December 23, 2002 ChampionLyte Products, Inc. 1356 N.W. Boca Raton Blvd. Boca Raton, Florida 33432 Re: Series II Convertible Preferred Stock and Related Agreements Ladies and Gentlemen:Stock Transfer Agreement • January 9th, 2003 • Us Bancorp \De\ • National commercial banks
We are writing to inform you that we have sold all of our shares (the “Shares”) of Series II Convertible Preferred Stock (the “Preferred Stock”) to ChampionLyte Asset Acquisition LLC (the “Purchaser”).
CHAMPIONLYTE PRODUCTS, INC. AGREEMENT TO BE BOUNDAgreement to Be Bound • January 9th, 2003 • Us Bancorp \De\ • National commercial banks
In connection with a transfer of shares of Series II Convertible Preferred Stock (the “Preferred Stock”) of ChampionLyte Products, Inc., a Florida corporation (the “Company”), from U.S. Bancorp (“USB”) to the undersigned, the undersigned:
December 19, 2002 ChampionLyte Asset Acquisition LLC 2999 N.E. 191st Street Penthouse 2 Aventura, Florida 33180 Re: Purchase of Series II Convertible Preferred Stock (the “Preferred Stock”) of ChampionLyte Products, Inc. (“ChampionLyte”) Gentlemen:Purchase Agreement • January 9th, 2003 • Us Bancorp \De\ • National commercial banks
You have previously agreed to a transaction (the “Preferred Stock Sale”) in which U.S. Bancorp (“USB”) will sell all of its shares of the Preferred Stock to ChampionLyte Asset Acquisition LLC (the “Purchaser”) for an aggregate purchase price of $300,000.
