EXHIBIT 10.2
CONSULTING SERVICES AGREEMENT
This Consulting Services Agreement (the "Agreement") is entered into this
12th day of July, 2001 is by and amongst Dynamic I-T, Inc. (the "Company") and
Xxxxx Xxxxxxx ("Consultant").
WHEREAS, Consultant is providing consulting services, and has provided
consulting services to Company in the past;
NOW THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration receipt whereof is hereby acknowledged
it is agreed.
1. The Company hereby has engaged the Consultant for consulting services
and wishes to pay Consultant and has agreed to payment of fees due for services
already rendered through issuance of stock.
2. In consideration of the services already provided, Consultant shall
receive a fee equal to 300,000 shares of the Company's common stock which shall
be issued as a result of prior services rendered to the Company by the
Consultant.
3. The Company will register all the compensation shares pursuant to a
registration statement on Form S-8.
4. Except as otherwise provided herein, any notice or other communication
to any party pursuant to or relating to this Agreement and the transactions
provided for herein shall be deemed to have been given or delivered when
deposited in the United States Mail, registered or certified, and with proper
postage and registration or certification fees prepaid, addressed at their
principal place of business or to such other address as may be designated by
either party in writing.
5. This Agreement shall be governed by and interpreted pursuant to the laws
of the state of Colorado. By entering into this Agreement, the parties agree to
the jurisdiction of the Colorado courts with venue in Jefferson, County
Colorado. In the event of any breach of this Agreement, the prevailing party
shall be entitled to recover all costs including reasonable attorney's fees.
6. This Agreement may be executed in any number of counterparts, each of
which when so executed an delivered shall be deemed an original, and it shall
not be necessary, in making proof of this Agreement to produce or account for
more than one counterpart.
IN WITNESS WHEREOF, the parties hereto have subscribed their hands and
seals the day and year first above written.
CONSULTANT: COMPANY:
Xxxxx Xxxxxxx DYNAMIC I-T, Inc.
/s/Xxxxx Xxxxxxx Xxxxxxx X. Xxxxx
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Xxxxx Xxxxxxx Xxxxxxx X. Xxxxx, President
