Hawk Associates, Inc. Key Largo, FL 33037 Tel: (305) 852-2383 Fax: (305) 852-2378
EXHIBIT
10.4
Hawk
Associates, Inc.
000
Xxxxxxxx Xxxx
Xxx
Xxxxx, XX 00000
Tel:
(000) 000-0000
Fax:
(000) 000-0000
Xxxxx
X.
Xxxxxxx. Jr. Chief Executive Officer
Xxxxx
X.
Xxxxxxxx, President
Info@
xxxxxxxxxxxxxx.xxx
AGREEMENT
made as of August 1, 2005 (the “Effective Date”) between Hawk
Associates. Inc.,
a
Florida investor relations firm having its place of business at 000 Xxxxxxxx
Xxxx, Xxx Xxxxx, XX 00000 (hereinafter referred to as “Hawk”) and IQ
Micro
with an
address at 000 Xxxxxxxxxx Xxxxxx Xxxxx, Xxxxx, 000, Xxxx Xxxx Xxxxx, XX 00000
(herein after referred to as the “Company”).
WITNESSETH:
WHEREAS,
Hawk is engaged in the business of providing company identity, investor
relations, financial media relations arid other appropriate consulting and
advisory services; and
WHEREAS,
the Company is desirous of entering into an agreement utilizing Hawk services
and expertise; and
WHEREAS,
the Company desires to accept such a relationship upon the terms and conditions
hereinafter set forth;
NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein
contained, it is agreed as follows:
1. The
Company desires to retain the services of Hawk as an independent contractor
to
provide company identity, investor relations consulting and advisory services
in
numerous areas and Hawk desires to accept such engagement by Company, pursuant
to the terms and conditions of this Agreement. These areas include providing
the
following services, but are not limited to:
·
|
Development
of a complete identity package that will include a company logo,
stationery, business cards and other appropriate
materials.
|
·
|
Development
of an Investor/Media Relations Wall Street Branding
Strategy.
|
·
|
Regular
exposure on a Hawk investor-oriented website. Company has the unrestricted
rights to link to the Hawk websites from its
website.
|
·
|
Creation
and Regular Updating of Investment
Profiles.
|
·
|
Hawk
Associates Website Virtual Investor Kit/Virtual Media
Kit.
|
·
|
Email
Alerts
|
Initials:
/s/
RR _____
Hawk
Associates Consulting Agreement
|
Page
2 of
4
|
·
|
Drafting
and Management of Press Releases
|
·
|
Road
Shows/Investor Meetings
|
·
|
PowerPoint
Investor Presentation
|
·
|
Quarterly
Conference Calls (as appropriate)
|
·
|
Crisis
Management Consulting (as
appropriate)
|
·
|
Development
and Maintenance of Investor/Media Email and Contact
Database
|
·
|
Annual
Reports/Quarterly Reports to Shareholders (as
appropriate)
|
·
|
Expanded
Company Backgrounder or Fact Sheets
|
·
|
Mailings
to Targeted Members of the Investment Community and Media (as
appropriate)
|
·
|
Handling
of Investor information Queries
|
2. In
consideration for such services, Company will provide the following compensation
to Hawk:
X.
|
Xxxx
will be granted five-year warrants on 250,000 shares of the Company’s
common stock that will he priced at the closing price of the first
full
day of trading of IQ Micro with full piggy back rights to be registered
with the company’s next registration statement after August 1, 2005. The
warrants will expire at midnight July 31,
2010.
|
X.
|
Xxxx
will be paid a retainer fee of $7,000 per month. In addition, Hawk
will be
reimbursed for normal out of pocket operating expenses such as phones,
faxes, Fedexes, routine printing and routine postage incurred by
Hawk on
behalf of Company. These expenses will be invoiced at a rate of $400
per
month. These cash payments will begin with an initial payment of
$14,800
representing the first two months of the retainer covering August
2005
through September 2005 and basic expenses for that period. The next
invoice will be issued on October 1, 2005. All subsequent xxxxxxxx
will be
one month in advance with travel expenses and other non-routine expenses
billed in arrears. Invoices will be paid in full within 15
days.
|
X.
|
Xxxx
will be paid a one-time payment of $4,000 for the creation of an
identity
package that will include a company logo and designs for stationary,
business cards, etc.
|
D.
|
Company
shall reimburse Hawk and its representatives for such reasonable
out-of-pocket expenses as Hawk may incur in connection with the rendition
of the services. Such items shall include, but not be limited to,
all
travel related expenses for Hawk to visit the Company facilities
as well
as business and entertainment expenses incurred with financial analysts,
fund managers, brokers, potential investors, members of the media
and/or
financing candidates.
|
E.
|
Third
party vendor expenses such as design fees, printing costs and related
materials, database acquisitions, PR Newswire fees, conference calls
and
special promotions will be billed directly to Company by the vendors.
Hawk
will not benefit financially from a markup of these
services.
|
Initials:
/s/
RR _____
Hawk
Associates Consulting Agreement
|
Page
3 of
4
|
3.
The
initial term (“Term”) of this Agreement shall be for a period of six months
commencing on the Effective Date hereof and ending on January 31, 2006.
Effective January 31, 2006, this contract will automatically renew for a period
of 30 days every successive 30 days. After December 31, 2005, either party
will
have the right to terminate this agreement with 30 days notice.
4.
All
proprietary information furnished to Hawk by Company shall be deemed to be
confidential and shall be kept in strict confidence under appropriate
safeguards. Company agrees that the Hawk website and profiles are protected
by
applicable copyright laws and will not be copied or otherwise used by Company
without the written permission of Hawk.
5.
This
consulting agreement, acceptable to both parties and representing the full
and
final execution of this document, contains the full agreement of the parties
hereto concerning the subject matter hereof and shall not be modified, altered,
changed or terminated except pursuant to a writing signed by all of the
parties.
6.
This
agreement shall be binding upon and inure to the benefit of the respective
heirs, executors, administrators, successors and assigns of the parties
below.
7.
The
validity of this agreement shall be determined in accordance with the internal
laws of the State of Florida.
8.
Any
and all notices, requests, demands or other communications hereunder shall
be in
writing, and deemed given and received if delivered personally or sent by
certified or registered mail, postage prepaid, return receipt requested to
each
of the parties hereto at the addresses hereinabove first written or such other
addresses as may from time to time be designated by any of them in
writing.
Initials:
/s/
RR _____
Hawk
Associates Consulting Agreement
|
Page
4 of
4
|
IN
WITNESS WHEREOF, the Company and Hawk have executed and delivered this agreement
as of the day ear first above written.
By: | /s/ Xxxxx X. Xxxxxxx | |
Xxxxx X. Xxxxxxx, Xx. | ||
CEO
Hawk Associates,
Inc.
|
Dated:
Aug 11/05
THE
UNDERSIGNED HAVE READ
AND
HEREBY CONSENT AND
AGREE
TO
THE
TERMS OF THE FOREGOING
AGREEMENT.
By:
|
/s/
Xxxxxx Xxxxxx
|
Xxxxxx
Xxxxxx
|
|
Chief
Financial Officer
|
|
IQ
Micro Corp.
|
cc:
Xxxxx
X. Xxxxxxxx, President, Hawk Associates, Inc.
Initials:
/s/
RR _____