EXHIBIT 10.15
FEE AGREEMENT
This FEE AGREEMENT (this "Agreement") made as of April 23, 2001 is by and
between XxxxxxxXxxxxx.xxx, Inc., a Delaware corporation, with its principal
place of business at 0000 X. Xxxxxxxx Xxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx
00000, and Xxxxxxxx Xxxxxxx, with his principal place of business at 0000 Xxxx
Xxxxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000, ("Xxxxxxx").
R E C I T A L S:
- - - - - - - -
The Company is a public company with a class of equity securities publicly
traded, and Xxxxxxx, as general counsel, has provided certain corporate legal
services in the past.
The Company has not had sufficient funds to pay Xxxxxxx in cash for services
provided and desires to issue shares of common stock as payment for such
services in accordance with the terms and conditions contained hereinafter.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the
parties hereto hereby agree as follows:
1. LEGAL SERVICES. Xxxxxxx has provided corporate legal services
over the two years to the Company and affiliated companies and
has not had been paid in full for such services.
2. COMPENSATION. In consideration for the performance of services
by Xxxxxxx, the Company hereby agrees to issue Xxxxxxx an
aggregate of 800,000 shares of the Company's common stock as
full payment for legal services provided to the Company and
affiliated companies through May 31, 2001. If additional
services are provided, after such date, the Company and
Xxxxxxx shall negotiate the compensation for such services,
which may be cash, stock or a combination thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
XXXXXXX: COMPANY:
/s/ Xxxxxxxx Xxxxxxx By: /s/ C. Xxxxxxxx Xxxxxxxx
---------------------------------------- ------------------------
Xxxxxxxx Xxxxxxx C. Xxxxxxxx Xxxxxxxx, Chairman
