<PAGE>
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
------------------------------
Antares Resources Corporation
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(Exact name of registrant as specified in its charter)
New York 13-1950459
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(State or other jurisdiction of (I.R.S. Employer Identifi-
incorporation or organization) cation Number)
599 Lexington Ave., 18th Floor, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Advisor Compensation Plan
Stock Compensation Plan
____________________________________________________________________________
(Full Title of the Plan)
Iwona J. Alami, Esq.
30251 Golden Lantern, Suite E, Laguna Niguel, California 92677
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(Name and address of agent for service)
(714) 495-8163
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(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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<TABLE>
<CAPTION>
Title of Proposed
securities Proposed maximum
to be Amount to be maximum offering aggregate offering Amount of
registered registered price per share price registration fee
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<S> <C> <C> <C> <C>
Common Stock $1,120,000(1) $1.375 $1,540,000(1) $531(2)
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(1) Includes up to 500,000 shares issuable under the Stock Compensation
Plan and reoffers of such shares; includes 300,000 shares and 200,000 shares
issuable under two separate consulting agreements and 120,000 shares
issuable for services rendered.
(2) The registration fee is based upon the average of the closing bid and
ask prices of the common stock ($1.25 and $1.50, respectively) as reflected
on NASDAQ on February 11, 1997. See Rule 457(c).
<PAGE>
PROSPECTUS
Antares Resources Corporation
Up to 1,120,000 Shares of Common Stock
Reoffered by Means of this Prospectus
The identity of other selling shareholders will be disclosed as such become
known in a supplemental prospectus. Selling shareholders will offer their
shares through the over the counter market, or on NASDAQ or a national
securities exchange if the common stock is then listed on such exchange.
Selling shareholders, if control persons, are required to sell their shares
in accordance with the volume limitations of Rule 144 under the Securities
Act of 1933, which restricts sales in any three month period to the greater
of 1% of the total outstanding common stock or the average weekly trading
volume of the Company's common stock during the four calendar weeks
immediately preceding such sale. In addition, since as of the date of the
Prospectus, the Company did not satisfy the registrant requirements for use
of Form S-3, selling shareholders, even though not controlling persons, are
bound by the volume limitations of Rule 144.
The distribution of the Shares by the selling shareholders may be effected
from time to time by underwriters who may be selected by the selling
stockholders and one or more other broker-dealers in one or more
transactions. It is expected that persons effecting transactions will be
paid the normal and customary commissions for market transactions.
AVAILABLE INFORMATION
Antares Resources Corporation (the "Company") is subject to the informa-
tional requirements of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and in accordance therewith files reports and other
information with the Securities and Exchange Commission (the "Commission").
Copies of the Company's annual report on Form 10-K for the year ended
September 30, 1996 and its quarterly report on Form 10-Q for the quarter
ended June 30, 1996, together with all subsequent filed reports, as well as
proxy statements and other information filed by the Company with the
Commission, can be inspected and copied at the public reference facilities
maintained by the Commission at 450 Fifth Street, N.W., Room 1024,
Washington, D.C. 20549, and at its Regional Offices located at 7 World Trade
Center, New York, New York 10048, and at Northwestern Atrium Center, 500
West Madison Street, Suite 1400, Chicago, Illinois 60661. Copies of such
material can be obtained at prescribed rates from the Public Reference
Section of the Commission, Washington, D.C. 20549, during regular business
hours.
2
<PAGE>
SELLING STOCKHOLDERS
The following table sets forth information regarding the beneficial
ownership of common stock owned by each person of the Company who may sell
common stock pursuant to this Prospectus and all persons selling common
stock pursuant to this Prospectus as of February 11, 1997. There were a
total of approximately 36,000,000 shares outstanding as of February 11,
1997. Unless otherwise indicated, each of the stockholders has sole voting
and investment power with respect to shares beneficially owned.
