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Exhibit 10.9
FINANCIAL CONSULTING AGREEMENT
__________ ___, 1997
Russian Wireless Telephone Company, Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx X. Xxxxxx, President
Gentlemen:
This will confirm the arrangements, terms and conditions pursuant to
which X.X. Xxxxxxx & Co., Inc. (the "Consultant") has been retained to serve as
a consultant and advisor to Russian Wireless Telephone Company, Inc., a Delaware
corporation (the "Company"), on a non-exclusive basis for the term set forth in
Section 2 below. The undersigned hereby agrees to the following terms and
conditions:
1. Duties of Consultant.
(a) Consulting Services. Consultant will provide such financial
consulting services and advice pertaining to the Company's business affairs as
the Company may from time to time reasonably request. Without limiting the
generality of the foregoing, Consultant will assist the Company in developing,
studying and evaluating financing, merger and acquisition proposals, prepare
reports and studies thereon when advisable, and assist in negotiations and
discussions pertaining thereto.
(b) Financing. Consultant will assist and represent the Company in
obtaining both short and long-term financing, when so requested by the Company.
The Consultant will be entitled to additional compensation under such terms as
may be agreed to by the parties.
(c) Wall Street Liaison. Consultant will, when appropriate,
arrange meetings between representatives of the Company and
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individuals and financial institutions in the investment community, such as
security analysts, portfolio managers and market makers.
The services described in this Section 1 shall be rendered by
Consultant without any direct supervision by the Company and at such time and
place and in such manner (whether by conference, telephone, letter or otherwise)
as Consultant may determine.
2. Term.
This Agreement shall continue for a period of thirty-six months from
the date hereof (the "Term").
3. Compensation.
(a) As compensation for Consultant's services hereunder, the Company
shall pay to Consultant the sum of $3,472.22 per month, or an aggregate fee of
$125,000. Consultant's fee shall be due and payable on the date hereof.
4. Relationship. Nothing herein shall constitute Consultant as an employee or
agent of the Company, except to such extent as might hereinafter be agreed upon
for a particular purpose. Except as might hereinafter be expressly agreed,
Consultant shall not have the authority to obligate or commit the Company in any
manner whatsoever.
5. Confidentiality. Except in the course of the performance of its duties
hereunder, Consultant agrees that it shall not disclose any trade secrets,
know-how, or other proprietary information not in the public domain learned as a
result of this Agreement unless and until such information becomes generally
known.
6. Assignment and Termination. This Agreement shall not be assignable by any
party except to successors to all or substantially all of the business of either
party for any reason whatsoever without the prior written consent of the other
party, which consent may be arbitrarily withheld by the party whose consent is
required.
Very truly yours,
X.X. Xxxxxxx & Co., Inc.
By:__________________________
Xxxx Xxxxxxxxxxx
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AGREED AND ACCEPTED:
Russian Wireless Telephone Company, Inc.
By:______________________________________
Xxxxxx X. Xxxxxx, President
