FINANCIAL COMMUNICATIONS CONSULTING
AGREEMENT
This consulting agreement
(“Agreement”), effective as of September 10, 2008, is
entered by and between CX2 Technologies is a Nevada corporation
(“the Company or “Company”) and Wall Street
Resources, Inc., a Florida corporation
(“Consultant”).
RECITALS
WHEREAS
, the Company is a public company
with its shares of common stock trading under the symbol
“CXTO” on the OTCBB exchange in the United States;
and
WHEREAS
, Consultant has experience in the
area of security analysis, corporate finance, investor
communications; and
WHEREAS
, the Company desires to engage the
services of Consultant to provide written financial materials
including, but not limited to, comprehensive Analytical Profiles,
Summary Reports and Equity Notes, as well as providing investor
relations services and communications with existing shareholders,
brokers, dealers and other investment professionals, as to the
Company’s current and proposed activities;
NOW THEREFORE
, in consideration of the premises
and the mutual covenants and agreements herein set forth, and
intending to be legally bound, the Company and Consultant agree as
follows:
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1.
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Term of Consultancy
. The Company engages Consultant to
act in a consulting capacity to the Company, and Consultant agrees
to provide services to the Company commencing on the date first set
forth above and ending twelve months after the execution of this
agreement (the “term of this Agreement”).
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2.
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Duties of
Consultant . The
Consultant will generally provide the following consulting services
(the “Services”) during the term of this
Agreement:
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a.
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Provide written analytical
coverage and reports, advise and assist the Company in developing
and implementing appropriate plans and materials for presenting the
Company and its business plans, strategy and objectives to the
financial community;
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b.
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Write and disseminate four
comprehensive Analytical or Corporate Profiles and or
Updates regarding the Company to shareholders, brokers,
dealers and other investment community professionals and the
general investing public within the Consultant’s
network;
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c.
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Create and update 2 page glossy
fact sheet;
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d.
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Create and update two to six
Summary Reports ;
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Initial ______,______
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e.
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Write and distribute Equity
Notes when applicable during contract period;
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f.
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Include a company write up in 12
monthly newsletters;
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g.
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Include a company write up in 240
daily newsletters;
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h.
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Featured the company on
WSR’s website with dedicated landing page;
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3.
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Allocation of Time and
Energies . The Consultant
will perform the Services in a professional manner in accordance
with accepted industry standards and in compliance with applicable
securities laws and regulations. Although no specific hours-per-day
requirement will be required, the parties acknowledge and agree
that a disproportionately large amount of the effort to be extended
and the costs to be incurred by the Consultant, and the benefits to
be received by the Company, are to be expected to occur upon and
shortly after, and in any event, within two months of the
effectiveness of this Agreement. It is explicitly understood that
Consultant’s performance of its duties hereunder will in no
way be measured by the price of the Company’s common stock,
nor the trading volume of the Company’s common stock. It is
understood that the Company is entering into this Agreement with
the understanding that Gerald N. Kieft and or Paul Silver will be
the principal(s) of Consultant during the entire term of this
Agreement.
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4.
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Remuneration
. As full and complete compensation
for Consultant’s agreement to perform the Services, the
Company shall compensate the Consultant as follows:
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a.
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For undertaking this engagement
and for other good and valuable consideration, the Company agrees
to issue and deliver to the Consultant a “Commencement
Bonus”, payable in the form of 1,000,000 shares of the
Company’s 144 restricted Common Stock (“Common
Stock”) and $0.00 in cash. The 144 restricted Common Stock
portion of the Commencement Bonus shall be issued to the Consultant
immediately following execution of this Agreement and shall, when
issued to the Consultant, be fully paid and non-assessable. The
Company understands and agrees that Consultant has forgone
significant opportunities to accept this engagement and the Company
derives substantial benefit from the execution of this Agreement
and the ability to establish its relationship with Consultant. The
shares of Common Stock issued as a Commencement Bonus, therefore,
constitute payment for Consultant’s agreement to consult with
the Company and are a nonrefundable and non-ratable retainer (with
the exception of the provisions set forth in Section 15 below).
Such Shares are not a prepayment for future services. If the
Company attempts to terminate this Agreement prior to the
expiration of
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its term for any reason
whatsoever, it is agreed and understood that Consultant will not be
requested or demanded by the Company to return any of the Shares
paid to it hereunder. Consultant aggress to a leak out provision
for the Common Stock and is limited to selling 200,000 shares per
month once the restriction has been lifted from the
certificate.
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b.
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The Company will also pay the
Consultant a $5,000 per month maintenance fee which is due on the
15 th of each month with the 1 st payment due
immediately upon the execution of this agreement. However,
Consultant aggress to accrue to 1 st two payments for up
to sixty (60) days from the signing of this contract, as well as
accruing $2,000 of the $5,000 monthly maintenance fee for up to six
(6) months.
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c.
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All shares of the Common Stock
issued pursuant to this Agreement shall be issued in the name of
Consultant. The Company agrees that all shares of Common Stock
issued to Consultant hereunder shall carry “piggyback
registration rights” whereby such shares will be included in
the next Registration Statement filed by the Company with the
Securities and Exchange Commission (“SEC”), pursuant to
which such shares and options could be registered, and Company will
use its best efforts to cause such Registration Statement to be
declared effective by the SEC as soon as possible thereafter. It is
further agreed that if at any time during the term of this
agreement, the Company or substantially all of the Company’s
assets are merged with or acquired by another entity, or some other
change occurs in the legal entity that constitutes the Company, the
Consultant shall retain and will not be requested by the Company to
return any of the Common Stock issued to Consultant.
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d.
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Consultant acknowledges that the
shares of Common Stock to be issued pursuant to this Agreement
(collectively, the “Shares”) have not been registered
under the Securities Act of 1933 and accordingly are
“restricted securities” within the meaning of Rule 144
of the Act. As such, the shares may not be resold or transferred
unless the Company has received an opinion of counsel reasonably
satisfactory to the Company that such a resale or transfer is
exempt from the registration requirements of Rule 144 of the
Act.
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5.
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Finder’s
Fee
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a.
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If, during the term of this
Agreement, or within one-year thereafter, any Fee Transaction(s)
(as herein defined) occur(s), then the Company shall pay to
Consultant a finder’s fee (the “Fee”) as follows
and is herein defined).
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b.
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WSR Funding Referral
Fees
Funding/Transaction
Amount
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Fee
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$
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100,000 to $250,000
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$
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5,000
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$
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250,000 to $500,000
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$
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10,000
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$
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500,000 to $750,000
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$
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15,000
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$
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750,000 to $1 million
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$
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20,000
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$
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1 million to $2.49
million
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$
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30,000
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$
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2.49to $5 million
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$
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50,000
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$
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5 to $10 million
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$
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100,000
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$
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10 million plus
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$
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150,000
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c.
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The term “Fee
Transaction” means any investment made directly or indirectly
in, or debt financing provided to or for the benefit of, the
Company or its shareholders by any third party originally
introduced by Consultant to the Company during the term of this
Agreement and not previously known to the Company or its
consultants. The term “Consideration” means the
aggregate amount of cash and the fair market value (on the date of
payment) of securities or assets received by, or for the benefit
of, the Company or its shareholders in connection with a Fee
Transaction. “Consideration” includes, but is not
limited to, the total fair market value of (a) cash, securities,
assets
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