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EXHIBIT 10.12
LETTER OF AGREEMENT
This Letter of Agreement sets forth the terms and conditions of the agreement
between Tejas Securities Group, Inc. (Tejas) and Xxxxx Xxxxxxxxxx (Consultant)
concerning Consultant's providing professional consulting services to Tejas.
Consideration
Consultant agrees to provide consulting services on a month to month basis
beginning October 20, 1999. Consultant will be compensated for professional
services at the rate of $12,500.00 per month, or its equivalent in equity or
stock options as agreed by the parties, payable monthly in advance. Consultant
may also be reimbursed for reasonable out-of-pocket expenses incurred in
providing such services.
Execution of this Letter of Agreement in the space provided below indicates
that this Letter of Agreement accurately reflects the agreement between
Consultant and Tejas concerning the matters set forth therein.
Tejas Securities Group, Inc.
By: /s/ [ILLEGIBLE]
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ACCEPTED AND AGREED TO:
/s/ XXXXX XXXXXXXXXX
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Xxxxx Xxxxxxxxxx
Date: 11-1-99
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