FINDER?S FEE AGREEMENTFee Agreement |
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FINDERS FEE AGREEMENT
THIS AGREEMENT made as of August 1st, 2007.
BETWEEN:
Star Resorts Development Inc of 1221 Brickell Av. , 9th Floor, Suite 900, Miami, FL, 33131.
(the Company)
AND:
Massimiliano Pozzoni of 9 McGregour Court, Fanshaw St. , London, United Kingdom
(Finder)
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WHEREAS: |
A. Finder has introduced, and is able to further introduce, certain potential financiers directly or indirectly to the Company;
B. The parties have agreed to the payment by the Company to Finder of certain fees respecting the provision of the services if a Financing (as defined below) can be arranged.
NOW THEREFORE this Agreement witnesses that in consideration of the premises and mutual covenants and agreements contained herein, the parties agree as follows:
| 1. | In this agreement the following terms shall have the following meanings: | |
| (a) | Finders Fee has the meaning assigned thereto in Section 3 hereof; | |
| (b) | Financier is a person who completes a Financing with the Company and who must be: | |
CW1178487.1
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| (i) | an accredited investor which is defined as a natural person who meets the definition of Accredited Investor in Rule 501 of Regulation D of the United States Securities Act of 1933, as amended; or |
| (ii) | a non-US Person or defined in Regulation S of the United States Securities Act of 1933, as amended; |
| (c) | Financing means any debtor or equity investment of a portion or an interest in the Company made or arranged by or through the efforts of any party introduced directly or indirectly by Finder; and |
| (d) | Term has the meaning assigned thereto in Section 2 hereof. |
| 2. | This Agreement will commence as of the date first above written and will continue in full force and effect for a period of 12 months thereafter (the Term). | |
| 3. | Finder agrees to introduce the Company and its business to potential Financiers who, in Finders opinion, may be interested in providing a Financing to the Company. | |
| 4. |
The Company hereby agrees to pay to Finder a finders fee (the Finders Fee) equal to 3.5% of the gross proceeds in connection with a Fi
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