Exhibit 6(d)
AGREEMENT
THIS AGREEMENT made the 12th day of February, 1999.
BETWEEN
POWERTECH, INC., a Nevada corporation with an office at 0000
X. Xxxxxx Xxxxx, Xxxxxx, Xxxxxxx, X.X.X. 00000
("Powertech")
AND:
XXXXX XXXXXXX, businessman, of 000 Xxxx Xxxxxx, Xxxxxxxx,
Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
("Voldeng")
AND:
XXXXXX XXXX, businessman, of 00000 00xx Xxxxxx, Xxxxxxxx,
Xxxxxxx, Xxxxxx, X0X 0X0
("Ruiu")
AND:
XXX PARA, businessman, of #105 - 3065 Primrose Land,
Coquitlam, British Columbia
("Para")
WHEREAS:
A. Powertech, Voldeng and Ruiu have entered into a Share Purchase Agreement
dated as of January 11, 1999 as amended by an Amending Agreement dated as of
January 29, 1999 (the "Share Purchase Agreement").
B. Pursuant to the Share Purchase Agreement, Voldeng and Ruiu will be selling
all of their shares in NETSentry Technology Inc. ("NETSentry") to Powertech.
C. Under the terms of the Share Purchase Agreement, Powertech is required to
have not less than $1,012,500 in its account.
D. As of the Closing Date (as defined in the Share Purchase Agreement),
Powertech has only $895,000 in its account.
E. Para has loaned to NETSentry the sum of CAD $200,000 (the "Loan").
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F. The parties have reached certain agreements with respect to the shortfall in
the amount of funds Powertech has in its account.
NOW THEREFORE THIS AGREEMENT WITNESSES THAT for good and valuable consideration
(the receipt and sufficiency of which is acknowledged by each party) the parties
have agreed as follows:
1. Powertech will raise an additional $117,500 (the "Funds") and have the
Funds in its account on or before February 26, 1999. The Funds will be
free and clear of all Liens (as defined in the Share Purchase
Agreement).
2. If Powertech is unable to raise the Funds on or before February 26,
1999, Para will immediately forgive the Loan and neither NETSentry nor
Powertech will have any further obligations or liabilities to Para with
respect to the Loan.
3. If Powertech raises the sum of $117,500 on or before February 26, 1999,
Powertech will issue to Para 108,000 common shares of its capital and
thereafter Para will forgive the Loan and neither NETSentry nor
Powertech will have any further obligations or liabilities to Para with
respect to the Loan.
IN WITNESS WHEREOF the parties hereto have executed this Agreement on the date
and year first above written.
POWERTECH, INC.
Per: /s/ [ILLEGIBLE]
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Authorized Signatory
SIGNED, SEALED AND DELIVERED by XXXXX XXXXXXX in )
the presence of: )
)
)
/s/ XXXXXX X. XxXXXX ) /s/ XXXXX XXXXXXX (seal)
----------------------------------------------------- ) ------------------------------------------------
Name ) XXXXX XXXXXXX
XXXXXX X. XxXXXX )
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Address )
BARRISTER & SOLICITOR )
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)
BULL, HOUSSER & XXXXXX )
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)
3000, 0000 XXXX XXXXXXX XXXXXX )
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)
XXXXXXXXX, XX X0X 0X0 )
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)
PHONE 000-0000 )
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)
)
----------------------------------------------------- )
Occupation )
)
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SIGNED, SEALED AND DELIVERED by XXXXXX XXXX in the )
presence of: )
)
)
/s/ XXXXXX X. XxXXXX ) /s/ XXXXXX XXXX (seal)
----------------------------------------------------- ) ------------------------------------------------
Name ) XXXXXX XXXX
XXXXXX X. XxXXXX )
----------------------------------------------------- )
Address )
BARRISTER & SOLICITOR )
----------------------------------------------------- )
)
BULL, HOUSSER & XXXXXX )
----------------------------------------------------- )
)
3000, 0000 XXXX XXXXXXX XXXXXX )
----------------------------------------------------- )
)
XXXXXXXXX, XX X0X 0X0 )
----------------------------------------------------- )
)
PHONE 000-0000 )
----------------------------------------------------- )
)
)
----------------------------------------------------- )
Occupation )
)
SIGNED, SEALED AND DELIVERED by XXX PARA in the )
presence of: )
)
)
/s/ XXXXXX X. XxXXXX ) /s/ XXX PARA (seal)
----------------------------------------------------- ------------------------------------------------
Name ) XXX PARA
XXXXXX X. XxXXXX )
----------------------------------------------------- )
Address )
BARRISTER & SOLICITOR )
----------------------------------------------------- )
)
BULL, HOUSSER & XXXXXX )
----------------------------------------------------- )
)
3000, 0000 XXXX XXXXXXX XXXXXX )
----------------------------------------------------- )
)
XXXXXXXXX, XX X0X 0X0 )
----------------------------------------------------- )
)
PHONE 000-0000 )
----------------------------------------------------- )
)
)
----------------------------------------------------- )
Occupation )
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