Letter of Agreement
This Letter of Agreement dated this 31st day of December 1999
-BETWEEN-
XxxXxx.xxx, Inc.
(Hereinafter referred to as "BidBay")
-AND-
Xxxxxx Xxxxx
(Hereinafter referred to as "Dayer")
Whereas BidBay has the right to market preferred and/or
common shares of XxxXxx.xxx Through a Regulation D offering:
And whereas Dayer wants to market the preferred and/or
common shares of XxxXxx.xxx on behalf of BidBay:
CONDITIONS:
1. BidBay will pay Dayer a monetary commission of 25%
on all sales made by him, including any resales
after initial sales.
2. Commission to Dayer will be paid on a weekly basis,
based on shareholders funds received. Dayer will be
responsible for any state and/or federal taxes
associated with his compensation.
3. Dayer will provide and run his own office and is
responsible for his own rent, telephone, utilities
and general office supplies.
4. All leads, clients and shareholders generated by
Dayer will remain solely with Dayer and shall not be
contacted or solicited by any other party working
for, contracted by or associated with BidBay except
Dayer for the end purpose of, or resulting in, the
soliciting or accepting of additional funds or
purchasing of shares of XxxXxx.xxx or any other
company of offering from those leads, clients or
shareholders.
6. The terms and conditions of this Agreement apply to
any funds raised privately by BidBay that are
assisted by Dayer and do not apply to the company's
future public offering.
7. This Agreement can be canceled by each party upon
written notice.
This Agreement is effective as of the above written date.
By: By:
/s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxxx
______________________________ ______________________________
XxxXxx.xxx Inc. Xxxxxx Xxxxx
