EXHIBIT 10.5
PROFESSIONAL SERVICES AGREEMENT
This Agreement is made between Tri-Lite Inc. with its place of business at
00000 Xxxxxxxx Xxxxxx, Xxxxxx Xxxxx, Xxxxxxxxxx (herein referred to as "Client")
and Xxxxxx Xxxxxxxx (herein referred to as "Employee"), as of August 27, 1999.
In consideration of the mutual covenants contained herein and other valuable
consideration, the receipt and adequacy of which is acknowledged, the parties do
hereby agree as follows:
I. QUALIFICATIONS: The Employee has special skill and experience in
certain fields of activity in which the Client is interested.
II. SERVICES RENDERED: Client engaged the nonexclusive services of
Employee as President of its subsidiary, AIM Energy, Inc. for the
period through July 31, 1999, and Employee has rendered substantial
services to Client over the period as agreed upon.
III. COMPENSATION: The Client shall grant to Employee as of the date of
this Agreement, an amount of 50,000 restricted shares of the Client's
common stock. This grant of shares is considered earned to Employee as
of July 31, 1999. Client shall register such shares with the
Securities Exchange Commission on Form S-8 as soon as is practical.
IV. ENTIRE AGREEMENT: This document represents the complete agreement
between the parties and may be modified or amended only by duly
executed written agreements. This Agreement shall be construed in
accordance with the laws of the State of California.
IN WITNESS WHEREOF: The parties hereto have duly executed this Agreement as
of the day and year noted above.
"Client" "Employee"
Tri-Lite Inc. Xxxxxx Xxxxxxxx
By: By:
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Its: Its:
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