EXHIBIT 10.24
BUSINESS CONSULTING AGREEMENT
Agreement made this 21st day of February, 2001 by and between Digi Link
Technologies, Inc, having its principal office at 00 Xxxxxxx Xxxxxxx, Xxxxxx, XX
00000 (hereinafter "Client"), and Xxxx Xxxxxx, Xx., having his office at 000
Xxxxxxxxx Xxxxx, Xxxxxxxxxxx, XX 00000 (hereinafter "Consultant").
WHEREAS, the business of the Consultant is to advise and assist
corporations, and
WHEREAS, the Client desires to retain the services of an administrator
consultant.
IT IS HEREBY agreed as follows:
1. Retention: Client retains Consultant to advise and assist it.
2. Term of Agreement: The term shall be for the term of one year.
3. Compensation - The Consultant shall receive as a fee an option to
purchase 200,000 shares of common stock at the purchase equal to the closing
price of the shares on February 21, 2001.
4. Non-Affiliation: Nothing herein shall be construed as creating a
relationship of partners, joint ventures or other such or similar relationship
between the parties hereto.
5. Confidentiality: In the course of the performance of Consultant's
duties, it is expected that Consultant will receive information that may be
considered material inside information. Consultant will not disclose this
information to others except as authorized by Client and necessary in order for
Consultant to perform its duties and comply with such Federal, State and
Municipal laws, rules and regulations or other regulatory body.
6. Entire Understanding: This Agreement contains the entire understanding
between the parties and may not be modified except in writing and signed by the
parties hereto.
7. Notices: All notices required under this Agreement shall be sent by
registered or certified mail, return receipt requested, addressed as set forth
herein or to such other address as the parties may have notice.
8. Governing Law: This Agreement shall be governed by and construed in
accordance with the laws of the State of New Jersey and to which jurisdiction
the parties hereto consent for the adjudication of all disputes.
9. Signatures: Signatures transmitted by facsimile shall be legally
binding.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.
Digi Link Technologies, Inc.
By: /s/: Xxxx Xxxxxx, Xx. By: /s/: Xxxxx Xxxxx
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Xxxx Xxxxxx, Xx. Xxxxx Xxxxx, President
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