EXHIBIT 10.14
FROM: Xxxxxxx Xxxx DATE: November 13, 2000
TO: Xxxxxx Xxxxxx Securities, Inc. RE: Registration
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This memorandum is to acknowledge and confirm in writing the understanding
between The Rose Group Corporation of Nevada (the "Company") and Xxxxxx Xxxxxx
Securities, Inc. concerning the Financial Advisory Agreement between the
parties. This is to confirm that the Company will undertake to issue and
register an aggregate of 400,000 shares of the Company's common stock on the
Company's next registration statement on Form SB-2 to be filed with the
Securities and Exchange Commission. However, of the 400,000 shares registered,
two hundred thousand shares will be held by the Company or its escrow agent and,
pursuant to the Financial Advisory Agreement, if the Company is not satisfied
with the services rendered by Xxxxxx Xxxxxx Securities, Inc. within the first
six months of its term, the Company has the right to cancel the agreement and
shall not be obligated to issue the outstanding two hundred thousand registered,
but unissued, shares of common stock.
THE ROSE GROUP CORPORATION
OF NEVADA
By: /s/ Xxxxxxx X. Xxxx
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XXXXXXX X. XXXX, President
XXXXXX XXXXXX SECURITIES, INC.
By: /s/ A. Xxxxx Xxxxxx III
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A. XXXXX XXXXXX III, President
