EMPLOYMENT AND FEE AGREEMENT
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THIS AGREEMENT made this 10th day of April, 2001, by and between
SOUTHERN STATES POWER COMPANY, INC. (hereinafter "CLIENT") with a mailing
address of 0000 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, XX 00000 and
telephone number of (000) 000-0000 and XXXXXXX X. XXXXXX, P.A., (hereinafter
ATTORNEY).
1. CLIENT retains ATTORNEY to represent CLIENT as Attorney at Law
regarding Corporate/Securities related matters and authorizes and empowers
ATTORNEY to do all things reasonably necessary to complete corporate and
securities transactions with CLIENT'S consent (other than in connection with
capital raising transactions) and agrees to retain attorney for the services
rendered on the following terms and conditions:
a. On the basis of the time expended by ATTORNEY, a retainer shall
consist of 50,000 shares of common stock of Southern States Power
Company, Inc. All referenced shares shall be registered pursuant to
a Registration Statement on Form S-8.
b. CLIENT shall also be responsible for costs incurred including, but
not limited to, long distance phone calls, transcripts,
photocopies, postage, filing fees, and costs of newspaper
publications. Advanced costs that are not expended during the
course of the representation are to be returned to the client at
the conclusion of the representation, unless ATTORNEY and CLIENT
agree otherwise in writing.
2. ATTORNEY will render a final statement for services rendered and
costs incurred. If CLIENT disagrees with any charge for fees or costs, CLIENT
must notify ATTORNEY in writing within ten (10) days after the date of mailing.
Otherwise, all charges are agreed by CLIENT to be approved and accepted. All
bills are due when rendered.
3. CLIENT understands and agrees that ATTORNEY has made no guarantee
regarding the successful outcome or termination of the engagement and all
expressions pertaining thereto are matters of opinion. Should it be necessary to
institute legal proceedings for the collection of any part of the ATTORNEY'S
compensation or costs as set forth above, then CLIENT agrees to pay all court
costs and reasonable attorneys fees with regard to the collection of same.
IN WITNESS WHEREOF, the parties have executed this Agreement the date
first mentioned above.
ACCEPTED:
Xxxxxxx X. Xxxxxx, P.A. Southern States Power Company, Inc.
By:/s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxxxxx Xxxxxxx
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ATTORNEY Xxxxxxxx Xxxxxxx, President
