FINDERS FEE AGREEMENT
Exhibit
10.8
July
23,
2007
DrTattoff,
LLC,
0000
Xxxxxxxx Xxxx
Xxxxxxx
Xxxxx XX 00000
Attn:
Xxxxx Xxxxx
This
letter will serve as the agreement (“Agreement”) between Xxxxxx
Xxxxx Securities, a
Florida
Corporation (“Finder”), with its principal place of business at 000 X. Xxxxxxx
Xxxxxxx, Xxxxx 000, Xxxx Xxxxx, XX 00000 and Dr.
Tattoff, LLC,
a
California corporation (the “Company”) with its principal place of business at
0000 Xxxxxxxx Xxxx.,
Xxxxxxx
Xxxxx, XX 00000xxxx respect to the subject matter hereto.
On
Seller’s behalf, Finder has located various individuals and entities, (the
“Prospective Purchasers”) for the purpose of purchasing the Company’s
convertible notes. In consideration of Finder’s efforts in locating the
Prospective Purchaser, the Company will pay to Finder, simultaneous with the
closing of any such purchase, a cash fee equal to ten percent (10%) of the
amount of any and all monies (and/or the corresponding value of any non-cash
consideration) paid or to be paid by the Prospective Purchaser to the Company
for the Shares, as well as issue to the Finder warrants equal to Ten percent
(10%) of the value of the transaction between the Company and the Prospective
Purchaser (the “Finder’s Fee”). The Warrants shall contain customary terms,
including, but not limited to, demand and piggyback registration rights, and
cashless exercise provisions. Notwithstanding the foregoing, the Seller will
pay
no compensation to Finder of any kind with respect to any purchaser source
solely by the Seller.
There
is
no relationship of partnership, agency, employment, franchise or joint venture
between the parties - neither party has the authority to bind the other or
incur
any obligation on its behalf. Seller hereby acknowledges that Finder acts solely
as a finder in connection with the contemplated sale of the Shares and not
as a
placement agent or underwriter. Furthermore, the Company is relying on its
own
investment advisors and/or legal counsel in connection with any transaction
contemplated by this Agreement.
If
you
are in agreement with the foregoing, please execute and return one copy of
this
Agreement to Finder.
Sincerely,
Xxxxxx
Xxxxx Securities
By:
/s/ Xxxxxx
Xxxxxx
Name: Xxxxxx
Xxxxxx
Title:
President
Agreed
to
and accepted this 25th day of July, 2007.
Dr.
Tattoff., LLC
By:
/s/ Xxxxx
Xxxxx
Name: Xxxxx
Xxxxx
Title: Chief
Executive Officer
