Document:

Prepared by MerrillDirect

EXHIBIT
10.5

EMPLOYMENT AGREEMENT

          THIS
AGREEMENT entered into this 18th day of February, 2000
("Effective Date"), by and between Kensington International Holding
Corporation, a Minnesota corporation ("Kensington" or
"Company"), Mail Call, Inc., a Florida corporation ("Mail
Call") and Ronald Schnell (the "Employee").

          WHEREAS, the
Employee has heretofore been employed by Mail Call in the positions of
President and Chief Executive Officer;

          WHEREAS, the
Employee has performed the services of the chief technical officer of Mail
Call;

          WHEREAS, the
Company and Mail Call desire to employ the Employee as the chief technical
officer of the Company and Mail Call as the Vice President of Technology of the
Company and Mail Call;

          WHEREAS, the
Employee desires to be employed as the chief technical officer of the Company
and Mail Call; and

          WHEREAS, the
parties desire by this writing to set forth the employment relationship of
Kensington, Mail Call and the Employee.

          NOW,
THEREFORE, it is AGREED as follows:

          1.       Employment.  The Employee is to be employed in the
capacity of the chief technical officer of the Company and Mail Call as the
Vice President of Technology of the Company and Mail Call, and shall to perform
the duties customarily performed by persons situated in a similar technical
capacity.  The Employee's other duties
shall be such as the President of Kensington or the Board of Directors for
Kensington (the "Board of Directors" or "Board") may from
time to time reasonably direct.  The
Employee agrees that should Mail Call be merged into Kensington, the Employee
shall continue as the chief technical officer and Vice President of Technology
of Kensington.  The Employee agrees that
as chief technical officer, his duties do not include any sales, marketing or
administrative duties, unless specifically assigned by the Chief Executive
Officer or President of Kensington.  The
Employee further agrees that he shall work full-time for the Company on
technical services and on enhancing technical services for the Company as directed
by the President of Kensington.  The
Employee further agrees to train other employees of the Company on technical
aspects of Mail Call and Kensington, and agrees to oversee the technical
employees of the Company and Mail Call.

          2.       Resignation as President and Chief
Executive Officer of Mail Call. Inc. The
Employee hereby agrees to resign as President and Chief Executive Officer of
Mail Call, Inc., simultaneous with the execution of this Agreement.

          3.       Base Compensation. 
Kensington and/or Mail Call agree to pay the Employee during the term of
this Agreement a combined base salary which shall be at the rate of $160,000
per annum beginning _______________, 2000, and $200,000 per annum beginning,
___________, ______, payable not less frequently than every four weeks;
provided, that the rate of such salary shall be reviewed by the Board of
Directors not less often than annually, and Employee shall be entitled to
receive an increase at such percentage or in such an amount, if any, as the
Board of Directors in its sole discretion may decide at such time.

          The
compensation paid under this Agreement is not retroactive and shall be paid
only for periods commencing with the execution of this Agreement.

          4.       Discretionary and Incentive Bonus.  The Employee shall be entitled to
participate in an equitable manner with all other senior management employees
of Kensington in discretionary and incentive bonuses, including, but not
limited to stock option and restricted stock awards and other cash and non-cash
compensation plans that may be authorized and declared by the Board of
Directors to its senior management employees from time to time.

          5.       Warrants to Be Issued.  As further compensation to be paid to the
Employee as consideration for the Employee entering into this Agreement, the
Company shall issue a warrant to the Employee for the Employee to purchase
440,000 shares of the common stock of the Company, at an exercise price of
$1.00 for each share of common stock purchased under the warrant.  The warrant must be exercised no later than
a date five years after the date of execution of this Agreement. If the Company
raises at least $432,000 in a private placement that identifies the payment to
the Employee as a use of proceeds (the “Put Funds”), the Employee has the option
to put the warrant back to the Company, at a price of $1.00 per share, under
either of the following conditions:

