Exhibit 10.14
November 15, 1999
Xxxxx Xxxxxxx
President & CEO
Xxxx-Xxx.Xxx Inc.
000 - 000 Xxxx Xxxxxx Xx.
Xxxxxxxxx, X.X.
V6C 2T7
RE: Option Agreement Between Xxxx-Xxx.Xxx Inc and Alliance Corporate
Services Inc.
Dear Xx. Xxxxxxx:
Further to our most recent discussions culminating in this agreement, we confirm
that your company is granting options to Alliance as follows:
a) 100,000 Options valued at $0.40 US exercisable on or before
February 15, 2000,
b) 100,000 Options valued at $0.50 US exercisable on or before May 15, 2000.
In consideration of your company granting the above options to Alliance,
Alliance agrees to provide the following services:
a) provide investor relations services to new and existing investors in
accordance with industry standards'
b) provide investor relations services to potential new investors to assist
them to make investment decisions in consultation with their investment
advisors.
Confirm the terms of this agreement by signing on behalf of your company.
/s/ Xxxxx Xxxxxxx Nov. 16/99 /s/ Xxxx Xxxxxxxxx
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Xxxx-Xxx.Xxx Inc. Alliance Corporate Services Inc.
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THIS CONTRACT dated the 3rd day of DEC , 1999
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BETWEEN:
XXXX-XXX.XXX INC. having
a place of business at 000 - 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(hereinafter the "Company")
OF THE FIRST PART
AND:
ALLIANCE CORPORATE SERVICES INC.
having a place of business at 00X, 0000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxx Xxxxxxxx
(hereinafter "Alliance")
OF THE SECOND PART
WHEREAS:
A. The Company agrees to transfer to Alliance 500,000 Common Shares of the
Company;
AND WHEREAS:
B. Alliance agrees to provide consulting services for a period of one
calendar year effective November 29, 1999;
AND WHEREAS:
C. The Company agrees to:
(a) issue 125,000 Common Shares quarterly to Alliance commencing
November 29, 1999 until November 28, 2000; and
(b) pay Alliance's expenses for Investor Relations ad Marketing
on the following basis:
(i) $15,000.00 (USD) by December 15, 1999;
(ii) $15,000.00 (USD) by January 31, 2000;
(iii) $20,000.00 (USD) by July 29, 2000,
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and the Company also concurs that these are genuine estimates of the expenses
that are likely to be incurred by Alliance for Investor Relations and Marketing
services.
NOW, THEREFORE in consideration of the mutual covenants and agreements contained
herein, it is agreed by and between the parties hereto as follows:
1. THAT Alliance will provide the Company with investor services which
include:
(a) installing and monitoring a 1-800 phone service for customer
enquiries;
(b) mailing the Company's corporate promotional materials;
(c) providing consulting assistance in the drafting of corporate
promotional materials, including but not limited to, news
releases; and
(d) using its best efforts to coordinate fundraising on behalf of
the Company between December 1, 1999 and December 31, 2000.
ALLIANCE XXXXXX agrees that it is responsible for all expenses incurred with
respect to (a) through (c) above.
THIS CONTRACT may be terminated by either party with ninety (90) days written
notice. All shares due and payable will be paid on a pro rata basis at the end
of the ninety (90) day period.
IN THE EVENT of a dispute, this Contract is to be interpreted in accordance with
and governed by with the laws of British Columbia.
SIGNED UNDER CORPORATE SEAL )
XXXX-XXX.XXX INC. )
by its authorized signatory(ies): )
)
)
/s/ Xxxxx Xxxxxxx )
------------------------------------
Name: )
)
SIGNED UNDER CORPORATE SEAL )
ALLIANCE CORPORATE SERVICES, INC. )
by its authorized signatory(ies): )
)
)
/s/ Xxxx Xxxxxxxxx )
--------------------------------------------
Name: )
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