Document:

FY2000 10K Ex4.55

Exhibit 4.55

March 12, 2000

 

To:Henry Fong, Gulfstream Partners

From:PopMail.com, Inc.

Re:Amended and Restated Letter Agreement for Investment

Dear Mr. Fong:

PopMail.com, Inc. ("PopMail" of the "Company") hereby
agrees to sell shares of its common stock to Gulfstream Partners
("Gulfstream") on the following terms, which have been amended and
restated from the terms of our previous letter agreement dated October 30,
2000:

	Gulfstream hereby subscribes for and purchases 3,000,000
shares of common stock, par value $.01 per share (the "Common
Stock") of PopMail. Upon the shareholder approval and filing of
the amendment to the Articles of Incorporation referred to above, the shares of
Common Stock issued to Gulfstream will be duly authorized, validly issued, fully
paid and non-assessable.

	In payment for the Common Stock, Gulfstream agrees to pay
to the Company a cash purchase price of Four Hundred Twenty-five Thousand
Dollars ($425,000). The purchase price will be paid no later than October 30,
2000. 

	Gulfstream acknowledges that an investment in PopMail is
highly speculative, involves a high degree of risk and immediate dilution and is
suitable only for persons who can afford to lose their entire investment.
Gulfstream represents and warrants that it is Gulfstream's intention to acquire
the Common Stock for its account for investment purposes and not with a view to
resale in connection with any distribution thereof.  Gulfstream further
represents and agrees that if Gulfstream should later desire to dispose of or
transfer any of the Common Stock in any manner, Gulfstream shall not do so
without registration of the Common Stock pursuant to the Securities Act of 1933
(the "Act") and applicable state laws, unless Gulfstream obtains an
opinion of counsel satisfactory to the Company that such proposed disposition or
transfer may be made lawfully without the registration. Gulfstream understands
and acknowledges that the stock certificate representing the shares of Common
Stock subscribed for hereby and to be issued by the Company upon acceptance of
this Subscription Agreement, will contain an appropriate restrictive legend
evidencing the above restrictions.

	PopMail agrees that as soon as practicable and in no
event more than 60 days after the issuance of the Common Stock, it will file
with the Securities and Exchange Commission a registration statement on Form S-3
(or, if such form is unavailable, on such other form as is available for such
registration), covering the resale of the Common Stock. PopMail will use its
best efforts to have such registration statement declared effective by the SEC
within 30 days after the filing of the registration statement. PopMail will use
its best efforts to keep the registration statement effective at all times until
the earlier of (i) two years after the date of this Agreement or (ii) the date
on which Gulfstream or its assignee has sold all of the Common Stock.

	Gulfstream shall maintain the right to assign up to
1,588,235 of the aforementioned 3,000,000 shares to Wayne Mills, Blake Capital
Partners or such other assignee as Gulfstream requests.

	This Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and to their successors and assigns. This
instrument contains the entire agreement of the parties, and there are no
representations, covenants or other agreements except as stated or referred to
herein. This Agreement shall be governed by and construed in accordance with the
laws of the State of Minnesota.

Very truly yours,

POPMAIL.COM, INC.

 

By ____________________

Its ____________________

 

The undersigned agrees to purchase the Common Stock described above
subject to the terms and conditions of this Amended and Restated Letter
Agreement.

 

GULFSTREAM PARTNERS

By ______________________

Its ______________________

Date: March 12, 2001FY2000 10K Ex4.56

Exhibit 4.56

SUBSCRIPTION AGREEMENT

This SUBSCRIPTION AGREEMENT (the "Agreement") is made as of
March 16, 2001, by and between PopMail.com, inc., a Minnesota corporation (the
"Company"), and Goben Enterprises L.P. (the
"Purchaser").

WHEREAS, the Company desires to sell to Purchaser, and Purchaser desires
to purchase, Five Hundred Thousand (500,000) shares of the Company's common
stock, $.01 par value (the "Shares") for an aggregate price of Thirty-
five Thousand Dollars ($35,000).

NOW, THEREFORE, in consideration of the mutual covenants and upon the
terms and subject to the conditions set forth herein, the Company and Purchaser
agree as follows:

	Acquisition of Shares. In accordance with the
terms and conditions set forth herein, the Company hereby agrees to sell,
transfer, convey and deliver to Purchaser, and Purchaser hereby agrees to
acquire on the date hereof, all right, title and interest in the Shares.  The
aggregate purchase price of the Shares shall be Thirty-five Thousand Dollars
($35,000) payable upon the parties' execution of this Agreement.  Promptly after
the execution of this Agreement and receipt of the Purchaser's payment the
Company shall deliver to Purchaser a stock certificate evidencing the
Shares.

