EXHIBIT 10.5
Scarlett Investment Group, Inc.
Consulting Agreement
Xx. Xxxx X. Xxxxxx, President
C Square Ventures, Inc.
000 X.X. 00xx Xxxxxx, Xxxxx 000
Xxxx Xxxxx, Xxxxxxx 00000-0000
Dear Xx. Xxxxxx:
This will confirm the terms under which you, Xxxx X. Xxxxxx, President
of C Square Ventures, Inc. (the "Company") have engaged Scarlett Investment
Group, Inc. (the "Consultant") to provide business and financial consulting
services in connection with your potential acquisition of ConSyGen, Inc. (the
"Target"). Scarlett Investment Group, Inc. shall provide advice and guidance
upon request in connection with the foregoing transaction including:
1. Assisting in the evaluation of the financial condition and reviewing
the financial information supplied relating to the business and
financial condition of the Target.
2. Assisting management and counsel in the negotiation of the acquisition
agreement.
3. Assisting in working with the Company's counsel and auditors in
conjunction with the preparation of any documentation in connection
with the transaction referred to above.
4. Assisting management in its due diligence investigation of the Target.
Upon completion of such acquisition Consultant shall be paid a fee of
500,000 free trading shares of the Company's common stock, such shares not being
subject to the proposed reverse stock split of the Company's common stock. Such
shares shall be registered under Form S-8 of the Securities Act of 1933.
The Company agrees that it will reimburse Consultant for actual travel
and other out-of pocket expenses reasonably incurred in connection with the
performances of services thereunder and which have been approved by the Company
in advance in writing.
If the foregoing accurately sets forth the full and complete terms of
our agreement, please so confirm by signing in the place indicated below and
returning to me at which time this shall constitute a legally binding agreement
between you and Scarlett Investment Group, Inc.
The above is confirmed: Yours very truly,
C Square Ventures, Inc. Scarlett Investment Group, Inc.
By:/s/Xxxx X. Xxxxxx By:/s/J.R. Xxxxxxxxx
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Xxxx X. Xxxxxx, President J.R. Xxxxxxxxx, President
Dated: July 10, 1996