Servicing Agent Agreement (3K)
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Wellstone Communities Inc.
5,000,000 shares of Preferred Stock
SERVICING AGENT AGREEMENT
Date: June 10, 2003
To Wellstone Securities Inc.:
Wellstone Communities Inc., a Georgia corporation ("Company"), hereby
confirms its agreement with Wellstone Securities Inc. ("Servicing Agent"), a
broker-dealer registered with the Securities and Exchange Commission
("Commission") and a member of the National Association of Securities Dealers,
Inc. ("NASD"), as follows:
1. Introduction.
Terms used in this agreement have the meanings given them in the
attached Sales Agency Agreement. Servicing Agent is an Agent under the Sales
Agency Agreement and will have the additional responsibilities and compensation
in connection with the Offering described in this agreement.
2. Servicing Agent's Responsibilities.
Servicing Agent will have these responsibilities in connection with the
Offering, as well as any other responsibilities as from time to time agreed upon
by Servicing Agent and the Company:
a. Selecting Agents. Servicing Agent will identify and learn about any
registered broker-dealer that it recommends to the Company as an Agent for the
offering. If the Company agrees with the recommendation, it will enter into a
Sales Agency Agreement with the recommended broker-dealer.
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