COMPENSATION AGREEMENT
This Compensation Agreement is dated as of September 26, 2006 among
PowerLinx, Inc., a Nevada corporation (the "Company"), and Xxxxxx X. Xxxxxx
("Consultant").
WHEREAS, the Company has requested the Consultant to provide the Company
with legal services in connection with their business, and the Consultant has
agreed to provide the Company with such legal services; and
WHEREAS, the Company wishes to compensate the Consultant with shares of its
common stock for such services rendered;
NOW THEREFORE, in consideration of the mutual covenants hereinafter stated,
it is agreed as follows:
1. The Company will issue 16,092 shares of the Company's common stock, par
value $0.001 per share, to the Consultant (the "Shares").
2. Registration or Exemption. Notwithstanding anything to the contrary
contained herein, the Shares will be registered on Form S-8 Registration
Statement filed on or about September 28, 2006 and all subsequent amendments
thereto. The Shares to be issued shall represent a performance bonus award in
connection with the legal services performed by the Consultant on behalf of the
Company from July 1 and until September 30, 2006.
IN WITNESS WHEREOF, this Compensation Agreement has been executed by the
Parties as of the date first above written.
POWERLINX, INC.
-----------------------------------------
Xxxxxxx Xxxxxxxxx
Chief Executive Officer
XXXXXX X. XXXXXX
-----------------------------------------
Xxxxxx X. Xxxxxx
