AGREEMENT
BY AND BETWEEN
XXXXXXXXX XXXXX AND PALOMAR ENTERPRISES, INC. (PLMI)
This agreement is by and between Xx. Xxxxx, an independent consultant
and
Palomar Enterprises, Inc. (PLMI). The terms and conditions set forth herein
shall be binding upon both parties. Both parties agree:
a. Xx. Xxxxx is an independent consultant with PLMI.
b. Xx. Xxxxx has during the last twelve months performed certain
consulting services for PLMI.
c. These services have included:
1. assistance with the establishment of a European network
2. certain business introductions with various European firms
3. other forms of corporate assistance
d. For these services that have been performed, Xx. Xxxxx has received
2,000,000 shares of common (Reg. S) stock.
e. The approximate valuation of these shares at the time of issuance is
$100,000.00 (USD)
f. Both parties agree that Xx. Xxxxx, upon receipt of these shares has
been paid in full and no further compensation is expected or will be
forthcoming.
SIGNED:
/s/ Xxxxx Xxxxxxxxxxx 11/22/2004 /s/ Xxxxxxxxx Xxxxx 11/22/2004
----------------------------------- -------------------------------------
Xxxxx Xxxxxxxxxxx (date) Xxxxxxxxx Xxxxx
(date)
Palomar Enterprises, Inc.
000-000-0000 office
000-000-0000 cell
xxxxx@xxxxxxxxxxxxxxxxxx.xxx
