1-The: COMMERCIAL BANK OF KUWAITTelesource International Inc • April 16th, 2002 • General bldg contractors - residential bldgs
Both being fully eligible to agree and enter into contract agreed as follows: Item 1: Description of Facilities & Limits The Bank hereby agrees to offer accommodation and banking facilities to the Customer unto the limit of USD $25,000,000.00 $ TWENTY FIVE MILLION ) and an amount of — for foreign exchange trading( ________________________ ) on his Account No. _______ with ______________________________ Branch and __________________________________________________________________________ subject to the conditions stated below: Types of Facilities
ContractTelesource International Inc • April 16th, 2002 • General bldg contractors - residential bldgs
EXHIBIT 10.23 ___________, 2002 (the “Effective Date”) WARRANT TO PURCHASE 1,000,000 SHARES OF THE COMMON STOCK OF TELESOURCE INTERNATIONAL, INC. In consideration for a Letter of Credit for the value of six million and five hundred thousand dollars to be established by Sayed Hamid Behbehani & Sons Co.(SHBC) on behalf of Telesource, with said Letter of Credit to be used by Telesource as collateral for loan of equal amount and for a term of 6 months only, unless otherwise agreed by the parties in writing, and for other value received, Telesource International, Inc., a Delaware corporation (the “Company”), hereby certifies that SHBC, a Kuwaiti corporation, or its permitted assigns as set forth in Section 4 herein (the “Holder”), is entitled to purchase, subject to the provisions of this Warrant, from the Company up to an aggregate of 1, 000,000 (One Million) duly authorized, validly issued, fully paid and nonassessable shares of the Company’s common stock (the “Common Stock”), at a purc
ContractEmployment Contract • April 16th, 2002 • Telesource International Inc • General bldg contractors - residential bldgs • Illinois
EXHIBIT 10.17 EMPLOYMENT CONTRACT This Agreement made and entered into this 1st day of October, 2001 by and between Bud Curley (hereinafter referred to as “Employee”) and Telesource Intl. Inc., an Illinois corporation (hereinafter referred to as “Employer” or “Telesource”). WITNESSETH WHEREAS, the Employer is engaged in the business of construction and power production in the United States and Internationally; and WHEREAS, Employee believes that he is qualified to serve as Chief Financial Officer and Senior Vice President for the Employer; and WHEREAS, both parties hereto desire to enter into an employment relationship under the terms and conditions set forth hereunder. NOW, THEREFORE, in consideration of the foregoing mutual promises and covenants, it is agreed to between the parties as follows: ARTICLE I EMPLOYMENT RELATIONSHIP
