1
EXHIBIT 4.24
PROFESSIONAL SERVICES AGREEMENT
Between Registrant and Xxxxxxx XxXxxxxx
2
PROFESSIONAL SERVICES AGREEMENT
THIS AGREEMENT MEMORIALIZES AN AGREEMENT BETWEEN HELIONETICS, INC., WITH ITS
PLACE OF BUSINESS AT 0000 XXXXXXXXXXX XXXXXX, XXX XXXX, XXXXXXXXXX 00000 (HEREIN
REFERRED TO AS "CLIENT") AND XXXXXXX XXXXXXXX WITH HIS\THEIR PLACE OF BUSINESS
AT IN REFERRED TO AS "EMPLOYEE\CONSULTANT") AS THROUGH AUGUST 1996. IN
CONSIDERATION OF THE MUTUAL COVENANTS CONTAINED HEREIN AND OTHER VALUABLE
CONSIDERATION, THE RECEIPT AND ADEQUACY OF WHICH IS ACKNOWLEDGED, THE PARTIES DO
HEREBY AGREE AS FOLLOWS:
I. QUALIFICATION: THE EMPLOYEE HAS SPECIAL SKILL AND AND EXPERIENCE IN
CERTAIN FIELDS OF ACTIVITY IN WHICH THE CLIENT IS INTERESTED.
II. SERVICES RENDERED: CLIENT ENGAGED THE NONEXCLUSIVE SERVICES OF
EMPLOYEE IN 1995\1996 AND EMPLOYEE RENDERED SUBSTANTIAL SERVICES TO
CLIENT OVER THE PERIOD AS AGREED UPON.
III. COMPENSATION: THE CLIENT ISSUED TO EMPLOYEE AN AMOUNT OF 50,000
RESTRICTED SHARES OF THE CLIENT'S COMMON STOCK, IN PAYMENT IN FULL
FOR THE AFORESAID SERVICES RENDERED THROUGH THE PERIOD AGREED UPON.
IV. ENTIRE AGREEMENT: THIS DOCUMENT REPRESENTS THE COMPLETE AGREEMENT
BETWEEN THE PARTIES AND MAY BE MODIFIED OR AMENDED ONLY BY EXECUTED
WRITTEN AGREEMENTS. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF CALIFORNIA.
IN WITNESS WHEREOF: THE PARTIES HERETO HAVE DULY EXECUTED THIS AGREEMENT AS OF
THE DAY AND YEAR NOTED ABOVE.
"CLIENT" "CONSULTANT"
HELIONETICS, INC.
BY:/s/ E. XXXXXXX XXXXXX /s/ XXXXXXX XXXXXXXX
-------------------------- -----------------------------------
E. XXXXXXX XXXXXX XXXXXXX XXXXXXXX
Chief Executive Officer
