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purchase on April 2, 1987, of 500 shares of UTS Total Resh
Corp. (UTS) for $2,500 or $5 per share.
Alleged Assignment of Saztec Stock to the Plan
On April 7, 1987, Mr. Stein executed a document
entitled Reimbursement And Contribution Agreement For the
RSSM/ATS Defined Benefit Pension Plan (the contribution
agreement), which provides as follows:
I, Arland T. Stein, do hereby assign and trans-
fer to Reed Smith Shaw & McClay, as of April 6,
1987, two thousand (2000) shares of Sactec [sic]
International Common, the same being free and
clear of any and all encumbrances, in full and
complete satisfaction of any and all obligations
that I have under agreements to reimburse Reed
Smith Shaw & McClay for any amounts that Reed
Smith Shaw & McClay becomes liable, whether
directly or indirectly, to contribute to any
defined benefit pension plan under which I am
accruing benefits.
Reed Smith Shaw & McClay does hereby accept
the assignment of two thousand (2000) shares of
Sactec [sic] International Common in complete
satisfaction of Arland T. Stein's obligations to
make whole Reed Smith Shaw & McClay for any and
all amounts for which Reed Smith Shaw & McClay
may be obligated to contribute to any defined
benefit pension plan under which Arland T. Stein
is covered and is accruing benefits. Further,
Reed Smith Shaw & McClay does hereby assign and
transfer, in full and complete satisfaction of
any and all of its obligations and requirements,
whether arising directly or indirectly, under
either law or agreement, to make contributions to
the RSSM/ATS Defined Benefit Pension Plan. Such
assignment and transfer is to be effective as of
April 6, 1987, and such contribution shall be the
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