Number
Name and Address of Shares
of Beneficial Owner Offered Percent
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Bridgewater Capital Corporation 300,000 *
4765 MacArthur Court, Suite 1470
Newport Beach, CA 92660
Iwona J. Alami
30251 Golden Lantern, Suite E 120,000
Laguna Niguel, CA 92677 *
Continental Capital
& Equity Corporation 200,000
2301 Maitland Center Parkway
Suite 100
Maitland, FL 32751
In connection with advisory corporate and financial consulting services,
Bridgewater Capital Corporation was issued 300,000 shares of the Company's
common stock. In connection rendering of legal services, Iwona J. Alami was
issued 120,00 shares of the Company's common stock. In connection with
financial public relations services, Continental Capital & Equity
Corporation was issued 200,000 shares of the Company's common stock. The
services rendered by the above named advisors were not in connection with
the offer or sale of securities in a capital-raising transaction.
The shares described above have been issued under individualized "employee
benefit plans" within the definition proscribed in Rule 405 promulgated
under the Securities Act of 1933, as amended. The services rendered by the
above-named advisors were not in connection with the offer or sale of
securities in a capital raising transaction.
3
<PAGE>
INFORMATION WITH RESPECT TO THE COMPANY
This Prospectus is accompanied by the Company's Annual Report on Form 10-K
for the year ended September 30, 1996 and its quarterly report on Form 10-Q
for the quarter ended June 30, 1996 or the latest Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q filed subsequent thereto. These Annual
and Quarterly Reports as well as all other reports filed by the Company
pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange
Act of 1934 are hereby incorporated by reference in this Prospectus and may
be obtained, without charge, upon the oral or written request of any person
to the Company at 599 Lexington Ave., 18th Floor, New York, New York 80030,
and its telephone number is (212) 308-8877.
4
<PAGE>
PART II
Item 3. Incorporation of Documents by Reference.
----------------------------------------
The Registrant incorporates the following documents by reference in the
registration statement:
(a) The Company's Annual Report on Form 10-K filed for the year ended
September 30, 1996 and the Company's Quarterly Reports on Form 10-Q for the
quarters ended March 31, 1996 and June 30, 1996;
(b) A description of securities is incorporated by reference from the
Registrant's Registration Statement under the 1934 Act, File No. 0-3926.
All other documents filed in the future by Registrant after the date of this
Registration Statement, under Section 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, prior to the filing of a post-effective
amendment to this Registration Statement which deregisters the securities
covered hereunder which remain unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the
date of filing of such documents.
Item 5. Interests of Named Experts and Counsel
--------------------------------------
Iwona J. Alami, a legal counsel to the Company is a holder of 120,000 shares
of the Company's common stock to be issued under this Registration Statement
.
Item 6. Indemnification of Officers and Directors
-----------------------------------------
The Company's Bylaws and the New York Corporation Code provide for
indemnification of directors and officers against certain liabilities.
Officers and directors of the Company are indemnified generally against
expenses actually and reasonably incurred in connection with proceedings,
whether civil or criminal, provided that it is determined that they acted in
good faith, were not found guilty, and, in any criminal matter, had
reasonable cause to believe that their conduct was not unlawful.
Item 7. Exemption from Registration Claimed
-----------------------------------
The Shares were issued for advisory and legal services rendered pursuant to
the resolutions of the Company dated January 5, 1997. These sales were
made in reliance of the exemption from the registration requirements of the
Securities Act of 1933, as amended, contained in Section 4(2) thereof
covering transactions not involving any public offering or not involving any
"offer" or "sale".
Item 8. Exhibits
--------
4. Instruments defining the rights of security holders.
4(1) Agreement with Bridgewater Capital Corporation. Page __ in manually
signed original.
4(2) Agreement with Continental Capital & Equity Corporation, as amended.
Page __ in manually signed original.
5. Opinion of Iwona J. Alami, consent included. Page __ in manually signed
original.
23. Consent of Accountants. Page __ in manually signed original.
II-1
<PAGE>
Item 9. Undertakings
------------
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-
effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the
registration statement;
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement, including
(but not limited to) any addition or election of a managing underwriter.
(2) That, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities offered at that time shall be deemed to be the
initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
(c) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment
by the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless
in the opinion of its counsel that matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in
the Act and will be governed by the final adjudication of such issue.
