Exhibit 10.17
CONSULTING AGREEMENT
THIS AGREEMENT is made and entered into as of the 2nd day of December, by
and between MR. XXX XXXXXX, hereafter called "Consultant", and PEDIATRIC
PROSTHETICS INC., a corporation based in the State of Texas, hereafter called
"Company"
WHEREAS, the COMPANY desires to engage Consultant as an independent
contractor to provide financial consulting efforts on behalf of the Company,
and; WHEREAS, CONSULTANT is willing and able to provide such services.
NOW THEREFORE, for and in consideration of the mutual promises and
obligations Contained herein and other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged the parties hereto agree
as follows:
1. Consultant Duties. Consultant shall provide financial counseling and advice
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for a period of one year from this date.
2. Independent Contractor. In the performance of the duties and obligations
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imposed under this Agreement, it is mutually understood and agreed
that Consultant is at all times acting and performing as an independent
contractor. It is agreed by the parties hereto that no work, act,
commission or omission of Consultant shall be construed to make or render
Consultant the agent or servant of the Company. Consultant shall pay all
applicable payroll and income , taxes, benefits and workers' compensation
in connection with the Services rendered.
Consultant warrants that this Agreement and the duties and
responsibilities attendant thereto are not in violation of any agreements
made with any other entity with which he is affiliated. Consultant will
defend and hold Company harmless from all costs, expenses, damages,
attorneys fees or other costs that may be incurred by the Company as a
result of any suit, arbitration or other proceeding to which Company is
made a party due to allegations of this Agreement violates other agreements
to which Consultant is a party.
3. Compensation.
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Consultant shall be compensated with 1 million Restricted shares of
the common stock of the Company.
4. Term.
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The term of the Agreement shall commence on the date first written
above, and shall continue for one year from said date.
5. Notices. Whenever under the terms of this Agreement written notice is
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required or permitted to be given by any party to any other party,
such notice shall be deemed to have been sufficiently given by if
personally delivered, delivered by overnight courier service such as
Federal Express, or deposited in the United States Mail, in a properly
stamped envelope, certified or registered mail, return-receipt-requested,
addressed to the party to whom it is to be given, at the address
hereinafter set forth. Any party hereto may change its respective address
by written notice in accordance with this section.
Consultant: Xxx Xxxxxx
0000 Xxxxxx Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxx, XX 00000
Company: Pediatric Prosthetics, Inc.
00000 Xxxxxxxxxxx Xx.
Xxxxxxx, XX 00000
6. Entire Agreement Amendment: This Agreement contains the sole and entire
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agreement between the parties with respect to Consultant's undertaking
to provide consulting services to the Company
10. Assignment. Consultant shall have no right to assign this Agreement nor any
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of the rights or obligations inuring to or imposed upon her herein,
and any attempted or purported assignment shall be null and void and of no
effect.
11. Governing Law. This Agreement shall be governed by the laws of the the
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State of (Texas)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
effective as of the date first written above.
By:
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Xxx Xxxxxx, Consultant
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Xxxxxxx. X. Xxxx
VP Operations, PEDIATRIC PROSTHETICS, INC.
