AGREEMENT, dated as of March 9, 2000, by and between Xxxxxx.xxx Inc., a Delaware
corporation with offices at 0000 Xxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxxxxx,
Xxxxxxxxxx 00000 ("Acubid") and Xxxxxxx X. Xxxx, with offices at Xxx Xxxxxxxxx
Xxxxx Xxxxx 000, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000.
W I T N E S S E T H:
WHEREAS, Xxxxxxx has performed legal services for Acubid and Acubid is
presently indebted to Xxxxxxx in the amount of Eighteen Thousand, Fifty Five and
25/100 dollars ($18,055.25) for services rendered through January 20, 2000; and,
WHEREAS, Acubid desires to issue and deliver to Xxxxxxx twenty five
thousand (25,000) Shares of Common Stock, $.001 par value, of Acubid in payment
of the aforementioned $18,055.25, and Xxxxxxx desires to accept 25,000 Shares of
Acubid Common Stock in satisfaction of the aforesaid $18,055.25;
NOW, THEREFORE, in consideration of the provisions herein contained,
the parties hereto herby agree as follows:
1. Acubid acknowledges that it is indebted to Xxxxxxx in the
amount of $18,055.25 for services rendered through February
29, 2000 to Acubid and hereby agrees to issue and deliver to
Xxxxxxx 25,000 Shares of its Common Stock, $.001 par value, in
payment of the aforesaid $18,055.25 debt and Xxxxxxx hereby
agrees to accept 25,000 Shares of Acubid Common Stock, $.001
par value, as payment of the aforesaid $18,055.25.
2. Acubid hereby agrees to use its best efforts to register the
25,000 Shares of Acubid Common Stock issued to Xxxxxxx here
under with the Securities and Exchange Commission by filing a
registration statement of Form S-8 with respect to such Shares
as soon as practicable following the issuance of such Shares.
3. This Agreement contains the entire understanding of the
parties hereto with respect to the subject matter contained
herein and supercedes all prior agreements and understandings
between the parties.
IN WITNESS WHEREOF the parties hereto have duly executed this
agreement as of the day and year first above written.
XXXXXX.XXX INC.
By: /s/ Xxxxxxxx Xxxxxxxx
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XXXXXXXX XXXXXXXX
President
/s/ Xxxxxxx X. Xxxx
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XXXXXXX X. XXXX
Attorney at Law
