ACTIVE LINK COMMUNICATIONS, INC.
FORM 10-KSB
EXHIBIT 10 (O.1)
ACTIVE LINK COMMUNICATIONS, INC.
0000 XXXXXX XXXXX XXX.
XXXXXXXXXX, XX 00000
October 1, 2002
Xx. Xxxxxx Xxxxx
00 Xxxx Xxxx Xx.
Xxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
This letter agreement (Agreement) will confirm the understanding and agreement
between Mobility Concepts, Inc. (Company or ACVE), and Xxxxxx Xxxxx (Xxxxx) as
follows:
1. The Company hereby engages Xxxxx to provide the Company the
strategic services set forth on Schedule I and Xxxxx hereby accepts
the engagement.
2. As compensation for the strategic services rendered by Xxxxx
hereunder and described in Schedule I, the Company hereby issues to
Xxxxx an initial retainer of $5000, Monthly payments of $3000 due
the first of each month thereafter, and 1,000,000 shares of ACVE
common stock as follows:
(a) 500,000 shares on October 25, 2002 for work performed from
October 1, 2002 through October 25, 2002. Half of these shares
shall have piggy back registration rights.
(b) 150,000 shares on December 1, 2002 for work performed through
November 30, 2002
(c) 150,000 shares on January 1, 2003 for work performed through
December 31, 2002
(d) 100,000 s February 1,2003 for work performed through January
31,2003,and 100,000 shares on March 1, 2003 for work done
through February 28, 2003.
3. The Company will reimburse Xxxxx, upon request, for his reasonable
expenses (including, travel expenses and professional and legal
fees) incurred in connection with its engagement hereunder. Xxxxx
agrees not to incur reimbursable expenses on behalf of the Company
without prior approval by the Company.
4. Except as required by applicable law or pursuant to an order entered
or subpoena issued by a court of competent jurisdiction, Xxxxx will
keep confidential all material non-public information provided to it
by the Company, and will not disclose such information to any third
party, other than its employees and advisors that are involved in
providing services to the Company hereunder.
5. This agreement may be canceled by the Company at any time, with 30
days notice to Xxxxx. It may also be canceled with notice should
Xxxxx engage in any Illegal activity in regard to his representation
of the Company.
If the foregoing correctly sets forth the understanding and agreement between
Xxxxx and the Company, please so indicate in the space provided for that purpose
below, whereupon this letter will constitute a binding agreement as of the date
hereof.
Active Link Communications, Inc.
By: ______________________________________
Xxxxxxx X. Xxxx, Chief Executive Officer
Date:_____________________________________
AGREED:
Xxxxxx X. Xxxxx.
By: ______________________________________
Date: _____________________________________
