EXHIBIT 4. MODIFIED RETAINER AGREEMENT
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, LLP
ATTORNEYS AT LAW
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▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
PHONE: (▇▇▇) ▇▇▇.▇▇▇▇
FAX: (▇▇▇) ▇▇▇.▇▇▇▇
E-MAIL: ▇▇&▇@▇▇▇▇▇▇.▇▇▇
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February 8, 2001
▇▇▇▇▇▇▇ ▇▇▇▇▇,
VerticalBuyer, Inc.
▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, #▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Re: Modification to Retainer Agreement
Dear ▇▇. ▇▇▇▇▇:
Please accept this letter as confirmation that VerticalBuyer, Inc. (the
"Company"), has agreed to modify the retainer agreement dated August 4, 2000
(the "Retainer") between the Company and ▇▇▇▇▇▇ Gottbetter & ▇▇▇▇▇▇▇▇, LLP.
("KGL"), effective February 8, 2001.
The modification, which we understand was approved by the Company's Board of
Directors by written consent on February 8, 2001, is for the Company to pay down
$20,000 of its outstanding ▇▇▇▇ for legal services with shares of the Company's
common stock, $.001 par value. We understand that the outstanding ▇▇▇▇ will be
paid with 166,667 shares of common stock of VerticalBuyer, Inc.
The board of directors has approved the filing of a registration on Form S-8 for
these 166,667 shares.
The legal services, for which these shares are being registered and issued to
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, a partner of KGL, did not include any services in connection
with the offer or sale of securities in a capital raising transaction, and did
not directly or indirectly promote or maintain a market for the Company's
securities. Please note that this letter may be filed as an exhibit to the Form
S-8.
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In order to effectuate the modification of the Retainer, please sign this letter
and return it to my office. If you have any questions, please call me.
Sincerely,
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, LLP
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
ACCEPTED AND AGREED:
VERTICALBUYER, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇▇▇▇▇
President and Chief Executive Officer
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