AGREEMENT
AGREEMENT
AGREEMENT dated this 30th day of July 2012, by and between E C CONSULTING INTERNATIONAL, INC. (hereinafter “ECC”), a Nevada Corporation, with offices located at Xx Xxxxxxxxx 00, XX-0000 Xxxxx, Xxxxxxxxxxx, Xx. Xxxx-Xxxxxx X. Xxxxxx, President of ECC. and Xxxxx X. Xxxxxxx, counsel to ECC, with offices located at 0000 Xxxxx Xxxxx Xxxx, Xxxxx Xxxxxx, Xxx Xxxx 00000.
WHEREAS, ECC is preparing to file a Registration Statement with the United States Securities and Exchange Commission (hereinafter the “SEC”) on Form S-1 which Registration Statement indicates in Part II, Item 13, offering expenses approximating $45,000 of which $30,000) dollars are indicated as legal fees and expenses; and
WHEREAS, ECC has agreed to pay all such costs as and when necessary and required, or to otherwise accrue such costs on its books and records until it is able to pay the full amount due, either from revenues or loans from its President, the latter solely if she has the resources to pay on behalf of EBS at that time.
NOW, THEREFORE, it is herewith agreed as follows: Absent sufficient revenues to pay these amounts within six (6) months of the date of the ECC’s prospectus, its President agrees to loan EBS the funds to cover the balance of outstanding professional and related fees relating to ECC’s prospectus if the professionals involved insist on cash payments, such loan conditioned upon ECC’s President having the necessary resources to make such loan when or if funds are necessary therefore. If and when loaned, the loan will be evidenced by a non-interest bearing unsecured corporate note to be treated as a loan until repaid, if and when ECC has the financial resources to do so. Xxxxx X. Xxxxxxx, ECC’s counsel, by signing this Agreement agrees in full to defer his legal fees in the manner set forth in this Agreement.
The parties to this Agreement understand that the above constitutes a binding Agreement and that the contents thereof are referred to in the aforesaid Registration Statement of which the prospectus is a part.
The above constitutes the entire Agreement between the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the 8th day of October 2010.
E C CONSULTING INTERNATIONAL, INC.
By: /s/ XX. XXXX-XXXXXX X. XXXXXX
Xx. XXXX-XXXXXX X. XXXXXX, PRESIDENT
By: /s/ XX. XXXX-XXXXXX X. XXXXXX
Xx. XXXX-XXXXXX X. XXXXXX, INDIVIDUALLY
By: /s/ XXXXX X. XXXXXXX
XXXXX X. XXXXXXX
