EXHIBIT 10.1 FEE AGREEMENT FOR PROFESSIONAL SERVICES WITH
XXXXXXX X. XXXX
WEED & CO. L.P.
0000 XXXXXXXXX XXXXX, XXXXX 0000, XXXXXXX XXXXX, XXXXXXXXXX 00000-0000
TELEPHONE (000) 000-0000 FACSIMILE (000) 000-0000
February 7, 2002
Xx. Xxxxx X. Xxxxxxxxxxxx
Technology Visions Group, Inc.
0000 Xx Xxxxx Xxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
Telephone 000.000.0000
Facsimile 760.918.9213
Via E-Mail
Re: Form S-8; Issuance of TVGR Common Stock for Legal Services
--------------------------------------------------------------
Dear Xxx:
Pursuant to our discussion on Friday, February 1, 2002, this letter is
to confirm the issuance of certain shares and stock options to Xxxxxxx X. Xxxx
of Weed & Co. L.P. ("Weed") in consideration for certain legal services
rendered. As of January 31, 2002, Technology Visions Group, Inc. ("TVGR") was
indebted to Weed in the amount of $27,357.11. In consideration of, and to
satisfy this indebtedness, TVGR will issue Weed 500,000 shares of common stock
of TVGR and 250,000 options to purchase TVGR common stock at an exercise price
of $.15 per share. TVGR agrees to promptly register such shares on a Form S-8 at
their own expense.
We appreciate your prompt resolution of this matter and look forward to
continuing a successful relationship with TVGR. Please contact me if you have
any questions as to this matter.
Very truly yours,
/s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx
Managing Partner/Special Projects
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Agreed and Approved:
By: /s/Xxxxx X. Xxxxxxxxxxxx
Name: Xxxxx X. Xxxxxxxxxxxx
Title: Chief Operating Officer