          (a)      If a closing occurs for the Put Funds
within 180 days after the Effective Date, the warrant can be put back to the
Company for a period of 30 days, starting at a time period 180 days after the
Effective Date.  After the expiration of
2 10 days from the Effective Date of this Agreement, the put option period
shall expire and the Employee shall have no other rights under any circumstance
to put the warrant back to the Company. 
If a closing occurs for the Put Funds prior to 180 days after the
Effective Date, the Company shall obtain a letter of credit within 10 days
after the closing of the Put Funds in favor of Schnell as security for the payment
of the put option and shall maintain such letter of credit until 210 days after
the Effective Date; or

          (b)       If a closing for the Put Funds does not
occur within 180 days of the Effective Date, and if a closing for the Put Funds
occurs after 180 days from the Effective Date, the warrants can be put back to
the Company for a period of 30 days, starting at the date of the closing of the
Put Funds.  After the expiration of 30
days after the closing for the Put Funds that occurs after 180 days after the
Effective Date, the put option period shall expire and the Employee shall have
no other rights to put the warrant back to the Company.

          6.       Other
Benefits.

          (a)      Participation in Retirement and Medical
Plans.  The Employee shall
be entitled to participate in any plan of Kensington relating to compensation,
profit sharing, or other retirement benefits and medical coverage or
reimbursement plans as Kensington may adopt for the benefit of its employees.

          (b)      Employee Benefits; Expenses.  The Employee shall be eligible to
participate in any fringe benefits which may be or may become applicable to
Kensington's senior management employees, including by example, participation
in any stock option or incentive plans adopted by the Board of Directors, and
any other benefits adopted by the Board of Directors.  Kensington shall reimburse Employee for all reasonable
out-of-pocket expenses which Employee shall incur in connection with his
service for Kensington which are documented with Kensington's policies as set
forth from time to time.

          (c)      Insurance.  Employee agrees to cooperate with the
Company in obtaining insurance on the life of Employee by submitting to
physical examinations and other required procedures.  In addition to any key man insurance the Company may obtain, the
Company shall obtain and keep current a life insurance policy in the amount of
not less than $l,000,000 with the beneficiary to be named by the Employee.

          7.       Term.  The term of employment of Employee under
this Agreement shall be for the period commencing on the Effective Date and
ending February 18, 2002.  Additionally,
the term of employment under this Agreement may be extended for one or more
additional one year periods beyond the then effective expiration date upon a
determination and resolution of the Board of Directors, in its sole discretion,
that the performance of the Employee has met the requirements and standards of
the Board in the current term, and the acceptance by Employee of such extended
term.

          8.       Loyalty; Noncompetition.  The Employee shall devote his full time and
attention to the performance of his employment under this Agreement.  The Employee agrees that during the term of
this Agreement and for a period of two (2) years following termination of
employment for any reason, he will not directly or indirectly, alone or as a
partner, officer, director, shareholder (except as a 5% or less passive
investor) or employee of any other firm or entity, engage in any commercial
activity in competition with any part of the Company's business as it was
conducted during the term of the Agreement or as of the date of such
termination of employment or with any part of the Company's demonstratively
anticipated business with respect to which the Employee has confidential
information.  The Employee agrees that
during the time that he is employed by the Company, and for a period of two (2)
years following the date of his termination of employment, he will not, except
on behalf of the Company, or on behalf of any person not in competition with
the Company:

          (a)      Solicit business from or otherwise seek
to perform other services, or cause or encourage any other person or entity to
solicit business from or perform service for, any persons or entities who were
or are customers of the Company during Employee's employment with the Company,
except with the written consent of the Company, reasonably exercised; and

          (b)      Disclose or cause to be disclosed the
identities or list of any such customers to any other person or identity.

          Notwithstanding
the provisions of Sections 8, 8(a) and 8(b), if the Employee is terminated
without Just Cause, as defined in Section 12, the Employee agrees that for a
period of one (1) year following such termination without Just Cause, he will
not directly or indirectly, alone or as a partner, officer, director,
shareholder (except as a 5% or less passive investor) or employee of any other
firm or entity, engage in any commercial activity in competition with any part
of the Company's business as it was conducted during the term of the Agreement,
or as of the date of such termination of employment without Just Cause or with
any part of the Company's demonstratively anticipated business with respect to
which the Employee has confidential information, but the Employee may solicit
business from or otherwise seek to perform other services, provided that such
business or other services are not in competition with the Company, for persons
or entities who were or are customers of the Company.

