ACCEPTANCE
INVESTOR RELATIONS AGREEMENT
----------------------------
THOR EQUITY GROUP, INC., (hereafter referred to as "Thor") hereby agrees,
pursuant to the terms of this agreement (the "Agreement"), to provide investor
relation services to Pantheon Technologies, Inc., a Florida Corporation (refered
to herein as the "Company"), in order to assist the Company in obtaining new
investors in the Company's stock and in responding to inquiries from
shareholders and the investment community.
SERVICES
--------
THOR will provide various services to the Company during the term of this
Agreement in order to promote the Company and its business objectives to the
investment conununity. The services to be provided by THOR during the term of
this Agreement shall include but not be limited to the following:
Review and analyze the Company's financial data and business plan and make
recommendations to strengthen the Company's position in the financial market:
Introduce market makers and broker-dealers to the Company;
Introduce investors, potential shareholders, and other sources of capital to
the Company;
Advise the Company on matters relating to shareholders relations;
Assist the Company in communica:ting on a regular basis with its shareholders,
Assist the Company with the distribution of all press releases to the Business
wire, Dow Xxxxx News service, Bloomberg News Service, Reuters News Seevice. Fax
broadcast press releases to company shareholders.
FEES
----
Set forth below are the fees payable to undertake this eagagement;
Expenses
THOR shall be responsible for all of its costs and expenses incurred in the
peformance of its obligations and responsibilities outlined above. If Company
should terminte ths Agreement without giving THOR 30 day advance notice, or if
THOR should terminate this Agreernent due to Company's failure to comply with
the terms of this Agreement, Company shall be responsible for any cost incurred
after notice of said termination.
Additional Expenses
Any additional costs such as printed matter, brochures for the Company;
advertising in financial newspapers, financial newsletters, magazines, internet
advertising, mass mailers, postage, travel and trade show expenses, 900 toll
free pbone call services, or any additional expenses over and above THOR's
consulting fees shall be at the sole expense of the Company. THOR shall consult
1 of 3
with the Company before any decisions are made with the above referenced
additional costs.
Consulting Fees
---------------
Consulting fees are as follows:
100,000 free trading shares of Pantheon Technologies, Inc., Symbol: PTTK
THOR will provide various services to the Company during the term of this
Agreement in order to promote the Company and its business objectives to the
investment community. The Company acknowledges that THOR may use all or part of
these free trading shares to conduct promotional services.
TERMINATION
-----------
This Agreement shall be month-to-month from the date of execution. The indemnity
and disclosure provisions contained heron will remain operative and in full
force and effect after termination of this Agreement. THOR may terminate this
Agreement upon 30 days written notice in the event that the Company does not
fully cooperate with THOR or THOR determines that the Company's actions are not
in substantial compliance with all rules and regulations, whether local, state
or federal, provided, that Company will have 20 days from the receipt of said
notice to cure any default.
INDEMNIFICATION
---------------
Each party to this Agreement hereby agrees to indemnify and hold harmless the
other party and its affiliates, successors, directors, officers, employees and
agents from all claims, demands, judgment, expenses or fees arising out of said
party's good faith and non-negligent performance, of the duties and obligations
set forth herein.
DISCLOSURE
----------
All non-public written or oral information given to THOR by the Company will be
treated by THOR as confidential information and THOR agrees not to make use of
such information other than for the performance of this Agreement, and shall not
disclose or relase such information other than to: (I) third parties while
performing its services pursuant to this Agreement, and (II) the appropriate
executive officers of the Company or as directed or permitted by such executive
officers, in writing.
2 of 3
ENTIRE AGREEMENT, ETC.
----------------------
This Agreement sets forth the entire understanding of the parties relating to
the subject matter hereto and supersedes and cancels any prior communications,
understandings, and agreements between the parties relating to such subject
matter. This Agreement cannot be modified or changed, nor can any of its
provision be waived, except by written agreement signed by all parties.
GOVERNING LAWS AND JURISDICTION
-------------------------------
This Agreement shall be governed by the laws of the State of Arizona without
regard to the principles of conflict of laws. And or any other state that the
company may incorporate in.
COUNTERPARTS
------------
This Agreement may be executed in counterparts, each of which, when taken
together, shall constitute one original document. The execution of this
Agreement may be evidenced by the transmission of telecopied or facsimile
signatures, which will have full binding effect.
ARBITRATION
-----------
Any controversy, claim or dispute arising out of or resulting from this
Agreement, or the breach thereof that cannot be resolved by negotiation, shall
be resolved by arbitration, to be held in Arizona in accordance with the rules
and regulations of the Americam Arbitration Association. Failure of a party to
participate or cooperate shall constitute grounds for default judgment. The
arbitrator shall award legal fees and costs to the prevailing party. The
decision of the arbitrator shall remain final.
/s/ Xxxxxx X. Xxxxxxx, Xx. /s/ Xxxxxxx Xxxxxxxxx
---------------------------------- ------------------------------
Xxxxxx X. Xxxxxxx, Xx. Xxxxxxx Xxxxxxxxx
President, Thor Equity Group, Inc. President, Pantheon Technologies, Inc.
Date: October 13th , 1998 Date: October 13th, 1998
3 of 3
This Subscription is accepted by XxxxxxXxxxxx.xxx, Inc., as of the ______
day of ____________________ , 1999.
XxxxxxXxxxxx.xxx, Inc.
By :_______________________________
Director