EXHIBIT 10.73
FEE AGREEMENT
This FEE AGREEMENT (this "Agreement") made as of this 24th day of April 2001 is
by and between iiGroup, Inc., a Delaware corporation, with its principal place
of business at 0000 X. Xxxxxxxx Xxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000,
and Xxxxxxx X. Xxxxxx, with his principal place of business at 0000 X. Xxxxxxxx
Xxxx Xxxx, Xxxx Xxxxx, Xxxxxxx 00000, ("Karsch").
R E C I T A L S:
- - - - - - - -
The Company is a public company with a class of equity securities publicly
traded, and desires to retain Karsch to provide certain consulting services.
Karsch desires to provide certain legal services to the Company in accordance
with the terms and conditions contained hereinafter.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the
parties hereto hereby agree as follows:
1. LEGAL SERVICES. During the term of this Agreement, Karsch is hereby retained
by the Company to provide legal services to the Company. Karsch shall provide
such services as reasonably requested by the Company during the term of this
Agreement, provided that nothing hereunder shall require Karsch to devote a
minimum number of hours per calendar month toward the performance of services
hereunder.
2. TERM. The term of this Agreement shall be for one year commencing as of the
date first written above and terminating one day prior to the first anniversary
hereof; provided, however, that this Agreement shall be renewable for subsequent
one year terms, by mutual agreement of the parties in writing, at least thirty
(30) days prior to the expiration of the then current term.
3. COMPENSATION. In consideration for the performance of services hereunder, the
Company hereby agrees to pay Karsch the aggregate sum of 500,000 shares of the
Company's common stock as compensation for the term of this Agreement within 30
days of the execution of this Agreement. The Company hereby agrees to pay on a
pre-approval basis reasonable expenses incurred by Karsch in connection with
such services to be rendered hereunder. Karsch may, from time to time, deem it
to be in the best interests of the Company to retain additional counsel in
connection with certain specific transactions or other matters. In such event,
the Company hereby agrees to pay any and all fees and expenses of such counsel.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
KARSCH: COMPANY:
/s/ Xxxxxxx X. Xxxxxx By: /s/Xxxxxx Xxxxxxx
----------------------- -----------------
Xxxxxxx X. Xxxxxx Xxxxxx Xxxxxxx/President
