EXHIBIT 10.2
CONSULTING SERVICES AGREEMENT
This agreement was entered into on June 1, 2001 by and between Save the World
Air Inc. (the "Company") located at 00-00 Xxxxxx Xxxxx, Xxxxxxx 0000 Xxx
Xxxxxxxxx and Xxx. Xxx Xxxxxx of the same address.
Xxx. X. Xxxxxx has a background in secretarial and office administration and
shall provide services to the COMPANY as an independent consultant and
subsequently shall make herself available to consult with the Board of
Directors, any employees and representatives and agents of the COMPANY at
reasonable times, concerning matters pertaining to the overall business
administrative and secretarial operations of the COMPANY as well as the
organization of any administrative staff of the COMPANY and is willing to
provide secretarial services to the COMPANY.
The term of this Agreement shall be initially for one (1) year, renewable upon
written consent of both parties. It is acknowledged and agreed that no other
conditions apply to this agreement and it is further acknowledged and agreed
that remuneration for said services is irrevocable, however, if Xx. Xxxxxx
terminates this Agreement prior to its expiration, she shall return to the
Company an unearned pro-rata number of shares.
Pursuant to this Agreement, it is acknowledged and agreed by the Company that
Xx. Xxxxxx carries no professional licenses, and is not agreeing to act as a
market maker or render legal advice or perform accounting services, nor act as
an investment advisor or broker-dealer within the meaning of applicable state
and federal securities laws. It is further acknowledged and agreed by the
Company that the services provided to the Company are not rendered in connection
with the offer and sale of Securities in a capital raising transaction. Xx.
Xxxxxx shall provide services to Company as an administrative/secretarial
consultant and make herself available to consult with the board of directors,
employees and representatives and agents of the Company at reasonable times,
concerning matters pertaining to the overall business administration of the
Company, as well as the organization of any administrative staff of the Company.
Xx. Xxxxxx shall also assist in the coordination of administrative activities.
Xx. Xxxxxx will not perform any activities that could subject her or Company to
violations of Federal or applicable state securities law.
It is agreed that in remuneration for those consulting services, Xxx Xxxxxx
shall receive two hundred and fifty thousand shares of Save the World Air, Inc.
(Symbol: ZERO), issued in the name of Xxxxxxx Xxxx Xxxxxx.
Signed and Agreed by the Parties:
/s/ Xxxxxxx Xxxx Xxxxxx /s/ Xxxxxxx Xxxxxx
................................ ...................................
Xxxxxxx Xxxx Xxxxxx Xx. Xxxxxxx Xxxxxx, Chairman
Save the World Air Inc.
