Exhibit 10.1
TAK 0000 Xxxxxxx Xxxx
Xxxxxx, XX 00000
---------------------------------------- 000-000-0000
Xxxxxxx X. Xxxxx
Pursuant to negotiations between Adzone Research heretofore referred to
as "the company" and Xxxxxxx X. Xxxxx, heretofore now referred to as the
subcontractor; the following contract for engagement shall be entered into:
The company agrees to pay the sum of $18,000.00 for services related to
the pursuit and negotiations with the United States Government and/or and United
States Government Agency or department acting on their part and allowed by law
for the company's product. Inasmuch as the company is currently unable to
provide a currency exchange it is therefore agreed to that company stock in the
amount of 300,000 shares will be issued immediately to the subcontractor.
It is also agreed to that the company will register these shares under
rule S-8 to compensate for the additional market risk associated with the
subcontractor accepting stock in lieu of cash.
The subcontractor agrees, for the above noted fee, to provide all
Contract Negotiations, Marketing Support, Bid Process Support and training for
all paperwork associated with delivery of product and proper procedures for
billing and receiving of payment form the Government.
The subcontractor agrees to provide this service for not less than 180
hrs. but not to exeed one (1) year from the date of this contract.
All expenses including but not limited to travel, entertainment, etc.
are to be borne by the company.
Agreed to this date 26 October 2001
/s/ XXXXXXX XXXXXXX /s/ XXXXXXX X. XXXXX
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Xxxxxxx Xxxxxxx Xxxxxxx X. Xxxxx
President, Adzone Research Contract Manager
