I got this emailed to me today:
Date: Tue, 30 Oct 2001 10:06:38 -0500
From: Ed Kear <firstname.lastname@example.org>
Subject: PI2 Options Agreement For me
The accompanying Word 2000 document is the forebearance agreement Bill Duker mentioned at the end of August. I received some of these back electronically back then, but not from everyone. To make this legal, you must return a hard copy version of it signed by you (I will sign it when returned) and mail it to me at Ideal Ventures. If you have any questions about any of this, feel free to call me at 518-434-6543 (Ideal Ventures Phone #).
80 State St, 6th Floor
Albany, NY 12207
The following was attached:
Pi2 EMPLOYEE LETTER
Dear my name:
This letter acknowledges your agreement to accept an option to acquire 10 shares of Pi2, Inc. (the "Company") common stock, at an exercise price of $0.01, per share ("Salary Deferral Option") in full consideration for your agreement to defer receipt of salary owed to you for services you rendered to the Company prior to August 27, 2001, until the Company obtains financing in a minimum amount of $250,000.00. The Salary Deferral Option is immediately vested and may be exercised by you at any time during your employment, or within one year after you terminate your employment with the Company.
You have been advised that the Company is currently attempting to raise additional financing. You have also been advised that the Company may be unable to raise this additional financing.
You further agree to accept options to acquire shares of the Company's common stock ("Shares") at an exercise price of $0.01 per share, in addition to cash compensation for services rendered to the Company subsequent to August 27, 2001 (the "Salary Award Option"). The number of shares subject to your Salary Award Option shall be equal to your current salary rate for the period you perform services for the Company subsequent to August 27, 2001 divided by a per share price of $60.43 per Share. The Salary Option Award is also fully vested and may be exercised by you at any time during your employment, or within one year after you terminate employment with the Company.
If the terms of this agreement are acceptable to you, please sign both copies of this letter and return one signed copy to me.
Edward Kear, CTO
Agreed and Accepted
this First day of September, 2001.
This is quite funny. Yes, I’ll give up my rights to the $7,500 you owe me in exchange for TEN SHARES OF STOCK! And their current value is ZERO! Sure, I’ll do that, right after MONKEYS FLY OUT OF MY ASS!
My dilemma now is, do I simply not reply, or do I reply and tell them to go to hell? God damn, what a fucking bunch of retards. I’m starting to think I should go after John Deep’s personal assets. Let that fucker rot in the street. That’s what he’s willing to let me do. He can whore his daughter to pay his goddamned $1500/month cell phone bill.