10.1 Consulting Agreement of Xxxxxx XxxXxxxxxx
June 25, 2002
Stampede Worldwide, Inc.
0000 Xxxx Xxxxxxxxx
Xxxxx, XX 00000
Attn: Xxxx Xxxxxxx, CEO
Management and Investor Relations Advisor Contract
Gentlemen:
The purpose of this letter is to confirm the engagement of Xxxxxx
XxxXxxxxxx ("RD") by, Stampede Worldwide, Inc. ("SPWW"). As Stampede
Worldwide, Inc. management advisor.
Section 1: RD will, for the term of this agreement, hold itself
available to Stampede Worldwide, Inc. in:
A) Identifying and/or evaluating strategic and financial
transactions;
B) Structuring of acquisitions; and
C) Rendering opinions, if appropriate
D) It is expressly agreed and understood that RD shall not
participate in any fund raising activities for or on behalf of the
Company that would cause lack of compliance.
Section 2: Stampede Worldwide, Inc. shall pay RD as full compensation
and deemed earned on execution of this agreement for the services set
forth in Section 1 above and RD issue pursuant to an effective S-8
registration statement shall accept as full compensation for his
services 350,000 Free Trading Shares.
Additionally, Stampede Worldwide, Inc. shall reimburse RD for all
actual expenses incurred in the performance of his services to Stampede
Worldwide, Inc. It is agreed and understood by the parties hereto that
the fee as stated above sets forth the entire terms under the
Agreement, unless otherwise agreed to by the parties in writing.
Section 3: The compensation hereunder shall not, in any manner be
treated as compensation of Xxxxxxxxxxx Securities, Inc., who is a
market maker of Stampede's stock. Such compensation is personal to RD
solely for the services described herein.
Section 4: The term of this Agreement shall be from the date hereof
until the earlier to occur of one year from the date hereof or the
termination of services set forth in Section 4 hereof.
Section 5: RD's engagement hereunder may be terminated by either
Company or RD at any time, without cause, upon written advise to that
effect to the other party only after four months of the day of
execution of this agreement.
Section 6: This agreement shall be construed in accordance with the
laws of the State of New York.
Section 7: This agreement may be signed in one or more counterparts.
Please confirm the foregoing is in accordance with your understanding
and agreements with RD by signing and returning the duplicate of this
letter enclosed herewith.
Very truly yours,
XXXXXX XXXXXXXXXX
/s/ Xxxxxx Xxxxxxxxxx
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ACCEPTED AND AGREED AS OF
THE DATE FIRST ABOVE WRITTEN
BY:/s/ Xxxx X. Xxxxxxx, Xx.
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President
Stampede Worldwide, Inc.