	Representations, Warranties and Covenants of the
Purchaser.  The Purchaser represents and warrants to the Company as
follows:

	Binding Obligation.  This Agreement constitutes
the legal, valid and binding obligation of Purchaser in accordance with the
terms hereof.

	Representations, Warranties and Covenants of the
Purchaser. 

	Purchaser has been given access to full and complete
information regarding the Company (including the opportunity to meet with
Company officers and review such other documents as Purchaser may have requested
in writing).

	Purchaser represents that it is an "Accredited
Investor," as that term is defined in Rule 501(a) promulgated in connection
with the Securities Act of 1933, as amended.

	Purchaser is experienced and knowledgeable in financial
and business matters, is capable of evaluating the merits and risks of investing
in the Shares, and does not need or desire the assistance of a knowledgeable
representative to aid in the evaluation of such risks.

	Purchaser realizes that a purchase of the Shares
represents a speculative investment involving a high degree of risk.

	Purchaser realizes that the Shares have not been
registered for sale under the Securities Act of 1933, as amended, (the
"Act"), or applicable state securities laws (the "State
Laws") and may be sold only pursuant to registration under the Act and
State Laws, or an opinion of counsel satisfactory to counsel for the Company
that such registration is not required.

	Purchaser is a resident of the State of
Florida.

	Representations, Warranties and Covenants of the
Company.  The Company hereby represents, warrants and covenants to Purchaser
as follows:

	Binding Obligation. This Agreement constitutes
the legal, valid and binding obligation of Purchaser in accordance with the
terms hereof.

	No Legal Bar. The Company is not prohibited by any
order, writ, injunction or decree of any body of competent jurisdiction from
consummating the transactions contemplated by this Agreement, and no such action
or proceeding is pending against Company which questions the validity of this
Agreement or any of the transactions contemplated hereby.

	Regulatory Approvals. There are no consents,
approvals, authorizations and other requirements prescribed by any law, rule or
regulation which must be obtained or satisfied by Company in order to permit the
consummation of the transactions contemplated by this Agreement.

	Registration Under the Securities Act of 1933.
The Company shall include the Shares in its next registration statement filed
under the Act.  The Company shall prepare and file a registration statement
under the Act (the "Registration Statement") registering the Shares
for resale within 90 days of the date of this Agreement.  The Company shall bear
all expenses and fees incurred in connection with the preparation, filing, and
amendment of the Registration Statement with the Securities and Exchange
Commission, except that the Purchaser (or its assignee) shall pay (i) all fees,
disbursements and expenses of any counsel or expert retained by Purchaser and
(ii) all underwriting discounts and commissions, filing fees and any transfer or
other taxes relating to the Shares included in the Registration
Statement.

4.Legend. The certificates representing the
Common Shares shall have imprinted a legend containing substantially the
following language:

"The securities represented by this certificate have
not been registered under either the Securities Act of 1933, as amended, or
applicable state securities laws and may not be sold, transferred, assigned,
offered, pledged or otherwise distributed for value unless there is an effective
registration statement under such Act and such laws covering such securities, or
the Company receives an opinion of counsel acceptable to the Company stating
that such sale, transfer, assignment, offer, pledge or other distribution for
value is exempt from the registration and prospectus delivery requirements of
such Act and such laws."

5.Miscellaneous.  

(a)Governing Law.  This Agreement shall be
governed by and construed in accordance with the internal laws of the State of
Minnesota, without giving effect to the principles of conflict of laws.

	Entire Agreement; Severability and
Enforcement.

	This Agreement and the instruments delivered pursuant
hereto constitute the entire agreement between the parties and supersede all
prior agreements and understandings, written or oral, between the parties
relating to the subject matter hereof.  This Agreement may be amended or
supplemented only by a writing signed by all of the parties hereto.

	Each provision of this Agreement is severable.  If any
provision of this Agreement is found to be unenforceable or in violation of any
statute, rule, regulation, order or decree of any governmental authority, court
or agency, then such provision shall be modified to the minimum extent necessary
so as to render it enforceable and cure such violation, and all other provisions
hereof shall remain in full force and effect notwithstanding such
violation.

	Facsimile/Counterpart Execution. This Agreement
may be executed by facsimile transmitted signature, and both parties agree that
the reproduction of signatures by way of telecopying devices shall be treated as
though such reproductions were executed originals.  This Agreement may be
executed in counterparts, each of which shall be considered an
original.

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the date and year first written above.

PopMail.com,
Inc.

 

By:_________________________________________________________
__

   Stephen J. SpohnGoben Enterprises L.P.
("Purchaser")
Chief Financial
OfficerBy:____________________________

PopMail.com, Inc.SS#:_________________________

1333 Corporate Drive, Suite 350Address:
______________________

Irving, TX
75038______________________________

_________________________

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