This Agreement is made as of the May 1, 2007
This Agreement is made as of the May 1, 2007
AMONG:
Global Energy Inc a corporation formed pursuant to the laws of Vancouver, B.C., Canada and having an office for business located at 0000 Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, X.X. X0X 0X0, XXXXXX
“Global Energy”
AND:
Xx Xxxx Xxxxx , from Xxxxxxxx # 0, Xxxxxxxxx, Xxxxxx 00000
“Xx Xxxxx”
WHEREAS:
Global Energy wishes to engage Xx Xxxxx as its international investor relations and marketing advisor;
And Xx Xxxxx has agreed to help Global Energy in the above fields;
For the reason recited above, and in consideration of the mutual covenants con-tained in this agreement, the parties agree as follows:
Global Energy
Global Energy hereby engages Xx. Xxxxx as its international investor relations and marketing advisor.
1 Xx Xxxxx will be paid a monthly fee of 7,500 $ US for its services, commencing on May 1, 2007 (“The Fee”).
2 The fee will be paid at the commencement of this contract and on the
first (1 st) of each month in advance of the month worked.
3 Xx Xxxxx will also receive at the signing of this contract 400,000 options to be converted at 0.01 $ to free traded shares of Global Energy, according to the following schedule:
???200,000 options at the signing of this contract.
???Additional 200,000 options at May1, 2008.
???In the event that this contract will terminate before May 1, 2008 , the relative part of these options will be granted.
4 All expenses of Xx Xxxxx'x work on behalf of Global Energy will be pre-paid by Global Energy or paid in the coming month from the payment and added to the fee.
Xx Xxxxx
In the event that Global energy will timely pay the fee, Xx. Xxxxx will per-form the following services on behalf of Global Energy:
1. Advise senior management on its overall relationship with the interna-tional investor community,
2. Attend conferences on behalf of the Company to ascertain levels of interest in the investor and technology arenas and refer viable leads to management;
3. Identify key publications focusing on alternative energy and pitch Global Energy’s three focal missions;
4. Identify strategic alliance and potential joint venture partners;
5. Assist in creating all marketing collateral;
6. As soon as practicable, work with the company to seek listing on the NASDAQ or AMEX exchange;
7. Work hard-in-hand with Xxxxxxx XxXxxxx to leverage investment banking awareness;
8. Utilizing prior public company management expertise to assist Global Energy in managing its status in the public markets;
Payment Requirement & Term
9. This agreement shall commence upon execution of this document and shall continue in force for a period of 12 months. Global Energy and Xx Xxxxx will be able to terminate this contract with a 30 day prior notice.
Global Energy acknowledges that it has read this agreement between the parties, which supersedes all proposals or prior agreements, oral or written, and all other communications between the parties relating to the subject matter of this agreement.
Xx Xxxxx agrees to exercise due care to prevent disclosure of Global Energy’s proprietary information to any third party.
By: /s/ Asi Xxxxxx Date: 1.5.2007
Global Energy
By: /s/ Xxxx Xxxxx Date: 1.5.2007
Xx Xxxxx
