Exhibit 10.21
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Major Account Facilitator Contract
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Whereas, Paradigm Medical Industries, Inc. wishes to engage Xxxx XxXxxxxx and
Xxxxx Xxxxxxxxxx as major account facilitators for Paradigm resulting in an
order for 150 Photon Laser Systems for Paradigm.
And Whereas, XxXxxxxx and Kristensen wish to generate such an order for Paradigm
through an International customer or agent.
Now Therefore, XxXxxxxx and Xxxxxxxxxx will serve as the order facilitators and
intermediaries between Paradigm and an International agent or customer which
will result in an order for 150 Photon Laser Systems at $100,000 each of
$15,000,000 total.
Upon signing of this contract, 680,000 shares of S-8 Paradigm Stock will be
placed in escrow within 30 days from which 100,000 shares will be advanced to
XxXxxxxx and Kristensen to cover all expenses associated with pursuit of the
transaction. Upon presentation of a verified order to Paradigm, Paradigm will
advance an additional 100,000 shares of S-8 Stock to XxXxxxxx and Xxxxxxxxxx or
their designees.
Upon completion, delivery and receipt of payment in full from the International
customer, Paradigm shall cause to be released from the escrow to XxXxxxxx and
Kristensen or their designees, the balance of 480,000 shares of S-8 stock as
payment in full, for serving as transaction facilitators.
/s/ Xxxxxx X. Xxxxxx July 9, 2002
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Xxxxxx X. Xxxxxx Date
Paradigm Medical Industries, Inc. Its: CEO
/s/ Xxxx XxXxxxxx July 11, 2002
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Xxxx XxXxxxxx Date
/s/ Xxxxx Xxxxxxxxxx July 11, 2002
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Xxxxx Xxxxxxxxxx Date
