UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
EFINANCIAL DEPOT.COM, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 330809711
- -------- ---------
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
150 - 1875 Century Park East, Century City, CA 90067
- ------------------------------------------------------ -----
(Address of Principal Executive Offices) (Zip Code)
EFINANCIAL DEPOT.COM, INC. 1999 STOCK OPTION PLAN
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(Full title of the plan)
JOHN HUGUET
EFINANCIAL DEPOT.COM, INC.
150 - 1875 CENTURY PARK EAST
CENTURY CITY, CA 90067
(Name and address of agent for service)
(877) 739-3812
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(Telephone number, including area code, of agent for service)
Copies of all communications, including all communications sent to the agent for
service, should be sent to:
DAVID J. COWAN
CLARK, WILSON, BARRISTERS AND SOLICITORS
#800 - 885 WEST GEORGIA STREET
VANCOUVER, BRITISH COLUMBIA, CANADA, V6C 3H1
TELEPHONE: (604) 687-5700
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CALCULATION OF REGISTRATION FEE
Proposed Proposed
Title of Securities to Amount to be Maximum Offering Maximum Aggregate Amount of
be Registered Registered Price Per Share Offering Price Registration Fee
- ------------------------------- ---------------- ----------------- ------------------- ------------------
Common Stock, with. . . . . . . A maximum of
par value $0.001. . . . . . . . 3,500,000 shares N/A(1) $ N/A(1) $ 5,601.75(1)
- ------------------------------- ---------------- ----------------- ------------------- ------------------
<FN>
(1) The price is estimated in accordance with Rule 457(h)(1) under the Securities Act of 1933, as
amended, solely for the purpose of calculating the registration fee, based on the average of the bid and
asked price ($5.875 bid; $6.25 asked) of the common stock as reported on the National Association of
Securities Dealers Inc.'s Over the Counter Bulletin Board on March 23, 2000.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
ITEM 1. PLAN INFORMATION.
In accordance with the rules and regulations of the Securities and Exchange
Commission, the documents containing the information called for in Part I of
Form S-8 will be sent or given to individuals who participate in efinancial
depot.com, Inc.'s (the "Company") 1999 Stock Option Plan dated October 31, 1999
(the "1999 Plan") and who consent to and execute the Company's stock option
agreement (the "Agreement") (Exhibit 4(a)), which information is attached as an
Exhibit to this Form S-8.
This Registration Statement relates to the offering of a maximum of 3,500,000
common shares (the "Shares") in the capital stock of the Company pursuant to the
1999 Plan.
(A) GENERAL PLAN INFORMATION
The purpose of the 1999 Plan is to retain the services of valued key employees
(the "Employees") and consultants (the "Consultants") of the Company, and to
encourage such persons to acquire a greater proprietary interest in the Company,
thereby strengthening their incentive to achieve the objectives of the
shareholders of the Company, and to serve as an aid and inducement in the hiring
of new employees, and to provide an equity incentive to consultants and other
people selected by the Plan Administrator.
Term and Termination
- ----------------------
The 1999 Plan will be effective only until October 30, 2009 and only with
respect to those options granted by the Company pursuant to a written option
agreement.
Termination of the 1999 Plan shall not terminate any option granted under the
1999 Plan prior to its termination.
ERISA
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The 1999 Plan is not subject to the provisions of the Employee Retirement Income
Security Act of 1974.
Additional Information
- -----------------------
Additional information about the 1999 Plan and the Administrator is available
without charge by contacting efinancial depot.com, Inc., at 150 - 1875 Century
Park East, Century City, CA 90067, Attention: The President (Telephone:
877-739-3812).
Relationship Between the Administrator and Employees
- ---------------------------------------------------------
As at the date of this Registration Statement, the Administrator of the 1999
Plan (the "Administrator") is comprised of the members of the Board of Directors
of the Company. The members of the Company's Board of Directors are elected
each year at the Company's Annual General Meeting, and generally hold senior
management positions within the Company. Any member of the Company's Board of
Directors may be removed by special resolution of the shareholders of the
Company prior to the Company's Annual General Meeting.
