Terra Systems, Inc.
Stock Issuance with a Call Option Vesting Schedule
September 30, 2000
Employee Grant Vestin Purch Fair Deferre
Issuances g ase Value d
for Services Shar Date Date Price Of Compens
es Stock3 ation
1997
Issuances
Mark 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Philbrick 0 97 98 1 0
Mark 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Philbrick 0 97 99 1 0
Brett 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Cornaby 0 97 98 1 0
Brett 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Cornaby 0 97 99 1 0
Stephan 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Gmelin 0 97 98 1 0
Stephan 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Gmelin 0 97 99 1 0
Phillip 3,25 1-May- 1-May- $0.00 $1.00 3,246.7
Harmon 0 97 98 1 5
Phillip 3,25 1-May- 1-May- $0.00 $1.00 3,246.7
Harmon 0 97 99 1 5
R B Harmon 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 98 1 0
R B Harmon 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 99 1 0
Chris Harris 3,25 1-May- 1-May- $0.00 $1.00 3,246.7
0 97 98 1 5
Chris Harris 3,25 1-May- 1-May- $0.00 $1.00 3,246.7
0 97 99 1 5
Tony Hettich 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 98 1 0
Tony Hettich 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 99 1 0
Michelle 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Hochhalter 0 97 98 1 0
Michelle 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Hochhalter 0 97 99 1 0
Glen Miner 500 1-May- 1-May- $0.00 $1.00 499.50
97 98 1
Glen Miner 500 1-May- 1-May- $0.00 $1.00 499.50
97 99 1
Ao Pauga 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 98 1 0
Ao Pauga 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 99 1 0
Jim Prince 5,00 1-May- 1-May- $0.00 $1.00 4,995.0
0 97 98 1 0
Jim Prince 5,00 1-May- 1-May- $0.00 $1.00 4,995.0
0 97 99 1 0
Dave 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Philbrick 0 97 98 1 0
Dave 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Philbrick 0 97 99 1 0
Wyatt Wall 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 98 1 0
Wyatt Wall 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
0 97 99 1 0
Kathy 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Synergarrd 0 97 98 1 0
Kathy 2,50 1-May- 1-May- $0.00 $1.00 2,497.5
Synergarrd 0 97 99 1 0
Betty Jean 500 1-May- 1-May- $0.00 $1.00 499.50
Wilcken 97 98 1
Betty Jean 500 1-May- 1-May- $0.00 $1.00 499.50
Wilcken 97 99 1
Totals- 1997 75,0 74,925.
Issuances 00 00
1998
Issuances
Jim Prince 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
00 98 98 1 00
Jim Prince 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
00 98 99 1 00
Jim Prince1 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
00 98 00 1 00
Jim Prince1 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
00 98 01 1 00
Christopher 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
B. Harris 00 98 98 1 00
Christopher 50,0 31-Mar- 31-Mar- $0.00 $1.13 56,250.
B. Harris 00 98 99 1 00
Christopher 50,0 31-Mar- 31-May- $0.00 $1.13 56,250.
B. Harris2 00 98 00 1 00
Totals- 1998 350, 393,750
Issuances 000 .00
1999
Issuances
Michelle 10,0 30-Sep- 30-Sep- $0.00 $0.97 9,660.0
Hochhalter 00 99 01 1 0
Michelle 10,0 30-Sep- 30-Sep- $0.00 $0.97 9,660.0
Hochhalter 00 99 02 1 0
Totals- 1999 20,0 19,320.
Issuances 00 00
Total to 445, 487,995
Employees 000 .00
-----
1 During the year ended December 31, 1999, 100,000 shares were
forfeited due to the termination of employment. The
compensation expense previously recognized was reversed.
2 During the six months ended June 30, 2000, 50,000 shares were
forfeited due to missed performance agreements. The
compensation expense previously recognized was reversed.
3 The fair value of shares issued to employees is the fair value
on the date of issuance.
Exhibit 99
Terra Systems, Inc.
