AMERICAN CAPITAL HOLDINGS (Letterhead)
00 Xxxx Xxxxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000-2320
000.000.0000 Telephone
407.650.5253 Facsimile
December 30, 2003
Xx. Xxxxxx Xxxxx, Managing Director
Xxxxxxxxx Ventures, LLC
0000 Xxxx Xxxxxx
Xxxxxxxxxxxxx, XX 00000
Re: American Capital Holdings, Inc.
Xxxxxxxxx Ventures, LLC Asset Acquisition
Dear Xxx:
The purpose of this letter is to confirm the Stock Acquisition Agreement
between American Capital Holdings, Inc. and Xxxxxxxxx Ventures, LLC
("Xxxxxxxxx"), which sets forth the asset purchase agreement of Two Million
Ninety Three Three Hundred Fifty One (2,093,351) common shares of American
Capital Holdings, Inc. for 100% of the total assets of Xxxxxxxxx Ventures,
LLC, which include Xxxxxxxxx'x ownership of the following companies.
1. SmartPill Diagnostics, Inc. 1,194,824 Series A Preferred Shares
2. Brilliant Coatings, Inc. 250,000 Common Shares
3. @dvisory LLC 250,000 Series A Preferred Shares
4. eSmokes, Inc. 300,000 Common Shares
5. Efficient, Inc. 240,000 Series A Preferred Shares
6. IS Direct 140,000 Common Shares
7. Solid Imaging, LTD $25,000 Convertible Note
8. Century Aerospace Corporation 57,000 Series B Preferred Shares
9. Traffic Engines/AMNW 250,000 Common Shares
10. Metro Flex, Inc. 900,000 Common & Series A Preferred Shares
Also, enclosed herewith, please find the Xxxxxxxxx Shareholder Schedule
listing each individual shareholder and the respective share amounts of
American Capital Holdings, Inc. to be issued to each shareholder. If this
agreement and enclosed exhibits comports to our accord, please sign in the
spaces provided below and on the aforementioned appended shareholder schedule
and return via facsimile to my direct facsimile @ 561.776.0391.
Agreed: /s/ Xxxxxx X. Xxxxxxxx 12/30/03
_________________________________________
American Capital Holdings, Inc Date
Xxxxxx X. Xxxxxxxx, Chairman
Agreed: /s/ Xxxxxx Xxxxx 12/30/03
__________________________________________
Xxxxxxxxx Ventures, LLC Date
Xxxxxx Xxxxx, Managing Director