Transfer Agent
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The Company's transfer agent with respect to its common stock is Nevada Agency
and Trust Company, 50 West Liberty, Suite 880, Reno, Nevada 89501 (Telephone:
(775) 322-0626; Facsimile: (775) 322-5623).
(B) SECURITIES TO BE OFFERED
The Company has reserved an aggregate of 3,500,000 Shares for issuance under the
1999 Plan. The number of Shares is subject to adjustment from time to time if
the Company, by reason of a consolidation, merger or transfer of assets,
reclassifies or changes it outstanding shares.
(C) EMPLOYEES WHO MAY PARTICIPATE IN THE PLAN
Employees of, and consultants retained by, the Company or by a corporation
related to the Company (a "parent corporation" or a "subsidiary corporation", as
defined in sections 424(e) and 424(f) of the Code, and the regulations
thereunder, as amended), as selected by the Administrator, are eligible to
participate in the 1999 Plan.
(D) PURCHASE OF SECURITIES PURSUANT TO THE PLAN AND PAYMENT FOR SECURITIES
OFFERED
Each Agreement entered into by the Company and the Employees and/or Consultants
pursuant to the 1999 Plan will state the number of shares of common stock to
which it pertains. Each Agreement will also state the price per share of common
stock at which it is exercisable. Upon the exercise of an option under each
Agreement, the aggregate exercise price will be payable to the Company in cash,
or by certified or cashier's check.
(E) RESALE RESTRICTIONS
The Shares, upon vesting to the Employees and/or Consultants, will be free
trading upon registration.
(F) TAX EFFECTS OF PLAN PARTICIPATION
No tax effect will accrue to the Employees and/or Consultants as a result of
their participation in the 1999 Plan. In addition, there will be no tax effects
upon the Company as a result of the 1999 Plan.
The 1999 Plan is not qualified under section 401(a) of the Internal Revenue
Code.
(G) INVESTMENT OF FUNDS
Not applicable.
(H) WITHDRAWAL FROM THE PLAN; ASSIGNMENT OF INTEREST
Pursuant to the 1999 Plan, options that have vested will terminate, to the
extent not previously exercised, upon the occurrence of the first of the
following events:
1. the expiration of the option, as designated by the Administrator;
2. the date of termination of an employment or contractual relationship with
the Company (as determined in the sole discretion of the Administrator);
3. the expiration of three (3) months from the date of the termination of an
employment or contractual relationship with the Company for any reason
whatsoever other than cause, death or disability (as defined in the 1999 Plan)
unless, in the case of a non-qualified stock option, the exercise period is
extended by the Administrator until a date not later than the expiration date of
the option; or
4. the expiration of one year (1) from termination of an employment or
contractual relationship by reason of death or disability (as defined in the
1999 Plan) unless, in the case of a non-qualified stock option, the exercise
period is extended by the Administrator until a date not later than the
expiration date of the option.
Options granted pursuant to the 1999 Plan may not be transferred, assigned,
pledged or hypothecated in any manner, other than by will, by applicable laws of
descent and distribution (except in the case of an "incentive stock option"),
pursuant to a qualified domestic relations order, and shall not be subject to
execution, attachment or similar process; provided however, that any Agreement
may provide or be amended to provide that a "non-qualified stock option" to
which it relates is transferable without payment of consideration to immediate
family members of any of the Employees or Consultants, or to trusts or
partnerships or limited liability companies established exclusively for the
benefit of the immediate family members of any of the Employees or Consultants.
Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose
of any option or of any right or privilege conferred by the 1999 Plan contrary
to the provisions hereof, or upon the sale, levy or any attachment or similar
process upon the rights and privileges conferred by the 1999 Plan, such option
will terminate and become null and void.
(I) FORFEITURES AND PENALTIES
If an employment or contractual relationship with the Company is terminated for
any reason or if any of the Employees or Consultants resigns, the Shares that
have vested at the effective date of termination or resignation of that person
shall be deemed to have been earned by that employee or consultant and no
reduction or refund shall take place and no claim for any additional shares,
compensation, severance or consideration of any kind may be made by that
employee or consultant. See "Term, Termination and Compensation" above.
