Exhibit 10.15
THIS CONTRACT dated the 1st day of December , 1999
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BETWEEN:
XXXX-XXX.XXX INC. having
a place of business at 600 - 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(hereinafter the "Company")
OF THE FIRST PART
AND:
XXXX CORPORATION
c/o DINNING HUNTER & CO.
having a place of business at 000 - 000 Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
(hereinafter "XXXX")
OF THE SECOND PART
WHEREAS:
A. The Company agrees to transfer to XXXX, 2 million stock options of the
Company on the terms and conditions set out below ;
AND WHEREAS:
X. XXXX agrees to provide investor relations services to European
investors for a period of one calendar year effective January 1, 2000
on the terms and conditions listed below ;
NOW THEREFORE in consideration of the mutual covenants and agreements contained
herein, it is agreed by and between the parties hereto as follows:
1. THAT XXXX will provide the Company with investor services to European
investors which include:
(a) making introductions to money managers, stock brokers and
other related business people who would be interested in the
Company for investment purposes.
(b) mailing the Company's corporate promotional materials and
profiling the Company on e-mail services managed by the
Company;
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(c) providing consulting assistance in the drafting of corporate
promotional materials, including but not limited to, news
releases; and
(d) XXXX agrees to use its best efforts to raise up to
$1,000,000.00 (USD) if required by the Company.
XXXX HEREBY agrees that it is responsible for all expenses incurred with respect
to (a) through (c) above.
2. That the Company agrees to issue 2 million options to XXXX in exchange
for the above services as follows:
(a) the first 1 million options will be issued to XXXX at a value
of $0.40 (USD) per option and must be exercised on or before
July 30 th. 2000; AND
(b) if the first million options are exercised as set out above
then the Company will issue a further 1 million options at a
value of $1.00(USD) per option to be exercised on or before
December 31, 2000.
THIS CONTRACT may be terminated by either party with thirty (30) days written
notice. All options will be cancelled unless exercised.
IN THE EVENT of a dispute, this Contract is to be interpreted in accordance with
and governed by with the laws of British Columbia.
SIGNED UNDER CORPORATE SEAL )
XXXX-XXX.XXX INC. )
by its authorized signatory(ies): )
)
)
/s/ Xxxxx Xxxxxxx )
------------------------------------
Name: )
)
SIGNED UNDER CORPORATE SEAL )
XXXX CORPORATION )
by its authorized signatory(ies): )
)
)
/s/ Xxxxxxx Xxx Xxxxxxx )
------------------------------------
Name: Xxxxxxx Xxx Xxxxxxx )
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THIS CONTRACT dated the 31st day of December , 1999
------- -----------------------
BETWEEN:
XXXX-XXX.XXX INC. having
a place of business at 600 - 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(hereinafter the "Company")
OF THE FIRST PART
AND:
XXXX CORPORATION
c/o DINNING HUNTER & CO.
having a place of business at 000 - 000 Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
(hereinafter "XXXX")
OF THE SECOND PART
WHEREAS:
A. Pursuant to Option Agreement dated December 1, 1999 XXXX hereby
exercises ONE MILLION (1,000,000) options at $0.40 (USD) to be included
in the re-filing of the SB-2 in the near future, pursuant to the
following terms and conditions:
1. payment of TWO-HUNDRED THOUSAND DOLLARS ($200,000.00) (USD) on
January 31, 2000 to PHON-NET;
2. payment of TWO-HUNDRED THOUSAND DOLLARS ($200,000.00) (USD) on
February 15, 2000 to PHON-NET.
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In the event of a dispute this Agreement will be governed by and interpreted in
accordance with the laws of British Columbia.
SIGNED UNDER CORPORATE SEAL )
XXXX-XXX.XXX INC. )
by its authorized signatory(ies): )
)
)
/s/ Xxxxx Xxxxxxx )
------------------------------------
Name: President )
)
SIGNED UNDER CORPORATE SEAL )
XXXX CORPORATION )
by its authorized signatory(ies): )
)
)
/s/ Xxxxxxx Xxx Xxxxxxx )
------------------------------------
Name: )
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