MEMORANDUM OF UNDERSTANDING
This Memorandum confirms the agreement between Bentley House International Group
(hereafter referred to as "BHIG") and Brot/LaSala Delaware corporation, EIN
13-4090134 (hereafter referred to as: B/L") on this 1st day of December 1999
Whereas BHIG is a publicly traded company that is the survivor of a reverse
merger between Global TeleMedia International Inc. and Bentley House Furniture
and,
Whereas BHIG is a diverse holding company for interests in technology,
telecommunications, internet, international cable, construction and development,
timber plantations, timber processing, furniture among others, and
Whereas B/L possess expertise in management, operations, finance, marketing and
has many valuable contracts in the business world, and,
Whereas BHIG is engaging the services of B/L as a valued executive advisor,
It is agreed that B/L will provide business advisory services to BHIG. Said
engagement to be for the term of six months and may be renewed through agreement
of the parties.
B/L will be compensated as follows:
B/L will receive shares of free trading S-8 stock at the commencement of this
engagement.
B/L will receive options for 500,000 shares of BHIG at a strike price of U.S.
$.10 (ten cents) excisable for 24 months after each issuance, upon the
deployment of each and every of the following operation units/assets during the
term of this agreement or for the period of four months after its termination:
- Housing Development and construction
- Timber harvesting
- Furniture production
- BentleyTel.com (multi function card)
- Ultra-pulse
- Long Distance/ISP Service in BIMP-EAGA
- The installment of voice over Internet service in Australia
- Commercial/Institutional real estate development
B/L will be reimbursed for all out of pocket expenses incurred in the execution
of this agreement. No expense will be incurred without written authorization of
BHIG prior to their occurrence.
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Agreed to by:
/s/ 12/23/99
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for BHIG Date
/s/ 12/23/99
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for Brot/LaSala, Ltd Date
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