OBERON SECURITIES
Exhibit
10.84
OBERON
SECURITIES
November
15, 2005
Xx.
Xxx Xxxxxxxxx
Xfone,
Inc.
Britannia
House
000
Xxxx
Xxxx
London,
N12 9RY
United
Kingdom
Fees
Due to Oberon Securities, LLC from Xfone, Inc. in connection with past services
and certain transactions
Dear
Xx.
Xxxxxxxxx:
This
letter serves as a negotiated agreement of all remaining fees due to Oberon
Securities, LLC (“Oberon”) from outstanding retainer payments through the end of
November 2005, non-cash M&A fees related to the acquisition of WS Telecom,
Inc. (for purposes of clarity this does not include fees due to Oberon from
either I-55 Telecommunications, LLC. or I-55 Internet Services, Inc. which
shall
be paid upon the closing of those respective transactions), and warrants due
from the financial advisory services provided by Oberon to Xfone, Inc. in
conjunction with fundraising from Laurus Master Fund, Ltd., Crestview Capital
Master, LLC, Burlingame
Equity Investors, LP, Burlingame Equity Investors II, LP, and Burlingame Equity
Investors (Offshore), Ltd.
The
following reflects the agreement between the parties with respect to total
and
final consideration due to Oberon pursuant to the Finders Agreement and the
Financial Consulting Agreement between the parties for said services /
transactions:
Common
Shares - $105,000 “Market Value” - defined below
Warrants
- 245,000 5-year warrants @ $3.15 strike price
For
purposes of this letter agreement, the common shares will be delivered to Oberon
within 7 calendar days of the effectiveness of the covering registration
statement (or at any earlier time as may be requested by Xxxxxx). The specific
number of common shares granted to Oberon on that date shall be equal to (a)
the
“Market Value” of the shares of common stock due to Oberon; divided by (b) the
average closing price per share from the three trading days after the date
the
“resale” registration statement including such shares has been declared
effective by the SEC (with such average price from this section (b) subject
to a
ceiling of $4.00 per share and a floor of $2.00 per share).
I
look
forward to continuing to work with Xfone on its financing and M&A
needs.
Best
regards,
/s/
Xxxx Xxxxxxxxxx
Xxxx
Xxxxxxxxxx
Agreed
to
by:
/s/
Xxx Xxxxxxxxx
Xxx
Xxxxxxxxx
Xfone,
Inc.
Chief
Executive Officer