CONSULTING AGREEMENT
This Agreement, by and between Xxxxxxx X. Xxxxxx, Consultant, and Nurescell,
Inc., a Nevada Corporation, Client, will delineate the terms agreed upon between
Consultant and Client whereby Consultant will perform certain duties for and on
behalf of Client over the term of the agreement as required by Client and to the
satisfaction of the Client.
WHEREAS, Xxxxxxx X. Xxxxxx is presently associated with Nurescell, Inc. as a
member of its Board of Directors, and
WHEREAS, Nurescell, Inc. has expressed a desire and a need to have more of the
time of Xx. Xxxxxx than would normally be expected of a member of the Board of
Directors, Nurescell, Inc. has determined that it would be in its best interests
to have Xx. Xxxxxx spend whatever portion of his time as is needed to consult
with Nurescell, Inc. on a range of matters concerning the present and the future
of Nurescell, Inc.
THEREFORE, BE IT AGREED
That Xxxxxxx Xxxxxx, hereafter known as Consultant, together with any person
with whom he may associate himself for the purpose of fulfilling the
requirements of this agreement, agrees to devote that percentage of his full
time as may be required for this purpose. It is anticipated that at the
start, since Nurescell, Inc., hereinafter known as Client, is presently in
the start-up phase that the percent of the Consultant's time will be between
25% to 30%.
It is also agreed that if and when a larger or lesser percent of Consultant's
time is required that an appropriate adjustment of the proposed consulting fee
will be made. It is further agreed that certain adjustments to the monthly
consulting fee may be made as agreed upon between Consultant and Client from
time to time based on inflation or other appropriate factors.
It is agreed that, given the availability of electronic communications
facilities, Consultant will make the choice of working from his own office or
working in the offices of the client, in laboratories or other locations
appropriate to the work being performed by Consultant for the Client.
It is further agreed that the starting fee will be $2,000.00 per month plus any
out of pocket expenses such as travel or other expenses related to the carrying
out of this agreement as approved by Client in advance. It is also agreed that
the initial retainer fee will be $7,000.00 which will be due on the date of the
signing of this agreement by both parties hereto.
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EXHIBIT 6.5
Concerning the life of this agreement, it is agreed that this agreement will
continue in effect until terminated by either party hereto giving thirty days
advance notice of termination to the other party in writing or by, mutual
consent of both parties hereto, with both parties agreeing in writing to the
terms of the termination.
The effective date of this agreement will be June 10, 1998.
AGREED AGREED
Xxxxxxx X. Xxxxxx Nurescell, Inc.
/s/ Xxxxxxx X. Xxxxxx /s/ Xxxxxx Xxxxxx
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Xxxxxxx X. Xxxxxx By Xxxxxx Xxxxxx , President
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