Exhibit 10.4
Investment Capital Corporation
7373 E. Doubletree Ranch Road, Suite 200
Scottsdale, AZ 85258
(480) 767-7178 Fax: (480) 767-6179
From the Desk of ...
Terry W. Neild
January 18, 2000
Rick Grewell
Isis Corporation
2600 - 72nd Street
Suite C
Des Moines, IA 50322
Dear Rick:
Proposed new structure of Ises Corporation
----------------------------------
It was indeed a pleasure meeting you and all your guys a few days ago. We
get offered a lot of deals as you can imagine, but few have the quality of
bright idea's that you have.
As explained in our meeting, we only invest in business's that we can take
public. That is our exit strategy. However, we will get you to the position
where you will be at the next level to do a much larger financing, possibly in
the Twenty Million Dollar range.
We will provide you initially with Five Hundred Thousand Dollars
($500,000), and commit to a further $1,500,000 bringing you a total of Two
Million Dollars ($2,000,000). For this investment we will end up with
approximately 26-27% of your Company.
If this is acceptable I will advance $50,000 personally (to be sent to your
office by FedEx) today.
If you wish to proceed, please sign below and let's get this process
started.
ISES AND INVESTMENT CAPITAL CORP. Regards,
AGREE THAT THE INITIAL $50,000 Investment Capital Corporation
ADVANCE SHOULD BE CONSIDERED /s/
A LOAN UNTIL BOTH PARTIES AGREE Terry W. Neild
ON MUTUALLY ACCEPTABLE FINAL TERMS.
Accepted on the 20 day of January, 2000
by:
/s/
Rick Grewell, President
Ises Corporation
Investment Capital Corporation
7373 E. Doubletree Ranch Road, Suite 200
Scottsdale, AZ 85258
(480) 767-7178 Fax: (480) 767-6179
From the Desk of ...
Terry W. Neild
February 9, 2000
Isis Corporation
2600 - 72nd Street
Suite C
Des Moines, IA 50322
Attention: Rick Grewell
Dear Rick:
White Rock Enterprises Ltd. & Ises Corporation
This will confirm our agreement, that for the percentage ownership in the
merged Company, our Group will initially fund Seven Hundred Fifty Thousand
Dollars ($750,000.00), and then over the next three to four months fund a
further One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) for a
total investment of Two Million Dollars ($2,000,000.00).
We look forward to creating a very successful Ises Corporation and growing
with it. I know you will have plenty of news forthcoming, which is required to
keep the Public market's informed and happy. At some point soon you will have to
decide on a name change that makes sense for your business.
Yours truly,
Investment Capital Corporation Pursuit Capital, L.L.C.
/S/ /S/
Terry W. Neild Lance Mullins
President & C.E.O. President
Investment Capital Corporation
7373 E. Doubletree Ranch Road, Suite 200
Scottsdale, AZ 85258
(480) 767-7178 Fax: (480) 767-6179
From the Desk of ...
Terry W. Neild
February 10, 2000
Isis Corporation
2600 - 72nd Street, Suite C
Des Moines, IA 50322
Attention: Rick Grewell
Dear Rick:
White Rock Enterprises Ltd. & Ises Corporation
As discussed this morning, our Group, namely Pursuit Capital, L.L.C. and
Regency Group Limited will arrange for funding of an initial Seven Hundred Fifty
Thousand Dollars $750,000.00, which we expect to be completed within three weeks
at the latest. $500,000.00 will come upon signing of the merger agreement. We
will fund an additional One Million Two Hundred Fifty Thousand Dollars
($1,250,000) no later than six months (6) from the date of the merger agreement.
1.) Shareholder calls will be monitored by Pursuit Capital and affiliates hired
by Pursuit Capital;
2.) Our Group to provide media programs, magazines, newspaper, etc. in relation
to financial media;
3.) Ises will be responsible for hiring Business Wire, to do press releases;
4.) All press releases will be reviewed by Pursuit Capital LLC before
dissemination. Pursuit Capital will not prepare any press releases, and
nothing will be released to the Public without the express consent of Ises
Corporation management.
Yours truly,
Pursuit Capital, L.L.C. Investment Capital Corporation
/S/ /S/
Lance Mullins Terry W. Neild (for Regency Group Limited)
President President & C.E.O.