II-2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized in New York, on February __,
1997.
Antares Resources Corporation
By:/s/ Scott G. Schiller
Scott G. Schiller
President
Pursuant to the requirements of the Securities Act of 1933, the registration
statement has been signed below by the following persons in the capacities
indicated on February__, 1997.
/s/ Victoria Lam Chairperson of the Board
Victoria Lam and Director
/s/ June Lin Director
June Lin
/s/ Flemming With-Seidelin Director
Flemming With-Seidelin
II-3
<PAGE>
EXHIBIT (5)
Opinion of Iwona J. Alami
II-4
<PAGE>
Law Offices Of
IWONA J. ALAMI
30251 Golden Lantern, Suite E
Laguna Niguel, California 92677
(714) 495-8163
FAX: (714) 495-8163
February 13, 1997
Securities and Exchange Commission
450 Fifth Street, N.W., Judiciary Plaza
Washington, DC 20549
Re: ANTARES RESOURCES CORPORATION
Ladies and Gentlemen:
This office represents ANTARES RESOURCES CORPORATION, a New York corporation
(the "Registrant") in connection with the Registrant's Registration
Statement on Form S-8 under the Securities Act of 1933 (the "Registration
Statement"), which relates to the issuance and sale of 1,120,000 shares of
the Registrant's Common Stock issuable to for Stock Compensation Plan and
performance of certain management and legal services (the "Registered
Securities"). In connection with our representation, we have examined such
documents and undertaken such further inquiry as we consider necessary for
rendering the opinion hereinafter set forth.
Based upon the foregoing, it is our opinion that the Registered Securities,
when sold as set forth in the Registration Statement, will be legally
issued, fully paid and nonassessable.
We acknowledge that we are referred to under the heading "Legal Matters" in
the Prospectus which is a part of the Registrant's Form S-8 Registration
Statement relating to the Registered Securities, and we hereby consent to
such use of our name in such Registration Statement and to the filing of
this opinion as Exhibit 5 to the Registration Statement and with such state
regulatory agencies in such states as may require such filing in connection
with the registration of the Registered Securities for offer and sale in
such states.
Iwona J. Alami, Esq.
<PAGE>
Exhibit 23(2)
Consent of Horton & Company, independent auditors.
To be filed by amendment.
II-5
II-5
</TABLE>
<PAGE>
CONTINENTAL CAPITAL & EQUITY CORPORATION
2301 Maitland Center Pkwy.
Suite 100
Maitland, FL 32751
phone (407) 875-1110
fax (407) 875-1404
CLIENT SERVICE AGREEMENT
THIS AGREEMENT is made and entered into this 24th day of January, 1997
between CONTINENTAL CAPITAL & EQUITY CORPORATION, located at 2301 Maitland
Center Parkway, Suite 100, Maitland, FL 32751, hereinafter sometimes
referred to as (CCEC) and UNITED KINA BREWERY GROUP, LTD., located at 599
Lexington Avenue, 18th Floor, New York, NY 10022-6030, hereinafter sometimes
referred to as (the "Company").
WITNESSETH:
WHEREAS, CCEC is a public relations and direct marketing advertising firm
specializing in the dissemination of information about publicly traded
companies, and
WHEREAS, the Company is publicly held with its common stock trading on one
or more stock exchanges and/or over the counter or on NASDAQ, and
WHEREAS, the Company desires to publicize itself with the intention of
making its name and business better known to its shareholders, investors,
and brokerage houses, and
WHEREAS, CCEC is willing to accept the Company as a client.
NOW, THEREFORE, in consideration of the mutual convenants herein contained,
it is agreed:
1. ENGAGEMENT: The Company hereby engages CCEC to publicize the Company
to brokers, prospective investors and shareholders described in Section 2 of
this agreement, and subject to the further provisions of this Agreement,
CCEC hereby accepts the Company as a client and agrees to publicize it as
described in Section 2 of this agreement, but subject to the further
provisions of this Agreement.
