Exhibit 4.4
COMPENSATION AGREEMENT
This Compensation Agreement is entered into by and between Internet Law
Library, Inc. and Xxxxx X. Xxxxxxxxx as of the date set forth below.
In consideration for legal services already rendered and satisfactorily
completed and advisory and consulting services, Xxxxx X. Xxxxxxxxx, a natural
person residing in the State of Texas ("Consultant"), agrees to accept 1,000,000
shares of Internet Law Library common stock under the following conditions:
1. Internet Law Library will register the shares by filing an S-8 registering
them as compensation for the legal, advisory and consulting services of
Xxxxx X. Xxxxxxxxx.
2. Xxxxx X. Xxxxxxxxx agrees to sell no more than 10% of the daily volume on
any given day and further agrees never to sell shares on a down tick.
3. Xxxxx X. Xxxxxxxxx releases Internet Law Library from the $244,000 in fees
due for these services.
Both parties agree and acknowledge that Consultant performed bona fide services,
and that such services were not in connection with the offer or sale of
securities in a capital-raising transaction, and do not directly or indirectly
promote or maintain a market for Internet Law Library's securities.
IN WITNESS WHEREOF, this Agreement has been entered into to be effective
as of the 4th day of October 2001.
Xxxxx X. Xxxxxxxxx Internet Law Library, Inc.
/s/ XXXXX X. XXXXXXXXX /s/ HUNTER M.A. XXXX
____________________________ By______________________________
Hunter M.A. Xxxx
Chairman and CEO
