EXHIBIT 10.8
ADDENDUM TO CONSULTING SERVICES AGREEMENT
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XXXXXX & ASSOCIATES STRATEGIC INVESTMENTS, INC. ("G&A"), and PINNACLE
BUSINESS MANAGEMENT, INC. ("Pinnac1e"), enter this Addendum ("Addendum") to the
Consulting Services Agreement the ("Agreement") executed on May 19, 1999.
WHEREAS, G&A entered into the Agreement for the purpose of providing to
Pinnacle contacts with potential strategic partners to enter a business
development arrangement to benefit Pinnacle and a strategic partner. G&A has
rendered and will render business development services in connection with the
proposed business venture. The individuals listed herein have assisted and will
assist Pinnacle in developing the same business venture as G&A. The Agreement
provides that G&A may instruct Pinnacle to issue stock to nominees designated by
G&A as compensation for services under the Agreement.
Now THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the parties agree as follows:
1. The individuals listed on Exhibit A have rendered and will render
business development services to Pinnacle. Pinnacle agrees issue the
number of shares listed on Exhibit A to each designated individual as
compensation for the consulting services they have rendered and will
render to Pinnacle.
2. The individuals listed on Exhibit A are hereby named by G&A as the
nominees to whom Pinnacle shall issue the number of shares listed on
Exhibit A, for their services under the Agreement and this Addendum.
3. The individuals listed on Exhibit A have rendered and will render their
consulting services to Pinnacle on the same terms as those stated
in the Agreement between G&A and Pinnacle.
4. This Addendum may be signed in multiple counterparts, which together will
constitute one original document.
Agreed and executed to be effective as of May 19, 1999.
XXXXXX & ASSOCIATES PINNACLE BUSINESS
STRATEGIC INVESTMENTS, INC. MANAGEMENT, INC.
_____________________________ _________________________________
Exhibit "A" to
Addendum to Consulting Services Agreement
Consultant Number of Shares
Xxxxxx X. Xxxxxx 20,414,620
Xxxx X. Xxxxxx 8,324,515
Xxxxxx X. Xxxxxxxx 6,055,886
Xxxxx Xxxxxxxxx 1,000,000
Xxx X. Xxxxxx 7,500
Xxx X. Xxxxxx Trust 525,000
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TOTAL 36,327,521