2. MARKETING PROGRAM: Consists of the following components:
(A) CCEC will review and analyze all aspects of the Company's goals and
make recommendations on feasibility and achievement of desired goals.
(B) CCEC will review all of the general information and recent filings
from the Company and produce and mail a 100,000 piece direct mail package to
include an 11" x 17" self mailer and an ample number of corporate profiles
so as to allow for one profile for each respondent to the original mailing.
Profiles will be prepared in brokerage style format, both items to be
approved by the Company prior to circulation. The 100,000 piece direct
mailing will be broken down into increments of four (4) mailings of 25,000
pieces to be sent each quarter for one (1) year.
(C) CCEC will provide through their network, firms and brokers interested
in participating and schedule and conduct the necessary due diligence and
obtain the required approvals necessary for those firms to participate.
CCEC will also interview and make determinations on any firms or brokers
referred by the Company with regard to their participation.
(D) CCEC will be available to the Company to field any calls from firms
and brokers inquiring about the Company.
(E) CCEC will use its best efforts to obtain the Company exposure on
national financial radio programming, in independent financial newsletters,
and through on-line fax and Internet broadcast services.
(F) CCEC will promote the Company on the Worldwide Internet via CCEC's
home web site (www.insidewallstreet.com)
PAGE ONE OF FOUR
<PAGE>
(G) CCEC will write, produce and release via BusinessWire up to three (3)
one page news releases upon request and coordination with the Company. Any
and all desired press releases exceeding the maximum of three (3) one page
news releases will be invoiced to the Company at a cost of $600 per page.
3. TIME OF PERFORMANCE: Services to be performed under this Agreement
shall commence upon execution of this Agreement and shall continue until
completion, which generally is expected to occur within three to four
months. CCEC agrees to extend services to one (1) calendar year.
4. COMPENSATION AND EXPENSES: In consideration of the services to be
performed by CCEC, the Company agrees to pay compensation to CCEC as
follows: (A) 96,000 Free Trading Shares of the Company's Stock payable upon
execution of this Agreement.
5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY: The Company represents
and warrants to CCEC, each such representation and warranty being deemed to
be material that:
(A) The Company will cooperate fully and timely with CCEC to enable CCEC
to perform its obligations under this Agreement.
(B) The execution and performance of this Agreement by the Company has
been duly authorized by the Board of Directors of the Company in accordance
with applicable law, and, to the extent required, by the requisite number of
shareholders of the Company:
(C) The performance by the Company of this Agreement will not violate any
applicable court decree, law or regulation, nor will it violate any
provisions of the organizational documents of the Company or any contractual
obligation by which the Company may be bound.
(D) The Company will promptly deliver to CCEC a complete due diligence
package to include latest 10K, latest 10Q, last 6 months of press releases
and all other relevant materials, including but not limited to corporate
reports, brochures, etc.
(E) The Company will promptly deliver to CCEC a list of names and
addresses of all shareholders of the Company which it is aware.
(F) The Company will promptly deliver to CCEC a list of brokers and
market makers of the Company's securities which have been following the
Company.
(G) Because CCEC will rely on such information to be supplied it by the
Company, all such information shall be true, accurate, complete and not
misleading, in all respects.
(H) The Company will act diligently and promptly in reviewing materials
submitted to it by CCEC to enhance timely distribution of the materials and
will inform CCEC of any inaccuracies contained therein prior to the
projected publication date.
6. DISCLAIMER BY CCEC: CCEC WILL BE THE PREPARER OF CERTAIN ROMOTIONAL
MATERIALS. CCEC MAKES NO REPRESENTATION THAT (A) ITS SERVICE WILL RESULT IN
ANY ENHANCEMENT TO THE COMPANY (B) THE PRICE OF THE COMPANY'S PUBLICLY
TRADED SECURITIES WILL INCREASE. (C) ANY PERSON WILL PURCHASE SECURITIES IN
THE COMPANY OR, (D) ANY INVESTOR WILL LEND MONEY TO OR INVEST IN OR WITH THE
COMPANY.
