Exhibit 10.2
AGREEMENT
AGREEMENT dated this first day of October 2004, by and between Creative
Solutions With Art, Inc. (hereinafter "CSA"), a Nevada Corporation, with offices
located at 00X Xxxxxx Xxxxxxx Xxxx, Xxxxx Xxxxxx, XX. 01075, Xxxxx Xxxxxx,
President of CSA and Xxxx X. Xxxxx, P.C., counsel to CSA, with offices located
at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx.
WHEREAS, CSA has filed 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
Fifty Six Thousand One Hundred Seven Dollars and Sixty Cents ($56,107.60) of
which Forty Five Thousand ($45,000) Dollars are indicated as legal fees and
expenses; and
WHEREAS, CSA 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 CSA
prospectus, CSA's President agrees to loan CSA the funds to cover the balance of
outstanding professional and related fees relating to CSA'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 CSA has the
financial resources to do so.
The parties hereto understand that the above constitutes a binding
Agreement and that the contents thereof are referred to in the aforesaid
Registration Statement, both in Risk Factor number 2 and in the subheading
entitled "Liquidity" as found in the Management's Discussion and Analysis or
Plan of Operation section.
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 1st day of October 2004.
CREATIVE SOLUTIONS WITH ART, INC.
/s/ Xxxxx Xxxxxx
By: ________________________________
Xxxxx Xxxxxx, President
/s/ Xxxxx Xxxxxx
By: _________________________________
Xxxxx Xxxxxx, Individually
XXXX X. XXXXX, P.C.
/s/ Xxxx X. Xxxxx
By:_________________________________
Xxxx X. Xxxxx
