EX-10
from 8-K
1 page
Letter of Intent November 14, 2001 Re: Purchase of All Issued and Outstanding Shares of Internetloto, Inc. (A Private California Corporation) by Rimpac Resources Ltd. (A Nevada Corporation) the Parties Have Agreed to the Following: 1. Rimpac Resources Ltd., Has 8.55 Million Shares Issued and Outstanding and Is Listed on the Otc Bb Nasd. 2. Internetloto, Inc. Is a Private California Corporation With 8 Million Shares Issued. 3. Rimpac Resources, Ltd. Will Acquire All the Shares of Issued and Outstanding in Internetloto, Inc. for a Total of 11.45 Million Shares of 144 Stock, One Year Hold Stock. 4. Rimpac Resources Will Then Have 20 Million Shares Issued and Outstanding. 5. Internetloto, Inc. Will Then Become a Division of Rimpac Resources Ltd. 6. Internetloto, Inc. Shareholders Will Have the Right to Appoint a New Board of Directors and a New President to Rimpac. 7. Internetloto, Inc. Will Conduct Business According to Its Business Plan and Offering Memorandum. All Directors Will Have a Fiduciary Responsibility to Fulfill the Direction of the Business Plan. Date: November 14, 2001 By: Rimpac Resources, Ltd. Internetloto, Inc. /S/ Georgia Knight /S/ Thomas Johnson - Georgia Knight, President Thomas Johnson, President & CEO
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