EXHIBIT 10L
FOURTH ADDENDUM TO FEE AGREEMENT
WITH XXXXXX X. XXXX
XXXXXX X. XXXX
ATTORNEY AND COUNSELOR AT LAW
0000 XXXXX XXXXXXX XXXXXXXXXX
XXXXX 000
XXXXXX, XXXXX 00000
TELEPHONE: (000) 000-0000
TELECOPIER: (000) 000 0000
December 11, 1996
VIA FAX AND U.S. MAIL
Xxxx X. Xxxx, Chief Executive Officer
Xxxx Xxxxxxx'x XX, Inc.
0 Xxxx Xxxxx, Xxxxx 000
Xxxxxx, Xxxxxxxxxx 00000
Re: Third Addendum to Fee Agreement dated January 28, 1994 with
Xxxx Xxxxxxx'x XX, Inc.
Dear Xx.Xxxx:
This letter will serve as the Third Addendum to my Fee Agreement with
Xxxx Xxxxxxx'x XX, Inc. (the "Company") dated February 25, 1994. This Addendum
is necessitated by the fact that the securities previously issued have been
sold.
Accordingly, based upon anticipated legal fees and costs of
approximately $15,000 per month, your Company has suggested, and I have agreed,
that it place up to an additional 70,000 shares of its free-trading common stock
in my name under the same terms and conditions as enumerated in our Fee
Agreement of February 28, 1994. Your Company has agreed to promptly register
this additional block of stock pursuant to Form S-8 at its own expense and
deliver such stock to me, upon the filing and effectiveness of said Form S-8.
If the foregoing accurately reflects our agreement, please indicate
your Company's approval by dating, signing and attesting below and then promptly
return an original hereof to me. The second duplicate original included herein
is for your company's filed.
Sincerely,
/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
APPROVAL AND ACCEPTANCE
READ, UNDERSTOOD AND ACCEPTED THIS 11th day of December, 1996.
XXXX XXXXXXX'X XX, INC.
(a Colorado Corporation)
By: /s/ Xxxx X. Xxxx
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Name: Xxxx X. Xxxx
Title: Chief Executive Officer
