EXHIBIT 6.61
CONTRACTUAL AGREEMENT
DATE October 23, 2001
TO: Xxxx Xxxxxx, iQ Power Technology
FROM: Xxxx Xxxx, Xxxx Xxxx & Co., Inc.
Xxxx Xxxx & Co., Inc. is a business and financial Publicity News Placement
Company. It is hired by the present client iQ Power Technology to package, pitch
and place credible, newsworthy feature news stories in national, regional, local
business investment and trade media outlets.
Xxxx Xxxx & Co., Inc. does not reveal when news stories will be published
or aired prior to them being made public. In keeping with our policy of strict
news professionalism, Xxxx Xxxx & Co., Inc. does not accept client company stock
as payment.
Xxxx Xxxx & Co., Inc. uses a nationwide network of research reporters.
These reporters interview client companies and develop news content for news
coverage. Xxxx Xxxx organizes this research into effective news stories for
immediate placement in various news outlets.
Xxxx Xxxx is a Publicist/Press Agent. A Biography of Xxxx Xxxx is enclosed
with this contract.
Xxxx Xxxx & Co., Inc. agrees to advise the client on timely company news
release announcements and in some cases research and write said releases. It
should be clearly understood that all "PR Newswire" fees will be paid for by the
client company. Each subsequent print (newspapers, magazines, etc.) and/or
electronic (TV-radio) placement pick-up of client news release will be
considered a contractual result.
All client contracts are for a twelve month period. There are no
cancellation clauses during this period upon time unless so authorized by Xxxx
Xxxx & Co., Inc. This contract begins November 1, 2001and ends October 31, 2002.
What constitutes a feature news placement result? A feature news placement
can range from a highly visible "quote" in a national financial publication to a
complete 3000 word plus magazine or newspaper profile on the client. A feature
news placement could also be a 30 second news spot on national television or a
full 30 minute interview on a major TV/radio talk show.
Xxxx Xxxx & Co., Inc. also agrees to provide clients with news clips of
original client news stories.
All client companies pay the FIRST and FINAL month fees at the beginning of
the contract period (total $12,000). All subsequent fees are $6,000.00 per
month. All clients are
required to pay fees in either a certified or cashiers check or by bank wire.
The certified/cashiers check must be made out to Xxxx Xxxx & Co., Inc. This
fixed fee is automatically mailed to Xxxx Xxxx & Co., Inc. on the 1st of each
month and payable no later than the 10th of the same month. Xxxx Xxxx & Co.,
Inc. does not invoice.
Client companies are responsible for any court and/or legal expenses
incurred due to nonpayment of agreed upon fees according to fee schedules
outlined in this contract.
Xxxx Xxxx & Co., Inc. requests that all client companies keep the contents
of this contract confidential.
If you are in agreement with the terms of this contract, please sign your
name below and return this copy to Xxxx Xxxx & Co., Inc. along with a certified
or cashiers check or bank wire in the amount of $12,000.00 (payment for the
FIRST and FINAL month fees).
iQ Power Technology Inc. Xxxx Xxxx
---------------------------------- -----------------------------------
Client Xxxx Xxxx President
Xxxx Xxxxxx
----------------------------------
Signature
2
