CONTRACT AGREEMENT
The following is an Agreement between XXXXX XXXXXXXX (the "Contractor") having
an address of 000 Xxxxxx Xxxx Xxxxx, Xxx Xxxxx, XX, 00000 and ENVIROKARE TECH,
INC. (the "Company") having an address of 0000 Xxxxxxxx Xxx., Xxxxx #0, Xxx
Xxxxx, XX, 00000, wherein the Company has asked the Contractor to assume
responsibilities of providing management services for the Company with duties
and responsibilities as outlined below. This Agreement is effective from the
date of signing as noted below. It is understood by all parties to this
Agreement that the Contractor shall act on behalf of the Company in the capacity
of an independent Contractor and not as an employee of the Company.
POSITION AND RESPONSIBILITIES:
It is agreed that the Contractor will provide management services to the Company
as follows:
1) The Contractor shall assist in the establishment of corporate offices
on behalf of the Company, in Las Vegas, Nevada. In carrying duties,
the Contractor shall take direction from Xxx. Xxxxxxx Xxxxxx. Xxx.
Xxxxxx has been retained by the Company to oversee the establishment
of said corporate offices. It is expected that initial tasks
associated with the establishment of the Company's corporate offices
will be substantially complete by April 30, 1999. It is understood by
both parties to this Agreement that any costs incurred in completion
of design, implementation, establishment and operation of the
Company's corporate offices shall be absorbed by the Company.
2) It is understood by both parties to this Agreement that the Contractor
is free to perform non-Company services during the term of this said
contract. Said non-Company services may be set forth by the Contractor
from time to time and said non-Company services shall take precedence
over Company services, precedence to be determined and remain at the
sole discretion of the Contractor.
TERM OF AGREEMENT:
This Agreement commences November 1, 1998 and terminates April 30, 1999.
COMPENSATION:
In his capacity the Contractor will be compensated by the Company on the
following basis:
1) The Contractor shall receive a monthly payment from the Company of two
thousand and five hundred dollars ($2,500.00) said payment to be made
in the Contractor's name and said payment to be made by the 1st day of
each month for services provided. The first payment shall be for
services rendered in the month of November 1998, at the aforementioned
rate of compensation.
E-35
2) The Company shall indemnify the Contractor against any and all
liability that may be incurred by either the Company or by the
Contractor his performance of activities of behalf of the Company and
or the Company's clients. It is required that the Company obtain
insurance which indemnifies the Contractor against any and all claims,
legal and otherwise, that may arise and be brought against the
Company. The Company shall pay all legal and associated costs
encountered by the Contractor, as a result of action brought against
the Company or the Contractor in the course of the Contractor
providing services on the Company's behalf.
3) The Company shall reimburse the Contractor for all expenses incurred
on the Company's behalf by the Contractor, on a per expenses item
basis and with incurred expense item to be greater than five hundred
dollars ($500.00). Expense amounts greater than five hundred dollars
($500.00) must be pre-approved by Xxx. Xxxxxx and/or the Company's
Board of Directors, prior to expenditure commitment.
TERMINATION:
Either party, upon thirty (30) days written notice to the other party, may
terminate this Agreement. This notice shall be sent by certified or registered
mail, postage prepaid, return receipt requested, to the parties at the principal
offices of the parties first noted here above. Either party may direct that a
notice, demand or communication shall be sent to a new address by giving written
notice to the other party hereto of such address.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
1st day of November, 1998.
XXXXX XXXXXXXX ENVIROKARE TECHNOLOGY, INC.
By: /s/ Xxxxx X. Xxxxxxxx By: /s/ Xxxxxxx Xxxxxx
------------------------ --------------------------------
Signature Signature
Xxxxxxx Xxxxxx
--------------------------------
Printed Name
Title: Pres.
--------------------------
E-36
