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EXHIBIT 8
FINDER'S FEE AGREEMENT
THIS FINDER'S FEE AGREEMENT (this "Agreement") is entered into between
NORTON X. XXXXX, TRUSTEE OF THE XXXXXXXXX XXXX XXXXX ADULT TRUST #2, XXXXXXX
XXX XXXXX ADULT TRUST #2 AND XXXXXXXX XXXXX KARNO ADULT TRUST #2 (collectively
the "Karno Trusts"), XXXXXX X. XXXXXXXXX AND XXXXXXX XXXX XXXXXXX
(collectively, "Xxxxxxxxx" and together with the Karno Trusts, the "Owners")
and XXXXXX XXXXX AND XXXXXXX XXXXXXX (collectively, "Finders") as follows:
1. Finders introduced Owners to Radius, Inc., a NASDAQ traded
company ("Radius") and Owners acquired an option to purchase 3,600,000 (Owners'
net share of 3,999,901 shares) shares of Radius and a Warrant for 50,000 shares
of Radius (the "Warrant").
2. Owners exercised said option and purchased said Radius shares
and acquired the Warrant on December 2, 1997.
3 Owners agree to pay Finders a Finder's Fee of $64,800 in
accordance with EXHIBIT A attached hereto concurrently with the execution of
this Agreement. This Fee fully compensates Finders for any and all services
provided to Owners in relation to Owners' purchase of said Radius shares and
the Warrant.
4. Owners agree to pay as an additional Finder's Fee, on December
2 of each year, commencing December 2, 1998, and continuing only so long as
both Owners and Finders continue to own their respective Radius shares, an
annual Fee of 1% of the December 2 value in said respective year of however
many Radius shares Owners own of said 3,600,000 shares. Said Fee is herein
pledged to pay any interest that is concurrently due to Owners or any of them
on loans owed by Finders to Owners.
5. This Agreement will be governed by the laws of the State of Florida.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of this 2nd day of December, 1997.
[SIGNATURES FOLLOW ON NEXT PAGE]
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OWNERS:
/s/ Norton X. Xxxxx
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Norton X. Xxxxx,
Trustee of Xxxxxxxxx Xxxx
Xxxxx Adult Trust #2
/s/ Norton X. Xxxxx
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Norton X. Xxxxx,
Trustee of Xxxxxxx Xxx Xxxxx
Adult Trust #2
/s/ Norton X. Xxxxx
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Norton X. Xxxxx,
Trustee of Xxxxxxxx Xxxxx
Karno Adult Trust #2
/s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
/s/ Xxxxxxx Xxxx Xxxxxxx
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Xxxxxxx Xxxx Xxxxxxx
FINDERS:
/s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx
/s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
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EXHIBIT A
Owner Paying Xxxxxx Xxxxx Xxxxxxx Xxxxxxx Total
------------ ------------ --------------- -----
Xxxxxxxxx Xxxx Xxxxx Adult Trust #2 $ 6,480 $ 4,320 $10,800
Xxxxxxx Xxx Xxxxx Adult Trust #2 6,480 4,320 10,800
Xxxxxxxx Xxxxx Xxxxx Adult Trust #2 6,480 4,320 10,800
Subtotal - Karno Trusts 19,440 12,960 32,400
Xxxxxx X. Xxxxxxxxx and Xxxxxxx Xxxx Xxxxxxx 19,440 12,960 32,400
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Total $38,880 $25,920 $64,800
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