WRITTEN COMPENSATION AGREEMENT
Subject to the following shares of common stock being issued
pursuant to Rule 701 of the Securities and Exchange Commission, Xxxxxxx X.
Xxxxxx, Xx., X. Xxxxx Xxxxxxxx and Xxxxxxx X. Xxxxxxxxxx, Esq., agree to
respectively accept 183,000, 183,000 and 91,500 shares of the one mill
($0.001) par value common stock of Xxxxxxxx Laboratories, Inc., a corporation
(the "Company"), for non-capital raising services rendered regarding the
Company, including, but not limited to bringing the Company current in its
filings with the State of Utah; various meetings and conferences in respect
thereof; review of related correspondence and pleadings; discussions with the
Company's accounting firm and review of drafts and final copies of audited
financial statements; and various conference calls and discussions with Xx.
Xxxxxxxxxx respecting same; all of which services are valued at $4,575 or
$0.01 per share.
Date: 11/23/98. /s/Xxxxxxx X. Xxxxxx, Xx.
Xxxxxxx X. Xxxxxx, Xx.
Date: 11/23/98. /s/X. Xxxxx Xxxxxxxx
X. Xxxxx Xxxxxxxx
Date: 11/23/98. /s/Xxxxxxx X. Xxxxxxxxxx, Esq.
Xxxxxxx X. Xxxxxxxxxx, Esq.
ACCEPTED:
XXXXXXXX LABORATORIES, INC.
By/S/Xxxxxxx X. Xxxxxx, Xx. Date:11/23/98.
Its President