7. EARLY TERMINATION: If the Company fails to cooperate with CCEC, or
fails to make timely payment of the compensation set forth in section 4 of
this agreement CCEC shall have the right to terminate any further
performance under this Agreement. In such event all compensation shall
become immediately due and payable and/or deliverable, and CCEC shall be
entitled to receive and retain the same as liquidated damages, and not as a
penalty, in lieu of all other remedies, the parties acknowledging and
agreeing that it would be too difficult currently to deter-
PAGE TWO OF FOUR
<PAGE>
mine the exact extent of CCEC's damage, but that the receipt and retention
of such compensation is reasonable present estimate of such damage.
8. LIMITATION OF CCEC LIABILITY: If CCEC fails to perform its services
hereunder, its entire liability to the Company shall not exceed the lessor
of (a) the amount of cash compensation CCEC has received from the Company
under Section 4 of this agreement or (b) the actual damage to the Company as
a result of such non-performance. IN NO EVENT WILL CCEC BE LIABLE FOR ANY
INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES NOR FOR ANY CLAIM AGAINST THE
COMPANY BY ANY PERSON OR ENTITY ARISING FROM OR IN ANY WAY RELATED TO THIS
AGREEMENT.
9. OWNERSHIP OF MATERIALS: All right, title and interest in and to
materials to be produced by CCEC in connection with the contract and other
services to be rendered under this Agreement shall be and remain the sole
and exclusive property of CCEC, except that if the Company performs fully
and timely its obligations hereunder, it shall be entitled to receive upon
written request, one hundred (100) copies of all such materials.
10. CONFIDENTIALITY: Until such time as the same may become publicly
known, CCEC agrees that any confidential nature will not be revealed or
disclosed to any person or entity, except in the performance of this
Agreement, and upon completion of its services and upon written request of
the Company all materials, original documentation provided by the Company
will be returned to it. CCEC will, however, require Confidentiality
Agreements from its own employees and from contractors CCEC reasonably
believes will come in contact with confidential material.
11. NOTICES: All notices hereunder shall be in writing and addressed to
the party at the address herein set forth, or at such other address as to
which notice pursuant to this section may be given, and shall be given by
personal delivery, by certified mail, express mail or by national overnight
courier services. Notices will be deemed given delivered to such courier
service.
Notices shall be addressed to CCEC at:
Suite 100
2301 Maitland Center Parkway
Maitland, FL 32751
and to the Company at:
599 Lexington Avenue
18th Floor
New York, NY 10022-6030
Any notices to be given hereunder will be effective if executed by and sent
by the attorneys for the parties giving such notice, and in connection
therewith the parties and their respective counsel agree that in giving such
notice such counsel may communicate directly in writing with such parties to
the extent necessary to give such notice.
12. SEPARABILITY: If one of more of the provisions of this Agreement
shall be held invalid, illegal, or unenforceable in any respect, such
provision, to the extent invalid, illegal, or unenforceable, and provided
that such provision is not essential to the transaction provided for by this
Agreement, shall not affect any other provision hereof, and the Agreement
shall be construed as if such provision had never been contained herein.
PAGE THREE OF FOUR
<PAGE>
13. ARBITRATION: Any controversy or claim arising out of or relating to
the Agent Agreement, or the breach thereof, shall be settled by arbitration
in accordance with the commercial arbitration rules of the American
Arbitration Association and judgement upon the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction thereof.
14. MISCELLANEOUS:
(A) EFFECTIVE DATE OF REPRESENTATIONS: Shall be no later than the
date CCEC is prepared to distribute letters and/or brochures pursuant to the
contract.
(B) GOVERNING LAW: This Agreement shall be governed by and
interpreted under the laws of the State of Florida where CCEC has been
organized and this Agreement has been accepted by CCEC:
(C) CURRENCY: In all instances, references to dollars shall be deemed
to be United States Dollars.
(D) MULTIPLE COUNTERPARTS: This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original.
Executed as a sealed instrument as of the last day and year shown hereunder.