(J) CHARGES AND DEDUCTIONS AND LIENS THEREFOR
Not applicable.
ITEM 2. COMPANY INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.
Upon written or oral request, any of the documents incorporated by reference in
Item 3 of Part II of this Registration Statement (which documents are
incorporated by reference in Section 10(a) Prospectus) and other documents
required to be delivered to the Employees and/or Consultants pursuant to Rule
428(b) are available without charge by contacting:
efinancial depot.com, Inc.
150 - 1875 Century Park East
Century City, CA 90067
Attention: The President
(Telephone: (877) 739-3812)
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by the Company are incorporated herein by
reference:
1. The Company's Registration Statement on Form 10-SB (Registration number
000-26899) filed on July 30, 1999 containing audited financial statements for
the fiscal year ended December 31, 1998 and December 31, 1997 and unaudited
financial statements for the three months ended June 30, 1999;
2. the Company's Quarterly Report on Form 10-QSB filed on November 22, 1999
for the quarter ending September 30, 1999, containing unaudited consolidated
financial statements for the three months ended September 30, 1999 and 1998;
3. the Company's Report on form 8-K filed on October 1, 1999;
4. the Company's Report on Form 8-K/A filed on December 8, 1999; and
5. the Company's Schedule 14C Information filed on October 13, 1999.
In addition to the foregoing, all documents subsequently filed by the Company
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act
of 1934, prior to the filing of a post-effective amendment indicating that all
of the securities offered hereunder have been sold or deregistering all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from the date of
filing of such documents. Any statement contained in a document incorporated by
reference in this Registration Statement shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any subsequently filed document that is also
incorporated by reference herein modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law provides as follows with
respect to indemnification of directors and officers:
(a) A corporation shall have power to indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the corporation) by
reason of the fact that the person is or was a director, officer, employee or
agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by the person in connection with such action, suit or proceeding if the
person acted in good faith and in a manner the person reasonably believed to be
in or not opposed to the best interests of the corporation, and, with respect to
any criminal action or proceeding, had no reasonable cause to believe the
person's conduct was unlawful. The termination of any action, suit or proceeding
by judgment, order, settlement, conviction, or upon a plea of nolo contendere or
its equivalent, shall not, of itself, create a presumption that the person did
not act in good faith and in a manner which the person reasonably believed to be
in or not opposed to the best interests of the corporation, and, with respect to
any criminal action or proceeding, had reasonable cause to believe that the
person's conduct was unlawful.
(b) A corporation shall have power to indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the corporation to procure a
judgment in its favor by reason of the fact that the person is or was a
director, officer, employee or agent of the corporation, or is or was serving at
the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys' fees) actually and reasonably incurred by
the person in connection with the defense or settlement of such action or suit
if the person acted in good faith and in a manner the person reasonably believed
to be in or not opposed to the best interests of the corporation and except that
no indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation
unless and only to the extent that the Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such expenses
which the Court of Chancery or such other court shall deem proper.
(c) To the extent that a present or former director or officer of a
corporation has been successful on the merits or otherwise in defense of any
action, suit or proceeding referred to in subsections (a) and (b) of this
section, or in defense of any claim, issue or matter therein, such person shall
be indemnified against expenses (including attorneys' fees) actually and
reasonably incurred by such person in connection therewith.
(d) Any indemnification under subsections (a) and (b) of this section
(unless ordered by a court) shall be made by the corporation only as authorized
in the specific case upon a determination that indemnification of the present or
former director, officer, employee or agent is proper in the circumstances
because the person has met the applicable standard of conduct set forth in
subsections (a) and (b) of this section. Such determination shall be made, with
respect to a person who is a director or officer at the time of such
determination, (1) by a majority vote of the directors who are not parties to
such action, suit or proceeding, even though less than a quorum, or (2) by a
committee of such directors designated by majority vote of such directors, even
though less than a quorum, or (3) if there are no such directors, or if such
directors so direct, by independent legal counsel in a written opinion, or (4)
by the stockholders;
(e) Expenses (including attorneys' fees) incurred by an officer or director
in defending any civil, criminal, administrative or investigative action, suit
or proceeding may be paid by the corporation in advance of the final disposition
of such action, suit or proceeding upon receipt of an undertaking by or on
behalf of such director or officer to repay such amount if it shall ultimately
be determined that such person is not entitled to be indemnified by the
corporation as authorized in this section. Such expenses (including attorneys'
fees) incurred by former directors and officers or other employees and agents
may be so paid upon such terms and conditions, if any, as the corporation deems
appropriate.
