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Exhibit 6.2
Attorney Disclosure and Special Relationship Agreement
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Snohomish Equity Corporation FORM 10-SB July 15, 1999 Sequential Page 44
ATTORNEY DISCLOSURE AND
SPECIAL RELATIONSHIP AGREEMENT
Xxxxxxx Xxxxxxx
ATTORNEY AT LAW
This Agreement is made by and between INTREPID INTERNATIONAL, LTD., a Nevada
Corporation, (hereafter "Intrepid"), and SNOHOMISH EQUITY CORP. a Nevada
Corporation, (hereafter "Intrepid-Client"), and XXXXXXX XXXXXXX, Intrepid's
General Counsel, and dated January 1, 1999. In consideration of the mutual
promises contained herein, and on the terms and conditions herein set forth, the
parties agree as follows:
A. SUMMARY.
Snohomish Equity Corp. has employed Intrepid International, Ltd. to perform
certain financial services to Client, some of which services are to be provided
for Client, and in the Client's name, by attorneys with established and
continuing relationship to Intrepid. The purpose of this agreement is to provide
full written disclosure, and to define special character of both the ostensible
and actual relationships between the parties.
XXXXXXX XXXXXXX is actually General Counsel of Intrepid International, Ltd.
XXXXXXX XXXXXXX will be authorized by this agreement to act as ostensible
Special Securities Counsel for Snohomish Equity Corp..
B. RECITALS
1. Intrepid Retainer Agreement. Intrepid International, Ltd. is or will be
hereby retained as financial services consultants for the Intrepid-Client,
pursuant to that certain FINANCIAL SERVICES CONSULTING AGREEMENT of even
date herewith. Among the services contemplated to be provided by that
Agreement are the services of its General Counsel XXXXXXX XXXXXXX, attorney
at law, as Special Securities Counsel for the Intrepid-Client.
2. Intrepid General Counsel. Xxxxxxx Xxxxxxx, attorney at law, is General
Counsel to Intrepid, first and foremost and always, and this paramount
status and relationship has been and is hereby fully disclosed, in
connection with the Intrepid-Client's consideration of the potential
services of Xxxxxxx Xxxxxxx as Special Counsel with Limited Authority, in
connection with, and only in connection with the services requested and
agreed to between Intrepid and the Intrepid-Client.
Snohomish Equity Corporation FORM 10-SB July 15, 1999 Sequential Page 45
3. Definition of "Special Counsel with Limited Authority". As used in this
Attorney Disclosure Agreement, this expression shall have the following
meaning, consistently and without exception: Intrepid General Counsel is
authorized, where appropriate to employ the designation "Special Counsel"
or "Special Securities Counsel" for the Intrepid-Client, in connection
with, and only in connection with services to and for the Intrepid-Client
requested by the Intrepid-Client to be performed by Intrepid pursuant to
the FINANCIAL SERVICES CONSULTING AGREEMENT of even date herewith. Intrepid
General Counsel, as between such Counsel and the Intrepid-Client, is not
Intrepid- Client's Counsel, nor counsel to the Intrepid-Client generally,
or in any other manner than specified in this definition. Special Counsel
will not take action which is not authorized by the Intrepid-Client nor
represent to any person any general authority to speak for or bind the
Intrepid-Client in any manner."
4. Intrepid-Client's right to decline the relationship. The Intrepid-Client
has been informed, and is informed hereby, that the Intrepid-Client is not
required to join in the special relationship disclosed and defined herein.
Intrepid-Client may employ or require its own counsel or independent
counsel for any and all purposes at its expense and in addition to its
obligations to Intrepid. The Intrepid-Client is advised to retain its own
counsel, as appropriate, to review and advise the Intrepid-Client as to any
matter arising from its relationship to Intrepid or Intrepid's Counsel.
5. Management's Preference. It is the desire of sophisticated management
that the unnecessary expense of cumulative counsel with respect to purely
technical matters is not warranted, necessary or appropriate, with respect
to the limited authority and scope of the Special Counsel relationship, as
defined, and that no conflict of interest exists or is likely to arise from
the strict and precise observance of that relationship as defined.
Accordingly management understands, accepts and affirmatively requests such
an arrangement.
C. SPECIAL COUNSEL AGREEMENT
1. Special Counsel. The Intrepid-Client and Intrepid Counsel hereby agree
and adopt that special technical relationship of Special Counsel with
Limited Authority as defined hereinabove, for the sole and separate purpose
of allowing Intrepid Counsel to perform services appropriate to the
services of Intrepid requested by the Intrepid-Client.
2. Xxxxxxxx. Special Counsel (Intrepid's Counsel) shall invoice and xxxx
applicable time and services to Intrepid, separately with respect to
matters applicable to this Intrepid-Client. Time shall be billable at
$250.00/hr, and such incidental secretarial services shall be billable at
$85.00/hr, as may be reasonably and necessarily performed by its secretary.
Additional services may
Snohomish Equity Corporation FORM 10-SB July 15, 1999 Sequential Page 46
be performed by subcontractor attorneys, subject to arrangements approved
by the Intrepid-Client in advance. Intrepid shall be responsible, as
between Intrepid and its counsel, for the compensation and discharge of its
Counsel's xxxxxxxx. Intrepid shall include Counsel's segregated xxxxxxxx
along with its own, and, as between Intrepid and the Intrepid-Client, the
Intrepid-Client shall be responsible to Intrepid for the total of its own
and Counsel's xxxxxxxx.
3. Termination. The terms of this agreement may be terminate by either
Intrepid-Client or Special Counsel at any time upon written or other
reasonable notice to the other.
4. Miscellaneous This agreement sets forth the entire agreement and
understanding between the parties and supersedes all prior discussions,
agreements and understandings, if any, of any and every kind and nature,
between them. This agreement is made and shall be construed and interpreted
according to the laws of the Intrepid-Client's place of Incorporation if
that be Nevada or Texas, and if not, pursuant to the laws of the State of
Nevada.
Accordingly the parties cause this agreement to be signed by their duly
authorized representative, as of the date written below.
Intrepid International, Ltd.
by
Xxx Xxxxxxx Xxxxxxx Xxxxxxx
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Xxx Xxxxxxx, U.S. Authorized Representative Xxxxxxx Xxxxxxx
attorney at law
The above is understood and agreed to and I state under the penalties of perjury
that I am authorized to execute this letter agreement:
Snohomish Equity Corp.
Date: January 1, 1999 By: Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx, President
Snohomish Equity Corporation FORM 10-SB July 15, 1999 Sequential Page 47
