Contract
X.
Xxxxxxx Securities
145
E.
57th
Street,
10th
Fl, New
York, NY 00000 000-000-0000, fax 000-000-0000
Date:
April 5, 2007
Xxxxx
Xxxxxx
Vistula
Communications
By
Fax: 000 000 0000
Dear
Jared,
Pursuant
to this letter Agreement, Vistula Communications Services, Inc. (the “Company”)
hereby engages X. Xxxxxxx Securities (“WQS”), an NASD member firm, to assist the
Company on a best-efforts basis to raise proceeds through the Company’s issuance
of debt and/or sale of equity in private sale(s) to institutional and/or
qualified, high net-worth investors.
As
compensation, WQS shall be entitled to a placement agent commission equal to
eight percent (8%) of any funds raised for the Company (the “Placement Agent’s
Commission”) for any New Investor funds (monies raised from investors introduced
to the Company by WQS). Such Placement Agent’s Commission shall be inclusive of
any related commissions, fees or other payments payable to any other
brokers/dealers or other persons legally entitled to receive commissions who,
at
the request of WQS, has assisted the WQS in the sale of the Company shares
(the
“Co-Brokerage Commissions”); all of which Co-Brokerage Commissions shall be
deducted from the WQS’ Placement Agent’s Commission otherwise payable to WQS
hereunder.
In
addition, the Company shall issue to WQS, a five-year warrant (the “Placement
Agent’s Warrant”) entitling WQS to purchase two shares of Company Common Stock,
par value $0.001, for every $1.00 of New Investor funds raised, at an exercise
price of $1.00.
If
the
foregoing is in accordance with your understanding of our agreement, kindly
sign
and return this Agreement by fax (000-000-0000), whereupon it will become a
binding agreement between the parties in accordance with its terms.
This
agreement expires on Monday, April 9, 2007 at 5.00pm EST.
Very
truly yours,
X. Xxxxxxx Securities | Signed & Accepted: | ||
By: /s/ Xxxxxxx Xxxxxxx | By: /s/ Xxxxx X. Xxxxxx | ||
Name:
Xxxxxxx Xxxxxxx
|
Name:
Xxxxx X. Xxxxxx
|
||
Title:
President
|
Title:
Chief
Financial Officer
|