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Shofar FTP Archive File: orgs/american/foundation_for_economic_liberty/Resistance_Agreement.980327

[Foundation for Economic Liberty, Inc. stationary]



Between Jason Snow (JS), Resistance Records, Inc. (RR), the Foundation for 
Economic Liberty, Inc. (FEL).

1. For consideration of $60,000.00, JS will transfer 60 shares of RR 
   stock to FEL. Payment to JS as follows:

          $30,000.00 on March 27, 1998
          $30,000.00 on June 30, 1999

   Total  $60,000.00

2. FEL will compensate JS a consultant fee of $30,000.00 per year to 
   produce and monitor a web site. Also, to provide a current mailing 
   list of RR customers immediately. First payment of $576.80 due on
   April 10, 1998 for the period March 30 - April 4, 1998. Thereafter,
   $1153.85 on a bi-weekly basis.

3. FEL will make a $20,000.00 loan to RR in the form of a promissory
   note at an interest rate of 10% P.A. This note is due on or before
   March 26, 1999 and can be paid off without penalty at any time.
   Interest will be calculated on the unpaid balance until paid in

4. RR will receive a 25% discount on all space advertising courtest of
   FEL, based on the current advertising rate card.

For the Foundation for                    For Jason Snow and
Economic Liberty, Inc.                    Resistance Records, Inc.

[signature]                               [signature]
Blayne E. Hutzel 3/27/98                  Jason Snow March 27

[Transcription note: "Jason Snow" is believed to be George Burdi, of
Windsor, Ontario. See]

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