COMPENSATION AGREEMENT
This
Compensation Agreement is dated as of March 1, 2008 between Waterpure
International, Inc., a Florida corporation (the “Company”), and Xxxxxxx
Xxxxxxxxx (“Consultant”).
WHEREAS, the Company has requested the
Consultant to provide the Company with legal services in connection with their
business, and the Consultant has agreed to provide the Company with such legal
services; and
WHEREAS, the Company wishes to
compensate the Consultant with shares of its common stock for such services
rendered;
NOW THEREFORE, in consideration of the
mutual covenants hereinafter stated, it is agreed as follows:
1. The
Company will issue 100,000 shares of the Company’s common stock, par value $.001
per share, to the Consultant subsequent to the filing of a registration
statement on Form S-8 with the Securities and Exchange Commission registering
such shares, as set forth in Section 2 below. The shares to be issued shall
represent consideration for legal services to be performed by the Consultant on
behalf of the Company.
2. The
above compensation shall be registered using a Form S-8. The Company
shall file such Form S-8 with the Securities and Exchange Commission within 45
days of the execution of this agreement.
IN
WITNESS WHEREOF, this Compensation Agreement has been executed by the Parties as
of the date first above written.
WATERPURE
INTERNATIONAL, INC.
/s/ XXXX X.
XXXXXXXXX
Xxxx X.
Xxxxxxxxx
Chief
Executive Officer
XXXXXXX
XXXXXXXXX
/s/ Xxxxxxx
Xxxxxxxxx
Xxxxxxx
Xxxxxxxxx
