EXHIBIT 10.6
TO: McAst Inc.
FROM: Xxxx X. Xxxx
RE: Recruiting Agreement
DATE: May 1, 1995
X.X. Xxxx & Company, Inc. would like to enter into an agreement with McAst, Inc.
to recruit registered representatives into the firm. For the service we offer
the following:
A) Either 5% of the registered representative's gross commission revenues
received by X.X. Xxxx & Company, Inc. after affiliation and NASD approval in
months 4 through 15, or 50% of the amount X.X. Xxxx & Company, Inc. receives
on such gross commission revenues over this same period of time, whichever
is less.
B) Either 3% of the registered representative's gross commission revenues
received by X.X. Xxxx & Company, Inc. in months 16 through 27, or 30% of the
amount X.X. Xxxx & Company, Inc. receives on such gross commission revenues
over this same period of time, whichever is less.
C) Either 1% of the registered representative's gross commission revenues
received by X.X. Xxxx & Company, Inc. in months 28 through 39, or 10% of the
amount X.X. Xxxx & Company, Inc. receives on such gross commission revenues
over this same period time, whichever is less.
D) Either 1/2 of 1% of the registered representative's gross commission
revenues received by X.X. Xxxx & Company, Inc. in months 40 as long as
registered representative is affiliated with X.X. Xxxx & Company, Inc., or
5% of the amount X.X. Xxxx & Company, Inc. receives on such gross commission
revenues over the same period of time, whichever is less.
E) X.X. Xxxx & Company, Inc. is not responsible for any of McAst, Inc.
operating expenses (I.E. travel, entertainment, meals, lodging, etc.).
F) McAst, Inc. will be paid each month their share of the gross commission
revenues.
If the above is acceptable please sign and return to X.X. Xxxx & Company, Inc.
to the attention of Xxxx X. Xxxx.
/s/ Xxxx X. Xxxx /s/ Xxxx Xxxxxxxx
____________________________ _____________________________
Xxxx X. Xxxx Xxxx Xxxxxxxx
Chairman McAst, Inc.
Chief Executive Officer
/s/ Xxxxx Xxxxxxxxxx
_____________________________
Xxxxx Xxxxxxxxxx
McAst, Inc.
/s/ Xxxx XxXxxxxxxx
____________________________
Xxxx XxXxxxxxxx /s/ Xxxx Xxxxxxxxx
McAst, Inc. _____________________________
Xxxx Xxxxxxxxx
McAst, Inc.
