World Surveillance Group Inc (fka WSGI)

[SAMdashada]

"If GlobeTel fails to make

two consecutive payments to Altvater, the contract will be deemed terminated and Altvater will be granted 150% of the monies due for services rendered payable in test equipment or inventory . . . .” The Consulting Agreement furthers provides that “n such event, test equipment and inventory shall be transferred to Altvater free of all liens and encumbrances.”