PURCHASE AGREEMENTPurchase Agreement • June 3rd, 2005 • Local Telecom Systems Inc • Crude petroleum & natural gas • Texas
RECITALSSecurities Purchase Agreement • June 3rd, 2005 • Local Telecom Systems Inc • Crude petroleum & natural gas • Texas
EXHIBIT 10.2 May 5, 2005 Mr. John (Ted) E. Rea Managing Member Bajjer, LLC 2100 Valley View Lane Dallas, TX To whom it may concern: The purpose of this letter is to outline the manner in which MBI Mortgage, Inc. ("Assignee"), proposes to agree to the...Assignment Agreement • June 3rd, 2005 • Local Telecom Systems Inc • Crude petroleum & natural gas
The purpose of this letter is to outline the manner in which MBI Mortgage, Inc. ("Assignee"), proposes to agree to the assignment for the purchase of the common stock of MBI Mortgage Management Corp, and interest in MBI Mortgage Services Ltd. ("MBI") currently held by Bajjer, LLC ("Assignor"). Assignor and Assignee recognize that the transaction will require further documentation and approvals, including the preparation and approval of a formal assignment agreement setting forth the terms and conditions of the proposed assignment purchase in more detail (the "Assignment Agreement") but Assignor and Assignee execute this letter to evidence their intention to proceed in mutual good faith to carry out complete due-diligence with the intent of defining the transaction substantially in the manner outlined herein. The proposed terms and conditions include, but are not limited to, the following:
EXHIBIT 10.9 LOCAL TELECOM SYSTEMS, INC. (A NEVADA CORPORATION) WARRANT TO PURCHASE SHARES OF COMMON STOCK Effective May 5, 2005 (the "EFFECTIVE DATE") THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED...Warrant to Purchase Shares of Common Stock • June 3rd, 2005 • Local Telecom Systems Inc • Crude petroleum & natural gas • Delaware
EXHIBIT 10.3 PURCHASE AGREEMENTPurchase Agreement • June 3rd, 2005 • Local Telecom Systems Inc • Crude petroleum & natural gas • Texas
