Asia Properties, Inc.
USA: 000 X. Xxxxxxxx Xx, Xxxxx 000-000, Xxxxxxxxxx, XX 00000
Telephone: (000) 000-0000 Fax: (000) 000-0000
Homepage: xxx.xxxxxxxx.xxx
----------------
Symbol: ASPZ
AGREEMENT BETWEEN KCSA WORLDWIDE AND ASIA PROPERTIES, INC.
It is noted that Asia Properties, Inc. has had an outstanding bill with KCSA
since late 1999 for $25, 659 that has gone unpaid. KCSA has agreed to take
58,000 shares of restricted stock in Asia Properties, Inc. in settlement of this
bill.
The two firms further agree as follows:
1. That Asia Properties, Inc. may redeem the 58,000 shares within 12 months
of this date by paying in cash $25, 659 to KCSA.
2. That if the shares have not been redeemed by Asia Properties, Inc. within
12 months, that the company will register the 58,000 shares in it's next
registration statement and cause them to become free trading.
For and on the behalf of Asia Properties, Inc. For and on the behalf of KCSA
Xxxxxx X. Xxxxxxxx Xxx Xxxxxxxx
President Managing Director