Stock Issuance with a Call Option Vesting Schedule
September 30, 2000
Employee Defer
Issuances red
for Comp 31- 31-Dec- 31- 30- 31- 31- 31-Dec-
Services Dec- 98 Dec- Jun- Dec- Dec- 02
97 99 00 00 01
------ ----- ------ ----- ----- ---- ----- -------
1997
Issuances
Mark 2,497 1,498 792.00 207.0
Philbrick .50 .50 0
Mark 2,497 1,498 792.00 207.0
Philbrick .50 .50 0
Brett 2,497 1,498 792.00 207.0
Cornaby .50 .50 0
Brett 2,497 1,498 792.00 207.0
Cornaby .50 .50 0
Stephan 2,497 1,498 792.00 207.0
Gmelin .50 .50 0
Stephan 2,497 1,498 792.00 207.0
Gmelin .50 .50 0
Phillip 3,246 1,948 1,029.6 269.1
Harmon .75 .05 0 0
Phillip 3,246 1,948 1,029.6 269.1
Harmon .75 .05 0 0
R B Harmon 2,497 1,498 792.00 207.0
.50 .50 0
R B Harmon 2,497 1,498 792.00 207.0
.50 .50 0
Chris 3,246 1,948 1,029.6 269.1
Harris .75 .05 0 0
Chris 3,246 1,948 1,029.6 269.1
Harris .75 .05 0 0
Tony 2,497 1,498 792.00 207.0
Hettich .50 .50 0
Tony 2,497 1,498 792.00 207.0
Hettich .50 .50 0
Michelle 2,497 1,498 792.00 207.0
Hochhalter .50 .50 0
Michelle 2,497 1,498 792.00 207.0
Hochhalter .50 .50 0
Glen Miner 499.5 299.7 158.40 41.40
0 0
Glen Miner 499.5 299.7 158.40 41.40
0 0
Ao Pauga 2,497 1,498 792.00 207.0
.50 .50 0
Ao Pauga 2,497 1,498 792.00 207.0
.50 .50 0
Jim Prince 4,995 2,997 1,584.0 414.0
.00 .00 0 0
Jim Prince 4,995 2,997 1,584.0 414.0
.00 .00 0 0
Dave 2,497 1,498 792.00 207.0
Philbrick .50 .50 0
Dave 2,497 1,498 792.00 207.0
Philbrick .50 .50 0
Wyatt Wall 2,497 1,498 792.00 207.0
.50 .50 0
Wyatt Wall 2,497 1,498 792.00 207.0
.50 .50 0
Kathy 2,497 1,498 792.00 207.0
Synergarrd .50 .50 0
Kathy 2,497 1,498 792.00 207.0
Synergarrd .50 .50 0
Betty Jean 499.5 299.7 158.40 41.40
Wilcken 0 0
Betty Jean 499.5 299.7 158.40 41.40
Wilcken 0 0
Total 1997 74,92 44,95 23,760. 6,210
Issuance 5.00 5.00 00 .00
1998
Issuances
Jim Prince 56,25 56,250. 0.00
0.00 00
Jim Prince 56,25 42,392. 13,85
0.00 78 7.22
Jim 56,25 21,192. -
Prince1 0.00 27 21,14
2.27
Jim 56,25 14,151. -
Prince1 0.00 28 14,10
1.28
Christopher 56,25 56,250. 0.00
B. 0.00 00
Harris
Christopher 56,25 42,392. 13,85
B. 0.00 78 7.22
Harris
Christopher 56,25 19,563. 25,90 45,41
B. 0.00 89 0.25 4.14
Harris2
Total 1998 393,7 252,193 18,37 45,41
Issuance 50.00 .00 1.14 4.14
1999
Issuances
Michelle 9,660 1,207 2,415 2,415 3,622
Hochhalter .00 .50 .00 .00 .50
Michelle 9,660 805.0 1,610 1,610 3,220 2,415.
Hochhalter .00 0 .00 .00 .00 00
Total 1999 19,32 0.00 2,012 4,025 4,025 6,842 2,415.
Issuance 0.00 .50 .00 .00 .50 00
Total to 487,9 44,95 275,953 26,59 - 4,205 6,842 2,415.
Employees 95.00 5.00 .00 3.64 41,38 .00 .50 00
9.14
========================================================
Defer
red
Comp 29,97 147,767 28,09 13,28
0.00 .00 3.00 2.00
----------------
1 During the year ended December 31, 1999, 100,000 shares were
forfeited due to the termination of employment. The
compensation expense previously recognized was reversed.
2 During the six months ended June 30, 2000, 50,000 shares were
forfeited due to missed performance agreements. The
compensation expense previously recognized was reversed.
Exhibit 99
Terra Systems, Inc.
Stock Issued for Services - Non Employees
September 30, 2000
Expens
e
Non- Grant Vestin Purc Fair To be
Employee g hase Value
Issuances Shar Date Date Pric Of Recogn 31- 30-
for es e Stock ized Dec- Jun-
Services 1 99 00
--------- ---- ------ ------ ----- ------ ------ ----- -----
1999
Issuances
United
Group of
Property 46,2 31-Mar- 31-Mar- $0.5 $0.50 23,189 23,18
Mgmt Co.'s 86 99 99 0 9
Robert 30,0 31-Mar- 31-Mar- $0.5 $0.50 15,000 15,00
Underwood 00 99 99 0 0
Tim Gwyther 30,0 31-Mar- 31-Mar- $0.5 $0.50 15,000 15,00
00 99 99 0 0
Robert 30,0 30-Jun- 30-Jun- $0.5 $0.50 15,000 15,00
Underwood 00 99 99 0 0
Tim Gwyther 30,0 30-Jun- 30-Jun- $0.5 $0.50 15,000 15,00
00 99 99 0 0
Robert 21,5 30-Sep- 30-Jun- $0.7 $0.70 15,000 15,00
Underwood 00 99 99 0 0
Tim Gwyther 21,5 30-Sep- 30-Sep- $0.7 $0.70 15,000 15,00
00 99 99 0 0
Robert 25,0 31-Dec- 31-Dec- $0.6 $0.60 15,000 15,00
Underwood 00 99 99 0 0
Tim Gwyther 25,0 31-Dec- 31-Dec- $0.6 $0.60 15,000 15,00
00 99 99 0 0
Totals- 259, 143,18 143,1 0
1999 286 9 89
Issuances
2000
Issuances
Robert 30,0 31-Mar- 31-Mar- $0.5 $0.50 15,000 15,00
Underwood 00 00 00 0 0
Tim Gwyther 30,0 31-Mar- 31-Mar- $0.5 $0.50 15,000 15,00
00 00 00 0 0
Robert 31,4 30-Jun- 30-Jun- $0.4 $0.48 15,000 15,00
Underwood 60 00 00 8 0
Tim Gwyther 31,4 30-Jun- 30-Jun- $0.4 $0.48 15,000 15,00
60 00 00 8 0
Totals- 122, 60,000 0 60,00
2000 920 0
Issuances
Total
Issuances
to
Non- 382, 203,18 143,1 60,00
Employees 206 9 89 0
------------------
1 The fair values of shares issued is the average trading price
during the fiscal quarter that services were rendered. All
expenses were recognized in the period of service.
