10,
1999.
WHEREAS: Xxxxxxx shall cause One Hundred Fifty ($150,000) Thousand Dollars to be
paid into United States Telecommunications, Inc.
WHEREAS: Tel shall, within ten (10) working days of the receipt of the
aforementioned One Hundred Fifty Thousand ($150,000) Dollars, issue Four Hundred
Thousand (400,000) Common Shares of stock in United States Telecommunications,
Inc. to Xxxxxxx or his assign.
WHEREAS: The Parties to this Agreement agree that, Xxxxxxx shall have the
option to take payment of the aforementioned One Hundred Fifty Thousand
($150,000) Dollars, or any part thereof in common shares of Tel at a price of
Fifty (.50) Cents per share.
WHEREAS: FACSIMILE SIGNATURES ARE DEEMED AS ORIGINAL FOR THE PURPOSE OF THIS
DOCUMENT.
Agreed to this 2nd Day of February, 1999
/s/ Xxxxxx Xxxxxxx 2-1-99
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Xxxxxx Xxxxx Date Xxxxxx Xxxxxxx Date
Vice President
United States Telecommunications, Inc.
/s/ Xxxxxxx Xxxxxxx 2-1-99
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Xxxxxxx Xxxxxxx Date
President
Authorized Officer of
United States Telecommunications, Inc.
