NETGURU, INC.
00000 XXXX XXXXX XXXXXXX
XXXXX XXXXX, XXXXXXXXXX 00000
November 27, 2000
Xx. Xxxxxx X. Xxxxxxxxxx
First Montauk Securities Corp.
000 Xxxxxx Xxxxxxx Xxxx
Xxx Xxxx, XX 00000
Re: Consulting Services
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Dear Xx. Xxxxxxxxxx:
This letter will confirm our understanding regarding consulting
services provided by First Montauk Securities Corp. ("First Montauk") in
connection with the investment (the "Investment") made by Xxxxx X. Xxxxxxx in
netGuru, Inc. (the "Company") on the date hereof. In that regard, in full
consideration of all services provided by First Montauk in connection with the
Investment, the Company hereby issues to you warrants to purchase an aggregate
of 200,000 shares of the Company's Common Stock, $.01 par value per share,
pursuant to the terms set forth in the attached form of Warrant. Pursuant to
your request, we will issue the Warrants to the following persons/entities in
the amounts indicated:
Xxxxxx X. Xxxxx, Xx. 80,000
Xxxxxxx X. Xxxxx 80,000
Xxxxxxx Xxxxxx 7,500
Xxxxxxxx Xxxxx 7,500
Xxxxx Xxxxx 5,000
First Montauk 20,000
Kindly acknowledge your consent to the foregoing by executing the
enclosed copy of this letter where indicated and returning the same to my
attention.
Sincerely yours,
/S/ Xxxxx Xxx
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Xxxxx Xxx
Chief Executive Officer
AGREED AND ACCEPTED THIS 27th
DAY OF NOVEMBER, 2000
First Montauk Securities Corp.
By: /S/ Xxxxxx X. Xxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxx
Managing Partner
