1 October, 2000
Attention: Mr. Xxxx Xxxxxxxx
RE: xxxxxxxxxxxxxx.xxx, Inc. (the "Company") & Xxxx Xxxxxxxx Contract
Dear Mr. Xxxxxxxx:
This document is to outline the terms of the consulting contract that Xxxx
Xxxxxxxx ("Mr. Xxxxxxxx") will undertake on behalf of xxxxxxxxxxxxxx.xxx, Inc.
Mr. Xxxxxxxx is a management consultant specializing in computer technologies.
Mr. Xxxxxxxx will act as the Chief Operating Officer effective October 1, 2000.
This contract will be in place for one year. Either party shall be entitled to
terminate this consulting agreement by providing the other party with two
calendar weeks written notice.
For his duties, Mr. Xxxxxxxx will be renumerated a sum of $6,000 CDN per month,
with a management review on a semi-annual basis. Mr. Xxxxxxxx will be expected
to devote 75% of his time to the duties detailed herein.
Mr. Xxxxxxxx will be expected to provide:
1. assistance with effecting a strategic plan on terms acceptable to the
Company; 2. assistance with drafting the business plan; 3. review prospects of
alliance partners including representing the Company in its negotiations of
contracts with alliance partners; 4. assistance in the development of a
marketing plan; 5. management expertise in the integration and technical
development of the Company's operations; 6. assistance in the selection of
additional directors, officers and management; 7. management expertise in the
negotiation and raising of sufficient capital to fund future operations, on a
best efforts basis; and, 8. general e-business consultation throughout the term
of this agreement.
Mr. Xxxxxxxx is declaring that he also holds various officer and director
positions with other companies and as well owns majority interest in Praxis
Technical Group Inc., a company which is working with The Forest Industry Online
Inc., a subsidiary of xxxxxxxxxxxxxx.xxx, Inc.
A signed copy of this document signifies acceptance of these terms.
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Xxx Xxxxxxxx Xxxx Xxxxxxxx
President
