EXHIBIT 4.1
[XXXXXX & ASSOCIATES, P.C. LETTERHEAD]
October 11, 2000
VIA FACSIMILE (000) 000-0000
Xx. Xxxxx Xxxxxxxx
XxxxxXxxxx.Xxx, Inc.
0000 Xxxxxxx, Xxxxx 000X
Xxxxxxx, Xxxxx 00000
RE: Fees
Dear Xxxxx:
This will confirm our discussions and recent agreement concerning issuance
of shares of stock in satisfaction of outstanding attorney's fees.
Our agreement is as follows:
ClearWorks will issue and deliver to X. Xxxxxx Xxxxxx of Xxxxxx &
Associates, P.C. 30,000 shares of free-trading common stock. To
allow for marketability difficulties and volatility, ClearWorks will
be given credit against outstanding bills and future invoices for
two-thirds (2/3) of the value of the shares. The price to be used to
determine value and the credit to ClearWorks will be the average
price for five trading days, including the date of delivery of the
shares, two (2) days prior thereto and two (2) days thereafter.
This is a singular agreement and all xxxxxxxx not the subject of payment
hereunder or pursuant to another agreement in writing will be on a monthly basis
with payments to be due upon receipt.
If this meets with the agreement of the Company, please return a signed
copy as soon as possible. It is my understanding that there are registration
details to be concluded prior to issuing the shares, but that the transaction
can be completed within the next week to ten (10) days.
Please let me know if this is consistent with your understanding as well.
Very truly yours,
/s/ Xxxx Xxxxxx Xxxxxx
Xxxx Xxxxxx Xxxxxx
JWW/jww
XxxxxXxxxx.xxx, Inc.
By: /s/ XXXXX XXXXXXXX, GENERAL COUNSEL
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It's agents and/or officers
