Exhibit 10.7
SAYED CONSULTING, INC.
00000 XXXXXX XXX., XXXXX 000, XXXXX, XX 00000 TEL: 000-000-0000
FAX: 000-000-0000
AGREEMENT FOR CONSULTING SERVICES
Sayed Consulting, Inc. a Nevada Corporation, ("SCI") agrees to provide Mystique
Developments, Inc. ("Company") with the following services commencing the 1st
day of October, 1996 through September 30, 1997:
1. SCI will review and analyze all aspects of the Company's investor relations
program and make recommendations.
2. SCI will review all of the available general information concerning the
Company, as well as all recent regulatory filings by the Company in order to
produce a "Corporate Profile" in brokerage style format to be approved by the
Company prior to circulation.
3. SCI will utilize its network: to identify firms and brokers interested in
participating; schedule and conduct the necessary due diligence; and, to obtain
the required approvals, necessary for those firms to participate. SCI will also
interview and evaluate any firms or brokers referred to SCI by the Company as
possible participants.
4. SCI will provide the Company feedback from the investment community and
formulate steps the Company may consider taking in view of such feedback.
5. SCI personnel will be available to the Company to field any calls from firms
and brokers inquiring about the Company.
6. SCI will mail "Corporate Profiles" to potential investors on its marketing
lists and any others provided by the Company.
7. SCI will track the prospect responses and make timely recommendations to the
Company as to the timing and contents of its future advertising projects.
PROGRAM GOALS:
1. SCI expects to heighten the public awareness of the existence and merits of
the Company.
2. Networking of the brokerage community with a public relations program to
produce ongoing and amplified results for the Company.
3. Initiate the use of the most effective methods available for disseminating
information about the Company to the investment public.
4. Protect the interests of the Company.
5. Analyze and translate the program results to make recommendations for maximum
efficiency in the use of promotional expenditures.
COMPENSATION:
A. Company will pay to SCI $1,000 per month for its non-accountable expenses for
the duration of the contract payable by the tenth day of each month. SCI will be
reimbursed its third party out of pocket expenses on a monthly basis. SCI will
be responsible for its own expenses of performing services hereunder. SCI may
request Company to reimburse extra-ordinary expenses which may only be incurred
upon advance written approval by Company.
B. Subject to Board of Directors' approval, Company will grant SCI an option to
purchase up to 100,000 shares of its common stock at $1.00 per share. In the
event that SCI does not fulfill the terms of this Agreement non-vested options
will terminate upon Company's notice of non-performance to SCI. This option may
be exercised in whole or in part. This option shall expire on October 31, 1997.
C. Either party may terminate this Agreement with or without cause upon 30 days
written notice to the other party.
REGISTRATION:
Company will take all necessary steps and file all needed documents with the
appropriate authorities to give effect to the above option and shall be
responsible for all costs and expenses in this connection.
EXERCISE:
Company will deliver the shares underlying the option upon SCI's written request
for exercise together with payment of the option price.
Agreed and accepted by the parties as of the date first above written.
Mystique Developments, Inc. Sayed Consulting, Inc.
/s/ Xxx Xxxxxx /s/ Xxxxxx X. Xxxxx
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Xxx Xxxxxx Xxxxxx X. Xxxxx, Ph.D.
President President
