Exhibit 10.3
AGREEMENT
AGREEMENT dated this __ day of June 2005, by and between DocUCourier
Corporation (hereinafter "DocuUCourier"), a Delaware Corporation, with offices
located at 0000 Xxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 and Xxxxxxx X.
Xxxxxxxxx, President of DocUCourier.
WHEREAS, DocUCourier has filed a Registration Statement with the United
States Securities and Exchange Commission (hereinafter the "SEC") on Form SB-2
and has filed an Exhibit 10.2 to such Registration Statement regarding methods
of payment of offering expenses; and
WHEREAS, DocUCourier has certain cash requirements for the next twelve
(12) months (exclusive of offering expenses) and needs a viable plan to meet
such requirements.
NOW, THEREFORE, it is herewith agreed as follows:
The undersigned, as President of DocUCcourier herewith agrees to defer
DOCUCOURIER compensation otherwise payable to him so as to permit DocUCourier to
remain viable and further agrees to loan DocUCourier such amounts of funds as
he, in his sole and absolute discretion deems reasonable (from a personal and
business point of view) to meet DocUCourier's expenses if sufficient revenues
are not generated therefore to the extent that gross profits are insufficient to
pay DocUCourier's costs and expenses. If and when loaned, the loan will be
evidenced by a non-interest bearing unsecured corporate note to be treated as a
loan until repaid, if and when DocUCourier has the financial resources to do so.
The above constitutes the entire Agreement between the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day of June 2005.
DocUCourier Corporation
/s/
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx, President
/s/
By: _________________________________________
Xxxxxxx X. Xxxxxxxxx, Individually
