AMENDED MANAGEMENT CONSULTING AGREEMENT
AMENDED MANAGEMENT CONSULTING AGREEMENT
THIS AGREEMENT made effective as of the 1st day of May, 2005.
BETWEEN:
X. XXXXXX MANAGEMENT INC., a British Columbia company, having an office at 0000 Xxxxx Xxxx, Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
(the “Consultant”)
AND:
EDEN ENERGY CORP., a Nevada company having an office at Suite 1925 – 000 Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(the “Company”)
A. The Company and the Consultant entered into a Management Consulting Agreement (the “Agreement”) dated September 1, 2004 and have agreed to amend the Agreement to increase the remuneration and include the issuance of stock options.
1. |
Paragraph 3.01 of the Agreement is hereby deleted in its entirety and replaced with the following: |
“3.01 As compensation for his management services, the Consultant shall receive a monthly management fee of US$10,000.00. The Company shall pay such management fee monthly on the first day of the month to which payment of such management fee relates.”
2. |
A new paragraph 3.04 be added to the Agreement as follows: |
“3.04 As further compensation for his management services, the Company has agreed to grant to Xxxxxx Xxxxxx stock options to acquire up to 200,000 common shares of the Company at a price of $2.50 per share, exercisable until May 1, 2010.”
3. |
In all other respects the Agreement shall remain the same. |
X. XXXXXX MANAGEMENT INC.
Per: |
/s/ Xxxxxx Xxxxxx | |
|
Signature |
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Dated: |
May 10, 2005 |
D/ljm/709460.1
- 2 - |
Per: |
/s/ Xxxx Xxxxxxx | |
|
Signature |
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Dated: |
May 4, 2005 |
D/ljm/709460.1