SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxxxx Xxxxxxx
Xxxxx & Co.
0 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Dear Xx. Xxxxxxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about March 16, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
1
The Warrant or the certificates, if exercised, shall bear a legend
describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 0000
Xxxxxx Xxxxxxxx
Xxxxxx Xxxxxx Securities
00000 Xxxxxxxxx Xxxx., Xxxxx 000
Xxxxxx, XX 00000
Dear Xx. Xxxxxxxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about April 20, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the certificates, if exercised, shall bear a legend
describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxxxx Xxx
U.S. Pacific Financial Services
000 X. Xxxxxxxx Xxx., Xxxxx 000
Xxxxxxxx, Xxxxxxxxxx 00000
Dear Mr. Fan:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about March 18, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the certificates, if exercised, shall bear a legend
describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxx Xxxxx
Malachi Group
00 Xxxxxxxx Xxxxxx, #000
Xxxxxxx, XX 00000
Dear Xx. Xxxxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about April 22, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the certificates, if exercised, the shares shall bear a
legend describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxx Xxxxxxxxx
Tradeway Securities Group
0000 Xxxxxxx Xxxxxxx
Xxxxxxxx, XX 00000
Dear Xx. Xxxxxxxxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about April 21, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the certificates, if exercised, the shares shall bear a
legend describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxxx Xxx
Corporate Investment Group
000 X. Xxxxxxx Xxxx.
Xxxxx X-0000
Xxxxxxx, XX 00000
Dear Xx. Xxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about April 6, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the Certificates, if exercised, the shares shall bear a
legend describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Xxxxxx X. Xxxx
AM Xxxx & Company Securities, Inc.
Lakeshore Tower, Suite 350
00000 Xxx Xxxxxx Xxx.
Xxxxxx, XX 00000
Dear Xx. Xxxx:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about April 20, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the certificates, if exercised, shall bear a legend
describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
SUPPLEMENT TO
BEST EFFORTS COMPENSATION
AGREEMENT
Alhambra, California
Date: April 30, 1999
Lynwood Jen
Ace Diversified Capital, Inc.
0000 X. Xxxxxx Xxxx., Xxxxx 000
Xxxxxxxx, XX 00000
Dear Mr. Jen:
The following supplemental or substitutional provisions shall be
construed as part of, and included in, the Best Efforts Compensation Agreement
(the "Compensation Agreement") that was entered into between Cyber Merchants
Exchange, Inc., d.b.a. X-XX.xxx and the undersigned on or about March 16, 1999.
Reference is made to the specific provision in the Compensation Agreement that
are being supplemented/substituted.
Sections 3 (d)(iii)(1)
The second sentence of this paragraph will now read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision and shall expire four (4) years after the effective date
of the registration statement."
Section 3(d)(iii)(2)
The fourth sentence should read:
"The Warrant shall be in standard form (see Exhibit A) and shall be
assignable (subject to the limitations provided in paragraph 3), shall contain a
net exercise provision, and shall expire four (4) years after the effective date
of the registration statement."
Paragraph 3 is added:
"The Warrant or the underlying securities shall not be sold,
transferred, assigned, pledged or hypothecated, except by operation of law or
pursuant to a reorganization for a period of one (1) year following the
effective date of the registration statement. However, the Warrant or the
1
underlying securities may be transferred to other broker-dealers participating
in the offering, or their respective officers or partners.
The Warrant or the Certificates, if exercised, the shares shall bear a
legend describing the specific restriction and the applicable time period."
Very truly yours,
CYBER MERCHANTS EXHANGE, INC
d.b.a. X-XX.xxx
By:______________________________
Xxxxx Xxxx, President
Confirmed and accepted as of
the date first above written:
______________________________
By: __________________________
Name: ________________________
Title: _______________________
2
