Independent Investment Services International
Independent
Investment Services International
0000
Xxxxx Xxxxxx Xxxx
Boise,
ID 83704
October
31, 2008
RE: Renewed
for dollar value decline
This
letter sets forth the agreement (the “Agreement”) between American
Scientific Resources, Inc. (the “Company”) and Independent Investment
Services International (“the Consultant”). The term of this agreement
shall be from October 31, 2008 through October 31, 2009 (12
months).
The
Consultant agrees to advise, consult, and generally help The Company in
executing their business plan. The Consultant will draft, write, and consult
with The Company on all press releases and public disclosures that the Company
may want to disseminate. In addition, the Consultant agrees to arrange for
meetings with brokerage firms, potential investors, and help arrange for the
Company to present at various investment seminars and conferences. The
Consultant may also choose to investigate possible strategic alliances, new
customers for The Company’s products, or business strategies such as
acquisitions for the Company, or identify sources of bank or institutional
credit lines or other financing for certain of The Company’s lines of business
(collectively, a “Business Opportunity”). For their efforts on behalf of The
Company, the Consultants shall receive 4,800,000 shares of restricted Common
Stock.
To be a
Business Opportunity covered by this section, the transaction must occur prior
to October 31, 2009. In the event that a business opportunity introduced by the
Consultant, occurs prior to October 31, 2009, a Transaction Fee of ten percent
(10%) shall be due the Consultant, based upon the net value of the
consideration, securities, property, business, assets, or other value given,
paid, transferred or contributed by, or to The Company. The Company reserves the
right to pre-approve any introduction prior to it being considered a Business
Opportunity. If The Company approves the introduction, and a Business
Opportunity occurs as a result of that introduction, the Consultant will be
entitled to the aforementioned Transaction Fee. Unless otherwise mutually agreed
in writing prior to the closing of any Business Opportunity, the Transaction Fee
shall be paid in the form of cash or the restricted common stock (with
registration rights) of American
Scientific Resources, Inc. based on the closing bid price of the common
stock of American
Scientific Resources, Inc. on the day prior to the closing of the
aforementioned Business Opportunity.
The
Consultant agrees that information and materials provided by The Company to the
Consultant, on a confidential basis, shall be held in confidence by the
Consultant, except as otherwise required by law.
If the
foregoing is agreeable, please indicate your approval by dating and signing
below.
Please
retain one copy for your files, returning the original to The
Consultant
APPROVAL
AND ACCEPTANCE
READ AND
ACCEPTED this _________ day of October 31, 2008
|
Signed:
|
|
Xxxxxxx
Xxxxx
Independent
Investment Services International
0000
Xxxxx Xxxxxx Xxxx
Boise,
ID 83704
READ AND
ACCEPTED this 31st day of October 2008
|
Signed:
|
 |
|
Xxxxxxxxxxx
X. Xxxxxxx, MD, MBA
|
Title: CEO
American
Scientific Resources, Inc.
0000
Xxxxxx Xxxx
Unit
278
Weston,
FL 33326
Authorized
Officer of The Company