          9.       Survival of Noncompetition,
Confidentiality, and Assignment Agreement.  The Employee and Company hereby agree that
the Noncompetition, Confidentiality, and Assignment Agreement dated 1999, (the
"Noncompete Agreement") between the Employee and Mail Call continues
in force.  In the event of any conflict
or inconsistency between this Agreement and the Noncompete Agreement, this
Agreement shall govern.

          10.     Standards.  The Employee shall perform his duties under
this Agreement in accordance with such reasonable standards expected of
employees with comparable positions in comparable organizations and as may be
established from time to time by the Board of Directors.

          11.     Vacation and Sick Leave.

          (a)      The Employee shall be entitled to annual
paid vacation leave in accordance with the policies as are periodically established
by the Board of Directors for senior management of Kensington, but in no event
less than one calendar week per calendar year.

          (b)      The Employee shall not be entitled to
receive any additional compensation from Kensington on account of his failure
to take vacation leave and Employee shall not be entitled to accumulate unused
vacation from one fiscal year to the next, except in either case to the extent
authorized by the Board of Directors for senior management employees of
Kensington.

          (c)      In
addition to the aforesaid paid vacation, the Employee shall be entitled without
loss of pay, to absent himself voluntarily from the performance of his
employment with Kensington for such additional periods of time and for such
valid and legitimate reasons as the Board of Directors in its discretion may
determine.  Further, the Board of
Directors shall be entitled to grant to the Employee a leave or leaves of
absence with or without pay at such time or times and upon such terms and
conditions as the Board of Directors in its discretion may determine.

          (d)      The Employee shall be entitled to an
annual sick leave benefit as established by the Board of Directors for senior
management employees of Kensington.  In
the event that any sick leave benefit shall not have been used during any year,
such leave shall accrue to subsequent years only to the extent authorized by
the Board of Directors for employees of Kensington.

          (e)      The Employee is encouraged to participate
in related industry organizations and activities provided that the assumption
of any significant responsibilities for such outside activities or
organizational participation shall be approved in advance by the Board of
Directors.

          12.     Termination and Termination Pay.  This Agreement shall be terminated prior to
the expiration of the term provided in Section 7 under the following
circumstances:

          (a)      The death of the Employee during the term
of this Agreement, in which event the Employee's estate shall be entitled to
receive the compensation due the Employee through the last day of the calendar
month in which Employee's death shall have occurred, plus all accrued but
unused vacation for such calendar year, and pro rata payment of all bonuses or
incentive payments earned or to be awarded for such calendar year.

          (b)      The Board of Directors may terminate the
Employee's employment at any time, but if the termination is not for Just
Cause, as defined below, Employee shall receive the base salary then in effect
under Section 3 for the remainder of the term of the Agreement.  The Employee shall have no right to receive
compensation or other benefits for any period after termination
for Just Cause.  Termination for
"Just Cause" shall include termination because of the Employee's
personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional     failure
to perform stated duties, willful violation of any law, rule or regulation
(other than traffic violations or similar offenses) or final cease-and-desist
order, material breach of any provision of the Agreement or the breach of the
Noncompete Agreement.

          (c)      Employee may terminate this Agreement
with the delivery of no less than 120 days' written notice to the Board of
Directors, in which case the Employee shall be entitled to receive only the
compensation, vested rights, and all employee benefits up to the date of such
termination except as specifically provided below.

          (i)       If the Employee terminates this Agreement
within one (1) year of the Effective Date, the Employee shall reimburse the
Company for any and all funds he has received under the warrant put option in
paragraph 5 above, up to an amount of $440,000, and any bonus he may have
received from Mail Call, up to an amount of $200,000, for a total reimbursement
of up to $640,000.  Such reimbursement
shall be paid within 10 days after the Employee delivers such written notice to
the Board of Directors to terminate this Agreement.

