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Proposed Organization Plan for MSP

This plan covers the initial issue of stock and warrants by MSP (the code name for the new venture). The purpose is to raise money for equipment purchases plus working capital for the first 12-18 months. The plan includes allowance for a qualified stock option plan.

Most of the numbers have been filled in, at least to a good approximation. Uncertainties are due to continuing negotiations and to the rough figures given in the participants' letters of intent.

Throughout the plan it is assumed that this will be a private offering, limited to the group named in the table of participants in a later section.

Editor: John Walker