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Letter of
Engagement
Thinkpath, Inc.
July 7,
2005
The following sets forth the agreement for the engagement of Financial Media
Relations, LLC. ("FMR") by Company Name ("Thinkpath, Inc"
or the "COMPANY"):
TERM Twelve months,
commencing as of the date set forth above (the
"Initial
Term"), and terminable thereafter by either party
upon 30 days' prior
written notice.
OBJECTIVE The development and
implementation of a proactive marketing
program to increase the
awareness of the Company and generate
a significant increase
in the liquidity and market
capitalization. In
addition, upon request, FMR will advise the
Company in business
development and strategic advisory
services.
THE PROGRAM FMR will structure and
implement a marketing program designed
to create extensive
financial market and investor awareness
for the Company to
drive long-term shareholder support. The
core drivers of the
program will be to create institutional
and retail buying in the
Company's stock through a proactive
sales and marketing
program emphasizing technology-driven
communications, coupled
with 1-to-1 selling and leveraging the
Company's image to
attract additional long term investors and
to create additional
opportunities in M&A and Business
Development. As share
price is affected by various factors,
FMR can give no
assurance that the marketing program will
result in an increase in the Company's
stock price.
FMR understands that
during any period in which the Company is
in
"registration" for a public offering of securities under
the Securities Act of
1933, and during the distribution of
such securities, the
Company's investor relations and
marketing efforts will
be severely limited. However, it will
be the responsibility
of the Company (with the advice of its
securities counsel) to
determining what investor relations and
financial marketing
efforts are permissible and
non-permissible during
such periods, and FMR will follow the
direction of the Company and its securities
counsel.
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<PAGE>
RESPONSIBILITIES In addition to
marketing and financial public relations, FMR
will assume the
responsibilities of an in-house Investor
Relations Officer for
the Company on a full turnkey basis,
including the
generation of corporate and shareholder
communications, retail
and institutional investor contact and
media. FMR will work in
conjunction with the Company's
management, securities
counsel, investment bankers and
auditors and under
supervision of management. The content is
as follows:
o Campaign Development and Execution
o Press Annnouncements: drafting, approval
and
distribution
o Database Development and Management
o Image Analysis: recommendations and
implementation
o Messaging: institutional and retail
o Online presentations, drafting and
production
responsibilities
o Website Overhaul - installation and maintenance
of auto
IR program
o Email messaging: targets; Retail and
Institutional /
Other databases
o Media including interactives and
PowerPoints
o
Direct Mail: shareholder, media, XYZ relationship
universe
o Public Relations
o Capital Conference
FEES $ 10,000.00 due on
execution of contract. $10,500.00 due and
payable three weeks after
execution of contract. Five weeks
after execution of
contract, the Company begins paying
$7,500.00 per month
until the next registration statement is
effective. Upon
effectiveness, the Company will pay $12,500.00
per month plus the
deferred discount ($5,000.00 per month)
while waiting for the
registration statement to become
effective.
COMPENSATION a) As soon as
practicable after the execution of this
Agreement, the Company
agrees to issue to FMR an option (the
"Option to
purchase 500,000 shares of common stock of the






