Baywood International Inc.
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A Public Company
February 15, 1996
LETTER OF AGREEMENT
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This is to confirm an agreement made on February 15, 1996 between ▇▇. ▇▇▇▇▇▇
▇▇▇▇▇▇ acting as a Consultant to the Company and Baywood International, Inc.
whereby ▇▇. ▇▇▇▇▇▇ agreed to raise funds for the Company.
It was further agreed that ▇▇. ▇▇▇▇▇▇ will receive a 10%(percent) finders fee
and 100,000 shares of Baywood's Common Stock, on the raising of a minimum of
$500,000.00 or more.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
President & CEO ▇▇▇▇▇▇ Realty & Investments
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▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇ P.O. Box 5543
Scottsdale, Arizona 85260 USA Scottsdale, Arizona 85261 USA
Phone: ▇▇ (▇▇▇) ▇▇▇-▇▇▇▇ Fax: ▇▇ (▇▇▇) ▇▇▇-▇▇▇▇