          13.     Employee's Residence.  As a material inducement of the Employee to
enter into this Agreement, the Company agrees that the Employee will not be
required to relocate his permanent place of residence during the term of this
Agreement.

14.     Successors and Assigns.

          (a)      The Company and the Employee specifically
agree that this Agreement shall inure to the benefit of and be binding upon any
corporation or other successor of Kensington which shall acquire, directly or
indirectly, by merger, consolidation, purchase or otherwise, all or
substantially all of the assets or stock of Kensington.

          (b)      Since Kensington is contracting for the
unique and personal skills of the Employee, the Employee shall be precluded
from assigning or delegating his rights or duties hereunder without first
obtaining the written consent of Kensington.

          15.     Amendments.  No amendments or additions to this Agreement
shall be binding upon the parties hereto unless made in writing and signed by
both parties, except as herein otherwise specifically provided.

          16.     Applicable Law.  This Agreement shall be governed by all
respects whether as to validity, construction, capacity, performance or
otherwise, by the laws of the State of Florida, except to the extent that
Federal law shall be deemed to apply.

          17.     Severability.  The provisions of this Agreement shall be
deemed severable and the invalidity or unenforceability of any provision shall
not affect the validity or enforceability of the other provisions hereof.

          18.     Arbitration.  Any controversy or claim arising out of or
relating to this Agreement, or the breach thereof, shall be settled by
arbitration in accordance with the rules then in effect of the district office
of the American Arbitration Association ("AAA") nearest to the home
office of Kensington, and judgment upon the award rendered may be entered in
any court having jurisdiction thereof, except to the extent that the parties
may otherwise reach a mutual settlement of such issue.  Kensington shall incur the cost of all fees
and expenses associated with filing a request for arbitration with the AAA,
whether such filing is made on behalf of Kensington or the Employee, and the
costs and administrative fees associated with employing the arbitrator and
related administrative expenses assessed by the AAA.  If the parties cannot mutually agree on an arbitrator, each party
shall select an arbitrator and those two arbitrators shall select a third
arbitrator and the third arbitrator shall conduct the arbitration.  Otherwise, each party shall pay its own
costs and expenses, including reasonable attorneys' fees, arising from such
dispute, proceedings or actions, notwithstanding the ultimate outcome thereof,
upon delivery of a final judgment or settlement of the dispute.

 

          19.     Entire Agreement.  This Agreement, together with any
understanding or modifications thereof as agreed to in writing by the parties,
shall constitute the entire agreement between the parties hereto, and shall
supersede all prior understandings in writing or otherwise between the parties.

	 
  	
  KENSINGTON INTERNATIONAL HOLDING
  
	 
  	
  CORPORATION

  
	
  ATTEST:

  	 
  
	

  

  	

  

  
	
  Secretary
  	
  By: 
  Mark Haggerty
  
	 
  	
    
  Its:  President
  
	 
  	 
  
	
  WITNESS:

  	 
  
	

  

  	 
  
	
  Ronald SchnellPrepared by MerrillDirect

EXHIBIT 10.6

STOCK EXCHANGE
AGREEMENT

          This
Agreement is made and entered into this 18th day of February, 2000,
by and among Kensington International Holding Corporation, a Minnesota
corporation ("Kensington"), Mail Call, Inc., a Florida corporation
("Mail Call"), and Ronald Schnell and Staci Schnell, husband and wife
(" Schnell").

RECITALS:

          A.      Schnell owns six hundred (600) shares of
common stock (the "Stock") of Mail Call constituting approximately
thirty-three percent (33%) of the issued and outstanding shares of stock of
Mail Call.

          B.       The parties desire that the Stock be
exchanged for common stock of Kensington.

THE PARTIES HEREBY AGREE AS FOLLOWS:

          1.       Exchange of Stock.  On the Date of Closing, Schnell shall
transfer the Stock to Kensington in exchange for one million (1,000,000) shares
of common stock of Kensington (the "Kensington Stock").

