Finder's Fee Letter Agreement between SafedoX, Inc. and John A. King (June 14, 2011)

Summary

SafedoX, Inc. and John A. King have agreed that Mr. King will introduce potential investors to SafedoX for its private offering. In return, Mr. King will receive one share of SafedoX common stock for every $3.00 invested by those he introduces, provided he only makes introductions and does not act as a broker. Mr. King must notify SafedoX in writing of each potential investor, and if the investor is not already known to SafedoX, he will be entitled to the finder's fee if the investor invests. The agreement is effective as of June 14, 2011.

EX-10.31 2 v301627_ex10-31.htm

EXHIBIT 10.31

June 14, 2011

Mr. John A. King

213 N. Bridge Creek Drive

Jacksonville, Florida 32259

This letter will serve to memorialize our agreement with respect to payment of finder's fees for your services in introducing us to investors who potentially would be interested in considering an investment in our company, pursuant to our current private offering.

We are seeking capital with which to establish our SafedoX^TM products in their markets and are seeking to locate potential investors. You have agreed to use your best efforts to introduce our company to investors who potentially would be interested in making an investment in our company.

In consideration of your efforts under this agreement, we have agreed to pay to you shares of our common stock at the rate of one share for every $3.00 invested by each investor introduced to us by you.

In performing your duties as a finder, you are to do no more than refer potential investors to us and to make introductions of them. You agree not to perform any services that would normally be performed by a licensed securities broker or dealer, as you will not be acting in such capacity. When you have made an introduction, you will have performed all of the service required for you to have earned the described finder's fee, should such referred potential investor invest funds in our company. You will be paid your cash compensation at such time as we have received available funds from an investor introduced to us by you.

With respect to introductions to be made by you, you are to advise us in writing, including by e-mail to ***@***, of the identity of such potential investor. If such referred investor is already known to us and is an investor with whom we have an existing relationship through our own efforts, we will advise you within three (3) days of the date we receive your notice of reference, and you will not be considered a finder as to that potential investor. If we do not so advise you within such three-day period, you will be considered a finder as to that potential investor.

If this letter properly reflects your understanding, please indicate such in the space below.