Exhibit 10.02
[Letterhead]
HUMAN BIOSYSTEMS
June 23, 2005
Xx. Xxxxxxx Xxxxxxx
Xxx xx x' Xxxxx 00 App. No. 52
Vevey, 1800
Switzerland
Re: Issuance of Shares of Human BioSystems Common Stock
This letter will serve as the agreement between you, Xxxxxxx Xxxxxxx
(Consultant), and Human BioSystems, a California corporation (HBS), whereby
HBS will grant and issue to Consultant an aggregate of 1,000,000 shares of HBS
common stock (the "Shares"), registered under the Securities Act of 1933, as
amended, under the following terms and conditions:
1. That the Shares will be held by Consultant in trust, under the terms and
conditions of that certain Trust Declaration dated June 23, 2005 which is
attached to this agreement as Exhibit A.
2. That if any of the Shares are sold, Consultant shall pay HBS all of the
proceeds of such sales less 3% of the proceeds received from the sale of
Shares as a consultant fee.
3. That Consultant shall provide receipts to HBS showing the number of Shares
sold, date sold, sales price, selling commissions and net proceeds to HBS
upon request, or as a minimum on a monthly basis, by the fifth day of each
month for the transactions of the preceding month. A summary of all such
transactions are to be provided in electronic spreadsheet format.
4. That proceeds from the sale of Shares are to be transferred to HBS bank
account at Credit Suisse specified by HBS upon request, or at least at the
end of each week if there is over 5,000 Euro available.
5. This Agreement shall expire in six months from the date hereof , unless
terminated earlier by either party upon ten days' prior written notice. Any
unsold shares shall be returned to HBS upon expiration or earlier termination
of this Agreement.
Sincerely Agreed to by:
/s/ Xxxxx Xxxxxx /s/ Xxxxxxx Xxxxxxx
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Xxxxx Xxxxxx Xxxxxxx Xxxxxxx
President Consultant
EXHIBIT A
TRUST DECLARATION
June 23, 2005
TO ALL WHOM THOSE PRESENT SHALL COME, XXXXXXX XXXXXXX, a lawyer carrying on
business and residing in Vevey, Switzerland (hereinafter called the "Trustee")
SEND GREETINGS:
WHEREAS the Trustee holds 1 million (one million) common shares of Human
BioSystems (a corporation trading on OTC Bulletin Board, OTC-BB: HBSC.OB) in the
name of the Trustee (herein referred to as "Shares").
AND WHEREAS the Trustee hereby acknowledges that the right, title and interest
of the Trustee in the Shares are held in the name of the Trustee for the sole
purpose of temporary convenience and is held IN TRUST for of Human Biosystems
(the "Beneficiary").
THE TRUSTEE DOES HEREBY DECLARE that he holds and stands possessed or will hold
and stand possessed of the Shares and all benefits derived therefrom, and all
dividends and advantages accruing thereon and shall take the profits thereof and
the proceeds of sale in the event that any of the Beneficiary Shares are or any
interest therein is sold or disposed of UPON TRUST for the Beneficiary and its
legal representatives.
THE TRUSTEE XXXXXX AGREES that he will transfer, sell or otherwise deal with the
Shares only in accordance with the terms set forth above in the Agreement Letter
dated June 23, 2005 or as directed by Human BioSystems.
IN WITNESS WHEREOF, the Trustee, XXXXXXX XXXXXXX, does hereby execute this
Declaration this day of June 23, 2005 in the City of Vevey, Switzerland.
/s/ Xxxxxxx Xxxxxxx /s/ Xxxxx Xxxxxx
______________________________ _____________________________
XXXXXXX XXXXXXX HUMAN BIOSYSTEMS
