Exhibit 2.3(i)
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CONSULTING AGREEMENT
BETWEEN: EUROPA RESOURCES, INC. of Vancouver, BC, Canada, and
OPTIMA PROMOTIONS of River Edge, New Jersey, USA.
PURPOSES: To retain OPTIMA PROMOTIONS to:
o Assist EUROPA RESOURCES with its current offering memorandum.
o Introduce EUROPA RESOURCES to appropriate market makers,
brokers, investment bankers, and professional investors;
as well as arrange meetings for EUROPA RESOURCES and
provide liaison follow up.
o Assist EUROPA RESOURCES in its raise of an additional $4.5
million dollars -such documents and terms, unstructured as yet.
TERMS OF AGREEMENT: Six (6) months.
COMMENCEMENT: Effective date: Sept. 1, 1998
*MONTHLY FEE: $3,500.00 (US) the first month, due upon engagement and each
month, 30 days thereafter.
CANCELLATION: Ninety (90) days post engagement with 30 days written notice
required.
ADDITIONAL COMPENSATION:
EQUITY: 100,000 common shares (144 stock) of EUROPA RESOURCES to be
issued on the date this agreement takes effect (see commencement
section)
INCENTIVE COMPENSATION TO BE PAID TO OPTIMA PROMOTIONS:
50,000-144 restricted stock and 25,000 free trading for every $1
million (US) dollars raised by OPTIMA PROMOTIONS, it's agents, brokers
or investors.
In addition, a total of 4% of the gross proceeds from the sale of EUROPA common
shares (private placements) will be paid to OPTIMA PROMOTIONS as a finders fee.
EXPENSES: Full accountable - mailings, meetings, travel and entertainment,
etc., all by mutual agreement and consent between EUROPA
RESOURCES and OPTIMA PROMOTIONS.
ACTIVITY RECORDS: See attached form, to be submitted weekly, in addition to
phone updates.
ADDITIONAL FUNDING(S): Arrangements relevant to each form of funding.
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EUROPA RESOURCES and OPTIMA PROMOTIONS agree to provide each other with complete
diligence materials and all communications, representations & transmittals,
relevant to interested parties, pursuant hereto.
SUBMITTED BY: /s/____ DATE: 8/17/98
Xxxxxx Xxxxxxxx, T/A
OPTIMA PROMOTIONS, CONSULTANT(S)
-AND-
Xxxxxxx X. Xxxxx, _/s/_____________
Co-Consultant
ACCEPTED BY: _/s/_____DATE: 8/24/98
Xxxxxx X. Xxxxx, President & CEO
EUROPA RESOURCES, INC.
