Madison's stonewalling me when I requested info. PT failing to pay me. I didn't quite understand exactly what I was doing until warned by Brian.
From: Paul Taylor [mailto:Ptaylor07@adelphia.net]
Sent: Monday, December 19, 2005 10:21 AM
To: 'Rodrigo Calderon'
Subject: Conversion #Template TTNJ
Lets set one more up
SCHEDULE A
NOTICE OF CONVERSION
(To be executed by the Registered Holder)
The undersigned hereby irrevocably elects to convert $2,000 of the Convertible Debenture Note – into 5,333,333 shares of common stock, par value $0.0001 per share ("NTVI - Common Stock"), of Netco Investments Inc., a Texas corporation (the "NTVI ") according to the conditions of the conversion rights of the Convertible Debenture Note – May 15th 2003.
If securities are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.
The Issuer shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer").
Name of DTC Prime Broker: N/A
Account Number: N/A
In lieu of receiving shares of Common Stock issuable pursuant to this Notice of Conversion by way of a DWAC Transfer, the undersigned hereby requests that the Issuer issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder's calculations hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto:
Paul Taylor 5,333,333
Deliver to PT
5x 1m
1x 333,333
The undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable to the undersigned upon conversion of the Preferred Stock shall be made
pursuant to Rule 144 of the securities under the Securities Act of 1933, as amended (the "Act"), or pursuant to an exemption from registration under the Act.
The Issuer shall issue and deliver shares of Common Stock to an overnight courier not later than three business days following receipt of this Conversion notice.
Date of Issue May 15th 2003
Date of Conversion: December 19, 2005
Principle to be Converted Pursuant to
This Conversion – $2000
Number of Shares of Common Stock to be issued pursuant to
Conversion –
Formula = $2000 / $0.000375 = 5,333,333
Signature: ___________________________________
Rodrigo Calderon
President
Telatinos Inc
December 19, 2005
HOLDER ______________________
Paul Taylor
19 December 2005
