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EXHIBIT 10.22
[VERIDIEN LOGO]
January 26, 2000
Xx. Xxx Xxxxxxx
0000 Xxxxxxx Xxx Xxx, #000
Xxxxxxxx, XX 00000
Dear Xxx,
Proposed letter of agreement:
Below is a letter of intent between Veridien Corporation (VRDE) and Xxxxxxx
Consulting Services (CCS) to form a marketing consulting contract in order for
CCS to assist Xxxxxxxx in managing it's business operation. It is understood
that CCS will provide assisted management and consulting services for all
projects requested by VRDE. Services will be equal to or greater than one third
of a normal workweek of a senior executive. CCS assures that services rendered
will be by Xxxxxxx X. Xxxxxxx.
Services to be Rendered and Authority:
CCS shall have the authority to act and serve as a Business Advisor and
Corporate Manager concerning efforts to develop and implement strategic plans
for Veridien Corporation and its subsidiaries as directed by VRDE. CCS shall
not have the authority or right to bind the Corporation to any commitment,
contract or other obligation prior to consent. CCS will;
1. Assist in developing a strategy to sell to the designated
customer bases.
2. Assist in integration of corporate entities.
3. Use its best efforts to gain sales commitments for designated
products.
4. Provide management to designated companies as directed by
VRDE.
5. Provide general management services as requested from time to
time.
Compensation:
It is agreed that in consideration for services rendered by CCS, VRDE will
compensate CCS as follows:
As a retainer for the contract period, VRDE will provide CCS the equivalent of
$25,000 of Veridien restricted stock at the agreed price of $.07 per share
payable by February 2000.
For the year 2000, VRDE agrees to pay CCS $75,000 cash in 12 equal installments
or $6,250.00 monthly.
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This arrangement in no way supersedes the commission arrangement due CCS
pursuant to the contract signed in August 1999.
CCS shall be reimbursed for all out of pocket expenses.
All retainers are not refundable unless there is a breach of this agreement by
CCS in which event, retained will be returned prorata.
Contract period will begin January 1, 2000 and expire December 31, 2000.
Termination
Either party may terminate the contract upon written 60 days notice however,
should CCS terminate contract without cause, all payments and retainers issued
will be subject to prorated reimbursement to VRDE.
Confidentiality
Each of the parties agrees to keep any confidential information with respect to
each other and this agreement confidential and not make use thereof except as
may be required by applicable law or judicial process.
Indemnification
Each party shall indemnify and hold harmless the other, its affiliates, their
personnel and their agents against any claims, liabilities, costs and expenses
(including without limitation; attorney's fees and the time of non-offending
party's personnel involved) brought against, paid or incurred by either party
at any time and in any way arising out of or relating to the other party's
services or performance under this letter of agreement, except to the extent
finally determined to have resulted from the gross negligence or willful
misconduct of the offending party's personnel.
This letter of agreement shall be governed by and construed in accordance with
the laws of the State of Florida, USA without reference of conflicting law.
Please acknowledge your agreement to the foregoing by countersigning the letter
in the place provided below and return by fax or mail.
Accepted and agreed to for Veridien Corporation
/s/ Xxxxxxx X. Xxxxxx January 26, 2000
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Xxxxxxx X. Xxxxxx Date
Accepted and agreed to for Xxxxxxx Consulting Services
/s/ Xxxxxxx X. Xxxxxxx January 26, 2000
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Xxxxxxx X. Xxxxxxx Date
