PROFESSIONAL SERVICE AGREEMENT
between Delta Petroleum Corporation (referred to as the
("Company")
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Xxxxxx, Xxxxxxxx 00000
and GlobeMedia AG (referred to as "GlobeMedia")
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WHEREAS, Delta Petroleum Corporation desires to seek
representation in Germany.
And, WHEREAS, GlobeMedia desires to enter into a
professional service agreement to represent the Company in
Germany and other European countries for disseminating public,
shareholder and broker relations information and creating
awareness of the Company in the European financial community.
NOW THEREFORE, in consideration of the foregoing and the
mutual promises, the parties hereto, intending to be legally
bound, hereby agree as follows:
1) GlobeMedia will distribute and disseminate information
exclusively provided by the Company to existing and potential
shareholders. In such an effort, GlobeMedia will respond to
shareholders and interested party inquiries when made and where
appropriate with factual information provided by the Company.
2) GlobeMedia will provide such services for a period of
one year.
3) The Company shall promptly provide GlobeMedia with
copies of all the Company's press releases and periodic reports
filed with the Securities and Exchange Commission and shall keep
GlobeMedia advised of all public information available about the
Company and that information alone will be the source of
information for dissemination to shareholders or other interested
parties.
4) The Company will send to GlobeMedia three copies of all
filings made by the Company with the Securities and Exchange
Commission ("SEC"), NASD or Nasdaq Stock Market immediately upon
filing.
5) The Company's personnel will be available to
representatives to GlobeMedia for periodic updates, upon
reasonable notice, provided, however, that nothing contained
herein shall be construed as requiring the Company to divulge or
otherwise discuss any material information that has not been made
available to the general public.
6) GlobeMedia will keep the Company informed by telephone
and provide a monthly written report outlining the activities of
GlobeMedia on the Company's behalf and other relevant matters.
7) GlobeMedia's remuneration for the above services
outlined will be as follows:
a) U.S. $2,000 fee per month payable within the first
seven (7) days of each month.
b) Any expenses greater than $500 such as commercial
travel, newspaper ads, television spots shall be approved in
advance by the Company.
8) The parties will enter into an investment
representation agreement in the form attached hereto.
9) This is the entire agreement between the parties and
supercedes all previous or existing agreements. It may only be
modified in writing with the mutual consent of both parties.
On Behalf of GlobeMedia AG On Behalf of Delta
Petroleum Corporation
By: By:
Title: Title:
Date: Date:
