Exhibit 10.9
Vital Health Technologies, Inc.
Form 10-KSB
File No. 000-15243
Agreement, Project Description and Compensation
1. Xxxx Xxxx will be appointed as an advisor to Vital Health
Technologies, Inc. and will receive a warrant convertible
into 5,000 shares of Vital Health Technologies, Inc. common
stock at a price of 5 cents ($.05) per share. The shares are
available for immediate conversion and have a 5 - year
duration.
2. The term of service as an advisor will be 12 months from
date of agreement.
3. As an advisor, Xxxx Xxxx will provide the company with
recommendations and guidance for the company to move forward
in the development of it's core technology (variance
cardiography).
4. Advisor's main focus will be to assist the company in
formulating relationships with other medical device
companies for the purpose of strategic partnerships,
licensing agreements, joint ventures, investment,
acquisitions etc.
5. In the event an agreement is finalized with any company
whom Xxxx Xxxx has had involvement in the formulation of, he
shall be entitled to compensation as follows:
5% of the value of the agreement (cash, stock, royalty,
etc.) up to the 1st $1,000,000.
4% of the value of the agreement for the 2nd $1,000,000.
3% of the value of the agreement for the 3rd $1,000,000.
2% of the value of the agreement for the 4"' $ 1,000,000.
1% of the value of the agreement for any amount exceeding
$4,000,000 but less than $ 10,000,000
2% of the value of the agreement for any amount exceeding
$10,000,000
This agreement has been reviewed and accepted this 31st day of
October 2000.
/s/Xxxx Xxxx
Xxxx Xxxx
/s/Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
Vital Health Technologies, Inc.
E-59
