CONSULTING SERVICES CONTRACT
WITH CRAFTY CREATIONS, INC.
This consulting services agreement ("Consulting Agreement") is made as
of this 8th day of May, 2003, by and between the undersigned Crafty Creations,
Inc. ("Consultant"), with an office located at 0000 X. Xxxxx Xxx, Xxx Xxxxx,
Xxxxxx 00000, and Multi-Tech International, Corp., 000 Xxxxxxx Xxxx, Xxxxx,
Xxxx 00000 (referred to herein as the "Company"), with Consultant and Company
collectively sometimes herein referred to as the "Parties". The Parties
hereto, for good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, hereby agree as follows:
WHEREAS, the Company (a Nevada corporation) is a fully reporting
company whose securities are traded on the Over-the-Counter Bulletin
Board under the ticker symbol "MLTI"; and
WHEREAS, Crafty Creations, Inc., is in the business of consulting with
private and public companies regarding issues of business development,
computer systems, computer Information Technology, accounting systems, and
related technologies; strategies;
WHEREAS, the Company wishes to retain the Consultant on a non-
exclusive basis; and
IT IS, THEREFORE agreed that:
1. Services. The Company shall retain the Consultant to provide, review and
revise as necessary the Company's business plans, provide business
consultation, review documents, and provide management advisory services
on a as needed basis. Consultant shall agree to make himself available for
the foregoing purposes and devote such business time and attention thereto
as it shall determine is required.
The Company understands that any and all suggestions, opinions or
advice given to the Company by Consultant are advisory only and the ultimate
responsibility, liability and decision regarding any action(s) taken or
decisions made lies solely with the Company and not with Consultant.
2. Term. The term of this Consulting Agreement shall be from the 8th day of
May, 2003 hereof until March 31, 2004 (the "Term").
3. Compensation. As compensation for entering into this Consulting
Agreement and for services rendered , the Consultant shall Be issued Thirty
Thousand (30,000) shares of Multi-Tech International, Corp., common
stock, par value $.001 per share. The stock is to be issued pursuant to the
consent of the Company's Board of Directors, shall be issued in the name of
Xxxxx Xxxxxxx. The Company hereby agrees to register the shares of common
stock on a Form S-8 registration statement and the Company shall obtain the
requisite opinion letter from its corporate counsel as to the legality of such
registration.
4. Arbitration. The parties hereby agree that any and all claims (except
only for requests for injunctive or other equitable relief) whether existing
now, in the past or in the future as to which the parties or any affiliates
may be adverse parties, and whether arising out of this Consulting Agreement
or from any other cause, will be resolved by arbitration before the American
arbitration Association within the State of Nevada. The parties hereby
irrevocably consent to the jurisdiction of the American Arbitration
Association and the situs of the arbitration (and of any action for injunctive
or other equitable relief) within the State of Nevada. Any award in
arbitration may be entered in any domestic or foreign court having
jurisdiction over the enforcement of such awards. The law applicable to
the arbitration and this Consulting Agreement shall be that of the State of
Nevada, determined without regard to its provisions which would otherwise
apply to a question of conflict of laws.
5. Miscellaneous.
5.1 Assignment. This Agreement is not transferable or assignable.
5.2 Execution and Delivery of Agreement. Each of the parties shall
be entitled to rely on delivery by fax transmission of an executed copy of
this agreement by the other party, and acceptance of such fax copies shall
create a valid and binding agreement between the parties.
5.3 Titles. The titles of the sections and subsections of this
agreement are for the convenience of reference only and are not to be
considered in construing this agreement.
5.4 Severability. The invalidity or unenforceability of any
particular provision of this agreement shall not affect or limit the
validity or enforceability of the remaining provisions of this
agreement.
5.5 Entire Agreement. This agreement constitutes the entire
agreement and understanding between the parties with respect to the
subject matters herein and supersedes and replaces any prior agreements
and understandings, whether oral or written, between them with respect
to such matters.
5.6 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the date first above mentioned.
Multi-Tech International, Corp.
By:
/s/ Xxxx X. Xxxxxxx, III
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Xxxx X. Xxxxxxx III
AGREED AND ACCEPTED
By:
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
Crafty Creations, Inc.
