EXHIBIT 10.1
Professional Services Agreement
(between Registrant and Xxxx X. Xxxx)
Professional Services Agreement
This Agreement is made between Digitran Systems, Incorporated with its
place of business at 0000 Xxxxx Xxxx, Xxxxx Xxxxx, Xxxx, 00000-0000 (herein
referred to as "Client") and Xxxx X. Xxxx, Esq., with his place of business c/o
Law Offices of Xxxx X. Xxxx, 0000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxx Xxxxxxx, XX
00000 (herein referred to as "Employee"), as of April 24, 1998. 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 skills and experience in
certain fields of activity in which the Client is interested.
II. SERVICES RENDERED: Client engaged the nonexclusive services of
Employee for the period of January 1, 1995 through April 24, 1998,
and Employee has rendered substantial services to Client over the
period as agreed upon.
III. COMPENSATION: The Client shall grant to Employee as of the date of
this Agreement, an amount of 100,000 restricted shares of the
Client's common stock. This grant of shares is considered earned
to Employee as of April 24, 1998. Client shall register such
shares with the Securities and Exchange Commission on Form S-8 as
soon as is practical.
IV. ENTIRE AGREEMENT: This document represents the complete agreement
between parties and may be modified or amended only by duly
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 executive this
Agreement as of the day and year noted above.
"Client" "Employee"
Digitran Systems, Incorporated Xxxx X. Xxxx, Esq.
By /s/ Xxxxxxx Xxxxxxx By /s/ Xxxx X. Xxxx
Its: President Its:
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