Exhibit 10.3
CONSULTING AGREEMENT WITH
XXXX XXXXX
CONSULTING AGREEMENT
This Consulting Agreement (the "Agreement") is entered into this 17th day
of July 2002 by and amongst ATNG, INC. (the "Company") and Xxxx Xxxxx (the
"Consultant").
WHEREAS, Consultant is skilled in providing business consulting services,
and had provided such services to Company in the past and will continue to
provide such services in the future;
WHEREAS, the Consultant will provide approximately $25,000 in services to
the Company;
NOW THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration receipt whereof is hereby acknowledged
it is agreed.
1. The Company hereby has engaged the Consultant for business consulting
services and wishes to pay Consultant and has agreed to payment of fees due for
services already rendered through issuance of stock.
2. In partial consideration of the services already provided, Consultant
shall receive up to 50,000 shares of the Company's common stock, which shall be
issued for the accrual due and owing as a result of prior services rendered to
the Company by the Consultant and ongoing services.
3. The Company will register all the compensation shares pursuant to a
registration statement on Form S-8.
4. Except as otherwise provided herein, any notice or other communication
to any party pursuant to or relating to this Agreement and the transactions
provided for herein shall be deemed to have been given or delivered when
deposited in the United States Mail, registered or certified, and with
1
proper postage and registration or certification fees prepaid, addressed at
their principal place of business or to such other address as may be designated
by either party in writing.
5. This Agreement shall be governed by and interpreted pursuant to the laws
of the state of California. By entering into this Agreement, the parties agree
to the jurisdiction of the California courts with venue in Los Angeles County,
California. In the event of any breach of this Agreement, the prevailing party
shall be entitled to recover all costs including reasonable attorney's fees.
6. This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, and it shall
not be necessary in making proof of this Agreement to produce or account for
more than one counterpart.
IN WITNESS WHEREOF, the parties hereto have subscribed their hands and
seals the day and year first above written.
CONSULTANT: COMPANY:
ATNG, INC.
/s/Xxxx Xxxxx /s/ Xxxxxx Xxxxx
------------------ --------------------
By: Xxxx Xxxxx By: Xxxxxx Xxxxx, President & CFO
2
