Authoriszor Limited
Xxxxxxx Xxxxx
Xxxxxxxx Xxxx
Xxxxxxxxx
Xxxxx Xxxxxxxxx
XX0 0XX
Telephone No: 00 0000 000000
23rd September 0000
Xxx Xx. Xxx. Xxx Xxxxxxx Xxxxxxx XXXX XX
Xxxxxxxx Xxxxx
Xxxxxxxx
Xxxx Xxxxxxx
XX00 0XX
Dear Xxx Xxxxxxx,
This letter is to confirm the agreement we have reached with regard to the
consulting agreement with Authoriszor Ltd.
1. This agreement is between yourself and Authoriszor Ltd., though you will
also be consulting for the parent company Authoriszor Inc.
2. The initial term of the agreement is to be for 2 years, after which either
side can give 6 months notice.
3. The consulting agreement will commence as of 1st October 1999.
4. Your retainer will be(pound)2,500 per month plus VAT. You will also be
granted a 3 year option to acquire 200,000 Authoriszor Inc. common shares
at US $1 per share.
5. You will be expected to devote an average of approximately 2 days per month
on Authoriszor's affairs. Your responsibilities would include:
a. Helping the company with top level introductions in government, the armed
forces, banks etc.
b. Promoting Authoriszor and its software, to the media and business
community. This would include business lunches/seminars where you would be
one of the guest speakers.
c. Helping in the search for a suitable person to act for Authoriszor Inc. as
non-executive Chairman.
If you could confirm that the above accurately reflects our agreement, I will
instruct Jenkens and Xxxxxxxxx, Authoriszor Inc.'s American Attorneys to start
work on the option agreement.
Yours sincerely
Xxxxxx Xxxxxxxx
Director Authoriszor Ltd.
CEO & Chairman Authoriszor Inc.
