FEE AGREEMENT
THIS AGREEMENT made this 25th day of May, 2001, by and between Southern States
Power Company, Inc. (hereinafter "Client") with a mailing address of 000
Xxxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxx Xxxxxxxxxx, XX 00000 and telephone number
of (000) 000-0000, and Xxxxxx X. Xxxxx (hereinafter Administrative Assistant).
1. Client retains Administrative Assistant to assist Client regarding corporate/
securities clerical related matters and authorizes and empowers Administrative
Assistant to do all things reasonably necessary to complete corporate and
securities transactions and agrees to pay Administrative Assistant for the
services rendered on the following terms and conditions:
a. On the basis of the time expended by Administrative Assistant, a
fee shall consist of 5,000 shares of common stock of Southern
States Power Company, Inc. All referenced shares shall be
registered pursuant to a Registration Statement on Form S-8.
b. Client shall also be responsible for costs incurred in connection
with such services, including, but not limited to, long distance
phone calls, transcripts, photocopies, postage, filing fees, and
costs of newspaper publications.
2. Administrative Assistant will render a final statement for services provided
and costs incurred. If Client disagrees with any charge for fees or costs,
Client must notify Administrative Assistant in writing within ten (10) days
after the date of mailing. Otherwise, all charges are agreed by Client to be
approved and accepted. All bills are due when rendered.
IN WITNESS WHEREOF, the parties have executed this Agreement the date
first mentioned above.
ACCEPTED:
Xxxxxx X. Xxxxx Southern States Power Company, Inc.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxxxxx X. Xxxxxxx
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Administrative Assistant Xxxxxxxx X. Xxxxxxx, President
