DEFERRED COMPENSATION AGREEMENT
This Agreement confirms the previously agreed to terms concerning deferred
compensation between Trilogy International, Inc. ("Company") and Xxxxxx Xxxxxx
("Consultant").
Whereas, Consultant was retained on December 1, 1998 at an monthly consulting
fee of $3,000 and
Whereas, Consultant agreed to defer payment of 100 % of her fees ($12,000) for
the period from December 1, 1998 through March, 1999, and not demand payment of
said deferred fees until such time as the Company has been profitable for two
consecutive months and then to accept payment of the accrued salary due at that
time in 4 monthly installments in the same manner as the employees of the
Company that have made like concessions.
Further, the Company has issued to the Consultant 3,334 Options to purchase
Trilogy International, Inc Common Stock @ $.25 per share.
AGREED______________________ DATE_____________________________
Xxxxx Xxxxxxx, President
For: Trilogy International, Inc.
("Company")
AGREED_______________________ DATE _____________________________
Xxxxxx Xxxxxx
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