CONFIRMED AND AGREED ON THE 29 DAY OF JANUARY, 1997
CONTINENTAL CAPITAL & EQUITY CORPORATION
By: /s/ /s/
--------------------------- -------------------------
CCEC Representative CCEC Officer
/s/ /s/
---------------------------- -------------------------
Witness Witness
CONFIRMED AND AGREED ON THE 29 DAY OF JANUARY, 1997
UNITED KINA BREWING GROUP, LTD.
By: /s/ Scott Schiller /s/
----------------------------- --------------------------
Duly Authorized Witness
PAGE FOUR OF FOUR
<PAGE>
CONTINENTAL CAPITAL & EQUITY CORPORATION
2301 Maitland Center Pkwy.
Suite 100
Maitland, FL 32751
phone (407) 875-1110
fax (407) 875-1404
February 12, 1997
Mr. Scott Schiller
UNITED KINA BREWING GROUP, LTD. VIA FACXIMILE:
599 Lexington Avenue 212-308-5693
18th Floor
New York, New York 10022
RE: ADDENDUM TO CLIENT SERVICE AGREEMENT
Dear Scott:
This letter shall serve as a formal Addendum to the Client Service Agreement
(CSA), dated January 24, 1997 between Continental Capital & Equity
Corporation (CCEC) and UNITED KINA BREWING GROUP, LTD. (UKBG), whereas
Compensation and Expenses, as defined in Section 4 of the CSA, is amended as
follows:
"in consideration of the services to be performed by CCEC, UKBG agrees to
pay compensation to CCEC for services described herein as follows:
(A) 200,000 free trading shares of UKBG company stock, due and payable
upon execution of this Agreement.
(B) Upon liquidation of the stock, all or in part, CCEC will notify UKBG
on same trading day."
If this is also your understanding, please indicate by so signing in the
space provided below.
Best Regards,
CONTINENTAL CAPITAL & EQUITY CORPORATION
/s/ Dodi B. Zirkle
Dodi B. Zirkle
Vice President of Operations
Agreed and Accepted on this 12th day of February, 1997
/s/ Scott Schiller
Scott Schiller, UNITED KINA BREWING GROUP, LTD.
<PAGE>
BRIDGEWATER CAPITAL CORPORATION
-------------------------------
Corporate Development
CONSULTING AGREEMENT
This Agreement made, in duplicate, this 19th day of December, 1996 City of
Newport Beach, State of California, United States of America
BETWEEN:
UNITED KINA BREWING GROUP, LTD.
and Affiliated Parties
AND:
BRIDGEWATER CAPITAL CORPORATION
WITNESSETH:
WHEREAS THE PARTIES HERETO AGREE AND COVENANT AS FOLLOWS:
1. With regard to Bridgewater Capital Corporation's ("Bridgewater")
services as a consultant in connection with the merger of Antares Resources
Corporation and United Kina Brewing Group, Ltd., Bridgewater shall be paid a
consulting fee by United Kina Brewing Group, Ltd. at the time of the
closing, equal to 300,000 shares of United Kina Brewing Group, Ltd. common
stock that are registered under S-8.
2. This Agreement is made in the State of California and the laws of the
United States of America shall govern this Agreement. This shall be binding
on the parties hereto, their principals, employees, partners, associates,
agents, representatives, assigns, consultants, heirs and successors.
SIGNED AND WITNESSED this _31__ day of December, 1996 in the city of
_Newport Beach_ State of __California___ , and Country of U.S.A. and
witnessed by:
BY: WITNESSED BY:
/s/ Victoria Lam
- -------------------------------- ---------------------------
Victoria Lam, President
UNITED KINA BREWING GROUP, LTD.
ACCEPTED AND AGREED ON THIS __31st day of December____ , 1996
BY:
/s/Jack A, Thomsen
- ------------------------------
Jack A. Thomsen, Partner
BRIDGEWATER CAPITAL CORPORATION
- ----------------------------------------------------------------------------
4675 MacArthur Court, Suite 1570, Newport Beach, California 92660
Phone (714) 253-8666 Fax: (714) 253-8667