(f) The indemnification and advancement of expenses provided by, or granted
pursuant to, the other subsections of this section shall not be deemed exclusive
of any other rights to which those seeking indemnification or advancement of
expenses may be entitled under any bylaw, agreement, vote of stockholders or
disinterested directors or otherwise, both as to action in such person's
official capacity and as to action in another capacity while holding such
office.
(g) A corporation shall have power to purchase and maintain insurance on
behalf of any person who is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise against any liability asserted against such
person and incurred by such person in any such capacity, or arising out of such
person's status as such, whether or not the corporation would have the power to
indemnify such person against such liability under this section.
(h) For purposes of this section, references to "the corporation" shall
include, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger which, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, and employees or agents, so that
any person who is or was a director, officer, employee or agent of such
constituent corporation, or is or was serving at the request of such constituent
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, shall stand in the same
position under this section with respect to the resulting or surviving
corporation as such person would have with respect to such constituent
corporation if its separate existence had continued.
(i) For purposes of this section, references to "other enterprises" shall
include employee benefit plans; references to "fines" shall include any excise
taxes assessed on a person with respect to any employee benefit plan; and
references to "serving at the request of the corporation" shall include any
service as a director, officer, employee or agent of the corporation which
imposes duties on, or involves services by, such director, officer, employee or
agent with respect to an employee benefit plan, its participants or
beneficiaries; and a person who acted in good faith and in a manner such person
reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner "not
opposed to the best interests of the corporation" as referred to in this
section.
(j) The indemnification and advancement of expenses provided by, or granted
pursuant to, this section shall, unless otherwise provided when authorized or
ratified, continue as to a person who has ceased to be a director, officer,
employee or agent and shall inure to the benefit of the heirs, executors and
administrators of such a person.
(k) The Court of Chancery is hereby vested with exclusive jurisdiction to
hear and determine all actions for advancement of expenses or indemnification
brought under this section or under any bylaw, agreement, vote of stockholders
or disinterested directors, or otherwise. The Court of Chancery may summarily
determine a corporation's obligation to advance expenses (including attorneys'
fees).
The Company's Articles provide as follows with respect to indemnification of
directors and officers:
7.1 AUTHORIZATION FOR INDEMNIFICATION. The Company may indemnify, in the
manner and to the full extent permitted by law, any person (or the estate,
heirs, executors, or administrators of any person) who was or is a party to, or
is threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the Company), by reason of the fact
that such person is or was a director, officer, employee or agent of the
Company, or is or was serving at the request of the Company as a director,
officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with such action, suit or proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent shall not, of
itself, create a presumption that the person did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best
interests of the Company, and with respect to any criminal action or proceeding,
that he had reasonable cause to believe that his conduct was unlawful.
7.2 ADVANCE OF EXPENSES. Costs and expenses (including attorneys' fees)
incurred by or on behalf of a director or officer in defending or investigating
any action, suit, proceeding or investigation may be paid by the Company in
advance of the final disposition of such matter, if such director or officer
shall undertake in writing to repay any such advances in the event that it is
ultimately determined that he is not entitled to indemnification. Such expenses
incurred by other employees and agents may be so paid upon such terms and
conditions, if any, as the Board deems appropriate. Notwithstanding the
foregoing, no advance shall be made by the Company if a determination is
reasonably and promptly made by the Board by a majority vote of a quorum of
disinterested directors, or (if such a quorum is not obtainable or, even if
obtainable, a quorum of disinterested directors so directs) by independent legal
counsel in a written opinion, or by the stockholders, that, based upon the facts
known to the Board or counsel at the time such determination is made, (a) the
director, officer, employee or agent acted in bad faith or deliberately breached
his duty to the Company or its stockholders, and (b) as a result of such actions
by the director, officer, employee or agent, it is more likely than not that it
will ultimately be determined that such director, officer, employee or agent is
not entitled to indemnification.
