AGREEMENT
Exhibit
10.2
AGREEMENT
dated this 22nd day of May 2005, by and between SOMEBOX, Inc. (hereinafter
“SOMEBOX”), a Delaware Corporation, with offices located at54 Xxxxxx Xxxxxx,
0xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000, Xxxxxx Xxxxx, President of SOMEBOX and Xxxx X. Xxxxx,
P.C., counsel to SOMEBOX, with offices located at 000 Xxxxx Xxxxxx, Xxx Xxxx,
Xxx Xxxx.
WHEREAS,
SOMEBOX
is about to file a Registration Statement with the United States Securities
and
Exchange Commission (hereinafter the “SEC”) on Form SB-2 which Registration
Statement indicates in Part II, Item 25, offering expenses totaling Sixty Five
Thousand ($65,000) Dollars of which Fifty Thousand ($50,000) Dollars are
indicated as legal fees and expenses; and
WHEREAS,
SOMEBOX
has agreed to pay all such costs as and when necessary and required, or to
otherwise accrue such costs on its books and records until it is able to pay
the
full amount due, either from revenues or loans from its President.
NOW,
THEREFORE,
it is
herewith agreed as follows: Absent sufficient revenues to pay these amounts
within three (3) months of the date of the SOMEBOX prospectus, SOMEBOX’s
President agrees to loan SOMEBOX the funds to cover the balance of outstanding
professional and related fees relating to SOMEBOX’s prospectus. If and when
loaned, the loan will be evidenced by a non-interest bearing unsecured corporate
note to be treated as a loan until repaid, if and when SOMEBOX has the financial
resources to do so. Xxxx X. Xxxxx, P.C., SOMEBOX’s counsel, by signing this
Agreement, agrees in full to defer his legal fee in the manner set forth in
this
Agreement.
The
parties hereto understand that the above constitutes a binding Agreement and
that the contents thereof are referred to in the aforesaid Registration
Statement, in the subheading entitled “Liquidity” as found in the Management’s
Discussion and Analysis or Plan of Operation section.
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The
above
constitutes the entire Agreement between the parties hereto.
IN
WITNESS WHEREOF,
the
parties hereto have caused this Agreement to be executed as of the 22nd day
of
May 2005.
/s/
Xxxxxx Xxxxx
By:
________________________________
Xxxxxx
Xxxxx, President
/s/
Xxxxxx Xxxxx
By:
_________________________________
Xxxxxx
Xxxxx, Individually
XXXX
X.
XXXXX, P.C.
/s/
Xxxx
X. Xxxxx
By:
_________________________________
Xxxx
X.
Xxxxx, President
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