Document:

ex48.htm

FORM OF NOTICE OF GUARANTEED DELIVERY

FOR

RIGHTS CERTIFICATES

ISSUED BY

XFONE, INC.

 

This form, or one substantially equivalent hereto, must be used to exercise the non-transferable, non-tradable subscription rights (the “Rights”) pursuant to the rights offering (the “Rights Offering”) as described in the prospectus dated [●], 2011 (the “Prospectus”) of Xfone, Inc., a Nevada corporation (“the Company”), if a holder of Rights cannot deliver the certificate(s) evidencing the Rights (the “Rights Certificate(s)”), to the U.S. Subscription Agent listed below (the “U.S. Subscription Agent”) prior to 5:00 p.m., New York City time (midnight Israel time), on [●], 2011, (as it may be extended, the “Expiration Date”). Such form must be delivered by hand, first class mail or overnight courier to the U.S. Subscription Agent, and must be received by the U.S. Subscription Agent prior to the Expiration Date. See “The Rights Offering-Method of Exercising Subscription Rights” in the Prospectus.

 

Payment of the Subscription Price of $0.30 per share of the Company’s common stock subscribed for upon exercise of such Rights must be received by the U.S. Subscription Agent in the manner specified in the Prospectus prior to the Expiration Date even if the Rights Certificate(s) evidencing such Rights is (are) being delivered pursuant to the Guaranteed Delivery Procedures thereof. See “The Rights Offering-Method of Exercising Subscription Rights” in the Prospectus.

Address for U.S. Subscription Agent:

Transfer Online, Inc.

512 SE Salmon Street

Portland, OR 97214, USA

Telephone Number for Information:

Institutional Marketing Services

+1 (203) 972-9200

 

Delivery of this instrument to an address other than as set forth above

Does not constitute a valid delivery

 

Ladies and Gentlemen:

 

The undersigned hereby represents that the undersigned is the holder of Rights Certificate(s) representing Right(s) and that such Rights Certificate(s) cannot be delivered to the U.S. Subscription Agent prior to the Expiration Date. Upon the terms and subject to the conditions set forth in the Prospectus, receipt of which is hereby acknowledged, the undersigned hereby elects to (i) exercise the Basic Subscription Privilege to subscribe for one share of Common Stock with respect to each of the Rights represented by such Rights Certificate(s) and (ii) exercise the Oversubscription Privilege relating to such Rights, to the extent that shares of Common Stock that are not otherwise purchased pursuant to the exercise of Rights are available therefor, subject to availability and allocation as described in the Prospectus.

The undersigned understands that payment of the Subscription Price of $0.30 per share of Common Stock subscribed for pursuant to the Basic Subscription Privilege and the Oversubscription Privilege must be received by the U.S. Subscription Agent prior to the Expiration Date, and represents that such payment, in the aggregate amount of $___________ either (check appropriate box):

 

	
 ̈

	
  

	
is being delivered to the U.S. Subscription Agent herewith

	  	  
	  	
  

	
Or

	
 ̈

	
  

	
has been delivered separately to the U.S. Subscription Agent in the manner set forth below (check appropriate box and complete information relating thereto):

	  	  
	
 ̈

	
  

	
Certified check

	  	  
	
 ̈

	
  

	
Bank draft (cashier’s check)

	  	  
	  	
  

	
Date of check, or draft:___________________

	  	  
	  	
  

	
Check, or draft number:__________

	  	  
	  	
  

	
Bank on which check is drawn or issued: ________________________________________________________

 

	
  

	
   

	
    

	
Signature(s)

	
   

	
Address

	  	  	  
	
  

	
   

	
    

	
Names

	
   

	
   

	  	  	  
	
  

	
   

	
    

	
(Please type or print)

	
   

	
Area Code and Tel. No.(s)

	
Rights Certificate No(s). (if available)

	
   

	
   

 

GUARANTEE OF DELIVERY

(Not to Be Used for Rights Certificate Signature Guarantee)

 

The undersigned, a member firm of a registered national securities exchange or of the Financial Industry Regulatory Authority, or a commercial bank or trust company having an office or correspondent in the United States, or a bank, stockbroker, savings and loan association or credit union with membership in an approved signature guarantee medallion program, pursuant to Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended, guarantees that the undersigned will deliver to the U.S. Subscription Agent the certificate(s) representing the Rights being exercised hereby, with any required signature guarantee and any other required documents, all within three (3) business days after the date hereof.

