ADVISOR AGREEMENT
This agreement is made this 8th day of July, 2003 by and between HydroFlo, Inc.,
a North Carolina corporation, hereinafter known as "HydroFlo", and Xxxx X.
Xxxxx, an individual residing in the state of Massachusetts, herein after known
as "Xxxxx".
NOW THEREFORE, in consideration for the mutual covenants and agreements
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the parties do mutually agree as
follows:
1. Xxxxx, upon the request of HydroFlo, and in consideration of Forty
Thousand Shares of common stock of HydroFlo, does hereby agree to
become an advisor to the Board of Directors of HydroFlo, subject to all
of the benefits and conditions inherent to the position and the
covenants contained herein.
2. HydroFlo agrees to hold Xxxxx harmless from any action brought against
him on behalf of HydroFlo, or the duties of Advisor performed on behalf
of HydroFlo, and agrees to defend any actions, provided that actions of
Xxxxx are not intentionally and maliciously performed against the
interests of the company.
3. Xxxxx acknowledges that he has executed freely and knowingly, a
document, which prohibits disclosure and circumvention of any
proprietary information of HydroFlo, and further agrees that this Non
Disclosure/Non Circumvention Agreement is fully incorporated herein by
reference.
4. Xxxxx shall be entitled to the reimbursement of all approved costs and
expenses necessary for the performance of duties and work on behalf of
the company, and any other compensation as may be appropriate.
Entered into and agreed upon on the date first written above,
HydroFlo, Inc.
____________________________________
By: Xxxxxx X. Xxxx
Chairman & CEO
_______________________ ________________________________________
Witness Xxxx X. Xxxxx