          2.       Representations and Warranties of Mail
Call.  Mail Call represents and
warrants to Kensington the following:

2.1     Organization,
Good Standing, Power, Etc.  Mail
Call is a corporation duly organized, validly existing and in good standing
under the laws of the State of Florida. 
Mail Call has all requisite corporate power and authority, licenses,
permits, and franchises to own, lease and operate its properties and assets and
to carry on its businesses as presently being conducted in all states and
jurisdictions in which it is conducting business.

2.2     Authorization of
Agreement and Enforceability.  This
Agreement has been duly and validly authorized, executed and delivered by Mail
Call and constitutes the valid and legally binding obligation of Mail Call,
enforceable in accordance with its terms except as such enforcement may be
limited (a) by bankruptcy, insolvency, moratorium or other similar laws
presently or hereafter in effect affecting the enforcement of creditors’ rights
generally, or (b) under general principles of equity.

2.3     Capital
Structure.  All of the Stock is duly
authorized, validly issued, fully paid and nonassessable.  Additionally,

          a.       Mail Call has no convertible securities
outstanding;

          b.       there are no outstanding subscriptions,
options, warrants or other obligations of Mail Call to issue stock;

          c.       there are no existing agreements,
arrangements, or commitments obligating or which might obligate (with or
without notice or passage of time or both) Mail Call to issue, dispose of, or
grant any convertible securities, or any securities of Mail Call; and

          d.       there are no shareholder agreements or
other agreements, understandings, or commitments relating to the right of
Schnell to dispose of the Stock.

2.4     Effect
of Agreement, Etc.  Neither the
execution delivery, and performance of this Agreement nor the consummation of
the transactions contemplated hereby by Mail Call, nor compliance by Mail Call
with any of the provisions hereof, will (with or without the giving of notice
or in lapse of time, or both) (i) conflict with or result in a breach of any
provision of the Articles of Incorporation or Bylaws of Mail Call or (ii)
constitute or result in provision of, result in the modification or termination
of or constitute a default under, or give rise to any right of termination,
cancellation or acceleration with respect to, or the creation or imposition of
any lien, security interest, charge or encumbrance upon Mail Call's properties
or assets pursuant to, any note, bond, mortgage, indenture, license, agreement
or other instrument or obligation to which Mail Call is a party or by which it
or any of its properties or assets may be bound, or (iii) violate any law,
statute, regulation, judgment, order, writ, injunction, or decree, statute,
rule or regulation applicable to Mail Call or any of its properties or assets.

2.5     Restrictions;
Burdensome Agreements.  Mail Call is
not a party to any contract, commitment or agreement, and nor is Mail Call or
its properties or assets subject to or bound or affected by any charter, by-law
or other corporate restriction or any order, judgment, decree, law, statute,
ordinance, rule, regulation or other restriction of any kind or character which
would (a) prevent Mail Call from entering into this Agreement or from
consummating the transactions contemplated hereby, except for such restrictions
as to which written waivers or consents shall have been obtained or (b) would,
or may in the future materially and adversely affect Mail Call's business,
properties, assets, prospects, or condition, financial or other.

2.6     Subsidiaries.  Mail Call does not have any interest,
directly or indirectly, in any other corporation, company, business trust,
partnership, limited partnership, joint venture, or other entity or
association.  Mail Call is not subject
to any obligation or requirement to provide funds to, or invest in, any such
entity.

2.7     Government
and Other Consents.  No consent,
authorization or approval of, or exemption by, or filing with any governmental,
public, or regulatory body or authority is required in connection with the
execution, delivery and performance by Mail Call of this Agreement or any of
the instruments or Agreements herein contemplated.

 

2.8     Title
to Properties; Absence of Liens and Encumbrances, Etc.; Ownership of
Intellectual Property.

          (a)      Mail Call owns and has good title to its
properties and assets, free and clear of all mortgages, claims, liens, charges
and encumbrances; (ii) the lien of taxes not yet due and payable or being
contested in good faith by appropriate proceedings; (iii) such imperfections of
title and encumbrances, if any, which do not materially detract from the value,
or interfere with the use, of the properties and assets of Mail Call or
otherwise materially impair any of Mail Call 's business operations;

          (b)      Mail Call owns, licenses or has permission
to use, all required Intellectual Property rights required to operate its
business, including the copyright rights in any software written by Schnell
used by Mail Call, which was a work prepared by Schnell as a "work made
for hire" under the federal Copyright Act.

