FON
Digital
Network, Inc.
MEMORANDUM OF ACQUISITION
The execution of this memo will serve as an instrument of acquisition of Tech
Tel Communications, Inc. ("Tech Tel") a Delaware corporation.
FON Digital Network, Inc. (OTCBB listed "FDNI") will issue 50,000 shares of
stock to be distributed to the shareholders of Tech Tel and certain other people
on release of liabilities (See schedule "A") in exchange for 100% of the Tech
Tel stock.
It is my understanding that all material bills are current other than the
outstanding balance due to Bell South and approximately $8,000 in taxes.
Upon the execution of this agreement FON will have the power to assist Tech
Tel's new president Arlene Powers in taking Tech Tel down telegraph road.
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Greg Foutz, President
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Arlene Powers, President
DISTRIBUTION BY TECH TEL FDNI STOCK
Schedule "A"
1. Lakewood Manufacturing Company 20,000 shares
2. Arlene Powers 10,000 shares
3. Carrington Capital Corp. 10,000 shares
4. The Yankee Companies, Inc. 5,000 shares
5. Colmena Corp. 5,000 shares
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50,000 shares
/s/ Greg Foutz
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Greg Foutz, President
/s/ Arlene Powers
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Arlene Powers, President
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