Exhibit 10.5
GLOBAL REGULATORY SERVICES ASSOCIATES
AGREEMENT FOR CONSULTING SERVICES
INGEN Technologies, Inc. (the "CLIENT") and Xxxxx X. Xxxx, doing business as
GLOBAL REGULATORY SERVICES ASSOCIATES, a sole proprietorship (the "Consultant")
agree as follows.
1. Services
The Client desires to retain the Consultant and the Consultant desires to
be retained to perform certain services as outlined in the attached Project
Proposal which is made a part hereof. The Consultant agrees to perform all
services with the standard of care, skill and diligence normally provided
by a professional person in the performance of similar consulting services.
The Consultant is aware that the Client will rely on the accuracy,
competency and completeness of the Consultant's services.
2. Terms
The Consultant shall commence services on 02/27/06 and shall continue and
conclude services and be compensated as set forth in the Project Proposal.
3. Expenses
Expenses incurred by the Consultant in the performance of services pursuant
to the Agreement including travel expenses, shall be in accordance with the
Client's established business procedures, including written approval in
advance of expenditures for items so specified in the Project Proposal.
4. Confidential Information
The Consultant acknowledges that in the performance of services access to
confidential information of value to the Client shall occur. The Consultant
agrees to preserve the confidentiality of the information and to use it
only on behalf of the Client.
5. Independent Contractor
The Consultant is employed by the Client as an independent contractor, and
neither is authorized to act as the agent of the other.
6. Termination
Both parties reserve the right to terminate this Agreement for cause
including the Client's dissatisfaction with the Consultant's services. Upon
such termination, payment for services to the date of termination shall be
paid in the proportion that the part performance bears to the total
contract if applicable.
7. Modification
This Agreement shall be modified or otherwise amended only by a written
modification executed by both parties.
Agreement Page 2
8. Notice
Any notice given of termination of services pursuant to this Agreement
shall be in writing and mailed or delivered to the party being notified.
9. Partial Validity
If any provision of this Agreement is held by a court of competent
jurisdiction to be invalid, void or unenforceable, the remaining provisions
shall continue in full force.
IN WITNESS WHEREOF, the parties have executed this Agreement to be
effective as of February 27, 2006
Ingen Technologies, Inc.
The Client
- s -
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By Xxxxx X. Sand
CEO & Chairman
Title
GLOBAL REGULATORY SERVICES ASSOCIATES
The Consultant
- s -
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By Xxxxx X. Xxxx
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Title
GLOBAL REGULATORY SERVICES ASSOCIATES
APPENDIX A - PROJECT PROPOSAL
1. Description of Project: To provide the company with information
pertaining to the requirements for registration of their product,
OxyView(TM). To prepare the appropriate submission to FDA, if a submission
should be required.
2. Time Required: Initial Inquiries - NMT 10 hours If a submission is
required, the time needed to prepare should be - NMT 100 hours
3. Compensation: $125.00/hour
A. Fixed price - N/A
B. By time units of - N/A
C. Terms -
(Payment will be made only against invoices properly submitted and
approved)
4. Signatures:
Signed By: - s - Signed By: - s -
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Xxxxx X. Sand Xxxxx X. Xxxx
CEO & Chairman
For: Ingen Technologies, Inc.
Date: 2-28-06 Date: 2-28-06
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