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EXHIBIT 4
FINDER'S FEE AGREEMENT
THIS FINDER'S FEE AGREEMENT (this "Agreement") is entered into between
NORTON X. XXXXX, TRUSTEE OF THE XXXXXXXXX XXXX XXXXX ADULT TRUST #2, XXXXXXX
XXX XXXXX ADULT TRUST #2 AND XXXXXXXX XXXXX KARNO ADULT TRUST #2 (collectively
the "Karno Trusts"), XXXXXX X. XXXXXXXXX AND XXXXXXX XXXX XXXXXXX
(collectively, "Xxxxxxxxx" and together with the Karno Trusts, the "Owners")
and XXXXXX XXXXX AND XXXXXXX XXXXXXX (collectively, "Finders") as follows:
1. Finders introduced Owners to Radius, Inc., a NASDAQ traded company
("Radius") and Owners acquired an option to purchase 3,600,000 (Owners' net
share of 3,999,901 shares) shares of Radius and a Warrant for 50,000 shares of
Radius (the "Warrant").
2. Owners exercised said option and purchased said Radius shares and
acquired the Warrant on December 2, 1997.
3. Owners agree to pay Finders a Finder's Fee of $64,800 in accordance
with EXHIBIT A attached hereto concurrently with the execution of this
Agreement. This Fee fully compensates Finders for any and all services
provided to Owners in relation to Owners' purchase of said Radius shares and
the Warrant.
4. Owners agree to pay as an additional Finder's Fee, on December 2 of
each year, commencing December 2, 1998, and continuing only so long as both
owners and Finders continue to own their respective Radius shares, an annual
Fee of 1% of the December 2 value in said respective year of however many
Radius shares Owners own of said 3,600,000 shares. Said Fee is herein pledged
to pay any interest that is concurrently due to Owners or any of them on loans
owed by Finders to Owners.
5. This Agreement will be governed by the laws of the State of Florida.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
this 2nd day of December, 1997.
[SIGNATURES FOLLOW ON NEXT PAGE]
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OWNERS:
/s/ Norton X. Xxxxx
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Norton X. Xxxxx, Trustee of Xxxxxxxxx
Xxxx Xxxxx Adult Trust #2
/s/ Norton X. Xxxxx
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Norton X. Xxxxx, Trustee of Xxxxxxx
Xxx Xxxxx Adult Trust #2
/s/ Norton X. Xxxxx
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Norton X. Xxxxx, Trustee of Xxxxxxxx
Xxxxx Karno Adult Trust #2
/s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
/s/ Xxxxxxx Xxxx Xxxxxxx
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Xxxxxxx Xxxx Xxxxxxx
FINDERS:
/s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx
/s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
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EXHIBIT A
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Owner Paying Xxxxxx Xxxxx Xxxxxxx Xxxxxxx Total
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Xxxxxxxxx Xxxx Xxxxx Adult Trust #2 $ 6,480 $ 4,320 $ 10,800
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Xxxxxxx Xxx Xxxxx Adult Trust #2 6,480 4,320 10,800
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Xxxxxxxx Xxxxx Xxxxx Adult Trust #2 6,480 4,320 10,800
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Subtotal-Karno Trusts 19,440 12,960 32,400
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Xxxxxx X. Xxxxxxxxx and Xxxxxxx Xxxx Xxxxxxx 19,440 12,960 32,400
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Total $ 38,880 $ 25,920 $ 64,800
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