EXHIBIT 10.3
EMPLOYMENT AND FEE AGREEMENT
THIS AGREEMENT made this 25th day of July, 2001, by and between Winmax Trading
Group, Inc. (hereinafter "CLIENT"), and Xxxxxxxx, Xxxxxx & Xxxxxx, P.A.,
(hereinafter ATTORNEY).
1. CLIENT retains ATTORNEY to represent CLIENT as Attorney at Law regarding
Corporate/Securities related matters and authorizes and empowers ATTORNEY to do
all things reasonably necessary to complete corporate and securities
transactions with CLIENT'S consent including specifically:
1.consultation regarding the preparation of nonqualified employee stock option plan;
2. drafting of stock option plan;
3. drafting of S-8 registration regarding stock option plan;
4. preparation of stock option exercise; and
5. preparation of stock option agreement.
On the basis of the time expended by ATTORNEY, a retainer shall consist of
200,000 shares of restricted common stock of Winmax Trading Group, Inc.
2. CLIENT retains ATTORNEY to represent CLIENT as Attorney at Law regarding
Corporate/Securities related matters and authorizes and empowers ATTORNEY to do
all things reasonably necessary to complete corporate and securities
transactions for a period of 6 months from the date of execution of this
agreement with CLIENT'S consent including specifically:
1) preparation of Form 8-K's (at the request of Client;)
2) Preparation Of Form 10K;
3) Preparation of Form 10Q; and
4) General corporate and transactional services up to 20 hours per month.
On the basis of the time expended by ATTORNEY, a retainer shall consist of
200,000 shares of common stock of Winmax Trading Group, Inc. All referenced
shares shall be registered pursuant to a Registration Statement on Form S-8. The
fee All referenced Shares shall be registered pursuant to a Registration
Statement on Form S-8. CLIENT shall also be responsible for costs incurred
including, but not limited to, long distance phone calls, transcripts,
photocopies, postage, filing fees, and costs of newspaper publications. Advanced
costs that are not expended during the course of the representation are to be
returned to the client at the conclusion of the representation, unless ATTORNEY
and CLIENT agree otherwise in writing.
3. All legal services will be performed by the Attorney after consultation and
authorization from the Company.
4. BY EXECUTING THIS AGREEMENT, COMPANY ACKNOWLEDGES THAT THE SERVICES TO BE
RENDERED HEREBY ARE NOT IN CONNECTION WITH THE OFFER OR SALE OF SECURITIES IN A
CAPITAL RAISING TRANSACTION AND DO NOT DIRECTLY OR INDIRECTLY PROMOTE OR
MAINTAIN A MARKET FOR THE SECURITIES OF THE COMPANY.
5. All payments for fees and expenses are due upon presentation of invoices.
6. The Attorney is authorized to take all actions, which the Attorney deems
advisable on behalf of the Company. The Attorney agrees to notify the Company
promptly of all significant developments in regard to representation of the
Company.
7. Company will fully cooperate with the Attorney and provide all information
known to the Company or available to the Company, which, in the opinion of the
Attorney, would aid the Attorney in representing the Company.
8. The Attorney agrees to use its best efforts in representing the Company.
9. This writing with exhibits includes the entire agreement between the Company
and the Attorney regarding this matter. This Plan can only be modified with
another written agreement signed by the Company and the Attorney. This Plan
shall be binding upon the Company and the Attorney and their respective heirs,
legal representatives and successors in interest.
10. CLIENT understands and agrees that ATTORNEY has made no guarantee regarding
the successful outcome or termination of the engagement and all expressions
pertaining thereto are matters of opinion. Should it be necessary to institute
legal proceedings for the collection of any part of the ATTORNEY'S compensation
or costs as set forth above, then CLIENT agrees to pay all court costs and
reasonable attorneys fees with regard to the collection of same.
IN WITNESS WHEREOF, the parties have executed this Agreement the date first
mentioned above.
ACCEPTED:
Xxxxxxxx, Xxxxxx & Xxxxxx, P.A. Winmax Trading Group, Inc.
By: /s/ Xxxxxx Xxxxxxxx By: /s/Xxxxxx Xxxxx President
Xxxxxx Xxxxxxxx Atty. Xxxxxx Xxxxx-President