2.9.    Litigation.  There is no claim, actions, suit,
proceeding, arbitration, investigation or inquiry pending before any Federal,
State, municipal, foreign or other court or governmental, administrative, or
self-regulatory body or agency, or any private arbitration tribunal, or
threatened against, relating to or affecting Mail Call or any of its properties
and assets or the transactions contemplated by this Agreement; nor is there any
basis for any such claim, action, suit, proceeding, arbitration, investigation
or inquiry which may have any adverse effect upon Mail Call's business,
properties or assets or the transactions contemplated by this Agreement.
Neither Mail Call nor any officer, director or employee of Mail Call has been
permanently or temporarily enjoined by order, judgment or decree of any court
or other tribunal or any agency from engaging in or continuing any conduct or
practice in connection with the business engaged in by Mail Call.  There is not in existence at present any
order, judgment or decree of any court or other tribunal or any agency enjoining
or requiring Mail Call to take any action of any kind or to which Mail Call or
Mail Call's properties or assets are subject or bound. Mail Call is not in
default under any order, license, regulation or demand of any Federal, State or
municipal or other governmental agency or with respect to any order, writ,
injunction or decree of any court.

2.10   Books
and Records. All of the books of account and other financial and corporate
records of Mail Call have been made available to Kensington and its counsel and
are in all material respects complete and correct, are maintained in accordance
with good business practices, and are accurately reflected in the Financial
Statements.  The minute books of Mail
Call contain accurate records of all meetings and accurately reflect all other
corporate action of the shareholders and directors of Mail Call.

2.11.  No Finder.  Mail Call has not taken any action that would give to any person
or entity a right to a finder's fee or any type of brokerage commission in
relation to or in connection with the transactions contemplated by this
Agreement.

2.12   Options,
Rights of First Refusal, Etc.     No
person or entity has an option to buy, or a right of first refusal upon, the
sale or transfer of any contract or other asset of Mail Call.

3.       Representations
and Warranties of Schnell. Schnell represents and warrants to Kensington
that:

3.1     Title
to Stock.  Schnell owns all right,
title and interest in and to the Stock to be delivered by Schnell hereunder,
free and clear of all liens, encumbrances, equities or claims and, upon
delivery of such Stock, Kensington will own all right, title and interest to
the Stock, free and clear of any liens, encumbrances, equities or claims.

3.2     Approvals
and Authority.  Except as provided
otherwise herein, all authorizations, approvals and consents necessary for the
execution and delivery by Schnell of this Agreement and for the consummation by
Schnell of the transaction contemplated hereby have been given and Schnell has
full right, power and authority to execute, deliver and perform this Agreement.

3.3     No
Violation of Law or Agreements.  The
execution and delivery of this Agreement, and the consummation of the
transactions contemplated hereby, will not violate any law, rule or regulation
or court or administrative order, or result in a breach or violation of, or
constitute a default (or event which with notice, or lapse of time, or both,
would constitute a default) under any agreement, instrument, decree, judgment
or order to which Schnell is a party or by which they are bound.

3.4     No
Debt.  Schnell acknowledges that
Mail Call owes Schnell nothing.

3.5     Intellectual
Property Rights.  Mail Call owns,
licenses or has per mission to use, all required Intellectual Property rights
required to operate its business, including the copyright rights in any
software written by Schnell used by Mail Call, all such software being
"works made for hire" under the federal Copyright Act.

4.       Physical
Possession of Software.  Schnell
agrees to provide to Kensington a complete working copy of the source code, or
complete mirror system, and a printout of the source code, for all of the
software programs, routines, html, or other software formats used in or
required to operate the Mail Call business. 
If any of the source code of the software programs, routines, html, or
other software are not the property of Mail Call, then Schnell shall provide
the executable software programs, routines, html, or other software for such
software programs, routines, html, or other software.

