EXHIBIT 4.2
KOSTECH SMALLCAP RESEARCH
xxxx://xxx.xxxxxxx.xxx
1-888-KOSTECH
This agreement is hereby entered into on the 9 day of January, 1997 between Xxx
Xxxxx and Xxxx Xxx China Industries.
Heng Fai China Industries Inc. (hereinafter referred to as "the company") hereby
enters into agreement with Xxx Xxxxx (hereinafter referred to as "Consultant")
for the purpose of maintaining an ongoing Internet based investor relations
program.
Consultant will publish a corporate profile for the company and distribute this
profile to its subscriber base when appropriate. Consultant reserves the right
to make final decisions regarding when and if this Research Bulletin is released
and the content therein.
In addition, all subscribers to Consultant's service will be updated frequently
on the progress of the company. This contract will run for a period of 12 months
from date incepted.
The complete cost for this program with regular mailings to Consultants entire
subscriber base is 50,000 stock options to be dispersed as follows:
25,000 at 1.00 six month term
25,000 at 1.25 six month term
The common stock of Heng Fai China Industries Inc. to be issued to Xxx Xxxxx
("Consultant") as compensation shall be properly authorized, issued, and
registered under the Securities act of 1933, on a form S-8 registration
statement or other appropriate form. The Consultant shall not engage in any
direct or indirect capital raising activities on behalf of Heng Fai China
Industries Inc. and/or its affiliates.
Agreed and Accepted:
Xxx Xxxxx Xxxxxx Xxxxx/HFCI
By: /s/ Xxx Xxxxx By: /s/ Xxxxxx X. Xxxxx, Director
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Date: 1-09-97 Date: 1-13-97
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Xxx Xxxxx
