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Re: Sparqy_01 post# 218

Thursday, 05/05/2005 7:38:13 PM

Thursday, May 05, 2005 7:38:13 PM

Post# of 2659
Nelson has a one month window alright but it is Airbee, in the final analysis, which can buy HIM out at a 15% premium, not the other way round!

From the 8K:
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=3442474&doc=1&total=&back=2&...

If the Company and Mr. Nelson are unable to reconcile or settle matters within the 30 days, then the Company[Airbee!] shall be permitted to purchase Airbee Automotive Group, Inc. from Mr. Nelson for $5,750,000 (115% of the Merger Consideration). The purchase price shall be reduced by proceeds (if any) Mr. Nelson received from the sale of the Company’s common stock he received in connection with the Merger Agreement. In the event that the Company purchases the surviving entity from Mr. Nelson, Mr. Nelson shall execute a non-compete agreement as conditional consideration for such payment.


The SEC Must Go!
And jail shorters.



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