Exhibit 10.2
AGREEMENT
AGREEMENT dated this day of June 2005, by and between DocUCourier
Corporation (hereinafter "DocUCourier"), a Delaware Corporation, with offices
located at 0000 Xxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 and Xxxxxxx X.
Xxxxxxxxx, President of DocUCourier and Xxxx X. Xxxxx, P.C., counsel to
DocUCourier, with offices located at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx.
WHEREAS, DocUCourier has filed a Registration Statement with the United
States Securities and Exchange Commission (hereinafter the "SEC") on Form SB-2
which Registration Statement indicates in Part II, Item 25, offering expenses
totaling ninety eight thousand one hundred two dollars and ninety five cents
($98,102.95) of which forty five thousand ($45,000) dollars are indicated as
legal fees and expenses; and
WHEREAS, DocUCourier has agreed to pay all such costs as and when
necessary and required, or to otherwise accrue such costs on its books and
records until it is able to pay the full amount due, either from revenues or
loans from its President.
NOW, THEREFORE, it is herewith agreed as follows: Absent sufficient
revenues to pay these amounts within nine (9) months of the date of the
DocUCourier prospectus, DocUCourier's President agrees to loan DocUCourier the
funds to cover the balance of outstanding professional and related fees relating
to DocUCourier's prospectus. If and when loaned, the loan will be evidenced by a
non-interest bearing unsecured corporate note to be treated as a loan until
repaid, if and when DocUCourier has the financial resources to do so. Xxxx X.
Xxxxx, P.C. DocuCourier's counsel, by signing this Agreement, agrees in full, to
defer his legal fee in the manner set forth in this Agreement.
The parties hereto understand that the above constitutes a binding
Agreement.
The above constitutes the entire Agreement between the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day of June 2005.
DocUCourier Corporation
/s/
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx, President
/s/
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx, Individually
XXXX X. XXXXX, P.C.
/s/
By:__________________________________________
Xxxx X. Xxxxx, President
