EXHIBIT 10.3
HB
XXXXXX XXXXXXX ASSOCIATES, INC.
0 Xxxx 00xx Xxxxxx, Xxx Xxxx, XX 00000 / (000) 000-0000
Fax / (000) 000-0000
June 22, 2001
Xx. Xxxxxx X. Xxxxxx
Chairman
0000 Xxxxxxxx Xxxx
Xxxxx 00X
Xxxxxxxx, XX 00000
Dear Xxx:
Pursuant to the signing of this agreement, Xxxxxx Xxxxxxx Associates shall
assist Homes By Owners Inc. in their funding efforts, and in arranging for a
market for the stock and subsequent broker sponsorship. Our program shall be for
a period of three months, commencing, July 1, 2001. Our fee for this effort will
be $2,500 per month, and a total of $10,000 worth of stock for the entire 90-day
program to be held in escrow and issued to me at the time the Company begins
trading.
In the event we are successful in achieving a funding, Xxxxxx Xxxxxxx Associates
shall be entitled to receive 4% of the gross proceeds of the financing, if the
offering is completed through any source introduced to the Company by Xxxxxx
Xxxxxxx Associates.
If the foregoing sets forth our agreement, please sign and return the enclosed
copy, along with a check for the initial retainer of $2,500.
We look forward to a mutually rewarding relationship.
Sincerely,
/s/ Xxxxxx
Xxxxxx X. Xxxxxxx
Agreed to and Accepted By: Xxxxxx X. Xxxxxx Date: 6/25/01
------------------------- -----------
Xx. Xxxxxx X. Xxxxxx
Chairman
Homes By Owners, Inc.
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