EXHIBIT 4.1
[iExalt INC. LETTERHEAD]
June 14, 2001
Xx. Xxxxx Xxxxxxx
Tensor Technologies, Inc.
000 Xxxxxxxx Xxxxx
Xx. Worth, TX 76126
Re: Letter Agreement / Consideration for Consulting Services
Dear Xx. Xxxxxxx:
This letter documents the agreement that we have negotiated. From the period of
June 14, 2001 to June 13, 2003, with renewal options on an annual basis
thereafter. Xx. Xxxxxxx will provide significant services to iExalt, Inc. (the
"Company") related to the following: Xxxxx Xxxxxxx shall provide consulting and
advisory services to iExalt towards developing iExalt's technology plan to
accomplish its strategic and business plans and integrate the Company's business
operations. The time, attention and consulting services to be devoted by Xx.
Xxxxxxx is expected to be significant.
As such, our Board of Directors has approved the grant of 1,400,000 shares of
the Company's common stock, par value $.001 per share, as consideration for your
services in addition to any other prior approved out of pocket fees due under
the Consulting Agreement. Pursuant to our negotiations, the Company has agreed,
on a best efforts basis, to seek registration of the shares underlying this
agreement using a registration on Form S-8.
Please signify your agreement to this fee structure by signing below and fax and
mail such executed letter to the Company at the address noted above. Thank you
again for your efforts and we look forward to a continued relationship.
Sincerely,
/s/ XXXXXX X. XXXXXXX
Xxxxxx X. Xxxxxxx
Chairman/CEO
ms
ACCEPTED AND AGREED TO:
/s/ XXXXX XXXXXXX
--------------------------------------
XXXXX XXXXXXX
[iExalt INC. LETTERHEAD]
June 21, 2001
Xx. Xxx Xxxxxx
XX Xxxxxx Holdings, Inc.
000 Xxxxxxxx Xxxxx
Xx. Worth, TX 76126
Re: Letter Agreement / Consideration for Consulting Services
Dear Xx. Xxxxxx:
This letter documents the agreement that we have negotiated. From the period of
June 14, 2001 to June 13, 2003, with renewal options on an annual basis
thereafter. Xx. Xxxxxx will provide significant services to iExalt, Inc. (the
"Company") related to XX Xxxxxx Holdings shall provide consulting and advisory
services in assistance with debt consolidation and cash-flow planning and assist
in negotiations with creditors.
The time, attention and consulting services to be devoted by Xx. Xxxxxx is
expected to be significant.
As such, our Board of Directors has approved the grant of 1,800,000 shares of
the Company's common stock, par value $.001 per share, as consideration for your
services in addition to any other prior approved out of pocket fees due under
the Consulting Agreement. Pursuant to our negotiations, the Company has agreed,
on a best efforts basis, to seek registration of the shares underlying this
agreement using a registration on Form S-8.
Please signify your agreement to this fee structure by signing below and fax and
mail such executed letter to the Company at the address noted above. Thank you
again for your efforts and we look forward to a continued relationship.
Sincerely,
/s/ XXXXXX X. XXXXXXX
Xxxxxx X. Xxxxxxx
Chairman/CEO
ms
ACCEPTED AND AGREED TO:
/s/ XXX XXXXXX
-------------------------------------------
XXXXXXX X. XXXXXX, XX Xxxxxx Holdings, Inc.
[iExalt INC. LETTERHEAD]
June 21, 2001
Xx. Xxxx Xxxxx
Cresson Investments, Inc.
000 Xxxxxxxx Xxxxx
Xx. Worth, TX 76126
Re: Letter Agreement / Consideration for Consulting Services
Dear Xx. Xxxxx:
This letter documents the agreement that we have negotiated. From the period of
June 14, 2001 to June 13, 2003, with renewal options on an annual basis
thereafter. Xx. Xxxxx will provide significant services to iExalt, Inc. (the
"Company") related to :
1. Xxxx Xxxxx shall provide consulting and advisory services for rationalization
of subsidiary structure and divestiture of lines of business.
2. Xxxx Xxxxx shall provide business development, and advisory services
concerning rationalization of personnel post-divesture consolidation and
related compensation issues.
The time, attention and consulting services to be devoted by Xx. Xxxxx is
expected to be significant.
As such, our Board of Directors has approved the grant of 1,800,000 shares of
the Company's common stock, par value $.001 per share, as consideration for your
services in addition to any other prior approved out of pocket fees due under
the Consulting Agreement. Pursuant to our negotiations, the Company has agreed,
on a best efforts basis, to seek registration of the shares underlying this
agreement using a registration on Form S-8.
Please signify your agreement to this fee structure by signing below and fax and
mail such executed letter to the Company at the address noted above. Thank you
again for your efforts and we look forward to a continued relationship.
Sincerely,
/s/ XXXXXX X. XXXXXXX
Xxxxxx X. Xxxxxxx
Chairman/CEO
ms
ACCEPTED AND AGREED TO:
/s/ XXXX XXXXX
--------------------------------------
Xxxx Xxxxx, Cresson Investments, Inc.
