1
AGREEMENT
1. Date of Agreement. The date of this Agreement is the
29th day of February, 1996.
2. Parties.
2.1 SEAHAWK CAPITAL CORPORATION (the
"Corporation"), 0000 Xxxxx Xxxxxxx Xxxxx, Xxxxx 0X, Xxxxxx Xxxx, Xxx Xxxxxx,
00000; and
2.2 XXXXXXXX XXXXXXX ("Lassers"), 0000 Xxxxx
Xxxxxxx Xxxxx, Xxxxx 0X, Xxxxxx Xxxx, Xxx Xxxxxx, 00000.
3. Termination of Warrant. In consideration of the
termination by Lassers of the warrant dated May 2, 1995 held by Xxxxxxxx
Xxxxxxx to purchase 70,000,000 shares of the Corporation at an exercise price
of $.01 per share, the Corporation hereby agrees to issue, and Xxxxxxxx Xxxxxxx
hereby agrees to accept, 11,000,000 shares of the fully paid, non-assessable
common stock of the Corporation, such shares to be restricted stock as such
term is defined under the Securities Act of 1933, as amended, such shares to be
issued as of the date of this Agreement.
SEAHAWK CAPITAL CORPORATION
By: /s/ Xxxxxxxxx X. Xxxxx
--------------------------------
Xxxxxxxxx X. Xxxxx, Secretary,
Director
/s/ Xxxxxxxx X. Xxxxxxx
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Xxxxxxxx Xxxxxxx
