KEVIN CARSON Financing Finder’s Fee Agreement
Exhibit
10.9
XXXXX
XXXXXX
December
14, 2004
Site
Works Inc.
0000
X
Xxxxx Xxx
Xxxxx
Xxxxxxx 00000
Dear
Mr.
Nurse:
This
will confirm the terms of our mutual understanding and agreement ("Agreement")
in connection with the efforts of Xxxxx Xxxxxx, and /or KJC Consulting , 0000
Xxxxxxx Xxxxxx
Xxx, Xxxxx 0000, Xxxxxxx Xxxxx Xxxxxxx 00000 , phone number 000 000
0000,("Finder") to obtain $800,000 minimum of financing for Siteworks Building
& Development Co.,, of 85 Street, Dorking Surrey RH42LA("Company") by
March
30
, 0000.xx
follows:
1.
Appointment.
The
Company hereby authorizes Finder, on a nonexclusive
basis,
to identify investors, underwriters, joint venturers, lenders and/or guarantors
(collectively "Investors") interested in providing Financing (as defined below)
for the Company on terms acceptable to the Company and the Investors.
However,
it is agreed that the Finder shall have no continuing role or part of the
negotiations or relationship between any Investors that the Finder identifies
to
the Company (apart from any rights granted under section 2); and that Finder
is
not now, nor shall it ever be, an agent of the Company. Finder specifically
warrants and represents that he shall not represent himself as an agent of
the
Company and agrees to indemnify the Company for any liability, fees (including
attorney’s fees), costs or expenses, or settlements which the Company incurs as
a result of any representation to third-parties by the Finder.
It
is understood that Finder is acting as a finder only, is not a licensed
securities or real estate broker or dealer, and shall have no authority to
enter
into any commitments on the Company's behalf, or to negotiate the terms of
Financing, or to hold any funds or securities in connection with Financing
or to
perform any act which would require Finder to become licensed as a securities
or
real estate broker or dealer.
2.
Compensation.
If
Financing is consummated by any Investor directed or introduced by Finder to
the
Company or through the efforts of Finder within the terms of this Agreement
or
any date after the terms of this agreement, then Finder shall be entitled to
a
fee as follows:
250,000
shares of Site Works Inc payable
as
follows: 125,000
shares
due on execution of this agreement and after the first $ 10,000 is received
by
Siteworks Building & Development Co.,, balance due after the next
790,000.Xxxxxxx may issue all the shares at payment at anytime after the
execution of this agreement at its option.
“Financing”,
as used herein, shall mean all amounts furnished to or for the use of the
Company with Investors directed or introduced by, or through the efforts of,
Finder after the date of this Agreement, whether by investment in equity or
debt
securities of the Company, loans, loan commitments, guarantees of indebtedness,
leasing, sale and leaseback, joint ventures or licensing.
3.
Fees.
The
fees
due Finder as set forth in Section 2 above shall be paid by free trading stock
(or equivalent value ) cashier's check at the closing of Financing or as
indicated above. In the event that a portion of the Financing is completed
in
delayed increments, the fee shall be paid pro-rata as each increment is
advanced. Finder agrees not to liquidate no more than 40 % of shares issued
(100,000) until such time as company is funded.
4.
Termination.
This
Agreement may be terminated upon 30 days written notice by either party by
written notice to the other party in accordance with the notice provisions
listed in section 7., but such termination shall not affect the obligation
of
the Company to pay the finder's fee hereunder as to Financing consummated
indefinitely after such termination with any Investor directed or introduced
by
Finder to the Company or through the efforts of Finder prior to such
termination. Should the funding in the amount contemplated, $800,000 not be
successfully completed by March 30, 2005, Finder agrees to return up to a
maximum of 150,000 shares of total issued stock at that time (by March 30,
2005)
to the company, and by virtue of a copy of this agreement to a brokerage firm
agrees and directs said brokerage to transfer such shares to Siteworks Building
& Development Co.,
5.
Accurate
Information.
The
Company hereby represents and warrants that all information provided Finder
pertaining to the Company shall be true and correct; and the Company shall
hold
Finder harmless from any and all liability, expenses or claims arising from
the
disclosure or use of such information.
6.
Applicable
Law.
This
Agreement is governed by and construed under the laws of the State of
California, and any action brought by either party against the other party
to
enforce or interpret this Agreement shall be brought in an appropriate court
of
such State in San Diego. In the event of any such action, the prevailing party
shall recover all costs and expenses thereof, including reasonable attorney's
fees from the losing party.
7.
Notices.
Any
notice, request, instruction or other document to be given under this Agreement
by either party to the other party shall be in writing and (a) delivered
personally; (b) sent by telecopy; (c) delivered by overnight express (charges
prepaid); or (d) sent by registered or certified mail, postage
prepaid:
|
If
to Company to:
|
0000 X Xxxxx Xxx | |
| Xxxxx Xxxxxxx 00000 | ||
|
If
to Finder to:
|
Xxxxx Xxxxxx | |
| Boynton Beach Florida | ||
or
at
such other address for a party as shall be specified by like notice. Any notice
which is delivered personally, telecopied or sent by overnight express in the
manner provided in this section 8 shall be deemed to have been duly given to
the
party to whom it is addressed upon actual receipt by such party. Any notice
which is addressed and mailed in the manner herein provided shall be
conclusively presumed to have been given to the party to whom it is addressed
at
the close of business, local time of the recipient, on the third business day
after it is so placed in the mail.
8.
Complete
Understanding.
This
Agreement and the Purchase Agreement constitute the entire agreement and
understanding between the parties and supersedes all prior agreements and
understanding, both written and oral, between the parties hereto with respect
to
the subject matter.
9.
Headings
and Capitalized Terms.
The
headings herein are for convenience only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of its
provisions
10.
Successors
and Assigns.
The
terms
and conditions of this Agreement shall inure to the benefit of and be binding
upon the parties and their respective successors and permitted assigns. Neither
Finder nor Company may assign their rights or delegate their obligations under
this Agreement without the prior written consent of the other.
11.
Modification
and Waiver.
None
of
the terms or conditions of this Agreement may be waived except in writing by
the
party which is entitled to the benefits thereof. No supplement, modification
or
amendment of this Agreement shall be binding unless executed in writing by
Finder and Company. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provision (whether or not
similar) nor shall such waiver constitute a continuing waiver.
12.
Invalid
Provisions.
If
any
provision of this Agreement is held to be illegal, invalid or unenforceable
under present or future laws by any court of competent jurisdiction, such
illegality, invalidity or unenforceability shall not affect the legality,
enforceability or validity of any other provisions or of the same provision
as
applied to any other fact or circumstance and such illegal, unenforceable or
invalid provision shall be modified to the minimum extent necessary to make
such
provision legal, valid or enforceable, as the case may be.
If
the
foregoing correctly sets forth our Agreement, please sign and return the
enclosed copy of this letter.
Sincerely,
__________________________________ss__
(Finder)SS
Xxxxx Xxxxxx
Its:
President
AGREED
TO
AND ACCEPTED AS OF THE DATE HEREOF
(Company)
SiteWorks Inc
By:
_________________________________________
Ss
Carl
Xxxxxxx Xxxxx
Its:
Managing Director
