Fee Settlement Agreement between Xfone, Inc. and Oberon Securities, LLC for NTS Communications Acquisition

Contract Categories: Business Finance › Financing Agreements
Summary

Xfone, Inc. and Oberon Securities, LLC have agreed on the total fees owed to Oberon Securities for its services related to Xfone's acquisition of NTS Communications, Inc. Xfone will pay Oberon Securities $1,200,000 in three installments: $400,000 by March 7, 2008, $400,000 by May 1, 2008, and $400,000 by July 1, 2008. This agreement settles all outstanding fee obligations for these services, excluding any retainer payments already due or paid.

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EX-10.121 3 ex10121.htm EXHIBIT 10.121 ex10121.htm


March 5, 2008
Mr. Guy Nissenson
Xfone, Inc.
2506 Lakeland Drive
Jackson, MS 39232
United States

Fees Due to Oberon Securities, LLC from Xfone, Inc. in connection with services provided in conjunction with the acquisition of NTS Communications, Inc.

Dear Mr. Nissenson:

Reference is made to that certain Financial Consulting Agreement by and among Xfone, Inc. ("Xfone") and The Oberon Group, LLC, dated February 12, 2004 (as amended, modified, supplemented, assigned and/or novated from time to time, including but not limited to the modification made on October 9, 2007, the “February 12, 2004 Agreement”).

This letter serves as a negotiated agreement of all fees due to Oberon Securities, LLC (“Oberon Securities”) in conjunction with the acquisition of NTS Communications, Inc., including the associated financing (but excluding all current and past due retainer payments).

The following reflects the agreement between the parties with respect to total and final consideration due to Oberon Securities pursuant to the February 12, 2004 Agreement and subsequent negotiations between the parties for said services / transactions: $1,200,000 in cash which shall be paid by Xfone to Oberon Securities as follows: (i) $400,000 no later than March 7, 2008 (ii) $400,000 no later than May 1, 2008 and (iii) $400,000 no later than July 1, 2008.

I look forward to continuing to work with Xfone on its financing and M&A needs.

Best regards,

/s/ Adam Breslawsky
Adam Breslawsky


Agreed to by:

/s/ Guy Nissenson
Guy Nissenson
Xfone, Inc.
President and
Chief Executive Officer