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Exhibit 4.7
RETAINER AGREEMENT
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The parties hereto, SECURFONE AMERICA INCORPORATED (hereinafter SFI)
and XXXXXXXX XXXXXXXX, in consideration of the mutual covenants herein
contained, the parties agree herein as follows:
1. Between May 22, 1996, and September 30, 1997, XXXXXXXX will provide,
on demand as reasonably required by SFI, administrative services to SFI
concerning matters within XXXXXXXX'X expertise and germane to SFI business
activities.
2. SFI agrees that it shall compensate XXXXXXXX by the provision of
1,000 shares of SFI or its option equivalent at such time as SFI releases such
shares for the compensation of those individuals likewise providing
administrative and professional services to SFI, but in no event later than
February 28, 1998.
3. XXXXXXXX agrees that SFI's liability shall be limited to stock or
options as aforesaid, and that SFI makes no representation or warranty as to
there market value or marketability.
4. The services to be provided by XXXXXXXX shall be provided at such
times and locations as are convenient to SFI or its officers.
/s/ Xxxxxxxxx Xxxxxxxx
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Xxxxxxxxx Xxxxxxxx
/s/ Xxxxxxx X. Xxx
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Xxxxxxx X. Xxx
Chief Financial Officer for
SECURFONE AMERICA INCORPORATED