EXHIBIT 99.8
COMPENSATION AGREEMENT
THIS AGREEMENT ("AGREEMENT") DATED JANUARY 29, 2004 IS BY AND BETWEEN FTS GROUP,
INC. (THE "COMPANY"), A NEVADA CORPORATION LOCATED AT AND W. XXXXX XXXXXXX,
XXXXX XXXXXXXXX, XXXXX X. XXXXXXXX AND XXXXX XXXXXXXXX (COLLECTIVELY, THE
"BOARD MEMBERS").
WHEREAS, the Company is a publicly traded company.
WHEREAS, each Board Member has served the Company in the capacity of Director.
WHEREAS, the Company has obtained the benefits of Board Member's experience and
know-how.
NOWTHEREFORE in consideration of the foregoing, the parties agree as follows:
SECTION 1. SERVICES RENDERED
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The Board Members have provided services as directors to the Company for the
forth quarter of 2002 and the four quarters of 2003.
SECTION 2. COMPENSATION
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Pursuant to the Company's plan to compensate its directors, the Company had
agreed to pay each director $2,000 per quarter in cash or stock at the Company's
discretion.
The Company has elected to pay the Board Members in stock for the last quarter
of 2002 and the four quarters in 2003.
As a result, the Company will issue each Board Member 62, 500 shares of its
common stock for five quarters of service to the Company. The total number of
shares of common stock issued pursuant to this Compensation Agreement will be
250,000.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and
year first above written.
FTS Group, Inc.
/s/ Xxxxx Xxxxxxxxx Chairman of the Board, January 29, 2004
----------------------- Chief Executive Officer,
Xxxxx Xxxxxxxxx President and Director
/s/ Xxxxx X. Xxxxxxxx Director January 29, 2004
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Xxxxx X. Xxxxxxxx
/s/ Xxxxx Xxxxxxxxx Director January 29, 2004
-----------------------
W. Xxxxx Xxxxxxxxx
