1
EXHIBIT 6.14
Xx. Xxx Xxxxxxxxxxx
The Private Financing Group, Inc.
Via E-Mail
Re: Financial Advisory Agreement dated December 29, 2000
Dear Xxx,
I am sending this letter to you for clarification of the above referenced
agreement. As for the timing of when warrants and cash fees, are to be earned
for equity or debt transactions, it is the spirit of the agreement that these
are actually earned when a signed agreement is in place. That would mean for
the Xxxxxx transaction, the 1,200,000 warrants, per the terms of the above
referenced agreement, and the $400,000 minimum are earned July 13, 2001, when
the transaction was concluded and the Investment Agreement was signed by both
parties and not when the Letter of Agreement was signed in April 2001. As for
the G.E. Capital and King Trade Capital transactions, the 500,000 warrants and
$137,500 fees for each transaction is earned when and if a signed agreement is
in place and not when the letters of intent or proposals were signed. In
addition, the $250,000 in advisory bonus cash fees is earned on upon the
execution of a signed agreement by InterGlobal Waste Management and an
investor whether sourced by The Private Financing Group, Inc. or any other
sourcing party given the consideration by The Private Financing Group, Inc. to
InterGlobal Waste Management of an agreed to reduction in their earned advisory
bonus, waiver of an exclusive relationship and the overall support and guidance
provided for all funding efforts on the part of The Private Financing Group,
Inc.
As for the 400,000 shares of common stock earned for the completion of the
business plan, attainment of at least one investor relations group and on going
advisory services, we are in agreement that these services were complete as of
June 30, 2001 and the shares are to be issued in July 2001.
Please sign below to confirm acceptance of the above.
Sincerely,
/s/ XXXXXXX XXXXXXXXX
------------------------------
Xxxxxxx Xxxxxxxxx
Accepted by: /s/ XXX XXXXXXXXXXX 8/20/01
-----------------------------------
Xxx Xxxxxxxxxxx