 

5.       Tax
Free Organization.  It is the intent
of the parties hereto that the exchange of the Kensington Stock for the Stock
in accordance with Paragraph 1 be a tax free exchange under Section
368(a)(l)(B) of the Internal Revenue Code of 1986.  All provisions of this Agreement shall be construed accordingly.

6.       Survival
of Representations and Warranties. 
All statements containing any certificate, instrument, or document
delivered by or on behalf of any of the parties hereto pursuant to this
Agreement and the transactions contemplated hereby shall be deemed
representations, warranties, and covenants of the respective parties.  The representations, warranties, and
covenants of Mail Call and Schnell as contained in this Agreement shall survive
the closing.

7.       Indemnification.  Schnell agrees to indemnify Kensington and
hold Kensington harmless from and against any loss, cost, expense liability or
other damage suffered by Kensington resulting from or on account of the breach
or falsity of any representation, warranty, or covenant made by Schnell.  The foregoing indemnification shall include
any and all costs and expenses, including reasonable attorneys’ fees incurred
by Kensington. Kensington shall assert any right of indemnification by
furnishing Schnell with a written notice and list of such charges.  If such right of indemnification is based
upon a claim by a third party, then Kensington shall give Schnell notice within
thirty (30) days after Kensington has notice of any such claim and Schnell
shall have the right to contest any such claim by a third party.  All expenses of such contest shall be borne
by Schnell.  Any amount claimed by
Kensington in the manner set forth above that remains unpaid ten (10) days
after giving notice to Schnell may be set off against all payments on
employment agreements or other obligations which Mail Call or Kensington may
have to Schnell arising under this Agreement or any other agreement.  Any disputes arising under this paragraph
which are less than $50,000 may be submitted by either party to the American
Arbitration Association in the City of Minneapolis, Minnesota for resolution in
accordance with the rules of the American Arbitration Association.

8.       Notices.  All notices hereunder shall be in writing
and shall be given by personal delivery or by registered or certified mail,
return receipt requested and first class postage prepaid, sent to the addresses
stated following or to such other addresses as may be designated in writing.
All notices shall be deemed to have been given as of the date of personal
delivery or as of the date of deposit in the United States mail, as the case
may be.

                  Ronald
Schnell

                  Mail Call, Inc.

                  8910 Miramar Parkway

                  Suite 208

                  Miramar, FL 33025

                  Kensington
International Holding Corporation

                  Suite 654, Interchange
Tower

                  600 South Highway 169

                  Minneapolis, MN 55426

                  Attn:
President

 

9.       Additional
Documents.  Upon the request of
Kensington, at any time and from time to time following the execution of this
Agreement, Schnell and Mail Call shall immediately execute and deliver such
further instruments of assurance, transfer, or authorization as Kensington may
reasonably require in order to complete the transactions contemplated by this
Agreement.

10.     Conditions
Precedent to Kensington’s Obligations. 
Each and every obligation of Kensington to be performed on the Date of
Closing shall be subject to satisfaction prior thereto of each and all the
following conditions:

          A.      The representations and warranties made by
Mail Call and or given on its behalf hereunder in this Agreement be
substantially accurate in all material respects on and as of the Date of
Closing with the same effect as though such representations and warranties have
been made or given on and as of the Date of Closing.

          B.       Mail Call and Schnell shall perform and
comply with all of their obligations under this Agreement which are to be
performed or complied with by or prior to or on the Date of Closing including
the delivery of documents specified in Paragraph 14 hereof.

          C.      No suit or proceeding shall be threatened
or pending in which it will be or is sought, by anyone, to restrain, prohibit,
challenge or obtain damages or other relief in connection with this Agreement
or the consummation of the transactions contemplated hereby.

          D.      Kensington and its representatives shall
be satisfied as to the substantial accuracy of all representations and
warranties made under this Agreement.

