LAKOTA
ENERGY INC.
June 4, 1999
Xx. Xxxxx X. Xxxxx
Market Strategies
0000 Xxxxxx Xx.
Xxxxxxxx, XX 00000
Re: Contract for Investor Relations/Financial Public Relations Services
Lakota Energy, Inc. wishes to retain Market Strategies to perform
Investor Relations related functions for Lakota in the United States
and Canada. The term covered by this Contract shall be four (4)
months beginning with May and running through August, 1999. The
amount of compensation shall be $4,000.00 per month for a total of
$16,000.00 over the entire term. This monthly compensation shall be
inclusive of any and all expenses for telephone, faxes, postage, etc.
In addition to the above, the following Performance Compensation
Schedule is hereby made part of this Contract:
When Xxxxxx's common stock closes at a price of $.50 or higher for
five (5) consecutive trading days, Lakota will instruct the transfer
agent to issue Market Strategies 50,000 restricted common shares of
Lakota stock;
When Xxxxxx's common stock closes at a price of $.75 or higher for
five (5) consecutive trading days, Lakota will instruct the transfer
agent to issue Market Strategies 50, 000 restricted common shares of
Lakota stock;
When Lakota's common stock closes at a price of $1.00 or higher for
five (5) consecutive trading days, Lakota will instruct the transfer
agent to issue Market Strategies 50,000 restricted common shares of
Lakota stock.
When Xxxxxx's common stock closes at a price of $1.25 or higher for
five (5) consecutive trading days, Lakota will instruct the transfer
agent to issue Market Strategies 100,000 restricted common shares of
Lakota stock.
All of the above stock so issued will come with "piggyback
registration rights" to be included in any Registration Statement
undertaken by Lakota Energy, Inc.
Any extension of the terms of this Contract beyond August, 1999 must
be negotiated and mutually agreed upon between the parties prior to
any such extension.
/s/Xxx Xxxxxxxx 6-4-99 /s/Xxxxx X Xxxxx 6/5/99
Xxx Xxxxxxxx Date Xxxxx X. Xxxxx Date
Lakota Energy, Inc. Market Strategies
