Energy Telecom, Inc. Stock Issuance Agreement with George Bickerstaff (August 2, 2007)

Contract Categories: Business Finance › Purchase Agreements
Summary

Energy Telecom, Inc. agrees to issue five million restricted shares of its common stock to George Bickerstaff in exchange for a $50,000 investment. The company commits to maintaining the percentage of total shares these represent, based on the current total of 107,118,252 shares, until it registers its stock through a Form S-8 Registration Statement. The number of shares will be adjusted quarterly to preserve this percentage. This agreement outlines the terms of the investment and share issuance.

Read More Arrow
EX-10.3 9 ex103.htm EXHIBIT 10.3 ex103.htm
Exhibit 10.03

Personal Wireless Communication for Industry and Leisure, Worldwide!



Mr. George Bickerstaff
Stamford, CT                                                                                                                           August 2, 2007


Dear Mr. Bickerstaff:

With this letter, Energy Telecom, Inc, for the investment sum of $50,000.00, agrees to issue to you five million (5,000,000) restricted (SEC rule 144) shares of common stock in the company.

Energy Telecom, Inc. agrees that the percent of the Company’s common stock issued (as of the date of this letter 107,118,252 shares) represented by the 5,000,000 shares shall remain unchanged until such time as the Company registers its common stock through the filing of  a Registration Statement, employing Form S-8, as detailed in Rule 428, The Securities Act of 1933.   The number of shares required to maintain the correct percentage shall be adjusted quarterly.

Thank you for your investment.


Sincerely,

/s/ TOM RICKARDS
Tom Rickards, president


 
 
 
 
 
 
 
 
 
 
 
 
 
 
Energy Telecom, Inc.
Mailing address: 1602 Alton Rd., #12, Miami Beach, FL 33139
Offices: (305) 865-9885, ***@***, www.energytele.com