Monthly Purchase of the Additional Shares. Subject to earlier ----------------------------------------- cancellation or prepayment in accordance with Sections II.A.4. and II.A.5. below and other terms and conditions under the Note, the Company will make monthly principal payments to Damas in equal amounts and monthly interest over a period of 15 consecutive months. Each monthly principal payment by the Company under the Note shall be deemed payment for the repurchase of the proportionate number of Additional Shares as follows: Monthly Principal Number of Payment to Damas Monthly Additional Shares Due Date (excluding interest) Interest Repurchased by Company -------- -------------------- -------- ---------------------- 09/15/01 $8,000 $800.00 33,334 shares 10/15/01 $8,000 $746.67 33,334 shares 11/15/01 $8,000 $693.33 33,334 shares 12/15/01 $8,000 $640.00 33,334 shares 01/15/02 $8,000 $586.67 33,334 shares 02/15/02 $8,000 $533.33 33,333 shares 03/15/02 $8,000 $480.00 33,333 shares 04/15/02 $8,000 $426.67 33,333 shares 05/15/02 $8,000 $373.33 33,333 shares 06/15/02 $8,000 $320.00 33,333 shares 07/15/02 $8,000 $266.67 33,333 shares 08/15/02 $8,000 $213.33 33,333 shares 09/15/02 $8,000 $160.00 33,333 shares 10/15/02 $8,000 $106.67 33,333 shares 11/15/02 $8,000 $ 0.00 33,333 shares EXHIBIT 10.29 - Stock Repurchase Agreement
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Sources: Stock Repurchase Agreement (Strategic Solutions Group Inc)
Monthly Purchase of the Additional Shares. Subject to earlier ----------------------------------------- cancellation or prepayment in accordance with Sections II.A.4. 5 and II.A.5. below and other terms and conditions under the Note6 below, the Company Borrower will make monthly principal payments to Damas Lender in equal amounts and monthly interest over a period of 15 consecutive months. Each monthly principal and interest payment by the Company Borrower under the Note shall be deemed payment for the repurchase of the proportionate number of Additional Shares as follows: Monthly Principal Number of Payment to Damas Monthly Additional Shares Due Date (excluding interest) Interest Repurchased by Company -------- -------------------- -------- ---------------------- 09/15/01 $8,000 $800.00 33,334 shares 10/15/01 $8,000 $746.67 33,334 shares 11/15/01 $8,000 $693.33 33,334 shares 12/15/01 $8,000 $640.00 33,334 shares 01/15/02 $8,000 $586.67 33,334 shares 02/15/02 $8,000 $533.33 33,333 shares 03/15/02 $8,000 $480.00 33,333 shares 04/15/02 $8,000 $426.67 33,333 shares 05/15/02 $8,000 $373.33 33,333 shares 06/15/02 $8,000 $320.00 33,333 shares 07/15/02 $8,000 $266.67 33,333 shares 08/15/02 $8,000 $213.33 33,333 shares 09/15/02 $8,000 $160.00 33,333 shares 10/15/02 $8,000 $106.67 33,333 shares 11/15/02 $8,000 $ 0.00 33,333 shares EXHIBIT 10.29 - Stock Repurchase Agreementshares
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