CONSULTING AGREEMENT
Exhibit 10.12
| To: | NEW ENERGY FUND LP |
| 0xx Xxxxx | |
| 000 Xxxxxxx Xxx | |
| XX, XX 00000 |
IN CONSIDERATION for the mutual promises and covenants and the terms and conditions set out in Sections 1 through 8 attached, the Global Green Solutions Inc. (herein called the “Company”) hereby offers and the Consultant hereby accepts engagement with the Company upon the terms and conditions set forth herein:
| Position: | Consultant to the Company to advise the Company on technologies, |
| competing technologies, industry trends and commercial | |
| applications of the Company’s technologies including green steam | |
| and vertigro on an as needed basis. | |
| Term of Agreement: | This Agreement shall be for a term of 36 months. |
| Compensation: | As consideration for the services of the Consultant hereunder, the |
| Company shall pay the Consultant an incentive stock option to | |
| purchase 300,000 shares from the Company under its incentive | |
| stock option plan at a price of US$1.00 per share. The options shall | |
| vest quarterly commencing on the date hereof with the first portion | |
| being exercisable at any time 30 days after the date of grant. | |
Executed and delivered by and behalf of the Company at Vancouver, British Columbia, effective ____ day of January, 2007.
GLOBAL GREEN SOLUTIONS INC.
Per: J. XXXXXXX XXXXXX
=======================================================================================================================
Accepted, and signed, sealed and delivered by the Consultant at New York, New York, effective 17th day of January, 2007.
XXXX XXX
NEW ENERGY FUND LP
