CURRENT CAPITAL CORP. SUITE 200, 47 AVENUE ROAD TORONTO, ONTARIO M5R 2G3
CURRENT CAPITAL CORP.
XXXXX 000, 00 XXXXXX XXXX
XXXXXXX, XXXXXXX X0X 0X0
April 1, 2003
Xx. Xxxxxxx Xxxxxxxx
Chief Executive Officer
Xxxxxxxxx.xxx Inc.
00 Xxxxxx Xxxx, Xxxxx 000
Xxxxxxx, Xxxxxxx X0X 0X0
Dear Xx. Xxxxxxxx:
This letter confirms the terms of the agreement (“Agreement”) between Bontan Corporation Inc. (“Corporation”) and Current Capital Corp. (“CCC”).
1.
Recitals.
The Corporation has agreed to engage CCC as an independent contractor and consultant to provide Media Relations service solutions to the Corporation, and CCC has agreed to provide these services to the Corporation, subject to the terms and conditions described in this letter.
2,
Terms.
The initial term of the engagement is for a period of 12 months from the date of this letter. This agreement will be automatically renewed at the end of the initial term for an additional 12 months. Either party may cancel this Agreement by delivering a 30-day written notice.
3.
Services.
CCC will provide to the Corporation the following Investor Relations service solution package:
Media Relations
Media Relations Marketing Strategy Overview written on a Quarterly Basis and Reviewed Respectively
Interest development, stewardship and ongoing opportunities researched, developed and implemented with targeted media sources consistent with the Corporation’s media marketing strategy
Ongoing inbound/outbound correspondence and email communications relevant to media relations as well as daily updates surrounding news from the Corporation will be updated on CCC’s website
Communications
News Releases; writing and content development
Profile Page: a 1-2 page supplement for both Investor Relations and Media Relations
Coordination for all levels of online, press, television and radio interviews
Assistance in Press and IR packages and will include content development
Phone, e-mail and fax exposure to journalists and editors of financial newspapers, magazines, newsletters, websites, trade publications, etc.
Development and monitoring of online discussion forums
Introduction to 3rd Party Management Conference Call/Webcast Opportunities
CCC will provide the Corporation with monthly updates that represent the media relation’s activity
Regular distribution to the subscribers of the Current Capital News newsletter, all-corporate announcements and earnings announcements of the Corporation inclusive
Financial Marketing Programs
Introduction to Sponsored Newsletter Writers
Introduction to Sponsored Analyst Reports
Expansion of Internet Marketing Initiatives (as budget permits)
Coordination and Management of Print Marketing Opportunities (as budget permits)
4.
Costs.
The Corporation will be responsible for all printing and distribution, press release and/or advertising costs recommended by CCC. The Corporation will also be responsible for all travel related costs incurred by CCC when providing its services as determined by CCC when pre-approved and prepaid by the Corporation. An additional 15% administration cost will be included on the development and implementation of special events presentations subject to pre-approval.
5.
Compensation for Services. The Corporation will pay CCC a monthly fee of USD$5,000.00, plus applicable taxes, on signing and on the 1st (first) of every month thereafter.
Please sign this Letter of Agreement in the space provided below to indicate your agreement with the terms stated in this letter.
Sincerely,
CURRENT CAPITAL CORP.
By: /s/Xxxxxx Xxxxxxx
President
AGREED AND ACCEPTED
XXXXXXXXX.XXX
By: /s/Xxxxxxx Xxxxxxxx
Chief Executive Officer
