[LOGO] XXXX
Xxxx International Telecom Inc
X/X 0 Xxxxxxxxxxx Xxxxx
Xxxxxxx Xxxx
Xxxxxx XX0 0XX
XX
Tel: x00 (0) 0000 000000
Fax: x00 (0) 0000 000000
E-Mail: xxxxxxxxxx@xxxxxxx.xxx
Consulting Agreement:
Date: 1st November 2004
This agreement is being entered into between Hugo International Telecom, Inc.
("HGOI") and Xxxxx Xxxxx Capital, Inc. ("JDC") on the 1st day of November, 2004.
Whereby HGOI is seeking Management Consulting services and JDC is capable of
providing such services.
It is agreed the JDC will provide HGOI with the following services:
a) Develop a business plan for HGOI
b) Locate Officers and Directors to replace existing Officers and
Directors
c) Negotiate settlements with HGOI creditors
d) Seek sources of Financing for HGOI
e) Initiate effort to bring HGOI's accounting reports and SEC filings
up to date
It is agreed the HGOI will pay JDC US$296,000.00 in lieu of cash JDC has agreed
to receive 29,500,000 shares of restricted HGOI common stock. HGOI will
distribute the common stock to JDC and its designees.
Accept and agreed to:
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx, CEO and Sole Director of
Hugo International Telecom, Inc.
/s/ Xxxx Xxxxxxxxxx
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Xxxx Xxxxxxxxxx, President
Xxxxx Xxxxx Capital, Inc.
