CONSULTING AGREEMENT
This Agreement, by and between Xx. Xxxxxx Xxxxxxxx, Consultant and Nurescell
Inc. a Nevada Corporation. Client will delineate the terms agreed upon
between Consultant and Client whereby Consultant will perform certain duties
for and on behalf of Client over the term of the agreement as required by
Client, and to the satisfaction of the Client.
WHEREAS, Xx. Xxxxxx Xxxxxxxx is presently associated with Nurescell, Inc. as a
member of its Board of Directors, and
WHEREAS, Nurescell, Inc. has expressed a desire and a need to have more of
the time of Xx. Xxxxxxxx than would normally be expected of a member of the
Board of Directors, Nurescell, Inc. has determined that it would be in its
best interest to have Xx. Xxxxxxxx spend whatever portion of this time as is
needed to consult with Nurescell, Inc. on a range of matters concerning the
present and the future of Nurescell, Inc.
THEREFOR, BE IT AGREED
That Xx. Xxxxxx Xxxxxxxx, hereafter known as consultant, together with any
person with whom he may associate himself for the purpose of fulfilling the
requirements of this agreement, agrees to devote that percentage of his full
time as may be required for this purpose. It is anticipated that at the
start, since Nurescell, Inc., hereafter known as Client, is presently in the
start-up phase that the percent of the Consultant's time will be
approximately 25% to 30%.
It is also agreed that if and when a larger or lesser percent of Consultant's
time is required that an appropriate adjustment of the proposed consulting
fee will be made. It is further agreed that certain adjustments to the
monthly consulting fee may be made as agreed upon between Consultant and
Client from time to time based on inflation or other appropriate factors.
It is agreed that, given the availability of electronic communications
facilities, Consultant will make the choice of working from his own office or
working in the offices of the client, in laboratories or other locations
appropriate to the work performed by Consultant for the Client.
It is further agreed that the starting fee will be $2,000.00 per month plus
any out of pocket expenses such as travel or other expenses related to the
carrying out of this agreement as approved by Client in advance. The
Consultant is also to receive 300,000 shares of Founder's Stock in Nurescell
Inc. and 200,000 share options of Nurescell Inc. @ $2.00 per share.
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It is further agreed that, for his consulting services provided to the
Client, Xx. Xxxxxxxx will be doing business as Thunderhead Resources, LLC,
his consulting company, and the fees and expense reimbursements will,
accordingly, be paid to Thunderhead Resources, LLC.
Concerning the life of this agreement, it is agreed that this agreement will
continue in effect until terminated by either party hereto giving thirty days
advance notice of termination to the other party in writing or by mutual
consent of both parties hereto, with both parties agreeing in writing to the
terms of the termination.
The effective date of this agreement will be June 9th, 2000.
AGREED AGREED
Xx. Xxxxxx Xxxxxxxx Nurescell Inc.
/s/ XX. XXXXXX XXXXXXXX /s/ XXXXXX XXXXXX
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Xx. Xxxxxx Xxxxxxxx Xxxxxx Xxxxxx, CEO.
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