CONSULTING AGREEMENT
THIS AGREEMENT made as of the 27th day of December, 0000 X X X X X X X:
THE TIREX CORPORATION, a corporation incorporated
under the laws of DELAWARE
(the "Company")
- and -
XXXXX XXXXXXXXXX, an individual residing at 00 Xxxxxx
Xxxxxx, Xxxxxx Xxxx, XX 00000
(the "Consultant")
RECITES THAT the Company has agreed to retain the financial consulting
services of the Consultant and the Consultant has agreed to provide financial
consulting services to the Company, all on the terms and conditions hereinafter
set forth.
NOW THEREFORE in consideration of the following mutual covenants and
agreements, the parties hereto agree with each other as follows:
1. The Company shall retain the Consultant to provide the
following financial consulting services during the term of this agreement:
(a) assisting and providing advice and financial consulting
services to the Company in its management relations with its
joint venture partner, present or potential;
(b) assisting and providing advice and financial consulting
services to the Company in the implementation of marketing
goals and relationships with the Company's business partners,
merger candidates, and, if appropriate, with stockholders;
(c) such other services and assistance to the Company and its
officers and directors within the scope of the consultant's
expertise as the President of the Company and the Consultant
may mutually agree from time to time.
2. The term of this agreement shall be Twelve(12) months,
commencing on the date hereof and ending on September 7, 2000. During the term
of this agreement, the Consultant shall be required to provide his services for
no more than five days per month upon reasonable notice from the Company from
time to time as to the specific days that his consulting services will be
required. Services may be provided by telephone or in the form of written
reports. In the event the Company requests the Consultant to travel, and the
Consultant agrees to do so, the Company shall pay for reasonable travel and
lodging expenses. It is agreed that the Consultant shall travel business class.
3. In consideration of the Consultant providing the consulting
services hereunder, the Company shall pay the consultant fees as follows:
500,000 shares of common stock upon signing this agreement
4. Except as provided in Paragraph 2 hereof, the Consultant shall
be responsible for all of his own out-of-pocket expenses incurred in connection
with the consulting services to be provided hereunder, unless the Company agrees
in writing with the Consultant prior to an expense being incurred that the
Company will reimburse the Consultant for all or part of such extraordinary
expense.
5. This agreement shall be binding upon the parties hereto and
their respective heirs, executors, administrators, legal representatives,
successors and assigns. This agreement may not be assigned by either party
hereto without the prior written consent of the other party.
6. This agreement constitutes the entire agreement between the
parties hereto and supersedes all prior agreements, understandings, negotiations
and discussions, whether oral or written, between the parties hereto.
7. No amendment or modification of this agreement shall be
binding unless in writing and signed by the parties hereto.
8. No waiver by a party of any breach of any of the provisions of
this agreement by any other party shall take effect or be binding upon such
party unless in writing and signed by such party. Unless otherwise provided
therein, such waiver shall not limit or affect the rights of such party with
respect to any other breach.
9. All notices or other communications authorized or required to
be given pursuant to this agreement shall be in writing and either delivered by
hand, mailed by registered, first-class mail, postage prepaid, or sent by
facsimile as follows:
(a) to the Company at:
THE TIREX CORPORATION
0000 xxx Xxxxx Xxxxxxx
Xxxxxxxx, Xxxxxx X0X 0X0
Attn: Xxxxxxx X. Xxxxx, President
with a copy to:
Xxxxxxxx, Xxxxx & Xxxxxxxxxx, LLC
000 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, Xxx Xxxxxx 00000
Attn: Xxxx Xxxxxxxx, Esq.
(b) to the Consultant at:
00 Xxxxxx Xxxxxx
Xxxxxx Xxxx, XX
10. This agreement shall be deemed to be made in and shall be
construed in accordance with the laws of the State of New Jersey.
IN WITNESS WHEREOF the parties hereto have duly executed this
agreement.
THE TIREX CORPORATION
By: /s/ Xxxxxxx Xxx
--------------------------------
Xxxxxxx Xxx,
Secretary, Treasurer & CFO
/s/ Xxxxx Xxxxxxxxxx
--------------------------------
Xxxxx Xxxxxxxxxx, Consultant