Dated:___________________________

	  	  	  
	
  

	
   

	
    

	
(Address)

	
   

	
(Name of Firm)

	  	  	  
	
  

	
   

	
    

	
(Area Code and Telephone Number)

	
   

	
(Authorized Signature)

The institution that completes this form must communicate the guarantee to the U.S. Subscription Agent and must deliver the Rights Certificate(s) to the U.S. Subscription Agent within the time period shown in the Prospectus. Failure to do so could result in a financial loss to such institution.ES Filed by Filing Services Canada Inc. 403-717-3898

 

AMENDMENT TO

INVESTOR RELATIONS CONSULTING AGREEMENT

THIS AMENDMENT to the original CONSULTING AGREEMENT (the "Agreement")  dated April 15th, 2010, is in addition to the general terms and conditions of the CONSULTING AGREEMENT, and serves to modify ONLY the terms and conditions described herein,

BETWEEN

PLAY LA INC.

20 Mount Clapham

St. Michael, Barbados

BB14005

(the "Company")

AND

THORSTEN KOSTER

TKIR Group

Birkenweg 4

Windach  86949

Germany

 

(the "Consultant)

WHEREAS:

A. 

the Consultant is in the business of assisting public companies in financial advisory, and investor and public relations strategies; and

B. 

the Company wishes to engage the services of the Consultant in relation to the development and execution of certain investor and public relations strategies for the Company

C. 

The Company and the Consultant wish to modify certain terms and conditions to the Consulting agreement due to an unforeseen delay in delivery of services due to illness suffered by the Consultant

NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties agree to modify the original Consulting Agreement, Dated April 15th, 2010 as follows:

5. EFFECTIVE DATE, TERM AND TERMINATION

The Effective Date of this Agreement shall commence on MARCH 1st, 2011 and shall continue for a period of 12 months or until terminated by the Company in its sole discretion. The Company may terminate this Agreement at any time by providing written notice to the Consultant. For the purposes of accruing compensation due, this Agreement shall unfold in four phases hereinafter referred to as Phase 1, Phase 2, Phase 3, and Phase 4. Phase1 shall commence on the Effective Date and continue for a period of three months. The Company may,
in its sole discretion, provide notice to the Consultant to proceed with Phase 2. Subject to the Company's aforementioned prior approval, Phase 2 shall commence three months following the Effective Date and shall continue for three months. Phase 3 shall commence six months from the effective date, and Phase 4 shall commence nine months from the effective date, all subject to similar approval terms by the Company. This Agreement will not be binding on the Company until it is approved by the Company's Board of Directors. 

6. COMPENSATION AND PAYMENT OF EXPENSES.

(a)

The Company agrees to pay the Consultant or its nominees compensation (the "Compensation") according to the following table:

				
	

PHASE

	

DUE DATE

	RESTRICTED COMMON SHARES OF THE COMPANY PAYABLE and/or Amount

	

PAYEE

	     Phase I

	By or Before March 1st, 2011

	     EUR 30,000

	Thorsten Koster

	

     Phase I

	By or Before March 1st, 2011

	 

   62,500 Shares

	

Thorsten Koster

	

     Phase II

	Issuable 6 months following effective date. Subject to the Company’s prior Approval

	

   62,500 Shares

	

Thorsten Koster

	

     Phase II

	Issuable 6 months following effective date. Subject to the Company’s prior Approval

	

EUR 20,000

	

Thorsten Koster

	

     Phase III

	Issuable 9 months following effective date. Subject to the Company’s prior Approval

	

   62,500 Shares

	

Thorsten Koster

	

     Phase IV

	Issuable 12 months following effective date. Subject to the Company’s prior Approval

	

   62,500 Shares

	

Thorsten Koster

The Company acknowledges that at the time of writing this Amendment, both Phase I compensation payments listed in the above table have been made and received by the Consultant. The Company will act to have the 144 restriction legend on the Phase I 62,500 shares removed immediately.

10.  MISCELLANEOUS PROVISIONS

(i)

If the Company deems the Consultant has not been able to deliver services as agreed within the Phase I period ( 90 days ), the Company may provide notice of termination of this Agreement to the Consultant, within 30 days following the end of Phase I; and under such notice, the Consultant will be required to reimburse the Company 70,000 Euros upon receipt of such notice.

IN WITNESS WHEREOF this Amendment to the original Consulting Agreement has been executed by the parties to it, and is effective as of the date of the last signature appearing below.

PLAY LA INC.

By:      /s/ David Hallonquist______                     

Date:           _22 Feb 2011______                             

David Hallonquist, CEO

By: __/s/ Thorsten
Koster        

Date:

       _22 Feb 2011_______

THORSTEN KOSTER

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]