EMPLOYEE AGREEMENT
This Employee Agreement (the "Agreement") is entered into this _11th_
day of April, 2001 by and between Cormax Business Solutions Inc, a Utah
Corporation (the "Company") and Xxxx Xxxxx (the "Employee").
WHEREAS, the Consultant is engaged in providing Treasury and Financial
Services; WHEREAS, the Company desires to engage Employee to provide Treasury
and Financial Services; and NOW THEREFORE, in consideration of the mutual
covenants contained herein and other good and valuable consideration receipt
whereof is hereby acknowledged it is agreed.
1. The Company hereby engages the Employee and the Employee hereby accepts
this engagement on a non-exclusive basis from the date hereof up to and
including one year pursuant to the terms and conditions of this Employee
Agreement.
2. Employee shall use its best efforts to assist the Company in providing
Treasury Services, including setting up and administrating all banking
facilities, as well as, processing accounts receivable and accounts payable
and maintaining accurate records and to assist the Corporate Controller in
the preparation of the Corporate financial statements;.
3. In order to assist Employee with his duties, the Company will provide
Employee with such information, as may be required by Employee.
4. In consideration for services previously provided, Employee shall receive a
fee equal to 130,000 shares of the company's common stock.
5. Except as otherwise provided herein, any notice or other communication to
any party pursuant to or relating to this Agreement and the transactions
provided for herein shall be deemed to have been given or delivered when
deposited in the United States Mail, Canada Post, registered or certified,
and with proper postage and registration or certification fees prepaid,
addressed at their principal place of business or to such other address as
may be designated by either party in writing.
6. This Agreement shall be governed by and interpreted exclusively pursuant to
the laws of the Province of Alberta. In the event of any breach of this
Agreement, the prevailing party shall be entitled to recover all costs
including reasonable attorney's fees and those that may be incurred on
appeal.
7. This Agreement may be executed in any number of counterparts, each of which
when so executed an delivered shall be deemed an original, and it shall not
be necessary, in making proof of this Agreement to produce or account for
more than one counterpart.
IN WITNESS WHEREOF, the parties hereto have subscribed their hands and
seals the day and year first above written.
EMPLOYEE: COMPANY:
/s/ Xxxx Xxxxx Cormax Business Solutions Inc.
------------------------ By: /s/ Xxxx Xxxxxxxx
Xxxx Xxxxx -----------------------------
Xxxx Xxxxxxxx, President
