Exhibit 21.5
AGREEMENT
THIS AGREEMENT made this 25 day of November, 2002, by and between
Choice Waste System Holdings, Inc., a Florida corporation in good standing,
hereinafter referred to as "Choice", and Choice Sanitary Services of Florida,
Inc., a Florida corporation in good standing, Xxxxxx X. Xxxxxx, Xxxx X. Xxxxxx,
Xxxxx X. Xxxxxx and Xxxx X. Xxxxx, hereinafter collectively referred to as
"Xxxxxx", for and in consideration of the mutual covenants contained herein and
the sum of Ten ($10.00) dollars, receipt of which is acknowledged:
1. Xxxxxx'x interest in Choice Sanitary Services of Florida, Inc., has a
collective value of $70,000.00.
2. Choice shall issue shares of stock to Xxxxxx at the rate of $2.25
per share in order to repay Xxxxxx the $70,000.00 worth of value owned by Xxxxxx
in Choice Sanitary Services of Florida, Inc.
3. Xxxxxx'x shares of stock shall be divided between Xxxxxx: 10% to Xxxxx A-
Xxxxxx, then 5% to Xxxxxx X. Xxxxxx, 5% to Xxxx X. Xxxxxx and 5% to Xxxx X.
Xxxxx.
4. The purpose of this Agreement is to provide for an appropriate
equalization and recognition of value of the capital investment held by Xxxxxx
in Choice Sanitary Services of Florida, Inc.
5. This Agreement shall augment
that certain Stock Purchase Agreement entered into by and between Xxxxxx and
Choice dated 11/19/02 , such that Xxxxxx will be receiving a share for share
trade of the stock in Choice Sanitary Services of Florida, Inc., for Choice and
Xxxxxx will receive additional stock from Choice representing the value of their
investment in Choice Sanitary Services of Florida, Inc.
6. The issuance of stock shall be simultaneous with execution of this Agreement.
7. The foregoing terms and conditions constitute the entire Agreement by and
between the parties hereto. Any representations not contained herein shall be of
no force or effect and shall be null and void.
WHEREFORE, the parties hereto have hereunder set
forth their hand and seals on the day and date first above-written.
Choice Sanitary Services of Florida, Inc. Choice Waste System Holdings, Inc.
BY: /s/ Will Xxxxxxx BY: /s/ Will Xxxxxxx
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Will Xxxxxxx Will Xxxxxxx
President President
/s/ Xxxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx Xxxxxx X. Xxxxxx
/s/ Xxxx X. Xxxxx /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxx Xxxx X. Xxxxxx