7.3 INSURANCE. The Company may purchase and maintain insurance on behalf of
any person who is or was a director, officer, employee or agent of the Company,
or is or was serving at the request of the Company as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise or as a member of any committee or similar body against any
liability asserted against him and incurred by him in any such capacity, or
arising out of his status as such, whether or not the Company would have the
power to indemnify him against such liability under the provisions of this
Article or applicable law.
7.4 NON-EXCLUSIVITY. The right of indemnity and advancement of expenses
provided herein shall not be deemed exclusive of any other rights to which any
person seeking indemnification or advancement of expenses from the Company may
be entitled under any agreement, vote of stockholders or disinterested directors
or otherwise, both as to action in his official capacity and as to action in
another capacity while holding such office. Any agreement for indemnification of
or advancement of expenses to any director, officer, employee or other person
may provide rights of indemnification or advancement of expenses which are
broader or otherwise different from those set forth herein.
The Company's directors and officers are insured against losses arising from any
claim against them as such for wrongful acts or omissions, subject to certain
limitations.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not Applicable.
ITEM 8. EXHIBITS.
4(a) efinancial depot.com, Inc. 1999 Stock Option Plan, as amended
4(b) Form of Stock Option Agreement
5 Opinion of Clark, Wilson
23.1 Consents Clark, Wilson (included in Exhibit 5)
23.2 Consent of Auditor (Stefanou & Company, LLP)
24 Power of Attorney (included in signature page)
ITEM 9. UNDERTAKINGS.
1. The undersigned Company hereby undertakes that:
(a) to file, during any period in which offers or sales are being made, a
post-effective amendment of this registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities
Act of 1933;
(ii) to reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement;
notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement;
(iii) to include any material information with respect to the plan of
distribution not previously disclosed in the registration statement of any
material change to such information in the registration statement;
provided however, that paragraphs 1(a)(i) and 1(a)(ii) do not apply if the
registration statement is on Form S-3 or Form S-8, and the information required
to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed by the Company pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement;
(b) for the purposes of determining any liability under the Securities Act
of 1933, each post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof;
(c) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.
2. The Company hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Company's annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
that is incorporated by reference in the registration statement shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
3. Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers, and controlling persons of
the Company pursuant to the foregoing provisions, or otherwise, the Company has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Company of expenses incurred or
paid by a director, officer or controlling person of the Company in the
successful defense of any action, suite or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Company will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question of whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
SIGNATURES
THE COMPANY. Pursuant to the requirements of the Securities Act of 1933, the
Company certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Century City, in the State of California, on 10th day
of March, 2000
(Registrant) efinancial depot.com, Inc.
By (Signature and Title) /s/ John Huguet
-----------------
John Huguet, President
and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each individual whose signature appears
below constitutes and appoints John Huguet his true and lawful attorney-in-fact
and agent with full power of substitution and resubstitution, for him and in his
name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same with all exhibits thereto, and all documents in connection
therewith, with the Securities and Exchange Commission, granting said
attorney-in-fact and agent full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he or she might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent
or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following persons in the capacities and on the
date indicated.
(Signature) /s/ John Huguet
-----------------
John Huguet
(Title) President and Chief Executive Officer (principal executive
officer)/Director
(Date) March 10, 2000
----------------
(Signature) /s/ Randy Doten
-----------------
Randy Doten
(Title) Vice President, Technical Development / Director
(Date) March 10, 2000
----------------
THE PLAN. Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Century City, State of
California, on 10th day of March, 2000
(Plan) efinancialdepot.com, Inc. 1999 Stock Option Plan
By (Signature and Title) /s/ John Huguet
----------------
John Huguet, President and Chief Executive Officer