          E.       Kensington and its representatives shall
be satisfied that there are no terms or provisions in any documents or
agreements which are disclosed or copies are provided after the date of this
Agreement that materially adversely affect the business, assets and properties
of Mail Call.

11.     Date
of Closing. The closing date, time, and place of this transaction shall be
____________ _____, 2000, at the offices of Moss & Barnett, 4800 Wells
Fargo Center, Minneapolis, Minnesota or at such other time and place as may be
mutually agreed upon by the parties hereto and shall be as of the opening of
business on such date.  Such date is referred
to in this Agreement as the Date of Closing. 
At the closing, Schnell and Mail Call shall deliver to Kensington each
and all of the following:

A.      A Certificate signed by the officers of
Mail Call that the representations and warranties made by Mail Call in this
Agreement are substantially accurate in all material respects on and as of the
Date of Closing with the same effect as though such representations and
warranties had been made on or given on and as of the Date of Closing and that
Mail Call has performed and complied with all of its obligations under this
Agreement which are to be performed or complied with by or prior to the Date of
Closing.

B.       A
copy certified by the Secretary of Mail Call of the duly adopted resolutions of
the board of directors of Mail Call authorizing the transactions contemplated
by this Agreement and approving this Agreement.

C.      A
stock certificate or certificates representing the Stock.

D.      Executed
assignments separate from certificate transferring the Stock to Kensington,
executed by both Ronald Schnell and Staci Schnell.

E.       Any
other documents reasonably required by legal counsel for Kensington.

At the closing, Kensington shall deliver to
Mail Call each and all of the following:

A.      A
copy certified by the Secretary of Kensington of the resolution duly adopted by
the Board of Directors of Kensington approving this Agreement and the
transactions contemplated hereby.

B.       A
stock certificate representing the shares of Kensington Stock.

C.      Such
other documents as may be reasonably requested by counsel for Mail Call.

          12.     Entire Agreement.  This Agreement, including the exhibits
hereto, contains the entire agreement of the parties and no other prior or
contemporary agreements, oral or written, shall be binding upon the parties.

          13.     Amendment and Modification.  This Agreement shall not be changed or
modified except by a written instrument executed by all parties hereto.

          14.     Assignment.  This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

          15.     Governing Law.  This Agreement shall be construed and
interpreted according to the laws of the State of Minnesota.

          16.     Counterparts.  This Agreement may be executed
simultaneously in two or more counterparts each of which shall be deemed an
original part, all of which together shall constitute one and the same
instrument.

 

          17.     Headings.  The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not constitute a part hereof.

          18.     Representation by Moss & Barnett.  This Agreement has been drafted by members
of the firm of Moss & Barnett.  The
Company, Mail Call and Schnell acknowledge and understand that representation
of all the parties to this Agreement represents a potential or actual conflict
of interest on the part of Moss & Barnett in drafting this Agreement and
any other documents or Agreements arising out of this Agreement and therefore
further acknowledge that Moss & Barnett only represents the Company with
respect to the drafting of this Agreement and other documents or Agreements
arising out of this Agreement.  The
Company, Mail Call and Schnell acknowledge that they have sought the advice of
outside counsel, or have been given the opportunity to do so, regarding
entering into the Agreement and thereby waive (a) the right to object to Moss
& Barnett’s continued representation of the Company, and (b) the right to
assert this conflict or potential conflict of interest as the basis for making
a claim against either the Company or Moss & Barnett.

          IN
WITNESS WHEREOF, the parties hereto have hereunto set their hands all as of the
day and year first above written.

	 

  	

KENSINGTON INTERNATIONAL

  
	 

  	

HOLDING CORPORATION

  

  

  
	 

  	

  

  
	 

  	

By Mark Haggerty

  
	 
  	
  Its President
  

  

  
	 
  	

  

  
	 

  	

MAIL CALL, INC.

  

  

  
	 

  	

  

  
	 

  	

By: 
  Ronald Schnell

  
	 

  	

Its: 
  President

  

  

  
	 

  	

  

  
	 

  	

Ronald Schnell, Individually

  

  

  
	 

  	

  

  
	 

  	

Staci Schnell, Individually

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}]]