B&B TECHNOLOGIES LP
B&B Technologies LP
4720 Lincoln Blvd. Suite 300
Marina Del Rey, CA 90292

(619) 889-6397 Telephone
(480) 733-2509 Fax

E-Mail ceo@damps.com

B&B TECHNOLOGIES LP
1001 N. PASADENA #9
MESA, AZ 85201-3517
(619) 889-6397 Telephone
(480) 733-2509 Fax
E-Mail ceo@damps.com


           
FINDERS FEE EQUITY AGREEMENT

As of 5/10/99 All new "Finder Fees" are to be negotiated. This replaces the current offering herein.

This agreement is between Jeffrey W. Brown, General Partner of the DAMPS I Partnership and _____________________ ( “the Finder” ). It is hereby agreed that any “qualified investor” introduction provided by “the Finder” to Brown, that results in DAMPS I Equity being purchased, shall receive a “Finders Fee” as outlined herein.

Qualified Investors

“Qualified investors” are outlined by the SEC to have a specific qualifying net worth over $ 300,000 and/or a reasonable professional or working understanding of the “elements of investment risk” inherent in any venture.

“Qualified Investors” introductions, shall be made solely through the DAMPS I Partnership web site www.damps.com., which acts as our Private Placement Memorandum (PPM). Notice of DAMPS I Equity purchased will be presented to “the Finder” within five days from Kent A. Truckenbrod, the partnership accountant.

“The Finders” Fee Schedule

  1. DAMPS I Equity up to $ 20,000; “The Finder” shall receive: .10% Equity and a cash commission of 5% of the total equity purchased.   In addition “the Finder” will receive the right to purchase a 1% DAMPS Equity option for $3,000. The General Partner has designated the price of 1% DAMPS Equity to be $ 100,000.

  2. DAMPS I Equity $ 20,000 to $ 100,000; “The Finder” shall receive: .25% Equity and a cash commission of 5% of the total equity purchased.  In addition, “the Finder” will receive the right to purchase a 1% DAMPS Equity option for $ 3,000. The General Partner has designated the price of 1% DAMPS Equity to be $ 100,000.

  3. DAMPS I Equity $ 100,000 to $ 500,000; “The Finder” shall receive: .50% Equity and a cash commission of 3% of the total equity purchased.  In addition, “the Finder” will also receive the right to purchase a 1% DAMPS Equity option for $ 3,000. The General Partner has designated the price of 1% to be $100,000.

  4. DAMPS I Equity $ 500,000 to $ 1.5 million; “The Finder” shall receive: .75% Equity and a cash commission of 2% of the total equity purchased.  In addition “the Finder” will receive the right to purchase a 1% DAMPS Equity option for $ 3,000. The General Partner has designated the price of 1% DAMPS Equity to be $ 100,000.

  5. DAMPS I Equity $ 1.5 to $ 5.2 million; “The Finder” shall receive: 1.0% Equity and a cash commission of 1% of the total equity purchased.  In addition “the Finder” will receive the right to purchase a 2% DAMPS Equity option for $ 6,000. The General Partner has designated the price of 2% DAMPS Equity to be $ 200,000.

Options

All options, herein are one year renewable, under the same terms. Equity price and quantity are designated per this agreement.

Any cash fee or equity share may be divided with other parties connected to any introduction, ( i.e. co-introducer ) at the discretion of the General Partner.

Jeffrey W. Brown General Partner, is the only authorized person to make such an offer on behalf of the DAMPS I CA Partnership and is solely responsible for its content.

    This agreement will be recorded by:

    the DAMPS I Partnership CPA, Kent A. Truckenbrod &
    the DAMPS I Partnership Attorney, Richard P. Miller. Esq.

    I agree to the terms outlined above.

__________________________ _____________
Jeffrey W. Brown
CEO/General Partner
Date

__________________________

_____________
Date

 

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