Artshare Back

This is a copy of the text that is printed on the
back of the MacNeill Art Projects 1999 Artshare.

Overview: This Share may be exercised for US$10 (TEN) within the time frame of January 1, 2004 to December 31, 2004. During this time the share may be returned to Ben MacNeill for redemption of US$10. The bearer is not obligated to exercise this share and may keep full possession of it and forfeit exercise rights.

Disclaimer: The Receiver of this Document acknowledges that this Share does not represent outright ownership in any enterprise. However, ownership of this printed piece may represent a stake in this art project and/or career of Issuer. While this artwork (Share) may function as a financial vehicle, it is primarily created as an art project and is understood to be this by the Investor. By purchase or trade of this Share, the Investor accepts the terms outlined in this document, and acknowledges that he or she has read the contents in full.

Description of Share: This printed artwork functions as a contract in that the bearer owns the right to return the piece to the Issuer as in the terms set forth on this document, and as a share in that the piece may accrue value based on market valuations that surpasses the exercise price (US$10). Risk is limited to the amount paid for the Share by the Investor. No further debt or charges can be incurred. This Share, while not underwritten by an investment security firm, is issued in good faith on behalf of the Issuer and will be paid in entirety with every means possible.

Exercise of Share: A Share that is to be exercised must be returned physically to the Issuer. At this point a check, or monetary credit transfer (contingent upon technology at the time) will be returned to the Investor. The Share will be accepted in any condition as long as its authenticity can be verified and at least 50% of the Share is physically returned. If less than 50% of the Share is returned, the Issuer reserves the right not to exercise the Share. All Shares returned become sole property of the Issuer and the Investor gives up all claim to the previously held Share.

Transfer of Share: All Shares will be individually numbered and the Investor purchasing the Share(s) will be recorded during the initial public offering. Once purchased, the Share belongs exclusively to the Investor to use in whatever way he or she wishes. Please Note: If a Share is sold, bought, traded or in any way exchanged, the Share number and the New Investor name must be supplied to the Issuer in order for that Share to be exercised on any future date. Without this information the Share will not be allowed to be exercised in the event it is later returned to the Issuer. This process ensures security and authentification on behalf of the Issuer.

Quantity Limits: The total number of Shares that may be exercised by any single Investor is limited to 100 for a sum of US$1000. During the initial public offering, purchases will be limited to a maximum of 25 Shares per Investor. An Investor is welcome to acquire additional Shares after the Shares are publicly held. These limits exist to encourage a wide distribution of this art project.

Contact Issuer: Please contact Ben MacNeill at benmacneill@yahoo.com. This address is considered permanent and should be more reliable than a physical address. All Investors will also be kept on record and periodically notified of residence changes, shows, etc. through 12/31/04.

Issuer Liability: The Issuer assumes liability only for the exercise value (US$10.00) of this Share as in the terms set forth on this document. Furthermore, the Issuer assumes no liability for any incidental or additional value the Share might gain as an artwork leading up to and/or surpassing the exercise time period, should the Share be lost, damaged or destroyed.

The Share refers to this artwork/document; the actual physical printed piece. ok

The Issuer refers to Ben MacNeill. ok

The Investor refers to any person, persons, group, business or institution who buys or owns a Share. ok

In the event that a share is lost, completely destroyed or otherwise physically unverifiable, an exception may be made to exercise the Share after all outstanding Shares have been accounted for, at the close of 12/31/04. This will be determined at the discretion of the Issuer. ok

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