EXHIBIT 10.3
EMPLOYMENT AND FEE AGREEMENT BETWEEN
TRIANGLE IMAGING GROUP, INC. AND
XXXXXXX X. XXXXXX, DATED JULY 8, 1997
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EMPLOYMENT AND FEE AGREEMENT
THIS AGREEMENT made this 8th day of July, 1997, by and between TRIANGLE
IMAGING GROUP, INC. (hereinafter "CLIENT") with a mailing address of 0000 Xxxx
Xxxxxx Xxxx, Xxxxx 000, Xxxxxxx Xxxxx, Xxxxxxx 00000 and telephone number of
(000)000-0000 and LAW OFFICES OF XXXXXXX X. XXXXXX, P.A. (hereinafter
"ATTORNEY").
1. CLIENT retains ATTORNEY to represent CLIENT as Attorney at Law
regarding Corporate/Securities related matters and authorizes and empowers
ATTORNEY to do all things reasonably necessary to complete corporate and
securities transactions with CLIENT'S consent (other than in connection with
capital raising transactions) and agrees to retain ATTORNEY for the services
rendered on the following terms and conditions:
a. On the basis of the time expended by ATTORNEY, hourly rates are $200
per hour for projects billed on an hourly basis. Such fees and costs
will be billed on a monthly basis.
b. Legal fees for the S-8 Registration and services related thereto
shall consist of 6,000 shares of common stock of Triangle Imaging
Group, Inc. and are earned as of the date hereof. All referenced
shares shall be registered pursuant to a Registration Statement on
Form S-8.
c. CLIENT shall also be responsible for costs incurred including,
but not limited to, long distance phone calls, transcripts,
photocopies, postage, filing fees, and costs of newspaper
publications. Advanced costs that are not expended during the
course of the representation are to be returned to the client
at the conclusion of the representation, unless ATTORNEY and
CLIENT agree otherwise in writing.
2. CLIENT understands and agrees that ATTORNEY has made no guarantee
regarding the successful outcome or termination of the engagement and all
expressions pertaining thereto are matters of opinion. Should it be necessary to
institute legal proceedings for the collection of any part of the ATTORNEY'S
compensation or costs as set forth above, then CLIENT agrees to pay all court
costs and reasonable attorneys fees with regard to the collection of same.
IN WITNESS WHEREOF, the parties have executed this Agreement the date
first mentioned above.
ACCEPTED:
Law Offices of
Xxxxxxx X. Xxxxxx, P.A. TRIANGLE IMAGING GROUP, INC.
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxx Xxxxxxxx
ATTORNEY Xxxx Xxxxxxxx, President and CEO
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