UMeWorld, Ltd. (ALRXF)

[jackfree]

Alpharx and Grand Eastern Financial Group Material Definitive Agreement

It is good to see that they only have to pay Grand Eastern Financial Group a finders fee if the deal actually goes through and for only 5%. I see many other companies just dilute and pay these advisors in shares that end up getting dumped right after and drop the share price.

Alpharx and Grand Eastern Financial Group Material Definitive Agreement

3. Compensation

The Company hereby agrees to pay the Advisor, as compensation for its services hereunder, a transaction fee (the “Transaction Fee”). The Transaction Fee is the sole compensation that the Advisor shall receive. Advisor is not required to travel or incur expenses in the completion of this engagement and as such the Transaction Fee shall be the sole compensation to Advisor under this agreement. In the event the Company consummates at any time one or more Transactions pursuant to a definitive agreement or letter of intent or other evidence of commitment entered into during the Term, the Company agrees to pay Advisor a fee equal to 5% of Transaction Value.