Exhibit 10.4
LETTER-AGREEMENT WITH
XXXX XXXX SOLUTIONS, INC.
XXXX XXXX SOLUTIONS, INC.
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxxxxxx, X.X. V7J 2V7
Tel: 000 000-0000
Fax: 000 000-0000
April 1, 2002
Xx. Xxxxx Xxxxxxxx
Strategic Internet Investments Incorporated
000-000 Xxxxxxx Xxxxxx
Xxxxxxxxx, X.X. V6B 4N8
Re: Consulting Fee Letter for e-commerce review and analysis;
web site construction and maintenance
Dear Xx. Xxxxxxxx:
Pursuant to your request, Xxxxx Xxxxx Xxxxxxxx ("Consultant") has agreed to act
for Strategic Internet Investments Incorporated, (the "Company") as an advisor
and consultant to source review e-commerce businesses targeted for potential
acquisition by the Company, plus act as the Company's IT and Web Site design and
maintenance.
Payment for consulting fees and expense reimbursement has been agreed as
follows:
Consulting fees will be billed monthly at the daily rate of US$300.00 per day
for work performed as requested by the Company. The fee will be due and payable
in cash as invoiced. In the event that cash is not available to pay the
consulting fees, shares of the common stock of the Company, valued at a price to
be negotiated in good faith, will be accepted as payment in full. These shares
will be issued in conjunction with a Registration Statement filed under Form
S-8, which will make the shares free trading.
Expenses will be charged directly to the Company whenever possible if they are
significant. They will also be pre-approved. For example, travel expenses and
FedEx will be billed to client directly by the travel agency via credit card and
FedEx account. Nominal expenses such as long distance telephone, postage, local
transportation will be accumulated until
the sooner of a significant expense billing, to which these will be added, or
the total of US$250.00, and then they will be billed.
As agreed and in recognition of past services provided to the Company, the
Company will pay the Consultant a lump sum of $10,000 and the Consultant will
provide invoices to the Company documenting the fee, within the payment rate
outlined in the Letter Agreement.
The Consultant will submit to the Company a written report serving as a critical
review of all business plans submitted by the Company. The report should include
recommendations to the Company to either pursue acquisition of a targeted
business or decline the business.
This Letter-Agreement shall be governed by the Laws of the Province of British
Columbia, Canada.
If the above is satisfactory, please indicate by either signing and returning a
copy to me at my office, or confirm by e-mail.
Sincerely yours,
/s/Xxxxx Xxxxx Xxxxxxxx
Xxxxx Xxxxx Xxxxxxxx
President and shareholder
I accept the above terms and conditions.
/s/Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
Ohio & Southwestern Energy Company
