Replies to post #195408 on KAT Exploration Inc (KATX)

[jayree]

Hmmm, hmmm, interesting condition. Show results and then get paid ! Hmmm.... sounds good to me.... who in the world will agree to this condition if they are not confident of the positive results? Nobody works for free.... esp law firms. No way.

[silvergun]

Is that Katx or bvig shares ? 118 mil. Thats a lotta shares. But i live te fact that the whole enchilada is contingent on making $$$$$$ at least 1 mil in revenues. Ken is playing to win this time. Playing smart and playing balls to the wall. I like it. Let's see where we are spring 2013.

[mappo]

Homevendor, This is a real good agreement.
Thanks for the post.

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[mappo]

Homevendor, That is a very smart agreement.
Great post.
Thanks.

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[mappo]

That's a smart agreement.

Smart move:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74383223

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[skyhawk66]

Gotta Love that Escrow Agreement! thanks for keeping it real HV!:

Escrow Agreement

On April 18, 2012, the Company entered into an Escrow Agreement with Brookes, Sullivan and Gracin & Marlow, LLP, as escrow agent (the “Escrow Agreement”), pursuant to which the parties agreed that one hundred eighteen million two hundred sixty-three thousand one hundred fifty-eight (118,263,158) shares of Common Stock (the “Escrowed Shares”) will be released to Brookes and Sullivan if and when the Company has received revenues of at least One Million Dollars ($1,000,000) from the production of the Ekom Eya mine in Ghana (the “Milestone”); provided , however , that if the Milestone is not achieved by the date that is two (2) years from the date of the Escrow Agreement, the escrow agent will release to the Company for cancellation all of the Escrowed Shares, unless otherwise agreed to by the Company and Brookes and Sullivan.

The description of the Escrow Agreement does not purport to be complete and is qualified in its entirety by reference to the Escrow Agreement, which is attached as Exhibit 10.2 to this Current Report and incorporated herein by reference.
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Looks like good things on the way

[mappo]

That's a very smart agreement.
No doubt.

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[mappo]

HV, good to know,
good read.



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[mappo]

HV, that is a very good agreement.
Thanks for the post.



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[mappo]

Homevendor, Thanks for posting the Escrow Agreement
for the Ghana Gold Mine.
Looks great.


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[mappo]

Seems like a very good Escrow Agreement.
Thanks for the post HV.


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[Funaboard]

Escrow Agreement

On April 18, 2012, the Company entered into an Escrow Agreement with Brookes, Sullivan and Gracin & Marlow, LLP, as escrow agent (the “Escrow Agreement”), pursuant to which the parties agreed that one hundred eighteen million two hundred sixty-three thousand one hundred fifty-eight (118,263,158) shares of Common Stock (the “Escrowed Shares”) will be released to Brookes and Sullivan if and when the Company has received revenues of at least One Million Dollars ($1,000,000) from the production of the Ekom Eya mine in Ghana (the “Milestone”); provided , however , that if the Milestone is not achieved by the date that is two (2) years from the date of the Escrow Agreement, the escrow agent will release to the Company for cancellation all of the Escrowed Shares, unless otherwise agreed to by the Company and Brookes and Sullivan.

The description of the Escrow Agreement does not purport to be complete and is qualified in its entirety by reference to the Escrow Agreement, which is attached as Exhibit 10.2 to this Current Report and incorporated herein by reference.
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Looks like good things on the way

[mappo]

Homevendor .... That sounds like an excellent Agreement.
It should work out fine for shareholders.
Have a great weekend.


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[eiddle]

Isn't this escrow deal like shorting the stock with these IOU's shares?

[mappo]

Excellent Agreement.
Thanks HV.

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[mappo]

HV, that's an excellent Agreement.
Great post.


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[mappo]

HV, that is an excellent agreement.
Nice update also:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78425338


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[mappo]

HV, that's an excellent Agreement.
Very smart move.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78425338


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[mappo]

Very good Escrow Agreement.
Thanks for the post.


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[mappo]

Ken now has an excellent Geo-team,
and Randy Clarkson, a mining engineer with over 20 years of experience.
Looking good.
Dr. Johnson Manu:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74890464


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