Exhibit 4.9
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CONSULTING AGREEMENT BETWEEN XXXXXXX XXXXXXXXX AND AMERICAN FIRE RETARDANT
CORPORATION
This Agreement dated April 25, 2001, between Xxxxxxx Xxxxxxxxx of 000 Xxxxxxxxx
Xxxxxx, Xxxxxx Xxxxx, Xxxxxxx, 00000, herein called Xxxxxxxxx, AND American Fire
Retardant Corporation, located at 0000 Xxxx Xxx., Xx Xxxxx, Xxxxxxxxxx, 00000,
herein called Company, affirms the past and continued use of Xxxxxxxxx by
Company as a Consultant in the fields of finance, marketing, and personnel.
Company acknowledges that Xxxxxxxxx has supplied consulting services to it for a
period of nine years, but quite constantly in the past six years. During that
period of time, Xxxxxxxxx never received compensation for said services, waiting
until the Company was in an improved financial position.
Both parties have therefore agreed that the cash compensation for said efforts
is to be for six years payable $1500 per month, for a total of $54,000. Further,
both parties have accepted that in lieu of cash, Xxxxxxxxx has agreed to accept
compensation for said consulting work in shares of the Company. The agreed upon
transfer rate is fifty cents (.50(cent)) per share for free-trading shares.
Thus Xxxxxxxxx is due the amount of One Hundred and Eight Thousand (108,000)
free trading shares of the Company to be issued promptly.
Xxxxxxxxx aggress to continue his consulting efforts at a rate to be mutually
agreed on between Xxxxxxxxx and the President of the Company.
The signatories below hereby warrant that they have full power and authority to
enter into this Agreement, and it shall be duly honored.
/s/ Xxxxxxx Xxxxxxxxx 4/25/01
Accepted and Signed by Xxxxxxx Xxxxxxxxx
/s/ Xxxxxxx X. Xxxxx/ President 4/26/01
Accepted and Signed by Xxxxxxx Xxxxx, President, American Fire Retardant Corp.
