0000949459-96-000212 Sample Contracts

Letter Agreement with Atlas, Pearlman, Trop & Borkson, P.A. . WHITESTONE INDUSTRIES, INC. 19200 Von Karman Avenue - Suite 500 Irvine, CA 92715 October 1, 1996
Letter Agreement • November 6th, 1996 • Whitestone Industries Inc • Crude petroleum & natural gas

As of September 30, 1996, the Company has incurred legal fees and related costs of $20,736, for services rendered to the Company since the time of the acquisition of Golden Bear Entertainment Corp. by the Company at the conclusion of 1995. Previously, we had discussed the circumstance that Atlas, Pearlman, Trop & Borkson, P.A. would be given the opportunity to elect to receive cash or common stock of the Company in satisfaction of legal services rendered and to be rendered on behalf of the Company. At the present time, we are in the process of finalizing a funding which would provide the Company with critical funds required for the expansion of the operations of the Company. Accordingly, we wish to offer the opportunity to your firm to elect to receive either 50,000 shares of Common Stock or a cash payment in satisfaction of the above obligation.

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