Reference: Partner Company Financing & Consulting Agreement between Mega Group, Inc./Small Business Investment Corporation of America, Inc. (Mega/SBICOA) and Peoples Health Associates, Inc. (PHA)Mega Group Inc • December 30th, 2002 • Insurance agents, brokers & service • District of Columbia
This letter sets forth the terms and conditions of a partner company financing and consulting agreement (the “Agreement”) between Peoples Health Associates, Inc. (“PHA”), and Mega Group, Inc. Small Business Investment Corporation of America, Inc. (“MEGA/SBICOA”) for the purposes of providing financing and consulting services for business development and capital restructuring for the company. MEGA/SBICOA proposes to acquire 25% of PHA through a share exchange. MEGA/SBICOA expects the share exchange to occur at a price of $1.00 per share based on the quoted value of Mega stock on the day of the acquisition. Upon the close of the transaction, PHA will receive $1,000,000 in Mega common Stock and become a MEGA/SBICOA partner company under the following terms and conditions:
