Exhibit 10.1
May 16, 2005
Xxxxxx X. Xxxxxxxx, Esq.
0000 X 0000 Xx
Xxxx Xxxx Xxxx, Xxxx 00000
Dear Ed,
This letter shall serve as an agreement between you and Park City Group with
respect to how you will be compensated by PCG for legal services rendered by you
during the calendar year 2005. It is agreed that with respect to any outstanding
fees owed to you as of the date hereof or that may be owed throughout the
remainder of the calendar year, you will accept the issuance to you of shares of
the common stock of Park City Group that are unrestricted pursuant to an S-8
registration that PCG will complete prior to issuance, and that you will receive
sufficient shares, so that upon the sale of those shares any amounts owing to
you by PCG will be satisfied.
If you are in agreement with this please indicate by signing below where
indicated.
Sincerely,
/s/ Xxxxxxx Xxxxxxx
Will Xxxxxxx, CFO
Agreed and accepted:
/s/ Xxxxxx X. Xxxxxxxx
-----------------------
Xxxxxx X. Xxxxxxxx, Esq.
